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

  • #24,721
  • Sep 11, 2007 7:56am Sep 11, 2007 7:56am
Quote
Hmm.. How come you entered there.. Arn't you suppose to wait for the 1hr 5 sma retracemnt??



I put a small position there.
  • #24,722
  • Sep 11, 2007 7:57am Sep 11, 2007 7:57am
retrace to 30mn 5 sma
  • #24,723
  • Sep 11, 2007 8:00am Sep 11, 2007 8:00am
Quoting bill77
the
Bro.. check your PM
  • #24,724
  • Sep 11, 2007 8:03am Sep 11, 2007 8:03am
It came very close to the retrace 1hr 5sma....is it time for long?
  • #24,725
  • Sep 11, 2007 8:03am Sep 11, 2007 8:03am
Quoting charvo
Dear Aus, a 4 hr/ 1hr typical long entry may come up after 9 est soon.
but if by that time, 30 min's QQE flat and momentum sharply pointing down, should we still enter at once? or must wait for 1 hr 5sma touched to enter?

Just want to learn an examle. Thanks in advance.

well, just found out that 1hr Momentum may turn down too, guess we'll have to wait for retracement.

The smaller TF are turning bearish on the retracemnet.. so we may have to wait a little.. The market is still very much ranging
  • #24,726
  • Sep 11, 2007 8:03am Sep 11, 2007 8:03am
this is nice. 4h tft confirmed up now on my platform, QQE's on all TF lined up

i will add more longs on 1h 5sma
  • #24,727
  • Sep 11, 2007 8:04am Sep 11, 2007 8:04am
Quoting lilmoe
look at these two tops
don't they look the same?

Attachment
Great chart, lilmoe. I saw those pins as well. The last one (the first shaded area on your chart) dropped 200 pips from high to low. That would equate with the 4H TFT on the present chart if this 30M pin follows a similar path of 200 pips down. That would be somewhere around 229.60. I'm a little leery of going long without seeing a major retracement similar to that.

M2B
  • #24,728
  • Sep 11, 2007 8:06am Sep 11, 2007 8:06am
Quoting auslanco
The smaller TF are turning bearish on the retracemnet.. so we may have to wait a little.. The market is still very much ranging

noted.
  • #24,729
  • Sep 11, 2007 8:06am Sep 11, 2007 8:06am
Quoting my2buoys
Great chart, lilmoe. I saw those pins as well. The last one (the first shaded area on your chart) dropped 200 pips from high to low. That would equate with the 4H TFT on the present chart if this 30M pin follows a similar path of 200 pips down. That would be somewhere around 229.60. I'm a little leery of going long without seeing a major retracement similar to that.

M2B

Nearly symetrical patterns! Patience.
  • #24,730
  • Sep 11, 2007 8:06am Sep 11, 2007 8:06am
Quoting auslanco
Bro.. check your PM
Got it mate and replied. Thanks
  • #24,731
  • Sep 11, 2007 8:06am Sep 11, 2007 8:06am
Quoting auslanco
Bro..
Hey Aus...i've completely lost track with this tread......as i'm in and out most times....baby

are u still posting your main strategy trades here or is this now a free for all?.....

i know it is a discussion tread, which is always helpful bt there's so much stuff to get through that i alwaz...alwz miss the trades (not actually sure if that's still done)??/
  • #24,732
  • Sep 11, 2007 8:11am Sep 11, 2007 8:11am
Quoting my2buoys
Great chart, lilmoe. I saw those pins as well. The last one (the first shaded area on your chart) dropped 200 pips from high to low. That would equate with the 4H TFT on the present chart if this 30M pin follows a similar path of 200 pips down. That would be somewhere around 229.60. I'm a little leery of going long without seeing a major retracement similar to that.

M2B
i was worried about it untill 4h tft crossed up, momentum looking gorgeous (cute) upwards

worste case senario i think now is 5sma on h4 TF
  • #24,733
  • Sep 11, 2007 8:16am Sep 11, 2007 8:16am
European markets up nicely across the board. Hopefully will translate to a strong US open.
  • #24,734
  • Sep 11, 2007 8:18am Sep 11, 2007 8:18am
Quoting BenQ
European markets up nicely across the board. Hopefully will translate to a strong US open.
DOW is 13,185
  • #24,735
  • Sep 11, 2007 8:19am Sep 11, 2007 8:19am
Quoting lilmoe
i was worried about it untill 4h tft crossed up, momentum looking gorgeous (cute) upwards

worste case senario i think now is 5sma on h4 TF
Usually whenever the 4H QQE crosses there will be a major retracement before the 4H momentum carries it through. I would look for the 15M, and maybe even the 30M, QQE's to cross down and cross back up before this thing really takes off upwards, if that is what it's gonna do. It has taken every bit of strength it could scratch out just to get to this point, although consolidated strength has been building on the 4H for a day or so. I know Bernanke is speaking at 11AM EST but we might not see a major move until the latter half of the NY session, which is a rarity, or even later on in the Asian session. Remember, Forex is full of surprises.

M2B
  • #24,736
  • Sep 11, 2007 8:20am Sep 11, 2007 8:20am
Was that the extent of the retrace -- almost made it to the H1 5sma.
  • #24,737
  • Sep 11, 2007 8:27am Sep 11, 2007 8:27am
Good morning mouseketeers,

I know a lot of people are hoping for a big up move today. With the US stock market, that is definitely possible. Just keep in mind that from the financial side, things are not improving and that there will be a crash day. Don't overextend yourself.

As for Countrywide, I predict bankruptcy by the end of the month.
Quote
COUNTRYSLIDE

MORTGAGE LENDER'S SHARES PLUNGE; SEEKS 2ND BAILOUT


http://www.nypost.com/seven/09112007...untryslide.htm
  • #24,738
  • Sep 11, 2007 8:29am Sep 11, 2007 8:29am
Well I'm out until much later today, WELL after Bigmouth Bernie talks his fables to the world....lol (learned that the hard way)
  • #24,739
  • Sep 11, 2007 8:31am Sep 11, 2007 8:31am
Quoting my2buoys
Usually whenever the 4H QQE crosses there will be a major retracement before the 4H momentum carries it through. I would look for the 15M, and maybe even the 30M, QQE's to cross down and cross back up before this thing really takes off upwards, if that is what it's gonna do. It has taken every bit of strength it could scratch out just to get to this point, although consolidated strength has been building on the 4H for a day or so. I know Bernanke is speaking at 11AM EST but we might not see a major move until the latter half of the NY session, which is a rarity, or even later on in the Asian session. Remember, Forex is full of surprises.

M2B
noted everything u said. but your prediction, or observation, would be more of a fact if qqe crossed AFTER TFT crossing, this was not the case today. i will keep on eye on the market though.

Dow has been striving to clear a high it reached yesturday, but bounced off of it really hard, today it reached the same high, but the bounce wasn't as hard. i hope bernenke's speech would give it the power for a nice rally, and take GJ with it.

cheers
  • #24,740
  • Sep 11, 2007 8:34am Sep 11, 2007 8:34am
Did anyone else notice that the asian stock markets were positive last night, except for China? They were down 4.5%. Unusual to say the least.
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