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

  • #214,921
  • Feb 9, 2010 1:49am Feb 9, 2010 1:49am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Myrza
he is just showing off
GBP trade balance in more or less 1h45 min will be the show-off or show-on.




Keep trailing SL.
Being right is one, taking it from the table is two.
  • #214,922
  • Feb 9, 2010 1:50am Feb 9, 2010 1:50am
Quoting Now
GBP trade balance in more or less 1h45 min will be the show-off or show-on.




Keep trailing SL.
gl
  • #214,923
  • Feb 9, 2010 1:51am Feb 9, 2010 1:51am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
your point?
I guess you mean "entry-point"?

Watch screenshot for that

Being right is one, taking it from the table is two.
  • #214,924
  • Feb 9, 2010 1:55am Feb 9, 2010 1:55am
Quoting Now
I guess you mean "entry-point"?

Watch screenshot for that

i was more interested in your thought process.
don't really care about your entry, tp, and sl, or how much you are in profit.
after all.... it's your trade.

this thread used to be a great place to share each others point of view with reasons so everyone can learn.
  • #214,925
  • Feb 9, 2010 1:56am Feb 9, 2010 1:56am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
i was more interested in your thought process.
don't really care about your entry, tp, and sl, or how much you are in profit.
after all.... it's your trade.
Here you go:

http://www.forexfactory.com/showpost...stcount=214949

Nice correlation.

Being right is one, taking it from the table is two.
  • #214,926
  • Feb 9, 2010 1:59am Feb 9, 2010 1:59am
Quoting Now
Here you go:

http://www.forexfactory.com/showpost...stcount=214949

Nice correlation.

why at 141.20 and 143?
  • #214,927
  • Feb 9, 2010 2:05am Feb 9, 2010 2:05am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
why at 141.20 and 143?
141.20 is just under R3 of 141.40, after that there is nothing really in its way to stop it, target 143 comes close to the 200 MA.
Being right is one, taking it from the table is two.
  • #214,928
  • Feb 9, 2010 2:06am Feb 9, 2010 2:06am
Quoting Now
141.20 is just under R3 of 141.40, after that there is nothing really in its way to stop it, target 143 comes close to the 200 MA.
thanks
  • #214,929
  • Feb 9, 2010 2:09am Feb 9, 2010 2:09am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
At that level, 200MA, hegde funds and the likes might start to buy-in or sell-into the move.

Am eying GBP trade balance release in 1h20min, could shake the trade upside down.
Being right is one, taking it from the table is two.
  • #214,930
  • Feb 9, 2010 2:11am Feb 9, 2010 2:11am
Quoting Now
At that level, 200MA, hegde funds and the likes might start to buy-in or sell-into the move.
if that happens then do you have if, then, else plan? i'm just asking out of curiosity.

one more thing, do you swing? scalp? or both?
  • #214,931
  • Feb 9, 2010 2:14am Feb 9, 2010 2:14am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
if that happens then do you have if, then, else plan? i'm just asking out of curiosity.
Will take profit by that time on my original position, will be on the side-lines but will have placed a buy-stop or sell-stop open order.
Being right is one, taking it from the table is two.
  • #214,932
  • Feb 9, 2010 2:16am Feb 9, 2010 2:16am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
UK open is not yet buying into the move yet. Things might get nasty. PA looks very nervous, indecision
Being right is one, taking it from the table is two.
  • #214,933
  • Feb 9, 2010 2:17am Feb 9, 2010 2:17am
Quoting Now
Will take profit by that time on my original position, will be on the side-lines but will have placed a buy-stop or sell-stop open order.
but how do you know which direction the market will take?
if you are placing buy or sell stop?

do you place them both? so whichever the direction market will take will fill in the order that gets hit first?
  • #214,934
  • Feb 9, 2010 2:20am Feb 9, 2010 2:20am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
if that happens then do you have if, then, else plan? i'm just asking out of curiosity.

one more thing, do you swing? scalp? or both?
Most of my trades are swing/position trades, I trade normally not less then 1H timeframe. Position can be open from 1H upto several days or weeks.

(I scalp when I get bored, that is the time that I make most of my losses)
So yes, I dropped scalping.
Being right is one, taking it from the table is two.
  • #214,935
  • Feb 9, 2010 2:20am Feb 9, 2010 2:20am
Quoting Now
UK open is not yet buying into the move yet. Things might get nasty. PA looks very nervous, indecision
Retracements are good for the proces, imo this is not the time for scalping take some pills and don't look at PA too much
Don't be a hero. Don't have an ego. Always question yourself
  • #214,936
  • Feb 9, 2010 2:24am Feb 9, 2010 2:24am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
but how do you know which direction the market will take?
if you are placing buy or sell stop?

do you place them both? so whichever the direction market will take will fill in the order that gets hit first?
It will depend on PA of that moment, market sentiment, fundamentals, technicals etc.
I will trade/bet only one direction. I do not straddle, that is more for gamblers.
Being right is one, taking it from the table is two.
  • #214,937
  • Feb 9, 2010 2:25am Feb 9, 2010 2:25am
Not liking the look of that last hourly close..indecisive. Closing all my long post..will wait patiently for a good buy entry later
  • #214,938
  • Feb 9, 2010 2:27am Feb 9, 2010 2:27am
Quoting Now
It will depend on PA of that moment, market sentiment, fundamentals, technicals etc.
I will trade/bet only one direction. I do not straddle, that is more for gamblers.
thanks for sharing.
hope i do see your posts in the future.
would be very interested in seeing some of your thought process.

happy pipping.
  • #214,939
  • Feb 9, 2010 2:27am Feb 9, 2010 2:27am
Quoting pkimnyc
but how do you know which direction the market will take?
if you are placing buy or sell stop?

do you place them both? so whichever the direction market will take will fill in the order that gets hit first?

sounds like that to me. so whichever gets hit first, you manage the trade accordingly. how clever!
  • #214,940
  • Feb 9, 2010 2:33am Feb 9, 2010 2:33am
Took A Small Short To 138.90

* Never Trust To Any Indicator *
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