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

  • #35,301
  • Oct 1, 2007 11:54pm Oct 1, 2007 11:54pm
Quoting Hakuna Matata
te open of prev 1hr canlde is at 235.66
if this candle closes higher then that , then we'll get a bullish engulfing candle--and v likley price will cont further up --to some highre poitn or back of bullish trend
do u guys get what im trying to say-?? sometimes im just typing what im thinking
Japanese's treasuries is currently quite strong if it stays till close, we may well see downward continuation.
By the way, this data has screwed me up several times too http://www.forexfactory.com/images/icons/icon10.gif
But it is just another reference to look at http://www.forexfactory.com/images/icons/icon12.gif
  • #35,302
  • Oct 1, 2007 11:55pm Oct 1, 2007 11:55pm
Watching a 1min chart right now (I'm bored) and I think we'll head lower a bit. Not saying fresh, new lows, but definitely lower. I'll feel it out, may use it as an overall buying opportunity.
check out my blog: forexmademillionaire dot com
  • #35,303
  • Oct 1, 2007 11:55pm Oct 1, 2007 11:55pm
Quoting Geppy
I agree, but if you take a fib from the low on 9/28/07 at 4:00 on the 4hr chart, I have this being the 38.2% Fib on my chart. This is a pretty healthy retracement in my book. The overall, longer term trend is up, especially since we successfully cracked the 236.00 barrier. I had shorts fro m
236.45 that I took around 2:00pm my time (5:00EST) and just covered them a little bit ago around 235.35. I was a very nice move indeed. However, when I went to take a small long position (I like to scale into my overall position with smaller increments), I missed it by just 2 pips and this pop higher happened. I'm not saying I think the uptrend has resumed quite yet, but it definitely could be.

yup --ive got that too--i forgot to mention that--nice---so we have to be careful for loading shorts--thats my opinion
best is to rest as east meets west ( sorry---got carried away---lol)
  • #35,304
  • Oct 1, 2007 11:56pm Oct 1, 2007 11:56pm
Quoting Hakuna Matata
te open of prev 1hr canlde is at 235.66
if this candle closes higher then that , then we'll get a bullish engulfing candle--and v likley price will cont further up --to some highre poitn or back of bullish trend
do u guys get what im trying to say-?? sometimes im just typing what im thinking
I understand exactly what you are saying, the price action on the 1 hour chart will present itself for an imminent upside if it stays as a bullish engulfing pattern. One thing, however, to think about is the fact that we are in what I would consider a small downtrend at the moment. This is a good area to scale down the position. However, through my trading and analysis of the market, I do not trade against the trade whatsoever. As I just said, this will present itself as an excellent area to dump out some profit. Once it hits the Fibonacci Retracement levels, we will see if it has enough steam to keep moving upwards or if a bounce will prevail.
I dream, therefore I become.
  • #35,305
  • Oct 1, 2007 11:57pm Oct 1, 2007 11:57pm
previous low was 235.20 we currently have a higher low 235.33
Attached Image (click to enlarge)
Click to Enlarge Name: higher low.gif Size: 27 KB
  • #35,306
  • Oct 1, 2007 11:58pm Oct 1, 2007 11:58pm
Quoting mktjong
Japanese's treasuries is currently quite strong if it stays till close, we may well see downward continuation.
By the way, this data has screwed me up several times too http://www.forexfactory.com/images/icons/icon10.gif
But it is just another reference to look at http://www.forexfactory.com/images/icons/icon12.gif

bro--it would be nice if u kept on updating us on the treasuries data--appreciate that info
  • #35,307
  • Oct 1, 2007 11:59pm Oct 1, 2007 11:59pm
Quoting 59fender
previous low was 235.20 we currently have a higher low 235.33

another interesting point
  • #35,308
  • Oct 2, 2007 12:02am Oct 2, 2007 12:02am
ok we have 1hr bullish engulfing candle
im just trying to spread the info here on people wanting to add postions or start going long---to me--neither is a good idea yet
we have what aus is saying that 1hr 5sma retrco due--which is possible and on the other hand we have all this other bullish signals--taking into consideration that we r still in a bullish trend

so everyone just be careful
more trades will always come
  • #35,309
  • Oct 2, 2007 12:04am Oct 2, 2007 12:04am
another thing to look out for is a close above the 15min/30min 50ema for further bullish confrimation

we have had a rejection at 50ema 1hr--no close below that

now ill shut up and leave the trading decision to u guys
  • #35,310
  • Oct 2, 2007 12:04am Oct 2, 2007 12:04am
New 4 hr momentum is strongly bullish on my MT4 even both c10 &14 are pointing upwards almost parallel cant be good for bears
  • #35,311
  • Oct 2, 2007 12:12am Oct 2, 2007 12:12am
Quoting auslanco
These are the clients added already.. I dont think I can add anymore.. maximum 99. If you havent add your funds by tommorrow I may have to delete your acccount in order to give others a chance.
HI auslanco,
as i am a newbie here i am not sure what you are talking about?
Do you manage funds?
If so how i can add my account, i am very interested

thanks
  • #35,312
  • Oct 2, 2007 12:12am Oct 2, 2007 12:12am
Taking a look at the chart now, if we get a close with the price of where it is standing, at 65-68, I think the retracement north may die a little short. This would mean that more downwards movement will be prominent. If not, then the fibonacci levels of retracement are still at hand. And if this is incorrect, then im just a big idiot. solid chance of that. Actually, this would just mean that we had a small retracement to the 235.30's area, which was mentioned before to get the momentum needed for a push further upwards.
I dream, therefore I become.
  • #35,313
  • Oct 2, 2007 12:15am Oct 2, 2007 12:15am
Quoting anti-pip
HI auslanco,
as i am a newbie here i am not sure what you are talking about?
Do you manage funds?
If so how i can add my account, i am very interested

thanks
NO... I dont manage funds.
  • #35,314
  • Oct 2, 2007 12:26am Oct 2, 2007 12:26am
Ok now,, since all the noise from the bulls have calmed down, I may talk


I closed 50% my positions at 235.41

Other 50% I have brought down my SL to 236.07 (my entry)



If the 4hr QQE5 cross down I will leave my positions down to 233.80 or I will let it hit my SL and take a long position.

As long as the price is below 236.07.. intra-day trend is bearish. No matter what Fibs , what pattern or what candle you follow,, thats a fact(my opinion).

If the 4hr QQE5 cross down and confirm This will go down to 233.50 area, No one can stop that. Not even 59fender.

However.. Possibility of a trend reversal is there. I'm not worried since I have already cashed in some profits. If the price goes above the daily pivot I will take a long position from there and ride it upto 238 level.

As it is.. I'm still short.
  • #35,315
  • Oct 2, 2007 12:31am Oct 2, 2007 12:31am
Quoting auslanco
Ok now,, since all the noise from the bulls have calmed down, I may talk


I closed 50% my positions at 235.41

Other 50% I have brought down my SL to 236.07 (my entry)



If the 4hr QQE5 cross down I will leave my positions down to 233.80 or I will let it hit my SL and take a long position.

As long as the price is below 235.07.. daily trend is bearish. No matter what Fibs , what pattern or what candle you follow,, thats a fact(my opinion).

If the 4hr QQE5 cross down and confirm This will go down to 233.50 area, No one can stop that. Not even 59fender.

However.. Possibility of a trend reversal is there. I'm not worried since I have already cashed in some profits. If the price goes above the daily pivot I will take a long position from there and ride it upto 238 level.

As it is.. I'm still short.
I agree once it breaks below 235.07 I would consider that bearish also
  • #35,316
  • Oct 2, 2007 12:33am Oct 2, 2007 12:33am
Quoting auslanco

As long as the price is below 235.07.. daily trend is bearish. No matter what Fibs , what pattern or what candle you follow,, thats a fact(my opinion).
Price isn't and hasn't been below 235.07 all night!


edit: ahh, I see you just corrected yourself.
check out my blog: forexmademillionaire dot com
  • #35,317
  • Oct 2, 2007 12:33am Oct 2, 2007 12:33am
Quoting 59fender
I agree once it breaks below 235.07 I would consider that bearish also
sorry. I was meant to say 236.07
  • #35,318
  • Oct 2, 2007 12:37am Oct 2, 2007 12:37am
Quoting auslanco
Ok now,, since all the noise from the bulls have calmed down, I may talk


I closed 50% my positions at 235.41

Other 50% I have brought down my SL to 236.07 (my entry)



If the 4hr QQE5 cross down I will leave my positions down to 233.80 or I will let it hit my SL and take a long position.

As long as the price is below 235.07.. daily trend is bearish. No matter what Fibs , what pattern or what candle you follow,, thats a fact(my opinion).

If the 4hr QQE5 cross down and confirm This will go down to 233.50 area, No one can stop that. Not even 59fender.

However.. Possibility of a trend reversal is there. I'm not worried since I have already cashed in some profits. If the price goes above the daily pivot I will take a long position from there and ride it upto 238 level.

As it is.. I'm still short.

bro as long as u have cashed some profits--its all good !
like ive said-- its still in undecided territory and i expect this to range till ldn sesh
and then i shall trade the nxt setup


newbs--the whole point for some of us in here explaining all this info to u guys is for u guys to start noticing diff setups as they present thenselves--incl when and where to to take profits and how to bank some profits while u let other postions ride--everyone will trade diff---make your own decisions ...its all a learning curve

aus-- ty for sharing your thoughts

ps-- ill be lookin to go long on g/u too--my bias has been bullish and im waitin for long confirmation
  • #35,319
  • Oct 2, 2007 12:39am Oct 2, 2007 12:39am
Quoting auslanco
sorry. I was meant to say 236.07
I knew what you meant I was just "havin fun" while I can till my account blows up! did someone bring the detonator caps
  • #35,320
  • Oct 2, 2007 12:40am Oct 2, 2007 12:40am
Aus bro, QQE5 on 4 hrs TF has crossed down on my charts but with strong bullish momentum should it range but frankfurt is about to open too
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