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

  • #5,121
  • Aug 8, 2007 2:25pm Aug 8, 2007 2:25pm
Quoting magiclino
Karmo, since the retrace already hit the 1hr 5sma, it's going to try to hit the 4hr 5sma, right?
maybe, many fibo levels before the 5SMA 4h, im expecting it to atleast go down to 242.75
Trade what you see, not what you think.
  • #5,122
  • Aug 8, 2007 2:27pm Aug 8, 2007 2:27pm
Quoting ffkly
time to short now? SI on 1hr chart has turned to downward now
What else does your 1hr chart tell you?
Is the stoch overbought, and 1 of the lines has just crossed down?
Do you have fibo on your chart, giving a target of a possible retracement?
Has your smallest MA (I use the 5), started down?
Do we seem to have hit daily resistance?
The answer is on your chart. Or at least a probability.
  • #5,123
  • Aug 8, 2007 2:28pm Aug 8, 2007 2:28pm
The dow has actually turned negative on the day. We could see a sharp drop down in GJ
  • #5,124
  • Aug 8, 2007 2:28pm Aug 8, 2007 2:28pm
aus,

i mainly use your methods supported by info learned from karmo, monarch, and others, my acct is up by 12%!
thank you for all your teaching and support, excellent thread

jules
Bring It...
  • #5,125
  • Aug 8, 2007 2:30pm Aug 8, 2007 2:30pm
Quoting karmostaji
maybe, many fibo levels before the 5SMA 4h, im expecting it to atleast go down to 242.75
Yeah, right. Fibs are in my charts, just wasn't paying attention to them. Thanks.
  • #5,126
  • Aug 8, 2007 2:32pm Aug 8, 2007 2:32pm
Quoting jules
aus,

i mainly use your methods supported by info learned from karmo, monarch, and others, my acct is up by 12%!
thank you for all your teaching and support, excellent thread

jules

Id have to agree, excellent thread. Definitely one of the three i visit many times daily.
  • #5,127
  • Aug 8, 2007 2:33pm Aug 8, 2007 2:33pm
SymbolLastChangeDow13,494.22http://us.i1.yimg.com/us.yimg.com/i/...3rd/down_r.gif 10.08 (0.07%)

As I was saying about market sentiment turning instantly. It was up 200 points just a little while ago
  • #5,128
  • Aug 8, 2007 2:33pm Aug 8, 2007 2:33pm
Quoting ffkly
time to short now? SI on 1hr chart has turned to downward now
I think it may bounce off the pivot at 24308 ish.. i wouldnt go short..

But then again.. i miss a lot of good moves...
  • #5,129
  • Aug 8, 2007 2:34pm Aug 8, 2007 2:34pm
Quoting ffkly
time to short now? SI on 1hr chart has turned to downward now
Don't get too anxious.

Looking at all the yen pairs, they are all playing with the 23.6 - 38.2 fib range. Will they move lower or bounce up. Wait for the 4H.

GJ is right at the 23.6.

Remember every healthy move needs a rest.
  • #5,130
  • Aug 8, 2007 2:35pm Aug 8, 2007 2:35pm
my 1 hour chart...trade retracement target profit 38.2% and 50% or 61.8..
Attached Image (click to enlarge)
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  • #5,131
  • Aug 8, 2007 2:37pm Aug 8, 2007 2:37pm
Quoting jules
aus,

i mainly use your methods supported by info learned from karmo, monarch, and others, my acct is up by 12%!
thank you for all your teaching and support, excellent thread

jules
THat's great Jules, just be careful of your leverage level and the percentage you risk on each trade , I doubled my first live mini in 45 days and blew it in 4 hours - just because I was leveraging 100:1 !!!! never paid attention back then , now I am very careful.

Best of luck mate.
  • #5,132
  • Aug 8, 2007 2:37pm Aug 8, 2007 2:37pm
Quoting Richardj
Descending MA15 on Daily now at 243.98 - which is, I believe, about top possible level for GBPJPY.

From here on, I personally believe we will drop to 239.00 (well, just below) support, at least.
Very much like so.
  • #5,133
  • Aug 8, 2007 2:38pm Aug 8, 2007 2:38pm
Maybe it will make it down to the 38 fib.. 24247?...
  • #5,134
  • Aug 8, 2007 2:39pm Aug 8, 2007 2:39pm
coming back to the 61.8 fib line?
  • #5,135
  • Aug 8, 2007 2:42pm Aug 8, 2007 2:42pm
Quoting bmwboyee
coming back to the 61.8 fib line?
61.8? what high/low fibo you used? at what price is this fibo level?
Trade what you see, not what you think.
  • #5,136
  • Aug 8, 2007 2:46pm Aug 8, 2007 2:46pm
241.30 ish
  • #5,137
  • Aug 8, 2007 2:51pm Aug 8, 2007 2:51pm
Quoting markam
SymbolLastChangeDow13,494.22http://us.i1.yimg.com/us.yimg.com/i/...3rd/down_r.gif 10.08 (0.07%)

As I was saying about market sentiment turning instantly. It was up 200 points just a little while ago

A new indicator to follow. The premenopausal emotionality in the US / global markets... better to move out of the way until the 'mood swings' dissipate.


Dr. D.
  • #5,138
  • Aug 8, 2007 2:54pm Aug 8, 2007 2:54pm
been away for awhile I see nobody went short, nasty to be caught in this range 242.75 244 even if the smaller tf seem to go back to bullish, so again pacience...
  • #5,139
  • Aug 8, 2007 2:55pm Aug 8, 2007 2:55pm
so the dow moves over 100 pts in 10 minutes. pure manipulation.
  • #5,140
  • Aug 8, 2007 2:58pm Aug 8, 2007 2:58pm
Quoting markam
The dow has actually turned negative on the day. We could see a sharp drop down in GJ

Dow moving back just above +100 just before the closing bell. Some of the reaction was from an unfounded rumor. LOL watching CNBC
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