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

  • #5,681
  • Aug 9, 2007 11:22am Aug 9, 2007 11:22am
Quoting PipBuLL007
4H bottom trendline plus double bottom
Don't get into the double bottom too early as it could just fake you out.
Le singe est dans l'arbre
  • #5,682
  • Aug 9, 2007 11:22am Aug 9, 2007 11:22am
Quoting karmostaji
If price bounces off trendline or the lowest today, I'll buy again
i also don't want to miss that train...
  • #5,683
  • Aug 9, 2007 11:24am Aug 9, 2007 11:24am
Price might drop on red thick line and continue to follow it, but I am not expecting that. Yet i'm still short with partial lot.
Attached Image (click to enlarge)
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  • #5,684
  • Aug 9, 2007 11:25am Aug 9, 2007 11:25am
Quoting markam
I updated my mesa analysis to show the accuracy of my methods Just wait until you see my Grand Canyon analysis!!!http://farm2.static.flickr.com/1407/...b8caede8b3.jpg
nice pic , congrats bro
  • #5,685
  • Aug 9, 2007 11:26am Aug 9, 2007 11:26am
i think ur right... everything is pointing down on 4hr and 8 hr and if the day closes here it looks bearish

Quoting hi6hlander
Don't get into the double bottom too early as it could just fake you out.
  • #5,686
  • Aug 9, 2007 11:26am Aug 9, 2007 11:26am
Quoting markam
I updated my mesa analysis to show the accuracy of my methods Just wait until you see my Grand Canyon analysis!!!http://farm2.static.flickr.com/1407/...b8caede8b3.jpg
it reminds me to my avatar
lol
  • #5,687
  • Aug 9, 2007 11:32am Aug 9, 2007 11:32am
dow just broke today's low
  • #5,688
  • Aug 9, 2007 11:33am Aug 9, 2007 11:33am
gonna wait till hour candle closes
  • #5,689
  • Aug 9, 2007 11:34am Aug 9, 2007 11:34am
dow is heading down
  • #5,690
  • Aug 9, 2007 11:34am Aug 9, 2007 11:34am
long 239.30. with TIGHT s/l
  • #5,691
  • Aug 9, 2007 11:35am Aug 9, 2007 11:35am
Closed my quick scalp for +71

not bad at all, I was never into scalping but I just couldn't resist, btw 'A' system is great for scalping especially when 15m,30m,1h,4h all point to the same direction.

Price is sitting on lower trendline, I'll wait till hourly closes and see what to do next..
Trade what you see, not what you think.
  • #5,692
  • Aug 9, 2007 11:36am Aug 9, 2007 11:36am
to break or not to break, that is the question!
  • #5,693
  • Aug 9, 2007 11:38am Aug 9, 2007 11:38am
we will see in 25 mins if its to break or not to break
  • #5,694
  • Aug 9, 2007 11:40am Aug 9, 2007 11:40am
Quoting bmwboyee
long 239.30. with TIGHT s/l
Me too 239.30 long, sl 238.80, this time it must work , even though I feel it will range a while before hitting the tp, what is your tight sl?
  • #5,695
  • Aug 9, 2007 11:42am Aug 9, 2007 11:42am
wowwww, bounced like a ball just by touching it!!!!!
  • #5,696
  • Aug 9, 2007 11:43am Aug 9, 2007 11:43am
239.19 looked good right now..
  • #5,697
  • Aug 9, 2007 11:43am Aug 9, 2007 11:43am
i'm so tempted to enter long!
  • #5,698
  • Aug 9, 2007 11:45am Aug 9, 2007 11:45am
Quoting lilmoe
i'm so tempted to enter long!
me to but i didnt yet im going to wait till the 1hr candle maybe it will go down a bit b4 it goes up... or who knows it might break the trend ... lets wait and see
  • #5,699
  • Aug 9, 2007 11:45am Aug 9, 2007 11:45am
im tempted to go long too!!!

well.. i'll sit out for a minute and watch..
  • #5,700
  • Aug 9, 2007 11:48am Aug 9, 2007 11:48am
GANG, stop trying to jump the gun. i went long from my 10 years of stock trading experience and how i read the DOW. it had nothing to do with gbp/jpy, i went long based on the dip on the Dow. the level coudl be tested again but I see the dow not dropping hard anymore today. i don't think gbp/jpy will break through but that is my opinion.
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