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

  • #48,121
  • Nov 6, 2007 8:01am Nov 6, 2007 8:01am
Classic London Close Reversal (profit taking 10:30EST-11:10EST)
  • #48,122
  • Nov 6, 2007 8:01am Nov 6, 2007 8:01am
Quoting abawpips
wht ur TP..I put mine 237.5
my own TP is when I see signs of reversal but 200 pips is great
Trade what you see, not what you think.
  • #48,123
  • Nov 6, 2007 8:03am Nov 6, 2007 8:03am
Silver is already up 5% today. I said it would move up fast if it broke $15.

Comeon $20.

Yes, I know it has nothing to do with GJ. I just have lots of silver.
  • #48,124
  • Nov 6, 2007 8:04am Nov 6, 2007 8:04am
Quoting markam
Silver is already up 5% today. I said it would move up fast if it broke $15.

Comeon $20.

Yes, I know it has nothing to do with GJ. I just have lots of silver.

  • #48,125
  • Nov 6, 2007 8:04am Nov 6, 2007 8:04am
Karmo i think it is going to retrace a little bc 1c is pointing upwards and it has got support of 14c as well. just a thought bc learning from guys like u.
regards
Quoting karmostaji
my own TP is when I see signs of reversal but 200 pips is great
  • #48,126
  • Nov 6, 2007 8:10am Nov 6, 2007 8:10am
Quoting kenneith
Karmo i think it is going to retrace a little bc 1c is pointing upwards and it has got support of 14c as well. just a thought bc learning from guys like u.
regards
Also usd/jpy just bounced off the daily 38.2 fib which is acting as support
(second bounce in 24 hours) 1HR TF
  • #48,127
  • Nov 6, 2007 8:13am Nov 6, 2007 8:13am
Quoting AlphaGA
I notice that the 1H momentum is pointing up, may be a retracement to 5SMA.
Trade what you see, not what you think.
  • #48,128
  • Nov 6, 2007 8:19am Nov 6, 2007 8:19am
salam Karmo

can you give me your opinion with my chart ?

http://img144.imageshack.us/img144/7084/66777rr6.png
  • #48,129
  • Nov 6, 2007 8:22am Nov 6, 2007 8:22am
I like trading GBP/JPY... therefore I hate DJIA! It always messes the pair techniks. Whatever...
What I wanted to ask is: You guys think it is gonna test a fibo level. OK, but right now it is driven by Dow. So what gives you confidence about fibos in case like this(trading during american session)?
I also noticed when London opens it usually climbs up! Somebody noticed such thing?
Learn Hard, Not The "hard way" !
  • #48,130
  • Nov 6, 2007 8:22am Nov 6, 2007 8:22am
Quoting msniper
salam Karmo

can you give me your opinion with my chart ?

http://http://xs221.xs.to/xs221/07452/66777.png
? I don't see any charts bro
Trade what you see, not what you think.
  • #48,131
  • Nov 6, 2007 8:24am Nov 6, 2007 8:24am
Quoting 4x4life
I like trading GBP/JPY... therefore I hate DJIA! It always messes the pair techniks. Whatever...
What I wanted to ask is: You guys think it is gonna test a fibo level. OK, but right now it is driven by Dow. So what gives you confidence about fibos in case like this(trading during american session)?
I also noticed when London opens it usually climbs up! Somebody noticed such thing?
I don't look at DOW and trade GJ, I trade GJ by looking at the GJ chart, and it was signalling shorts earlier to me. So, I don't know how is DOW messing up the pair technically today? actually DOW is being nice n cute today.
Trade what you see, not what you think.
  • #48,132
  • Nov 6, 2007 8:27am Nov 6, 2007 8:27am
Quoting karmostaji
? I don't see any charts bro
i fixed the link can u see it now ?
  • #48,133
  • Nov 6, 2007 8:29am Nov 6, 2007 8:29am
Quoting msniper
i fixed the link can u see it now ?
Yep, Interesting stuff, I have no clue about wolf waves but let's see how it plays out.

I'll just K.I.S.S
Trade what you see, not what you think.
  • #48,134
  • Nov 6, 2007 8:31am Nov 6, 2007 8:31am
Quoting karmostaji
I trade GJ by looking at the GJ chart, and it was signalling shorts earlier to me. So, I don't know how is DOW messing up the pair technically today?
Karmo, can you tell me what signal was it. The problem is that I was expecting short looking at my chart, but I didn't enter cuz if Dow moves up - the pair will follow it! I feel no confident at all when NY opens. The case with coming news etc. is clear - I usually stay away for some time.
Learn Hard, Not The "hard way" !
  • #48,135
  • Nov 6, 2007 8:37am Nov 6, 2007 8:37am
Quoting 4x4life
Karmo, can you tell me what signal was it. The problem is that I was expecting short looking at my chart, but I didn't enter cuz if Dow moves up - the pair will follow it! I feel no confident at all when NY opens. The case with coming news etc. is clear - I usually stay away for some time.
I know what you mean about the DOW messing up some trades, but it's playing nice today.

Signals were, bearish pattern was formed on GJ 15m, 15m n 30m QQE crossed down, daily trendline was acting as resistance. here's a chart

http://img214.imageshack.us/img214/1112/gjtp7.gif
Trade what you see, not what you think.
  • #48,136
  • Nov 6, 2007 8:37am Nov 6, 2007 8:37am
what's stopping this to go down?
  • #48,137
  • Nov 6, 2007 8:38am Nov 6, 2007 8:38am
Quoting msniper
salam Karmo

can you give me your opinion with my chart ?

Strict Woofy Wave followers require the two trend lines of 1-3 and 2-4 to be converging or slanted towards each other so at some time in the future the two lines will meet.
  • #48,138
  • Nov 6, 2007 8:38am Nov 6, 2007 8:38am
Quoting karmostaji
Yep, Interesting stuff, I have no clue about wolf waves but let's see how it plays out.

I'll just K.I.S.S

thanks
  • #48,139
  • Nov 6, 2007 8:39am Nov 6, 2007 8:39am
Quoting Poocher
Strict Woofy Wave followers require the two trend lines of 1-3 and 2-4 to be converging or slanted towards each other so at some time in the future the two lines will meet.

ahaa thank you very much for the info ..
  • #48,140
  • Nov 6, 2007 8:45am Nov 6, 2007 8:45am
Quoting karmostaji
I know what you mean about the DOW messing up some trades, but it's playing nice today.

Signals were, bearish pattern was formed on GJ 15m, 15m n 30m QQE crossed down, daily trendline was acting as resistance. here's a chart
Thanks.
Learn Hard, Not The "hard way" !
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