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

  • #38,381
  • Oct 9, 2007 2:54pm Oct 9, 2007 2:54pm
Quoting saed
thanks Mark you are always such a great help but how do you anticipate high values of asian stock markets in relaion to the dow high close? sorry if i address you with many questions related to the stock market but i'm trying to gather some understanding about the background of your posts.
The asian market almost always follows the lead of the US market.
  • #38,382
  • Oct 9, 2007 2:57pm Oct 9, 2007 2:57pm
Quoting aisyah
do u have position mktjong?
No, not at the moment.
I did have long trade open @ 238.53 but closed at @238.77. I set my tp at 50 pips, missed a few pips to reach it. If I would have set it at 40 or 45 pips should have been hit by the latest move upward.
Waiting to get in again, most likely long trade. Let's see
  • #38,383
  • Oct 9, 2007 2:59pm Oct 9, 2007 2:59pm
Quoting Zoran
I think his patience may have run out. jking mktjong
You're right. I did close it earlier. Pls see my earlier post http://www.forexfactory.com/images/icons/icon10.gif
  • #38,384
  • Oct 9, 2007 3:11pm Oct 9, 2007 3:11pm
Quoting mktjong
Can be very painful as well when is used at the wrong time :-)
Ofcourse, it has happened to me before and it hurted a lot lol
Trade what you see, not what you think.
  • #38,385
  • Oct 9, 2007 3:17pm Oct 9, 2007 3:17pm
Quoting markam
The asian market almost always follows the lead of the US market.

DJIA NIKKEI
DATE PRICE DATE PRICE
1/5/87 1937 1/5/87 18703
1/6/97 6544 1/6/97 19364
1/4/02 10177 1/4/02 10631
1/4/06 10844 1/4/06 16295
10/05/07 13969 10/5/07 17144

Do you see a correlation here?
  • #38,386
  • Oct 9, 2007 3:20pm Oct 9, 2007 3:20pm
Quoting Pickensrulz
DJIA NIKKEI
DATE PRICE DATE PRICE
1/5/87 1937 1/5/87 18703
1/6/97 6544 1/6/97 19364
1/4/02 10177 1/4/02 10631
1/4/06 10844 1/4/06 16295
10/05/07 13969 10/5/07 17144

Do you see a correlation here?
Why do you always try to pick on markam? Leave the guy alone and let him contribute his analysis peacefully.
Trade what you see, not what you think.
  • #38,387
  • Oct 9, 2007 3:20pm Oct 9, 2007 3:20pm
Seems to me that the retracement is over. I wouldn't be surprised to see us trading in the high 239s tonight. Fresh highs will clear the way for a target of 242.00 this week . . . yes this week! PipChick and I welcome any and all that care to join us
check out my blog: forexmademillionaire dot com
  • #38,388
  • Oct 9, 2007 3:23pm Oct 9, 2007 3:23pm
Quoting karmostaji
Why do you always try to pick on markam? Leave the guy alone and let him contribute his analysis peacefully.

I'm not picking on him. His posts are continually off base. It's not fair to newbies who actually are trying to learn something.
  • #38,389
  • Oct 9, 2007 3:30pm Oct 9, 2007 3:30pm
Quoting Pickensrulz
I'm not picking on him. His posts are continually off base. It's not fair to newbies who actually are trying to learn something.
I've been here long enough and I've seen lots of his analysis day by day, and his analysis of the stock market and it's correlation with GJ are spot on most of the time. So, can we please stop these childish acts of members trying to bash each other's analysis and whatnot. Thank you.
Trade what you see, not what you think.
  • #38,390
  • Oct 9, 2007 3:35pm Oct 9, 2007 3:35pm
Quoting karmostaji
I've been here long enough and I've seen lots of his analysis day by day, and his analysis of the stock market and it's correlation with GJ are spot on most of the time. So, can we please stop these childish acts of members trying to bash each other's analysis and whatnot. Thank you.

I respectfully second that.

I am not that great a trader but I take several here as mentors in their own way he is just one of them along with karm, auslo, and mosr than I want to type. (sorry if I missed you) Lets all just have Peace and pips?
  • #38,391
  • Oct 9, 2007 3:37pm Oct 9, 2007 3:37pm
Looks like yesterday support @238.50ish is acting as support again
  • #38,392
  • Oct 9, 2007 3:38pm Oct 9, 2007 3:38pm
Quoting karmostaji
I've been here long enough and I've seen lots of his analysis day by day, and his analysis of the stock market and it's correlation with GJ are spot on most of the time. So, can we please stop these childish acts of members trying to bash each other's analysis and whatnot. Thank you.
Ok man. Ignorance is bliss

Seriously I am only trying to help. It's very easy to look up these numbers. Maybe he should get out of his "comfort zone" and do a little work.

Good trades to all.
  • #38,393
  • Oct 9, 2007 3:39pm Oct 9, 2007 3:39pm
Quoting gkumar
It is not a pin bar. it is 'hanging man' - a probable sign of early loss of control by bulls.
Examples of pin bar and hanging man are attached.
Hanging Man

Pattern: reversal
Reliability: low/moderate

Identification
A small real body forms at the upper end of the trading range with a long lower shadow (the longer the more bearish) with no, or almost no upper shadow.

The Psychology
In an uptrend or within a bounce of a downtrend, a sharp intraday sell-off is followed by a reversal which causes the stock to close near its opening price near the day's high. Although the stock recovers from its intraday sell-off, it suggests the bulls are starting to lose strength, and a reversal may occur. The pattern is a slightly more reliable if the real body is black. A weak following day on solid volume is still needed to confirm the pattern.
Do not follow my trades. Trade what you see on your own charts.
  • #38,394
  • Oct 9, 2007 3:40pm Oct 9, 2007 3:40pm
Quoting kevinsw
I respectfully second that.

I am not that great a trader but I take several here as mentors in their own way he is just one of them along with karm, auslo, and mosr than I want to type. (sorry if I missed you) Lets all just have Peace and pips?
everybodys bored again, we need to do something else after NY closes, I think it would be fun to play online poker with the same group of guys in this thread, whatcha think?
  • #38,395
  • Oct 9, 2007 3:44pm Oct 9, 2007 3:44pm
Quoting mrroboto
everybodys bored again, we need to do something else after NY closes, I think it would be fun to play online poker with the same group of guys in this thread, whatcha think?
we could try scalping the 5 minute charts
  • #38,396
  • Oct 9, 2007 3:45pm Oct 9, 2007 3:45pm
Quoting mrroboto
everybodys bored again, we need to do something else after NY closes, I think it would be fun to play online poker with the same group of guys in this thread, whatcha think?
good suggestion
agreed
  • #38,397
  • Oct 9, 2007 3:45pm Oct 9, 2007 3:45pm
Quoting mrroboto
everybodys bored again, we need to do something else after NY closes, I think it would be fun to play online poker with the same group of guys in this thread, whatcha think?
I'd love to play . . . pokerstars is by far the best site. What stakes?
check out my blog: forexmademillionaire dot com
  • #38,398
  • Oct 9, 2007 3:49pm Oct 9, 2007 3:49pm
I hate to bust anyone's bubble on the daily "hanging man", but hanging mans occur at the top of a bull run as a reversal sign. If you looked at the chart, the last 3 days have been down days (a medium-term bear trend). To me, this "hanging man" is really a hammer and shows signs of the next leg up. This ofcourse is only my ignorant opinion.
check out my blog: forexmademillionaire dot com
  • #38,399
  • Oct 9, 2007 3:49pm Oct 9, 2007 3:49pm
morning guys
i hope many of u banked profits of your shorts today
so far it closed bnack over the 100 sma 1hr and iuts back on bullish bias for me
smae goes for g/u

im waiting for the nxt setup
  • #38,400
  • Oct 9, 2007 3:50pm Oct 9, 2007 3:50pm
now ya talking
Quoting Geppy
I'd love to play . . . pokerstars is by far the best site. What stakes?
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