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

  • #2,901
  • Aug 1, 2007 3:20pm Aug 1, 2007 3:20pm
Quoting ovidiu
Maybe the bull run is over, the momentum on all smaler tf is pointing down and we have a triple top on h1 now...
the hour is not over yet, patience
Trade what you see, not what you think.
  • #2,902
  • Aug 1, 2007 3:23pm Aug 1, 2007 3:23pm
That last quick Rally following Dow jones, seem to be a set-up for another deep drop!!!!


What do your think? or is it 242 its heading?
  • #2,903
  • Aug 1, 2007 3:23pm Aug 1, 2007 3:23pm
i see two reasons to go long.... the daily rope.... and the flag breakout... let's wait a little more to confirm....
  • #2,904
  • Aug 1, 2007 3:23pm Aug 1, 2007 3:23pm
Quoting ovidiu
Maybe the bull run is over, the momentum on all smaler tf is pointing down and we have a triple top on h1 now...
Lets see what this 1 hour candle looks like upon close
  • #2,905
  • Aug 1, 2007 3:24pm Aug 1, 2007 3:24pm
Agree with you karmo. Hope GU push GJ up...

Quoting karmostaji
the hour is not over yet, patience
  • #2,906
  • Aug 1, 2007 3:25pm Aug 1, 2007 3:25pm
Quoting karmostaji
the hour is not over yet, patience
Karmostaji, when do you consider a break? At candle close? Or just a breach without candle close?

Thanks.
  • #2,907
  • Aug 1, 2007 3:25pm Aug 1, 2007 3:25pm
Quoting katokadang
Agree with you karmo. Hope GU push GJ up...
actually UJ + Dow positive close, are pushing GJ up
Trade what you see, not what you think.
  • #2,908
  • Aug 1, 2007 3:27pm Aug 1, 2007 3:27pm
Quoting magiclino
Karmostaji, when do you consider a break? At candle close? Or just a breach without candle close?

Thanks.
I would like to see how will it react when it first breaches, but a close above it would be confirmation of going up
Trade what you see, not what you think.
  • #2,909
  • Aug 1, 2007 3:28pm Aug 1, 2007 3:28pm
Quoting karmostaji
I would like to see how will it react when it first breaches, but a close above it would be confirmation of going up
yeah i think a close above the current trendline would mean atleast a midterm north movement.
  • #2,910
  • Aug 1, 2007 3:29pm Aug 1, 2007 3:29pm
where is the best place to see the DOW ?
also.. does it move a bit before GJ ?
  • #2,911
  • Aug 1, 2007 3:30pm Aug 1, 2007 3:30pm
Quoting sdot
yeah i think a close above the current trendline would mean atleast a midterm north movement.
the 1h chart I posted couple of posts back, it shows we broke the trendline and it is acting as support now, we just need to break 241.70 now which is being a tough nut to crack
Trade what you see, not what you think.
  • #2,912
  • Aug 1, 2007 3:31pm Aug 1, 2007 3:31pm
Quoting emda
where is the best place to see the DOW ?
also.. does it move a bit before GJ ?
I just go to yahoo, then Finance and the price refreshes every couple of mins
I don't really pay attention to it but lately it's been affecting GJ so I have a look every now and then
Trade what you see, not what you think.
  • #2,913
  • Aug 1, 2007 3:31pm Aug 1, 2007 3:31pm
Quoting emda
where is the best place to see the DOW ?
also.. does it move a bit before GJ ?
You can watch it on cnbc or any news channel if not goto msn.com yahoo.com or google.com finance
  • #2,914
  • Aug 1, 2007 3:31pm Aug 1, 2007 3:31pm

watch out for any divergence...

"Analysis Is Hard But Trade Is Easy"
  • #2,915
  • Aug 1, 2007 3:32pm Aug 1, 2007 3:32pm
Cable seem to be forming a bear crown on the 1HR, now forming the right tip, awaiting possible candle stick formation to confirm down move.
  • #2,916
  • Aug 1, 2007 3:36pm Aug 1, 2007 3:36pm
Quoting karmostaji
the 1h chart I posted couple of posts back, it shows we broke the trendline and it is acting as support now, we just need to break 241.70 now which is being a tough nut to crack
So, 1H trendline has been broken? Now, this 241.7 is for 4H trendline.
  • #2,917
  • Aug 1, 2007 3:38pm Aug 1, 2007 3:38pm
Quoting trader8686
So, 1H trendline has been broken? Now, this 241.7 is for 4H trendline.
241.7 is a resistance since earlier, it has already tried to break it twice earlier but failed, it's having it's 3rd attempt now
Trade what you see, not what you think.
  • #2,918
  • Aug 1, 2007 3:43pm Aug 1, 2007 3:43pm
so as you said, karmo, as long as it breaks 241.70, it will soar up?
  • #2,919
  • Aug 1, 2007 3:43pm Aug 1, 2007 3:43pm
Quoting karmostaji
241.7 is a resistance since earlier, it has already tried to break it twice earlier but failed, it's having it's 3rd attempt now

GO !!!!
  • #2,920
  • Aug 1, 2007 3:44pm Aug 1, 2007 3:44pm
Quoting panql
so as you said, karmo, as long as it breaks 241.70, it will soar up?
yes, my tp's are 242.70 then 244
Trade what you see, not what you think.
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