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

  • #41,061
  • Oct 17, 2007 9:00am Oct 17, 2007 9:00am
I jumped in now...238.60 proved to be tough resistance... I'm expecting 237.40 first then if/once that breaks we'll be going to 236.20
  • #41,062
  • Oct 17, 2007 9:00am Oct 17, 2007 9:00am
GJ corrects itself from the last move down and now we should see new low. The DOW went up a little but it might plunge again, we will see. GJ might go to 235 this week.
Do not follow my trades. Trade what you see on your own charts.
  • #41,063
  • Oct 17, 2007 9:00am Oct 17, 2007 9:00am
Quoting karmostaji
Price did it's 50% retracement which it is addicted to and also daily 5sma retracement, I expect price to make a new low now, 235 is on the cards IMO.
If we can break that daily trendline (in M2B's chart) then I'm expecting 234.5 and 231.5 as my two targets. Third target is 221 if 231.5 does not hold.

That line is fairly strong as the 300 pip bounce off it shows - so it may not break.
  • #41,064
  • Oct 17, 2007 9:02am Oct 17, 2007 9:02am
US treasuries is pretty bearish but don't forget the Japanese's closed pretty bearish too last nite. If you wanna go short, it is safer to wait for confirmations ..just like am doing http://www.forexfactory.com/images/icons/icon10.gif
  • #41,065
  • Oct 17, 2007 9:02am Oct 17, 2007 9:02am
I had DP at 238.08, where have you guys got yours?
  • #41,066
  • Oct 17, 2007 9:03am Oct 17, 2007 9:03am
Karmo whats your SL and why did you choose it? Just part of learning thats why im asking. Thank you.
  • #41,067
  • Oct 17, 2007 9:04am Oct 17, 2007 9:04am
Dow failed to break 14k again and is now falling and G/J along with it
  • #41,068
  • Oct 17, 2007 9:07am Oct 17, 2007 9:07am
Quoting Lemonjam
Karmo whats your SL and why did you choose it? Just part of learning thats why im asking. Thank you.
20-30 pips above the high and I'll move it to breakeven once my trades goes about 50 pips my way, then it becomes a free trade
Trade what you see, not what you think.
  • #41,069
  • Oct 17, 2007 9:07am Oct 17, 2007 9:07am
i think if qqe5 1H cross back down below 50 line ..and qqe5 4h still below gann and also daily...we will see 1/4 h startegy for 300 pip.......any comment..????
  • #41,070
  • Oct 17, 2007 9:07am Oct 17, 2007 9:07am
Quoting Zoran
I suspect this is just a bounce off that daily trendline (and 4H 200ema). I would expect price to return and retest that line. It's not an easy one to break and it may not, therefore a continuation north could be expected (back to 247). However, I'm still favouring a break of that line, which should push price down fairly rapidly.

Intraday wise, price could still go to 239.00 (or just below) before this turns south again.
Thanks for your input, Bro. I'm watching from the sidelines right now.

M2B
  • #41,071
  • Oct 17, 2007 9:10am Oct 17, 2007 9:10am
Short from 238.59
Patience + Humility + Study = Success
  • #41,072
  • Oct 17, 2007 9:19am Oct 17, 2007 9:19am
Weeee, this feels like doing bungee jumping. LOL
  • #41,073
  • Oct 17, 2007 9:19am Oct 17, 2007 9:19am
Quoting DutchTrader
Short from 238.59
Who is your bro-ker? I didn't realise any allowed trades on past prices! That was 25 mins ago!
  • #41,074
  • Oct 17, 2007 9:19am Oct 17, 2007 9:19am
Quoting Zoran
Who is your broker? I didn't realise any allowed you to trade on past prices! That was 20 mins ago!
  • #41,075
  • Oct 17, 2007 9:20am Oct 17, 2007 9:20am
Quoting Zoran
Who is your broker? I didn't realise any allowed you to trade on past prices! That was 20 mins ago!
He was making sure that he is in profit before posting.....Cowboy LoL
  • #41,076
  • Oct 17, 2007 9:21am Oct 17, 2007 9:21am
Quoting karmostaji
20-30 pips above the high and I'll move it to breakeven once my trades goes about 50 pips my way, then it becomes a free trade
and how about your TP?
  • #41,077
  • Oct 17, 2007 9:24am Oct 17, 2007 9:24am
Took a short at 238.13 target 237.57 (50 ema on the 15 min)

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #41,078
  • Oct 17, 2007 9:26am Oct 17, 2007 9:26am
Quoting gau2902
and how about your TP?
1st TP 236.80
2nd TP 235.50
Trade what you see, not what you think.
  • #41,079
  • Oct 17, 2007 9:27am Oct 17, 2007 9:27am
Quoting Zoran
Who is your bro-ker? I didn't realise any allowed trades on past prices! That was 25 mins ago!
haha
  • #41,080
  • Oct 17, 2007 9:29am Oct 17, 2007 9:29am
Quoting Zoran
Who is your bro-ker? I didn't realise any allowed trades on past prices! That was 25 mins ago!
I just logged on actually
Patience + Humility + Study = Success
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