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

  • #7,301
  • Aug 14, 2007 6:02am Aug 14, 2007 6:02am
Quoting khaled22
did you mean it go 239 first then go down very fast?
I see up to just below 239 area
then, we go down again

but, anything can happen
Trade what you see, not what you think.
  • #7,302
  • Aug 14, 2007 6:05am Aug 14, 2007 6:05am
Quoting moneymagnet
if you draw a trendline on the hourly chart you will see that if we get a solid close above we should head toward the top of the bollinger band currently around 238.55 area but w/the 8:30am est announcements u never know
hmmm maybe that's why, I never base my desicions on anything less than 4Hr charts - 1HR and less I use them for confirmation only, anyways , let's wait and see
  • #7,303
  • Aug 14, 2007 6:17am Aug 14, 2007 6:17am
Seeing as we are all putting our figures in, I have three areas to watch out for if there is a significant retrace. These are based on fibo confluence areas on the 1H chart.
these are: 237.13, 237.77 and 238.79.

But as Moneymagnet points out, there is a trendline to contend with first.

Mike
  • #7,304
  • Edited 7:04am Aug 14, 2007 6:19am | Edited 7:04am
Quoting MikeW
Seeing as we are all putting our figures in, I have three areas to watch out for if there is a significant retrace. These are based on fibo confluence areas on the 1H chart.
these are: 237.13, 237.77 and 238.79.

But as Moneymagnet points out, there is a trendline to contend with first.

Mike
we think alike, don't forget the 50% (238.30), which was the bottom of the last fibo i drew and a hourly trendline as well
Trade what you see, not what you think.
  • #7,305
  • Aug 14, 2007 6:30am Aug 14, 2007 6:30am
Quoting karmostaji
we think alike, don't forget the 50% (238.30), which was the start of the last fibo i drew and a hourly trendline as well
Just went back quite a few pages looking for the chart you mentioned, haven't found it yet. ... I'll go back further.

  • #7,306
  • Aug 14, 2007 6:36am Aug 14, 2007 6:36am
237.13 was rejected TOO FAST lol

will wait for 1h to close
Trade what you see, not what you think.
  • #7,307
  • Aug 14, 2007 6:38am Aug 14, 2007 6:38am
Quoting mandoaddam
I don't know why I see end of retracs at 237.03 - 237.10 and I wana go short from this area

plz some one corect my view
I don't know why no one answerd me

but the market did answerd
If you count on hope in any trade ……. Get out of it
  • #7,308
  • Aug 14, 2007 6:43am Aug 14, 2007 6:43am
Quoting mandoaddam
I don't know why no one answerd me

but the market did answerd
Be careful of going short from this point mandoaddam, you will be running straight into some heavy support just below you. It's best to wait till the price clears the support first. If you are super confident about it dropping then you could put a sell order in underneath the support.

Mike
  • #7,309
  • Aug 14, 2007 6:45am Aug 14, 2007 6:45am
Quoting karmostaji
we think alike, don't forget the 50% (238.30), which was the start of the last fibo i drew and a hourly trendline as well
Was that the chart on page 479, post 7172?
  • #7,310
  • Aug 14, 2007 6:49am Aug 14, 2007 6:49am
Quoting auslanco
Long @ 236.50 TP 100 pips
dirty dirty
Take this trade if you want to LOOSE money

Don't get greedy.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,311
  • Aug 14, 2007 6:55am Aug 14, 2007 6:55am
Quoting MikeW
Be careful of going short from this point mandoaddam, you will be running straight into some heavy support just below you. It's best to wait till the price clears the support first. If you are super confident about it dropping then you could put a sell order in underneath the support.

Mike
thanks mike for your opinion ...
i'm short now from 237.10 (+ 40 points till now ) wish it take me to 236.08 before go up again
If you count on hope in any trade ……. Get out of it
  • #7,312
  • Aug 14, 2007 6:56am Aug 14, 2007 6:56am
Quoting mandoaddam
I don't know why no one answerd me

but the market did answerd
it's ok buddy don't take it personally, I too said right before your post that i see it will not go above 237.30 and no one answered, I just state my views just in case someone wants to discuss them with me in case there's an opportunity for one of us learning something new .... but if it goes unoticed, you still know you were able to make a good judgement (or a bad one!), and that's what every trader seeks.....good luck and many pips!
  • #7,313
  • Aug 14, 2007 7:04am Aug 14, 2007 7:04am
Quoting MikeW
Was that the chart on page 479, post 7172?
Here's an updated one, don't get confused ;P

http://img510.imageshack.us/img510/1928/gjsd6.gif
Trade what you see, not what you think.
  • #7,314
  • Aug 14, 2007 7:13am Aug 14, 2007 7:13am
If you are short be careful. This news event could push the GU up. It will drag the GJ with it.
  • #7,315
  • Aug 14, 2007 7:19am Aug 14, 2007 7:19am
Quoting auslanco
If you are short be careful. This news event could push the GU up. It will drag the GJ with it.
so you think the reports will take the gj up
  • #7,316
  • Aug 14, 2007 7:21am Aug 14, 2007 7:21am
Quoting karmostaji
Here's an updated one, don't get confused ;P
Thanks Karmostaji,

I took my levels off the 1H and only took the confluence within the two recent fib readings. The third, (which was the fib from the very top) didn't match the other two readings. - and I ended up with three lines that overlapped, hence my figures.

Mike
  • #7,317
  • Aug 14, 2007 7:24am Aug 14, 2007 7:24am
Quoting jarroo
Don't get greedy.

Jim
Sounds like you're still hurting!!
  • #7,318
  • Edited 7:41am Aug 14, 2007 7:27am | Edited 7:41am
Wow, what a run. A good movement down and still on the 4H Chart we didn't get a close beneath the 4H ascending trend line. We're also still boxed in by the descending bearish trend line. To top it all off the last 4H candle ended in a perfect Doji. My chart shows an open of 236.68 and a close of 236.68 with almost perfectly equal wicks (shadows). You don't see that often on a 4 Hour candle. Don't forget the bearish 1000 pip channel either. The center is now around 237.21, not too far from where price has been hanging around. As I stated about 4 hours ago in my last Chart post, something's gotta give!

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.jpg Size: 50 KB
  • #7,319
  • Aug 14, 2007 8:04am Aug 14, 2007 8:04am
Ok I have seen somebody looking for an indicator that might work on MT4 that might rival the QQE indicator. I look for your thoughts on this indicator and or perhaps even new settings? It is like most others when the market is coppy or flat but I like it when things are moving. I will try to attach one for fibs to see what the expers think?

Let me know what you think, but be nice?

kevin
Attached File(s)
File Type: ex4 Dynamic_Zone_RSI 2 pirate 2.ex4   4 KB | 413 downloads
  • #7,320
  • Aug 14, 2007 8:05am Aug 14, 2007 8:05am
The fib indicator for MT4 for you to check out?
Attached File(s)
File Type: ex4 FiboRetracement3.ex4   17 KB | 336 downloads
File Type: mq4 FiboRetracement3.mq4   16 KB | 386 downloads
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