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

  • #25,821
  • Sep 12, 2007 10:38pm Sep 12, 2007 10:38pm
  •  jmatt
  • | Joined Jul 2007 | Status: Forex is great, God is better!!! | 60 Posts
Quoting SailingAway
30mn candle clsed below 50ema and 100sma
last time this happened on 30m was at 8:30am yesterday and price dropped to 231.02 on the next candle before shooting up....let's hope it does it again. who knows?
  • #25,822
  • Sep 12, 2007 10:40pm Sep 12, 2007 10:40pm
Resistance @ 50EMA and support @ Gann. If the price manage break any of these lavels successfully..it will be the end of this ranging market. Since the new MoM on 4hr bar has crossed down the zero line I would expect the price to break to the downside before 0900GMT.
Attached Image
  • #25,823
  • Sep 12, 2007 10:41pm Sep 12, 2007 10:41pm
Quoting SailingAway
I do not care which way this pair breaks . . . UP or DOWN! I will HAPPILY join the hunt for PIPS in either case!

I will also congratulate and applaud the astute picker!

SAW
  • #25,824
  • Sep 12, 2007 10:43pm Sep 12, 2007 10:43pm
Quoting SailingAway
Is there a genius in the house? :-)
Please limit your postings mate. You are flooding this thread with useless posts.
  • #25,825
  • Sep 12, 2007 10:43pm Sep 12, 2007 10:43pm
Quoting brok
Mate cool off a bit
I think he got into the weekend brewskies a little early.

M2B
  • #25,826
  • Sep 12, 2007 10:50pm Sep 12, 2007 10:50pm
Quoting jmatt
last time this happened on 30m was at 8:30am yesterday and price dropped to 231.02 on the next candle before shooting up....let's hope it does it again. who knows?
Frankfurt seems to love battering the pound, so we'll have them working for us too very shortly.
  • #25,827
  • Sep 12, 2007 10:54pm Sep 12, 2007 10:54pm
i've noticed frankfurt batter the pound at its open recently.yes ..but is it an everyday occurence?
  • #25,828
  • Sep 12, 2007 10:58pm Sep 12, 2007 10:58pm
Let the trade come to you, don't go running after it

I've closed that 1 short I had.
Trade what you see, not what you think.
  • #25,829
  • Sep 12, 2007 10:58pm Sep 12, 2007 10:58pm
Quoting bayoor
i've noticed frankfurt batter the pound at its open recently.yes ..but is it an everyday occurence?
I seriously doubt it. You can always check the history through the charts. But I do suspect they enjoy it, and take advantage when they can!
  • #25,830
  • Sep 12, 2007 11:07pm Sep 12, 2007 11:07pm
Levels to watch for the breakout

An hourly close above 232.00 for the bulls
An hourly close below 231.40 for the bears
Trade what you see, not what you think.
  • #25,831
  • Sep 12, 2007 11:14pm Sep 12, 2007 11:14pm
if fed lows interest rate by 50bp as expected next week, what is suppose to happen to GY?
  • #25,832
  • Sep 12, 2007 11:14pm Sep 12, 2007 11:14pm
well as karmo said if 231.40 can be breached than we should see 229 today... auslanco man your strategy is also pretty much showing a bear run i believe right?

however yesterday same scenario happened when the pair closed at 231.28, i went short... but than the pair jumped to 232.25

hopefully wont happen today
give me my pips back...
  • #25,833
  • Sep 12, 2007 11:19pm Sep 12, 2007 11:19pm
the downtrend line is a beautiful resistance as well as the fibo level seems to be working and the uptrend line is supportive

so its a mess right now and lets see which direction we will see.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 18 KB
give me my pips back...
  • #25,834
  • Sep 12, 2007 11:30pm Sep 12, 2007 11:30pm
Quoting Lincoln_10
well as karmo said if 231.40 can be breached than we should see 229 today... auslanco man your strategy is also pretty much showing a bear run i believe right?

however yesterday same scenario happened when the pair closed at 231.28, i went short... but than the pair jumped to 232.25

hopefully wont happen today
bro.. I made 60 pips from that 15min strategy trade yesterday.. I went short @ 231.80 and got out 231.20.. How come you entered 231.28?
  • #25,835
  • Sep 12, 2007 11:33pm Sep 12, 2007 11:33pm
Quoting auslanco
bro.. I made 60 pips from that 15min strategy trade yesterday.. I went short @ 231.80 and got out 231.20.. How come you entered 231.28?

cause i have a support at 231.46
and when the pair had crossed that support and closed at 231.28 and when your strategy with some of my other strategies pointed south i went short...
but totally neglected the small uptrend line which i also have in the above graph.

so disappointed in myself
give me my pips back...
  • #25,836
  • Sep 12, 2007 11:33pm Sep 12, 2007 11:33pm
Quoting auslanco
bro.. I made 60 pips from that 15min strategy trade yesterday.. I went short @ 231.80 and got out 231.20.. How come you entered 231.28?
yes, I made 10 pip also, entered 231.70 exit 231.60 .... it took so long to move i just exit to go sleep..
  • #25,837
  • Sep 12, 2007 11:34pm Sep 12, 2007 11:34pm
London boys will show us the way, have some patience.
Trade what you see, not what you think.
  • #25,838
  • Sep 12, 2007 11:41pm Sep 12, 2007 11:41pm
Quoting Lincoln_10

however yesterday same scenario happened when the pair closed at 231.28, i went short... but than the pair jumped to 232.25

hopefully wont happen today

Lincoln:

A close above or below key resistence and supports needs
confirmation by another candle. That is why most will
wait for the second candle/bar to close before entering
a trade. Yesterday's scenario of which you speak
often occurs. Most all of us have made the same
mistake.
  • #25,839
  • Sep 12, 2007 11:42pm Sep 12, 2007 11:42pm
4H retrace is complete. 30 min and 15 min QQE's are still crossed down.
  • #25,840
  • Sep 12, 2007 11:42pm Sep 12, 2007 11:42pm
Quoting Syafi
yes, I made 10 pip also, entered 231.70 exit 231.60 .... it took so long to move i just exit to go sleep..
yehh It took about 6hrs to make that 6o pips..
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