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

  • #39,881
  • Oct 15, 2007 8:27am Oct 15, 2007 8:27am
Quoting karmostaji
any update on treasuries?
They are quite strong, both US and European's. Japanese's closed quite strong too. Thus, we may likely see a pull back sometime today (may not be much ..I would say).. just wait for the indicators to catch that http://www.forexfactory.com/images/icons/icon10.gif
  • #39,882
  • Oct 15, 2007 8:30am Oct 15, 2007 8:30am
240.50 is holding nicely
Patience + Humility + Study = Success
  • #39,883
  • Oct 15, 2007 8:32am Oct 15, 2007 8:32am
babypips.com say... W mean down ......
Attached Image (click to enlarge)
Click to Enlarge Name: fibo...PNG Size: 16 KB
  • #39,884
  • Oct 15, 2007 8:48am Oct 15, 2007 8:48am
Quoting karmostaji
try 238.99
hala try short or long????????????
  • #39,885
  • Oct 15, 2007 8:52am Oct 15, 2007 8:52am
Quoting khaled22
hala try short or long????????????
you are killing me



read again the story and you'll understand
  • #39,886
  • Oct 15, 2007 8:53am Oct 15, 2007 8:53am
Quoting khaled22
hala try short or long????????????
Karmostaji says its possible price move down to there, but there is no guaranty. ......
  • #39,887
  • Oct 15, 2007 8:57am Oct 15, 2007 8:57am
All I am reading is short-short-short...but my charts are going up-up-up.
  • #39,888
  • Oct 15, 2007 8:58am Oct 15, 2007 8:58am
Lets welcome our newest member OSAMA
  • #39,889
  • Oct 15, 2007 9:01am Oct 15, 2007 9:01am
Quoting pipdiddy
All I am reading is short-short-short...but my charts are going up-up-up.
there is no strategy trade yet, so just chill and wait for the strategy trade to come..

until then we say 'short-long-short-short-long-long-sideways-long-short-long'
Trade what you see, not what you think.
  • #39,890
  • Oct 15, 2007 9:02am Oct 15, 2007 9:02am
Quoting Syafi
Lets welcome our newest member OSAMA
Thanks alot you are most WELCOME.
  • #39,891
  • Oct 15, 2007 9:05am Oct 15, 2007 9:05am
Quoting pipdiddy
All I am reading is short-short-short...but my charts are going up-up-up.
hehe............

Aus FXManager has another short open @240.48.......
  • #39,892
  • Oct 15, 2007 9:06am Oct 15, 2007 9:06am
Quoting karmostaji
Now let's have a double top here (as if it's going to listen to me)
  • #39,893
  • Oct 15, 2007 9:11am Oct 15, 2007 9:11am
Quoting karmostaji
there is no strategy trade yet, so just chill and wait for the strategy trade to come..

until then we say 'short-long-short-short-long-long-sideways-long-short-long'
I want to try coin flip strategy with GU .... Tp20 pip, SL10 pip. hmmmm Aus say it still can win because of good MM. head Buy, Tail Short.

http://shazam.econ.ubc.ca/flip/index.cgi?1
  • #39,894
  • Oct 15, 2007 9:12am Oct 15, 2007 9:12am
Quoting karmostaji
there is no strategy trade yet, so just chill and wait for the strategy trade to come..

until then we say 'short-long-short-short-long-long-sideways-long-short-long'
Hi Karm. I read in one of your previous posts that you use the BB method, at least for confirmation as I understood, so in such a raanging market would you take signals from it especially the 4hr chart where we have price looking ready to fall but doesn't yet?
  • #39,895
  • Oct 15, 2007 9:14am Oct 15, 2007 9:14am
Those people who are entering short right now need to be prepared for losses. I'm seeing a trendline break to the upside, support on the 61.8 fibonacci, and the 50,70,100 simple moving averages flowing beautifully upwards on the four hour chart. I went long on Sunday.
  • #39,896
  • Oct 15, 2007 9:19am Oct 15, 2007 9:19am
Quoting saed
Hi Karm. I read in one of your previous posts that you use the BB method, at least for confirmation as I understood, so in such a raanging market would you take signals from it especially the 4hr chart where we have price looking ready to fall but doesn't yet?
I have it plotted on my chart, but I don't really pay much attention to it. Whenever price is at the upper/lower BB, it doesn't necessary mean price will fall/rise, price could consolidate there and then shoot up later on. Study price action, it's the best.
Trade what you see, not what you think.
  • #39,897
  • Oct 15, 2007 9:19am Oct 15, 2007 9:19am
Quoting michael7
Those people who are entering short right now need to be prepared for losses. I'm seeing a trendline break to the upside, support on the 61.8 fibonacci, and the 50,70,100 simple moving averages flowing beautifully upwards on the four hour chart. I went long on Sunday.
Would love to see a chart
Trade what you see, not what you think.
  • #39,898
  • Oct 15, 2007 9:39am Oct 15, 2007 9:39am
I have posted more detailed charts on Aus's Weekly Predictions Thread (check his signature for link), but I thought I'd go ahead and post an updated 4H chart showing what I believe is on its way. This chart actually shows three occurrences of bearish divergence. The first two caused minimal bearish moves and the third hasn't actually completed its cycle, but neither or the first two divergences brought about the kind of down moves expected. Divergence can give headfakes and is therefore unreliable as an entry indicator. However, divergence is very accurate in telegraphing ahead of time what kind of move is imminent. Drawn-out divergence on the 4H chart should produce more than a mere 200 pip move which is what happened with the first divergence shown on this chart. I don't know how much further upward price will go for the moment, if any at all, but there is a big downward movement coming soon according to the divergence factor. There could still be pips available going long on intraday indicators but it would be foolish to not keep the divergence factor in the back of your mind. I'm only showing the 4H chart here, but there is divergence showing also on the 1H, the 30M and the 15M charts right now. If you're long, at least be aware of the divergence. Remember, divergence should never be used as an entry indicator. It only shows that reversals or retracements are in the works, but it does not give accurate entries. You must use other indicators to help you with your entries.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 32 KB
  • #39,899
  • Oct 15, 2007 9:42am Oct 15, 2007 9:42am
Quoting michael7
Those people who are entering short right now need to be prepared for losses. I'm seeing a trendline break to the upside, support on the 61.8 fibonacci, and the 50,70,100 simple moving averages flowing beautifully upwards on the four hour chart. I went long on Sunday.
I'm ready with my magic stick
Trade what you see, not what you think.
  • #39,900
  • Oct 15, 2007 9:45am Oct 15, 2007 9:45am
The return of the magic stick

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