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Daily GBP/JPY analysis

  • #9,781
  • Jul 25, 2007 7:38am Jul 25, 2007 7:38am
Quoting chonpz
auslanco ur a god !!!!
made +55 pip x 3 lots in 1/2 hrs based on ur call
thanks
wow..chonpz.. you deserve it bro..."determination"..
  • #9,782
  • Jul 25, 2007 7:40am Jul 25, 2007 7:40am
Quoting teekee
what is this means??????

maximum 200 pips before a 4hr retracemnt bar... it might be little complicated for you to understand right now since you are new.. but keep reading the posts.. you will learn soon..
  • #9,783
  • Jul 25, 2007 7:40am Jul 25, 2007 7:40am
Is it too late to get in? I just got back from mowing a hay field.
  • #9,784
  • Jul 25, 2007 7:42am Jul 25, 2007 7:42am
Quoting auslanco
maximum 200 pips before a 4hr retracemnt bar... it might be little complicated for you to understand right now since you are new.. but keep reading the posts.. you will learn soon..
I am not going to enter my trade like this, until I know the reason.
Plus, the 4H bar is ranging.
  • #9,785
  • Jul 25, 2007 7:42am Jul 25, 2007 7:42am
Quoting JDAMv3
Is it too late to get in? I just got back from mowing a hay field.
you still can get in ... but only with money you can afford to loose... you know the drill yea it not too late but a smaller lot
  • #9,786
  • Jul 25, 2007 7:43am Jul 25, 2007 7:43am
Quoting auslanco
maximum 200 pips before a 4hr retracemnt bar... it might be little complicated for you to understand right now since you are new.. but keep reading the posts.. you will learn soon..

agreed. Still a lots of new thing need to learn.
New Forex Trader
  • #9,787
  • Jul 25, 2007 7:44am Jul 25, 2007 7:44am
Quoting trader8686
I am not going to enter my trade like this, until I know the reason.
Plus, the 4H bar is ranging.
huh... you dont have to enter... this is what we have ben talking about all night on this thread.
  • #9,788
  • Jul 25, 2007 7:44am Jul 25, 2007 7:44am
Quoting auslanco
you still can get in ... but only with money you can afford to loose... you know the drill yea it not too late but a smaller lot
I know the drill very well, but you have a lot of credibility.
  • #9,789
  • Jul 25, 2007 7:45am Jul 25, 2007 7:45am
Looks like I was right about housing killing the stock market rebound.
  • #9,790
  • Jul 25, 2007 7:45am Jul 25, 2007 7:45am
Quoting auslanco
huh... you dont have to enter... this is what we have ben talking about all night on this thread.
I just missed 4-5 hours time.
  • #9,791
  • Jul 25, 2007 7:47am Jul 25, 2007 7:47am
Thinks it is going to bounce off 246.50, or continue down?
  • #9,792
  • Jul 25, 2007 7:48am Jul 25, 2007 7:48am
The DOW is not holding, lets see what happens next...
"Only when the tide goes out will we know who is swimming naked."
  • #9,793
  • Jul 25, 2007 7:48am Jul 25, 2007 7:48am
Quoting markam
Looks like I was right about housing killing the stock market rebound.
Wow, does anyone play stock indexes or index futures? Talk about a quick payout.
  • #9,794
  • Jul 25, 2007 7:49am Jul 25, 2007 7:49am
Quoting markam
Thinks it is going to bounce off 246.50, or continue down?
The support 246.15 still there, this is the th 4H Bar trying to break it.
I hope that it will be broken.
  • #9,795
  • Jul 25, 2007 7:49am Jul 25, 2007 7:49am
Quoting trader8686
I just missed 4-5 hours time.
ok.. when the market shoots to a one direction this pair will shoot for max 200 pips and retrace 100 pips before the next shoot. so usualyy that 200 pip shoot is on a 4 hr bar and the very next bar will retrace around 100 pips... so that the retracement bar.
  • #9,796
  • Jul 25, 2007 7:50am Jul 25, 2007 7:50am
Selling is really accelerating now.
  • #9,797
  • Jul 25, 2007 7:51am Jul 25, 2007 7:51am
took heed from your earlier target of 247.50ish rebound and shorted there. went out after that and just got back and my my....what a suprise!!!
  • #9,798
  • Jul 25, 2007 7:52am Jul 25, 2007 7:52am
Quoting wilson
took heed from your earlier target of 247.50ish rebound and shorted there. went out after that and just got back and my my....what a suprise!!!
welcome back wilson..
  • #9,799
  • Jul 25, 2007 7:54am Jul 25, 2007 7:54am
Quoting auslanco
ok.. when the market shoots to a one direction this pair will shoot for max 200 pips and retrace 100 pips before the next shoot. so usualyy that 200 pip shoot is on a 4 hr bar and the very next bar will retrace around 100 pips... so that the retracement bar.

So in 7 minutes, it will start to climb an estimated 100 pip's? Would this only happen if the support wasn't broken? And if the support was broken, would it continue downward?
  • #9,800
  • Jul 25, 2007 7:54am Jul 25, 2007 7:54am
Auslanco, is your plan to stay awake until the market closes friday?

Get some sleep buddy.
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