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

  • #53,121
  • Dec 4, 2007 12:14pm Dec 4, 2007 12:14pm
Quoting karmostaji
1st target 227, I'll tell you the rest later
I was thinking the 61.8 at 227.00 then back to 226.53, maybe even 226.35 before another run to 227.00 and a break above it.
  • #53,122
  • Dec 4, 2007 12:17pm Dec 4, 2007 12:17pm
that last spike scared me a little, but it followed exactly the Dow's jump up to even level for the day. now the dow is back down to -20 or so and the g/y went right back down with it. a 15minute pin bar formed that touched the 38.2 retrace and it closed back underneath that short term trendline that was broken. the only thing pointing up on my charts is a 4H stochs cross. but the daily stochs have crossed down and everything else still seems bearish. a candle closing above that 38.2 line will sure change my mind in a hurry though
  • #53,123
  • Dec 4, 2007 12:20pm Dec 4, 2007 12:20pm
Quoting karmostaji
1st target 227, I'll tell you the rest later
2nd 227.40
3rd 227.88
4th 229
Trade what you see, not what you think.
  • #53,124
  • Dec 4, 2007 12:23pm Dec 4, 2007 12:23pm
wow.. u guys are still in here.. thanks for keeping the thread alive..

and yea karm.. agree with you on the long trade that you mentioned earlier.



Quoting karmostaji
2nd 227.40
3rd 227.88
4th 229
  • #53,125
  • Dec 4, 2007 12:24pm Dec 4, 2007 12:24pm
Quoting karmostaji
2nd 227.40
3rd 227.88
4th 229
  • #53,126
  • Dec 4, 2007 12:28pm Dec 4, 2007 12:28pm
Quoting karmostaji
2nd 227.40
3rd 227.88
4th 229
YOu must use fib expansion for your targets. Great tool! I have the same targets using the fib expansions.
  • #53,127
  • Dec 4, 2007 12:28pm Dec 4, 2007 12:28pm
Quoting karmostaji
2nd 227.40
3rd 227.88
4th 229
Karmo, What are your thoughts on E/J right now??
  • #53,128
  • Dec 4, 2007 12:30pm Dec 4, 2007 12:30pm
Quoting PipChick
YOu must use fib expansion for your targets. Great tool! I have the same targets using the fib expansions.
Im leary of the long until an open on the 15 min chart above 226.36. Im a conservative.lol
Edit: At that point, the stop could be just below the 1 hr 5 ema creating lower risk.
  • #53,129
  • Dec 4, 2007 12:32pm Dec 4, 2007 12:32pm
Quoting PipChick
YOu must use fib expansion for your targets. Great tool! I have the same targets using the fib expansions.
I use only 1 tool and that is fibo retracement, once the DOW is out of the way.. longs will be better until then its crazy price action.
Trade what you see, not what you think.
  • #53,130
  • Dec 4, 2007 12:32pm Dec 4, 2007 12:32pm
Quoting sleep1Iopen
Karmo, What are your thoughts on E/J right now??
I trade GJ exclusively, sorry
Trade what you see, not what you think.
  • #53,131
  • Dec 4, 2007 12:34pm Dec 4, 2007 12:34pm
Quoting intelmaster
wow.. u guys are still in here.. thanks for keeping the thread alive..

and yea karm.. agree with you on the long trade that you mentioned earlier.
This is my forex home, why would I leave

Good to see you
Trade what you see, not what you think.
  • #53,132
  • Dec 4, 2007 12:37pm Dec 4, 2007 12:37pm
Quoting PipChick
Im leary of the long until an open on the 15 min chart above 226.36. Im a conservative.lol
Edit: At that point, the stop could be just below the 1 hr 5 ema creating lower risk.
And what is ur reasoning behind this?

Edit-saw ur edited post
  • #53,133
  • Dec 4, 2007 12:42pm Dec 4, 2007 12:42pm
Quoting forexnovice
And what is ur reasoning behind this?

Edit-saw ur edited post
Re-read the last few posts forexnovice.
  • #53,134
  • Dec 4, 2007 12:49pm Dec 4, 2007 12:49pm
K man! I am coming to Dubai to learn from you!
  • #53,135
  • Dec 4, 2007 12:57pm Dec 4, 2007 12:57pm
but anyone help out with a indicator for mt4 that shows my time on the candles instead of the brokers time. Thanks
  • #53,136
  • Dec 4, 2007 12:59pm Dec 4, 2007 12:59pm
Quoting khmr
but anyone help out with a indicator for mt4 that shows my time on the candles instead of the brokers time. Thanks
Do share it with me when u find one
  • #53,137
  • Dec 4, 2007 1:05pm Dec 4, 2007 1:05pm
Quoting khmr
but anyone help out with a indicator for mt4 that shows my time on the candles instead of the brokers time. Thanks
use this one
Attached File(s)
File Type: mq4 BarClock.mq4   3 KB | 309 downloads
  • #53,138
  • Dec 4, 2007 1:11pm Dec 4, 2007 1:11pm
Quoting karmostaji
1st target 227, I'll tell you the rest later
Karmo it is still valid ?

Thanks
  • #53,139
  • Dec 4, 2007 1:17pm Dec 4, 2007 1:17pm
hi all , any indicator work as price alert ?
Never trouble trouble till trouble troubles you
  • #53,140
  • Dec 4, 2007 1:17pm Dec 4, 2007 1:17pm
These are some fib setups on my charts,
It looks short to me,
I found a fib on the hourly TRY/JPY,
and some fibs on the GBP/JPY chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: example 311.gif Size: 31 KB
Click to Enlarge Name: example 312.gif Size: 32 KB
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