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

  • #27,761
  • Sep 17, 2007 5:49am Sep 17, 2007 5:49am
Quoting auslanco
yess.. it will resume..However I'd like to see the direction of the new 4hr momentum in 20 mins.
It should finish the retracement by the time the stock market opens, because it looks like it will be going down at that point. Premarket isn't looking so good.
  • #27,762
  • Sep 17, 2007 5:50am Sep 17, 2007 5:50am
tgting 230.20-- 50ema 1hr
  • #27,763
  • Sep 17, 2007 5:50am Sep 17, 2007 5:50am
Quoting gau2902
Do you still believe retracement is due or it will head down as news is not positive?
Bad news does not neceseraly mean bad for the G/J these days. bad news could be taken as more of a reason for rate cut. this is posibly the reason why the market is not reacting at the moment. people are cautious and trying to digest this or any news and what efect it will have. this is why fundamentals are dangerouse to predic and trust at the moment. use the technicals (charts) for direction and ofcourse patience. just my point of view. but then again, i dont know much.
  • #27,764
  • Sep 17, 2007 5:51am Sep 17, 2007 5:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
It sure works most of the time.. Today during the Asian..I had a drawdown of 81 pips and the price turned around to achieve the 200pip profit target.

2% MM + 70% success rate = more time on beach.

I'm lovin thous Aussie, will however go to pub and support england just so people feel sorry for me and buy me a beer.
  • #27,765
  • Sep 17, 2007 5:51am Sep 17, 2007 5:51am
Quoting markam
It should finish the retracement by the time the stock market opens, because it looks like it will be going down at that point. Premarket isn't looking so good.
where were u buddy?
yeah i hope this will fall--one more good 15min sell signal--and ill be riding this beast down to 236.80
  • #27,766
  • Sep 17, 2007 5:51am Sep 17, 2007 5:51am
Quoting markam
It should finish the retracement by the time the stock market opens, because it looks like it will be going down at that point. Premarket isn't looking so good.
Further looking I see that the market has improved since the Empire numbers came out. Worse than the analysts predicted, but obviously better than the market expected.
  • #27,767
  • Sep 17, 2007 5:51am Sep 17, 2007 5:51am
Quoting Hakuna Matata
where were u buddy?
yeah i hope this will fall--one more good 15min sell signal--and ill be riding this beast down to 236.80
but 1hr 50ema first would be nice
  • #27,768
  • Sep 17, 2007 5:53am Sep 17, 2007 5:53am
Quoting Syafi
fundamentally the USD should go down, and raising JPY value... hmm nothing much happening after the news .....are they being cancelled out by the retracement
..
Market expected the numbers to be worse than they were. The analysts expectations didn't mean much.
  • #27,769
  • Sep 17, 2007 5:55am Sep 17, 2007 5:55am
Quoting Hakuna Matata
where were u buddy?
yeah i hope this will fall--one more good 15min sell signal--and ill be riding this beast down to 236.80
Works for me. I am hoping we get a lot of nervous investors pull out of the stock market today, and then a really nervous asian market later.
  • #27,770
  • Sep 17, 2007 6:00am Sep 17, 2007 6:00am
We are getting a long signal on 15 min strtegy..The price is still below the Daily Pivots 230.60 and the signal was generated below the pivot line. There for the TP target will be Daily Pivot level.(230.60)
  • #27,771
  • Sep 17, 2007 6:01am Sep 17, 2007 6:01am
Aus,

What's your new 4H momentum showing on your MT4 platform?

M2B
  • #27,772
  • Sep 17, 2007 6:03am Sep 17, 2007 6:03am
Quoting Hakuna Matata
where were u buddy?
yeah i hope this will fall--one more good 15min sell signal--and ill be riding this beast down to 236.80
Hi Bro
it should be 226.80 ? right
  • #27,773
  • Sep 17, 2007 6:07am Sep 17, 2007 6:07am
Quoting my2buoys
Aus,

What's your new 4H momentum showing on your MT4 platform?

M2B
MT4 up ,VT slightly down.

My interpretation: the market will be sideways until 1200EST and Up from 1200EST to 1300EST.
  • #27,774
  • Sep 17, 2007 6:08am Sep 17, 2007 6:08am
Quoting imransait
Hi Bro
it should be 226.80 ? right

lol--yeah thats what i meany--cheers
  • #27,775
  • Sep 17, 2007 6:09am Sep 17, 2007 6:09am
Quoting auslanco
MT4 up ,VT slightly down.

My interpretation: the market will be sideways until 1200EST and Up from 1200EST to 1300EST.
Thanks. My MT4 4H is in sync with VT timewise. I know your MT4 4H closes 1H later than mine.

M2B
  • #27,776
  • Sep 17, 2007 6:11am Sep 17, 2007 6:11am
Quoting Hakuna Matata
lol--yeah thats what i meany--cheers
exiting at 230.17
  • #27,777
  • Sep 17, 2007 6:12am Sep 17, 2007 6:12am
now ill just wait for sell signal-15min
bbl
  • #27,778
  • Sep 17, 2007 6:12am Sep 17, 2007 6:12am
Dear Markan

Can you please repost the link to the dow futures site?

TIA

Pepe
  • #27,779
  • Sep 17, 2007 6:13am Sep 17, 2007 6:13am
I will exit my longs at 4hr 5sma and wait until 1hr QQE confirmation to go long again upto Daily 5sma.
  • #27,780
  • Sep 17, 2007 6:17am Sep 17, 2007 6:17am
my firest long postion was closed in 229.96
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