Inverse h/s on the daily chart with the rt shoulder at the current price. If this lo is breached, the inverse would be violated and could send the pair significantly lower. Need a bounce at this price for longs.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #53,101
- Dec 4, 2007 10:33am Dec 4, 2007 10:33am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #53,104
- Dec 4, 2007 11:00am Dec 4, 2007 11:00am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
accuracy[/color](sometimes) and helpful in pointing noobs like me to ways of making our own analysis and thus arrive at pip-making decisions, but I must say YOU should go and read Auslanco's very first thread which placed emphasis on NEW TRADERS (if that doesn't mean noobs then my English is worse than I thought).
I know many people have turned the thread into a zoo where they want to be spoon-fed on when to enter and exit trades (give humans an inch and they will take a mile), but that does not mean any eager-to-learn noob has to be ignored or made to feel like a fool (at least the thread is "mainly focused on new trades who want to learn...).
Please don't make this thread any worse than it is right now.
THUMBS UP TO AUSLANCO, KARMOSTAJI, PIP_CRUISER, MPP, BRUCEHVN, ... and YOU M2BUOYS.
Good point btw
- #53,105
- Dec 4, 2007 11:03am Dec 4, 2007 11:03am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Thought I would play your English Teacher for a while
- #53,106
- Dec 4, 2007 11:08am Dec 4, 2007 11:08am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Lots of time on your hands forexnovice? lol
- #53,109
- Dec 4, 2007 11:11am Dec 4, 2007 11:11am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Looking 2 cut short my shorts & longing 4 some longs..
- #53,110
- Dec 4, 2007 11:11am Dec 4, 2007 11:11am
hey guys that's wut i read in some other thread:
"The Bank of Canada decison to cut interest rates by 0.25% on Tuesday will increase speculation that the Bank of England will also cut rates this week to help contain the risks from a severe credit tightening and this will tend to weaken Sterling slightly in the near term."
so don't u think we're gonna have some bearish run downwards if gj breaks this 225.50 level, as there r chances of weaker sterling?
- #53,111
- Dec 4, 2007 11:18am Dec 4, 2007 11:18am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Hint..running into the 5 ema on the 1 hr..
- #53,112
- Dec 4, 2007 11:23am Dec 4, 2007 11:23am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Thanx 4 the hint but I prefer 2 stick 2 my system PIPchick
- #53,115
- Dec 4, 2007 11:29am Dec 4, 2007 11:29am
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Whats your system forexnovice?
. 4 the timebeing am content following Aus 4hr/1hr & 15min strategy along with PA, fibs, TLs...And feel free 2 pm me, dont pollute this thread with such questions.. - #53,116
- Dec 4, 2007 11:32am Dec 4, 2007 11:32am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Will let ya know when I develop 1
- #53,118
- Dec 4, 2007 12:05pm Dec 4, 2007 12:05pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
The long trade I mentioned earlier is on, good-bye bears.. for now 
Trade what you see, not what you think.
- #53,119
- Dec 4, 2007 12:08pm Dec 4, 2007 12:08pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
The long trade I mentioned earlier is on, good-bye bears.. for now
- #53,120
- Dec 4, 2007 12:11pm Dec 4, 2007 12:11pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
What target are you aiming for Karm? It may be tricky to get above the 200 ema on the 1 hr.
Trade what you see, not what you think.