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

  • #197,501
  • Sep 15, 2009 10:37am Sep 15, 2009 10:37am
Well, my luck is working in my favor for a while and I should be laughing all the way to the bank.. Trading is not luck..It is proper MM and setting up a trade..

Predicting where the market is going is all in TA and following the fundamentals..

If the traders are not aware of the economic issues, than 95% of the time they will lose..

The trend doesn't lag or lie where PA will move..It will take time for the newbies to realized that trading is all in following the trend.. Indicators all lag and project the direction after the price action..

Good Luck to the newbies..

Big learning curve in trading forex..

That is secret for the swing traders!!




Quoting A-speculator
newbies tend to think that what happen to day is because of luck.. Well, I can say they have a long way to go if they keep on thinking this way..
Attached Image (click to enlarge)
Click to Enlarge Name: daily gja.gif Size: 32 KB
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  • #197,502
  • Sep 15, 2009 10:38am Sep 15, 2009 10:38am
just went long GU 6416 for 6500
will stop and reverse at 6500 for 6330
  • #197,503
  • Sep 15, 2009 10:38am Sep 15, 2009 10:38am
As I said, 50 EMA daily support holds for now and PA will go up for shorting opportunity
Quoting igmak
IMO, it will head up to 1.6550 area due to support by 50 EMA daily @ 1.6394 and resistance is @ 50 EMA 4hr @ 1.6514 & 1hr 1.6580.
Do not follow my trades. Trade what you see on your own charts.
  • #197,504
  • Sep 15, 2009 10:39am Sep 15, 2009 10:39am
Whats all the exciment over?? still haven't made a lower low....(yet).. and only a 200 pip drop..

Anyway.. long scalp off 149.70..
  • #197,505
  • Sep 15, 2009 10:42am Sep 15, 2009 10:42am
Plenty of time..It is only tuesday. You haven't seen nothing yet..



Quoting Cdawg
Whats all the exciment over?? still haven't made a lower low....(yet).. and only a 200 pip drop..

Anyway.. long scalp off 149.70..
[
  • #197,506
  • Sep 15, 2009 10:43am Sep 15, 2009 10:43am
Quoting A-speculator
newbies tend to think that what happen to day is because of luck.. Well, I can say they have a long way to go if they keep on thinking this way..
luck? of course not. all those predicting down are psychic and KNEW days ago that King would send it tanking!! no luck involved, none at all.
  • #197,507
  • Sep 15, 2009 10:43am Sep 15, 2009 10:43am
Quoting rgitt05
Well, my luck is working in my favor for a while and I should be laughing all the way to the bank.. Trading is not luck..It is proper MM and setting a trade..

Predicting where the market is going is all in TA and following the fundamentals..

If the traders are not aware of the economic issues, than 95% of the time they will lose..

The trend doesn't lag or lie where PA will move..It will take time for the newbies to realized that trading is all in following the trend.. Indicators all lag and project the direction after the price action..

Good...
Funny thing is, a lot of traders more willing to take a risk by going for a small profit only and letting the loser runs big
  • #197,508
  • Sep 15, 2009 10:44am Sep 15, 2009 10:44am
Quoting rgitt05
Well, my luck is working in my favor for a while and I should be laughing all the way to the bank.....
true.. very true..

hope newbies will learn from their mistakes & that will definitely takes time.. Anyway, I'm looking for shorting opportunity for GU.. maybe for another several hours or so.. let's see how the market reacts towards 1.65's area.. good trade bro. For MS, seems like I have your 300pips now in my account transfered from you.. sorry bro, I won't give it back..
  • #197,509
  • Sep 15, 2009 10:45am Sep 15, 2009 10:45am
Counter trend buy on WM1
Note: still a gambling phase
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15min.gif Size: 25 KB
  • #197,510
  • Sep 15, 2009 10:48am Sep 15, 2009 10:48am
Quoting ewokuk
luck? of course not. all those predicting down are psychic and KNEW days ago that King would send it tanking!! no luck involved, none at all.
Yups, that's what I'm trying to say. You have to believe in your system and trade based on price action. By time, you can sort of "feel the market" by looking into the reaction/progress of the price (bar/candlesticks/point and figure,etc..).. I'm sure you will be fine.. Safe trade bro..
  • #197,511
  • Sep 15, 2009 10:50am Sep 15, 2009 10:50am
At last, GJ bahaves as it is supposed to..
  • #197,512
  • Sep 15, 2009 10:56am Sep 15, 2009 10:56am
second KABOOOM..hello 149
Read the entire market, money is made on the main trend not the fluctuation
  • #197,513
  • Sep 15, 2009 10:57am Sep 15, 2009 10:57am
2nd 4 hour candle going to appear soon. The price currently under 149.88 , we will reach there, and there will be more at the end of the week..
Read the entire market, money is made on the main trend not the fluctuation
  • #197,514
  • Sep 15, 2009 11:01am Sep 15, 2009 11:01am
UJ helping this move. GU seems to want to follow Gold, and it is the end of the day in London, so perhaps positions being wrapped up.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #197,515
  • Sep 15, 2009 11:02am Sep 15, 2009 11:02am
Quoting Kofmaster
second KABOOOM..hello 149
I don't think we can get there today coz I want GU to move back to 1.65 so that I can short
  • #197,516
  • Sep 15, 2009 11:03am Sep 15, 2009 11:03am
lets follow the classic rule, "lets the profits run"
  • #197,517
  • Sep 15, 2009 11:11am Sep 15, 2009 11:11am
Quoting A-speculator
I don't think we can get there today coz I want GU to move back to 1.65 so that I can short
Is the bullish div on 15m going to play out?
  • #197,518
  • Sep 15, 2009 11:13am Sep 15, 2009 11:13am
Quoting Sunny66
Is the bullish div on 15m going to play out?
yes, and 1H candle supporting the information too.
  • #197,519
  • Sep 15, 2009 11:14am Sep 15, 2009 11:14am
Quoting Sunny66
Is the bullish div on 15m going to play out?
I am basing on 1h, but don't expect too much out of it.. The momentum for the downtrend is too strong, and at this time, it's only US market.. might only be a retrace due to profit taking.. not the real move.. to be continued tomorrow..
  • #197,520
  • Sep 15, 2009 11:17am Sep 15, 2009 11:17am
Quoting rgitt05
Plenty of time..It is only tuesday. You haven't seen nothing yet..

Well I don't disagree with you, I would like nothing more than to see this drop further.. I just not getting too excited over "normal" pa behavior for GJ.
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