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

Quoting dagoods

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shorts may want to be careful .....my prefernce is still long...but we shall see

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Quoting moneymagnet

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Quote:
Originally Posted by javajames http://www.forexfactory.com/images/buttons/viewpost.gif
For me 4h 200 ema is @213,05, so it's already broken....

I really believe we are up to 220 area to-morrow or beginning of next week.
Here what i see

ok mine is at 225 area but we shall see where the 4 hr closes. mine closes at 5am est


look at the 200 ema over history on the 4 hr chart. we last reached it 7 or 8 weeks ago and it has been rejected multiple times. just be wary longs thats all i am saying. just my opinion. a close above and i will be long probably as well but a close below then history says to short


like i said earlier the first test of a 4 hr 200 ema is usually rejected. a break and strong close confirmed by a 2nd candle is 2 different things. tried to explain earlier but no one wanted to listen. i was in total agreement with karm. not bragging because no one is perfect but just put that nugget in your bag of goodies . i do think it will break on the next try however if we get back there. i will be loading longs upon proper confirmation between the 50% and 38% retracement fibs.

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Quoting dagoods

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i am with u q but still havent seen a lower low or lower high yet...so........


i still expect upside..... but i see what u mean.... it lines up to me as a possible drop first to one of the lower trendline supports or lower fib targets.... which is fine...but i think up is the way.... above your gann still arent we? money magnet said earleir that 200 ema will be tested again.... i think 214.02 prior high to be tested and broken.... sooner or later here....

but we trade what we see.... so long as i am seeing it all i am confortable thanks q~!

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Quoting Piphunter71

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My account is not big compared to most here but I found that once I set my stops/TP I almost always do better if I don't watch the trade. SO many trades I close early because I don't want price to retract and lose my profits. When I let them go I don't deal with the emotions.

I am not good enough to "sense" when things are reversing. Most of the time my intital calculations are better then any feelings I have when I watch the trades.

Up 40 pips now

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Quoting javajames

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Hi all,

I' ve been following this thread since nearly the beginning and of course really appreciated the different periods with the different experts....past is past and I still enjoy to be among you and want to thank all of you, currently contributing to this thread, I learnt so much from....

But as I'm french from Paris, and as many of you, no english mothertongue, sometimes I wonder if we have the same meaning and understanding of words we constantly use.....

So my idea, is maybe to start some kind of glossary so that everyone has the same understanding...

My first question to english expert traders is: pull back, retracement, dip is'nt it the same thing....I mean movement against current trend

So Thank you for your answers and I hope not to open a war of words

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Quoting Val144

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Hi J
I see the same on my chart. NY sesion & news will show more about direction. PA will show retrace or continuation. I donnt expect much more before Feb 19 London or NY sesions.

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Quoting jarroo

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A Pin Bar on the Daily at a Major S/R level with no down movement . . very rare. That being said, I 'm sure there will be some down movement (retracement) passed the 211.90. If not, and price soars passed upwards above the Pin Bar, we are heading north strong. Until then, I will wait and see.

Jim

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Quoting jarroo

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4 hour Price Action is giving no clues (yet) on where Price is going. Nothing but reveral patterns.

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Quoting pasil

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i see a nice pin bar on the 4hr chart..

two possible tings have to happen first before a major move occure today
popco: 1)it has to pass a resistance holdin it at 213.00-213.30 area
popco: or if the next bar closes below it is goin down to 211.97 area

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Quote

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Fising . . wow...look gj move my critcal price...212.60(EMA50)...if hit my Pending Order Sell will entry....if not...gj i prefer...can grow up again...Take profit 211.90..Sl 213.10..if price it

Quoting jarroo

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I do favor the down side due the Daily Pin Bar. A good bias to have.

Nice Plans.

Jim

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Quoting jarroo

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I do favor the down side due the Daily Pin Bar. A good bias to have.

Nice Plans.

Jim[/quot
i guess dats d true purpose of FF analysing,learning and teaching see u all on the green side of pips
p.s.
PASIL ORP

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