You know what? I think the DOW is trying to hose us again.....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #5,582
- Aug 9, 2007 7:06am Aug 9, 2007 7:06am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Sure but don't you even Think about laughing at me..lol
Hope you got a 100 inch computer screen
- #5,586
- Aug 9, 2007 7:12am Aug 9, 2007 7:12am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
OK guys... I'm done for the day.. retracement is in progress. But GJ may retest the day's Low before NY close.
Pair has already done 400+ pips today.. so be careful as always
Have a great day everyone.
Pair has already done 400+ pips today.. so be careful as always
Have a great day everyone.
- #5,587
- Aug 9, 2007 7:14am Aug 9, 2007 7:14am
- | Membership Revoked | Joined Feb 2007 | 1,280 Posts
Should we then wait to the 4h retrace to 5 sma?
For me the trend is either up or down in respect of the 15m. level. and not looking at other tf.
But I agree with you to call it also a retracement.
Maybe I should call it the personal projected direction is up on a 15m. level. Without implying anything about the future direction on a longer time frame, yet.
Also, the projected direction can be wrong and changing. But for me it is the most likely direction in the time frame mentioned.
And using it for short term trades on GJ.
A.D.
But I agree with you to call it also a retracement.
Maybe I should call it the personal projected direction is up on a 15m. level. Without implying anything about the future direction on a longer time frame, yet.
Also, the projected direction can be wrong and changing. But for me it is the most likely direction in the time frame mentioned.
And using it for short term trades on GJ.
A.D.
- #5,592
- Aug 9, 2007 7:21am Aug 9, 2007 7:21am
- | Membership Revoked | Joined Feb 2007 | 1,280 Posts
For me the trend is either up or down in respect of the 15m. level. and not looking at other tf.
But I agree with you to call it also a retracement.
Maybe I should call it the personal projected direction is up on a 15m. level. Without implying anything about the future direction on a longer time frame, yet.
Also, the projected direction can be wrong and changing. But for me it is the most likely direction in the time frame mentioned.
And using it for short term trades on GJ.
A.D.
- #5,594
- Aug 9, 2007 7:21am Aug 9, 2007 7:21am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #5,596
- Aug 9, 2007 7:32am Aug 9, 2007 7:32am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.