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

  • #26,201
  • Sep 13, 2007 12:27pm Sep 13, 2007 12:27pm
Quoting auslanco
4hr 5 sma retracement guys.. Longs be careful
i m long since 234.30
what should i do?
  • #26,202
  • Sep 13, 2007 12:27pm Sep 13, 2007 12:27pm
Quoting auslanco
4hr 5 sma retracement guys.. Longs be careful
I thought the same thing when I looked at the 4hr momentum when the candle opened, but this bullish trend was stronger. We will have a new 4hr momentum in 30 mins..
Trade what you see, not what you think.
  • #26,203
  • Sep 13, 2007 12:29pm Sep 13, 2007 12:29pm
Quoting auslanco
4hr 5 sma retracement guys.. Longs be careful
Thats what I kept telling them, but there just a bunch of damn bulls on this thread.
  • #26,204
  • Sep 13, 2007 12:30pm Sep 13, 2007 12:30pm
Quoting danryman78
i m long since 234.30
what should i do?
i m long in gu too since 2.0310
  • #26,205
  • Sep 13, 2007 12:31pm Sep 13, 2007 12:31pm
a break below 234 could signal the end of this long leg.
  • #26,206
  • Sep 13, 2007 12:31pm Sep 13, 2007 12:31pm
Quoting markam
If you entered at the top of that spike, I would call that a mistake. It is likely to drop down another 40-50 pips back to the range it was at earlier.

I would expect the dollar to weaken some more before the fed announcement, so GU should go up some more. I don't trade that pair, so I really don't have a strong feeling about what it will do short-term.
Thanks bro,i will have to wait for it to go up a little bit and get out of the trade......sorry for disturbing.thanks again
With Tiger All Pips Are PossiBle
  • #26,207
  • Sep 13, 2007 12:32pm Sep 13, 2007 12:32pm
Quoting karmostaji
I thought the same thing when I looked at the 4hr momentum when the candle opened, but this bullish trend was stronger. We will have a new 4hr momentum in 30 mins..
There wont be a bullish movement until Asian bro.. the actual 4hr retracemnt starts in another 30mins.. 30min TF is crossed down and confirmed.. This will go down to 233-233.30 area.
  • #26,208
  • Sep 13, 2007 12:34pm Sep 13, 2007 12:34pm
200 SMA is a strong bounce everytime.. specially after the pair has done 200-300 pips without a single retracement , not even a 1hr 5sma retracement.
  • #26,209
  • Sep 13, 2007 12:37pm Sep 13, 2007 12:37pm
if there is no strong dow push at eod, i will think about a short. i don't see this going back to 230 though. if the dow closes close to 13500 this will carry gbp/jpy north imo.
  • #26,210
  • Sep 13, 2007 12:37pm Sep 13, 2007 12:37pm
Quoting auslanco
200 SMA is a strong bounce everytime.. specially after the pair has done 200-300 pips without a single retracement , not even a 1hr 5sma retracement.

hmmm, i guess it would be more credible when it comes out of u big man!
  • #26,211
  • Sep 13, 2007 12:39pm Sep 13, 2007 12:39pm
Quoting bmwboyee
if there is no strong dow push at eod, i will think about a short. i don't see this going back to 230 though. if the dow closes close to 13500 this will carry gbp/jpy north imo.
sorry I was meant to say 233. I just corrected it
  • #26,212
  • Sep 13, 2007 12:41pm Sep 13, 2007 12:41pm
Quoting auslanco
sorry I was meant to say 233. I just corrected it
lol, i was going to say. you need sleep my friend
  • #26,213
  • Sep 13, 2007 12:41pm Sep 13, 2007 12:41pm
Quoting auslanco
200 SMA is a strong bounce everytime.. specially after the pair has done 200-300 pips without a single retracement , not even a 1hr 5sma retracement.



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  • #26,214
  • Sep 13, 2007 12:43pm Sep 13, 2007 12:43pm
auslanco, pls can you check Gbpuds cause am confiused rigth now willnit go long or short,what did you think
With Tiger All Pips Are PossiBle
  • #26,215
  • Sep 13, 2007 12:43pm Sep 13, 2007 12:43pm
Quoting auslanco
There wont be a bullish movement until Asian bro.. the actual 4hr retracemnt starts in another 30mins.. 30min TF is crossed down and confirmed.. This will go down to 233-233.30 area.
you mean we will have bull in asian market aus?
  • #26,216
  • Sep 13, 2007 12:43pm Sep 13, 2007 12:43pm
Quoting lilmoe


Attachment
lilmoe, check your pm's.
  • #26,217
  • Sep 13, 2007 12:44pm Sep 13, 2007 12:44pm
Quoting lilmoe
what do u do for a living other than forex by the way?
I.T. Contractor (Unix architect). I work from home most days and there's not a lot to do, so forex fills the gap

Actually, it should be the other way around, I trade and my job fills the gap.
  • #26,218
  • Sep 13, 2007 12:47pm Sep 13, 2007 12:47pm
Quoting lilmoe


Attachment
no they are not retracements.. that was the 5 sma line connected to the bottom wick of the bar. There were no actual retracement.s. The first 1hr retracement was after the bounce back from the 200 sma on the last 1hr bar(bear bar @ 6GMT)
  • #26,219
  • Sep 13, 2007 12:49pm Sep 13, 2007 12:49pm
Quoting Zoran
I.T. Contractor (Unix architect). I work from home most days and there's not a lot to do, so forex fills the gap

Actually, it should be the other way around, I trade and my job fills the gap.
No wonder you go missing all of a sudden
  • #26,220
  • Sep 13, 2007 12:51pm Sep 13, 2007 12:51pm
Quoting danryman78
you mean we will have bull in asian market aus?

will wait and see bro.. no guarantees.. may be London..
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