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

  • #4,121
  • Aug 6, 2007 2:33pm Aug 6, 2007 2:33pm
Quoting craazy
What time frame... this thing is getting out of control?
daily, and yes it does...
  • #4,122
  • Aug 6, 2007 2:38pm Aug 6, 2007 2:38pm
Quoting new_trader
Up move seems to be halted for now. I guess news will decide where to go from now. My 45 degree red line is major resistance in my book. If price doesn't break 243 then another down move expected.
The red thick line (26.3 gann) seems to be major resistance now for up move.
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  • #4,123
  • Aug 6, 2007 2:41pm Aug 6, 2007 2:41pm
76,4% 1H fib at 241,79 - hit it to the pip. Note also that the R1 daily pivot is at 241,84. Two good reasons for a nice resistance.
  • #4,124
  • Aug 6, 2007 2:41pm Aug 6, 2007 2:41pm
Does anyone else think this is just stock related and all things still point south???
Craazy
  • #4,125
  • Aug 6, 2007 2:41pm Aug 6, 2007 2:41pm
Price bounced off the 23% fib on the hourly.
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  • #4,126
  • Aug 6, 2007 2:41pm Aug 6, 2007 2:41pm
Can you actually predict the DOW? Even if its a 60% chance of predicted it correctly. That would shurely help.

I didnt think DOW has any trend factor what-so-ever.
no trend, then no prediction. right?

Quoting markam
If I take up charting for forex purposes, I'm not charting GJ, I am going to chart the Dow, and use that for trading purposes on GJ.
  • #4,127
  • Aug 6, 2007 2:41pm Aug 6, 2007 2:41pm
Quoting new_trader
The red thick line (26.3 gann) seems to be major resistance now for up move.
I agree and on my chart it almost meets the 32.8 which stood as good resistance twice last week
  • #4,128
  • Aug 6, 2007 2:43pm Aug 6, 2007 2:43pm
I think if we get over 241.70 we are going straight to 242.74 which is 38.2% fibo at 4H!!!
  • #4,129
  • Aug 6, 2007 2:43pm Aug 6, 2007 2:43pm
Quoting craazy
Does anyone else think this is just stock related and all things still point south???
I would expect asian markets will take their cues from the US stock market and move up tonight. I would be very hesitant to go short at this point.
  • #4,130
  • Aug 6, 2007 2:44pm Aug 6, 2007 2:44pm
Quoting markam
I would expect asian markets will take their cues from the US stock market and move up tonight. I would be very hesitant to go short at this point.
I thought you were already shorting
  • #4,131
  • Aug 6, 2007 2:45pm Aug 6, 2007 2:45pm
Quoting newjersey24
Can you actually predict the DOW? Even if its a 60% chance of predicted it correctly. That would shurely help.

I didnt think DOW has any trend factor what-so-ever.
no trend, then no prediction. right?

I may try it tomorrow using parabolic sar reversal points on the dow as buy and sell points on GJ, just to see what happens.
  • #4,132
  • Aug 6, 2007 2:46pm Aug 6, 2007 2:46pm
Quoting Majd
I thought you were already shorting

long term, I belive short. short term, its probably going up.
  • #4,133
  • Aug 6, 2007 2:48pm Aug 6, 2007 2:48pm
Quoting craazy
Does anyone else think this is just stock related and all things still point south???
All things? Hardly, if you are trading Auslanco's indicators. 4hr QQE trying to cross bullish, 1hr crossed bullish and went over the 50.

If you are talking short-term overbought that may well be the case.
  • #4,134
  • Aug 6, 2007 2:48pm Aug 6, 2007 2:48pm
Quoting Kane Rai
All things? Hardly, if you are trading Auslanco's indicators. 4hr QQE trying to cross bullish, 1hr crossed bullish and went over the 50.

If you are talking short-term overbought that may well be the case.
Makes sense we'll see
Craazy
  • #4,135
  • Aug 6, 2007 2:57pm Aug 6, 2007 2:57pm
I hate DOW wasn't expecting this... but this is Forex
Trade what you see, not what you think.
  • #4,136
  • Aug 6, 2007 2:58pm Aug 6, 2007 2:58pm
Quoting karmostaji
I hate DOW wasn't expecting this... but this is Forex
Me too... now I'm stuck deciding if I go long or keep shorts or what the heck to do!
Craazy
  • #4,137
  • Aug 6, 2007 2:59pm Aug 6, 2007 2:59pm
karmo, do you have any idea to go short again now?
  • #4,138
  • Aug 6, 2007 3:00pm Aug 6, 2007 3:00pm
Price may go higher close to midnight gmt. Even if GBP news are not good we could see a spike up.
  • #4,139
  • Aug 6, 2007 3:01pm Aug 6, 2007 3:01pm
Quoting karmostaji
I hate DOW wasn't expecting this... but this is Forex
Me too......
  • #4,140
  • Aug 6, 2007 3:02pm Aug 6, 2007 3:02pm
Quoting karmostaji
I hate DOW wasn't expecting this... but this is Forex

So what are u expecting next???
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