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

  • #226,541
  • May 27, 2010 1:39pm May 27, 2010 1:39pm
Quoting fullhouse
the bankers and elephants place all there entries at supp/ress levels.(ESPECIALLY UNTESTED LEVELS)

thay placed there orders weeks before,even months before it triggered if its an untested level ..you will see at 123.80 when ever we hit that level,how will it bounce ...there lay millions of $$ already at that level aswell at 118 and so on and so on... i tihnk a bundle of shorts will triggered aT 133.10 and bring it down...or it might not,and the bigger elephants chasing 134.80 level ..but we will see ...we can only enter if the orders is triggered...
yes....
Markets are not Random, they are designed!
  • #226,542
  • May 27, 2010 1:42pm May 27, 2010 1:42pm
Quoting uncletrumpet
How do u know where price is going?

the most obviuos supp/ress level is the strongest level .... dont try to look for unsure levels,,use the obv ones ..

look at aud/usd ,,isnt that look like a obv ress at 0.8575 ? on daily/weekly? but i do see it go above later on ,,but back down to 0.83 is my view then up we go again to the ULTIMATE RESS LEVEL ,where all the huge players waiting...they already placed it ,,the smaller ones chasing now that level and then both groups sell at that level...its my personal story how i can tell it ....

the real ress level is 0.87 or 0.88..im not sure wich one,,but ill take the lower one ,,for a drop later to the untested seupp at the bottom at 0.72,,where they will chase it to ,,then they all waiting again at 0.72...and so on....

trading is ONLY SUPP AND RESS LEVELS..
  • #226,543
  • May 27, 2010 1:44pm May 27, 2010 1:44pm
I am getting what you are saying where are your trading style from? let me Know plssssss

Quoting fullhouse
the bankers and elephants place all there entries at supp/ress levels.(ESPECIALLY UNTESTED LEVELS)

thay placed there orders weeks before,even months before it triggered if its an untested level...
  • #226,544
  • May 27, 2010 1:47pm May 27, 2010 1:47pm
Quoting uncletrumpet
We shall see 126.73 before the US close on friday, mark my words, my short is still in place.
Here is to hoping you closed your short.
Dr. C
  • #226,545
  • May 27, 2010 1:50pm May 27, 2010 1:50pm
I lost over 90% of my account to that, this is the 6th margin call. i always trade well with demo and my live account goes in red what is happening.

My demo went up to 300% in a month my live account went up 100% to weeks but I have lost all again.

Quoting cvcamper
Here is to hoping you closed your short.
  • #226,546
  • May 27, 2010 1:53pm May 27, 2010 1:53pm
Quoting uncletrumpet
I lost over 90% of my account to that, this is the 6th margin call. i always trade well with demo and my live account goes in red what is happening.

My demo went up to 300% in a month my live account went up 100% to weeks but I have lost all again.
Learn money management before you start trading again.
Trade what you see, not what you think.
  • #226,547
  • May 27, 2010 1:55pm May 27, 2010 1:55pm
Evening Star on 1 hR...Interesting....
Markets are not Random, they are designed!
  • #226,548
  • May 27, 2010 1:57pm May 27, 2010 1:57pm
I was increasing my lot sizes as the account grows. My demo is still up by over 150% but my live is dead now. I was still in gain even with the draw down of minus 300 pips yet i did not close till it went to 500 pips against me

Quoting karmostaji
Learn money management before you start trading again.
  • #226,549
  • May 27, 2010 1:58pm May 27, 2010 1:58pm
Well it was a nice run up, but I've consulted my trusty trading guru and he says it's ALL over.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #226,550
  • May 27, 2010 2:01pm May 27, 2010 2:01pm
LOL... I love it!


Quoting profxtrader
Well it was a nice run up, but I've consulted my trusty trading guru and he says it's ALL over.

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check out my blog: forexmademillionaire dot com
  • #226,551
  • May 27, 2010 2:04pm May 27, 2010 2:04pm
Quoting Geppy
LOL... I love it!
But seriously. The ride is over. Please get off to the right and follow the stairs to the exit.
Every time you use 'hopium' in a post, God kills a kitten.
  • #226,552
  • May 27, 2010 2:05pm May 27, 2010 2:05pm
Quoting Raza
Evening Star on 1 hR...Interesting....
Too soon to say ..But if This H&s on 1 Hr plays ...Target is 128.50...Then Buy from There....
Markets are not Random, they are designed!
  • #226,553
  • May 27, 2010 2:06pm May 27, 2010 2:06pm
I did. I was off too early, but got short at 132.75... not sure how far she's gonna go down but we'll see...

Quoting profxtrader
But seriously. The ride is over. Please get off to the right and follow the stairs to the exit.
check out my blog: forexmademillionaire dot com
  • #226,554
  • May 27, 2010 2:07pm May 27, 2010 2:07pm
Quoting Raza
Evening Star on 1 hR...Interesting....
i saw,,and the orders got hit ...back down to 129.95... ill see you there . a few spikes above 133 is possible .133.10 the goal and 133.50 max..above that .... hmmmm 134/135
  • #226,555
  • May 27, 2010 2:11pm May 27, 2010 2:11pm
Quoting uncletrumpet
I lost over 90% of my account to that, this is the 6th margin call. i always trade well with demo and my live account goes in red what is happening.

My demo went up to 300% in a month my live account went up 100% to weeks but I have lost all again.
uncletrumpet

Never, ever put more than 2% of your trading account on a single trade. From what you have posted above it seems that you are taking very risky trades (high leverage) etc, etc.

I been wrong on GBP/JPY today but I have only 1% percent of my account committed on the trade. I will leave my short open for a day or a week if I have to. At the same time I will be trading the opposite way following the trend.

Simple things...but greed and fear tend to overcome even the best traders.

I hope you recover your losses.

Regards
Nectarios
  • #226,556
  • May 27, 2010 2:13pm May 27, 2010 2:13pm
Quoting Raza
Too soon to say ..But if This H&s on 1 Hr plays ...Target is 128.50...Then Buy from There....

ooops i didnt see saw this watch for 131.18 the most prev untrested supp level on 30 min ..watch for a bounce ..it might take us up again,we will see,,but back down to that level looks ok for me ...

look for a small long at 131.18 ,,to play around ..

131.18 is def a untested level ..
  • #226,557
  • May 27, 2010 2:13pm May 27, 2010 2:13pm
quite a rally . got my stops triggered last night and reversed @ 130.70.

now for who's wondering when this rally is going to end... or if it already ended... here's a chart.

short term - stops below last test of london close @ 131.82; for now, 132.12 should provide support. after ny closes, in 2 hours, this level will move up...

medium term - stops below last test of ny @ 129.05, and resumption of main downtrend to 125/lower.

i don't have any target in mind, will just move my stops up.
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Nihil Sine Deo.
  • #226,558
  • May 27, 2010 2:14pm May 27, 2010 2:14pm


Quoting profxtrader
Well it was a nice run up, but I've consulted my trusty trading guru and he says it's ALL over.

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Hello.
  • #226,559
  • May 27, 2010 2:15pm May 27, 2010 2:15pm
Quoting uncletrumpet
I was increasing my lot sizes as the account grows. My demo is still up by over 150% but my live is dead now. I was still in gain even with the draw down of minus 300 pips yet i did not close till it went to 500 pips against me
I thought you learned your lesson last time -.-

follow this advise. Whenever you trade, give yourself a limit at which point you must exit. forex is a business, not a quick money scheme. treat losing as bills for wages and electricity, and you will found that money is coming, but in a slow and steady manner.
Read the entire market, money is made on the main trend not the fluctuation
  • #226,560
  • May 27, 2010 2:15pm May 27, 2010 2:15pm
here...
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