Going to make it big by age 21.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #210,342
- Dec 15, 2009 2:57pm Dec 15, 2009 2:57pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
there's an important resistance @ 146.20/60 (maybe .80); if that one is taken, then we say hello again to 149 (well 148.50, to be more precise).
here is the chart.
MY OPINION NOT FINANCIAL ADVISE
- #210,343
- Dec 15, 2009 3:41pm Dec 15, 2009 3:41pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #210,346
- Dec 15, 2009 4:51pm Dec 15, 2009 4:51pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #210,349
- Dec 15, 2009 6:22pm Dec 15, 2009 6:22pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Price was right there when he posted stop making people feel unwanted your followers will start to see a diffrent part of Mac14
I have been following some of calls and when things go wrong he never reposts saying ' buyers coming in i am closing trade for 10 pip profit ' and like all of us his trades do go wrong. So nin this case it would leave the overleveraged newer trader hanging out in the wind with a 50 pip loss.
if this guy was decent he would say in the way UP into 146 ... ' hey i am selling at 146 with a 20 pip stop' then all newbies that follow others calls , and they do sadly , could get in right at the top. I have seen this guys trades work out and some not work out , like us all .
Many of us in here are great traders but when we post something about a trade we posts with charts and why we are taking the trade so that others can learn.
If this fellow wants a trade call service better he go spend the money on developing one . I do not think ff is the place for what he is doing.
I thought this was a forum for open discussion on what we think is going on and trading styles and systems.
if one feels the need to find a trade calling service you need to subscribe to one that actively manages the trade for you and lets you know when things are going wrong. EAS by proact traders is a great and one that i have used when i was to busy to watch charts for a few weeks. BTW I am not involved in this in any way or form.
Maybe i am overreacting but what this fellow is doing is dangerous for newer traders. He posts trades and then posts little or no follow up
Blogging daily now at www.volume.zone
- #210,351
- Dec 15, 2009 6:37pm Dec 15, 2009 6:37pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
here is an 8 hour chart of gj situation
the move is coming form uj as gu has been stuck in a 100 pip range for days ( I have been trading this as there is no guess work involved...sell top and buy bottom )
if 146 breaks out then next stop is that major resistance line 147 ish
146 holds then we see down move to 144 ish
the move is coming form uj as gu has been stuck in a 100 pip range for days ( I have been trading this as there is no guess work involved...sell top and buy bottom )
if 146 breaks out then next stop is that major resistance line 147 ish
146 holds then we see down move to 144 ish
sorry ... but this guy posts no charts and in fact price was exactly 145,70 when he posted .... so a newbie may enter at 145.70 with strop 146.20 his risk has now become 2.5 times the guys that entered at 146.
I have been following some of calls and when things go wrong he never reposts saying ' buyers coming in i am closing trade for 10 pip profit ' and like all of us his trades do go wrong. So nin this case it would leave the overleveraged newer trader hanging out in the wind with a 50 pip loss.
if this guy was decent he would say in the way...
Blogging daily now at www.volume.zone
- #210,352
- Dec 15, 2009 6:41pm Dec 15, 2009 6:41pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
In theory this should drop off 146
weakness is there in the volumes but gu is pretty range bound ( great for intraday trading )
weakness is there in the volumes but gu is pretty range bound ( great for intraday trading )
Malcomb can you explain to me what the volume is showing right now? Some crazy whipsaws at the moment and I'm short due to my system giving me a sell signal earlier on a 4hr candle open.
oh btw...trendlines do work =)
Blogging daily now at www.volume.zone
- #210,355
- Dec 15, 2009 7:15pm Dec 15, 2009 7:15pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
well, just checked today to see both other halves of my trades stopped out... last week's with 200 pip profit, and this week's with 50 pip loss...
things don't work out all the time, but hey, if i made pips then i'm happy
no more trades for me unless i see a short signal on 4h. no longs unless i see good bullishness on the weekly chart (as stated earlier). i'm swing trading lately, and won't be doing anything more since i don't have that much time.
anyway... this up move seems like a result of UJ's movement alone since Cable hasn't a clue yet of its direction (but i do
)
monthly chart on cable speaks for itself. cable should be going down, first target is monthly gann or a bit lower to 50% fibo. we had several retests in the past months of a historical S/R level that proved pretty powerful back in 1996-1998 and also in 2005. after those tests, price should be heading down soon. if not because of that level, then because of the bearish HD forming on the monthly chart (which isn't mature yet unless 50ema is reached, which i don't think is likely) but still monthlies are very reliable when it comes to divs.
chart:
things don't work out all the time, but hey, if i made pips then i'm happy
no more trades for me unless i see a short signal on 4h. no longs unless i see good bullishness on the weekly chart (as stated earlier). i'm swing trading lately, and won't be doing anything more since i don't have that much time.
anyway... this up move seems like a result of UJ's movement alone since Cable hasn't a clue yet of its direction (but i do
)monthly chart on cable speaks for itself. cable should be going down, first target is monthly gann or a bit lower to 50% fibo. we had several retests in the past months of a historical S/R level that proved pretty powerful back in 1996-1998 and also in 2005. after those tests, price should be heading down soon. if not because of that level, then because of the bearish HD forming on the monthly chart (which isn't mature yet unless 50ema is reached, which i don't think is likely) but still monthlies are very reliable when it comes to divs.
chart:
- #210,357
- Dec 15, 2009 7:23pm Dec 15, 2009 7:23pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #210,359
- Dec 15, 2009 7:33pm Dec 15, 2009 7:33pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
got a chart of gann atm? away from trading computer.
- #210,360
- Dec 15, 2009 7:59pm Dec 15, 2009 7:59pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone