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

  • #701
  • Jul 30, 2007 1:19am Jul 30, 2007 1:19am
Quoting TacitTrader
the action is now above the 38.2 fib level. if the four hour closes above uhmm... retracement. the hourlies are in fact above now. 4hr 1hr indicators are pointing up.

what you think guys?
my 1 hour is pointing down . can u post ur chart
  • #702
  • Jul 30, 2007 1:21am Jul 30, 2007 1:21am
Hi guys

I have 1hr momentum indicator above the 50% line...anyone observes the same?
  • #703
  • Jul 30, 2007 1:22am Jul 30, 2007 1:22am
I'm back in again at 23995.

My 1hr indicator is Bullish. 4hr Bearish. It's been like the same all day. Although I don't use the same charts as Aus.
  • #704
  • Jul 30, 2007 1:23am Jul 30, 2007 1:23am
Quoting TacitTrader
the action is now above the 38.2 fib level. if the four hour closes above uhmm... retracement. the hourlies are in fact above now. 4hr 1hr indicators are pointing up.

what you think guys?
Any idea how high it will retrace to ?
  • #705
  • Jul 30, 2007 1:23am Jul 30, 2007 1:23am
Quoting auslanco
..But when the price reach 5 sma you have to make sure the 1hr trend is still bearish before you go short. If the 1 hr trend turned bullish at the 4hr retracement , You have to stay away from the market as it has turned into a ranging market.
Now it's what auslanco told us.
Be careful guys.
start from here
  • #706
  • Jul 30, 2007 1:23am Jul 30, 2007 1:23am
Approaching the 50EMA again in overbought territory. May Have a quick but small drop. Looking for 240.05-240.20.
  • #707
  • Jul 30, 2007 1:24am Jul 30, 2007 1:24am
my 1 hr
Attached Image
  • #708
  • Jul 30, 2007 1:26am Jul 30, 2007 1:26am
Quoting hycebee
Think i missed the call...

I've been studying the chart all night long and just dozed off. I hope I can still catch it. Anybody wanna advise?

Now jump aboard. Trains coming back to the station to pick up more riders.

You have to look at this in waves which build strength for the downward move. The smaller waves of consolidation build for the larger waves / moves. Using MTFs.

Dr. D.
  • #709
  • Jul 30, 2007 1:28am Jul 30, 2007 1:28am
Quoting fourxtrader
Now jump aboard. Trains coming back to the station to pick up more riders.

You have to look at this in waves which build strength for the downward move. The smaller waves of consolidation build for the larger waves / moves. Using MTFs.

Dr. D.
Did the previous page say that we are in 4H retracement and 1H bullish, so keep away from the market?
  • #710
  • Jul 30, 2007 1:30am Jul 30, 2007 1:30am
Just hopped out of my long position for +85

waiting for a good short signal.

Mike
  • #711
  • Jul 30, 2007 1:30am Jul 30, 2007 1:30am
Hi fourxtrader

Possible to post your chart?

Thanks!

Quoting fourxtrader
Now jump aboard. Trains coming back to the station to pick up more riders.

You have to look at this in waves which build strength for the downward move. The smaller waves of consolidation build for the larger waves / moves. Using MTFs.

Dr. D.
  • #712
  • Jul 30, 2007 1:33am Jul 30, 2007 1:33am
Quoting JudeObscure
Now it's what auslanco told us.
Be careful guys.
I have no positions now, should I keep away from market?
When is the time to come back in?
  • #713
  • Jul 30, 2007 1:34am Jul 30, 2007 1:34am
Quoting trader8686
Did the previous page say that we are in 4H retracement and 1H bullish, so keep away from the market?
Yes it did - and the 1H doesn't look to good for the shorts. I hope it starts to bend as we go into the London open and maybe make that direction downwards.
  • #714
  • Jul 30, 2007 1:34am Jul 30, 2007 1:34am
Quoting TacitTrader
my 1 hr
when is Auslanco
coming back
  • #715
  • Jul 30, 2007 1:35am Jul 30, 2007 1:35am
Quoting Timingy
Yes it did - and the 1H doesn't look to good for the shorts. I hope it starts to bend as we go into the London open and maybe make that direction downwards.
Thanks, Timingy. You are always so helpful.
  • #716
  • Jul 30, 2007 1:37am Jul 30, 2007 1:37am
CNBC NEWS: Asia stock market has turned around in this session.
  • #717
  • Jul 30, 2007 1:41am Jul 30, 2007 1:41am
Never try and guess the market guys. Let it show you what it's doing before you jump in.

Mike
  • #718
  • Jul 30, 2007 1:43am Jul 30, 2007 1:43am
I really appreciate your level headed approach and efforts to pass on your experience and wisdom.
Good stuff
Gone to a better place
  • #719
  • Jul 30, 2007 1:44am Jul 30, 2007 1:44am
Quoting MikeW
Never try and guess the market guys. Let it show you what it's doing before you jump in.

Mike
so mike whats the market telling u now?
  • #720
  • Jul 30, 2007 1:46am Jul 30, 2007 1:46am
Quoting chonpz
when is Auslanco
coming back
i believe by 4 am... he said he needed to get some rest. before US session begins he will be back. Hopefully.
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