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

  • #30,201
  • Sep 20, 2007 11:24am Sep 20, 2007 11:24am
There is a support line sitting slightly above 229.00 and should provide a nice bounce. I don't expect it to break any time soon.

Note: No more wedge - pattern invalidated and time to move on - no entry and no loss.
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  • #30,202
  • Sep 20, 2007 11:24am Sep 20, 2007 11:24am
good VT 4hr Momentum to the downside.. and 4hr/1hr strategy confirmation..

We shall reach 228.50 by Tokyo.. Most likely by 1700 est today.
  • #30,203
  • Sep 20, 2007 11:24am Sep 20, 2007 11:24am
Quoting auslanco
I dont consider this as an attack , Pipchick got a "hit and run trading strategy" as many fundies do.. But we are technical traders who targets 100-300 pips every time when we click that button. This is a conflict between different trading strategies.

All i can say is thanks to people like AUSLANCO, KARMO, Etc..

The best strategy system i have ever used!!!!!!!!

Keep UP!!!!
  • #30,204
  • Sep 20, 2007 11:24am Sep 20, 2007 11:24am
this argument kinda reminds of someone wanting to do this...


click here
  • #30,205
  • Sep 20, 2007 11:25am Sep 20, 2007 11:25am
I'll short half a lot and if it moves up to 230.40, I'll enter the other half.
  • #30,206
  • Sep 20, 2007 11:26am Sep 20, 2007 11:26am
think i shorted too early..

as karmostaji says.. patience.. thats what i need to learn.
  • #30,207
  • Sep 20, 2007 11:27am Sep 20, 2007 11:27am
Quoting auslanco
good VT 4hr Momentum to the downside.. and 4hr/1hr strategy confirmation..

We shall reach 228.50 by Tokyo.. Most likely by 1700 est today.
You, me and karmo all have 228.40/50 as our target. It's probably gonna get there. THEN, the next move will be very INTERESTING.
  • #30,208
  • Sep 20, 2007 11:29am Sep 20, 2007 11:29am
gone short 230.01
will add to short at 230.40/60
  • #30,209
  • Sep 20, 2007 11:29am Sep 20, 2007 11:29am
Quoting karmostaji
to 61.8 fib where we also have 1hr 5sma, so thats 230.50

I'll add short there and TP 228.40
and 23.6 ret. level and secondary downward trend line
  • #30,210
  • Sep 20, 2007 11:30am Sep 20, 2007 11:30am
Dow has climbed to the positive territory in the last 2hrs. But GJ has fallen over 150 pips.. This is another example how DOW has not much influence on GJ.
P'S.. this is not a personal attack on anyone. Just keeping everyone informed
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  • #30,211
  • Sep 20, 2007 11:31am Sep 20, 2007 11:31am
Quoting auslanco
good VT 4hr Momentum to the downside.. and 4hr/1hr strategy confirmation..

We shall reach 228.50 by Tokyo.. Most likely by 1700 est today.
Is it with Tail Wind Aus....
you are just amazing..thanks bud
Success has a Thousand Fathers.
  • #30,212
  • Sep 20, 2007 11:32am Sep 20, 2007 11:32am
Quoting auslanco
Dow has climbed to the positive territory in the last 2hrs. But GJ has fallen over 150 pips.. This is another example how DOW has not much influence on GJ.
P'S.. this is not a personal attack on anyone. Just keeping everyone informed
It usually does have an influence on the g/j Aus. Not a personal attack.
  • #30,213
  • Sep 20, 2007 11:33am Sep 20, 2007 11:33am
wheres Markam?
  • #30,214
  • Sep 20, 2007 11:34am Sep 20, 2007 11:34am
its kind difficult to go up for reenter at 230.50ish...thus this mean that this is suitable position for rentering? pls guide
  • #30,215
  • Sep 20, 2007 11:34am Sep 20, 2007 11:34am
Quoting karmostaji
most possibly we will have a 4hr retrace, let u know in 3 mins
Karmo and Aus and others:

Question: Do the markets, traders and subsequent analyses strictly operate
off of a GMT time base where all 4HR retracement considerations jive /
coincide? Otherwise, the top of every hour is the start / 2nd / 3rd and
completion of various 4HR time frames.

As they say.... there is alway a happy hour happening somewhere. LOL
  • #30,216
  • Sep 20, 2007 11:34am Sep 20, 2007 11:34am
Just wanna say hi to everyone!

Up +135 pips on g/j short. Still wondering whether to hold the short or close it.

But it looks like it could go down further soon.
  • #30,217
  • Sep 20, 2007 11:34am Sep 20, 2007 11:34am
Quoting Hakuna Matata
wheres Markam?
he's probably shorting every 10 pips retrace on the beast, no time to post lol jk
Trade what you see, not what you think.
  • #30,218
  • Sep 20, 2007 11:35am Sep 20, 2007 11:35am
oversold

can someof u buy and push the price higher---i need to sell at higher price----cmon--out with your piggy banks
  • #30,219
  • Sep 20, 2007 11:36am Sep 20, 2007 11:36am
Quoting karmostaji
he's probably shorting every 10 pips retrace on the beast, no time to post lol jk
  • #30,220
  • Sep 20, 2007 11:36am Sep 20, 2007 11:36am
Quoting auslanco
Dow has climbed to the positive territory in the last 2hrs. But GJ has fallen over 150 pips.. This is another example how DOW has not much influence on GJ.
P'S.. this is not a personal attack on anyone. Just keeping everyone informed
thank you Aus
also I've noticed less correlation between EURJPY and GBPJPY.. and it is normal looking at the EURGBP chart...

maybe could be that DOW correlation with GJ is when EURGBP is ranging...

just a thought I wanted to share.

and to say hello. that I'm still here
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