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

  • #2,921
  • Aug 1, 2007 3:44pm Aug 1, 2007 3:44pm
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
Thar she blows!
  • #2,922
  • Aug 1, 2007 3:45pm Aug 1, 2007 3:45pm
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
It's there!!!!
  • #2,923
  • Aug 1, 2007 3:46pm Aug 1, 2007 3:46pm
hi, karmo, does current situation mean already broken the resistance? if not, to what degree?
  • #2,924
  • Aug 1, 2007 3:47pm Aug 1, 2007 3:47pm
Quoting angiegiles00
It's there!!!!
How do u know its not a false breakout?
  • #2,925
  • Aug 1, 2007 3:49pm Aug 1, 2007 3:49pm
not sure if there is enough volatility in the market now to break this.. most traders are done for the day. but i got my eyes open
  • #2,926
  • Aug 1, 2007 3:49pm Aug 1, 2007 3:49pm

lol.... resting rightly there...this really a dumb beast

"Analysis Is Hard But Trade Is Easy"
  • #2,927
  • Aug 1, 2007 3:52pm Aug 1, 2007 3:52pm
Quoting PipBuLL007
not sure if there is enough volatility in the market now to break this.. most traders are done for the day. but i got my eyes open
Momentum on the 4H just has crossed 0
  • #2,928
  • Aug 1, 2007 3:53pm Aug 1, 2007 3:53pm
Quoting Timingy
Momentum on the 4H just has crossed 0
can you show me a print screen i dont know what that is.. i would like to learn that indicator
  • #2,929
  • Aug 1, 2007 3:54pm Aug 1, 2007 3:54pm
hi, timminy, what does that supposed to mean?

Momentum on the 4H just has crossed 0
  • #2,930
  • Aug 1, 2007 4:02pm Aug 1, 2007 4:02pm
Didn't really do it. Not sure if I were right?

Are we coming back south, again?
  • #2,931
  • Aug 1, 2007 4:02pm Aug 1, 2007 4:02pm
This trend line off of the 4H is the one I want to see break to confirm more upward movement. Right now it is around the 242.10 mark. A close above there would be powerful.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.jpg Size: 45 KB
  • #2,932
  • Aug 1, 2007 4:03pm Aug 1, 2007 4:03pm
there are correction expecting till 240.60-70, we open above pivot.
If we keep uptrend the 1st target is 243.60.


good luck.
  • #2,933
  • Aug 1, 2007 4:05pm Aug 1, 2007 4:05pm
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
karmostaji,

How do you think? Are we coming back south, again?
Looks it didn't really do it.
  • #2,934
  • Aug 1, 2007 4:06pm Aug 1, 2007 4:06pm
We are looking good

I've set my TP's, one at 242.7 and the other one at 244

Don't panic if price is retracing, ofcourse it HAS to retrace so it can continue upward, keep your eye on 5SMA

I'm going to bed, have a mid-term in 8 hours.. I hope you newbie's learnt something today and made some $
Trade what you see, not what you think.
  • #2,935
  • Aug 1, 2007 4:08pm Aug 1, 2007 4:08pm
Quoting Timingy
Did not really do it
How do you think, Timingy?
  • #2,936
  • Aug 1, 2007 4:12pm Aug 1, 2007 4:12pm
If you check the hourly chart you will see that 60% of the time the
17:00 to 18:00 candle (EST) is bearish.
  • #2,937
  • Aug 1, 2007 4:14pm Aug 1, 2007 4:14pm
Quoting trader8686
How do you think, Timingy?
I think the chart a few posts back says something to. If Iwas to be careful I'd only begin adding up lots if that trend line breaks and we have a re-affirming formation on the 4H MACD

But 4 now I'm long at 241.60
  • #2,938
  • Aug 1, 2007 4:16pm Aug 1, 2007 4:16pm
Quoting karmostaji
We are looking good

I've set my TP's, one at 242.7 and the other one at 244

Don't panic if price is retracing, ofcourse it HAS to retrace so it can continue upward, keep your eye on 5SMA

I'm going to bed, have a mid-term in 8 hours.. I hope you newbie's learnt something today and made some $
1H , and 4H beeing bullish, and momentum 1H pointing down this must be a retrecement to 5sma on 1H, the up again, right K?
  • #2,939
  • Aug 1, 2007 4:19pm Aug 1, 2007 4:19pm
what will be the support level if it retraces?
  • #2,940
  • Aug 1, 2007 4:24pm Aug 1, 2007 4:24pm
Quoting ovidiu
1H , and 4H beeing bullish, and momentum 1H pointing down this must be a retrecement to 5sma on 1H, the up again, right K?
1H 5sma at 241.07...trendline support at 241.22

should be up from there...
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