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

  • #38,281
  • Oct 9, 2007 10:14am Oct 9, 2007 10:14am
30pips closed
  • #38,282
  • Oct 9, 2007 10:14am Oct 9, 2007 10:14am
Quoting karmostaji
Possible retracement to 50% of this last downward movement, which is 238.32
When fibs and 5 sma(s) match up is powerful stuff. Would you agree,Karmo ?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #38,283
  • Oct 9, 2007 10:16am Oct 9, 2007 10:16am
Quoting jarroo
When fibs and 5 sma(s) match up is powerful stuff. Would you agree,Karmo ?

Jim
yep, I have so many things there at 50%, let me list them.

4H Trendline
4H 5SMA
1H 50EMA
30m 50EMA
15m 200SMA

so it should provide some resistance.
Trade what you see, not what you think.
  • #38,284
  • Oct 9, 2007 10:17am Oct 9, 2007 10:17am
Quoting persian.forex
30pips closed
why did you want to post that???
  • #38,285
  • Oct 9, 2007 10:18am Oct 9, 2007 10:18am
Aus Master, May I ask a question on 4h/1h?

Please see the attached. I know that you estimated a retrace back to 237.80~90 or so, then down trend will pick-up again at Tokyo open approximately.

But my question is: is it now the 4h/1h formation destroyed due to current retrace so that there is no longer a good entry signal?
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  • #38,286
  • Oct 9, 2007 10:21am Oct 9, 2007 10:21am
Dear Aus,

Do you have a limit order to short ready at 238.20 (4 H 5 sma) or you are just watching price action??

TIA

Pepe
  • #38,287
  • Oct 9, 2007 10:23am Oct 9, 2007 10:23am
hope someone can help me on this, I understand the basics of which direction the pair "could" go depending on where the candle close "above,below" daily pivot, but which tf do you guys usually base your candle formation on and is it pretty accurate? Also whats the current pivot? thank you.
  • #38,288
  • Oct 9, 2007 10:24am Oct 9, 2007 10:24am
Quoting charvo
Aus Master, May I ask a question on 4h/1h?

Please see the attached. I know that you estimated a retrace back to 237.80~90 or so, then down trend will pick-up again at Tokyo open approximately.

But my question is: is it now the 4h/1h formation destroyed due to current retrace so that there is no longer a good entry signal?
wait for a new 15min strategy trade setup.. indicators are slowley turning up..the price may hang around Daily 5sma , since the Daily Momentum was bullish all day.. I'm hoping for more cleaner move down tomorrow with a new daily bar below the 5sma .
  • #38,289
  • Oct 9, 2007 10:25am Oct 9, 2007 10:25am
Quoting karmostaji
yep, I have so many things there at 50%, let me list them.

4H Trendline
4H 5SMA
1H 50EMA
30m 50EMA
15m 200SMA

so it should provide some resistance.
you missed 1 HR TFT line
  • #38,290
  • Oct 9, 2007 10:27am Oct 9, 2007 10:27am
Quoting privatefr
Dear Aus,

Do you have a limit order to short ready at 238.20 (4 H 5 sma) or you are just watching price action??

TIA

Pepe
I was thinking about that.. But I will wait until tomorrow Tokyo for a new setup. I dont like todays daily bar to put my faith on a limit order. there could be higher bullish spikes before 1700EST (Daily bar close) since the daily Mom is Bullish. I will re-enter at Tokyo start.
  • #38,291
  • Oct 9, 2007 10:29am Oct 9, 2007 10:29am
oK guys.. I will see you at Tokyo.. Safe trading to all
  • #38,292
  • Oct 9, 2007 10:31am Oct 9, 2007 10:31am
I think that another possibility is not more retracement than actual price...

Pepe
  • #38,293
  • Oct 9, 2007 10:33am Oct 9, 2007 10:33am
Thanks for your input today. See you tomo bro..
  • #38,294
  • Oct 9, 2007 10:35am Oct 9, 2007 10:35am
dear all...just jump into thread...i wish to ask..are we going to wait till tf4 hr sma 5 then we go for re-entry?thanks in advance
  • #38,295
  • Oct 9, 2007 10:40am Oct 9, 2007 10:40am
It kind of bounced off the 1h 100sma and if this hour closes as it is (a doji) the down move could continue in the next hour
  • #38,296
  • Oct 9, 2007 10:49am Oct 9, 2007 10:49am
Hello all, don't forget I had a hedge/net short order in for 238.50 Go back and find the post if you don't believe me. Too funny
check out my blog: forexmademillionaire dot com
  • #38,297
  • Oct 9, 2007 10:51am Oct 9, 2007 10:51am
Quoting RoWkIlLa
It kind of bounced off the 1h 100sma and if this hour closes as it is (a doji) the down move could continue in the next hour
I think it will continue longer than the next hour my friend.
I dream, therefore I become.
  • #38,298
  • Oct 9, 2007 10:56am Oct 9, 2007 10:56am
Quoting Geppy
Hello all, don't forget I had a hedge/net short order in for 238.50 Go back and find the post if you don't believe me. Too funny
Who cares? we dont care what you did do or not do. This is not your blog, give us something to analyze, not psychoanalyze...
  • #38,299
  • Oct 9, 2007 10:58am Oct 9, 2007 10:58am
Quoting mike w
I think it will continue longer than the next hour my friend.
lol yes I didn't mean it would only continue in the next hour, simply that this retracement was possibly over
I believe it will hit 235.50-236 atleast
  • #38,300
  • Oct 9, 2007 11:01am Oct 9, 2007 11:01am
Quoting mrroboto
Who cares? we dont care what you did do or not do. This is not your blog, give us something to analyze, not psychoanalyze...
LOL, are you the forum police now? This is a public forum (not a blog by the way) so get a clue little man. I have given plenty of analysis on this forum yet I have seen none from you.
check out my blog: forexmademillionaire dot com
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