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

  • #761
  • Jul 30, 2007 2:25am Jul 30, 2007 2:25am
If anyone is familiar with cornflower system take a look, just bounced off the 24 ema. This is a signal to sell. Also just checked the G/U, daily and 4h are very strong bearish just have to wait for 1h to confirm.
  • #762
  • Jul 30, 2007 2:26am Jul 30, 2007 2:26am
The next 4hr bar all will be revealed if your not in the market wait until auslanco returns .The lower charts are still bullish..
  • #763
  • Jul 30, 2007 2:33am Jul 30, 2007 2:33am
I'm seeing a major resistant at 240.69 but i'm not sure it'll beat it down much. It seems GJ is going to break this resistance and once it does that I believe we're in ranging market coz there'll be a bullish candle on the 1H chart
  • #764
  • Jul 30, 2007 2:37am Jul 30, 2007 2:37am
The Euros rallying and Swissy falling, putting upward pressure on Cable....IF USDJPY goes above 118:80 I think that will allow GBPJPY to continue on up.....take care
Trading Levels with WRBs
  • #765
  • Jul 30, 2007 2:38am Jul 30, 2007 2:38am
Hi Karthik

Agree..especially when I rise my doubts in post 651 when the signal was called..keep my finger cross now..



Quoting ns_karthik
see the effect of the resistance at 240.6??? thats how u trade....dont just blindly follow some signals and dont blindly go long or short....simple price action....if u had gone short at 240.6 (as i did), you would be up 20 pips already...rather than blindly going short at some point and biting your nails and praying that ur stop loss holds...
  • #766
  • Jul 30, 2007 2:38am Jul 30, 2007 2:38am
The 1hr chart already has 2 bullish candles and the strength indicator and other indiacators are bullish..i am only stating what i can and everyone who is following the stratergy can see....not trying to be objectional
  • #767
  • Jul 30, 2007 2:40am Jul 30, 2007 2:40am
ahh it broke through... dang, it's gonna hit sl
  • #768
  • Jul 30, 2007 2:44am Jul 30, 2007 2:44am
guys it seem that gj will hit the SL.......
  • #769
  • Jul 30, 2007 2:44am Jul 30, 2007 2:44am
thanks TSK, am happy that atleast one person here sees some reason....i am in here not to get tips but to see the strategy, evaluate it and see how good or bad it is....i am still waiting...
  • #770
  • Jul 30, 2007 2:45am Jul 30, 2007 2:45am
Lost 160 today....
tooo bad
  • #771
  • Jul 30, 2007 2:45am Jul 30, 2007 2:45am
of course it will hit SL, there is no resistance between 240.6 and 240.96.....u had to keep ur sl at 240.7 and saved 26 pips...
  • #772
  • Jul 30, 2007 2:46am Jul 30, 2007 2:46am
Anyone using the VT Commodity Channel Index - its giving me a strong buy signal and was wondering if anyone was basing their trades around it?
  • #773
  • Jul 30, 2007 2:47am Jul 30, 2007 2:47am
Quoting DR.ich
i know the common sentiment is towards the south....but i smell the works of a big thrust up...its cookin in my charts but not quite complete...i think im gonna loose some sleep watching this...
im waiting for the retrace down...im going long!
"it doesn't come any sharper than this!"
  • #774
  • Jul 30, 2007 2:48am Jul 30, 2007 2:48am
Quoting ns_karthik
of course it will hit SL, there is no resistance between 240.6 and 240.96.....u had to keep ur sl at 240.7 and saved 26 pips...
Where is the next resistance according 2 ur charts?
  • #775
  • Jul 30, 2007 2:49am Jul 30, 2007 2:49am
Everything except the $hr chart has given a strong signal to BUY,but wait for Auslaco
  • #776
  • Jul 30, 2007 2:50am Jul 30, 2007 2:50am
Quoting ns_karthik
of course it will hit SL, there is no resistance between 240.6 and 240.96.....u had to keep ur sl at 240.7 and saved 26 pips...
i thought of that too... darn.
  • #777
  • Jul 30, 2007 2:51am Jul 30, 2007 2:51am
next resistance ius at 241.4.....u guys had to have sl at 240.7 and reversed once it got it...if u had reversed at that point and bought it, u would be up 20 pips rather than wasting 26 pips waiting for ur sl at 240.96 to be hit....

i know i know...lets wait for auslanco....haha....
  • #778
  • Jul 30, 2007 2:52am Jul 30, 2007 2:52am
If 241.20 is broken we might be in a short term uptrend. Stay out for now...
  • #779
  • Jul 30, 2007 2:52am Jul 30, 2007 2:52am
Quoting sideusprime
Everything except the $hr chart has given a strong signal to BUY,but wait for Auslaco
lol dude..what if he's gone shopping? or maybe his in-laws visited and he wont be able to trade till tomorrow...what if his dog needs to go to the vet? what if....?

i can go on but i guess you get the picture
"it doesn't come any sharper than this!"
  • #780
  • Jul 30, 2007 2:53am Jul 30, 2007 2:53am
Quoting Timingy
Where is the next resistance according 2 ur charts?
i'm thinking 241.30 is next. 50 fib. and 241.70 is pivot on my chart.
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