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

  • #37,801
  • Oct 8, 2007 3:57pm Oct 8, 2007 3:57pm
Quoting Geppy
Couldn't agree more . . .
I changed my prediction price is going nonstop to 251.00 and we will all live happily ever after. THE END...
  • #37,802
  • Oct 8, 2007 4:03pm Oct 8, 2007 4:03pm
Quoting mrroboto
I changed my prediction price is going nonstop to 251.00 and we will all live happily ever after. THE END...
See that's your problem. I don't predict the markets, I just react to what circumstances it presents me with. I guess that's why I make money . . .
check out my blog: forexmademillionaire dot com
  • #37,803
  • Oct 8, 2007 4:06pm Oct 8, 2007 4:06pm
Quoting Geppy
See that's your problem. I don't predict the markets, I just react to what circumstances it presents me with. I guess that's why I make money . . .
  • #37,804
  • Oct 8, 2007 4:10pm Oct 8, 2007 4:10pm
Quoting karmostaji
I said it many times, but I'll repeat.. the daily bar is going to make the decision of bulls/bears.
it closed with a doji, who wins? lol
I guess it depends on this next candle no?
if it closes below 238 then its a possible reversal/retracement to 236 atleast right?
  • #37,805
  • Oct 8, 2007 4:11pm Oct 8, 2007 4:11pm
Quoting PipChick
I dont understand how people know what will happen at the open of London, Asia etc....Am I missing something cause I could never predict what will happen at the open of different sessions. I have seen people saying what will happen and at what time but...where do they get these predictions from?
Ahh, there you are. Can you see a potential H&S on the 15 min? You would be shorting it about now right?
  • #37,806
  • Oct 8, 2007 4:12pm Oct 8, 2007 4:12pm
retraced to the 4 hr sma. if it goes higher, I will hedge. I doubt it will go any higher, however.
  • #37,807
  • Oct 8, 2007 4:12pm Oct 8, 2007 4:12pm
I say the price will go up and down in any session, that's my prediction
  • #37,808
  • Oct 8, 2007 4:15pm Oct 8, 2007 4:15pm
Quoting markam
retraced to the 4 hr sma. if it goes higher, I will hedge. I doubt it will go any higher, however.
market must have been waiting for me to post this.
  • #37,809
  • Oct 8, 2007 4:18pm Oct 8, 2007 4:18pm
Quoting mktjong
I say the price will go up and down in any session, that's my prediction
have you considered going to comedy school?
  • #37,810
  • Edited 4:40pm Oct 8, 2007 4:20pm | Edited 4:40pm
This is what I see/saw

The small (purple) butterfly is what kept my shorts alive otherwise the lower ones would have been closed. So is this a H&S formation now? You can also see that trendline, which is the biggest threat to shorts for now. Then we need to break 238.5 - so there are still some barriers. I can also see a crown (a small H&S) just where the "H" lives but those reversal patterns on the smaller timeframes are all complete.
Attached Image (click to enlarge)
Click to Enlarge Name: guppy-trade3.gif Size: 13 KB
  • #37,811
  • Oct 8, 2007 4:29pm Oct 8, 2007 4:29pm
Quoting Zoran
This is what I see/saw

The small (purple) butterfly is what kept my shorts alive otherwise the lower ones would have been closed. So is this a H&S formation now? You can also see that trendline and it is the biggest threat to shorts for now. Then we need to break 238.5 - so there are still some barriers. I can also see a crown (a small H&S) just where the "H" lives but those reversal patterns on the smaller timeframes are all complete.
Just curious as to why you keep selling, especially when you have an uptrend channel drawn and you show prices bouncing off the lower support? Did you missclick your order?
check out my blog: forexmademillionaire dot com
  • #37,812
  • Oct 8, 2007 4:30pm Oct 8, 2007 4:30pm
Quoting Zoran
This is what I see/saw

The small (purple) butterfly is what kept my shorts alive otherwise the lower ones would have been closed. So is this a H&S formation now? You can also see that trendline and it is the biggest threat to shorts for now. Then we need to break 238.5 - so there are still some barriers. I can also see a crown (a small H&S) just where the "H" lives but those reversal patterns on the smaller timeframes are all complete.
This is the entry point 239.25ish I will be looking at later this evening after the price drops down again and retest that same level, if it breaks then shorts are off but if it bounces thats my confirmation that, it is truly a reversal. Awesome analysis Zoran.
  • #37,813
  • Oct 8, 2007 4:35pm Oct 8, 2007 4:35pm
Quoting Geppy
Just curious as to why you keep selling, especially when you have an uptrend channel drawn and you show prices bouncing off the lower support? Did you missclick your order?
If you have confidence in your trades do not question the analysis of people who go againts your trade. Just my two cents.
  • #37,814
  • Oct 8, 2007 4:37pm Oct 8, 2007 4:37pm
Quoting Zoran
This is what I see/saw

The small (purple) butterfly is what kept my shorts alive otherwise the lower ones would have been closed. So is this a H&S formation now? You can also see that trendline and, which is the biggest threat to shorts for now. Then we need to break 238.5 - so there are still some barriers. I can also see a crown (a small H&S) just where the "H" lives but those reversal patterns on the smaller timeframes are all complete.

Isn't this wedge valid?
Attached Image (click to enlarge)
Click to Enlarge Name: ainthisawedge.JPG Size: 68 KB
  • #37,815
  • Oct 8, 2007 4:38pm Oct 8, 2007 4:38pm
For the bears though, this wedge looks ripe and I still see resistance up to 244, with the next level being at 240.20.
Attached Image (click to enlarge)
Click to Enlarge Name: guppy-trade4.gif Size: 18 KB
  • #37,816
  • Oct 8, 2007 4:39pm Oct 8, 2007 4:39pm
Quoting mrroboto
If you have confidence in your trades do not question the analysis of people who go againts your trade. Just my two cents.
You are right, it's a zero sum game, I shouldn't be offering you a chance to be better at it. AWESOME analysis Zoran, those shorts are really workin for ya!
check out my blog: forexmademillionaire dot com
  • #37,817
  • Oct 8, 2007 4:40pm Oct 8, 2007 4:40pm
My previous short trade is barely survive, now the strategy is starting to give me a buy signal. Sell & Buy signal drives me nuts .. maybe I should go to the comedy school as suggested
I should not trade in US session. I broke my discipline .. anyway that's alright. This strategy has given me more winnings than losings so far.
  • #37,818
  • Oct 8, 2007 4:41pm Oct 8, 2007 4:41pm
Quoting mrroboto
If you have confidence in your trades do not question the analysis of people who go againts your trade. Just my two cents.
hey
duno??
this thread is for sharing our information with analyzes with each other to learn more not for trade call.
there is alot of newbies that read this thread and your trade call without any chart or reason with analyzes can blown thier accounts and they learn nothing.
then plz don't flood this thread.
  • #37,819
  • Oct 8, 2007 4:43pm Oct 8, 2007 4:43pm
Quoting Geppy
You are right, it's a zero sum game, I shouldn't be offering you a chance to be better at it. AWESOME analysis Zoran, those shorts are really workin for ya!
I have no positions open yet, I will let you know when its time to take your pips.
  • #37,820
  • Oct 8, 2007 4:44pm Oct 8, 2007 4:44pm
Quoting Geppy
Just curious as to why you keep selling, especially when you have an uptrend channel drawn and you show prices bouncing off the lower support? Did you missclick your order?
I don't keep selling. All shorts were placed last Friday and I am just waiting for them to mature. They are not intraday trades but short term (days to week(s))

Today I only traded a long (scalp) for +40 but otherwise I was doing other things (i.e. not trading).
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