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

  • #36,561
  • Edited 6:53pm Oct 3, 2007 6:51pm | Edited 6:53pm
Quoting wired2199
This looks like a bearish pattern for 4hr TF candle pattern "shooting star" with a confirmation. Can someone confirm if this is correct.http://www.forexfactory.com/images/icons/icon5.gif

If I may answer this... yes it is bearish but IMHO , good for a short scalp as it has unfolded.

But I would support the view that there is still another move to the upside as I think there is still a missing 1 impulse wave up which is the wave 5 of C in EW Count. It is possible that we will still see a higher high than what we already got @ 237.83 or a bit lower if we get a truncated 5th wave.

I would like for 238.50 as my TP for this final leg up.

Quite a lot of systems would point to 238.50 area as potential end of this wave up.

EG
  • #36,562
  • Oct 3, 2007 6:53pm Oct 3, 2007 6:53pm
im out
  • #36,563
  • Oct 3, 2007 6:53pm Oct 3, 2007 6:53pm
Quoting Hakuna Matata
u in a trade bro?
got a very small lot position open @ 237.23 earlier today, targeting my daily 61.8 fibo 238.95
Trade what you see, not what you think.
  • #36,564
  • Oct 3, 2007 6:54pm Oct 3, 2007 6:54pm
Buy 237.20
1šTG 237.75
SL 236.70
  • #36,565
  • Oct 3, 2007 6:54pm Oct 3, 2007 6:54pm
Quoting moneymagnet
stuck in 2 long positions 237.15 and 237.40. still debating whether to hold or exit for small loss and re-enter later, but i know as soon as i close it will shoot
like i said as soon as i exit with the close under the ichimoku it shoots up.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #36,566
  • Oct 3, 2007 6:55pm Oct 3, 2007 6:55pm
Quoting Nicotina
Buy 237,20 1šTG 237.75 SL 236.70
based on? or is this another 'cowboy trade'
Trade what you see, not what you think.
  • #36,567
  • Oct 3, 2007 6:56pm Oct 3, 2007 6:56pm
Quoting moneymagnet
like i said as soon as i exit with the close under the ichimoku it shoots up.
when you think too much about a trade, it will get messed up

next time you take a trade, set SL and TP, turn off the PC and live life
Trade what you see, not what you think.
  • #36,568
  • Oct 3, 2007 6:56pm Oct 3, 2007 6:56pm
Quoting moneymagnet
can i be engaged
Only after a good peek up her (his - depending on your preference) skirt.http://www.forexfactory.com/images/icons/icon12.gif
  • #36,569
  • Oct 3, 2007 6:56pm Oct 3, 2007 6:56pm
Quoting Nicotina
Buy 237.20
1šTG 237.75
SL 236.70
Attached Image
  • #36,570
  • Oct 3, 2007 6:58pm Oct 3, 2007 6:58pm
Quoting karmostaji
based on? or is this another 'cowboy trade'
Dont brake the SMA100 15m and cross up the pivot line and the SMA5 Croos the SMA10 15m up
  • #36,571
  • Oct 3, 2007 7:00pm Oct 3, 2007 7:00pm
Good Evening

Thank you all for Merray Math Line info.
I also have couple of small lots (Long) at 237.47.
Success has a Thousand Fathers.
  • #36,572
  • Oct 3, 2007 7:00pm Oct 3, 2007 7:00pm
Quoting moneymagnet
uh oh let the barage begin. lol
I am NOT saying anything!

M2B
  • #36,573
  • Oct 3, 2007 7:03pm Oct 3, 2007 7:03pm
Quoting wired2199
This looks like a bearish pattern for 4hr TF candle pattern "shooting star" with a confirmation. Can someone confirm if this is correct.http://www.forexfactory.com/images/icons/icon5.gif
I have the same with Fozzy signal look as if it is going down (short)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY0.jpg Size: 219 KB
  • #36,574
  • Oct 3, 2007 7:03pm Oct 3, 2007 7:03pm
Yesterday I found out that Karmo is only 22 years old!! Hard to believe. You are a very wise person, Karm, for a youngster. Yes, we should not forget to "live life" apart from these computer screens. Good luck with your exams, and of course, with your trades!
  • #36,575
  • Oct 3, 2007 7:03pm Oct 3, 2007 7:03pm
Quoting karmostaji
based on? or is this another 'cowboy trade'

what trade are you in if dont mind telling me your SL and TP
  • #36,576
  • Oct 3, 2007 7:07pm Oct 3, 2007 7:07pm
Quoting let'erpip
Yesterday I found out that Karmo is only 22 years old!! Hard to believe. You are a very wise person, Karm, for a youngster. Yes, we should not forget to "live life" apart from these computer screens. Good luck with your exams, and of course, with your trades!
Hello Everyone,

Hmmmmmm I gues I am not the only young trader here either...

So far I see this pair going up... I am still waiting to see what this pair wants to do. But then again I am a noob. :
Life is a game, play it well, their is no restart!
  • #36,577
  • Oct 3, 2007 7:09pm Oct 3, 2007 7:09pm
up, UP, AND AWAY!!!!!.....according to my strategy
  • #36,578
  • Oct 3, 2007 7:10pm Oct 3, 2007 7:10pm
Quoting let'erpip
Yesterday I found out that Karmo is only 22 years old!! Hard to believe. You are a very wise person, Karm, for a youngster. Yes, we should not forget to "live life" apart from these computer screens. Good luck with your exams, and of course, with your trades!
Wow, I wish I started that young. But he has a very old spirt, which is good.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #36,579
  • Oct 3, 2007 7:10pm Oct 3, 2007 7:10pm
Quoting doughboi
up, UP, AND AWAY!!!!!.....according to my strategy
Right you are, my friend. Just as I said earlier, the trendline withheld and the price couldnt make a breach below it.
I dream, therefore I become.
  • #36,580
  • Oct 3, 2007 7:11pm Oct 3, 2007 7:11pm
Quoting let'erpip
Yesterday I found out that Karmo is only 22 years old!! Hard to believe. You are a very wise person, Karm, for a youngster. Yes, we should not forget to "live life" apart from these computer screens. Good luck with your exams, and of course, with your trades!
22...hmm, i can beat that, try 18
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