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

  • #19,361
  • Aug 30, 2007 11:44pm Aug 30, 2007 11:44pm
Man, confirm this:

Double top is seen on 1H and 30min TF chart....Will it go down?
Hello World
  • #19,362
  • Aug 30, 2007 11:47pm Aug 30, 2007 11:47pm
Quoting waf_1988
So, if it's broken, we will have a clear way to upward ya????
True, the next resistance levels on my 4 HR are:

50 Fibo @ 235.18
trend line @ 236.00
138.2 Fibo extension @ 238.61
61.8 Fibo @ 238.94
  • #19,363
  • Aug 30, 2007 11:49pm Aug 30, 2007 11:49pm
good morning

i just woke up and see everything green, feels good
Trade what you see, not what you think.
  • #19,364
  • Aug 30, 2007 11:49pm Aug 30, 2007 11:49pm
Quoting waf_1988
Man, confirm this:

Double top is seen on 1H and 30min TF chart....Will it go down?
Double tops are not confirmed until support line is broken which lies @ 231.40 on 1H
  • #19,365
  • Aug 30, 2007 11:50pm Aug 30, 2007 11:50pm
Quoting waf_1988
Man, confirm this:

Double top is seen on 1H and 30min TF chart....Will it go down?
yep i c it. lets hope it breaks
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #19,366
  • Aug 30, 2007 11:51pm Aug 30, 2007 11:51pm
Quoting Majd
True, the next resistance levels on my 4 HR are:

50 Fibo @ 235.18
trend line @ 236.00
138.2 Fibo extension @ 238.61
61.8 Fibo @ 238.94
OK. Majd, if you see your chart on 1H and 30min TF, you will see a double top on them. What do you suggest?! Will it go down?! Or up to what level does the retracement on due?Please advise...
Hello World
  • #19,367
  • Aug 30, 2007 11:52pm Aug 30, 2007 11:52pm
  •  bart
  • | Joined Apr 2007 | Status: I want to be a nacho man... | 18 Posts
Good morning Aus, Karmo and all..
  • #19,368
  • Aug 30, 2007 11:53pm Aug 30, 2007 11:53pm
I don't see that as a double top. I see that as strong resistance.


Frank


Quoting waf_1988
OK. Majd, if you see your chart on 1H and 30min TF, you will see a double top on them. What do you suggest?! Will it go down?! Or up to what level does the retracement on due?Please advise...
  • #19,369
  • Aug 30, 2007 11:53pm Aug 30, 2007 11:53pm
Quoting karmostaji
good morning

i just woke up and see everything green, feels good
Morning Karmo.
  • #19,370
  • Aug 30, 2007 11:54pm Aug 30, 2007 11:54pm
Quoting waf_1988
OK. Majd, if you see your chart on 1H and 30min TF, you will see a double top on them. What do you suggest?! Will it go down?! Or up to what level does the retracement on due?Please advise...
I am not worried unless the previous resistance @ 234.00 is broken
  • #19,371
  • Aug 30, 2007 11:55pm Aug 30, 2007 11:55pm
Quoting karmostaji
good morning

i just woke up and see everything green, feels good
Good morning, Karmo!

Ron
  • #19,372
  • Aug 30, 2007 11:55pm Aug 30, 2007 11:55pm
I am new to VT, I am going through Aus Strategy Link, It says under Strength Indicators.......go to indicator properties and add a red line on the value 50.

Could anyone please guide me through the steps of it.

Thank you
Success has a Thousand Fathers.
  • #19,373
  • Aug 30, 2007 11:56pm Aug 30, 2007 11:56pm
Hi guys. Newbie and lurker here. Still learning and I just downloaded Aus VT Stop Reverse..and have problem opening the file...? what's the password? Thanks heaps in advance!
  • #19,374
  • Aug 30, 2007 11:56pm Aug 30, 2007 11:56pm
Quoting Majd
I am not worried unless the previous resistance @ 234.00 is broken
So, we're all still bull-biased if the support @ 234.00 hold ya... I see...Thanks
Hello World
  • #19,375
  • Aug 30, 2007 11:56pm Aug 30, 2007 11:56pm
[quote=frank99;1568987]I don't see that as a double top. I see that as strong resistance.

that is usually what doubletops represent, strong resistance
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #19,376
  • Aug 30, 2007 11:58pm Aug 30, 2007 11:58pm
5sma retrace on 4 hr is 233.72 we may head there first possibly before continuing higher....
  • #19,377
  • Aug 30, 2007 11:58pm Aug 30, 2007 11:58pm
these Gartleys nicely give some good retracements to capture

nice 20 pip scalp (larger tf's give bigger returns)

this could go to 1hr 5sma
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  • #19,378
  • Aug 30, 2007 11:59pm Aug 30, 2007 11:59pm
234.00 broken, now @ 233.93

What happen?
Hello World
  • #19,379
  • Aug 30, 2007 11:59pm Aug 30, 2007 11:59pm
I always thought it was a lower swing low that made it a top.
"Only when the tide goes out will we know who is swimming naked."
  • #19,380
  • Aug 30, 2007 11:59pm Aug 30, 2007 11:59pm
So I am mainly a lurker here, Aus your system is awesome.

Question, so it looks like a 1 hour retrace, but how do you know it isn't a trend reversal? I'm sorry if I offend anyone in asking this.

Paul
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