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

  • #50,261
  • Nov 14, 2007 7:17pm Nov 14, 2007 7:17pm
Quoting DaddyWarbuck
i thought you were using a trailing stop?
I meant open a larger position. My long is still running.
  • #50,262
  • Nov 14, 2007 7:18pm Nov 14, 2007 7:18pm
Hope this get of use,my fibonacci's on 1 and 4 hour chart,
Looks like bounced from the orange 100.0 fibo ont the hourly,
I'm long for a 233.50
Attached Image (click to enlarge)
Click to Enlarge Name: example 302.gif Size: 30 KB
Boyy,trap money,like bear hunters.
  • #50,263
  • Nov 14, 2007 7:19pm Nov 14, 2007 7:19pm
Quoting markam
I meant open a larger position. My long is still running.
lol.... I wish I jumped in. Well we are at strong resistance so I'll wait and see if G/J holds at this level
  • #50,264
  • Nov 14, 2007 7:19pm Nov 14, 2007 7:19pm
Quoting Loadthepips
Hello Bruce:

I am new and still learning but am curious as to what the red rectangle on the chart means. Does it mean a reversal? Appreciate your help in clarifying.

GD
The red box just indicates the probable area for the reversal.
  • #50,265
  • Nov 14, 2007 7:19pm Nov 14, 2007 7:19pm
that chart looks kinda bearish
  • #50,266
  • Edited 7:34pm Nov 14, 2007 7:32pm | Edited 7:34pm
Quoting Merc
Hope this get of use,my fibonacci's on 1 and 4 hour chart,
Looks like bounced from the orange 100.0 fibo ont the hourly,
I'm long for a 233.50
delete
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,267
  • Nov 14, 2007 7:34pm Nov 14, 2007 7:34pm
Quoting moneymagnet
long?
That is right,worth a shot..we'll see,loong term bearish though
Boyy,trap money,like bear hunters.
  • #50,268
  • Nov 14, 2007 7:36pm Nov 14, 2007 7:36pm
Quoting Merc
That is right,worth a shot..we'll see,loong term bearish though
i thought u meant long from 233.50. my mistake
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,269
  • Nov 14, 2007 7:50pm Nov 14, 2007 7:50pm
caution,gj ready to collapse
Boyy,trap money,like bear hunters.
  • #50,270
  • Nov 14, 2007 7:51pm Nov 14, 2007 7:51pm
looking like a 4hr 5sma retace to me but we will see. i picked up 55 on the pound but i think i will watch for now
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,271
  • Nov 14, 2007 7:57pm Nov 14, 2007 7:57pm
Quoting Merc
caution,gj ready to collapse
I think you might be right
  • #50,272
  • Nov 14, 2007 8:03pm Nov 14, 2007 8:03pm
Quoting peterM
I think you might be right
WHY????
  • #50,273
  • Nov 14, 2007 8:03pm Nov 14, 2007 8:03pm
Quoting Merc
caution,gj ready to collapse
can you explain your reasoning a little?
  • #50,274
  • Nov 14, 2007 8:04pm Nov 14, 2007 8:04pm
head and shoulders pattern on the weekly
  • #50,275
  • Nov 14, 2007 8:07pm Nov 14, 2007 8:07pm
Quoting Merc
caution,gj ready to collapse
You just said you were long off of a bounce off of your 100% fib. Are you still long short term but short long term?
  • #50,276
  • Nov 14, 2007 8:09pm Nov 14, 2007 8:09pm
I think it's gonna touch the mint green trendline I drew,right at the red arrow.226.30 maybe,but I always follow the market so I could be going long a couple min from now but as long as it goes in my favor I'll be short,don't take me serious please

reason for edit:I see the red arrow don't show but it's around the 236.2,the mint green line
Attached Image (click to enlarge)
Click to Enlarge Name: example 303.gif Size: 31 KB
Boyy,trap money,like bear hunters.
  • #50,277
  • Nov 14, 2007 8:19pm Nov 14, 2007 8:19pm
Quoting rodders
You just said you were long off of a bounce off of your 100% fib. Are you still long short term but short long term?
Position already closed as it did not go my way,
stop at profit plus 10 pips or so
Boyy,trap money,like bear hunters.
  • #50,278
  • Nov 14, 2007 8:26pm Nov 14, 2007 8:26pm
Is this a possible 15min. short strategy coming up here? 1hr. crossed down and below 100sma and the daily pivot. 4hr. below GANN. This could be good!
  • #50,279
  • Nov 14, 2007 8:28pm Nov 14, 2007 8:28pm
Quoting rodders
Is this a possible 15min. short strategy coming up here? 1hr. crossed down and below 100sma and the daily pivot. 4hr. below GANN. This could be good!
yes and i am watching it. 4hr 1C and 10C bearish
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #50,280
  • Nov 14, 2007 8:30pm Nov 14, 2007 8:30pm
Quoting moneymagnet
yes and i am watching it. 4hr 1C and 10C bearish

I can see that too, any idea why i don't have a red arrow pointing down yet?
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