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  • #481
  • Aug 31, 2009 12:52am Aug 31, 2009 12:52am
Hi Lion,

Regarding your competition, the USD/JPY is running into heavy headwinds approaching 91.75 and is showing as quite over sold at present.

This may present you with the small amount of yen weakness that you need to get another in point to the G/Y down trend.

It may also pay you to keep an eye on the AUD/JPY pair. I trade this once trend is established by E/Y, G/Y.

It tends to run quite hard once it goes.

Cheers.
  • #482
  • Aug 31, 2009 1:08am Aug 31, 2009 1:08am
Quoting harora
not really
just look at mar'08

lol... but here's another in next year
look out for may 2010,



by the way what is your play on guppy for today/this week
forget other months

tell when does August month repeat such an occurence, i specified August
  • #483
  • Aug 31, 2009 2:44am Aug 31, 2009 2:44am
Lion,

What's your next call on GY direction?

Seems a bit confused today with London on holidays.
  • #484
  • Aug 31, 2009 3:05am Aug 31, 2009 3:05am
yes forexlion what you think about GJ at now, he break this point 152.126 but dont go down such more he reverse and go up
High risk High return!
  • #485
  • Edited 4:07am Aug 31, 2009 3:06am | Edited 4:07am
Sold short GY @ 150.63 with MB lining up on all 8 TF's. GMT 10.05am

Out +9
  • #486
  • Aug 31, 2009 3:37am Aug 31, 2009 3:37am
Quoting 4xAddict
Sold short GY @ 150.63 with MB lining up on all 8 TF's. GMT 10.05am
At the moment both Tokyo and London sessions are inactive (after hours/bank holiday) and there seems to be no volume in the market. Occasionally my M1 charts actually do not even form candles. So even if the indicator lines up across all timeframes I don't think there is strong price action behind that. Maybe better to skip GBPJPY for the moment, wait at least until there is a clearer picture what happens in American equities after the weekend, to provide some direction for the pair.

jesper
  • #487
  • Aug 31, 2009 8:08am Aug 31, 2009 8:08am
Quoting samdani786
looks like u r right cause i am already in the red in my long, Well its a small one for the heck of it
well came out green anyway
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #488
  • Aug 31, 2009 3:50pm Aug 31, 2009 3:50pm
good, i am back with a new motherboard and added ram

had excessive system problems for the whole week

will be back after complete system setup
  • #489
  • Aug 31, 2009 4:59pm Aug 31, 2009 4:59pm
30 min is crying for a short so be careful
  • #490
  • Aug 31, 2009 7:04pm Aug 31, 2009 7:04pm
Quoting forexlion
30 min is crying for a short so be careful
GJ broke the 30 min barrier, now this will be a fun ride to the top

do we see 162 again ?? comments ?
  • #491
  • Aug 31, 2009 7:08pm Aug 31, 2009 7:08pm
Quoting forexlion
GJ broke the 30 min barrier, now this will be a fun ride to the top

do we see 162 again ?? comments ?
Yes, or Maybe YES.. after we take F61 [153.254] and the most important, the breakout zone or line at 153.50...

so far.. the preassure is to down side (from my perspective).. 153.50 is the "last Man Standing.. zone.. for bears" :d

cheers..
  • #492
  • Edited 7:36pm Aug 31, 2009 7:11pm | Edited 7:36pm
Quoting forexlion
GJ broke the 30 min barrier, now this will be a fun ride to the top

do we see 162 again ?? comments ?
Let it pass 1 HR.. 50 ema..first..it is acting as resistence. 151.15 support.. touched 5 times already.15M..

Why did you think of 162... besides 30 min Barrier??

Many Resistence On the Way UP..need crazy news to Break Upward.. It will stay Slow till Europe...

FIB61.8% retrace from 153.65-150... is at 152.24.

Fib61.8% retrace from 156.72 - 150... at 154xx

Fib61.8% retrace from 163 - 150... at 158xx ( target)..
Markets are not Random, they are designed!
  • #493
  • Aug 31, 2009 7:12pm Aug 31, 2009 7:12pm
Quoting forexlion
GJ broke the 30 min barrier, now this will be a fun ride to the top

do we see 162 again ?? comments ?

i dont think going so fast forexlion
High risk High return!
  • #494
  • Aug 31, 2009 7:14pm Aug 31, 2009 7:14pm
...
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Let Price determine your future!
  • #495
  • Aug 31, 2009 8:24pm Aug 31, 2009 8:24pm
just flipping up and down and not doing anything serious
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  • #496
  • Aug 31, 2009 8:54pm Aug 31, 2009 8:54pm
Lion,

Just curious, have you entered the contest? I just looked at the results page, after a couple of hours of trading some folks are up by (a ridiculous) 20% or more. So they're clearly over-leveraging, and if you want to go to Dubai it may be difficult to win with realistic money management.

That's the problem I have with these contests. Unless you're using a life account it really just comes down to sports, or gambling if you wish. Pretty much like the Lehman Brothers etc. folks... you blow out and get rewarded with government money, you make a profit you are rewarded with a fat bonus.

I have set my default trade size in the context to 20 full lots. If I survive, maybe I win a t-shirt; if I blow out, nobody will ever know. I'll be making M1 entries on GBPJPY (most volatile pair) and EURGBP (most loaded pair) and close my positions in profit only -- discretionary when sitting at the screen or with trendchaser EA/trailing stops when away.

Good look!

jesper
  • #497
  • Aug 31, 2009 9:28pm Aug 31, 2009 9:28pm
Quoting jesperweber
Lion,

Just curious, have you entered the contest? I just looked at the results page, after a couple of hours of trading some folks are up by (a ridiculous) 20% or more. So they're clearly over-leveraging, and if you want to go to Dubai it may be difficult to win with realistic money management.

That's the problem I have with these contests. Unless you're using a life account it really just comes down to sports, or gambling if you wish. Pretty much like the Lehman Brothers etc. folks... you blow out and get rewarded with government money, you...
@ 5 lots i am nowhere in the first 100 even
  • #498
  • Aug 31, 2009 9:45pm Aug 31, 2009 9:45pm
Quoting jesperweber
Lion,

Just curious, have you entered the contest? I just looked at the results page, after a couple of hours of trading some folks are up by (a ridiculous) 20% or more. So they're clearly over-leveraging, and if you want to go to Dubai it may be difficult to win with realistic money management.

That's the problem I have with these contests. Unless you're using a life account it really just comes down to sports, or gambling if you wish. Pretty much like the Lehman Brothers etc. folks... you blow out and get rewarded with government money, you...
this guy has been consistent since morning

Name:georgi Account #:976420 Country:Bulgaria
rest all are simply playing ping pong
  • #499
  • Aug 31, 2009 10:06pm Aug 31, 2009 10:06pm
Quoting forexlion
this guy has been consistent since morning

Name:georgi Account #:976420 Country:Bulgaria
rest all are simply playing ping pong
OK. The contest has been running for 7 hours. Georgi is circling $25,000 in profit give or take, so let's assume he makes 25% in 8 hours of trading.

September has 22 trading days, or 66 * 8 hours.

Using compounding, the benchmark to win this contest (in other words, to beat Georgi) is $248,920,611,114. Shoot for 2.5 million percent compounded return this month just to be on the safe side...

Alright, this thread is about "Serious Trading". Point taken, point taken
  • #500
  • Aug 31, 2009 10:14pm Aug 31, 2009 10:14pm
Quoting jesperweber
OK. The contest has been running for 7 hours. Georgi is circling $25,000 in profit give or take, so let's assume he makes 25% in 8 hours of trading.

September has 22 trading days, or 66 * 8 hours.

Using compounding, the benchmark to win this contest (in other words, to beat Georgi) is $248,920,611,114. Shoot for 2.5 million percent compounded return this month just to be on the safe side...

Alright, this thread is about "Serious Trading". Point taken, point taken
get back to GJ
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