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

  • #25,441
  • Sep 12, 2007 7:39am Sep 12, 2007 7:39am
Quoting finengineer
No where they know how to play rugby- S Africa.
Checked it up. Just a small outbreak close to previos. Contained. Don't think it was that newsworthy.
Where in South Africa? I was in SA a lot for business a few years ago. Beautiful country.
  • #25,442
  • Sep 12, 2007 7:40am Sep 12, 2007 7:40am
Quoting BenQ
What's your target HM? I went short a few hours ago when it was bumping up against the 50. I think you did as well. I"m looking for 230.20.

im not in any postions buddy
im just watching till another 20 min when my 4hr candle closes
and then ill see
  • #25,443
  • Sep 12, 2007 7:45am Sep 12, 2007 7:45am
hi aus and m2boy
can you check this is a divegence in 4 hr chart??
tks
Attached Image (click to enlarge)
Click to Enlarge Name: amir11.jpg Size: 229 KB
  • #25,444
  • Sep 12, 2007 7:54am Sep 12, 2007 7:54am
I am showing something interesting on my 4hr chart. G/J

I have the 100sma, the 5sma, and the 50ema all bunched together right now.

I would be interested in hearing the chart masters thoughts about this?

http://i13.tinypic.com/625nl2h.gif
  • #25,445
  • Sep 12, 2007 7:57am Sep 12, 2007 7:57am
wow, hale to the american traders, we finally got a normal upward breakthrough for EY. I hope GY is coming too, as UY is finally going up again
We leave no soldier behind.
  • #25,446
  • Sep 12, 2007 8:00am Sep 12, 2007 8:00am
its a very sticky situation we are having right now...
last hour the pair could close below 231.50 which was a very strong support recently... but right next hour it broke that above.

fooled me big time because i was confident the pair would drop since 231.50 was broken...
at this very moment the pair is trying to bounce back or break above around the 5 and 100 SMAs in H4 chart..

i am still holding shorts

also in the 30 min chart the pair, the 50 SMA is trying to be a resistance at 231.80
give me my pips back...
  • #25,447
  • Sep 12, 2007 8:02am Sep 12, 2007 8:02am
Quoting shahroodi
hi aus and m2boy
can you check this is a divegence in 4 hr chart??
tks
Yes, that is an example of negative inverted divergence. However, I don't personally use Momentum against price to look for divergence. I like to look for it in either MACD to price or one of the other oscillators like RSI to price or Stochastics to price. I'm not saying it's not effective with momentum, I just haven't tested it. And remember, divergence should only be used as a secondary confirming indicator.

M2B
  • #25,448
  • Sep 12, 2007 8:05am Sep 12, 2007 8:05am
Quoting my2buoys
Yes, that is an example of negative inverted divergence. However, I don't personally use Momentum against price to look for divergence. I like to look for it in either MACD to price or one of the other oscillators like RSI to price or Stochastics to price. I'm not saying it's not effective with momentum, I just haven't tested it. And remember, divergence should only be used as a secondary confirming indicator.

M2B
tks my bud
i get it
  • #25,449
  • Sep 12, 2007 8:06am Sep 12, 2007 8:06am
played with beer money for 50 pips

Quoting auslanco
Possible bounce @ 4hr Gann
  • #25,450
  • Sep 12, 2007 8:06am Sep 12, 2007 8:06am
I wasn't home to close my short trade and it didn't reach my TP, hmm decisions decisions
Trade what you see, not what you think.
  • #25,451
  • Sep 12, 2007 8:09am Sep 12, 2007 8:09am
Quoting karmostaji
I wasn't home to close my short trade and it didn't reach my TP, hmm decisions decisions
Btw, I just went short @231.82 and try to tank 100 pips http://www.forexfactory.com/images/icons/icon10.gif
Because there are so many of confluent of events here like HM pointed out his ema stuffs, plus negative on US treasuries plus QQE 1 hr also bearish. Let's see
  • #25,452
  • Sep 12, 2007 8:10am Sep 12, 2007 8:10am
Quoting mktjong
Btw, I just went short @231.82 and try to tank 100 pips http://www.forexfactory.com/images/icons/icon10.gif
Because there are so many of confluent of events here like HM pointer out his ema stuffs, plus negative on US treasuries plus QQE 1 hr also bearish. Let's see
I'm going to stay with my short, I'm expecting DOW to fall today.. so let's see
Trade what you see, not what you think.
  • #25,453
  • Sep 12, 2007 8:13am Sep 12, 2007 8:13am
[quote=kevinsw;1589173]I am showing something interesting on my 4hr chart. G/J

I have the 100sma, the 5sma, and the 50ema all bunched together right now.

I would be interested in hearing the chart masters thoughts about this?



its called a mother consolidation
waiting for a BIG brk out

as it brks--the MA's will diverge and separate and form a new TREND

then--your friend will be the trend
  • #25,454
  • Sep 12, 2007 8:15am Sep 12, 2007 8:15am
Quoting karmostaji
I wasn't home to close my short trade and it didn't reach my TP, hmm decisions decisions

its looking fu**ed

wheres the shisha?
  • #25,455
  • Sep 12, 2007 8:17am Sep 12, 2007 8:17am
Quoting Hakuna Matata
its looking fu**ed

wheres the shisha?
asking for shisha..aint u fasting bro
Success has a Thousand Fathers.
  • #25,456
  • Sep 12, 2007 8:17am Sep 12, 2007 8:17am
Quoting karmostaji
I'm going to stay with my short, I'm expecting DOW to fall today.. so let's see
I've given up expecting the dow to fall. I'm expecting it to hit 13400 today.
  • #25,457
  • Sep 12, 2007 8:18am Sep 12, 2007 8:18am
Btw, us treasuries just slightly positive again. It's kind of flirting at 0 line right now. Someone knock it down please
  • #25,458
  • Sep 12, 2007 8:18am Sep 12, 2007 8:18am
i still favour the shorts
how ironic--when i said i was waiting for the 4hr candle to close--it was trading at 231.20/30ish and it closes right at the 50ema
  • #25,459
  • Sep 12, 2007 8:18am Sep 12, 2007 8:18am
Quoting kayman
asking for shisha..aint u fasting bro
why would i be fasting?
  • #25,460
  • Sep 12, 2007 8:19am Sep 12, 2007 8:19am
Quoting markam
I've given up expecting the dow to fall. I'm expecting it to hit 13400 today.
Ok then it will fall after hitting 13400, IMO it should continue downwards.. but we need some bad news to fuel it
Trade what you see, not what you think.
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