out here.enough fun for one day.
ewokuk, I hope we get close to BE or an area you feel is ok to take an acceptable loss. sometimes is better.
not sure how low we'll drop...
anyway, best of luck.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #217,683
- Mar 8, 2010 12:00pm Mar 8, 2010 12:00pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #217,684
- Mar 8, 2010 12:01pm Mar 8, 2010 12:01pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
EY n GY small short is not bad...n perhaps i can get my swng for GU n EU today 
- #217,685
- Mar 8, 2010 12:09pm Mar 8, 2010 12:09pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Did anyone buy the longs???
i got more at 56
..if scalp should be fine i think..if swing i could start from 0.9500..as am looking for another low ~1.00600-0.98900-0.94600..anyway i could be wrong
http://www.forexfactory.com/showpost...stcount=217340
Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean
quote=grashid;3531834]EY n GY small short is not bad...n perhaps i can get my swng for GU n EU today[/quote]
Dean
quote=grashid;3531834]EY n GY small short is not bad...n perhaps i can get my swng for GU n EU today
[/quote]
- #217,687
- Mar 8, 2010 12:26pm Mar 8, 2010 12:26pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #217,688
- Mar 8, 2010 12:32pm Mar 8, 2010 12:32pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
[quote=dean walker;3531879]Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean
i was one a few hr ago for this small short mate..already mentioned in my blog...n swing short setting on EY is not yet on till i saw 125 area and 138 for GY...
hope this both GU n EU setting will give some good news to me tomorow..and already lock it fo safety reason..hehe
cheers
g
Dean
i was one a few hr ago for this small short mate
..already mentioned in my blog...n swing short setting on EY is not yet on till i saw 125 area and 138 for GY...hope this both GU n EU setting will give some good news to me tomorow..and already lock it fo safety reason..hehe
cheers
g
- #217,689
- Mar 8, 2010 12:36pm Mar 8, 2010 12:36pm
- | Joined Jan 2009 | Status: independent mind | 1,104 Posts
Well id she drops another 30 pis or so it will hit all the TPs and I am out of it..
thanks
Dean
[quote=grashid;3531922]
thanks
Dean
[quote=grashid;3531922]
Well hope your correct. I use my ea mostly to trade the EJ. It makes around 1k a day. However for some reason I became over concerned about the EJ dumping on me and I had all buy trades in and the TP for all of them was 123.29 and at that time we were at 122.89. So I did what I was not suppose to do I went in and put a hedge trade so now the buys all closed out for profit and i need to managed my other sell trades which all have a TP of 122.84.
Dean
i was one a few hr ago for this small short mate
- #217,692
- Mar 8, 2010 1:47pm Mar 8, 2010 1:47pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
If G/U is heading to 1.40 in next weeks, i really want to short it at a good price to capture atleast 1000 pips.
I would consider buying dips on GU instead of shorts. . . As I see 1.53/1.55 next immediate price point. . .
And we shall see 1.53 by end of Q1, 1.60 by end of Q2 and 1.63 by end of Q3. . .
Have u noticed that pin bar on the weekly chart = reversal!
- #217,693
- Mar 8, 2010 2:15pm Mar 8, 2010 2:15pm
- | Joined Jan 2009 | Status: independent mind | 1,104 Posts
- #217,694
- Mar 8, 2010 2:33pm Mar 8, 2010 2:33pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
hmmmmmmmmmm - very interesting. . .
Looking at this weekly chart I see a couple things on this chart worth discussing. . .
1) That big pin bar on the weekly chart that carries significant weight over a daily chart. . .
2) I see 3 clear waves from the swing high to the swing low, in fact if you were to draw a FE Fib we hit FE 1.618 to the pip which would suggest correction to the whole up move. . .
3) Not sure why people on this thread are thinking that the 61.8 support will be taken so easily when it took 15 weeks to get above it. . . (1.4850) area. . .
so. . .
what will we say when price is above the next fib level. . .???
Food for thought!
While "big boys" are accumlating at these level and below many are looking still to short it. . . then when they are ready to spike it 500 pips locking low level shorts in I wonder how many will still be talking shorts. . .
Looking at this weekly chart I see a couple things on this chart worth discussing. . .
1) That big pin bar on the weekly chart that carries significant weight over a daily chart. . .
2) I see 3 clear waves from the swing high to the swing low, in fact if you were to draw a FE Fib we hit FE 1.618 to the pip which would suggest correction to the whole up move. . .
3) Not sure why people on this thread are thinking that the 61.8 support will be taken so easily when it took 15 weeks to get above it. . . (1.4850) area. . .
so. . .
what will we say when price is above the next fib level. . .???Food for thought!
While "big boys" are accumlating at these level and below many are looking still to short it. . . then when they are ready to spike it 500 pips locking low level shorts in I wonder how many will still be talking shorts. . .
- #217,695
- Mar 8, 2010 3:07pm Mar 8, 2010 3:07pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Here's how it looks to me right now. Until we break the last high, I won't consider a long bias. Saying that, I am accumulating very small GY longs as price has fallen.
BUT, these 2 4hr charts tell me the probability of more downside outweighs upside right now.
Chart 1
Chart 2
The trip north won't be straightforward IMO and low volumes last week do not make me believe there was 'major' accumulation.
There was though increased buying volume keeping price above the DPP, but this hasn't moved the price an awful lot. Let's see, keeping flexible.
BUT, these 2 4hr charts tell me the probability of more downside outweighs upside right now.
Chart 1
Chart 2
The trip north won't be straightforward IMO and low volumes last week do not make me believe there was 'major' accumulation.
There was though increased buying volume keeping price above the DPP, but this hasn't moved the price an awful lot. Let's see, keeping flexible.
- #217,696
- Mar 8, 2010 3:17pm Mar 8, 2010 3:17pm
- | Joined Jan 2009 | Status: independent mind | 1,104 Posts
- #217,698
- Mar 8, 2010 3:54pm Mar 8, 2010 3:54pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Hello Mate,
you dont have fibo 50 level in your levels but if you add it you will find the on the daily wave we facing fibo 50% at same weekly wave fibo 50% also!, well no confirmation for bullish or advice I just explain to King fisher who was looking to pick a good bearish trend.
you expect GBP strength ?, I read in news yesterday that growing ratio of economy in UK expected to be 1% only when it was mostly 2% so in long term i think the Qs quarts will be bullish for GBP/XXX...
U see that pin bar on the weekly chart draw a fib from the hi to the low of that candle. . .
I expect a 61.8-78.6 retrace of that pin then we will spike up from there to my 1st target 1.550 area. . . with a pitstop at 1.5340 area. . .
Lets see how it plays this week in to the next. . .
Stay-tuned!
- #217,700
- Mar 8, 2010 4:12pm Mar 8, 2010 4:12pm
Here is what I expect this week on GU while u are waiting on your crystal ball. . .
U see that pin bar on the weekly chart draw a fib from the hi to the low of that candle. . .
I expect a 61.8-78.6 retrace of that pin then we will spike up from there to my 1st target 1.550 area. . . with a pitstop at 1.5340 area. . .
Lets see how it plays this week in to the next. . .
Stay-tuned!