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

  • #17,741
  • Aug 29, 2007 2:40am Aug 29, 2007 2:40am
Quoting auslanco
30 mins 5 sma retraco..before shooting up again
Wow, so it's a mini 5SMA retrace within a 5SMA retrace...
  • #17,742
  • Aug 29, 2007 2:41am Aug 29, 2007 2:41am
Quoting auslanco
that means when the price up +100pips I bring my SL to entry
IC. makes a lot of sense. thnx.
  • #17,743
  • Aug 29, 2007 2:43am Aug 29, 2007 2:43am
Aus,

Do you see it trying to touch the 219 level like it did on the 17th?
  • #17,744
  • Aug 29, 2007 2:44am Aug 29, 2007 2:44am
Quoting auslanco
30 mins 5 sma retraco..before shooting up again
Hi Aus, what are the reasons for your TP's here? I have fibs @ 229.31, 230.49, 231.44 and a TL @ ~231
Consistency and patience is everything
  • #17,745
  • Aug 29, 2007 2:46am Aug 29, 2007 2:46am
Quoting brucehvn
Wow, so it's a mini 5SMA retrace within a 5SMA retrace...
yepp... These are the times people panic , thinking the trade is going against them and close the trade to go short. When they open the short trade , price goes up again after the 5 sma completion.. Then they complain to forexbastards.com that the brokers manipulate the market when ever they take a position.. LOL
  • #17,746
  • Aug 29, 2007 2:46am Aug 29, 2007 2:46am
Quoting Geldmeister
Hi Aus, what are the reasons for your TP's here? I have fibs @ 229.31, 230.49, 231.44 and a TL @ ~231
sorry, your 2nd TP is 5sma, but why your @ 110 pips profit?
Consistency and patience is everything
  • #17,747
  • Aug 29, 2007 2:47am Aug 29, 2007 2:47am
Quoting auslanco
30 mins 5 sma retraco..before shooting up again
Aus, what do you think about the pressure on GU affecting GJ?!

UJ is on a downtrend now, and we've seen the GU below 2.0levels many times.

If GJ = GU * UJ...

What is it likely to be?
Hello World
  • #17,748
  • Aug 29, 2007 2:48am Aug 29, 2007 2:48am
Quoting Geldmeister
Hi Aus, what are the reasons for your TP's here? I have fibs @ 229.31, 230.49, 231.44 and a TL @ ~231
sorry mate , I dont use fibs. I have another way of checking the resistance and supports.. I cash some of my profits at those levels.
  • #17,749
  • Aug 29, 2007 2:53am Aug 29, 2007 2:53am
Quoting auslanco
yepp... These are the times people panic , thinking the trade is going against them and close the trade to go short. When they open the short trade , price goes up again after the 5 sma completion.. Then they complain to forexbastards.com that the brokers manipulate the market when ever they take a position.. LOL
Wow, that's deep. So maybe this daily 5 SMA retrace we are waiting on is really just a retrace from a larger time frame's 5 SMA. How far can it go? I think my head will explode just thinking about it.
  • #17,750
  • Aug 29, 2007 2:55am Aug 29, 2007 2:55am
Hey Aus

For your TP do you use current bar or previous close?
Mono
  • #17,751
  • Aug 29, 2007 2:56am Aug 29, 2007 2:56am
Quoting mono
Hey Aus

For your TP do you use current bar or previous close?

current bar always.
  • #17,752
  • Aug 29, 2007 2:57am Aug 29, 2007 2:57am
Quoting brucehvn
Wow, that's deep. So maybe this daily 5 SMA retrace we are waiting on is really just a retrace from a larger time frame's 5 SMA. How far can it go? I think my head will explode just thinking about it.

TP are on my signature
  • #17,753
  • Aug 29, 2007 2:58am Aug 29, 2007 2:58am
Monarch,

I can't see if you're out there or not. Too many names listed at the bottom of my page and not enough space. If you're there, give us some input. I know you like to trade Franky and London. Anything?

M2B
  • #17,754
  • Aug 29, 2007 2:59am Aug 29, 2007 2:59am
For the moment, we are idling at the 4Hr 38.2 fib . . . and 5MN ema200
  • #17,755
  • Aug 29, 2007 3:02am Aug 29, 2007 3:02am
Ok guys I 'm going exit my trade.. I can spot reversal soon ..
  • #17,756
  • Aug 29, 2007 3:04am Aug 29, 2007 3:04am
Quoting auslanco
Ok guys I 'm going exit my trade.. I can spot reversal soon ..
Is that because the 1H momentum turned down?
  • #17,757
  • Edited 3:07am Aug 29, 2007 3:05am | Edited 3:07am
Are you seeing this on the 5 minute 5 SMA Aus?
  • #17,758
  • Aug 29, 2007 3:06am Aug 29, 2007 3:06am
Quoting auslanco
Ok guys I 'm going exit my trade.. I can spot reversal soon ..
Aus,

If you can state it in a few simple words here in the thread, what exactly do you see that you don't like? I noticed resistance at the 229.40 level, 4H momentum is flat and 1H is turned down. Are any of these things factors in your decision?

M2B
  • #17,759
  • Aug 29, 2007 3:07am Aug 29, 2007 3:07am
Quoting auslanco
Thanks mj, I will find out more
Auslanco, hope this info will be helpful. Spread GJ is always 6 and it is quite stable, almost no downtime.
Only inconvenience for me to transfer money via Web Money. Check this link http://www.whcforex.com/.
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  • #17,760
  • Aug 29, 2007 3:09am Aug 29, 2007 3:09am
Quoting auslanco
Ok guys I 'm going exit my trade.. I can spot reversal soon ..
bro i cant believe u said that
i exited my short --i see a reversal from my trade so--exited with 23 pip loss---now ive got a long signal --entry was at 229.16
and u exiting your longs

its all funny--
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