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

  • #55,181
  • Dec 14, 2007 6:33am Dec 14, 2007 6:33am
Quoting MMDealer
Call me a contrarian, but i think we will see a bounce here. Check out my trend lines.
I wouldn't risk going long here with the 4hr/1hr short signal in progress. Looking for a buy after price bounces off the lower black line with PA to confirm...my 2cents opinion
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  • #55,182
  • Dec 14, 2007 6:35am Dec 14, 2007 6:35am
i got Long signal at 228.5 again
Ele
  • #55,183
  • Dec 14, 2007 6:39am Dec 14, 2007 6:39am
According to the definition (my own ofcourse) "a trendline is valid until it is broken by the price action". So in your graph i see only one valid trendline, the shortest and newest one.

A trend (-line) is created by unique conditions in a specific situation, and once these conditions are changed, the trend is changed. This is shown as a broken trendline and therefore it should be no longer used once trend is over.

Formal enough, huh?

R

Quoting MMDealer
Call me a contrarian, but i think we will see a bounce here. Check out my trend lines.
  • #55,184
  • Dec 14, 2007 6:42am Dec 14, 2007 6:42am
Quoting forexnovice
I wouldn't risk going long here with the 4hr/1hr short signal in progress. Looking for a buy after price bounces off the lower black line with PA to confirm...my 2cents opinion
Nice mate, i appreciate your view. i have the same channel on my charts, however am being a little (too?) aggressive in my trading these days. CPI should cause some volatility - any thoughts on the outcome / possible strat for this?
"If it bleeds ... we can kill it"
  • #55,185
  • Dec 14, 2007 6:45am Dec 14, 2007 6:45am
Quoting Rocroy
According to the definition (my own ofcourse) "a trendline is valid until it is broken by the price action". So in your graph i see only one valid trendline, the shortest and newest one.

A trend (-line) is created by unique conditions in a specific situation, and once these conditions are changed, the trend is changed. This is shown as a broken trendline and therefore it should be no longer used once trend is over.

Formal enough, huh?

R
Once a trend line is broken, it often becomes support (when initially resistance) or resistance (when initially support). This happens time and time again. Right?

PS. I think we just got that bouce - breaking out of the down sloping wedge to the upside... DLHC.
"If it bleeds ... we can kill it"
  • #55,186
  • Dec 14, 2007 6:48am Dec 14, 2007 6:48am
Guys ignore the silly potty responses, lets move on to turning the odds to our favor. This is a massive thread, think of irrelevant comments as lower time frames on the chart.
Common sense is not so common.
  • #55,187
  • Dec 14, 2007 6:49am Dec 14, 2007 6:49am
Quoting ele
i got Long signal at 228.5 again
Ele
what signal?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,188
  • Dec 14, 2007 6:50am Dec 14, 2007 6:50am
Quoting MMDealer
Nice mate, i appreciate your view. i have the same channel on my charts, however am being a little (too?) aggressive in my trading these days. CPI should cause some volatility - any thoughts on the outcome / possible strat for this?
Lol...am a fundies moron. FF calendar shows CPI might be postive. Planning to stay out since scalps were stopped out in this choppy market. Good Luck Trading

edit- and everytime I say that I jump in but not today. Thin markets, higher volatility=risky trading
  • #55,189
  • Dec 14, 2007 6:50am Dec 14, 2007 6:50am
Quoting Dior
Guys ingore the silly potty responses, lets move on to turning the odds to our favor. This is a massive thread, think of irrelevant comments as lower time frames on the chart.

Your the man. I'm with you on that one.
"If it bleeds ... we can kill it"
  • #55,190
  • Dec 14, 2007 6:52am Dec 14, 2007 6:52am
Quoting karmostaji
I don't know what your problem is with me since you ever joined but whatever, welcome to my ignore list.
Welcome to the club, my brother. This guy has been on my ignore list since about his third post. He's an instigator and an antagonist. There are people in this world who are so miserable that their only moments of joy occur when they make other people angry or miserable. Fer is one of those people. There are enough pressures and distractions in Forex without having to deal with the human variety. Your ignore list is the best choice in this situation, Karmo.

M2B
  • #55,191
  • Edited 6:55am Dec 14, 2007 6:54am | Edited 6:55am
I guess g/j still testing the 229 resistance. Already the 2nd time.
  • #55,192
  • Dec 14, 2007 7:01am Dec 14, 2007 7:01am
Quoting karmostaji
CPI news in an hour, and also waiting for the new 4H momentum on VT, price is still bouncing off the 4H gann on VTtrader chart

  1. New 4H momentum on VT is bullish
  2. Price bounced off 4H Gann hilo
  3. Bullish engulfing candle on 1H chart
  4. Price bounced off 1H 100sma and closed above 50ema 1H chart

It's looking bullish, I'll load longs once we get a candle close above 1H Gann hilo.

Trade what you see, not what you think.
  • #55,193
  • Dec 14, 2007 7:05am Dec 14, 2007 7:05am
Quoting moneymagnet
let me put on my glasses and explain (where is m2b when i need him). the thread is a GPY thread but aus will (or use to) give GBP/USD NEWSTRADE analysis. hope u understand the difference pyramid

about time u got here m2b!!!! we've had some idiots this morning.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,194
  • Dec 14, 2007 7:10am Dec 14, 2007 7:10am
something to keep in mind for probably next week, we have a bearish harmonic pattern formed on UJ on the Daily chart, If it stays valid.. we could see it play out next week.

Just something to keep in mind.
Trade what you see, not what you think.
  • #55,195
  • Dec 14, 2007 7:13am Dec 14, 2007 7:13am
Market Seems to wait for a good CPI news ( US) . Like yesterday shock on PPI , It may be an other shock because of CPi ,
If you already have opened a long trade , I guess keep it , while the news and all long day , just you will see a volatility on the market.
Oil Prices and Commodity Currencies are under pressure.

Also , We may see EUR/USD 1.43x It means , GJ , will move around 232.xx

Also , Aus Indicators also shows bullish , But If you want to join , Be , careful , it may drop a while , so , you have to risk too much , and use wider SL.
Imagination is more important than knowledge. -- Albert Einstein
  • #55,196
  • Dec 14, 2007 7:17am Dec 14, 2007 7:17am
Quoting arezab
This thread is...definitely not a place to paste a ridiculous pictures like the one in previous pages. Is this a place for joking or putting the personal diary ....

If in other pages I see them continue I'll quit this tread ... I think it's gonna be a waste of time to read these nonsense ...
I know what you mean. I hate it when people post those ridiculous pictures. I mean, this is supposed to be a serious trading thread, not a place to lighten up and have fun. C'mon, people. Tighten up. Trading is supposed to be stressful and nerve-wracking. Wipe that smile off your face right now!

M2B
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  • #55,197
  • Dec 14, 2007 7:19am Dec 14, 2007 7:19am
Enough!
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  • #55,198
  • Dec 14, 2007 7:20am Dec 14, 2007 7:20am
Oh, no!
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  • #55,199
  • Dec 14, 2007 7:21am Dec 14, 2007 7:21am
It's alive!
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  • #55,200
  • Dec 14, 2007 7:21am Dec 14, 2007 7:21am
Quoting my2buoys
I know what you mean. I hate it when people post those ridiculous pictures. I mean, this is supposed to be a serious trading thread, not a place to lighten up and have fun. C'mon, people. Tighten up. Trading is supposed to be stressful and nerve-wracking. Wipe that smile off your face right now!

M2B
hahahahhaa.. I just love ur pic's M2B..
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