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

  • #221,461
  • Apr 19, 2010 6:40pm Apr 19, 2010 6:40pm
... noob here too, funny we trade similarly.

I can't decide on this baby yet... charts a bit conflicting right now, waiting for less indecision.

Quoting Scrat
well i couldn't care less because my goal is to ride the trend and book as much profit as i can. but then again... i don't have tons of experience
check out my blog: forexmademillionaire dot com
  • #221,462
  • Apr 19, 2010 6:53pm Apr 19, 2010 6:53pm
Quoting jgospoda
I'm short again at 141.76....looking for 25-40 pips....or more!
Man you guys are crazy... I much prefer putting a zero at the end of each of those profit goals
check out my blog: forexmademillionaire dot com
  • #221,463
  • Apr 19, 2010 6:59pm Apr 19, 2010 6:59pm
see, you can't decide. definitely nooby.

anyway the chart is a mess. it's retracing now and it should "range" between 142.80/143.16 and 140.55. there is no clear direction yet.

Quoting Geppy
... noob here too, funny we trade similarly.

I can't decide on this baby yet... charts a bit conflicting right now, waiting for less indecision.
Nihil Sine Deo.
  • #221,464
  • Apr 19, 2010 7:01pm Apr 19, 2010 7:01pm
see, you can't decide. definitely nooby.

anyway the chart is a mess. it's retracing now and it should "range" between 142.80/143.16 and 140.55. there is no clear direction yet. possible long if 140.55 is reached... possible short if 142.80/143.16 is reached...

Quoting Geppy
... noob here too, funny we trade similarly.

I can't decide on this baby yet... charts a bit conflicting right now, waiting for less indecision.
Nihil Sine Deo.
  • #221,465
  • Apr 19, 2010 7:03pm Apr 19, 2010 7:03pm
Quoting plucker01
sorry, typo .... 142.50
dude you got me checking my charts for 10 minutes trying to understand where and why this happend ha! thanks for clarifying...pheeeww!!

  • #221,466
  • Apr 19, 2010 7:04pm Apr 19, 2010 7:04pm
Quoting Scrat
see, you can't decide. definitely nooby.

anyway the chart is a mess. it's retracing now and it should "range" between 142.80/143.16 and 140.55. there is no clear direction yet. possible long if 140.55 is reached... possible short if 142.80/143.16 is reached...
Yeah that's kinda what I'm seeing right now... definitely need to see some consolidation. Resistance is near, but I don't feel we're ready to drop again yet... it's the waiting game for now which is fine by me as long as we set ourselves up for a good sized move by Thursday or so.
check out my blog: forexmademillionaire dot com
  • #221,467
  • Apr 19, 2010 7:09pm Apr 19, 2010 7:09pm
Also... although I'km getting ahead of myself here, IF we drop and crack through 139.00 that's also the 4H 200sma which I see as quite significant. Doing a premature fib extension right now would target 136.20 or so...

Just food for thought.
check out my blog: forexmademillionaire dot com
  • #221,468
  • Apr 19, 2010 7:10pm Apr 19, 2010 7:10pm


Quoting Geppy
Yeah that's kinda what I'm seeing right now... definitely need to see some consolidation. Resistance is near, but I don't feel we're ready to drop again yet... it's the waiting game for now which is fine by me as long as we set ourselves up for a good sized move by Thursday or so.
Nihil Sine Deo.
  • #221,469
  • Apr 19, 2010 7:37pm Apr 19, 2010 7:37pm
Hate to jinx myself but purely imo this upward pa looks tired. If it would just do a simple 20 pip retrace it could go up easier I think but it refuses.

Going to hold this short from 75 just a little longer.
  • #221,470
  • Apr 19, 2010 8:17pm Apr 19, 2010 8:17pm
Watch out for the move to 141.60 and then a push to 143.00.

Looking a bit suspect.

NM
  • #221,471
  • Apr 19, 2010 9:17pm Apr 19, 2010 9:17pm
Add another short position for G/J. Is it ok, everyone?
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
  • #221,472
  • Apr 19, 2010 9:25pm Apr 19, 2010 9:25pm
I closed my long at 1.42 several hours ago and put an if done to buy again
@ 1.41.
  • #221,473
  • Apr 19, 2010 9:28pm Apr 19, 2010 9:28pm
Looking like a false break on JP index H4..looking good to short again...BUT 141.6 is key today. A good and convincing break of 141.6 I am out of my longs and into shorts
  • #221,474
  • Apr 19, 2010 10:09pm Apr 19, 2010 10:09pm
Quoting Myrza
Looking like a false break on JP index H4..looking good to short again...BUT 141.6 is key today. A good and convincing break of 141.6 I am out of my longs and into shorts

Careful shorts...no confirmation yet. abreak of Jp ltl we will see 143xx. We are in a tight spot now...
Attached Image (click to enlarge)
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  • #221,475
  • Apr 19, 2010 10:40pm Apr 19, 2010 10:40pm
This question is for traders that have continously grown their account... What do you think is more accurate. Technical or Fundamental analysis or both? Why?

I am new and I really would like to hear some sincere and contructive feed back from those that are willing to help others like myself to become better Forex Traders.
Luck has no place in trading. Leave that for the poker table.
  • #221,476
  • Apr 19, 2010 10:46pm Apr 19, 2010 10:46pm
Quoting Pair-me-up
This question is for traders that have continously grown their account... What do you think is more accurate. Technical or Fundamental analysis or both? Why?

I am new and I really would like to hear some sincere and contructive feed back from those that are willing to help others like myself to become better Forex Traders.
Well in my humble opinion you cant trade one without the other... I tend to follow technicals 90% of the time and add only 10% when the indicators come out like NFP which really moves the market or interest rates announcements.... I use 8 charts per currency 5 m 15m 30m 1h 2h 4h day and week all with moving averages and stochastics this way i know when a cureency will do certain moves like corrections and retracements.

but this forum is great because like me I am more prone to use technicals is good to hear the opinion of teh fundamentalist traders...

  • #221,477
  • Apr 19, 2010 10:56pm Apr 19, 2010 10:56pm
Quoting Pair-me-up
This question is for traders that have continously grown their account... What do you think is more accurate. Technical or Fundamental analysis or both? Why?

I am new and I really would like to hear some sincere and contructive feed back from those that are willing to help others like myself to become better Forex Traders.


Depends on the type of trader you are. I am a 4 hourly swinger and will try to catch every intraday swings..I dont care where the currency is going and tend to ignore funnymentals.
  • #221,478
  • Apr 19, 2010 10:58pm Apr 19, 2010 10:58pm
Quoting Myrza
Depends on the type of trader you are. I am a 4 hourly swinger and will try to catch every intraday swings..I dont care where the currency is going and tend to ignore funnymentals.
So Myrza, GBPJPY seems to be on a sideways move now, difficult to decide which way it is going to break.
  • #221,479
  • Apr 19, 2010 11:04pm Apr 19, 2010 11:04pm
Quoting cerevante
So Myrza, GBPJPY seems to be on a sideways move now, difficult to decide which way it is going to break.

I dont know actually..2 important levels now..upper fractal 142.02 and lower at 141.6. Convincing break of these levels will decide our movement. Still holding my longs.
  • #221,480
  • Apr 19, 2010 11:05pm Apr 19, 2010 11:05pm
Quoting Myrza
I dont know actually..2 important levels now..upper fractal 142.02 and lower at 141.6. Convincing break of these levels will decide our movement. Still holding my longs.
i gave up my longs at +39pips, off to bed now.
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