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

  • #21,621
  • Sep 5, 2007 3:01am Sep 5, 2007 3:01am
No hourly nor 4hr retracement, I just went short again and I'm leaving to univ

Later
Trade what you see, not what you think.
  • #21,622
  • Sep 5, 2007 3:04am Sep 5, 2007 3:04am
Based upon the 5 minute candle straddling the support at 232.02 and 232.15, there would be no indication of a short for me here today.

I am going to sleep, let this thing ride all it wants either way, enough fun for one day.

Trade smart folks!
  • #21,623
  • Sep 5, 2007 3:09am Sep 5, 2007 3:09am
Quoting dimmi
Can't put any trades thru Oanda at moment anyway. Connects, then disconnects.. won't let me do anything.
Mine is working ok.

Mike
  • #21,624
  • Sep 5, 2007 3:15am Sep 5, 2007 3:15am
[quote=MikeW;1576956]Mine is working ok.

Mike:

The problem that these Oanda interruptions entail is that when
they do get back to working, I am usually hesitant to place a
trade for fear of further problems.

The only thing on my side is that my money management
prevents being wiped out should I have a trade on when
these shut downs occur.

I am going to be looking for another broker. This is happening
too often.
  • #21,625
  • Sep 5, 2007 3:18am Sep 5, 2007 3:18am
Quoting monarch
Based upon the 5 minute candle straddling the support at 232.02 and 232.15, there would be no indication of a short for me here today.

I am going to sleep, let this thing ride all it wants either way, enough fun for one day.

Trade smart folks!
I would be looking for a break of 231.85 before entering a short. I feel that 232.02 still has some support under it.

Mike
  • #21,626
  • Sep 5, 2007 3:21am Sep 5, 2007 3:21am
1 HR retracement @232.56 . . . 4HR currently @233.55
  • #21,627
  • Sep 5, 2007 3:23am Sep 5, 2007 3:23am
Let's see what the UK services pmi comes out as ..
  • #21,628
  • Sep 5, 2007 3:26am Sep 5, 2007 3:26am
[quote=winterwhite;1576964]
Quoting MikeW
Mine is working ok.

Mike:

The problem that these Oanda interruptions entail is that when
they do get back to working, I am usually hesitant to place a
trade for fear of further problems.

The only thing on my side is that my money management
prevents being wiped out should I have a trade on when
these shut downs occur.

I am going to be looking for another broker. This is happening
too often.
I've never had this problem yet, but I don't place many trades in a day to notice.

To be on the safe side, in light of your experience, I'll start placing my SL at the same time as I place the trade.

Mike
  • #21,629
  • Sep 5, 2007 3:26am Sep 5, 2007 3:26am
[quote=winterwhite;1576964]
Quoting MikeW
Mine is working ok.

Mike:

The problem that these Oanda interruptions entail is that when
they do get back to working, I am usually hesitant to place a
trade for fear of further problems.

The only thing on my side is that my money management
prevents being wiped out should I have a trade on when
these shut downs occur.

I am going to be looking for another broker. This is happening
too often.
My main concern is will Oanda close down? den there goes my money...
  • #21,630
  • Sep 5, 2007 3:26am Sep 5, 2007 3:26am
Quoting monarch
Based upon the 5 minute candle straddling the support at 232.02 and 232.15, there would be no indication of a short for me here today.

I am going to sleep, let this thing ride all it wants either way, enough fun for one day.

Trade smart folks!
Volume is quite small now,seems need to gather some strength to try the low again before US open.
  • #21,631
  • Sep 5, 2007 3:26am Sep 5, 2007 3:26am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
based on Auslanco's chart system, i have a touch on the 5Sma on the 1h, the 4h is still bearish.

would mean we can go short? only the 30m has got a sharp bull on the QQE and MOM.

regards

MPP
  • #21,632
  • Sep 5, 2007 3:27am Sep 5, 2007 3:27am
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  • #21,633
  • Sep 5, 2007 3:35am Sep 5, 2007 3:35am
UK services pmi.. much better than forecast..
  • #21,634
  • Sep 5, 2007 3:36am Sep 5, 2007 3:36am
and guess where this pair wants to close?

bloody 50ema on 4 hr
  • #21,635
  • Sep 5, 2007 3:38am Sep 5, 2007 3:38am
Quoting Hakuna Matata
and guess where this pair wants to close?

bloody 50ema on 4 hr
Is the move significant?! Aus said that these releases may affect the pair on limited range, and then, the trend will resume afterwards... What do you spot>! A reversal?! Or retracement?
Hello World
  • #21,636
  • Sep 5, 2007 3:40am Sep 5, 2007 3:40am
Quoting Hakuna Matata
and guess where this pair wants to close?

bloody 50ema on 4 hr
The report is definitely supportive of the pound Hakuna.. but you never know, some big sellers can push this thing down. The next event I'll be waiting for is the ADP report. God knows what will happen between now till that report
  • #21,637
  • Sep 5, 2007 3:40am Sep 5, 2007 3:40am

who let the bulls out !
  • #21,638
  • Sep 5, 2007 3:42am Sep 5, 2007 3:42am
Quoting egutie6970

who let the bulls out !
UK PMI report bro.. but who knows.. this could just be a temporary upswing because of the positive report.. and then it could be downhill. I'm staying out until the ADP employment comes out.
  • #21,639
  • Sep 5, 2007 3:43am Sep 5, 2007 3:43am
Quoting egutie6970

who let the bulls out !
Send more bears then...
Hello World
  • #21,640
  • Sep 5, 2007 3:44am Sep 5, 2007 3:44am
Quoting VishalJ
UK PMI report bro.. but who knows.. this could just be a temporary upswing because of the positive report.. and then it could be downhill. I'm staying out until the ADP employment comes out.
Thanks bro... yea thats what i'm hoping for... i notice this pair goes the opposite way when news is realease then the way it really wants to go... also Tokyo is going to close in 15 minutes so that might be the push up as well hmm lets just wait and see...
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