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

  • #200,781
  • Sep 30, 2009 6:57am Sep 30, 2009 6:57am
Quoting Minakata
Thanks god... this sell off save my soul. .
Well if you don't fight the trend, the price will eventually come back.. no worries bro..
  • #200,782
  • Edited 7:17am Sep 30, 2009 6:58am | Edited 7:17am
Quoting JhonMonsalve
Hi Marcb, yep; GChf just flirted with Gann HiLo on daily charts, bearish mode is on yet, if breaks 1.62xx, next parade is probably 1.57 or lower IMHO

I hope you're cacthing nice pips there!

Jhon
If you want a clearer picture, take a look to EurGbp, is gonna trip to 1, what it means GChf below 1.5 or even worst.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #200,783
  • Sep 30, 2009 7:05am Sep 30, 2009 7:05am
Big question right now is do I TP at 142.00 or let her ride and see where she goes... ?
Dr. C
  • #200,784
  • Sep 30, 2009 7:11am Sep 30, 2009 7:11am
Quoting A-speculator
Well if you don't fight the trend, the price will eventually come back.. no worries bro..
Thanks...the problem is just that i can do only another additional 150 pips till my margin call, i really need to learn much more before i can go GJ properly. I always get into trouble with my broker 7 pips spread. the move recent is the up move before the news got my broker spread with 1 accurate pip and move down. The buy position that i left there is to help me hedge in case things turn really bad and move to 146. I lost a bit because i just came back and saw the position trigger and quickly close it. The sell position is the oen i got stuck since 142 . Now, i can breath smoother, it was so difficult 1hr ago . Anyway happy green pips guys. This is my big lesson today.
  • #200,785
  • Sep 30, 2009 7:18am Sep 30, 2009 7:18am
Quoting Minakata
Thanks...the problem is just that i can do only another additional 150 pips till my margin call, i really need to learn much more before i can go GJ properly. I always get into trouble with my broker 7 pips spread. the move recent is the up move before the news got my broker spread with 1 accurate pip and move down. The buy position that i left there is to help me hedge in case things turn really bad and move to 146. I lost a bit because i just came back and saw the position trigger and quickly close it. The sell position is the oen i got stuck...
150 pip to margin call from a single bad position at 142?????

Jeeez. Money management mate.

if you gonna go all in you've either gotta have a hard -out SL or you reverse you all or broke mentality and trade smaller positions from now on.
  • #200,786
  • Sep 30, 2009 7:21am Sep 30, 2009 7:21am
Quoting Piters
lol, don't know mate..

see. we close 4h bar just below the 50 ema..(as I pointed earlier), and they are going to spike Up (probably with news..)

2 things can happen now.:

1. we retrace Now (down).. and then spike up again on News releases.. or
2. we choppy around here. and spike on news Up.. and then retrace..

News. are tricky.. especially USA news.. (if you know what i mean)

I would look at 50ema [4h], and observing the next pre 1-2h before the news..

im also looking for good spot to enter some short scalps here.. too..
Right to the pip
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #200,787
  • Sep 30, 2009 7:22am Sep 30, 2009 7:22am
Quoting Eulogy
150 pip to margin call from a single bad position at 142?????

Jeeez. Money management mate.

if you gonna go all in you've either gotta have a hard -out SL or you reverse you all or broke mentality and trade smaller positions from now on.
second that. very good advice. its been repeated again and again yet newboy seems ignore it.
  • #200,788
  • Sep 30, 2009 7:25am Sep 30, 2009 7:25am
Quoting Eulogy
150 pip to margin call from a single bad position at 142?????

Jeeez. Money management mate.

if you gonna go all in you've either gotta have a hard -out SL or you reverse you all or broke mentality and trade smaller positions from now on.
Or trade another pair will less volatility
COT: The precious data ignored
  • #200,789
  • Sep 30, 2009 7:26am Sep 30, 2009 7:26am
Quoting Eulogy
150 pip to margin call from a single bad position at 142?????

Jeeez. Money management mate.

if you gonna go all in you've either gotta have a hard -out SL or you reverse you all or broke mentality and trade smaller positions from now on.
Yeah, will be very careful now. i actually trade only 40 pips, but i mistaken the action and let loose my SL. So noobie me . Will be very careful now .
  • #200,790
  • Sep 30, 2009 7:29am Sep 30, 2009 7:29am
Quoting kuroro001
Or trade another pair will less volatility
If you go all in without an SL it doesn't matter if you trade a less volatile pair. Leverage makes anything that's tame into a potential timebomb ready to go off whenever it feels like it.
  • #200,791
  • Sep 30, 2009 7:31am Sep 30, 2009 7:31am
Dear Traders,

If you have time, please take a look at GJ, DOW and S&P weekly TF. You can see similar pattern. Soner or later DOW and S&P will join bear party.
If both DOW and S&P crash, just imagine what happen to GJ, GU, EU and others pair.

Just take 5 minutes..take a look at DOW and S&P weekly TF. Look scary to me.

Could we see Black Monday on Oct 19 2009?

Regards
PandoraBox
  • #200,792
  • Sep 30, 2009 7:34am Sep 30, 2009 7:34am
Quoting A-speculator
second that. very good advice. its been repeated again and again yet newboy seems ignore it.
True i understand...my trade was not close due to spread too...it goes in my favor and i only need 5 more pips to my TP, it was 2 days ago when the trend is starting to retrace upward but i fail to acknowledge it, nevertheless it move down according to my scalping plan but my broker just don't close it for me due to their spread...it's hard for me not to stay at comp i still cannot locate a safe spot to close my position, and have bad TP or i'm just hte unluckiest guy in the world.
  • #200,793
  • Sep 30, 2009 7:38am Sep 30, 2009 7:38am
May I ask the reason why you believe EURGBP is going to trip to 1?

Quoting JhonMonsalve
If you want a clearer picture, take a look to EurGbp, is gonna trip to 1, what it means GChf below 1.5 or even worst.
  • #200,794
  • Sep 30, 2009 7:38am Sep 30, 2009 7:38am
some of the stupidest action i've seen
crude oil 2.8M barrels.
more than expected.

oversupply of oil = oil price goes up.

simple economical 101.

wait...... what??????
  • #200,795
  • Sep 30, 2009 7:39am Sep 30, 2009 7:39am

Quoting PandoraBox
Dear Traders,

If you have time, please take a look at GJ, DOW and S&P weekly TF. You can see similar pattern. Soner or later DOW and S&P will join bear party.
If both DOW and S&P crash, just imagine what happen to GJ, GU, EU and others pair.

Just take 5 minutes..take a look at DOW and S&P weekly TF. Look scary to me.

Could we see Black Monday on Oct 19 2009?

Regards
PandoraBox
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gjh.gif Size: 32 KB
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  • #200,796
  • Sep 30, 2009 7:41am Sep 30, 2009 7:41am
Quoting marcb
May I ask the reason why you believe EURGBP is going to trip to 1?
Look at monthly chart, the main trend is bullish, I'm not a swing trader, but 1 is on the cards.

Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 26 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #200,797
  • Sep 30, 2009 7:44am Sep 30, 2009 7:44am
Quoting Minakata
True i understand...my trade was not close due to spread too...it goes in my favor and i only need 5 more pips to my TP, it was 2 days ago when the trend is starting to retrace upward but i fail to acknowledge it, nevertheless it move down according to my scalping plan but my broker just don't close it for me due to their spread...it's hard for me not to stay at comp i still cannot locate a safe spot to close my position, and have bad TP or i'm just hte unluckiest guy in the world.
well if you still intend to trade GJ try to use max 5% from your margin. I normally use 2.5 - 5% depending on my confidence level from the setup. just imagine, if you use 5% and have 1000 pip drawdown, you only float 50% of your account (but nobody float 1000 pip i think..) and whenever you enter the market, always think of minimizing the risk instead of try to get rich from a single trade.. and if you always remember that, I don't think you will overleverage next time. Hope that helps..
  • #200,798
  • Sep 30, 2009 7:44am Sep 30, 2009 7:44am
Quoting Eulogy
If you go all in without an SL it doesn't matter if you trade a less volatile pair. Leverage makes anything that's tame into a potential timebomb ready to go off whenever it feels like it.
yeh but from my experience...i can tell that when you start trading , GY shouldn't be traded..too volatile to start
COT: The precious data ignored
  • #200,799
  • Sep 30, 2009 7:44am Sep 30, 2009 7:44am
Quoting PandoraBox
Dear Traders,

If you have time, please take a look at GJ, DOW and S&P weekly TF. You can see similar pattern. Soner or later DOW and S&P will join bear party.
If both DOW and S&P crash, just imagine what happen to GJ, GU, EU and others pair.

Just take 5 minutes..take a look at DOW and S&P weekly TF. Look scary to me.

Could we see Black Monday on Oct 19 2009?

Regards
PandoraBox
If you notice we don't see declines of more than 1% in the us markets even on a bad down day. The money that is in this market is a lot stronger than last years weak players that had no reason being 100% equities/commodities

This time there are also millions upon millions of put contracts for s&p and related indices. Just look at the open interest for SPY October puts below 104.

I'm more concerned about the rising wedge formation as we approach the end of the year and asset managers begin to take profits in earnest

you never know though lol
  • #200,800
  • Sep 30, 2009 7:47am Sep 30, 2009 7:47am
Wait for the DJ kaboom...





Quoting sinned
If you notice we don't see declines of more than 1% in the us markets even on a bad down day....
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