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

  • #215,781
  • Feb 16, 2010 10:18pm Feb 16, 2010 10:18pm
Quoting rgitt05
Why are you forcing a trade? The PA haven't hit a major resistance level.

Patience

personaly i think he made a very good trade. very little risk HUGE REWARD 61.8 dead on in a bear flag is a VERY STRONG REVERSAL area.
  • #215,782
  • Feb 16, 2010 10:23pm Feb 16, 2010 10:23pm
there's a rumour atm that Morgan Stanley will hand over a $2.4 billion Japanese hotel chain to its creditors due to its reluctance to post more collateral on the declining asset.
  • #215,783
  • Feb 17, 2010 12:43am Feb 17, 2010 12:43am
Quoting Allseeingeye
personaly i think he made a very good trade. very little risk HUGE REWARD 61.8 dead on in a bear flag is a VERY STRONG REVERSAL area.
I don't think we have a bear flag here. Its more like an ascending triangle.
Attached Image (click to enlarge)
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,784
  • Feb 17, 2010 12:58am Feb 17, 2010 12:58am
Hi Rgitt,

U r definatlety a MAADDD trader...

Can you see a good entry for long (if there will even be a retractment)? And what is your target for the upside move?

Appreciate your help and insight bro.
Thanks.
  • #215,785
  • Feb 17, 2010 1:03am Feb 17, 2010 1:03am
Quoting KillerWhale
I don't think we have a bear flag here. Its more like an ascending triangle.
if this is a triangle then i must go back to kindergarten
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  • #215,786
  • Feb 17, 2010 1:34am Feb 17, 2010 1:34am
Quoting Allseeingeye
if this is a triangle then i must go back to kindergarten
If we all saw the same thing there would be no money to be made, difference of opinion helps to makes the market what it is. Always good to see two sides of the same coin I say..
  • #215,787
  • Feb 17, 2010 1:39am Feb 17, 2010 1:39am
Quoting uksnowman
If we all saw the same thing there would be no money to be made, difference of opinion helps to makes the market what it is. Always good to see two sides of the same coin I say..
it appears down now, the breakout traders have already taken shorts.
besides, GJ is in a channel that everybody can see.
  • #215,788
  • Feb 17, 2010 2:00am Feb 17, 2010 2:00am
Quoting Allseeingeye
if this is a triangle then i must go back to kindergarten
Well, I'm glad I'm long, I wish you success with your bear flag.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,789
  • Feb 17, 2010 2:04am Feb 17, 2010 2:04am
Trend is your friend..

Maybe an eye test will help you see things better..

I warned many times to not take a short.



Quoting Allseeingeye
if this is a triangle then i must go back to kindergarten
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  • #215,790
  • Feb 17, 2010 2:14am Feb 17, 2010 2:14am
I posted earlier to target 143.50 -144.00 zone for now..

All last week the 144.0 zone held up as a support and now it is a resistance..

Good Luck to the newbies with their shorts..

Back to bed...

Trend is your friend..




Quoting PIP Lover
Hi Rgitt,

U r definatlety a MAADDD trader...

Can you see a good entry for long (if there will even be a retractment)? And what is your target for the upside move?

Appreciate your help and insight bro.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: chart#3.gif Size: 39 KB
[
  • #215,791
  • Feb 17, 2010 2:17am Feb 17, 2010 2:17am
OK, we're now at 143, key level. A retracement to here was highly expected. Not sure why people think we'll see 147-148 now? Looking at all the Yen pairs on the 4hr TF, they do not look bullish to me.

We'll see of course, but a pretty significant retracement back down has to play out if higher prices are to be realised IMO.
  • #215,792
  • Feb 17, 2010 2:21am Feb 17, 2010 2:21am
Quoting rgitt05
I posted earlier to target 143.50 -144.00 zone for now..

All last week the 144.0 zone held up as a support and now it is a resistance..

Good Luck to the newbies with their shorts..

Back to bed...

Trend is your friend..


omg gj at 143 so fast?
MY OPINION NOT FINANCIAL ADVISE
  • #215,793
  • Edited 2:41am Feb 17, 2010 2:23am | Edited 2:41am
Quoting ukdaytrader
OK, we're now at 143, key level. A retracement to here was highly expected. Not sure why people think we'll see 147-148 now? Looking at all the Yen pairs on the 4hr TF, they do not look bullish to me.

We'll see of course, but a pretty significant retracement back down has to play out if higher prices are to be realised IMO.
This 4 hr Candle will decide what to do short/long,,IMO... Bearish Divergence is Massive..

I already shorted it at 142.91...SL at 143.32

My first trade after 10 days...

Notice Many like to be invisible here these Days...lol..
Markets are not Random, they are designed!
  • #215,794
  • Feb 17, 2010 2:24am Feb 17, 2010 2:24am
OMG, a newbie come over here crying over ego..I've been a member since 2005 and I see the same mistakes over and over again.. I guess I bought my vouchers to brag about my trades...You keep posting fuzzy charts that look crap.. I don't have to be real serious since trading for me is fun...I trade for a living and I laugh at people like yourself who comes in here posting crap about ego and posting funny charts...I am only serious when I have to wire money to my account..

Good Luck..



Quoting Allseeingeye
read my original post & you just might get what trading is about but i see you guys for 6 months now its about ego & your funny comments thats how serious about trading you all are. plus you have your gang mentality & you all critisize & never study a real trade. "my bear flag" is vaid till it breaks 78.6 fib & i "manage" my trade meaning im not blind or one minded but im still biased tio short after closing my longs at or near 78.6 fib 143.76
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  • #215,795
  • Feb 17, 2010 2:25am Feb 17, 2010 2:25am
Quoting ukdaytrader
OK, we're now at 143, key level. A retracement to here was highly expected. Not sure why people think we'll see 147-148 now? Looking at all the Yen pairs on the 4hr TF, they do not look bullish to me.

We'll see of course, but a pretty significant retracement back down has to play out if higher prices are to be realised IMO.

maybe but higher tf still demand for more up...if u look at ur 4hrs chart we had high volume on 4hrs chart ..not ultra high with wide spread...indicate full buyers IMO...
MY OPINION NOT FINANCIAL ADVISE
  • #215,796
  • Feb 17, 2010 2:26am Feb 17, 2010 2:26am
Quoting rgitt05
OMG, a newbie come over here crying over ego..I've been a member since 2005 and I see the same mistakes over and over again.. I guess I bought my vouchers to brag about my trades...You keep posting fuzzy charts that look crap.. I don't have to be real serious since trading for me is fun...I trade for a living and I laugh at people like yourself who comes in here posting crap about ego and posting funny charts...I am only serious when I have to wire money to my account..

Good Luck..

and i bet your serious at least 2 times a month lol
  • #215,797
  • Feb 17, 2010 2:33am Feb 17, 2010 2:33am
Many traders stopped posting here because of newbies like yourself warning people about trading without a merit..You said on your post that the short was valid...Great advice...

I hope the newbies don't follow your charts..



Quoting Allseeingeye
and i bet your serious at least 2 times a month lol
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  • #215,798
  • Feb 17, 2010 2:40am Feb 17, 2010 2:40am
Quoting donfriday
enjoy u are ur trading...i doubt if u dont receive infraction in next few min..
He has a point though to be fair. There is too much ego and 'bullying' here sometimes. And the 'funny' pictures just aren't funny; they merely cheapen what is a good thread.

Sure the trend is long, but building shorts is equally valid IMO.

We'll see soon enough.....
  • #215,799
  • Feb 17, 2010 2:50am Feb 17, 2010 2:50am
Quoting ukdaytrader
He has a point though to be fair. There is too much ego and 'bullying' here sometimes. And the 'funny' pictures just aren't funny; they merely cheapen what is a good thread.

Sure the trend is long, but building shorts is equally valid IMO.

We'll see soon enough.....

i think we trading to share the major trend and as we said since last week we are in full retracement to 143 but due to range market it took a while and now that 141.30 is broken ....follow the market dont follow the crowd this is self business and as i joined this room i was only interested in learning not to invade in what others are doing .......sorry about the funny posters but i know u need to kill time sometime, there is life after death..
i often see gann on ur chart but not sure why u dont follow the rules..this is PA above daily gann tell trend is up below weekly gann trend is down so enjoy the retracement then we sell again..
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MY OPINION NOT FINANCIAL ADVISE
  • #215,800
  • Feb 17, 2010 2:50am Feb 17, 2010 2:50am
It is really not about bullying but newbies screaming about their trades without a long history for others to recognized..If this FF have to be real serious than most people will cry about their margin call everytime..I know many people in the brokers business that tells me about the many margin calls from the office..Their are many lost traders losing their money everytime..I am sure the 90-95% losing traders are not here trading..

The funny pictures are just for pasting time..If you want a good FF, than pay for it..You get what you pay for which is FREE public advice..

People complain about this FF and never contribute not a single good chart setup...

Search the website and you will find nothing as open about trading as this Forum.. If you find a better Forum, than goodbbye and leave the board..This is a FREE Forum so many different levels of traders will post here..





Quoting ukdaytrader
He has a point though to be fair. There is too much ego and 'bullying' here sometimes. And the 'funny' pictures just aren't funny; they merely cheapen what is a good thread.

Sure the trend is long, but building shorts is equally valid IMO.

We'll see soon enough.....
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