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

  • #54,581
  • Dec 12, 2007 7:27am Dec 12, 2007 7:27am
Quoting quecee5
Market seems confused also feel like they want price to hit 61.8% fib from the last down move @ 227.88. . .

Anyone have any thoughts on this?
I even see 228.00 before the turn
  • #54,582
  • Dec 12, 2007 7:32am Dec 12, 2007 7:32am
Quoting quecee5
Market seems confused also feel like they want price to hit 61.8% fib from the last down move @ 227.88. . .

Anyone have any thoughts on this?
it may go up til 4hr gannhilo in 228.30 area,after that next resistance is 4hr 200ema around 228.90 area
  • #54,583
  • Dec 12, 2007 7:33am Dec 12, 2007 7:33am
Quoting ee.fxfx
hi guys,

does any one knows how to use Ichimoku...i ve read a lot abt it from investopedia and stuff..but of no help...

It would be great if u direct me to any good sites or threads....

thanks
http://www.kumotrader.com/ichimoku_w...tle=Main_Page:)
  • #54,584
  • Dec 12, 2007 7:34am Dec 12, 2007 7:34am
Quoting zoheir
I even see 228.00 before the turn
This is scary.
  • #54,585
  • Dec 12, 2007 7:35am Dec 12, 2007 7:35am
Quoting shahroodi
it may go up til 4hr gannhilo in 228.30 area,after that next resistance is 4hr 200ema around 228.90 area
but i except parice after reach to 4hr gann,bounce back to downward.
i left sell limit at 228.50.
  • #54,586
  • Dec 12, 2007 7:35am Dec 12, 2007 7:35am
Quoting zoheir
I even see 228.00 before the turn
Agreed!
  • #54,587
  • Dec 12, 2007 7:39am Dec 12, 2007 7:39am
Quoting quecee5
Market seems confused also feel like they want price to hit 61.8% fib from the last down move @ 227.88. . .

Anyone have any thoughts on this?
Market is on course.. its all in the mind and comes from taking others trade calls seriously. Good Luck Trading my Friend
  • #54,588
  • Dec 12, 2007 7:39am Dec 12, 2007 7:39am
Quoting pip_designer
This is scary.
Yeah, whose still buying after yesterdays fed news is the question I have?
It has hit 61.8% fib so far. May touch 76.4 which is @ 228.62. . .
  • #54,589
  • Dec 12, 2007 7:40am Dec 12, 2007 7:40am
[quote=fer;1755790]looking at what i see on the charts, i jumped on the entry on the above trade thinking ill catch the ride short. but on further assessment, the main reason i took the above trade was that gj tested 50% fib retrace and i assumed that it will fall from there. on second thoughts, looking back at the charts i see that we are at undecided territory still so i have exited my trade at 227.17 for -9 pips loss and i will wait for more confirmations on either direction, long or short. lesson to myself.
(ps to me- i wont give away the profits earned today so far)[/quot

glad i exited my short position. discipline still learning. patting myself .

fer
  • #54,590
  • Dec 12, 2007 7:43am Dec 12, 2007 7:43am
Wasn't expecting such a move, what's next.
Trade what you see, not what you think.
  • #54,591
  • Dec 12, 2007 7:43am Dec 12, 2007 7:43am
Quoting forexnovice
Market is on course.. its all in the mind and comes from taking others trade calls seriously. Good Luck Trading my Friend
Not sure what you mean by your statement, please elaborate. . .
  • #54,592
  • Dec 12, 2007 7:44am Dec 12, 2007 7:44am
I'm thinking 232 - 234 (daily 200 ema) area before this baby really...really starts to head south.....
  • #54,593
  • Dec 12, 2007 7:46am Dec 12, 2007 7:46am
You know when all the traders are calling in one particular direction, it's time to stay out of the market or do the exact opposite. I think today has been a prime example of that. I ought to write that down, because I didn't, I've been loading shorts all the way up. What a mug!


Here's a chart showing confluence between a trendline and a median line where we are at right now. Could this be the reversal point?
Attached Image (click to enlarge)
Click to Enlarge Name: ml+tlconfluence.gif Size: 24 KB
  • #54,594
  • Dec 12, 2007 7:48am Dec 12, 2007 7:48am
Quoting karmostaji
Wasn't expecting such a move, what's next.

228,73 is the next fib up. but u know that.
if 100% retrace from yesterday then 231/32 very very very likely.
  • #54,595
  • Dec 12, 2007 7:48am Dec 12, 2007 7:48am
Quoting birdt
You know when all the traders are calling in one particular direction, it's time to stay out of the market or do the exact opposite. I think today has been a prime example of that. I ought to write that down, because I didn't, I've been loading shorts all the way up. What a mug!


Here's a chart showing confluence between a trendline and a median line where we are at right now. Could this be the reversal point?
I don't think anyone anticipated this even the market. . .
I'm really confused @ this point. . .
  • #54,596
  • Dec 12, 2007 7:49am Dec 12, 2007 7:49am
Quoting shahroodi
it may go up til 4hr gannhilo in 228.30 area,after that next resistance is 4hr 200ema around 228.90 area
woow how fast price reached 228.37.
fxdd new 4hr candle will form in 10 min,i'll wait and see the momentom 10c and qqe1 directions in 4hr chart.
  • #54,597
  • Dec 12, 2007 7:50am Dec 12, 2007 7:50am
completley agree!..got burned on short..looking back had good entries signals to go long!..damn!

Quoting birdt
You know when all the traders are calling in one particular direction, it's time to stay out of the market or do the exact opposite. I think today has been a prime example of that. I ought to write that down, because I didn't, I've been loading shorts all the way up. What a mug!


Here's a chart showing confluence between a trendline and a median line where we are at right now. Could this be the reversal point?
Fear's for the other guy
  • #54,598
  • Dec 12, 2007 7:51am Dec 12, 2007 7:51am
He and his followers must have gotten stopped out by now. How cruel today's market is.

Quoting karmostaji
my average entry is around 227.10 and SL is 100 pips above
  • #54,599
  • Dec 12, 2007 7:52am Dec 12, 2007 7:52am
Quoting quecee5
Not sure what you mean by your statement, please elaborate. . .
Simply put the sentiment in this thread has been bearish since Monday and I am not expecting it to change anytime soon. Yesterdays fall did not help matters although it was panic driven selling going on.
  • #54,600
  • Dec 12, 2007 7:56am Dec 12, 2007 7:56am
Quoting forexnovice
Simply put the sentiment in this thread has been bearish since Monday and I am not expecting it to change anytime soon. Yesterdays fall did not help matters although it was panic driven selling going on.
I hear ya!
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