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Raza replied May 14, 2009Check out the 123% Fib if this is for real.. its hard to believe..G/J in 2 digits??? At the moment we have the same pattern when price was at 212.68...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009i read few books on TRADING .. What i learned and applied to my trading is ..you gotta take a very reasonable entry first... dont try to chase the market..(Patience).. secondly your stop loss should be out side the noise of the market.. does not ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009no vouches for me... and i am not an expert..

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009Wave counts are never accurate...does not tell you the exact price( there are other ways of figuring that out) .. but market sure moves in 5 waves...wave3 longest and wave 5 less.. or equal..or longer than wave 3.. I look for wave 3 and 5....the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009Thanks. I am not a Wave trader.. Either,,, but ever since i keep wave count..in mind...my trading along with other things we use.... has improved.. such that i have track record of no NEGATIVE trades.... for months...dont mean to brag about it.. but ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009wave count... wave 4 not over yet... IMO. strong bounce after wave 5.. expected around 140.80...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 14, 2009No i I think its just making a small handle for its cup... No drop till daily pivot at least,, 4 hr is OS.. Can some one recommend me an honest Broker.. CMSFX.. has been rippin me off left and right..orders not getting filled..stop losses getting ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 13, 2009This one is going to 120xx area.. pissed off at broker did not Fill me in... at the proper entry.. Cheaters.. f*******
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 13, 2009I think if it retraces it would be 50% of 149.47..that sits at 146.86... If it goes below from current point.. then we are looking at 145.50... so i think there is more tanking left into 143xx area-- 142.72
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 13, 2009Round Trip back to 137.00 area..from 135.57( Double Bottom) possible inverted head and Shoulder. 1-2-3 setup.. Rounded bottom .... going to 137.23 area IMO. BIG Hammer on Hourly as well.. what more can you ask for....? see a lot of gossip here .. No ...
EURUSD
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Raza replied May 13, 2009I am looking to buy at 143.87..( should happen in about 45 min) for the short term long to 146xx area.
.. then we go down...way down... 4 Hr is getting OS.. waiting for Divergence to happen..Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 13, 2009USE stop loss outside the noise of the MARKET. if you have to use it.,, Size of the position should be such that you can sustain loss.. meaning if you have $5000 .. its not wise to go 2lots.. but take mini trades..risk only 2-3% of your account per ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 13, 2009Note that broken trendline has been Violated.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Raza replied May 11, 2009If you look at the VOLUME from a reliable source ( not manupulated one) you will see there were lots of sellers at 1.3560 area (FRIDAY) if they have not liquidated their position.. MARKETS will force them to close and take the loss..they already did ...
EURUSD
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Raza replied May 11, 2009Another Way of looking at It. IMO Apply proper MM. its worth to go long... for few hundred pips.. or scalp..
EURUSD
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Raza replied May 11, 2009breached meaning...Higher... well this is for illustration purpose only... But it can Breach doesnot have to be perfect.. it will get higher than the last high... to get those weak shorts out..This thing has alot of play area (E/U) from.. 1.3437-- ...
EURUSD
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Raza replied May 11, 2009Round Trip back to 137.00 area..from 135.57( Double Bottom) possible inverted head and Shoulder. 1-2-3 setup.. Rounded bottom .... going to 137.23 area IMO. BIG Hammer on Hourly as well.. what more can you ask for....? see a lot of gossip here .. No ...
EURUSD
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Raza replied May 10, 2009Notice an EVENING STAR Doji on 4 HR... is this a short term reversal????? All I need is a 23% retrace.. Or is this a spinning Top...think we will have a range period for many hours...
EURUSD