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

  • #30,301
  • Sep 20, 2007 11:18am Sep 20, 2007 11:18am
Quoting Pipsqueak
karmo said it would go up to 230.50, I have half a lot waiting at 230.40.
i hope i'm not wrong, but i really think this sucker is going to reach 230.90 - 231
  • #30,302
  • Sep 20, 2007 11:20am Sep 20, 2007 11:20am
am i the only one holding short from 229.9x area?
  • #30,303
  • Sep 20, 2007 11:20am Sep 20, 2007 11:20am
Quoting Pipsqueak
karmo said it would go up to 230.50, I have half a lot waiting at 230.40.
if it doesn't stop there then it will go to 50% (230.85) where 50ema is there also on 15m chart
Trade what you see, not what you think.
  • #30,304
  • Sep 20, 2007 11:20am Sep 20, 2007 11:20am
Well if when I'm not sure if it would go up to the next retracement level, I just short half my position now, then if it does go the next retracement level, I would short the other half.
  • #30,305
  • Sep 20, 2007 11:22am Sep 20, 2007 11:22am
daily pivot s1 at 230.40 acting as resistance


Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 18 KB
  • #30,306
  • Sep 20, 2007 11:23am Sep 20, 2007 11:23am
Quoting MPP
Aus your daily pivot on that chart looks different to mine, we are on US open time now and what is your pivot at.

regards

MPP
8AM EST
  • #30,307
  • Sep 20, 2007 11:25am Sep 20, 2007 11:25am
Quoting lilmoe
hello all!

Hi Majd, I'm from Amman/Jordan. u?

by the way, momentum on 15m chart sure is scary... i will exit my shorts, and will reload them again as soon as i get a better reentry, i don't mind losing pips, but sure like to hold on to the ones i made
Hi lilmoe,

Sahtein, Jordanian living in Dubai
  • #30,308
  • Sep 20, 2007 11:25am Sep 20, 2007 11:25am
Quoting Tatton
am i the only one holding short from 229.9x area?
no, i did the same but at 1/3 of normal lots just in case this happened. but i still think we go down
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #30,309
  • Sep 20, 2007 11:25am Sep 20, 2007 11:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
my 1h has cleared the 5 sma (230.15) and is heading to the 4h 5 sma (230.90)

my daily pivot is at 231.25 am i far off
  • #30,310
  • Sep 20, 2007 11:26am Sep 20, 2007 11:26am
Price bouncing off a TL, if this TL holds, it won't go much higher
Trade what you see, not what you think.
  • #30,311
  • Sep 20, 2007 11:27am Sep 20, 2007 11:27am
Quoting moneymagnet
i know this is not the room for this, but just a thought. I have been watching as this developed and it is really looking like we are in a wave 4 consolidation of the elliott wave, which is very normal for waves 2 and 4. if we break and close below the shaded area we could be in full wave 5 mode for at least a 1000 pips. any thoughts.

ps.
i am not an elliotician, just looking for more confirmation for longerterm short.
You might like to see the update of a chart that I first posted some days ago in the GBPJPY thread....like you said, it may help clarify the breakout levels.

For me, until there is a Daily Close above the W1 low of 237.40, we are still heading down to a W5 low, with the first target at 208.11.
Attached Image (click to enlarge)
Click to Enlarge Name: sep 20 daily.gif Size: 15 KB
Trading Levels with WRBs
  • #30,312
  • Sep 20, 2007 11:28am Sep 20, 2007 11:28am
Ok.. guys I'm done for the day MY SL 231.28 and T.P at 228.50.

It's 2.30 Midnight here, Got to sleep.I will see you guys tomorrow.
  • #30,313
  • Sep 20, 2007 11:28am Sep 20, 2007 11:28am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
8AM EST

time differnce is a pain, mine pivot is at 231.45, anywhere near yours.

my server is not on GMT so i have to work out est to gmt and then to server time. that why i keep check hopefully after a few days i will have it sorted.

cheers
  • #30,314
  • Sep 20, 2007 11:29am Sep 20, 2007 11:29am
Here's a 15m chart with the TL drawn

http://img220.imageshack.us/img220/3866/gjbw5.gif
Trade what you see, not what you think.
  • #30,315
  • Sep 20, 2007 11:30am Sep 20, 2007 11:30am
Quoting Islander
You might like to see the update of a chart that I first posted some days ago in the GBPJPY thread....like you said, it may help clarify the breakout levels.

For me, until there is a Daily Close above the W1 low of 237.40, we are still heading down to a W5 low, with the first target at 208.11.
Errrr... wow, thats 137 Mortgage Payments.
  • #30,316
  • Sep 20, 2007 11:31am Sep 20, 2007 11:31am
Here is a indicator i use sometimes, Its simply the price at specific RSI levels plotted on the chart. You can see that they behave fairly well as S&R. The RSI 50 is the strongest one, but you can see its bouncing between RSI 40 and 30 level.

Its just another one of those things like ema, pivots, murrey math, etc that seem to have a confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: kkk.gif Size: 16 KB
  • #30,317
  • Sep 20, 2007 11:34am Sep 20, 2007 11:34am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
please please can anyone please confirm the current pivot for the us session

mine is at 231.45
  • #30,318
  • Sep 20, 2007 11:36am Sep 20, 2007 11:36am
Quoting karmostaji
Here's a 15m chart with the TL drawn
to me this smells like a m30 qqe cross upwards, now if that happens, i guess 50% won't be enough.. it might reach a couple of pips below Aus's SL hope it doesn't reach there though.
  • #30,319
  • Sep 20, 2007 11:36am Sep 20, 2007 11:36am
Quoting MPP
please please can anyone please confirm the current pivot for the us session

mine is at 231.45
I'm using 8EST on VT with Daily Pivot at 231.42 am for this US session..
  • #30,320
  • Sep 20, 2007 11:37am Sep 20, 2007 11:37am
Quoting MPP
please please can anyone please confirm the current pivot for the us session

mine is at 231.45
Hi MPP, mine's at 231.41. I dont know if its right tho. My broker is GMT so seeing as US starts at 0800EST, i entered 1200GMT on my day start.

Cheers,
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