Disliked4 hour also shows a nice narrowing triangle and thinning channel= patiently waiting for price to decide with omentum
ps bullish bias with wary outlook and prepared to trade either wayIgnored
hmm, peaks and valleys, nice.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #57,603
- Jan 7, 2008 1:07pm Jan 7, 2008 1:07pm
Good morning fxstman. Last night's top and the possible pattern being formed were the first things to catch my eye today. Glad someone else noticed it. Let's see what becomes of it.
Sorry for the late reply. I had to take off to work for a while. I started learning patterns and trading by them. They have paid off pretty good. A rising wedge up @ 229.xx area signaled this down to here. Hope trading is going good for you all!!
Thanks for the info. in the PM dagoods. I will try to reply w/ a couple of Q's I have soon, if that is alright.
GLT
fxstman
- #57,604
- Jan 7, 2008 2:35pm Jan 7, 2008 2:35pm
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Good Night All. Trade well
- #57,605
- Edited 3:05pm Jan 7, 2008 2:52pm | Edited 3:05pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Good Night All. Trade well
update moved stop loss to break even 2 minutes after trade placed
(sorry to clog thread all but someone asked me to post an example) no more calls only analysis from me i promise 
- #57,607
- Jan 7, 2008 3:06pm Jan 7, 2008 3:06pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #57,608
- Jan 7, 2008 3:10pm Jan 7, 2008 3:10pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
It could fall to 213.50/60 later today. . .
absolutely she wouldnt be the geppy if she wasnt crazy like that... i am just scalping right now..... but i fully expect her to test the bottom and then decide where to go from there...later today? maybe.... or later tonight.... I just dont know what she will do at the bottm when she gets there (if) bounce again..... pentrate and then bounce.... or just crash down???
i just am hoping to see bigger retrace than only 216 so i can get a nice short postion when she falls hard again.... (trying to envision the longer term future possible 1 2 3 pattern..... what u think?
- #57,610
- Jan 7, 2008 3:11pm Jan 7, 2008 3:11pm
- | Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts
- #57,611
- Jan 7, 2008 3:12pm Jan 7, 2008 3:12pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
absolutely she wouldnt be the geppy if she wasnt crazy like that... i am just scalping right now..... but i fully expect her to test the bottom and then decide where to go from there...later today? maybe.... or later tonight.... I just dont know what she will do at the bottm when she gets there (if) bounce again..... pentrate and then bounce.... or just crash down???
i just am hoping to see bigger retrace than only 216 so i can get a nice short postion when she falls hard again.... (trying to envision the longer term future possible 1 2 3 pattern..... what u think?
- #57,614
- Jan 7, 2008 3:21pm Jan 7, 2008 3:21pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Think its a good trade into post high point 1/8 7:30 ish am GMT, not sure about 5 pip grace but all looks well atm GL.
the daily has much in store in coming days though
- #57,617
- Jan 7, 2008 3:32pm Jan 7, 2008 3:32pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
sorry bout that typo i have now decided on all my scalps(for now0 on gj that sl is -15 and tp is 45 to 50 for a 3:1 rr and always very closely montioring...but will take 30 if it looks like she doesnt want to obey me
No worries goods, think she's a winner anywhooo. Think she be good for 219-221 actually
long myself 213.75,78 and 93
just need to crack 21 ema and she's a real winner
"Millionaires don't use astrology, billionaires do"
- #57,618
- Jan 7, 2008 3:32pm Jan 7, 2008 3:32pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Long! such an idiot! I scalped 150 pips since morning almost of all of it is gone! beatchh! lol! cant get anything right in the past month. Not trading full time is really hurting me! sucks ass!
Your long could be in good shape, the Asian session is notorious for short squeezes so you night be able to get of out of it with a nice profit @ 215.60/216/216.70s if they don't take price down b/4 up. . . or if your account can't handle the drawdown if it goes the other way 1st. . .
- #57,619
- Jan 7, 2008 3:39pm Jan 7, 2008 3:39pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
No worries goods, think she's a winner anywhooo. Think she be good for 219-221 actually
long myself 213.75,78 and 93
just need to crack 21 ema and she's a real winner
thanks yeah i still like the looks of it.... have my stop in a great spot i think(moved her back to -15) so i am willing to take the -15 for the potetial upside here if like u said she makes it through the various emas (resistances) could go for more than i was looking for.... will tp accordingly if it works out....as i decided to be greedy he he
( i usually would have been done with this scalp already) but greed lol
- #57,620
- Jan 7, 2008 3:44pm Jan 7, 2008 3:44pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
thanks yeah i still like the looks of it.... have my stop in a great spot i think(moved her back to -15) so i am willing to take the -15 for the potetial upside here if like u said she makes it through the various emas (resistances) could go for more than i was looking for.... will tp accordingly if it works out....as i decided to be greedy he he
Yea, geppy is a great mover, love/hate relationship. I've leaqrned never underestimate that dirty rotten dkfhasdkh for she can leave tons on the table, and if she goes bad small losses and try again, but if she goes just find something else to trade and dont even watch it for days.
"Millionaires don't use astrology, billionaires do"