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

  • #38,401
  • Oct 9, 2007 5:51pm Oct 9, 2007 5:51pm
Quoting Geppy
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.
I see a trend line break and a hanging man on the daily chart.. but I'm not speculating on what will happen :-)
  • #38,402
  • Oct 9, 2007 5:53pm Oct 9, 2007 5:53pm
Oh, and lets not forget the BOJ interest rate announcement tonight . . . I'm sure they'll be quite hawkish
check out my blog: forexmademillionaire dot com
  • #38,403
  • Oct 9, 2007 5:57pm Oct 9, 2007 5:57pm
BRC Retail Sales Monitor was higher than expected at 3%
  • #38,404
  • Oct 9, 2007 6:02pm Oct 9, 2007 6:02pm
Quoting Hakuna Matata
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

I've borrowed a magic hedge wand from a fellow trader named Mick Mason. It saves me all of the time.

Have a good day trading mate and see you all tomorrow! My bed is calling me.
  • #38,405
  • Oct 9, 2007 6:04pm Oct 9, 2007 6:04pm
Quoting Hakuna Matata
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
Agreed bro .. reloaded my long again @238.68 and go for 50 pips, still based on my 15 min strategy (should practice my patience now) http://www.forexfactory.com/images/icons/icon10.gif
  • #38,406
  • Oct 9, 2007 6:07pm Oct 9, 2007 6:07pm
Quoting mktjong
Agreed bro .. reloaded my long again @238.68 and go for 50 pips, still based on my 15 min strategy (should practice my patience now) http://www.forexfactory.com/images/icons/icon10.gif
Phew, thank god, I thought it was going up there for a minute.

Well, you know, the market will decide so have a good day trading and as I hear some say... May the pips be with you!

Off to bed now....... ZZZZzzzzzz.......
  • #38,407
  • Oct 9, 2007 6:07pm Oct 9, 2007 6:07pm
Quoting Zoran
I've borrowed a magic hedge wand from a fellow trader named Mick Mason. It saves me all of the time.

Have a good day trading mate and see you all tomorrow! My bed is calling me.
Sorry Zoran .. don't know about this guy. http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon12.gif
Have a good nite.
  • #38,408
  • Oct 9, 2007 6:08pm Oct 9, 2007 6:08pm
Quoting igmak
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.
Here is a screen shot of Head & Shoulders and Hanging man as patterns...
I do not want to speculate on anything but that 'swhat I see...

What dio you think guys?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SHS.jpg Size: 162 KB
Click to Enlarge Name: HM.jpg Size: 147 KB
Do not follow my trades. Trade what you see on your own charts.
  • #38,409
  • Oct 9, 2007 6:19pm Oct 9, 2007 6:19pm
Good morning....

Hmmm..looks like the pair wants to go up complete the wave C.
  • #38,410
  • Oct 9, 2007 6:23pm Oct 9, 2007 6:23pm
Quoting igmak
Here is a screen shot of Head & Shoulders and Hanging man as patterns...
I do not want to speculate on anything but that 'swhat I see...

What dio you think guys?
Great info bro.. Keep them coming
  • #38,411
  • Oct 9, 2007 6:31pm Oct 9, 2007 6:31pm
Quoting mktjong
Sorry Zoran .. don't know about this guy. http://www.forexfactory.com/images/icons/icon10.gif http://www.forexfactory.com/images/icons/icon12.gif
Have a good nite.
Just came down to get some water....

You don't know about this guy and his magic wand? With one wave, all is saved.... now this magic wand will hedge all of my shorts at 239.80 and it will keep everything safe until I reach my target or everyone forgets I went short. Get with it man, magic rules forex!
  • #38,412
  • Oct 9, 2007 6:33pm Oct 9, 2007 6:33pm
Quoting auslanco
Good morning....

Hmmm..looks like the pair wants to go up complete the wave C.
Morning.. I agree with you there.
  • #38,413
  • Oct 9, 2007 6:39pm Oct 9, 2007 6:39pm
Quoting peterM
Morning.. I agree with you there.
I'm glad you do bro..


P.S My Wave C= Crack
  • #38,414
  • Oct 9, 2007 6:40pm Oct 9, 2007 6:40pm
15min strategy: Look out for the 15min QQE1 .. Cross upwards will be a good long entry.
  • #38,415
  • Oct 9, 2007 6:42pm Oct 9, 2007 6:42pm
Does anyone think we will see a test of 239.75 this week? I think its certainly possible.
  • #38,416
  • Oct 9, 2007 6:45pm Oct 9, 2007 6:45pm
Quoting peterM
Does anyone think we will see a test of 239.75 this week? I think its certainly possible.
We could see 239.75 today..
  • #38,417
  • Oct 9, 2007 6:47pm Oct 9, 2007 6:47pm
yep.. I have no signals so I'm not trading at the moment, just looking at the charts.. the trend is up up up at the moment.
  • #38,418
  • Oct 9, 2007 6:56pm Oct 9, 2007 6:56pm
Quoting peterM
Does anyone think we will see a test of 239.75 this week? I think its certainly possible.
test and break . . . yes
check out my blog: forexmademillionaire dot com
  • #38,419
  • Oct 9, 2007 7:00pm Oct 9, 2007 7:00pm
aus-- are u in any position yet??
  • #38,420
  • Oct 9, 2007 7:03pm Oct 9, 2007 7:03pm
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?
Buddy, you need get a new hobby. I don't think I said that a 1 point movement in the dow was 1.875 points in the Nikkei or anything. When the US market has an up day, the asian market usually does also, and vice versa.

Wow, the Nikkei opened up 71 points up. Guess I got lucky when I said the asian markets would be up.
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