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

  • #9,841
  • Aug 16, 2007 4:37pm Aug 16, 2007 4:37pm
  •  jmatt
  • | Joined Jul 2007 | Status: Forex is great, God is better!!! | 60 Posts
Quoting karmostaji
we came very close to it, 221.47 and the market said it was enough

I see a reversal on DOW like I was expecting, and I think GJ is going to reverse from here.. I warned you guys earlier from shorting again..
yeah, i got the warning and it was appreciated....but my platform froze and killed me
  • #9,842
  • Aug 16, 2007 4:40pm Aug 16, 2007 4:40pm
2hr strength indicator very close to crossing, also 4hr is close to crossing upwards. although price is well below the 4hr TFT line.
  • #9,843
  • Aug 16, 2007 4:43pm Aug 16, 2007 4:43pm
Guys i think we are in short up trend and we could see levels by 230!!!
  • #9,844
  • Aug 16, 2007 4:43pm Aug 16, 2007 4:43pm
Quoting jmatt
yeah, i got the warning and it was appreciated....but my platform froze and killed me
Me too here.

K: Do you think the market will retrace a little low recently, not 221 but 223? Sorry to bother you all the time.
  • #9,845
  • Aug 16, 2007 4:49pm Aug 16, 2007 4:49pm
Quoting happy_always20
Me too here.

K: Do you think the market will retrace a little low recently, not 221 but 223? Sorry to bother you all the time.
Right now I see 229, I don't see anything low.. but anything can happen

my 4h is a nice pin-bar, so price should go up and it is going up.. 239.50 is the 61.8 fibo from the last downward move, but my tp is 239.00
Trade what you see, not what you think.
  • #9,846
  • Aug 16, 2007 4:51pm Aug 16, 2007 4:51pm
Quoting karmostaji
Right now I see 239, I don't see anything low.. but anything can happen

my 4h is a nice pin-bar, so price should go up and it is going up.. 239.50 is the 61.8 fibo from the last downward move, but my tp is 239.00
You mean 229 intead of 239, right?
  • #9,847
  • Aug 16, 2007 4:53pm Aug 16, 2007 4:53pm
Quoting happy_always20
You mean 229 intead of 239, right?
yes 229, sorry for the typo
Trade what you see, not what you think.
  • #9,848
  • Aug 16, 2007 5:01pm Aug 16, 2007 5:01pm
I'll wait until it breaks the fibo 50 at 228 before going long , i'm too scared of some kind of bounce like we keep seeing
COT: The precious data ignored
  • #9,849
  • Aug 16, 2007 5:06pm Aug 16, 2007 5:06pm
Quoting karmostaji
yes 229, sorry for the typo
Hey Bro, how was the movies ? I didn't go , felt too lazy to drive down to city centre!

guys i'm very sorry some of you got burnt, I almost swore to you it was not a retracement, Karmo had a feeling before he left and warned as well, anyways put it behind and from now on let's all commit to disciplined trading in all cases days like today do not happen often
  • #9,850
  • Aug 16, 2007 5:08pm Aug 16, 2007 5:08pm
Good morning to all australians and good afternoon or evening to rest of you. we missed all the fun. the G/J went as low as 221.46? what the !@*#
  • #9,851
  • Aug 16, 2007 5:10pm Aug 16, 2007 5:10pm
http://www.forexfactory.com/showpost...&postcount=101

Fixes
Que
  • #9,852
  • Aug 16, 2007 5:11pm Aug 16, 2007 5:11pm
Quoting zoheir
Hey Bro, how was the movies ? I didn't go , felt too lazy to drive down to city centre!

guys i'm very sorry some of you got burnt, I almost swore to you it was not a retracement, Karmo had a feeling before he left and warned as well, anyways put it behind and from now on let's all commit to disciplined trading in all cases days like today do not happen often
so you dont think this is a retracement either?
  • #9,853
  • Aug 16, 2007 5:11pm Aug 16, 2007 5:11pm
Quoting zoheir
Hey Bro, how was the movies ? I didn't go , felt too lazy to drive down to city centre!

guys i'm very sorry some of you got burnt, I almost swore to you it was not a retracement, Karmo had a feeling before he left and warned as well, anyways put it behind and from now on let's all commit to disciplined trading in all cases days like today do not happen often
Ok!
  • #9,854
  • Aug 16, 2007 5:13pm Aug 16, 2007 5:13pm
Quoting Que
http://www.forexfactory.com/showpost...&postcount=101

Fixes
Que...I haven't tried these indicators yet but will they work with the mobile version of mt4?
  • #9,855
  • Aug 16, 2007 5:14pm Aug 16, 2007 5:14pm
Quoting zoheir
Hey Bro, how was the movies ? I didn't go , felt too lazy to drive down to city centre!

guys i'm very sorry some of you got burnt, I almost swore to you it was not a retracement, Karmo had a feeling before he left and warned as well, anyways put it behind and from now on let's all commit to disciplined trading in all cases days like today do not happen often
Hey Zoheir,

Actually went there but there was no good movie LOL, so I just went had dinner with my brother-in-law, talked a lot about forex with him, he's actually sitting in the other room reading babypips.com now LOL
Trade what you see, not what you think.
  • #9,856
  • Aug 16, 2007 5:15pm Aug 16, 2007 5:15pm
Quoting khmr
so you dont think this is a retracement either?
nope, I'm long since my last post with the chart
  • #9,857
  • Aug 16, 2007 5:16pm Aug 16, 2007 5:16pm
I think from here this point IT MIGHT be where the reversal is going to start, and my broad target is 251+, Mr. DOW is going to help us achieve that with the perfect reversal sign I see on the DOW chart

I'll post some charts in a while to explain what i'm saying

Comon 229, give me the 300 pips so I can end this day with 1000 ;P
Trade what you see, not what you think.
  • #9,858
  • Aug 16, 2007 5:18pm Aug 16, 2007 5:18pm
Guys, do you keep an eye out on news/fundamentals or just trade blindly? Indicators are great and all that.. but if the Feds announce a 25 or 50 bps rate cut - all your charts will be blown out - as GJ goes up 500 pips.

There were rumors that the Fed was having an emergency meeting later during the day - possibly to discuss and enforce a rate cut, which is why the markets turned around. So just have a news feed running in the background (I use oanda's basic feed.. it's great) Will help you exit trades in a sensible manner..
  • #9,859
  • Aug 16, 2007 5:18pm Aug 16, 2007 5:18pm
Quoting karmostaji
Hey Zoheir,

Actually went there but there was no good movie LOL, so I just went had dinner with my brother-in-law, talked a lot about forex with him, he's actually sitting in the other room reading babypips.com now LOL
good good, after he's done with babypips I have a couple of books that might be of interest , but then agin he's got the best tutor in dubai tell him I wish him luck and also tell him today was an exception in case that was the reason he wants in
  • #9,860
  • Aug 16, 2007 5:20pm Aug 16, 2007 5:20pm
I think it is too obvious, but we have a perfect looking pin-bar, plus we closed above the weekly trendline, plus we closed above the 50% fibo, after touching the 61.8%, If I was trading DOW, I would long it and have a big smile on my face

http://img402.imageshack.us/img402/3...wweeklyzl0.gif
Trade what you see, not what you think.
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