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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #191,301
  • Aug 25, 2009 4:37am Aug 25, 2009 4:37am
I may do next..set limit buy at 154.920 and TP at 155.480

Then

Set limit sell at 155.550 and TP at 155.250

But i am a chiken..and wont do it
Work smart not hard
  • #191,302
  • Aug 25, 2009 4:38am Aug 25, 2009 4:38am
Quoting warta
lol bro last post it was a W and up and now its an M and down

bro ...i dont have bias...i either follow the trend or dont trade it, u have been bear for months but u still buy .....i dont do that u know i am not big boys ..this world is life or death, buy or sell, win or lose ..vise versa..
MY OPINION NOT FINANCIAL ADVISE
  • #191,303
  • Aug 25, 2009 4:39am Aug 25, 2009 4:39am
Exit at .61 +20

Might short a bit from 5 up of here.
  • #191,304
  • Aug 25, 2009 4:42am Aug 25, 2009 4:42am
Quoting sinner-
Anyone with volume data? Is this spike buying or just no selling?
There were buyers indicated by the elipse.

Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m buyers.gif Size: 25 KB


Can't guess how much upside there is, but I think a push above 155 is likely.
  • #191,305
  • Aug 25, 2009 4:43am Aug 25, 2009 4:43am
Quoting donfriday
bro ...i dont have bias...i either follow the trend or dont trade it, u have been bear for months but u still buy .....i dont do that u know i am not big boys ..this world is life or death, buy or sell, win or lose ..vise versa..
u know am on holiday now till the end of the month but i still have a short position on @ 159 Xx well this month is only range
  • #191,306
  • Aug 25, 2009 4:47am Aug 25, 2009 4:47am
Quoting ukdaytrader
There were buyers indicated by the elipse.

Chart.
Attachment

Can't guess how much upside there is, but I think a push above 155 is likely.
Then musn't she retest on low volume?
  • #191,307
  • Aug 25, 2009 4:48am Aug 25, 2009 4:48am
Quoting warta
u know am on holiday now till the end of the month but i still have a short position on @ 159 Xx well this month is only range

good for u...enjoy ur new baby u bought yesterday.
MY OPINION NOT FINANCIAL ADVISE
  • #191,308
  • Aug 25, 2009 4:53am Aug 25, 2009 4:53am
Hi guys, pls tell me if I am posting too much and annoying you.

What do you notice about tonights inverse M5 h&s? We have had them showing up on various TF over the last few nights on all yen pairs...

Left shoulder and head so far both have double dips. Will right be same? She move up awful fast maybe need a breather
  • #191,309
  • Aug 25, 2009 4:55am Aug 25, 2009 4:55am
Hehe +7

Buy!
  • #191,310
  • Aug 25, 2009 4:56am Aug 25, 2009 4:56am
Quoting donfriday
good for u...enjoy ur new baby u bought yesterday.
cheers bro
have a safe trade
  • #191,311
  • Aug 25, 2009 4:56am Aug 25, 2009 4:56am
Quoting sinner-
Hi guys, pls tell me if I am posting too much and annoying you.

What do you notice about tonights inverse M5 h&s? We have had them showing up on various TF over the last few nights on all yen pairs...

Left shoulder and head so far both have double dips. Will right be same? She move up awful fast maybe need a breather

u can post as much as u want ...this is free forum no charges....share ur opinion we can learn from u....only no abusive worlds and bad image..
do ut tang..peace.
MY OPINION NOT FINANCIAL ADVISE
  • #191,312
  • Aug 25, 2009 4:58am Aug 25, 2009 4:58am
Quoting sinner-
Then musn't she retest on low volume?
Not always, no. The volume you see is stopping volume. A low volume test is typically seen on a mark-up/down at the end of a move, where a test spike into new territory is made.

None of this means we'll not go lower today, just that there were buyers between 153.7 and 154.
  • #191,313
  • Aug 25, 2009 5:00am Aug 25, 2009 5:00am
what the hell is this looool !!!double pattern !!
Attached Image (click to enlarge)
Click to Enlarge Name: wtf.png Size: 17 KB
  • #191,314
  • Aug 25, 2009 5:00am Aug 25, 2009 5:00am
Tight stop hit -20 Go against my signal too early. I think she go up without me now...still got +14 today Want 35 more
  • #191,315
  • Aug 25, 2009 5:07am Aug 25, 2009 5:07am
Quoting msniper
what the hell is this looool !!!double pattern !!
Looks like X-wing from Star wars
  • #191,316
  • Aug 25, 2009 5:26am Aug 25, 2009 5:26am
Ok guys, I am done with the pound today feeling tired. Total was +18 I think not bad for 3 hours . Let them be a lesson to you, some could have doubled profit if I was patient

As you can see the last one is a E/J total gamble

EDIT: PS: I should have just kept my G/J short instead of betting against myself
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot26.png Size: 70 KB
  • #191,317
  • Aug 25, 2009 5:35am Aug 25, 2009 5:35am
Quoting sinner-
Ok guys, I am done with the pound today feeling tired. Total was +18 I think not bad for 3 hours . Let them be a lesson to you, some could have doubled profit if I was patient

As you can see the last one is a E/J total gamble

EDIT: PS: I should have just kept my G/J short instead of betting against myself
Yes, but then you'd be a day swing trader, not a scalper.
  • #191,318
  • Aug 25, 2009 5:44am Aug 25, 2009 5:44am
stocks will open with positive number so I think GJ, GU will swing up more, a big drop on Thursday would be nice.
  • #191,319
  • Aug 25, 2009 5:46am Aug 25, 2009 5:46am
Quoting ukdaytrader
Yes, but then you'd be a day swing trader, not a scalper.
My dream is to make a 10 pip stop trade +1000 pips profit, just one time!
  • #191,320
  • Aug 25, 2009 5:49am Aug 25, 2009 5:49am
interesting looking at this quad bottom, its happened exactly every 2 trading days since the first one, 17th, 19th, 21st and now 25th (ignoring weekend).

this time looks less convincing though, previous 3 attempts all shot up pretty strongly from it, this one hasnt yet.
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