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

  • #52,621
  • Nov 30, 2007 1:27am Nov 30, 2007 1:27am
Quoting karmostaji
a 30m or 1h candle close above 227.70 and we'll break to the upside until then this tight ranging.
where is the break....i mean what does the 227.7 level signify....a simple close above this and we're long all the sudden??
The odds are on my side; let's hope they stay that way!!!
  • #52,622
  • Nov 30, 2007 1:33am Nov 30, 2007 1:33am
Quoting auslanco
Bro.. maybe you should call your cousin and ask him to buy some more US subprime debts.
LOL they should give me just 1 mil of the billions they're investing, a lot of Oil money that they don't know what to do with it..
Trade what you see, not what you think.
  • #52,623
  • Nov 30, 2007 1:45am Nov 30, 2007 1:45am
Quoting quecee5
Yes, very possible. . .
I don't see it going down any more than that though.
Right now it seems to lack the momentum to get back above 228 area.
If it goes down it should happen within the next couple hours and then bounce hard from there. .

We shall see how this plays out. . .
Looks like GJ has completed all the fib levels 4 the rise 2 230 & higher.I am posting the daily momentum charts of GU & UJ .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr gj fib.gif Size: 17 KB
Click to Enlarge Name: daily gu mom.gif Size: 11 KB
Click to Enlarge Name: daily uj mom.gif Size: 10 KB
  • #52,624
  • Nov 30, 2007 1:48am Nov 30, 2007 1:48am
we have about 10 minutes to the EUR CPI news....lets see green to get some momentum up!!
The odds are on my side; let's hope they stay that way!!!
  • #52,625
  • Nov 30, 2007 1:48am Nov 30, 2007 1:48am
Quoting auslanco
good idea mate. The market is usually dead or very unpredictable from the 3rd week of December to around 10th of January.
Thanks Bro
  • #52,626
  • Nov 30, 2007 1:49am Nov 30, 2007 1:49am
Is GJ going to hit 229 today? Or should i sell down to 226,5?
  • #52,627
  • Nov 30, 2007 1:52am Nov 30, 2007 1:52am
Quoting echnat0n
Is GJ going to hit 229 today? Or should i sell down to 226,5?
do whateva your charts r tellin u
  • #52,628
  • Nov 30, 2007 2:00am Nov 30, 2007 2:00am
Quoting echnat0n
Is GJ going to hit 229 today? Or should i sell down to 226,5?
Have u done ur analysis? If yes, what does it say? Do u use SL? Do u have an effective MM in place? The Beginners Forum has really good stuff for newbies. U also might wanna try babypips.com
  • #52,629
  • Nov 30, 2007 2:04am Nov 30, 2007 2:04am
Quoting echnat0n
Is GJ going to hit 229 today? Or should i sell down to 226,5?
Also, read the thread,

Karmo's and other 1kt people post great analysis which should give you a base of which direction to head to:

Quote Karmo:
a 30m or 1h candle close above 227.70 and we'll break to the upside until then this tight ranging.

So you now can learn from this experience.

  • #52,630
  • Nov 30, 2007 2:07am Nov 30, 2007 2:07am
Price bouncing off London session's R1 @ 228.50
Trade what you see, not what you think.
  • #52,631
  • Nov 30, 2007 2:10am Nov 30, 2007 2:10am
This is the end of the month closing so be prepared for a roller coaster ride. . .
Trade careful and good luck to all today!
  • #52,632
  • Nov 30, 2007 2:15am Nov 30, 2007 2:15am
karmo...your patience pills are paying off..i think we mite see 230
  • #52,633
  • Nov 30, 2007 2:24am Nov 30, 2007 2:24am
damn that last 45 min woulda been fun to ride....

ill hop in on a pullback i guess (if it ever does...pleeeeeaseee)

230 seems to be next test??
The odds are on my side; let's hope they stay that way!!!
  • #52,634
  • Nov 30, 2007 2:30am Nov 30, 2007 2:30am
Closed @ 229.25

Have a nice weekend friends
  • #52,635
  • Nov 30, 2007 2:33am Nov 30, 2007 2:33am
Quoting Srikanth
Closed @ 229.25

Have a nice weekend friends
The Party has just begun
  • #52,636
  • Nov 30, 2007 2:34am Nov 30, 2007 2:34am
Quoting auslanco
good idea mate. The market is usually dead or very unpredictable from the 3rd week of December to around 10th of January.
Thanks man great call your signal was great.

Cheers Mark
  • #52,637
  • Nov 30, 2007 2:36am Nov 30, 2007 2:36am
I see RSI and Momentum in 1H TF with not enough strength like 2 days ago. Although it's riding now but both of these indicators are showing bearish divergences right now and I think 231 or higher is not possible to reach, at least today. In fact I presume a major downtrend today afternoon.

I missed this last movement but I'll catch the next whatever it is.
Discipline + Patience - Fear - Greed = Success
  • #52,638
  • Nov 30, 2007 2:37am Nov 30, 2007 2:37am
Quoting arezab
I see RSI and Momentum in 1H TF with not enough strength like 2 days ago. Although it's riding now but both of these indicators are showing bearish divergences right now and I think 231 or higher is not possible to reach, at least today. In fact I presume a major downtrend today afternoon.

I missed this last movement but I'll catch the next whatever it is.
could the bearish divergences just be part of the pullbacks??
The odds are on my side; let's hope they stay that way!!!
  • #52,639
  • Nov 30, 2007 2:38am Nov 30, 2007 2:38am
Quoting ife
karmo...your patience pills are paying off..i think we mite see 230
It always does Enjoy the pips
Trade what you see, not what you think.
  • #52,640
  • Nov 30, 2007 2:39am Nov 30, 2007 2:39am
Next target is 230.20 area
Trade what you see, not what you think.
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