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

  • #53,261
  • Dec 5, 2007 2:17am Dec 5, 2007 2:17am
I wonder what karmo whould think?
  • #53,262
  • Dec 5, 2007 2:18am Dec 5, 2007 2:18am
I don't think its quite dine yet. . .
  • #53,263
  • Edited 2:41am Dec 5, 2007 2:19am | Edited 2:41am
Quoting forexnovice
Good Morning All

Looking 2 load longs @ 50 & 61.8 fibs as well as the Daily PP
All entries active Patience Pays
  • #53,264
  • Dec 5, 2007 2:21am Dec 5, 2007 2:21am
Quoting quecee5
In 8 min. its going to get interesting. . .
every one waited for something BIG and it turned them all with sad faces
  • #53,265
  • Dec 5, 2007 2:22am Dec 5, 2007 2:22am
It blew right through my awesomely fantastic (sarcastic) level of support... but as someone said it'll retrace sharply...imo. Ive scaled in off the back of this move...
"If it bleeds ... we can kill it"
  • #53,266
  • Dec 5, 2007 2:24am Dec 5, 2007 2:24am
lol news, I got stopped out in profit

I'm done for now, gotta go n enjoy life
Trade what you see, not what you think.
  • #53,267
  • Dec 5, 2007 2:27am Dec 5, 2007 2:27am
Quoting MMDealer
It blew right through my awesomely fantastic (sarcastic) level of support... but as someone said it'll retrace sharply...imo. Ive scaled in off the back of this move...
MMDealer

I hope you were able to enter your new long trades on that retrace.

I was able to enter a new short trade from 227.20 after realizing that there was a wave equality between the w5 and w3 of elliott waves and that w1 was a long extended wave.

More than paid for my small loss for the early exit of a long trade while I exited at break even with the old short trade. short trdae from 227.20 more than made up for that loss.

have loaded new long trade again at 50% retrace.

EG
  • #53,268
  • Dec 5, 2007 2:27am Dec 5, 2007 2:27am
Does anyone see that an anticipated GBP rate cut has started to be priced ? This sudden move perplexed me.
  • #53,269
  • Dec 5, 2007 2:28am Dec 5, 2007 2:28am
Quoting forexnovice
If u r using MT4, upload this indicator 2 ur charts. Under the Inputs tab, set ur Daystart hour to
a) 0 for asian session
b) 8 for european session
c) 13 for US session
Thats if ur broker is using GMT time.
Also make sure the PivotSet is set to 1 for daily Pivots, 2 will give ya the weekly pivot & 3 the monthly.
If ur broker uses EST time, follow Pipcruiser's advice
Thanks for the indicator.i tried it and I got few diffrent lines.so I am wondering which one is the daily pivot.would you advise.
Failure, is a wonderful teacher!
  • #53,270
  • Dec 5, 2007 2:32am Dec 5, 2007 2:32am
El Grande,

I was able to load in longs... with a very healthy average position below my initial target level.

Nice work on the short trade. I actually traded the short on the way down to.. before it went crazy i caught a pin bar off a 61.8 ret level - 1hr charts. Stoked.
"If it bleeds ... we can kill it"
  • #53,271
  • Dec 5, 2007 2:34am Dec 5, 2007 2:34am
Quoting mike1349
Thanks for the indicator.i tried it and I got few diffrent lines.so I am wondering which one is the daily pivot.would you advise.
Place ur cursor on the lines & hold it there for 2-3secs the readings will appear..
  • #53,272
  • Dec 5, 2007 2:38am Dec 5, 2007 2:38am
Quoting MMDealer
El Grande,

I was able to load in longs... with a very healthy average position below my initial target level.

Nice work on the short trade. I actually traded the short on the way down to.. before it went crazy i caught a pin bar off a 61.8 ret level - 1hr charts. Stoked.
Nice trade on the short but that 1hr was anything but a PB...
  • #53,273
  • Dec 5, 2007 2:50am Dec 5, 2007 2:50am
Sorry mate, maybe it doesnt fit your ideal, but to me the long tail and short body failing through a level represents the same thing... i spose...
Attached Image
"If it bleeds ... we can kill it"
  • #53,274
  • Dec 5, 2007 2:58am Dec 5, 2007 2:58am
Quoting MMDealer
Sorry mate, maybe it doesnt fit your ideal, but to me the long tail and short body failing through a level represents the same thing... i spose...
U r right about the long tail & short body but the left bar's high is below the close of the PB. Thats why it is not an ideal PB. U made some pips & thats what counts
  • #53,275
  • Dec 5, 2007 3:01am Dec 5, 2007 3:01am
Cool, no worries. My long is now looking.. bad. What are you guys thinking here?
"If it bleeds ... we can kill it"
  • #53,276
  • Dec 5, 2007 3:01am Dec 5, 2007 3:01am
Quoting forexnovice
U r right about the long tail & short body but the left bar's high is below the close of the PB. Thats why it is not an ideal PB. U made some pips & thats what counts
Anyone long here?
  • #53,277
  • Dec 5, 2007 3:02am Dec 5, 2007 3:02am
wooooooooooooooooooooooow..... what a drop... 200pips in 1hour...

I really hope that's the end of it

It'll be up to
3:30am GBP http://www.forexfactory.com/images/m...mpact_high.gif Services PMIhttp://www.forexfactory.com/images/m...etail_star.gif 53.0 53.1
bad news here would send G/J crashing another 100pips for sure
  • #53,278
  • Dec 5, 2007 3:03am Dec 5, 2007 3:03am
LOL Price just hit my beloved 50fib @ 225.29.
  • #53,279
  • Dec 5, 2007 3:05am Dec 5, 2007 3:05am
224.65 would be the end!
  • #53,280
  • Dec 5, 2007 3:09am Dec 5, 2007 3:09am
Quoting quecee5
Anyone long here?
Me..me just loaded another 1 @ 225

Note-all my postions r small, pip targets big & SL wide 2 allow 4 such swings..

btw price just hit the weekly 100sma @225.20
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