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

  • #57,761
  • Jan 8, 2008 8:59am Jan 8, 2008 8:59am
Quoting quecee5
Nicely put =
Although, the captain has not abandon the ship, he's just away devising a bigger and better plan to share amongst his crew. . .
I second that
  • #57,762
  • Jan 8, 2008 9:05am Jan 8, 2008 9:05am
Quoting quecee5
Nicely put =
Although, the captain has not abandon the ship, he's just away devising a bigger and better plan to share amongst his crew. . .
I hope it's simplier for my simple mind. I'm still trying to figure out
how to open the .mt4 and .exe files. I was left ashore long ago. lol
  • #57,763
  • Jan 8, 2008 9:10am Jan 8, 2008 9:10am
Quoting fourxtrader
I hope it's simplier for my simple mind. I'm still trying to figure out
how to open the .mt4 and .exe files. I was left ashore long ago. lol
A couple of hours absorbing the contents of the Helpfile that comes with MT4 + the Metatrader Forum at FF could clear a lot of cobwebs in the mind. Also practising on demo for a couple of days really helps as well. Atleast thats how I did it.
  • #57,764
  • Jan 8, 2008 9:12am Jan 8, 2008 9:12am
Dow is rallying...UJ following, in the face of a terrible pending home sales report. Strange........
  • #57,765
  • Jan 8, 2008 9:15am Jan 8, 2008 9:15am
Mastering this market may require only a price chart and one
or two indicators along with a great deal of MM and patience.

It'll be interesting to see what captain A has for his band of castaways.
  • #57,766
  • Jan 8, 2008 9:17am Jan 8, 2008 9:17am
Quoting FX-Petra
Dow is rallying...UJ following, in the face of a terrible pending home sales report. Strange........
I was thinking the same thing as I had my hand on the sell button but decided to just watch for a min. and its paying off. . .
  • #57,767
  • Jan 8, 2008 9:22am Jan 8, 2008 9:22am
hmmmmm....Human nature I would say...Simplifying the Complicated...Complicating the simplified things in life...
  • #57,768
  • Jan 8, 2008 9:23am Jan 8, 2008 9:23am
It may be a choppy ride up but this trade looks good for 1st target @ 216.75 then 217.65, possibly 218.15 before heading back south.
  • #57,769
  • Jan 8, 2008 9:23am Jan 8, 2008 9:23am
If the next t/l breaks longs will look good. The upper trend line though is from the daily and may be strong resistance.
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  • #57,770
  • Jan 8, 2008 9:25am Jan 8, 2008 9:25am
We could be going into "Fed Mode", which means the worse the news is, the higher the Dow rallies because it brings us closer to a 50 bp cut at the end of January. Vice-versa for good news. It is crazy logic, and 3 weeks prior to Fed action seems a little early to me, but we may now be entering "reverse logic" zone until after the announcement----we will see.
  • #57,771
  • Jan 8, 2008 9:27am Jan 8, 2008 9:27am
I like that chart, like it a lot

R

Quoting Wolf.
On a line chart the t/l coincides nicely with the pivot.
  • #57,772
  • Jan 8, 2008 9:28am Jan 8, 2008 9:28am
What do you guys think about it being rejected from the top of the channel/downtrending line, as the previous high missed my short order by 10 pips...
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Has what you wanted to see made you blind?
  • #57,773
  • Jan 8, 2008 9:33am Jan 8, 2008 9:33am
1hr gann @ 216.70 providing good resistance for now...
  • #57,774
  • Jan 8, 2008 9:36am Jan 8, 2008 9:36am
Quoting forexnovice
1hr gann @ 216.70 providing good resistance for now...
right.. guess it's got to get there first
Has what you wanted to see made you blind?
  • #57,775
  • Jan 8, 2008 9:38am Jan 8, 2008 9:38am
Is the gpy will hit 214 ???
  • #57,776
  • Jan 8, 2008 9:40am Jan 8, 2008 9:40am
:surprised 38 pips on gu shorts in the time it took to refill the coffee mug !!
FUBAR...
  • #57,777
  • Jan 8, 2008 9:40am Jan 8, 2008 9:40am
Quoting Dunkan
right.. guess it's got to get there first
Clearance of the 1hr gann opens the door for 218 & higher imo. Good chart
  • #57,778
  • Jan 8, 2008 9:41am Jan 8, 2008 9:41am
Quoting Dunkan
right.. guess it's got to get there first
Actually, my 1hr chart shows it touched 216.74 and got rejected but I think we will see the top of the trend line @ 217.64 or higher this time ar'd.

I'm letting this trade run to the end of the NY session because I have a feeling we will get an end of the day boost from the DOW that could drive price through that trend line. . .
  • #57,779
  • Jan 8, 2008 9:44am Jan 8, 2008 9:44am
Quoting Nfgaxp
Is the gpy will hit 214 ???
Eventually =
  • #57,780
  • Jan 8, 2008 9:53am Jan 8, 2008 9:53am
Quoting forexnovice
Clearance of the 1hr gann opens the door for 218 & higher imo. Good chart
Thanks. I think we may see something higher up as well, but since this thing loves to trade off trendlines, I thought we should see some pressure on approach to that line, (weekly pivot also around that area) and I suppose we did and I just missed it.
Has what you wanted to see made you blind?
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