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

  • #232,721
  • Oct 23, 2010 6:16pm Oct 23, 2010 6:16pm
Quoting cohiba pips
the pattern you have drawn is a bull flag in other words you are trying to pick a bottom ( risky ) bulls would enter around that area if broken and you would take profit

if your lucky and catch a bottom let the trade run but look at cable monthly and uj imo uj - uj could range down here for a while while cable could drop 1.54 - .3 putting geppy at a conservative 124 mark dipping lower
the weakness in gold is playing so we are at a point in strength (dollar)

gl
Time will tell. I trade what I'm comfortable with, and for the past 2 years I haven't had any problems remaining profitable. I don't have 100% accuracy. I posted my chart and the channel because I've played it for a few weeks now. I enjoy the other ideas/trades I see on this board so I added to it.

I'm not looking for a thousand pips, I'm not looking for intervention. I'm looking for a bounce of 30-50 pips. I was green a few times on Friday, but I'm holding for a bit more. We'll see if it was a smart hold or a stupid hold.

We all have our different methods to making pips, but all that matters is the pips we get in the end.

ALSO. Money management is also key, and because I'm really not down much now, it's not something I'm going to lose sleep over.
  • #232,722
  • Oct 23, 2010 6:25pm Oct 23, 2010 6:25pm
Quoting forextine
Time will tell. I trade what I'm comfortable with, and for the past 2 years I haven't had any problems remaining profitable. I don't have 100% accuracy. I posted my chart and the channel because I've played it for a few weeks now. I enjoy the other ideas/trades I see on this board so I added to it.

I'm not looking for a thousand pips, I'm not looking for intervention. I'm looking for a bounce of 30-50 pips. I was green a few times on Friday, but I'm holding for a bit more. We'll see if it was a smart hold or a stupid hold.

We all have our...
if you see a bull flag on a five minute chart where would you enter

your take profit is the enter zone green or red
  • #232,723
  • Oct 23, 2010 7:02pm Oct 23, 2010 7:02pm
Quoting cohiba pips
if you see a bull flag on a five minute chart where would you enter

your take profit is the enter zone green or red
I use S/R levels on the 15min for entries, and trendlines on the longer term charts.

I entered long, with a take profit in my area. Let's see what Sunday/Monday brings.
  • #232,724
  • Oct 23, 2010 7:13pm Oct 23, 2010 7:13pm
Quoting forextine
I use S/R levels on the 15min for entries, and trendlines on the longer term charts.

I entered long, with a take profit in my area. Let's see what Sunday/Monday brings.
did you post a 3 hr chart then with your take profit at the breakout point off a bull flag if you look at the resistance levels they were tested and didnt break to the up side you might see a slight rally but only to be sold next week imo
but to explain your post show me the 15min chart entry and the reason why you would take profit on a 3hr bull flag
  • #232,725
  • Oct 23, 2010 7:24pm Oct 23, 2010 7:24pm
You seem extremely concerned with my trading style lol. Let it go. I'm long GJ. You don't agree, that's fine, it doesn't bother me.

I trade my way. Not your way. I've been trading this way for a long time, so really, don't worry about it lol. I will most likely be watching the trading most of Sunday/Monday so if I see a chance for a break out, I may just move my TP up to next resistance, and put in an SL protecting my position.

Post your charts, and your thoughts. If I'm looking for criticism I'll ask for it. All I did was posted a chart showing what I see and what I expect.
  • #232,726
  • Oct 23, 2010 7:45pm Oct 23, 2010 7:45pm
Quoting forextine
You seem extremely concerned with my trading style lol. Let it go. I'm long GJ. You don't agree, that's fine, it doesn't bother me.

I trade my way. Not your way. I've been trading this way for a long time, so really, don't worry about it lol. I will most likely be watching the trading most of Sunday/Monday so if I see a chance for a break out, I may just move my TP up to next resistance, and put in an SL protecting my position....
but you've posted a bull flag with a tp right on the point that bulls would enter in other words what message are you sending out to the public if we look at the 15min chart where you entered i cant see a valid entry point thats why i ask you to post your chart you have an exit ( that i dont agree with ) but your entry isnt clear you may well be holding over the weekend another bad idea but thats up to you remember we are here to discuss and learn not pick our back sides
  • #232,727
  • Oct 23, 2010 9:35pm Oct 23, 2010 9:35pm
127.50area has held up pretty well past few days, thus I bought. My TP is based on the channel. Like I said, I don't trade for tons of pips, I look to make 2-3 trades a day, between 20-30pips each. Do I miss out on big runners yes. It's part of the game, depending if I'm sitting and watching charts, I may hold longer depending on the area where my TP is, or other times, just let the TP hit.
  • #232,728
  • Oct 24, 2010 12:54am Oct 24, 2010 12:54am
Quoting forextine
Lol, I'm willing to take the risk, thanks for the concern and I'm not new to the forex world
I was just commenting on your attitude towards money. And comments like that get my attention because I used to have that kind of attitude. Just speaking my mind not trying to get anyone riled up for a rumble.
  • #232,729
  • Oct 24, 2010 2:35am Oct 24, 2010 2:35am
Quoting mrroboto
I was just commenting on your attitude towards money. And comments like that get my attention because I used to have that kind of attitude. Just speaking my mind not trying to get anyone riled up for a rumble.
he could be right...just leave it
  • #232,730
  • Oct 25, 2010 2:47am Oct 25, 2010 2:47am
orait GY n EY on....happy trading guys...

http://www.forexfactory.com/showpost...stcount=232704
  • #232,731
  • Oct 25, 2010 2:52am Oct 25, 2010 2:52am
Quoting grashid
he could be right...just leave it
It's only money
  • #232,732
  • Oct 25, 2010 2:53am Oct 25, 2010 2:53am
My previous pos hit SL.

Brake this next should be 126.15 area and then 125.xx.

Else look for bounce.
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  • #232,733
  • Oct 25, 2010 3:02am Oct 25, 2010 3:02am
Quoting mrroboto
It's only money
ya..n now he/she already got the answer....
u already do ur best...the rest let em be

ok guys bb in NY..going to continue sleeping...take care
  • #232,734
  • Oct 25, 2010 3:36am Oct 25, 2010 3:36am
If you're thinking to go long, then the time is now

http://img716.imageshack.us/img716/5809/chartu.gif
  • #232,735
  • Oct 25, 2010 10:21am Oct 25, 2010 10:21am
Entered few longs as the previous low was not taken out .
SL 125. TP open.

Good luck to all.
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  • #232,736
  • Oct 25, 2010 10:32am Oct 25, 2010 10:32am
Will see how the daily close today and decide whether to hold or close longs.
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  • #232,737
  • Oct 25, 2010 1:27pm Oct 25, 2010 1:27pm
Quoting grashid
ya..n now he/she already got the answer....
u already do ur best...the rest let em be

ok guys bb in NY..going to continue sleeping...take care
Yes I did get my answer. It didn't go to where I wanted, but I bought Sunday 3pm EST in anticipation of the gap being filled, and closed my positions for GREEN. Wait, is positive pips good or bad? I'm long at 126.80 now, SL protecting 20 pips.
  • #232,738
  • Oct 25, 2010 4:09pm Oct 25, 2010 4:09pm
you guys can make yourself ready for a test of 118 end of Q4 as wht i mnention the bieginning of the year,and daily close below 120 test of the record all time low ---

this is for you grashid--- remmember the 118 deal ?
  • #232,739
  • Oct 25, 2010 4:21pm Oct 25, 2010 4:21pm
Quoting fx-gucci
you guys can make yourself ready for a test of 118 end of Q4 as wht i mnention the bieginning of the year,and daily close below 120 test of the record all time low ---

this is for you grashid--- remmember the 118 deal ?
Here I thought I was the only pessimist... that will be a sad moment for longs.
  • #232,740
  • Oct 25, 2010 4:35pm Oct 25, 2010 4:35pm
maybe
this month candle seem to open way for more lows
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