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

  • #39,901
  • Edited 10:00am Oct 15, 2007 9:48am | Edited 10:00am
Look, its Real... Go read about it all in http://www.babypips.com
Attached Image (click to enlarge)
Click to Enlarge Name: babypip2.PNG Size: 15 KB
  • #39,902
  • Oct 15, 2007 9:57am Oct 15, 2007 9:57am
Bulls will have a clear run after 241.5 but it will be difficult getting there. The wall is thick and they will need to retreat many times, however, they may also run out of steam and regroup at 231.5.
  • #39,903
  • Oct 15, 2007 9:59am Oct 15, 2007 9:59am
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.
Don't underestimate the power of the Forc . . . . oh wait . . I mean the power of major S/R levels.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #39,904
  • Oct 15, 2007 9:59am Oct 15, 2007 9:59am
my 1st target for this down movement is 239, and then we'll see
Trade what you see, not what you think.
  • #39,905
  • Oct 15, 2007 10:02am Oct 15, 2007 10:02am
Quoting karmostaji
my 1st target for this down movement is 239, and then we'll see
Green pips

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #39,906
  • Oct 15, 2007 10:04am Oct 15, 2007 10:04am
DOW -94
Trade what you see, not what you think.
  • #39,907
  • Oct 15, 2007 10:04am Oct 15, 2007 10:04am
Quoting Zoran
Bulls will have a clear run after 241.5 but it will be difficult getting there. The wall is thick and they will need to retreat many times, however, they may also run out of steam and regroup at 231.5.
Zoran,

Do you really think they'll have to go that far down? I'm thinking 235 to 235.50 will prove to be solid support and give bulls enough steam to go back up and move through 241.50.

M2B
  • #39,908
  • Oct 15, 2007 10:04am Oct 15, 2007 10:04am
4hr 5sma retrace done
  • #39,909
  • Oct 15, 2007 10:04am Oct 15, 2007 10:04am
Quoting jarroo
Green pips

Jim
I feel bad for the person who said shorts are going to lose, I hope he was prepared to lose on his longs.
Trade what you see, not what you think.
  • #39,910
  • Oct 15, 2007 10:06am Oct 15, 2007 10:06am
Quoting crashout
The return of the magic stick

and don't forget my green rockets. karmo has switched to the magic stick but i still gots the rockets

http://wow.mmodb.com/images/icons/IN..._Green.blp.jpg


Here you go Karmo:

http://g-ec2.images-amazon.com/image...QL._AA280_.jpg
  • #39,911
  • Oct 15, 2007 10:09am Oct 15, 2007 10:09am
Quoting karmostaji
my 1st target for this down movement is 239, and then we'll see
Karmo
with the speed its going , ur target will be reached in 5 mins
  • #39,912
  • Oct 15, 2007 10:09am Oct 15, 2007 10:09am
Quoting karmostaji
I feel bad for the person who said shorts are going to lose, I hope he was prepared to lose on his longs.
The learning curve can be a long one.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #39,913
  • Oct 15, 2007 10:10am Oct 15, 2007 10:10am
Auslanco FXManager trade closed... Now all our previous loss has been recovered & we have 1% profit to cheer with
  • #39,914
  • Oct 15, 2007 10:10am Oct 15, 2007 10:10am
Quoting imransait
Karmo
with the speed its going , ur target will be reached in 5 mins
Then, let's list the rest of the targets..

238.60
238.00
237.50
Trade what you see, not what you think.
  • #39,915
  • Oct 15, 2007 10:12am Oct 15, 2007 10:12am
Quoting mktjong
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
Nice prediction, isn't it? http://www.forexfactory.com/images/icons/icon10.gif
  • #39,916
  • Oct 15, 2007 10:12am Oct 15, 2007 10:12am
Based on Aus's 15 min strategy trade, to go short, we need to wait until the price reaches the 5 SMA. Correct?? Thanks in advance.
  • #39,917
  • Oct 15, 2007 10:15am Oct 15, 2007 10:15am
Here is the retracement.
It should retrace to fib 50% @ 239.95 to 61.8% @ 240.12
Do not follow my trades. Trade what you see on your own charts.
  • #39,918
  • Oct 15, 2007 10:19am Oct 15, 2007 10:19am
Quoting karmostaji
Then, let's list the rest of the targets..

238.60
238.00
237.50
Do these numbers stand for fibo levels or moving averages?
  • #39,919
  • Oct 15, 2007 10:20am Oct 15, 2007 10:20am
Quoting saed
Do these numbers stand for fibo levels or moving averages?
Fibos & TL's, but it's interesting how some of HK's MA's align properly with fibos n TL's
Trade what you see, not what you think.
  • #39,920
  • Oct 15, 2007 10:22am Oct 15, 2007 10:22am
Friday 10/19/2007 20th anniversary of Black Monday 1987.
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