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

  • #32,201
  • Sep 25, 2007 10:25pm Sep 25, 2007 10:25pm
can someone please tell me how i want to get 10 minutes timeframe?tq
Gold Expedition Return This Year: -16.4%
  • #32,202
  • Sep 25, 2007 10:25pm Sep 25, 2007 10:25pm
Quoting Holypendant
Aus, ask u a question. if GJ is in a uptrend channel, whenever it touch the upper channel, it will move dwn before it move up rite? can the price shoot out of the channel den fall back in another opening candle?
Channels can be useful to a degree but they are not effective for determining retracements or reversals by themselves. When used in confluence with Fib levels, momentum and the 5SMA they can be very helpful. I think Lilmoe is the one who uses channels very effectively. Lilmoe, can you help this Bro. out with channels?

M2B
  • #32,203
  • Sep 25, 2007 10:31pm Sep 25, 2007 10:31pm
Quoting my2buoys
Channels can be useful to a degree but they are not effective for determining retracements or reversals by themselves. When used in confluence with Fib levels, momentum and the 5SMA they can be very helpful. I think Lilmoe is the one who uses channels very effectively. Lilmoe, can you help this Bro. out with channels?

M2B

thanks to aLL of you... fib level is on 61.8 den there will be retracement rite?
  • #32,204
  • Sep 25, 2007 10:32pm Sep 25, 2007 10:32pm
Quoting gtt
Aus, what caused you to go long? Perfect fibo, zoran is still saying this friday we'll have a massive selloff, that's roughly 48 hours for longs to be safe? End of the month profit taking, .... what else can cause that?

Kinda afraid of this views, to get rid of the fear need to be informed and prepared, any insight from the members will be appreciated

I dont trade on fib's. When I have the correct set-up according to my strategy I enter.. This pair can move 1000pips within the next 48 hrs This is 4hr Gann knock back.. totally expected.. ..
  • #32,205
  • Sep 25, 2007 10:36pm Sep 25, 2007 10:36pm
Quoting auslanco
I dont trade on fib's. When I have the correct set-up according to my strategy I enter.. This pair can move 1000pips within the next 48 hrs This is 4hr Gann knock back.. totally expected.. ..
So your still long?
Craazy
  • #32,206
  • Sep 25, 2007 10:36pm Sep 25, 2007 10:36pm
aus, i am long with ya at 231.72
  • #32,207
  • Sep 25, 2007 10:36pm Sep 25, 2007 10:36pm
Quoting gtt
Aus, what caused you to go long? Perfect fibo, zoran is still saying this friday we'll have a massive selloff, that's roughly 48 hours for longs to be safe? End of the month profit taking, .... what else can cause that?

Kinda afraid of this views, to get rid of the fear need to be informed and prepared, any insight from the members will be appreciated
I think you kinda answered your own question.. if the big boys want to do profit taking on Friday, then it makes sense to push GJ up till Friday. 48 hours is a lot of time buddy
  • #32,208
  • Sep 25, 2007 10:38pm Sep 25, 2007 10:38pm
What are people's outlooks on GBP USD??
Craazy
  • #32,209
  • Edited 10:59pm Sep 25, 2007 10:38pm | Edited 10:59pm
Quoting markam
Great explanation for the feds .5% rate cut. Short, simple and logical.

http://suddendebt.blogspot.com/2007/...50-bp-cut.html
Thanks for that link markam. Since the U.S. got it's nice little rate cut that everyone was crying over, the dollar will continue down of course, gold may pull back before shooting through the roof, and the markets and carries will continue up "temporarily" unless we get some major bad news " i think."
"Only when the tide goes out will we know who is swimming naked."
  • #32,210
  • Sep 25, 2007 10:39pm Sep 25, 2007 10:39pm
Quoting craazy
So your still long?

yess.. I will be long until the price reach 231.08 or 233
  • #32,211
  • Sep 25, 2007 10:40pm Sep 25, 2007 10:40pm
Quoting auslanco
yess.. I will be long until the price reach 231.08 or 233
Cool, whats your thoughts on GBP USD?
Craazy
  • #32,212
  • Sep 25, 2007 10:42pm Sep 25, 2007 10:42pm
I'm short 231.71 going to sleep see ya
  • #32,213
  • Sep 25, 2007 10:44pm Sep 25, 2007 10:44pm
Quoting auslanco
yess.. I will be long until the price reach 231.08 or 233
Dude, you mean 232.08?
May the Pips be with You Let's Pimp some Pips!
  • #32,214
  • Sep 25, 2007 10:44pm Sep 25, 2007 10:44pm
Quoting bmwboyee
aus, i am long with ya at 231.72
This should pick up on the next 4hr bar
  • #32,215
  • Sep 25, 2007 10:45pm Sep 25, 2007 10:45pm
Quoting Holypendant
thanks to aLL of you... fib level is on 61.8 den there will be retracement rite?
There are no guarantees in Forex. If it were that easy, like a paint by number kit, no one would ever make money because the market would be too predictable. It would be like a million people all having the winning numbers to a major lottery: everybody would win but the amount they would win would be minimal (have you ever seen the movie 'Bruce Almighty'?). Fib levels are warning signals for potential points of support and resistance. Learning how to use them in confluence with other indicators is the key. The main thing you should be getting from me, and some of the others giving you advice, is that you cannot use just one indicator to make a decision in this market. Look for a few different signals working together to point you in the right direction.

M2B
  • #32,216
  • Sep 25, 2007 10:45pm Sep 25, 2007 10:45pm
Quoting RookieJookie
Dude, you mean 232.08?
Nope, 231.08 (SL)...
  • #32,217
  • Sep 25, 2007 10:46pm Sep 25, 2007 10:46pm
Quoting 59fender
I'm short 231.71 going to sleep see ya
he's going to have a bad morning. lmao.
  • #32,218
  • Sep 25, 2007 10:47pm Sep 25, 2007 10:47pm
Quoting RookieJookie
Dude, you mean 232.08?
No. His TP is 233 but his SL is 231.08.

M2B
  • #32,219
  • Sep 25, 2007 10:48pm Sep 25, 2007 10:48pm
Quoting RookieJookie
Dude, you mean 232.08?
Entry @ 231.68
SL 231.08 ( 60 pips from entry) -also below the Daily Pivot

TP 233( 132pips from entry)

P:L ratio 2.2:1
  • #32,220
  • Sep 25, 2007 10:48pm Sep 25, 2007 10:48pm
Quoting bmwboyee
he's going to have a bad morning. lmao.
I sure hope you're right (and I think you are!).

M2B
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