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

  • #4,741
  • Aug 7, 2007 2:48pm Aug 7, 2007 2:48pm
Quoting khaled22
90% correct th JPY will go to 119.20
now there is R1 119.05 then we will see JPY at 119.30 and GBP/JPY at 241.60
correct me if i wrong
  • #4,742
  • Aug 7, 2007 2:51pm Aug 7, 2007 2:51pm
Quoting khaled22
now there is R1 119.05 then we will see JPY at 119.30 and GBP/JPY at 241.60
correct me if i wrong
I'll kiss you if you are right.. im long
  • #4,743
  • Aug 7, 2007 2:52pm Aug 7, 2007 2:52pm
Quoting mjolimer
should wait for the next confirm bar? or just go for it?
cross over 50 line
  • #4,744
  • Aug 7, 2007 2:57pm Aug 7, 2007 2:57pm
Wow ! DOW GAVE AWAY all the postive and now it is negative
  • #4,745
  • Aug 7, 2007 2:59pm Aug 7, 2007 2:59pm
what a day !
  • #4,746
  • Aug 7, 2007 3:03pm Aug 7, 2007 3:03pm
ok fellows enjoy the ride UP... I'm done for the day
  • #4,747
  • Aug 7, 2007 3:05pm Aug 7, 2007 3:05pm
Quoting auslanco
ok fellows enjoy the ride UP... I'm done for the day
thanks for hedging strategy info last night
get some sleep!
Bring It...
  • #4,748
  • Aug 7, 2007 3:59pm Aug 7, 2007 3:59pm
I couldn't resist. Don't mess with the "bulls"

Have a look

http://ugv.abcnews.go.com/player.aspx?id=556758
  • #4,749
  • Aug 7, 2007 4:29pm Aug 7, 2007 4:29pm
Quoting karmostaji
I still have my earlier long (the one I opened @ 241.10), just added another one now
But lets not to forget that it may have a retracement Karmo!
  • #4,750
  • Aug 7, 2007 4:32pm Aug 7, 2007 4:32pm
Well darn the luck, I wake up and am ready to trade and nothing is going on Anywhere.
  • #4,751
  • Aug 7, 2007 5:04pm Aug 7, 2007 5:04pm
Quoting kevinsw
Well darn the luck, I wake up and am ready to trade and nothing is going on Anywhere.
Even though forex is a 24/7 market, most volume takes place during business hours in Asia, London & US with it peaking during US & London overlap.
  • #4,752
  • Aug 7, 2007 5:04pm Aug 7, 2007 5:04pm
Quoting Venturess
I couldn't resist. Don't mess with the "bulls"

Have a look

http://ugv.abcnews.go.com/player.aspx?id=556758
WOW! Great video. Just to keep things fair, here's one for the bears.

Inserted Video
  • #4,753
  • Edited 5:27pm Aug 7, 2007 5:05pm | Edited 5:27pm
Kevin, you got lucky sleeping through this thread today. There was more chaos and multidirectional decisions with the "brass" of the thread getting stopped out again, changing directions a few times, talking of the "ride down, then the ride up, and using 30 minute charts.

So, here's some more help for those who want to listen. Attached please find the 4hr chart with upper/lower trendlines and an arrow highlighting the 20:00 hr "news bar". Note how the lower is still intact AND the upper is still intact. You can trade in between but need to wait for a CLOSE outside one of these lines for anything bigger. (note how it's still intact as you're reading this)

If you had dropped down to the 1hr during the 20:00 news bar, the lower trendline from the 4hr at 239.54 ish would still have been intact closing inside this triangle at 240.21 ish keeping you from shorting in a big way.

Using a 30m which isn't used a whole lot in the "biz" (I learned this 2 years ago cutting my teeth on the old Bunnygirl system. Hey, ya gotta start somewhere!), would've given you a terrible fakeout with a close at 238.78 ish only for the next bar north.

Guys, pull back, look at the bigger picture. Trendlines are a powerful tool. Posting back and forth with the "I think it's going down, DOW blah blah, It's going up..." is only going to kill your accounts. This is not arguable as we've witnessed this now for 3 trading days in a row. Edit: Also, if you're going to use a Daily for your analysis, like I mentioned the other day - get rid of that 5 SMA and put a 10, 20 and 50 on there for crying out loud!!!

Good luck/Good trading,

kt
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 99 KB
  • #4,754
  • Aug 7, 2007 5:32pm Aug 7, 2007 5:32pm
Quoting Venturess
I couldn't resist. Don't mess with the "bulls"

Have a look

http://ugv.abcnews.go.com/player.aspx?id=556758
As someone who has been to Africa and seen a lion kill on a safari that was very interesting. And the correlation to the herd mentality that sometimes drives the market was not lost on me.

M2B
  • #4,755
  • Aug 7, 2007 5:36pm Aug 7, 2007 5:36pm
Quoting Pips_Cruiser
WOW! Great video. Just to keep things fair, here's one for the bears.

http://www.youtube.com/watch?v=teHdUV93WHs
That was pretty cool. Thanks Pips_Cruiser! Yup, the past couple days have been the case for both the bulls and the bears. Hopefully soon this situation will change.
  • #4,756
  • Aug 7, 2007 5:49pm Aug 7, 2007 5:49pm
Quoting ktrade
Kevin, you got lucky sleeping through this thread today. There was more chaos and multidirectional decisions with the "brass" of the thread getting stopped out again, changing directions a few times, talking of the "ride down, then the ride up, and using 30 minute charts.

So, here's some more help for those who want to listen. Attached please find the 4hr chart with upper/lower trendlines and an arrow highlighting the 20:00 hr "news bar". Note how the lower is still intact AND the upper is still intact. You can trade in between but need to wait for a CLOSE outside one of these lines for anything bigger. (note how it's still intact as you're reading this)

If you had dropped down to the 1hr during the 20:00 news bar, the lower trendline from the 4hr at 239.54 ish would still have been intact closing inside this triangle at 240.21 ish keeping you from shorting in a big way.

Using a 30m which isn't used a whole lot in the "biz" (I learned this 2 years ago cutting my teeth on the old Bunnygirl system. Hey, ya gotta start somewhere!), would've given you a terrible fakeout with a close at 238.78 ish only for the next bar north.

Guys, pull back, look at the bigger picture. Trendlines are a powerful tool. Posting back and forth with the "I think it's going down, DOW blah blah, It's going up..." is only going to kill your accounts. This is not arguable as we've witnessed this now for 3 trading days in a row. Edit: Also, if you're going to use a Daily for your analysis, like I mentioned the other day - get rid of that 5 SMA and put a 10, 20 and 50 on there for crying out loud!!!

Good luck/Good trading,

kt
appreciate the info re the 4h analysis kt, found it helpful!
Bring It...
  • #4,757
  • Aug 7, 2007 5:59pm Aug 7, 2007 5:59pm
Quoting my2buoys
As someone who has been to Africa and seen a lion kill on a safari that was very interesting. And the correlation to the herd mentality that sometimes drives the market was not lost on me.

M2B
Glad you noticed M2B. Incidentally, I was born in Africa (Mombasa, Kenya) to be precise! Hope you got to visit.
  • #4,758
  • Aug 7, 2007 6:15pm Aug 7, 2007 6:15pm
Quoting ktrade
Kevin, you got lucky sleeping through this thread today. There was more chaos and multidirectional decisions with the "brass" of the thread getting stopped out again, changing directions a few times, talking of the "ride down, then the ride up, and using 30 minute charts.

So, here's some more help for those who want to listen. Attached please find the 4hr chart with upper/lower trendlines and an arrow highlighting the 20:00 hr "news bar". Note how the lower is still intact AND the upper is still intact. You can trade in between but need to wait for a CLOSE outside one of these lines for anything bigger. (note how it's still intact as you're reading this)

If you had dropped down to the 1hr during the 20:00 news bar, the lower trendline from the 4hr at 239.54 ish would still have been intact closing inside this triangle at 240.21 ish keeping you from shorting in a big way.

Using a 30m which isn't used a whole lot in the "biz" (I learned this 2 years ago cutting my teeth on the old Bunnygirl system. Hey, ya gotta start somewhere!), would've given you a terrible fakeout with a close at 238.78 ish only for the next bar north.

Guys, pull back, look at the bigger picture. Trendlines are a powerful tool. Posting back and forth with the "I think it's going down, DOW blah blah, It's going up..." is only going to kill your accounts. This is not arguable as we've witnessed this now for 3 trading days in a row. Edit: Also, if you're going to use a Daily for your analysis, like I mentioned the other day - get rid of that 5 SMA and put a 10, 20 and 50 on there for crying out loud!!!

Good luck/Good trading,

kt
Thanks for the lesson now I will work just a bit herder on my trend lines.

I must say that from looking at your chart we are due for a break out one way or the other any time now.

Probably happen when I am at work tonight just to tick me off..lol
  • #4,759
  • Aug 7, 2007 7:04pm Aug 7, 2007 7:04pm
Quoting kevinsw
Thanks for the lesson now I will work just a bit herder on my trend lines.

I must say that from looking at your chart we are due for a break out one way or the other any time now.

Probably happen when I am at work tonight just to tick me off..lol
I don't know if you are at work or not but in an hour or so it may be a good point for going long.
if u are folowing A's strat 1hr Si just crossed the 50 line with 4h bullish so it should be a sign for 200 pips up.
We still need this hour bar to close above those trendlines somewhere around 241.20 by looking at my chart.
  • #4,760
  • Aug 7, 2007 7:10pm Aug 7, 2007 7:10pm
There is a descent line running down the peaks.. current level is around 240.85. You can see it, for example, by drawing a line down the recent peaks in 8 hour charts.

In my opinion, it is very unlikely that price will rise above this descent line.
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