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

  • #44,601
  • Oct 25, 2007 11:20am Oct 25, 2007 11:20am
The dow is choppy look at the ema and sma I have
Quoting turn1to100


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https://www.etrade.wallst.com/cgi-bi...cf09c6346d0b48
  • #44,602
  • Oct 25, 2007 11:26am Oct 25, 2007 11:26am
Quoting turn1to100
The dow is choppy look at the ema and sma I have
just wait for the DOW to close and the pair should act normal again, DOW messes up everything and it's pretty annoying.
Trade what you see, not what you think.
  • #44,603
  • Oct 25, 2007 11:26am Oct 25, 2007 11:26am
Quoting turn1to100
Simple Moving Average (13)
Simple Moving Average (13)
Exponential Moving Average (50)


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https://www.etrade.wallst.com/cgi-bi...cf09c6346d0b48
AHHHHHHAHAHAHAHAHAHHA!!!!!!
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  • #44,604
  • Oct 25, 2007 11:30am Oct 25, 2007 11:30am
It bounce at from the bottom of the channel @ 233.50

Might head up as high as 234.20 , If it breaks that, then we could see a higher number.
  • #44,605
  • Oct 25, 2007 11:30am Oct 25, 2007 11:30am
Quoting karmostaji
I have a bearish engulfing candle on my 4h chart (IBFX platform), so things might go downhill from here. I'm short from 233.66

Let's see where might we end up.
I'd be careful about that engulfing candle, bro. Engulfing candles are good reversal signals when they appear at the tops or bottoms of swings. This 4H one you pointed out is kind of in the middle. Just be careful.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 28 KB
  • #44,606
  • Oct 25, 2007 11:32am Oct 25, 2007 11:32am
Quoting turn1to100
The dow is choppy look at the ema and sma I have
Hmmmmm
Humble Lifetime Member
  • #44,607
  • Oct 25, 2007 11:34am Oct 25, 2007 11:34am
Quoting Mr. G.
same on hourly
Mr G., Yes that is an engulfing candle on the 1H but it is not a good signal to trade off of as a reversal because it is in the middle of 'traffic'. To be a good signal it needs to appear at the top or bottom of a run. Be careful.

M2B
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Click to Enlarge Name: gbpjpy 1h.gif Size: 31 KB
  • #44,608
  • Oct 25, 2007 11:34am Oct 25, 2007 11:34am
5am EST quote...now we SHOULD be ready to GO safe stop232.97 is still ok i am LONG from here back to my LIMIT again. Just less $$$per lot cause not 100percent safe until Dow close...
Quoting turn1to100
sorry i am LONG.234.69 is my limit . better LONGS are waiting down near 233.58 if you want to wait for potential fall before 9 which is slight chance to happen.. stops are at 232.97for me.......SELLS are not in play UNTIL 9am EST if gbp gets weak.
  • #44,609
  • Oct 25, 2007 11:36am Oct 25, 2007 11:36am
Quoting my2buoys
Mr G., Yes that is an engulfing candle on the 1H but it is not a good signal to trade off of as a reversal because it is in the middle of 'traffic'. To be a good signal it needs to appear at the top or bottom of a run. Be careful.

M2B
thanks, I'll keep it in mind
  • #44,610
  • Oct 25, 2007 11:39am Oct 25, 2007 11:39am
Quoting Breeze
Goodmorning people.....I was going to say the same thing about that wedge....anyway i'm still long @
233.80
234.23
234.00
233.60....target projection is now @ 238.11....I'm so mad tat the news affected my good trades....with so many years of experience.....I hate to do such stupid mistakes....when i know that when this pair falls it sinks like a rock....but all in all....I just have to have patience....

Breeze
Hi everyone I have closed all trades @ 235.00......but atrget projection is still @ 238.11.....

Now long again @ 233.60....my average directional index is recorvering to 51%....theres plenty room to the upside.

Profitable trading
Breeze
  • #44,611
  • Oct 25, 2007 11:41am Oct 25, 2007 11:41am
Quoting my2buoys
I'd be careful about that engulfing candle, bro. Engulfing candles are good reversal signals when they appear at the tops or bottoms of swings. This 4H one you pointed out is kind of in the middle. Just be careful.

M2B
You are correct, but I'm not trading just based on the engulfing, so I'll just let this position open until we get a new daily momentum.
Trade what you see, not what you think.
  • #44,612
  • Oct 25, 2007 11:42am Oct 25, 2007 11:42am
PS the daily MOM and 4hr MOM is up
Quoting turn1to100
5am EST quote...now we SHOULD be ready to GO safe stop232.97 is still ok i am LONG from here back to my LIMIT again. Just less $$$per lot cause not 100percent safe until Dow close...
  • #44,613
  • Oct 25, 2007 11:42am Oct 25, 2007 11:42am
Quoting Breeze
Hi everyone I have closed all trades @ 235.00......but atrget projection is still @ 238.11.....

Now long again @ 233.60....my average directional index is recorvering to 51%....theres plenty room to the upside.

Profitable trading
Breeze
I'm glad you ended up being profitable and happy Grandpa keep it up.
Trade what you see, not what you think.
  • #44,614
  • Oct 25, 2007 11:47am Oct 25, 2007 11:47am
233.58 for me good work Yes we should see Dow chop.with a good chance to close up.we need it to for this GBPJPY and USDJPY to LONG until LONDON
Quoting Breeze
Hi everyone I have closed all trades @ 235.00......but atrget projection is still @ 238.11.....

Now long again @ 233.60....my average directional index is recorvering to 51%....theres plenty room to the upside.

Profitable trading
Breeze
  • #44,615
  • Oct 25, 2007 11:53am Oct 25, 2007 11:53am
Quoting karmostaji
I'm glad you ended up being profitable and happy Grandpa keep it up.
Patience Patience Patience....I learnt that the hard way...it pays off at the end of the day.

Profitable trading
Breeze
  • #44,616
  • Oct 25, 2007 11:54am Oct 25, 2007 11:54am
take a QUICK look at AUS/USD at 2am..GOLD vaule up .. Thats why I said to buy AUD/JPY and GBPJPY from there also..---GOLD--gives the AUDUSD strength which holds our dollar andJPY down until todays TOKYO session. If the dow can close up forget what Gold's value is USDJPY will go up and GBPJPY will try to follow
Quoting turn1to100
233.58 for me good work Yes we should see Dow chop.with a good chance to close up.we need it to for this GBPJPY and USDJPY to LONG until LONDON
  • #44,617
  • Oct 25, 2007 11:59am Oct 25, 2007 11:59am
Quoting turn1to100
233.58 for me good work Yes we should see Dow chop.with a good chance to close up.we need it to for this GBPJPY and USDJPY to LONG until LONDON
I will also add longs @ 234.00.....my pivot is @ 234.19...strenght index above 40....lets see how it pans out later today....bulls are in CONTROL.

Breeze
  • #44,618
  • Oct 25, 2007 12:07pm Oct 25, 2007 12:07pm
234.40 is the main break if we can break before close AAWWWW man$$ and pips
Quoting Breeze
I will also add longs @ 234.00.....my pivot is @ 234.19...strenght index above 40....lets see how it pans out later today....bulls are in CONTROL.

Breeze
  • #44,619
  • Oct 25, 2007 12:08pm Oct 25, 2007 12:08pm
karmo v/s the gang

lol just playing boys
Trade what you see, not what you think.
  • #44,620
  • Oct 25, 2007 12:09pm Oct 25, 2007 12:09pm
I know I promissed myself to post less in here and just watch, but couldn't avoid this.....
why are you so sure it will be a long ? anyone concerned with price action ?? where does it say it's gonna be a long ? in my opinion it's sideways with the short side bias , but then again who am I to say this
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