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

  • #47,001
  • Nov 2, 2007 3:54am Nov 2, 2007 3:54am
Quoting karmostaji
Ok I have more good news, GJ is forming a bearish pattern also, so if GU GJ UJ all complete the bearish patterns and get triggered, you can guess the outcome.
Karmo

Can you post a chart of the bearish patterns, that you see.

Thanks
Mono
  • #47,002
  • Nov 2, 2007 3:55am Nov 2, 2007 3:55am
Quoting auslanco
with a daily momentum like today.. I wouldnt go short at this level..
agreed... this is a risky trade... half the usual lot size i play and as i say a tight sl around 239.50

i just trust my fib levels..

also 239.18 is a daily fib extension level i have...

the 4h momentum is above 100 in my chart but the way that it points north is my main concern.
  • #47,003
  • Nov 2, 2007 3:57am Nov 2, 2007 3:57am
I thought what yall said when the weekly mom is down the candle will close DOJI or Red
Quoting auslanco
what makes you think the weekly candle will be bear??
  • #47,004
  • Nov 2, 2007 3:57am Nov 2, 2007 3:57am
Please, any idea on how to trade the Non-farmpayroll...i'm thinkin of hedging the gu and gj like 10minute before the spike wit 20pip stop loss on each trade...Any comment please..i'm still a newbie trying to learn
  • #47,005
  • Nov 2, 2007 4:00am Nov 2, 2007 4:00am
Quoting karmostaji
Ok I have more good news, GJ is forming a bearish pattern also, so if GU GJ UJ all complete the bearish patterns and get triggered, you can guess the outcome.
hi karmo jan
i answerd ur pm.
check it bro.
  • #47,006
  • Nov 2, 2007 4:00am Nov 2, 2007 4:00am
Quoting Val144
Hi gene22
I'd like all u posts. They give to me a lot questions. Plese take a look a that one.
Val
Ok, a question first, how did you draw that elipse that you are showing the top at the 78 fibo level, I'm not proficent yet in this thing, that's why I'm asking. If you tell me the reasoning behind this, and it's solid than most likely scenario is that we see is a test of the 50 fibo or close to it, before climbing to that top, I'll have to see how the time factor will align but sounds probable from the initial glance. At any rate if it decides to get there, currently I'm not convinced that it MUST, even better the bigger the fall. I don't see it going up, period, beyond 244.07, or everything I'm reading on the charts is wrong. It is a possibility, there is no 100% certainty, but I'd say, at this point highly unlikely to see anything beyond that level for years,
Anyhow how did you draw that elipse?
  • #47,007
  • Nov 2, 2007 4:01am Nov 2, 2007 4:01am
Quoting ife
Please, any idea on how to trade the Non-farmpayroll...i'm thinkin of hedging the gu and gj like 10minute before the spike wit 20pip stop loss on each trade...Any comment please..i'm still a newbie trying to learn
Hi, I'm not an oldie but I think that's very risky unless you're "in the money". With such an important news, the range is more than 20 even for pairs like EURUSD and it will be even more for the pound.

I remembered when I first started on my demo and entered a trade (instant execution) without putting a SL and TP yet on my demo account and I was -80 in a few seconds and that was on EURUSD.
May the Pips be with You Let's Pimp some Pips!
  • #47,008
  • Nov 2, 2007 4:03am Nov 2, 2007 4:03am
Aus did you take the 15 min long trade bro ?
  • #47,009
  • Nov 2, 2007 4:06am Nov 2, 2007 4:06am
Hi Aus
Is it posible Gan on 4H to be a next target, just looking momentum on 4H?
Val
It’s just emotions & money
  • #47,010
  • Nov 2, 2007 4:07am Nov 2, 2007 4:07am
Like I said a close above R1, it will go another 50-100 , possible bounce off 4h gann + 61.8% fibo (239.92)
Trade what you see, not what you think.
  • #47,011
  • Nov 2, 2007 4:07am Nov 2, 2007 4:07am
Quoting turn1to100
I thought what yall said when the weekly mom is down the candle will close DOJI or Red
when the momentum (10C) is above the zero line and bearish It only means a 5sma retracemnt If the current price is above the 5sma Close.
Attached Image
  • #47,012
  • Nov 2, 2007 4:07am Nov 2, 2007 4:07am
Quoting shahroodi
hi karmo jan
i answerd ur pm.
check it bro.
Thanks bro
Trade what you see, not what you think.
  • #47,013
  • Nov 2, 2007 4:10am Nov 2, 2007 4:10am
Quoting mono
Karmo

Can you post a chart of the bearish patterns, that you see.

Thanks
I'll post em in the other GJ thread
Trade what you see, not what you think.
  • #47,014
  • Nov 2, 2007 4:13am Nov 2, 2007 4:13am
Hi Rookie, I'm not an expert, like Aus, it's his strategy, but I had looked at it extensively for the past several weeks and you argument holds water. Keep in mind though, we don't know if this is a correction or a short term top that we saw yesterday and a reversal, without looking at all of the indicators if we push through 240.21, then I'd be really concerned that this is just a pullback, your reasoning to go long on the current time frame is correct, but what would be your reasonable stop loss and what would be your target, knowing current levels, a good long would of been around 238, excellent RR, right now it is a shot in the dark. Just my opinion, hope this helps.
  • #47,015
  • Nov 2, 2007 4:16am Nov 2, 2007 4:16am
6 hours ago
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  • #47,016
  • Edited 4:31am Nov 2, 2007 4:17am | Edited 4:31am
now


15min strategy long signal @ 239.25.. this Momentum analysis could be wrong..
Attached Image
  • #47,017
  • Nov 2, 2007 4:22am Nov 2, 2007 4:22am
Quoting auslanco
now
hopefully 238 can be hit... and you will be right aus.
  • #47,018
  • Nov 2, 2007 4:24am Nov 2, 2007 4:24am
As long as 4h QQE is crossed downwards, I'll be adding shorts only. Aus once said 4h QQE is the trend we follow as intra-day traders.
Trade what you see, not what you think.
  • #47,019
  • Nov 2, 2007 4:25am Nov 2, 2007 4:25am
Quoting Bernanke_Sr
hopefully 238 can be hit... and you will be right aus.

Hopefully you can save your short trade
  • #47,020
  • Nov 2, 2007 4:27am Nov 2, 2007 4:27am
The dollar broke through, and now has another 25 pips to fall, ok, lets wait, don't see it going further north today.
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