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

  • #211,621
  • Jan 11, 2010 7:59am Jan 11, 2010 7:59am
Quoting USD-Bear
What would we do with equal minds......
I dunno... make you 170 pips like last week?

P.S. I posted that 1H chart especially for you Bear.
check out my blog: forexmademillionaire dot com
  • #211,622
  • Jan 11, 2010 8:07am Jan 11, 2010 8:07am
Quoting Geppy
I dunno... make you 170 pips like last week?

P.S. I posted that 1H chart especially for you Bear.
Sure, your input was very valuable (thanks for that) it was even 200 pips (2 trades) but I always depend on my own mind and I see UJ clearly going down now and can't see GJ holding up in that environment.
Please no hard feelings Geppy...
Don't be a hero. Don't have an ego. Always question yourself
  • #211,623
  • Jan 11, 2010 8:12am Jan 11, 2010 8:12am
Might see GJ take a dip below before resuming to the upside. . .

Right now I see 147.80 and 147 area before heading back up. . .
147 will be another test of the DPP supprt. . .

Should be well supported in that area for an eventual upside target to 153.50 and possibly higher. ..
  • #211,624
  • Jan 11, 2010 8:13am Jan 11, 2010 8:13am
Quoting USD-Bear
Please no hard feelings Geppy...
Oh no hard feelings at all bud. I just hope I'm right
check out my blog: forexmademillionaire dot com
  • #211,625
  • Jan 11, 2010 8:16am Jan 11, 2010 8:16am
i shorted at 148.60. ill gladly take 50 or so from it, anything below 148 would be a bonus. id love it to get to 147 so i can close it and look for a nice long.
  • #211,626
  • Jan 11, 2010 8:25am Jan 11, 2010 8:25am
Quoting iksh
Donfriday,

FUndamental analysis gives u the direction or trend of the currency and technical analysis helps u in getting into a trade at appropriate levels so u dont end up with large drawdowns.

Fundamental analysis tells you which currency is weak or string and hence alows u to make a decision - which currency to faour and what direction to take.
Technical analysis helps to make ur support and resistence levels and fibo levels and help u get into a trade at sensible position. that helps u so u dont - buy at resistence or sell at support.
Hope...
Traded my plan today.

Fundamental analysis - weak dollar --> weak UJ
weak dollar --> bulish GBP but upside limited by bearish british fundamentals. So the odds are stacked on short GBPYEN position.

Next step wait for a good entry.

Technical analysis - double top at 149.50 and bullish trandline break to downside at 149.

Entry at 149.50

Attached Image (click to enlarge)
Click to Enlarge Name: gj trade.gif Size: 17 KB


Thanks.
  • #211,627
  • Jan 11, 2010 8:27am Jan 11, 2010 8:27am
Quoting ewokuk
i shorted at 148.60. ill gladly take 50 or so from it, anything below 148 would be a bonus. id love it to get to 147 so i can close it and look for a nice long.
Hi ewokuk,

Did u exit ur long yesterday at gap up open at 148.9 and or this morning at 149.3-149.5?

Why didnt u get in short at 149.5 . u waited too long to enter that short.
  • #211,628
  • Jan 11, 2010 8:35am Jan 11, 2010 8:35am
Quoting Gucc
the worst thing for youre personal trading,is to follow this interactive trading group and try to read all the tradewrs opinions. the most successful traders will never post in this section.

its only my personal view
I think that goes without saying; although it would not surprise me for many folks of various successes to occassionally peek in here. Let's remember we have many valuable contributors to our forum who've helped me/us tremendously (malcolm, scrat, queecee5 & many others) Frankly, if you've been 'trading' for 9 years, consulting these forums should only be to read up on people's pysche and then easily determine who's wrong & thinking OK & who's clueless. Bear in mind too that posting quantity of posters is in no way tied to their success - surprisingly many trade "seriously" with 0.01 lots or demo accounts, yet have thousands of postings - why, I'd have no clue.

In terms of analysts, there is SOO much to follow via the WWW - it's the richness and access to content that's educated me & continues to make me successful. I'll read up on Mizuho's bank analysis. I'm a fan of Ashraf Laidi at http://www.ashraflaidi.com (has opinions on many sites, as well as forexTV) - he's been spot on with so many forecasts (incl. UJ's pre-Christmas rise) - when I read ALL these folks, I mesh their sentiments together, and determine what makes sense against my own short & mid term strategy (I don't really trade & hold more than a few days @ this point - the drawdown can & has killed me & I refuse to give any more money to the bloodsucking criminals who run these affairs.)
  • #211,629
  • Jan 11, 2010 8:43am Jan 11, 2010 8:43am
Quoting Beljevina
... wrong chart included in last post. This one's updated & shows a healthy bounce; given trading volumes will start falling off shortly, price should hold around here.

BOUNCE AT daLY PIVOT.

BUT VOLUME IS REDICING SEEMS VOL NOT SPORTING BOUNCE.



DONT KNOW WHAT IS GOING TO HAPPEN NEXT.
Attached Image (click to enlarge)
Click to Enlarge Name: GY.PNG Size: 34 KB
  • #211,630
  • Jan 11, 2010 8:48am Jan 11, 2010 8:48am
Quoting iksh
Traded my plan today.

Fundamental analysis - weak dollar --> weak UJ
weak dollar --> bulish GBP but upside limited by bearish british fundamentals. So the odds are stacked on short GBPYEN position.

Next step wait for a good entry.

Technical analysis - double top at 149.50 and bullish trandline break to downside at 149.

Entry at 149.50

Attachment

Thanks.

todays high is 149.58 and u short 8pips below...damn u are so brave, u did not even use a signal to enter so that is top and bottom..keep it up but remember nothing work best all the time .
MY OPINION NOT FINANCIAL ADVISE
  • #211,631
  • Jan 11, 2010 9:11am Jan 11, 2010 9:11am
Quoting Geppy
Ok I read something wrong, but you risked 79 for 62... still a terrible risk/reward.
Lol man

Do you know matematic ?

In this trade i was risk 50 pips for 100 pips

I lost this trade but this is demo trade i have live EURUSD buy 50+ now and eurjpy just closed on +5...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: matematic.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #211,632
  • Jan 11, 2010 9:14am Jan 11, 2010 9:14am
Quoting quecee5
Might see GJ take a dip below before resuming to the upside. . .

Right now I see 147.80 and 147 area before heading back up. . .
147 will be another test of the DPP supprt. . .

Should be well supported in that area for an eventual upside target to 153.50 and possibly higher. ..

yep bro...still watching for clear set up....daily gann and 50ema it could be good support to buy.
MY OPINION NOT FINANCIAL ADVISE
  • #211,633
  • Jan 11, 2010 9:20am Jan 11, 2010 9:20am
Quoting Petar_Serbia
Lol man

Do you know matematic ?

In this trade i was risk 50 pips for 100 pips

I lost this trade but this is demo trade i have live EURUSD buy 50+ now and eurjpy just closed on +5...

Cheers
[email protected]
[email protected]
[email protected]

E-S= 149.16-148.37=79 PIPS

T-E= 149.78-149.16=62 PIPS

Do YOU know mathematics? I seriously question your ability to do anything (let alone trade) successfully if you can't do that.
check out my blog: forexmademillionaire dot com
  • #211,634
  • Jan 11, 2010 9:24am Jan 11, 2010 9:24am
Quoting Geppy
[email protected]
[email protected]
[email protected]

E-S= 149.16-148.37=79 PIPS

T-E= 149.78-149.16=62 PIPS

Do YOU know mathematics? I seriously question your ability to do anything (let alone trade) successfully if you can't do that.
That is old label man....hahah Look at price not labels
"Buy on fear, sell on greed !!!
  • #211,635
  • Jan 11, 2010 9:31am Jan 11, 2010 9:31am
Quoting Petar_Serbia
That is old label man....hahah Look at price not labels
Odd that the color of the label matches the trade?

And really... this doesn't debunk the idea that you, at one point, took that trade and therefore have poor risk/reward ratios... no?
check out my blog: forexmademillionaire dot com
  • #211,636
  • Jan 11, 2010 9:35am Jan 11, 2010 9:35am
Shooting star on daily with a high @14950 forming - if it closes under 148.30 I am going short against 1.50 with target 1.4280 and 1.4050 in extention.
  • #211,637
  • Jan 11, 2010 9:37am Jan 11, 2010 9:37am
Quoting geribosi
Shooting star on daily with a high @14950 forming - if it closes under 148.30 I am going short against 1.50 with target 1.4280 and 1.4050 in extention.
can u read what u wrote ur ur keyboard is shaking? what u mean by 1.50.1.4280...this should not be GJ u confuse man.
MY OPINION NOT FINANCIAL ADVISE
  • #211,638
  • Jan 11, 2010 9:41am Jan 11, 2010 9:41am
Quoting donfriday
can u read what u wrote ur ur keyboard is shaking? what u mean by 1.50.1.4280...this should not be GJ u confuse man.
I apologize - here's the numbers again

Short on a daily close under 148.30 with SL 150.00 and 1st target 14280 2nd target 140.50
  • #211,639
  • Jan 11, 2010 9:44am Jan 11, 2010 9:44am
Quoting Geppy
Odd that the color of the label matches the trade?

And really... this doesn't debunk the idea that you, at one point, took that trade and therefore have poor risk/reward ratios... no?
Purple Horizontal lines is my open trade TP and MM zone...My TP is always greater 2X than SL,sometimes 3X...I will wait for next good signal to take a trade,now no trade GBPJPY for me..

This is my current swing trades >

http://www.forexfactory.com/showpost...stcount=179375
http://www.forexfactory.com/showpost...ostcount=12925


Cheers
"Buy on fear, sell on greed !!!
  • #211,640
  • Jan 11, 2010 9:46am Jan 11, 2010 9:46am
Quoting geribosi
I apologize - here's the numbers again

Short on a daily close under 148.30 with SL 150.00 and 1st target 14280 2nd target 140.50
ok...if that is what u see but dont forget 147.15 and last week low a test of broken UTL..i can be wrong
MY OPINION NOT FINANCIAL ADVISE
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