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

  • #5,681
  • Aug 9, 2007 1:22pm Aug 9, 2007 1:22pm
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 1:22pm Aug 9, 2007 1:22pm
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 1:24pm Aug 9, 2007 1:24pm
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 1:25pm Aug 9, 2007 1:25pm
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 1:26pm Aug 9, 2007 1:26pm
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 1:26pm Aug 9, 2007 1:26pm
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 1:32pm Aug 9, 2007 1:32pm
dow just broke today's low
  • #5,688
  • Aug 9, 2007 1:33pm Aug 9, 2007 1:33pm
gonna wait till hour candle closes
  • #5,689
  • Aug 9, 2007 1:34pm Aug 9, 2007 1:34pm
dow is heading down
  • #5,690
  • Aug 9, 2007 1:34pm Aug 9, 2007 1:34pm
long 239.30. with TIGHT s/l
  • #5,691
  • Aug 9, 2007 1:35pm Aug 9, 2007 1:35pm
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 1:36pm Aug 9, 2007 1:36pm
to break or not to break, that is the question!
  • #5,693
  • Aug 9, 2007 1:38pm Aug 9, 2007 1:38pm
we will see in 25 mins if its to break or not to break
  • #5,694
  • Aug 9, 2007 1:40pm Aug 9, 2007 1:40pm
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 1:42pm Aug 9, 2007 1:42pm
wowwww, bounced like a ball just by touching it!!!!!
  • #5,696
  • Aug 9, 2007 1:43pm Aug 9, 2007 1:43pm
239.19 looked good right now..
  • #5,697
  • Aug 9, 2007 1:43pm Aug 9, 2007 1:43pm
i'm so tempted to enter long!
  • #5,698
  • Aug 9, 2007 1:45pm Aug 9, 2007 1:45pm
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 1:45pm Aug 9, 2007 1:45pm
im tempted to go long too!!!

well.. i'll sit out for a minute and watch..
  • #5,700
  • Aug 9, 2007 1:48pm Aug 9, 2007 1:48pm
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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