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

  • #14,441
  • Aug 23, 2007 2:04pm Aug 23, 2007 2:04pm
Quoting Zoran
As long as 231.80 holds, next target is 234.48 and then we are heading down again probably to the 227.00 level

Z
Why do you believe so? the first level of retracement is not yet tested (231.40) and the upward trend line still holds until 230 level
  • #14,442
  • Aug 23, 2007 2:04pm Aug 23, 2007 2:04pm
Quoting Petter

Am I the only one in here that I'm not feeling too comfortable with this long?





I got in at 232.25


I know...Patience...But...

Several positive days in the foreign markets (due for a down day), and an extremely uncertain day in the US market. You should be very uncomfortable with a long.

I would put the chances of a down asian market at about 90%. GJ will not rise under those circumstances.
  • #14,443
  • Aug 23, 2007 2:05pm Aug 23, 2007 2:05pm
Quoting auslanco
Oh boy.. this is going down until 231.50 atleast...
Isn't it really early in the morning is Aust now?
  • #14,444
  • Aug 23, 2007 2:05pm Aug 23, 2007 2:05pm
Quoting auslanco
Oh boy.. this is going down until 231.50 atleast...
because of the 1H momentum?
  • #14,445
  • Aug 23, 2007 2:05pm Aug 23, 2007 2:05pm
Quoting craazy
What indicator leads you to believe that?
I see that too using 50ema on 30mins but thats around 231.60, if it does what it did last night should bounce 100+
  • #14,446
  • Aug 23, 2007 2:07pm Aug 23, 2007 2:07pm
Quoting Majd
Why do you believe so? the first level of retracement is not yet tested (231.40) and the upward trend line still holds until 230 level
As long as it holds. If it doesn't hold then those targets are no longer valid. If it does hold then a harmonic pattern is in play.

Z
  • #14,447
  • Aug 23, 2007 2:08pm Aug 23, 2007 2:08pm
Quoting ovidiu
because of the 1H momentum?
  • #14,448
  • Aug 23, 2007 2:12pm Aug 23, 2007 2:12pm
Quoting auslanco
Hi BR, It wasn't too long ago when one of the so called "experienced" traders questioned my 5 SMA rule. Oh well..

Are you still with your trades??


You've made me a believer.... but I'm only one of the inexperienced with ta

just this last upward move could have drawn me in at the top around ~232.60's
but I waited til it dropped near the 5sma - still, I should have watched the 1HR
and 4HR carefully. It's right on that level 232.08 now. I entered above at the 30 min.
(232.20's)

thanks,

Dr. D.
  • #14,449
  • Aug 23, 2007 2:12pm Aug 23, 2007 2:12pm
Trendline and fib on 15 minute.....

A
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  • #14,450
  • Aug 23, 2007 2:13pm Aug 23, 2007 2:13pm
Quoting markam
Several positive days in the foreign markets (due for a down day), and an extremely uncertain day in the US market. You should be very uncomfortable with a long.

I would put the chances of a down asian market at about 90%. GJ will not rise under those circumstances.
Thanx markam for the info.I really appreciate that.

As soon as I take a price near my entry,I'll step out
Vivere pericolosamente...
  • #14,451
  • Aug 23, 2007 2:14pm Aug 23, 2007 2:14pm
Quoting fourxtrader
You've made me a believer.... but I'm only one of the inexperienced with ta

just this last upward move could have drawn me in at the top around ~232.60's
but I waited til it dropped near the 5sma - still, I should have watched the 1HR
and 4HR carefully. I entered at the 30 min.

thanks,

Dr. D.

I did too.. but a small lot.. This is going to me a big drop.. At least according to the MT4 momentum. So I unloaded my longs.
  • #14,452
  • Aug 23, 2007 2:14pm Aug 23, 2007 2:14pm
Quoting happy_always20
Since I can not use VT. So totally no idea about 4H, 1H...

Aus: What is your target T/P and S/L?

Thanks!
I suggest that you go to strategybuilderfx and download a demo MT4. You will be in business in a matter of minutes. Forget VT.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #14,453
  • Aug 23, 2007 2:16pm Aug 23, 2007 2:16pm
Quoting maheswara
wat is that invisible thingy @ 232.90 ?? couldnt break that level easily , did i miss some unknown fib level ...
Its a daily resistance line
  • #14,454
  • Aug 23, 2007 2:17pm Aug 23, 2007 2:17pm
Quoting fxhermit
I suggest that you go to strategybuilderfx and download a demo MT4. You will be in business in a matter of minutes. Forget VT.
I would love to forget VT.. But My indicators on VT are much more accurate than MT4.
  • #14,455
  • Aug 23, 2007 2:18pm Aug 23, 2007 2:18pm
i pretty much believe that there will be a primary short signal at some stage tomorrow according to the Knife System as taught in the PF. No signal as yet but things are shaping up...
  • #14,456
  • Aug 23, 2007 2:18pm Aug 23, 2007 2:18pm
Just entered a small long here (232.11).
  • #14,457
  • Aug 23, 2007 2:19pm Aug 23, 2007 2:19pm
I dont have all the charts like you guys...using a pocket pc but doens't it look like its ranging?
  • #14,458
  • Aug 23, 2007 2:19pm Aug 23, 2007 2:19pm
I just love how you guys start buying once it starts going up a little, then start selling as soon as it drops a little LOL
Trade what you see, not what you think.
  • #14,459
  • Aug 23, 2007 2:21pm Aug 23, 2007 2:21pm
Quoting auslanco
I would love to forget VT.. But My indicators on VT are much more accurate than MT4.
MT4 quality depends of the broker, i have to agree that the VT quality is way better, but one MT4 that isn't bad at all is "Rate Streamer"

if you wanna have a look here's a link

http://www.lh-broker.com/index.php?i...g=RateStreamer
  • #14,460
  • Aug 23, 2007 2:21pm Aug 23, 2007 2:21pm
Hoping the dow closes green to support a long...
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