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

  • #42,461
  • Oct 21, 2007 6:21pm Oct 21, 2007 6:21pm
Quoting PipChick
Why do you expect a pullback to the 235.40 area Aus?
It seems to be very strong down trend. Just wondering if you are seeing something I am not.
Also, do you expect it to break the lo (232.85) before the pullback occurs?

Momentum ..
week end gap
Oversold indicators
also Just broke a strong support.
  • #42,462
  • Oct 21, 2007 6:26pm Oct 21, 2007 6:26pm
Quoting auslanco
Momentum ..
week end gap
Oversold indicators
also Just broke a strong support.
Thanks for the reply. But I sometimes find that when this thing starts its down moves in the way that it is tonight, nothing seems to stop it. I have seen it sit in oversold territory for 1000 pips. Its weird. I think if tonights lo is broke we will see another 100 or more pip move down.
  • #42,463
  • Oct 21, 2007 6:35pm Oct 21, 2007 6:35pm
Quoting PipChick
Thanks for the reply. But I sometimes find that when this thing starts its down moves in the way that it is tonight, nothing seems to stop it. I have seen it sit in oversold territory for 1000 pips. Its weird. I think if tonights lo is broke we will see another 100 or more pip move down.
agreed, This will reach new Low's. No doubt. But I wouldnt go short from this level. Also, It depends on the interpretation of OS level. I use 30min QQE5 . It's currently on OS. If it cross upwards from the OS level.. a large retracement is due.
  • #42,464
  • Oct 21, 2007 6:36pm Oct 21, 2007 6:36pm
Aus,

This one's for you bro. Attached is a momentum indicator for MT4 that will let you specify 3 different periods on one indicator to save you some space. You can set the 14, 10, and 1 together and see them all at a glance.

Bruce
Attached File(s)
File Type: mq4 Momentum-Multi.mq4   3 KB | 591 downloads
  • #42,465
  • Oct 21, 2007 6:37pm Oct 21, 2007 6:37pm
Quoting auslanco
agreed, This will reach new Low's. No doubt. But I wouldnt go short from this level. Also, It depends on the interpretation of OS level. I use 30min QQE5 . It's currently on OS. If it cross upwards from the OS level.. a large retracement is due.
OK..ty!
  • #42,466
  • Oct 21, 2007 6:38pm Oct 21, 2007 6:38pm
mornin everyone

who is still holding longs??

if anyone cared to read the analysis would already be a couple of hundred pips richer--lol

seems like ive mssed the train from the top--ill assess the situation of reentry and will be bakc

1st tgt met at weekly 50ema as mentioned in analysis
nxt tgt was at monthly pivot at 232.75
3rd tgt was daily 38.2% fib 231.45

DONT be aiming for any long postions---it would be suicide !!
  • #42,467
  • Oct 21, 2007 6:40pm Oct 21, 2007 6:40pm
Aus, if you believe there is major correction to be made, why not long yet?
is it because waiting for confirmation ?
  • #42,468
  • Oct 21, 2007 6:41pm Oct 21, 2007 6:41pm
Quoting Syafi
Aus, if you believe there is major correction to be made, why not long yet?
is it because waiting for confirmation ?

lol--it would be suicide right now
  • #42,469
  • Oct 21, 2007 6:43pm Oct 21, 2007 6:43pm
Quoting Hakuna Matata
mornin everyone

who is still holding longs??

if anyone cared to read the analysis would already be a couple of hundred pips richer--lol

seems like ive mssed the train from the top--ill assess the situation of reentry and will be bakc

1st tgt met at weekly 50ema as mentioned in analysis
nxt tgt was at monthly pivot at 232.75
3rd tgt was daily 38.2% fib 231.45

DONT be aiming for any long postions---it would be suicide !!
Bro.. how come you dont trade your own analysis
  • #42,470
  • Oct 21, 2007 6:43pm Oct 21, 2007 6:43pm
aus-- ure long??

good luck mate
  • #42,471
  • Oct 21, 2007 6:43pm Oct 21, 2007 6:43pm
Quoting Syafi
Aus, if you believe there is major correction to be made, why not long yet?
is it because waiting for confirmation ?
This appears to be the typical beginning of an unwind.
  • #42,472
  • Oct 21, 2007 6:44pm Oct 21, 2007 6:44pm
Quoting Syafi
Aus, if you believe there is major correction to be made, why not long yet?
is it because waiting for confirmation ?
waiting for the 4hr momentum change at 1GMT
  • #42,473
  • Oct 21, 2007 6:45pm Oct 21, 2007 6:45pm
Quoting Hakuna Matata
mornin everyone

who is still holding longs??

if anyone cared to read the analysis would already be a couple of hundred pips richer--lol

seems like ive mssed the train from the top--ill assess the situation of reentry and will be bakc

1st tgt met at weekly 50ema as mentioned in analysis
nxt tgt was at monthly pivot at 232.75
3rd tgt was daily 38.2% fib 231.45

DONT be aiming for any long postions---it would be suicide !!


2nd tgt reached
  • #42,474
  • Oct 21, 2007 6:45pm Oct 21, 2007 6:45pm
Quoting PipChick
This appears to be the typical beginning of an unwind.

--all in the analysis
  • #42,475
  • Oct 21, 2007 6:46pm Oct 21, 2007 6:46pm
Quoting brucehvn
Aus,

This one's for you bro. Attached is a momentum indicator for MT4 that will let you specify 3 different periods on one indicator to save you some space. You can set the 14, 10, and 1 together and see them all at a glance.

Bruce
nice
I think I missed the post where mom 14, 10 and 1 are used together...
  • #42,476
  • Oct 21, 2007 6:46pm Oct 21, 2007 6:46pm
Quoting brucehvn
Aus,

This one's for you bro. Attached is a momentum indicator for MT4 that will let you specify 3 different periods on one indicator to save you some space. You can set the 14, 10, and 1 together and see them all at a glance.

Bruce

Thanks bro.. I will try this.
  • #42,477
  • Oct 21, 2007 6:47pm Oct 21, 2007 6:47pm
feel bad ive missed the satrt of this ride today--need to catch up
+90 so far in 10 min

this
  • #42,478
  • Oct 21, 2007 6:48pm Oct 21, 2007 6:48pm
If you follow the stock markets, you can see this downward pressure should be setting up for a really bad opening of the Nikkei. With the strenghtening of the yen since fridays close, the Nikkei almost has to open low.

I expect after the opening, both the market and GJ will go up.
  • #42,479
  • Oct 21, 2007 6:49pm Oct 21, 2007 6:49pm
TOKYO, Oct 22 (Reuters) - Orders for Japanese stocks placed through 13 foreign securities houses before the start of trade on Monday showed an intention to sell a net 14.7 million shares, market sources said.
  • #42,480
  • Oct 21, 2007 6:55pm Oct 21, 2007 6:55pm
Quoting markam
TOKYO, Oct 22 (Reuters) - Orders for Japanese stocks placed through 13 foreign securities houses before the start of trade on Monday showed an intention to sell a net 14.7 million shares, market sources said.

still nervous bro?

thanks for the fundies

ure dream will start coming true !!
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