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

  • #7,861
  • Aug 15, 2007 2:43am Aug 15, 2007 2:43am
Quoting webstakes
I went long with a small lot at 232.18 . Pray for me that my stop loss is not hit....

good call, hope you are making some good pips
Trade what you see, not what you think.
  • #7,862
  • Aug 15, 2007 2:44am Aug 15, 2007 2:44am
market doing just what i was expecting, might enter a long in 15 mins

so patience!
Trade what you see, not what you think.
  • #7,863
  • Aug 15, 2007 2:49am Aug 15, 2007 2:49am
Quoting intelmaster
is the trend reversing?

or are we expecting a drop again??

I had a SL on my short

Well, have to be careful with my trades from now on... making silly mistakes everytime.
I'm projecting 231.00. We'll see if it hits or not. I have been expecting a bounce, but "my guess" is that it doesn't go higher than 234.00. Then again, what the hell do I know.
  • #7,864
  • Aug 15, 2007 2:50am Aug 15, 2007 2:50am
Quoting karmostaji
market doing just what i was expecting, might enter a long in 15 mins

so patience!

My estimate it will go long until GBP news.
  • #7,865
  • Aug 15, 2007 2:51am Aug 15, 2007 2:51am
whatever the case--remember the downtrend is not over yet--the fundies are just too big the news for unwinding to finish yet--
retracements will be in play ofcourse
  • #7,866
  • Aug 15, 2007 2:51am Aug 15, 2007 2:51am
Quoting auslanco
this is the last hour of the current 4hr candle with a massive bearish momentum. This hour will fire all it's guns to go as deep as possible before the retraco.
Hi Aus, I don't fully understand your logic here as 4h candles are not the same for all traders. For you and me on VT a 4h candle closes shorly, but for all on MT4 it closed nearly an hour ago and their new candle has been shooting up! any thoughts?
Consistency and patience is everything
  • #7,867
  • Aug 15, 2007 2:55am Aug 15, 2007 2:55am
Quoting karmostaji
Hey Jim,

Thanks, you're doing good too keep it up

which trade? the short we had?
Yes, the big short trade. You were dead on with that one.

Good Stuff.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,868
  • Aug 15, 2007 2:59am Aug 15, 2007 2:59am
Quoting jarroo
Yes, the big short trade. You were dead on with that one.

Good Stuff.

Jim
I've been screaming 232.50 the past couple of days, 232.50 is the 61.8% fibo level on daily, also a daily bottom channel is right there where price bounced off earlier, and on the 4H chart I had 138.2% fibo level lying at 233.40 which was my 1st target, the weekly 38.2% fibo is 231.71 where price bounced off earlier as well

so, 232.50 was a good target.. not too greedy nor too little
Trade what you see, not what you think.
  • #7,869
  • Aug 15, 2007 3:01am Aug 15, 2007 3:01am
I'm not feeling confident, I think there is another push down to 231.. I'll wait till after the news
Trade what you see, not what you think.
  • #7,870
  • Aug 15, 2007 3:04am Aug 15, 2007 3:04am
Quoting karmostaji
I'm not feeling confident, I think there is another push down to 231.. I'll wait till after the news
i followww...so far with u alhamdullilahh..
  • #7,871
  • Aug 15, 2007 3:12am Aug 15, 2007 3:12am
Quoting karmostaji
I've been screaming 232.50 the past couple of days, 232.50 is the 61.8% fibo level on daily, also a daily bottom channel is right there where price bounced off earlier, and on the 4H chart I had 138.2% fibo level lying at 233.40 which was my 1st target, the weekly 38.2% fibo is 231.71 where price bounced off earlier as well

so, 232.50 was a good target.. not too greedy nor too little
nice one
could you plz send me a captuer of your chart , to me , thanks CHART DEVIL
  • #7,872
  • Aug 15, 2007 3:16am Aug 15, 2007 3:16am
Quoting karmostaji
I've been screaming 232.50 the past couple of days, 232.50 is the 61.8% fibo level on daily, also a daily bottom channel is right there where price bounced off earlier, and on the 4H chart I had 138.2% fibo level lying at 233.40 which was my 1st target, the weekly 38.2% fibo is 231.71 where price bounced off earlier as well

so, 232.50 was a good target.. not too greedy nor too little

Thanks, Karm. Those fibs on higher time frames can be like magents at times.

Great confluence. Great work.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,873
  • Aug 15, 2007 3:22am Aug 15, 2007 3:22am
Whenever this retracement starts, I'm targeting 236 area
It is the 50% fibo on the daily and the 50% fib from the last move down (IF we dont go any lower)
Trade what you see, not what you think.
  • #7,874
  • Aug 15, 2007 3:22am Aug 15, 2007 3:22am
Quoting missmop
nice one
could you plz send me a captuer of your chart , to me , thanks CHART DEVIL

Karm's weekly chart is on page 523, post 7835.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,875
  • Aug 15, 2007 3:22am Aug 15, 2007 3:22am
Quoting karmostaji
Whenever this retracement starts, I'm targeting 236 area
It is the 50% fibo on the daily and the 50% fib from the last move down (IF we dont go any lower)
Amen
  • #7,876
  • Aug 15, 2007 3:24am Aug 15, 2007 3:24am
Quoting missmop
nice one
could you plz send me a captuer of your chart , to me , thanks CHART DEVIL
sure I will, but later today.. my chart is a big mess right now lol
Quoting jarroo
Thanks, Karm. Those fibs on higher time frames can be like magents at times.

Great confluence. Great work.

Jim
No probs, I'm a fib man like M2B said
Trade what you see, not what you think.
  • #7,877
  • Aug 15, 2007 3:25am Aug 15, 2007 3:25am
Quoting auslanco
I cant say it until the next 4 hr bar. However I will wait until the news relase @ 8.30 GMT before I take a new position.

Aus, now that the 4Hr Candle is close, I was wondering what your thoughts are ...

Thanks,

~G.
  • #7,878
  • Aug 15, 2007 3:26am Aug 15, 2007 3:26am
Quoting karmostaji
Whenever this retracement starts, I'm targeting 236 area
It is the 50% fibo on the daily and the 50% fib from the last move down (IF we dont go any lower)
Hi Karm. How do you confirm that retracement has started?
  • #7,879
  • Aug 15, 2007 3:27am Aug 15, 2007 3:27am
Quoting magiclino
Hi Karm. How do you confirm that retracement has started?
I said "whenever this retracement starts", I didnt say it started..
Trade what you see, not what you think.
  • #7,880
  • Aug 15, 2007 3:28am Aug 15, 2007 3:28am
Quoting karmostaji
I said "whenever this retracement starts", I didnt say it started..
Yes, I understand that. I was asking what "signal" confirms the start of the retracement.
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