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

  • #19,801
  • Aug 31, 2007 7:46am Aug 31, 2007 7:46am
Quoting karmostaji
reversal candle in the works on 15m chart, just like earlier

possible inverted hammer or bullish engulfing
didn't happen, watching 30m candle now
Trade what you see, not what you think.
  • #19,802
  • Aug 31, 2007 7:49am Aug 31, 2007 7:49am
GBPCHF already break out of its reverse head and shoulder pattern. This pair is next?
  • #19,803
  • Aug 31, 2007 7:50am Aug 31, 2007 7:50am
Quoting moneymagnet
ok mark how far we droppin'
about 10-20 pips, then up 200 or so as the market opens.
  • #19,804
  • Aug 31, 2007 7:50am Aug 31, 2007 7:50am
Quoting markam
morning guys (or afternoon or evening as the case may be)
Hey bro.. I don't see any bad news today.. do you?
  • #19,805
  • Aug 31, 2007 7:50am Aug 31, 2007 7:50am
Quoting moneymagnet
ok mark how far we droppin'
don't curse thet trade mate...
  • #19,806
  • Aug 31, 2007 7:50am Aug 31, 2007 7:50am
alone
Quoting Geldmeister
So if it is debatable where to put the trend line, the cross is not conclusive, right? I got mine across Aug 9, so for me it has not been breached yet.
On my charts August 8th finished a few pips higher than August 9th. From a technical stand point of view those two days are close enough to be considered double tops, which would mean that you would use the latter of the two candles (August 9th) to draw the line. I don't use trend lines as determing factors in my trading anyway, only confirming factors. I was simply pointing this out for those who might be following trend lines and that's why I pointed out the potential for two different lines. Good observation on your part. If I were trading on trend lines alone I would wait until there was a close above the higher one from August 9 because that would put price closed above the 235.50 line.
  • #19,807
  • Aug 31, 2007 7:50am Aug 31, 2007 7:50am
Quoting markam
about 10-20 pips, then up 200 or so as the market opens.
now that's what I'm talking about

A positive markam
Trade what you see, not what you think.
  • #19,808
  • Aug 31, 2007 7:52am Aug 31, 2007 7:52am
Quoting my2buoys
On my charts August 8th finished a few pips higher than August 9th. From a technical stand point of view those two days are close enough to be considered double tops, which would mean that you would use the latter of the two candles (August 9th) to draw the line. I don't use trend lines as determing factors in my trading anyway, only confirming factors. I was simply pointing this out for those who might be following trend lines and that's why I pointed out the potential for two different lines. Good observation on your point. If I were trading on trend lines I would wait until there was a close above the higher one from August 9 because that would put price closed above the 235.50 line.
agreed 100%
Trade what you see, not what you think.
  • #19,809
  • Aug 31, 2007 7:53am Aug 31, 2007 7:53am
Quoting markam
Thought I would stick in a little bearish news. Standard and Poor's president was just fired. Amongst all the other bad news, the rating agencies are going to get absolutely hammered because people have realized they don't actually rate anything.

http://news.yahoo.com/s/ap/20070831/..._s_president_1

I think it is kind of looking for a scapegoat .. to entertain the shareholders

Closed my long too and will reload .. US 10 yrs treasuries is at 0.43, very good for this pair. Japanese treasuries was closed strong too at 0.038, it is similar to value 0.38 in US.
Yesterday, why this pair couldn't punch much lower because Japanese treasuries was closed weak too thus not much uhm ..

Any way, looks like this pair is going up more today ..hope so .. but need more help with good news
  • #19,810
  • Aug 31, 2007 7:55am Aug 31, 2007 7:55am
Quoting VishalJ
Hey bro.. I don't see any bad news today.. do you?
I'm like the kid in The 6th Sense. Instead of seeing dead people, I see bad news.

The glass is not half or half empty. It is about to be destroyed by the collapse of civilization.
  • #19,811
  • Aug 31, 2007 7:56am Aug 31, 2007 7:56am
Calling Out To Richard. I Don't See Your Name In The Limited List Of Viewers Showing At The Bottom Of My Page. Are You Out There Buddy?
  • #19,812
  • Aug 31, 2007 7:57am Aug 31, 2007 7:57am
Quoting karmostaji
now that's what I'm talking about

A positive markam
I'm not positive, I am just not going to argue with the dow futures. Things could get real interesting later today.
  • #19,813
  • Aug 31, 2007 7:59am Aug 31, 2007 7:59am
guys, dow is going to open with 100+ points
:surprised

i guess that's why markam is so optimistic about the hike upwards
  • #19,814
  • Aug 31, 2007 7:59am Aug 31, 2007 7:59am
if the dow goes up the gbp/jpy goes down??????
  • #19,815
  • Aug 31, 2007 8:00am Aug 31, 2007 8:00am
I just found my signature
  • #19,816
  • Aug 31, 2007 8:01am Aug 31, 2007 8:01am
Quoting learningfx
if the dow goes up the gbp/jpy goes down??????

If dow goes up, GJ goes up.
  • #19,817
  • Aug 31, 2007 8:02am Aug 31, 2007 8:02am
Quoting markam
I'm like the kid in The 6th Sense. Instead of seeing dead people, I see bad news.

The glass is not half or half empty. It is about to be destroyed by the collapse of civilization.





omg, i love the frases u use
  • #19,818
  • Aug 31, 2007 8:03am Aug 31, 2007 8:03am
Quoting markam
If dow goes up, GJ goes up.

Markam, as long as you don't post any of your insights, this pair is looking good for upward. Know what, market likes to listen to you .. maybe because you are our candidate for next Fed chief http://www.forexfactory.com/images/icons/icon10.gif

j/k
  • #19,819
  • Aug 31, 2007 8:03am Aug 31, 2007 8:03am
Quoting lilmoe


omg, i love the frases u use
It's 'phrases' and another term I see misspelled most often is 'Visa versa'.. it's not that.. it's 'vice versa' .. Visa is.. er.. the card company Sorry, I just like being anal when it's a really bullish day!
  • #19,820
  • Aug 31, 2007 8:04am Aug 31, 2007 8:04am
Quoting learningfx
if the dow goes up the gbp/jpy goes down??????
goes up...usually
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