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

  • #5,481
  • Aug 9, 2007 5:25am Aug 9, 2007 5:25am
Quoting karmostaji
fibo & support levels just by looking at the chart
Hmmm..i got it. Based on support level at GJ H1 chart.
Thanks Karmostaji
New Forex Trader
  • #5,482
  • Aug 9, 2007 5:25am Aug 9, 2007 5:25am
This is lilmoe's previous chart but on a 4H Chart. Based on this it could definitely hit 239 unlless the Fibo at 239.60 holds it up.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.jpg Size: 42 KB
  • #5,483
  • Aug 9, 2007 5:26am Aug 9, 2007 5:26am
Quoting Holypendant
Aus, frm ur experience, if GJ fall dwn to 237 area again, wuld u tink it will be a gd long entry from there?

Only if my indicators line up like now.
  • #5,484
  • Aug 9, 2007 5:26am Aug 9, 2007 5:26am
Quoting amsterdanny
5 m. trend: Down

A.D.
  • #5,485
  • Aug 9, 2007 5:26am Aug 9, 2007 5:26am
Quoting Holypendant
seeing 2 different type of views on tis pair.. tis thread is saying GJ dwn while anyother thread, we had bravado saying GJ goes up... haha
I read it a few times & saw the news article he posted but it was yesterdays.

I think he was posting his pips count with the news for yesterday( i noted the date)

Then someone said they smell "bull" all a little ambiguous as I thought an up on initial reading but the date got it for me & his pip post.

That is how I understood it, I could be wrong.
Le singe est dans l'arbre
  • #5,486
  • Aug 9, 2007 5:26am Aug 9, 2007 5:26am
Hello all,

Just got home so I have not had a chance to do much more than read this page but will skim the ones since I was last here soon.

I just wanted to see what your thoughts are of the DOW opening up down. Thinking about how it affects this pair would lead me to believe that it may go to the bears to start the morning.
  • #5,487
  • Aug 9, 2007 5:27am Aug 9, 2007 5:27am
Reminder: TP 239.20 for Moi
Trade what you see, not what you think.
  • #5,488
  • Aug 9, 2007 5:27am Aug 9, 2007 5:27am
Quoting auslanco
1 hr momentum indicator didnt show a retracement.. 30min did... so went with that.... not the ideal thing to do...
How do you read the momentum for retracement?
  • #5,489
  • Aug 9, 2007 5:28am Aug 9, 2007 5:28am
Quoting hi6hlander
I read it a few times & saw the news article he posted but it was yesterdays.

I think he was posting his pips count with the news for yesterday( i noted the date)

Then someone said they smell "bull" all a little ambiguous as I thought an up on initial reading but the date got it for me & his pip post.

That is how I understood it, I could be wrong.

yeah... i was the one. was asking him izzit bull? coz my chart is dwn trend but possible for it to go up b4 dwn again...
  • #5,490
  • Aug 9, 2007 5:29am Aug 9, 2007 5:29am
support @ Daily TFT
  • #5,491
  • Aug 9, 2007 5:29am Aug 9, 2007 5:29am
where will this stop?
whats your TP?
  • #5,492
  • Aug 9, 2007 5:30am Aug 9, 2007 5:30am
Quoting karmostaji
good support @ 239.15, if that gets broken.. we have another support @ 238.55, then @ 237.55
we have good support here to trend lines and fibs 239.80, but there again like A says if the indicators don't say the same story then probably it will be broken
  • #5,493
  • Aug 9, 2007 5:31am Aug 9, 2007 5:31am
Quoting karmostaji
fibo & support levels just by looking at the chart
What about the 38.2 of last major uptrend @ 239.46?
  • #5,494
  • Aug 9, 2007 5:32am Aug 9, 2007 5:32am
Thanks Aus...
  • #5,495
  • Aug 9, 2007 5:33am Aug 9, 2007 5:33am
Quoting Majd
What about the 38.2 of last major uptrend @ 239.46?
That too ofcourse
Trade what you see, not what you think.
  • #5,496
  • Aug 9, 2007 5:36am Aug 9, 2007 5:36am
Quoting karmostaji
That too ofcourse
Aus, just said support at daily TFT ?
  • #5,497
  • Aug 9, 2007 5:37am Aug 9, 2007 5:37am
Quoting auslanco
support @ Daily TFT
Should we TP @ Daily TFT?
  • #5,498
  • Aug 9, 2007 5:38am Aug 9, 2007 5:38am
auslanco and karmostaji, you guys are the best!! can't wait to understand my charts and build my confidence level like you guys!!! i am deligently studying the charts hoping to arrive at the same information you are getting. way to go!!!
  • #5,499
  • Aug 9, 2007 5:42am Aug 9, 2007 5:42am
Quoting trader8686
Should we TP @ Daily TFT?
sorry trader8686 but what is tft? i should already know this but there is a lot of info in my head now. my head still spining from the first drop few hours ago:surprised
  • #5,500
  • Aug 9, 2007 5:43am Aug 9, 2007 5:43am
Quoting edkami
auslanco and karmostaji, you guys are the best!! can't wait to understand my charts and build my confidence level like you guys!!! i am deligently studying the charts hoping to arrive at the same information you are getting. way to go!!!
I agree.. more than their knowledge.. it's their confidence that really inspires me. I've always held on to my losing trades, and cut short my winners - thanks you two.. for sharing. If you're ever in Los Angeles.. you know someone who's going to take you around and make you have a great time
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