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

  • #4,581
  • Aug 7, 2007 9:57am Aug 7, 2007 9:57am
Quoting auslanco
exited GJ @ 239.36 I may reenter if it breaks succesfully
Broken
  • #4,582
  • Aug 7, 2007 10:01am Aug 7, 2007 10:01am
Quoting karmostaji
UJ broke support, more downtrend for GJ
Where it will go? lower than 238.87?
  • #4,583
  • Aug 7, 2007 10:01am Aug 7, 2007 10:01am
1h candle closed
GJ will continue downwards
UJ just broke a support, should continue downwards
GU, might retrace
Trade what you see, not what you think.
  • #4,584
  • Aug 7, 2007 10:02am Aug 7, 2007 10:02am
Quoting trader8686
Where it will go? lower than 238.87?
we have to wait and see if 238.87 will be a strong support again or not..
Trade what you see, not what you think.
  • #4,585
  • Aug 7, 2007 10:03am Aug 7, 2007 10:03am
Quoting trader8686
Broken
Not on the 4H yet
  • #4,586
  • Aug 7, 2007 10:03am Aug 7, 2007 10:03am
Quoting karmostaji
we have to wait and see if 238.87 will be a strong support again or not..
Thanks.
  • #4,587
  • Aug 7, 2007 10:08am Aug 7, 2007 10:08am
I dont think the support is broken yet.. The last 1hr candle faild to close below 239.34
  • #4,588
  • Aug 7, 2007 10:12am Aug 7, 2007 10:12am
Quoting auslanco
I dont think the support is broken yet.. The last 1hr candle faild to close below 239.34
:surprised Oh, ummm how about 3 minutes before close? good enough?

I had a jump start.
lol...
  • #4,589
  • Aug 7, 2007 10:14am Aug 7, 2007 10:14am
Quoting newjersey24
:surprised Oh, ummm how about 3 minutes before close? good enough?

I had a jump start.
lol...

Lol.. It closed the same level as yesterdays lowest hourly bar close.. Not broken yet
  • #4,590
  • Aug 7, 2007 10:19am Aug 7, 2007 10:19am
Quoting auslanco
I dont think the support is broken yet.. The last 1hr candle faild to close below 239.34
MT4: last 1hr candle closed below 239.34 @239.26
  • #4,591
  • Aug 7, 2007 10:25am Aug 7, 2007 10:25am
Aus,

I think there is pretty strong resistance at the 239.30 level.


(resistance to the downtrend.)
  • #4,592
  • Aug 7, 2007 10:26am Aug 7, 2007 10:26am
Quoting trader8686
MT4: last 1hr candle closed below 239.34 @239.26
I'm using VT charts and my 1hr candle also closed 239.26
  • #4,593
  • Aug 7, 2007 10:27am Aug 7, 2007 10:27am
Quoting auslanco
I dont think the support is broken yet.. The last 1hr candle faild to close below 239.34
Aus, Yes, did it not? The last 1hr closed at 239.30?
  • #4,594
  • Aug 7, 2007 10:31am Aug 7, 2007 10:31am
play it safe guys.. i'm going short @ 238.90 It may go all the way down to 236 area
  • #4,595
  • Aug 7, 2007 10:37am Aug 7, 2007 10:37am
Quoting auslanco
play it safe guys.. i'm going short @ 238.90 It may go all the way down to 236 area
Nice.
  • #4,596
  • Aug 7, 2007 10:38am Aug 7, 2007 10:38am
Quoting bill77
I'm using VT charts and my 1hr candle also closed 239.26

You are using the "Bid" price on your charts.. when You are short use the "ASK" price.
There's an option to change it on the bottom panal
  • #4,597
  • Aug 7, 2007 10:40am Aug 7, 2007 10:40am
Quoting auslanco
play it safe guys.. i'm going short @ 238.90 It may go all the way down to 236 area
my tp will come eventually
Trade what you see, not what you think.
  • #4,598
  • Aug 7, 2007 10:44am Aug 7, 2007 10:44am
Quoting auslanco
play it safe guys.. i'm going short @ 238.90 It may go all the way down to 236 area

I'm not sure that is playing it safe. Nothing is going to happen until the rate decision. At that point, your current setup may be totally wrong.
  • #4,599
  • Aug 7, 2007 10:44am Aug 7, 2007 10:44am
duff.. duff...
Attached Image
  • #4,600
  • Aug 7, 2007 10:46am Aug 7, 2007 10:46am
Quoting markam
I'm not sure that is playing it safe. Nothing is going to happen until the rate decision. At that point, your current setup may be totally wrong.

may be... we shall wait and see:
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