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GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

  • #2,661
  • Aug 24, 2011 10:35am Aug 24, 2011 10:35am
It was bought hard at its low just earlier at 1.2935 area. I am reconsidering shorting GBPJPY at the moment
  • #2,662
  • Aug 24, 2011 10:55am Aug 24, 2011 10:55am
Closed short @ 12573 waiting its been a wild ride for not as many pips for the risk
  • #2,663
  • Aug 24, 2011 4:32pm Aug 24, 2011 4:32pm
Quoting trumpet
Closed short @ 12573 waiting its been a wild ride for not as many pips for the risk
why i dont post anymore - no arguments reasons why not why 4 etc

pissed off isnt the word - see you round

didnt want that to be my big number but thats life

laters
  • #2,664
  • Aug 25, 2011 1:17am Aug 25, 2011 1:17am
Were moving LONG !!!
  • #2,665
  • Aug 25, 2011 8:02am Aug 25, 2011 8:02am
Changed all orders over to shorts looking good
  • #2,666
  • Aug 25, 2011 10:35am Aug 25, 2011 10:35am
Hi everyone, I've heard that trading cross pairs are more dangerous and harder to technically analyze than their counterparts. What are your thoughts into cross currency pair trading? Is it safe enough just to use technical analysis? Are they heavily affected by fundamentals?

Thanks
Have I got something on my face, SOLDIER?
  • #2,667
  • Aug 25, 2011 11:40am Aug 25, 2011 11:40am
Quoting bumapatria
Hi everyone, I've heard that trading cross pairs are more dangerous and harder to technically analyze than their counterparts. What are your thoughts into cross currency pair trading? Is it safe enough just to use technical analysis? Are they heavily affected by fundamentals?

Thanks
yes. it's a lot harder to trade cross pairs since you gotta factor in 2 major pairs.
not only that, spreads are much higher than majors. so, if r:r is not factored in properly, it can really screw up your trades.
  • #2,668
  • Aug 25, 2011 1:47pm Aug 25, 2011 1:47pm
Quoting trumpet
Changed all orders over to shorts looking good
i think it would be a really good idea to post some charts with your thoughts and some guys might help you out i dont want to sound rude it wasnt long ago i learnt a great deal from some traders round here including the thread starter
jumping from one bias to another in such a short time might not be a great idea if some posts have an influence on your thoughts entry is of course key in this '' game ''

when you posted your long call i didnt like it but to explain why would take some time but equally now you have flipped on gj i still dont like it

  • #2,669
  • Aug 26, 2011 2:01am Aug 26, 2011 2:01am
Longed @ 125.49
SL:-20
TP: 50
  • #2,670
  • Aug 26, 2011 2:20am Aug 26, 2011 2:20am
Quoting PipPipPip
Longed @ 125.49
SL:-20
TP: 50

Maybe you may like to read the post immediately prior to yours. I'm not saying you don't what you're doing, but such an "call" has NOTHING to do with the essence of this thread.

Regards
  • #2,671
  • Aug 26, 2011 2:35am Aug 26, 2011 2:35am
Quoting PipPipPip
Longed @ 125.49
SL:-20
TP: 50


Sorry, heres a chart guys. 1H and 4H

1h and 4h both broke lower MAJOR trend line and strength on the up moves on background. I already have a short position in trade. These chart pictures are on my sell account
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ 1H.png Size: 42 KB
Click to Enlarge Name: GJ 4h.png Size: 43 KB
  • #2,672
  • Aug 26, 2011 2:48am Aug 26, 2011 2:48am
Quoting PipPipPip
Sorry, heres a chart guys. 1H and 4H

1h and 4h both broke lower MAJOR trend line and strength on the up moves on background. I already have a short position in trade. These chart pictures are on my sell account

Thanks for that. I was aware of the LTL break, but am not convinced of its overall significance. I guess we'll see if we have a TL test shortly.
  • #2,673
  • Aug 26, 2011 2:54am Aug 26, 2011 2:54am
Quoting Mpt
Thanks for that. I was aware of the LTL break, but am not convinced of its overall significance. I guess we'll see if we have a TL test shortly.
Yep. Np!

Closing a short position here, netting 70pips

Closing partial long trade from entry 125.49. Now setting rest of position long trade sl to BE.

TP1 netted 20pips
rest BE
  • #2,674
  • Aug 26, 2011 3:14am Aug 26, 2011 3:14am
GJ trades done for now.

gl all
  • #2,675
  • Aug 26, 2011 8:16am Aug 26, 2011 8:16am
Quoting cohiba pips
i think it would be a really good idea to post some charts with your thoughts and some guys might help you out i dont want to sound rude it wasnt long ago i learnt a great deal from some traders round here including the thread starter
jumping from one bias to another in such a short time might not be a great idea if some posts have an influence on your thoughts entry is of course key in this '' game ''

when you posted your long call i didnt like it but to explain why would take some time but equally now you have flipped on gj i still dont like...
Thank You for wanting to help but I am closeing now from 126.46 -124.50 waiting on news now, not good @ posting charts but I do follow news
  • #2,676
  • Aug 26, 2011 8:24am Aug 26, 2011 8:24am
It seems to be in the demand zone...
  • #2,677
  • Aug 26, 2011 8:25am Aug 26, 2011 8:25am
Quoting theIEguy9_09
It seems to be in the demand zone...
But could possibly make a new low...lets see
  • #2,678
  • Aug 26, 2011 8:25am Aug 26, 2011 8:25am
Quoting trumpet
Thank You for wanting to help but I am closeing now from 126.46 -124.50 waiting on news now, not good @ posting charts but I do follow news

I think the comment aimed at you was possibly couched in a little too much politeness. Whilst you may not be great at posting charts, we all have to learn at some stage. It's actually not that hard. However, even a simple explanation for your trade would be appreciated. Otherwise, from an on-lookers perspective, you're just some dude calling out his own trades. And, frankly, that doesn't mean a whole lot to anyone else.
  • #2,679
  • Aug 26, 2011 8:28am Aug 26, 2011 8:28am
Quoting theIEguy9_09
But could possibly make a new low...lets see
So, from that may we deduce that it's gunna go up, but then it's maybe gunna go down. Sideways is always an option too.

And, heck, I don't even know what pair we're talking about.
  • #2,680
  • Aug 26, 2011 8:31am Aug 26, 2011 8:31am
Quoting Mpt
So, from that may we deduce that it's gunna go up, but then it's maybe gunna go down. Sideways is always an option too.
Lol, sideways is also an option...hopefully not though..we do have support so in that case sometimes it does tend to go sideways but it has to go sideways somewhere...either upward or downward but we are in the demand zone...
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