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

  • #17,541
  • Aug 28, 2007 10:59pm Aug 28, 2007 10:59pm
Quoting Saintjay
GO Sugar GO expecting to see 70ish here for momo trade
What the heck is momo trade? Mind to share? thanks
  • #17,542
  • Aug 28, 2007 11:00pm Aug 28, 2007 11:00pm
Quoting mktjong
What the heck is momo trade? Mind to share? thanks
My guess.. momentum trade?
  • #17,543
  • Aug 28, 2007 11:00pm Aug 28, 2007 11:00pm
Quoting mansaf6
Momo trade??
Momentum trade in at 05 out at 67 short pips one candle at a time. Against major trend short pips with 1/2 my normal lots!!! Nice though.... getting tired 12:00am here on east coast!
{Spam Removed}
  • #17,544
  • Aug 28, 2007 11:04pm Aug 28, 2007 11:04pm
Quoting bill77
any idea anyone where this is retracing to?
Looks like thye daily 5 SMA retracement as we expected.. but waiting for more confirmation
  • #17,545
  • Aug 28, 2007 11:06pm Aug 28, 2007 11:06pm
Quoting Saintjay
Momentum trade in at 05 out at 67 short pips one candle at a time. Against major trend short pips with 1/2 my normal lots!!! Nice though.... getting tired 12:00am here on east coast!
Thanks .. sorry for my language
  • #17,546
  • Aug 28, 2007 11:08pm Aug 28, 2007 11:08pm
Well, price just kind of busted its way through the 4H 5SMA. The Daily 5SMA should/could be next before any more major bear movements.

M2B
  • #17,547
  • Aug 28, 2007 11:08pm Aug 28, 2007 11:08pm
Quoting bill77
any idea anyone where this is retracing to?
The Daily 5SMA is 231.64.

The 4H 5SMA is 228.91.

It's above 229 now. If it keeps heading north it might be testing daily.

Can anyone help with current fib info?

Ron
  • #17,548
  • Aug 28, 2007 11:09pm Aug 28, 2007 11:09pm
Well, as I said, Japanese 10 yrs treasuries is pretty bearish, thus we have seen the retracement so far .. it may well be more coming.
Remember tomorrow is Wednesday, triple interest .. good for long
  • #17,549
  • Aug 28, 2007 11:09pm Aug 28, 2007 11:09pm
u made fun of my rockets earlier. i still got them and added a couple extra.
  • #17,550
  • Aug 28, 2007 11:10pm Aug 28, 2007 11:10pm
Looks like everyone is using the QQE. That thing took off like a rocket at the 1 hour cross. Speaking of rocket were the hell is Karmo? Oh that's right he's on vacation.
"Only when the tide goes out will we know who is swimming naked."
  • #17,551
  • Aug 28, 2007 11:11pm Aug 28, 2007 11:11pm
Guys ...please dont flood this thread with all the scalping trades you did. IF you do not post your trade with analysis before the move.. no one really cares how many pips you made.. so lets not flood this thread . Hope you guys understand.
  • #17,552
  • Aug 28, 2007 11:11pm Aug 28, 2007 11:11pm
Quoting bmwboyee
u made fun of my rockets earlier. i still got them and added a couple extra.
Yea, where is karmo? He thought he could steal my long pips earlier.
  • #17,553
  • Aug 28, 2007 11:11pm Aug 28, 2007 11:11pm
now in MT4 1 hr QQE crossed line up.. As 30 min is also crossed up, so we need to wait till 1hr and 30 cross down to signal bearish.... am i right?
  • #17,554
  • Aug 28, 2007 11:12pm Aug 28, 2007 11:12pm
Looks like spring is being wound for carrying more momentum for free fall
4 hr 5sma is 229.55 and daily 5sma is 231.63 (looks far away right now)
  • #17,555
  • Aug 28, 2007 11:12pm Aug 28, 2007 11:12pm
Could anyone who knows fibonacci stuff help on this, please?

In the drawing, to get fibs to anticipate possible retracement levels, do I measure from A to C - or from B to C?

A to C is the obvious choice - but I thought that maybe you should measure the 2nd leg of the descent down to the start of retracement?
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  • #17,556
  • Aug 28, 2007 11:12pm Aug 28, 2007 11:12pm
Quoting auslanco
Guys ...please dont flood this thread with all the scalping trades you did. IF you do not post your trade with analysis before the move.. no one really cares how many pips you made.. so lets not flood this thread . Hope you guys understand.
understood but i thought me and markam did that earlier in the thread. sorry.
  • #17,557
  • Aug 28, 2007 11:12pm Aug 28, 2007 11:12pm
Quoting bmwboyee
u made fun of my rockets earlier. i still got them and added a couple extra.
I'm pretty sure you were sweating it pretty good when it hit 227....but congrats man hope you dont get to crazy with your rockets...
  • #17,558
  • Aug 28, 2007 11:15pm Aug 28, 2007 11:15pm
Quoting bmwboyee
understood but i thought me and markam did that earlier in the thread. sorry.
Didnt direct at you bmw, it was a general statement
  • #17,559
  • Aug 28, 2007 11:16pm Aug 28, 2007 11:16pm
Quoting khmr
I'm pretty sure you were sweating it pretty good when it hit 227....but congrats man hope you dont get to crazy with your rockets...
I won't lie, i was, but then i had to go and take a drive in my new convertible. but i will not talk about these things for they are OT.

Happy trading, i hope this starts to point a little higher north.
  • #17,560
  • Aug 28, 2007 11:17pm Aug 28, 2007 11:17pm
Quoting bill77
on the 4h i have 229.26 fib resistance.
It's bouncing off that!

Ron
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