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

  • #37,761
  • Oct 8, 2007 9:40am Oct 8, 2007 9:40am
I am unsure as to whether we will see another long signal before the end of the day today, other than little retracement. Hoping to see the day close at around the level it is at now or lower.
I dream, therefore I become.
  • #37,762
  • Oct 8, 2007 9:42am Oct 8, 2007 9:42am
Quoting Geppy
Just closed shorts I had opened this morning from 239.51 . . . I'll be looking for a nice place to get long again soon.
I'm still playing around with this new MT4 account I have. I assume I can hold trades in both directions so I might see if I can get a long scalp around 238.50 for about 50 pips.
  • #37,763
  • Oct 8, 2007 9:43am Oct 8, 2007 9:43am
Quoting karmostaji
I'll be watching the daily bar closely, possible reversal sign, just a thought.
Reminder!
Trade what you see, not what you think.
  • #37,764
  • Oct 8, 2007 9:45am Oct 8, 2007 9:45am
Quoting karmostaji
Reminder!
Thank you my friend, I am going to be watching this daily close very closely. This could be the beginning of at least a 100 pip drop not entirely sure if it could fuel a larger scale fall or not however.
I dream, therefore I become.
  • #37,765
  • Oct 8, 2007 9:46am Oct 8, 2007 9:46am
Quoting Geppy
Just closed shorts I had opened this morning from 239.51 . . . I'll be looking for a nice place to get long again soon.
Nice trade Geppy. I did the same, shorted earlier and recently closed. Call was not made here live so I won't bother saying where and why trade was taken, but I'm interested in your levels for getting long.

1hr 50ema lies at 238.42
4hr 5sma is 239.06, 50ema is 236.49
Daily 5sma is 237.60 and 50ema is 235.37.
  • #37,766
  • Oct 8, 2007 9:47am Oct 8, 2007 9:47am
Quoting mike w
Thank you my friend, I am going to be watching this daily close very closely. This could be the beginning of at least a 100 pip drop not entirely sure if it could fuel a larger scale fall or not however.
It could be the beginning of the daily retracement which should take us atleast to the 234-235 area.
Trade what you see, not what you think.
  • #37,767
  • Oct 8, 2007 9:47am Oct 8, 2007 9:47am
Quoting karmostaji
Another thing to watch for is the 4H Gann hilo
I am already in @238.82, SL 60 pips, TP 50 pips. Let's see how it plays out
Quite exciting we can share our trade very transparantly http://www.forexfactory.com/images/icons/icon10.gif
  • #37,768
  • Oct 8, 2007 9:54am Oct 8, 2007 9:54am
Quoting wog
can anyone help me with the ny pivot level?
238.80
  • #37,769
  • Oct 8, 2007 9:54am Oct 8, 2007 9:54am
Well my MA (50) in combination with my other indicators crossed. This usually shows that there is a reversal for the next day or two as long as my 15min crosses and if that doesn't cross then this could be temporary

I still went short when it crossed over at 239.30
  • #37,770
  • Oct 8, 2007 9:54am Oct 8, 2007 9:54am
Quoting Zoran
I'm still playing around with this new MT4 account I have. I assume I can hold trades in both directions so I might see if I can get a long scalp around 238.50 for about 50 pips.
Wow, I can hold trades in both directions. Look, buy and sells on the same chart. That's new (to me)!

Anyway, that scalp worked out nicely. About 40 pips in the bag.
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  • #37,771
  • Oct 8, 2007 9:56am Oct 8, 2007 9:56am
Quoting Geppy
Just closed shorts I had opened this morning from 239.51 . . . I'll be looking for a nice place to get long again soon.
I did a couple buys in the low 238.70 area . . . lets do this!
check out my blog: forexmademillionaire dot com
  • #37,772
  • Oct 8, 2007 10:35am Oct 8, 2007 10:35am
Quoting karmostaji
It could be the beginning of the daily retracement which should take us atleast to the 234-235 area.
salam Karm. After how many southern pips do you think the fibo analysis you posted will be valid? i mean the downward retracement
  • #37,773
  • Oct 8, 2007 10:37am Oct 8, 2007 10:37am
Quoting erdogac
Sold GJ at 239.00 and expect a downside at least 238.08..Similar situation for EJ as well.
Sold EJ at 165.41 and TP at 164.95 but still waiting 238.08 for GJ..We will see.
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  • #37,774
  • Oct 8, 2007 10:38am Oct 8, 2007 10:38am
The 4 hour QQE is threatening to turn bearish again. If it does and it closes that way, we could have all the QQE's pointing the same direction for the first time in a week.
  • #37,775
  • Oct 8, 2007 10:40am Oct 8, 2007 10:40am
If we can break 238.5 then there is a good chance all of my short entries will be in positive territory soon, however, I think the trading day is over seeing the US is on holiday.
  • #37,776
  • Oct 8, 2007 10:42am Oct 8, 2007 10:42am
Quoting Pips_Cruiser
The 4 hour QQE is threatening to turn bearish again. If it does and it closes that way, we could have all the QQE's pointing the same direction for the first time in a week.
we need the 4H candle to close below the Gann hilo, it's been acting as a very strong support!

Quoting Zoran
If we can break 235.5 then there is a good chance all of my short entries will be in positive territory, however, I think the trading day is over seeing the US is on holiday.
You mean 238.50
Trade what you see, not what you think.
  • #37,777
  • Oct 8, 2007 10:44am Oct 8, 2007 10:44am
Quoting saed
salam Karm. After how many southern pips do you think the fibo analysis you posted will be valid? i mean the downward retracement
Salam saed,

hmm, I don't know if I understood your question properly but if you mean the daily retracement, then we'll have to wait and see how does the daily candle close, I'm expecting a possible reversal sign.
Trade what you see, not what you think.
  • #37,778
  • Oct 8, 2007 10:44am Oct 8, 2007 10:44am
Quoting karmostaji
we need the 4H candle to close below the Gann hilo, it's been acting as a very strong support!


You mean 238.50
That's what I said! Stop changing things around
  • #37,779
  • Oct 8, 2007 11:04am Oct 8, 2007 11:04am
[quote=karmostaji;1633307]we need the 4H candle to close below the Gann hilo, it's been acting as a very strong support!

kam have a look GU ...QQE5 1 H already crossed below 50 line ..price below tft/gan hilo at tf 4 H and almost cross 50 line .. can we say here that this is the 1h/4h strategy for 200 pip..what u say?
  • #37,780
  • Oct 8, 2007 11:09am Oct 8, 2007 11:09am
Quoting erdogac
Sold EJ at 165.41 and TP at 164.95 but still waiting 238.08 for GJ..We will see.
Great looking chart. Good luck with GJ!

Ron
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