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

  • #19,961
  • Aug 31, 2007 10:10am Aug 31, 2007 10:10am
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears

Bush:
Not Our Job To Help Those Who Chose To Live In A House They Couldn't Afford!!!!
  • #19,962
  • Aug 31, 2007 10:11am Aug 31, 2007 10:11am
Quoting auslanco
This is what I was talking about.. supports will be always broken on the second attempt if you have the QQE support, no matter how strong they are thats why you cant rely on trend lines and fibs

u dont rely on them bro
but u use them for t/p , s/l and s/r levels--plan the trades u take
i scalp of the bounce of 15 min very succesfully
but after few attempts--any s/r will be broken--as any MA

but its one power ful ema--if u took the bounce of that 1 hr--it was a good 100 pips scalp
  • #19,963
  • Aug 31, 2007 10:13am Aug 31, 2007 10:13am
Supprt @ 232.75 4hr TFT/GANN.. this will not be broken on this 4hr bar.. Price will bounce from the TFT 4hr bar
  • #19,964
  • Aug 31, 2007 10:13am Aug 31, 2007 10:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Trying to learn Auslanco's practice. I have used his indicators on AJ and would like to know if i am understanding it correctly. if the next 4h bar starts and stays below the TFT line would i be correct in assuming it would be a good point to go short. I am mearly looking for good examples of his practice so that i can understand it fully before trading with it.

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regards

MPP
  • #19,965
  • Aug 31, 2007 10:13am Aug 31, 2007 10:13am
u alwys rely on trendlines and fibs for good s/r levels

they can be used for good t/p, s/l etc--just like some MA's

use 5sma, 50 ema, 100sma (as s/r levels usually) with fibs
  • #19,966
  • Aug 31, 2007 10:13am Aug 31, 2007 10:13am
Quoting lilmoe
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears
Bears

Bush:
Not Our Job To Help Those Who Chose To Live In A House They Couldn't Afford!!!!
yeah, so true and also we cannot fund / sustain our governmental expenditures with foreign governmental / investors monies.
Humble Lifetime Member
  • #19,967
  • Aug 31, 2007 10:14am Aug 31, 2007 10:14am
Just popping in for a quick peak. Fridays (and Mondays) are not good trading days in my book - especially when they fall on the month end! Ever wondered what it's like going through a wash cycle? Today is a good example.

Z
  • #19,968
  • Aug 31, 2007 10:14am Aug 31, 2007 10:14am
Did anyone short this pair? markam? If you did whats your target? short from 235.13
  • #19,969
  • Aug 31, 2007 10:14am Aug 31, 2007 10:14am
waiting for another long entry. h1 retracement will probably end around 232.43/232.10 (0.707/0.786), so i'll be there watching to jump into another long.
if i see a reversal pattern, of course.
Nihil Sine Deo.
  • #19,970
  • Aug 31, 2007 10:15am Aug 31, 2007 10:15am
No tax break for those deadbeats that lose their home to foreclosure. Instead at tax break for the 10 people that would actually qualify.
  • #19,971
  • Aug 31, 2007 10:15am Aug 31, 2007 10:15am
if this continues to fall--nxt stop is at 100sma on 1hr--232.25 ish
  • #19,972
  • Aug 31, 2007 10:16am Aug 31, 2007 10:16am
Quoting Hakuna Matata
u
but after few attempts--any s/r will be broken--as any MA
Agreed .
But every time the second attempt
  • #19,973
  • Aug 31, 2007 10:16am Aug 31, 2007 10:16am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
Supprt @ 232.75 4hr TFT/GANN.. this will not be broken on this 4hr bar.. Price will bounce from the TFT 4hr bar
is this were the patcience comes in, we now wait for the 1h to turn back to bullish, correct?
  • #19,974
  • Aug 31, 2007 10:16am Aug 31, 2007 10:16am
What did Babon say ? i mean Ba Bush...
  • #19,975
  • Aug 31, 2007 10:17am Aug 31, 2007 10:17am
Bush is doing nothing. Yea for the bears.
  • #19,976
  • Aug 31, 2007 10:18am Aug 31, 2007 10:18am
Quoting markam
Bush is doing nothing. Yea for the bears.

Dow and treasuries are not following the move yet .. don't be happy too soon
  • #19,977
  • Aug 31, 2007 10:19am Aug 31, 2007 10:19am
Quoting Hakuna Matata
if this continues to fall--nxt stop is at 100sma on 1hr--232.25 ish
there is actually a confluence of 50ema and 100sma at around 232.20/30

if it falls--then that would be a tough nut to crack
  • #19,978
  • Aug 31, 2007 10:20am Aug 31, 2007 10:20am
Quoting mktjong
Dow and treasuries are not following the move yet .. don't be happy too soon
No rate cut and no action by bush. If the market and GJ doesn't go down, then something is seriously wrong with the free market.
  • #19,979
  • Aug 31, 2007 10:20am Aug 31, 2007 10:20am
233 looks like it's magnetic
  • #19,980
  • Aug 31, 2007 10:20am Aug 31, 2007 10:20am
Quoting Hakuna Matata
there is actually a confluence of 50ema and 100sma at around 232.20/30

if it falls--then that would be a tough nut to crack
232.20 is also a fibo line on my chart
Trade what you see, not what you think.
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