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

  • #56,921
  • Jan 2, 2008 1:49pm Jan 2, 2008 1:49pm
Quoting dagoods


i'm liking the looks of it now!
I think you'll also like what you see on the 4hr chart. . .
  • #56,922
  • Jan 2, 2008 1:51pm Jan 2, 2008 1:51pm
Quoting quecee5
I think you'll also like what you see on the 4hr chart. . .
I'm liking it now too. I just looked at the chart for it. I rarely trade the eur/usd, but I may on this one. I'm looking for further indications of a drop based on my charts.
I dream, therefore I become.
  • #56,923
  • Jan 2, 2008 2:02pm Jan 2, 2008 2:02pm
Quoting mike w
I'm liking it now too. I just looked at the chart for it. I rarely trade the eur/usd, but I may on this one. I'm looking for further indications of a drop based on my charts.
My TP is ar'd 1.4560/20 area, which is ar'd the 50% fib area or @ 50/55 sma/ema. It could go a bit lower to 1.4465/70 area but that's where I look to get long for a ride to 1.500. . . I look for this to be a 12-18 hr trade for TP. . .Good luck all on your trades today!
  • #56,924
  • Jan 2, 2008 2:02pm Jan 2, 2008 2:02pm
man, is the Geppy going to retrace up at all ?
Not a good way to start 2008 for me.

ok, venting is over......
  • #56,925
  • Jan 2, 2008 2:04pm Jan 2, 2008 2:04pm
DOW may break the 13000 level before end of the day. DAM this market hate it hate it.
  • #56,926
  • Jan 2, 2008 2:10pm Jan 2, 2008 2:10pm
Quoting quecee5
My TP is ar'd 1.4560/20 area, which is ar'd the 50% fib area or @ 50/55 sma/ema. It could go a bit lower to 1.4465/70 area but that's where I look to get long for a ride to 1.500. . . I look for this to be a 12-18 hr trade for TP. . .Good luck all on your trades today!
I agree on that aspect as well Quecee. Best of luck to you my friend!
I dream, therefore I become.
  • #56,927
  • Jan 2, 2008 2:22pm Jan 2, 2008 2:22pm
Okay, senior members and dagoods, LOL. . . I'm not trying to pick a bottom but merely trying to determine where's a good place for GJ to retrace before moving downward again. . .As I look at the weekly chart there seems to be support (as forexnovice stated) @ ar's 216.05 or 200 ema that could hold for a retracement back up to 50% fib of the fall 222.75 - ((222.75-216.05/0.50) = 219.40. . .Feedback welcomed!
  • #56,928
  • Jan 2, 2008 2:26pm Jan 2, 2008 2:26pm
Quoting quecee5
Okay, senior members and dagoods, LOL. . . I'm not trying to pick a bottom but merely trying determine where's a good place for GJ to retrace before moving downward again. . .As I look at the weekly chart there seems to be support (as forexnovice stated) @ ar's 216.05 or 200 ema that could hold for a retracement back up to 50% fib of the fall 222.75 - (222.75-216.05/0.50) = 219.40. . .Feedback welcomed!
so........can i buy now?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #56,929
  • Jan 2, 2008 2:29pm Jan 2, 2008 2:29pm
Quoting moneymagnet
so........can i buy now?
lol Only if you want to hand someone else, lets say me, your money! Dont even think of buying in a downwards market. Your going to lose money if you do.

Anyways, I'm not a fan of trying to predict tops and bottoms either Quecee, But you can bet that once a retracement does occur that price action will indicate when it's over along with the fibs coinciding. That's when I'll add more shorts to the table.
I dream, therefore I become.
  • #56,930
  • Jan 2, 2008 2:34pm Jan 2, 2008 2:34pm
Good Night Ladies & Gentlemen. Trade Well
  • #56,931
  • Jan 2, 2008 2:48pm Jan 2, 2008 2:48pm
Quoting mike w
lol Only if you want to hand someone else, lets say me, your money! Dont even think of buying in a downwards market. Your going to lose money if you do.

Anyways, I'm not a fan of trying to predict tops and bottoms either Quecee, But you can bet that once a retracement does occur that price action will indicate when it's over along with the fibs coinciding. That's when I'll add more shorts to the table.
lol...ok thx for the advice!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #56,932
  • Jan 2, 2008 2:55pm Jan 2, 2008 2:55pm
Quoting quecee5
Okay, senior members and dagoods, LOL. . . I'm not trying to pick a bottom but merely trying to determine where's a good place for GJ to retrace before moving downward again. . .As I look at the weekly chart there seems to be support (as forexnovice stated) @ ar's 216.05 or 200 ema that could hold for a retracement back up to 50% fib of the fall 222.75 - ((222.75-216.05/0.50) = 219.40. . .Feedback welcomed!

i'll get there...i'm on the right track! rofl.... ok here is my theory(in experimental phase)...using fractals and previous td pivot points... that line up with other support areas....lets say the 200 ema in this case i would look to the next area of possible support where a retrace may possibly in wild dreams begin may be at 215.94 to 216.12 area just a big ole guess though..... lets see
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  • #56,933
  • Jan 2, 2008 3:01pm Jan 2, 2008 3:01pm
Any ideas on where M2B has disappeared to?
  • #56,934
  • Jan 2, 2008 3:02pm Jan 2, 2008 3:02pm
Looks like it's retracing now.
Patience + Humility + Study = Success
  • #56,935
  • Jan 2, 2008 3:04pm Jan 2, 2008 3:04pm
Quoting DutchTrader
Looks like it's retracing now.
  • #56,936
  • Jan 2, 2008 3:10pm Jan 2, 2008 3:10pm
Quoting quecee5

some triple interest wedsnesday action1??? hmmmmmmmm gu too may be ready.... but i'm not nostradamuslike like quecee so i'll wait for better trades
  • #56,937
  • Jan 2, 2008 3:10pm Jan 2, 2008 3:10pm
Its only retracing because of tripple interest day. After big boys get their tripple interest fix it will come back down which is not good for me since I am long from 225 lol.
  • #56,938
  • Jan 2, 2008 3:11pm Jan 2, 2008 3:11pm
Quoting vinesh2
Its only retracing because of tripple interest day. After big boys get their tripple interest fix it will come back down which is not good for me since I am long from 225 lol.
That's a lot of pips.
Patience + Humility + Study = Success
  • #56,939
  • Jan 2, 2008 3:16pm Jan 2, 2008 3:16pm
Quoting dagoods
some triple interest wedsnesday action1??? hmmmmmmmm gu too may be ready.... but i'm not nostradamuslike like quecee so i'll wait for better trades
LOL!
  • #56,940
  • Jan 2, 2008 3:17pm Jan 2, 2008 3:17pm
Tell me about it. I am learning a lot here. first off NEVER GO AGAINST THE TREND! I am hurting and considering cutting the bleeding but I am going to hang on till end of this week which is only 2 days away and if this thing does not retrace to that level which is around 5SMA Daily level I am going to cut and run and not trade for a while
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