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

  • #214,881
  • Feb 8, 2010 6:55pm Feb 8, 2010 6:55pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Petar_Serbia
Your mistake my friend, bad SL.... UJ sell or buy current ?
Long ever since.
Being right is one, taking it from the table is two.
  • #214,882
  • Feb 8, 2010 7:01pm Feb 8, 2010 7:01pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Clouds
Too high spread pair, anyway, this GU/GY thread.
Depends, mine is only 4 pips on average on GBP/JPY (MB Trading).
Being right is one, taking it from the table is two.
  • #214,883
  • Feb 8, 2010 7:43pm Feb 8, 2010 7:43pm
Morning everyone...Hey going Chinese New year soon
Gong Xi Gong Xi....Happy Fatt Fai...
  • #214,884
  • Feb 8, 2010 8:12pm Feb 8, 2010 8:12pm
Quoting special0nefx
Morning everyone...Hey going Chinese New year soon
Gong Xi Gong Xi....Happy Fatt Fai...
May the year of the tiger bring loads of green pips..hoping to get my big angpow today..GJ looks ripe for a mini kaboosh
  • #214,885
  • Feb 8, 2010 8:46pm Feb 8, 2010 8:46pm
Quoting Myrza
May the year of the tiger bring loads of green pips..hoping to get my big angpow today..GJ looks ripe for a mini kaboosh
Did someone say year of the tiger?
  • #214,886
  • Feb 8, 2010 9:02pm Feb 8, 2010 9:02pm
Quoting Now
Depends, mine is only 4 pips on average on GBP/JPY (MB Trading).
chart was gbp/chf my spread is 10 on that pair. sorry for the confusion.
  • #214,887
  • Feb 8, 2010 9:06pm Feb 8, 2010 9:06pm
Quoting Eulogy
Did someone say year of the tiger?
woaa...this your year Tiger..best of luck
  • #214,888
  • Feb 8, 2010 9:14pm Feb 8, 2010 9:14pm
Quoting Myrza
woaa...this your year Tiger..best of luck
Tiger Avatar
Chinese
Born in the Year of the Tiger

Check
Check
Check

I'm sweet
  • #214,889
  • Feb 8, 2010 9:22pm Feb 8, 2010 9:22pm
Quoting Eulogy
Tiger Avatar
Chinese
Born in the Year of the Tiger

Check
Check
Check

I'm sweet

Just dont get married this year..they say it is a very bad year to tie the knot
  • #214,890
  • Feb 8, 2010 9:29pm Feb 8, 2010 9:29pm
Quoting Clouds
GU
I took sell
1.5595, SL 1.5604, TP don't care
Good luck guys
My experience on this type of set up is 90% lose, due to the swing up/down and wipe off the SL first. So, what I learnt is than if I were to set SL, it has to been more than 50 pips.
I am side line now, watching and waiting.......
Face both Win and Lose bravely
  • #214,891
  • Feb 8, 2010 9:33pm Feb 8, 2010 9:33pm
Quoting Cowboy11
My experience on this type of set up is 90% lose, due to the swing up/down and wipe off the SL first. So, what I learnt is than if I were to set SL, it has to been more than 50 pips.
I am side line now, watching and waiting.......
Yep. I thought I could get away with that tight of SL, but moved it higher.. Waiting...
  • #214,892
  • Feb 8, 2010 9:38pm Feb 8, 2010 9:38pm
Quoting Clouds
Yep. I thought I could get away with that tight of SL, but moved it higher.. Waiting...
Thing that makes me believe that we will get some sort of bounce is that Cable is currently resting on the LTL of the downward channel. Will need definitive break or we're gonna go up again in the short-term.

Annoyed too that my EN long is refusing to stay above 2.000
  • #214,893
  • Feb 8, 2010 9:40pm Feb 8, 2010 9:40pm
Quoting Clouds
Yep. I thought I could get away with that tight of SL, but moved it higher.. Waiting...
Setting TP 15~20 pips only, you will most likely get it in one of the swing.
Face both Win and Lose bravely
  • #214,894
  • Feb 8, 2010 9:45pm Feb 8, 2010 9:45pm
Quoting Clouds
Yep. I thought I could get away with that tight of SL, but moved it higher.. Waiting...

Look at the rejection at the bottom of the daily inside bar..very high chance price would try to go to .5750
  • #214,895
  • Feb 8, 2010 9:47pm Feb 8, 2010 9:47pm
Quoting Eulogy
Thing that makes me believe that we will get some sort of bounce is that Cable is currently resting on the LTL of the downward channel. Will need definitive break or we're gonna go up again in the short-term.

Annoyed too that my EN long is refusing to stay above 2.000
Maybe so. NZD had same type of channel, and broke below. I think AUD has one as well, and hasn't broken it yet. I imagine when GU, AU, break, the move would be pretty good.
  • #214,896
  • Feb 8, 2010 10:01pm Feb 8, 2010 10:01pm
Rigtt05 say "It's Not WHAT You Think, it's what on the charts."

Act before the chart, the chances of win/lose is 40/60 (include the pip spread, originally is 50/50). Act after the chart the chances can go up to 70/30.
Face both Win and Lose bravely
  • #214,897
  • Feb 8, 2010 10:04pm Feb 8, 2010 10:04pm
Quoting Cowboy11
Rigtt05 say "It's Not WHAT You Think, it's what on the charts."

Act before the chart, the chances of win/lose is 40/60 (include the pip spread, originally is 50/50). Act after the chart the chances can go up to 70/30.
Cowboy, acting after the chart isn't as easy as it looks. Acknowledge differences in opinions but never presume to know how others 'should' trade.

PS. It's spelt "lose" not "loose", and the grammatical structure is not quite right either.
  • #214,898
  • Feb 8, 2010 10:12pm Feb 8, 2010 10:12pm
Quoting ukdaytrader
Any chance this thread can return to trading ideas and analysis please.

The smileys are ever so funny, no matter how many times I see them,
I just don't want to waste any more of my time reading them.

It's bad enough having to skip over the posters I have no interest in reading without having to view the rest of the drivel on each page.

Ta very much. x
..
  • #214,899
  • Feb 8, 2010 10:13pm Feb 8, 2010 10:13pm
H4 chart is side way, D1 chart indicated down. My investing direction is down, right now is correction period, we do not know when it end and by how much.

So I turn to M30 chart, wait for the down sign after up (normally it will go up first before it really come down).
Face both Win and Lose bravely
  • #214,900
  • Feb 8, 2010 10:15pm Feb 8, 2010 10:15pm
Possible H&S Forming in Bear Flag on 15Min.
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