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

  • #194,581
  • Sep 4, 2009 9:06am Sep 4, 2009 9:06am
Quoting Fxdead
The above explanation is not clear.please expanciate by answering the follwing question: 1.what is the direction of market now base on the news release?2.where is the entry point? 3.take profit target?

if you followed my posts before you will have clear explanation because i can't explain the whole story every time i write a post search my posts and u will know

i longed at 149.50 SL 146 and target above 160
  • #194,582
  • Sep 4, 2009 9:09am Sep 4, 2009 9:09am
UCAD testing my patience!
  • #194,583
  • Sep 4, 2009 9:09am Sep 4, 2009 9:09am
Quoting malcolmb14
Attachment
Mal,
please tell us why do you see a bull trap here ?
Long tails on this candle( upper and lower) do not say anything about buying or selling IMHO.

Thanks
  • #194,584
  • Sep 4, 2009 9:09am Sep 4, 2009 9:09am
Quoting malcolmb14
hey when do i get invite down to sail with you ? lol ....
whenever you're in the Balearics.....they're only ~ 7,000 miles from Vancouver.....
Trading Levels with WRBs
  • #194,585
  • Sep 4, 2009 9:11am Sep 4, 2009 9:11am
Quoting msniper
if you followed my posts before you will have clear explanation because i can't explain the whole story every time i write a post search my posts and u will know

i longed at 149.50 SL 146 and target above 160
Good call ..
Read the entire market, money is made on the main trend not the fluctuation
  • #194,586
  • Sep 4, 2009 9:13am Sep 4, 2009 9:13am
Quoting mktjong
Yeah, u also need to know where those two limits price are. Otherwise could be double loss too
if you take the 1st 20 pip profit. if it goes 1 direction all the way to like 200-300 pips. Wouldn't that scared the hell out of you?? lol
Read the entire market, money is made on the main trend not the fluctuation
  • #194,587
  • Sep 4, 2009 9:16am Sep 4, 2009 9:16am
Quoting malcolmb14
look at dj ....

then think long weekend .... most of that evening star formed Wednesday

then think if I want to short gj do i want to short 151.50 or 145 on Tuesday when I cnme back form vacation

Forget wave counts or even indicators ... the above is simple market mechanics ... mark up under low volume to sell when volume comes back in
I bet junior traders have been told to keep markets up over weekend while senior traders off in the Hamptons ..lol

also volumes are on diet on this up move ....

seems fairly easy to me....

151.80 is...
bro you have been selling since 150.50 and then you started selling from 151.50

every time we talk about GJ you bring ES DJ and other effecting stuff

i dont care about them i only read this currency chart i dont care about others

i said that we are reversing and its happending with amazing round buttom

i want you to give me a technical analysis reason that goes against my trade only GJ charts give me for example a pattern with target and SL

trust me bro elliott waves is the strongest analysis tools until now stronger than volume and PA

now we have daily gann at 153.71 if we close above this you will be bullish ?

most of the guys here are selling and keep talking about 147 and 137 etc what about the STOPLOSS ?
  • #194,588
  • Sep 4, 2009 9:18am Sep 4, 2009 9:18am
Quoting malcolmb14
have good weekend all

next week should be interesting after labour day weekend rumoured to have market drop

weekly evening stars on indexes support this
where do u see evening star ?
  • #194,589
  • Sep 4, 2009 9:20am Sep 4, 2009 9:20am
Quoting msniper
bro you have been selling since 150.50 and then you started selling from 151.50

every time we talk about GJ you bring ES DJ and other effecting stuff

i dont care about them i only read this currency chart i dont care about others

i said that we are reversing and its happending with amazing round buttom

i want you to give me a technical analysis reason that goes against my trade only GJ charts give me for example a pattern with target and SL

trust me bro elliott waves is the strongest analysis tools until now stronger than volume and...


u funny sniper...lol
MY OPINION NOT FINANCIAL ADVISE
  • #194,590
  • Sep 4, 2009 9:21am Sep 4, 2009 9:21am
Quoting Kofmaster
if you take the 1st 20 pip profit. if it goes 1 direction all the way to like 200-300 pips. Wouldn't that scared the hell out of you?? lol
Simple...if it goes 1 direction...just click you panic Button
  • #194,591
  • Sep 4, 2009 9:21am Sep 4, 2009 9:21am
Quoting Kofmaster
if you take the 1st 20 pip profit. if it goes 1 direction all the way to like 200-300 pips. Wouldn't that scared the hell out of you?? lol
Nope, if it is in profit direction
  • #194,592
  • Sep 4, 2009 9:25am Sep 4, 2009 9:25am
Quoting grashid
what is the gap between sell and buy limit from the price?
  • #194,593
  • Sep 4, 2009 9:30am Sep 4, 2009 9:30am
Quoting mktjong
Nope, if it is in profit direction
Like what pandora said what, open sell and buy order. Right? Right now the platform I use cannot hedge, but like what he said. 2 position , and PA shoot 1 direction. How to trade? LOL

I know, click you panic button hahahahaha
Read the entire market, money is made on the main trend not the fluctuation
  • #194,594
  • Sep 4, 2009 9:30am Sep 4, 2009 9:30am
Quoting Islander
whenever you're in the Balearics.....they're only ~ 7,000 miles from Vancouver.....
Where are you in the Balearics, Islander? Thought you were at Barbados......
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  • #194,595
  • Sep 4, 2009 9:31am Sep 4, 2009 9:31am
Quoting Kofmaster
Like what pandora said what, open sell and buy order. Right? Right now the platform I use cannot hedge, but like what he said. 2 position , and PA shoot 1 direction. How to trade? LOL

I know, click you panic button hahahahaha
He meant sell and buy limit set up. Not hedge, so u are just waiting with no open position yet.
  • #194,596
  • Sep 4, 2009 9:32am Sep 4, 2009 9:32am
mmmmm, does a long weeked in Ibiza count? Was probably the best weekend of my life..... back in the day. sigh. Beautiful place though.
  • #194,597
  • Sep 4, 2009 9:33am Sep 4, 2009 9:33am
Somehow I still believe we can go down next week, I know believe is not enough to justify. But nothing is impossible in forex~
My chart telling me unless we have daily candle closed above the Gann, or else I still in love with the bear. So we will see next week
Read the entire market, money is made on the main trend not the fluctuation
  • #194,598
  • Sep 4, 2009 9:34am Sep 4, 2009 9:34am
Quoting mktjong
He meant sell and buy limit set up. Not hedge, so u are just waiting with no open position yet.
This is great until you get a whipsaw where both positions are opened before the price veers massively in one direction triggering your TP and then running away from your opposite entry.

There's a reason why traders say don't trade the news.
  • #194,599
  • Sep 4, 2009 9:35am Sep 4, 2009 9:35am
Quoting Dan.B
15 sec video of a Lion and a Gazelle
http://www.youtube.com/watch?v=-9vrD5dmPms

Markets are not Random, they are designed!
  • #194,600
  • Sep 4, 2009 9:35am Sep 4, 2009 9:35am
Quoting mktjong
He meant sell and buy limit set up. Not hedge, so u are just waiting with no open position yet.
I get you now. Nice way, but what if the PA is fast enough to open both position for you?

Just jk , you don't have to answer . = )
Read the entire market, money is made on the main trend not the fluctuation
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