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

  • #219,601
  • Mar 26, 2010 9:28pm Mar 26, 2010 9:28pm
Quoting Raza
Good advise... to go back and study...Thanks.

Is this what you do Full time..? Trading...

When I said This is the Last one for you PK..I meant EUR/ AUDs last chart on G/J forum...

Did Not mean to say for YOU.....(Went back and read my own post..)
no need for me to do full time trading. just need to study the chart when i come home. time is very flexible for me these days.
i'm only taking couple of trades per week these days.
  • #219,602
  • Mar 27, 2010 12:13am Mar 27, 2010 12:13am
The trend is down and the completion of the 08 correction must be realized. For this to happen GY must get back up to its w1 50 ema, it is badly oversold and cannot realize the pa needed to go down now.

GY just made it past d1 35 sma, it also has multiple bear rejections on h4.

140 sometime tuesday and then onward and upward to full correction. May not be an impulsive move except at certain times. GU is in a similar condition with even more upward potential and has failed several times to make new lows.


gbpusdtarget 1.60721176 pipsbuy at 1.4845
gbpjpytarget 147.941015 pipsbuy at 137.50


just the way i see it, we shall see, i feel the pa is impatient to correct and is going to get back to a solid average to make a bigger push down with.
Attached Image
  • #219,603
  • Mar 27, 2010 12:57am Mar 27, 2010 12:57am
Quoting wormboy
nice bedtime story
Thanks
  • #219,604
  • Mar 27, 2010 1:10am Mar 27, 2010 1:10am
in case you didn't notice... it IS already correcting.

also, check this out - daily shows a very nice hidden bearish divergence = trend continuation. which is DOWN, as you already mentioned.

by the way, do you see any regular bullish divergence for the last low @ 131.99? i don't. well, this means that most probably another low is in cards and this should happen before any significant correction to the upside.

i find your 148 very hard to believe. but we'll see, nothing is impossible.

Quoting Cod
The trend is down and the completion of the 08 correction must be realized....
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Nihil Sine Deo.
  • #219,605
  • Mar 27, 2010 1:32am Mar 27, 2010 1:32am
and pound looks even better. there... hidden bearish divergences season, isn't it? it's so full of them!

before considering going long for a significant retrace, i would like to see a hidden bullish divergence. just a small one. and then, at least one regular bearish to confirm me that trend has changed to bullish.

better wait for confirmation before going long.
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Nihil Sine Deo.
  • #219,606
  • Mar 27, 2010 2:31am Mar 27, 2010 2:31am
Quoting deenshah
well pkimnyc, i started out with $1000 USD and grow it for 2 months with of course proper money management... if you are to hungry for success and without proper money management, the market will sliced you to pieces.. have a proper strategy and discipline when trading.. my profit take is only 30 pips.. more than that is a bonus for me...set a target and grow you capital then once it is enough you trade big like 10 or 15 lots and your target pips and buzz off..
Question: Making like $4000 to $6000 a day enough for you?
Well my friend, trade smartly.....


Wot!!!!? In 2 months, (using proper mm), you grew a thousand buck account into a multi-lot trade account?

I hate reading nonsense like this. Lying on the Internet is for 12 yr olds.
Are you 12?
  • #219,607
  • Mar 27, 2010 4:56am Mar 27, 2010 4:56am
Dear Scrat.

I would like to publish into Forex Factory Forum a threat,
an announcement for offer to traders.

Therefore I would like to know
which person of Administration of Forex Factory Forum is competent,
to give me permission for a announcement for offer to traders.

Thank you for your attention.

Cheers.
  • #219,608
  • Mar 27, 2010 6:40am Mar 27, 2010 6:40am
Quoting Scrat
in case you didn't notice... it IS already correcting.

also, check this out - daily shows a very nice hidden bearish divergence = trend continuation. which is DOWN, as you already mentioned.
I see a similar divergence on your chart from November 5 to early December. this could go either way. "Wait & see" seems prudent for now.
  • #219,609
  • Mar 27, 2010 6:58am Mar 27, 2010 6:58am
I just went back from dec 09 to the present day this pair moves the greatest pips on tuesday and wednesday (trend established).Using tkimbles old strategy 50 pips above open long 50 pips below short on the daily chart.
  • #219,610
  • Mar 27, 2010 8:54am Mar 27, 2010 8:54am
With Friday's close, both the Tenkin-sen & Kijun-sen became support. Also the Daily Ichi may flip to "weak bullish" by mid-week. All advice greatly appreciated.
  • #219,611
  • Mar 27, 2010 11:26am Mar 27, 2010 11:26am
Quoting Scrat

i find your 148 very hard to believe. but we'll see, nothing is impossible.
Ya, I don't know either, that would definitely be the top of a correction. I think it is highly possible maybe not all this week and some into next week. I think it wants to go down very badly but can't do it because of being overextended.

It is at least a spirited and convicted outlook and not wishy washy!

So a new low for GU would either be below 1.4871 or 1.4781, I'll be watching it closely at either of those levels. Not sure if I want to take any positions on the way down to there or not.
  • #219,612
  • Mar 27, 2010 1:17pm Mar 27, 2010 1:17pm
Quoting monikroc
I just went back from dec 09 to the present day this pair moves the greatest pips on tuesday and wednesday (trend established).Using tkimbles old strategy 50 pips above open long 50 pips below short on the daily chart.
Never heard of tkimbles strategy but looking at charts that has a high rate of success.
  • #219,613
  • Mar 27, 2010 4:29pm Mar 27, 2010 4:29pm
Well i will not call it rubbish or a treasure found but what I can say for sure the theory he is speaking about is proven 100%.

If you can just have a goal for 30 pips per day and you just leave the balance in your account to compound even on a .1 lot size you will make hundreds of thousands each year.

Most traders never trade like this. Most traders cannot trade like this, most traders cannot even think like this and most traders loose than win because of this fact.

30 pips is not a hard pick up if you wait your time during the day you will know when it's right to pick up those pips do that every day for a month then look and see what your account balance it..
Dean




Quoting ukdaytrader


Wot!!!!? In 2 months, (using proper mm), you grew a thousand buck account into a multi-lot trade account?

I hate reading nonsense like this. Lying on the Internet is for 12 yr olds.
Are you 12?
  • #219,614
  • Mar 27, 2010 4:53pm Mar 27, 2010 4:53pm
Quoting dean walker
Well i will not call it rubbish or a treasure found but what I can say for sure the theory he is speaking about is proven 100%.

If you can just have a goal for 30 pips per day and you just leave the balance in your account to compound even on a .1 lot size you will make hundreds of thousands each year.

Most traders never trade like this. Most traders cannot trade like this, most traders cannot even think like this and most traders loose than win because of this fact.

30 pips is not a hard pick up if you wait your time during the day you will...
No, it's rubbish.
  • #219,615
  • Mar 27, 2010 5:48pm Mar 27, 2010 5:48pm
I think they are saying if it grew that fast then by definition good MM was not followed. Not really much to argue about there.
  • #219,616
  • Mar 27, 2010 6:37pm Mar 27, 2010 6:37pm
Lol oops my bad yeah I guess that would only work if you had a time machine.
Thanks
Dean




Quoting ukdaytrader
No, it's rubbish.
  • #219,617
  • Mar 28, 2010 4:25am Mar 28, 2010 4:25am
Quoting dean walker
Well i will not call it rubbish or a treasure found but what I can say for sure the theory he is speaking about is proven 100%.

If you can just have a goal for 30 pips per day and you just leave the balance in your account to compound even on a .1 lot size you will make hundreds of thousands each year.

Most traders never trade like this. Most traders cannot trade like this, most traders cannot even think like this and most traders loose than win because of this fact.

30 pips is not a hard pick up if you wait your time during the day you...

30pips per day depend on ur account size trades with low equity need huge pips to grow their acc ...but i agreed to 30pips pair day but all depend.
MY OPINION NOT FINANCIAL ADVISE
  • #219,618
  • Mar 28, 2010 11:07am Mar 28, 2010 11:07am
does anyone else see this or is it just me?

Potential breakout, in my opinion. I am talking about the sym triangle.
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  • #219,619
  • Mar 28, 2010 2:23pm Mar 28, 2010 2:23pm
Kudos to all who held their E/U longs and didnt follow the herd 1.35 hit - kaching! ) But this ''gap up'' probably means that we are going to move higher, Initially we could see 1.38 which is the level from where we went down to 1.33 and the possibly after some consolidation move towards 1.4 and higher..

on the other hand this could be shakeout of weak shorts, just need to see what will sessions with good volume bring us in the near future.
  • #219,620
  • Mar 28, 2010 2:33pm Mar 28, 2010 2:33pm
Quoting lexazver
Kudos to all who held their E/U longs and didnt follow the herd 1.35 hit - kaching! ) But this ''gap up'' probably means that we are going to move higher, Initially we could see 1.38 which is the level from where we went down to 1.33 and the possibly after some consolidation move towards 1.4 and higher..

on the other hand this could be shakeout of weak shorts, just need to see what will sessions with good volume bring us in the near future.
It will probably go up until everyone and their dog is going long and then drop like a stone.
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