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

  • #14,141
  • Aug 23, 2007 7:54am Aug 23, 2007 7:54am
Quoting karmostaji
I will just keep adding longs, I'm the bull man
karm...you got some BIG kahonies...I have 3 positions out now...lol
  • #14,142
  • Aug 23, 2007 7:54am Aug 23, 2007 7:54am
Quoting karmostaji
I will just keep adding longs, I'm the bull man

LOL. Your the man
COT: The precious data ignored
  • #14,143
  • Aug 23, 2007 7:56am Aug 23, 2007 7:56am
Quoting kevinsw
karm...you got some BIG kahonies...I have 3 positions out now...lol
i have 2. up Geppy up!!!!!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #14,144
  • Aug 23, 2007 7:57am Aug 23, 2007 7:57am
Anyone know what is going on with cmsfx?

kingmaker
  • #14,145
  • Aug 23, 2007 8:00am Aug 23, 2007 8:00am
Quote
It will go up, patience

Hmmmm...Karmo, surely if you locked in profits you must have been stopped out by this. Do you have your longs from before the retracement still.
  • #14,146
  • Aug 23, 2007 8:04am Aug 23, 2007 8:04am
new 4hr candle formed on FXDD mt4
4hr 5 sma is at 232.07
hope it doesnt go that far--
  • #14,147
  • Aug 23, 2007 8:06am Aug 23, 2007 8:06am
Quoting brainless
zoran, can u post a chart on gartley? or tell us the XABCD pts and TF?
thx!
Brainless, excuse the chart... I just quickly snapped it and put it into paint. I was trying to confirm the long from Aus and Karmo when I noticed the Bearish Garley on the 1 min. Took profit on the long at the D point.

Chart attached.

Z

PS. (I don't normally work off the 1 min)
Attached Image (click to enlarge)
Click to Enlarge Name: garley.jpg Size: 55 KB
  • #14,148
  • Aug 23, 2007 8:07am Aug 23, 2007 8:07am
Quoting monarch
We broke the 38.2% next stop is the 50% at 233.05, and 232.86 the 89EMA on my 5 minute which should be the 4HR 5SMA here in 12 minutes, that would be my expectation, with 232.62 at the 61.8%.

Note: The UJ should stall on its move down here at 116.20 down to 116.00, that would calm the GJ a bit. (I can't guarantee anything at this time though - sorry)
Thanks Monarch...I got rid of one position...If it stops @232.62, then, it should be OK...

Both 1H and 4H monentum are great! above the read line...at angle 30 and 15 degres, respectively...very strong!!!

The earlier wavering SI on 1H is now standing up...They are very bullish but the pair better travel north...so that I can recoup my losses...

Happy Trading Folks! BR...
  • #14,149
  • Aug 23, 2007 8:07am Aug 23, 2007 8:07am
Quoting GodfreyH
Hmmmm...Karmo, surely if you locked in profits you must have been stopped out by this. Do you have your longs from before the retracement still.
I'm still holding onto the long, I believe it will go up, just give it 2 hours or so
Trade what you see, not what you think.
  • #14,150
  • Aug 23, 2007 8:09am Aug 23, 2007 8:09am
There is still possibility we go down as low as 232.10, so just keep watching price action
Trade what you see, not what you think.
  • #14,151
  • Aug 23, 2007 8:10am Aug 23, 2007 8:10am
UJ is currently at good support level, I don't see GJ go down unless UJ breaks that support
Trade what you see, not what you think.
  • #14,152
  • Aug 23, 2007 8:11am Aug 23, 2007 8:11am
Quoting monarch
We broke the 38.2% next stop is the 50% at 233.05, and 232.86 the 89EMA on my 5 minute which should be the 4HR 5SMA here in 12 minutes, that would be my expectation, with 232.62 at the 61.8%.

Note: The UJ should stall on its move down here at 116.20 down to 116.00, that would calm the GJ a bit. (I can't guarantee anything at this time though - sorry)
Okay, 9am EST and the new 4HR candle shows the 5SMA at 232.10/20

Looking across the 4HR, there is a consolidation point around 231.90/232.00 on August 15th, this could play a role in Support here in today or tomorrows session.

If price comes down to the 232 area, that would be the 76.4% retrace from the move up today.

Based from the Daily range yesterday, I had the upper portion at 231.54, which the London broke past, and my target was 233.87 which also was passed, we are now under 233.87 heading back for a possible test of that upper range line prior to London

That would be a very deep retracement, which I don't see happening.

The 50% 233.05 area is showing strong support here, but we could see the 61.8% at 232.62 before continuing upwards again.

Have a Wonderful Day Team!

Ken

Note: we are seeing a move up here to the 1hr/30min 5SMA, 233.85 should be about all it goes up as per my 1minute chart.
  • #14,153
  • Aug 23, 2007 8:13am Aug 23, 2007 8:13am
Karmos, Im with you, my signals is all GO for UP!!!!

But if it drops I'll just hedge until it works its way back up.

Quoting karmostaji
I'm still holding onto the long, I believe it will go up, just give it 2 hours or so
  • #14,154
  • Aug 23, 2007 8:13am Aug 23, 2007 8:13am
WOW, what the hell happen this morning .

Man, I have to get off this 3rd shift. Hit my targets yesterday and I had no open positions. I'll have to read what you guys did. I'm sure you all did well.
This should be some fun reading.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #14,155
  • Aug 23, 2007 8:15am Aug 23, 2007 8:15am
hourly close above 233.82 will get more bulls in
Trade what you see, not what you think.
  • #14,156
  • Aug 23, 2007 8:17am Aug 23, 2007 8:17am
Something to take a look and consider. The trend line that started 4/2006 that was such a tough support and just as bad a resistance has been broken on the day and week. Price is closing on the 200ma day. Looks like it be goin up
  • #14,157
  • Aug 23, 2007 8:19am Aug 23, 2007 8:19am
ooops, Looks like it may have started already ^
  • #14,158
  • Aug 23, 2007 8:19am Aug 23, 2007 8:19am
Dow 13,236.13http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/up_g.gif 145.27 (1.11%)
New Forex Trader
  • #14,159
  • Aug 23, 2007 8:20am Aug 23, 2007 8:20am
Can someone that can log into to VT post 15/30, 1HR & 4HR charts please?

Thank you.

~G.
  • #14,160
  • Aug 23, 2007 8:21am Aug 23, 2007 8:21am
Quoting monarch
Okay, 9am EST and the new 4HR candle shows the 5SMA at 232.10/20

Looking across the 4HR, there is a consolidation point around 231.90/232.00 on August 15th, this could play a role in Support here in today or tomorrows session.

If price comes down to the 232 area, that would be the 76.4% retrace from the move up today.

Based from the Daily range yesterday, I had the upper portion at 231.54, which the London broke past, and my target was 233.87 which also was passed, we are now under 233.87 heading back for a possible test of that upper range line prior to London

That would be a very deep retracement, which I don't see happening.

The 50% 233.05 area is showing strong support here, but we could see the 61.8% at 232.62 before continuing upwards again.

Have a Wonderful Day Team!

Ken

Note: we are seeing a move up here to the 1hr/30min 5SMA, 233.85 should be about all it goes up as per my 1minute chart.
Just as long as it doesn't knock down the brick wall at 231.60 area. That's the one protecting my trade!

Mike
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