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

  • #13,841
  • Aug 23, 2007 1:15am Aug 23, 2007 1:15am
Quoting irving
hello can anybody tellme where what is an MT4 and how I can use it
Hi
Good place to start learning about mt4 ( Metatrader ) is here.
http://www.forexfactory.com/forumdisplay.php?f=69
Cheers
Antra
  • #13,842
  • Aug 23, 2007 1:16am Aug 23, 2007 1:16am
Quoting Antra
Hi
Good place to start learning about mt4 ( Metatrader ) is here.
http://www.forexfactory.com/forumdisplay.php?f=69
Cheers
Antra
thanks
  • #13,843
  • Aug 23, 2007 1:20am Aug 23, 2007 1:20am
Quoting daytek
Hey pal,

May we see that chart?

Here you go....

Waiting for price to surpass 231.55 to complete a sib wave 1 for this final Wave 5 inside the Wave C up.

Once it breaks that, will wait for a retracement for the Wave 2 down around 61.8% ATLEAST TO 78.6% for the end of Sub-wave 2 then off we go to 235.5.

Just what I think, but will be watching to exit at once if things go the other way.


EG
Attached Image (click to enlarge)
Click to Enlarge Name: scalped gbpjpy short_002.jpg Size: 52 KB
  • #13,844
  • Aug 23, 2007 1:26am Aug 23, 2007 1:26am
exiting g/j at 231.45-- + 85
will reenter again after brk of the fib
  • #13,845
  • Aug 23, 2007 1:28am Aug 23, 2007 1:28am
Quoting el grande
Here you go....

Waiting for price to surpass 231.55 to complete a sib wave 1 for this final Wave 5 inside the Wave C up.

Once it breaks that, will wait for a retracement for the Wave 2 down around 61.8% ATLEAST TO 78.6% for the end of Sub-wave 2 then off we go to 235.5.

Just what I think, but will be watching to exit at once if things go the other way.


EG
Question. Didn't the retracement for Wave 2 down to 61.8% not just happen? It went all the way to 230.43. Thank you. sw
The Will is Greater than the Skill
  • #13,846
  • Aug 23, 2007 1:28am Aug 23, 2007 1:28am
another failed attempt to break 231.65
  • #13,847
  • Aug 23, 2007 1:29am Aug 23, 2007 1:29am
231.55 is like hadrians wall,when it breaks
  • #13,848
  • Aug 23, 2007 1:29am Aug 23, 2007 1:29am
Quoting Hakuna Matata
not really

why dont u chk the 15min TF and see what happend at 50ema last 2 candles
You are right about the 50ema it also behave like the 62ema but you are also seeing price react to the 200ema in a lower TF
  • #13,849
  • Aug 23, 2007 1:34am Aug 23, 2007 1:34am
did it break the fib?
  • #13,850
  • Aug 23, 2007 1:35am Aug 23, 2007 1:35am
very strong resistance at Fibo 50% H4 chart...
New Forex Trader
  • #13,851
  • Aug 23, 2007 1:37am Aug 23, 2007 1:37am
Is Fukui done speaking?
  • #13,852
  • Aug 23, 2007 1:37am Aug 23, 2007 1:37am
Quoting bluerose
another failed attempt to break 231.65
Yup...think I will just wait until a candle closes above like 231.75 or so.

Tough fib...
  • #13,853
  • Aug 23, 2007 1:39am Aug 23, 2007 1:39am
so where are going now?
  • #13,854
  • Aug 23, 2007 1:44am Aug 23, 2007 1:44am
Quoting irving
so where are going now?
If it don't break that fib at 231.65 I am not sure...
  • #13,855
  • Aug 23, 2007 1:48am Aug 23, 2007 1:48am
Man... No clue at all??


The Bank of Japan retains monthly economic assessment in August in its Monthly Report of Recent Economic and Financial Developments for August on Thursday. The central bank stated that "Japan''s economy is expanding moderately", using the exact wording from its July report. Regarding the economic growth outlook, the central bank reiterated that "Japan''s economy is expected to continue expanding moderately." Earlier in the day, the BoJ left its key interest rate unchanged at 0.50%. The Bank of Japan''s Monetary Policy Board voted 8-1 to maintain the interest rate at 0.50%. The central bank said in the foreign exchange and capital markets, long-term interest rates and stock prices declined on the backdrop of increased global uncertainties arising from the subprime mortgage problem in the United States. The annual rate of change in the money stock was around 2%. For comments and feedback: contact [email protected]opyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved
Hello World
  • #13,856
  • Aug 23, 2007 1:49am Aug 23, 2007 1:49am
Quoting skillwill
Question. Didn't the retracement for Wave 2 down to 61.8% not just happen? It went all the way to 230.43. Thank you. sw

I think it is in process now.

Wave 1 reached 231.54 level only though... but will take my chances on this one. it is just too close to breaking it.

Currently at 50% retracement now.

EG
  • #13,857
  • Aug 23, 2007 1:50am Aug 23, 2007 1:50am
Quoting irving
hello can anybody tellme where what is an MT4 and how I can use it

Hi MT4 is metatrader 4 a charting and broker platform.

There are a number of brokers who use this and it's a good idea to open a demo account to get used to using it.

I don't use it myself, but have tried it.

The version i have is from FXDO. Many people like it and use it.

I prefer v trader and it-finance.com charts (which my broker uses)

Good luck.
  • #13,858
  • Aug 23, 2007 1:51am Aug 23, 2007 1:51am
A save Long I think...Fundamentally, GBP is better, stochastic is starting to cross-over again in 5min chart. Prepare for a run
Hello World
  • #13,859
  • Aug 23, 2007 1:54am Aug 23, 2007 1:54am
Quoting irving
so where are going now?
A long if 50 Fibo is broken or buying a dip at 38.2
  • #13,860
  • Aug 23, 2007 1:56am Aug 23, 2007 1:56am
Quoting waf_1988
A save Long I think...Fundamentally, GBP is better, stochastic is starting to cross-over again in 5min chart. Prepare for a run
A run for the bulls I hope...??
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