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

  • #58,961
  • Edited 4:55am Jan 14, 2008 4:38am | Edited 4:55am
Gj oversold on 15min with bullish divergence.

Like Dagoods suggested earlier, longs are suicidal unless one is good at scalping.
Looking to sell rallies (retracements).
Attached Image (click to enlarge)
Click to Enlarge Name: 15mingj.gif Size: 11 KB
  • #58,962
  • Jan 14, 2008 4:55am Jan 14, 2008 4:55am
Quoting dagoods
i'm wondering if my balck fib target 1 on gj gets hit next??? still learning so who knows...but.....

PS i think it was a wedgie~! LOL

I think it touched your black line Fletch! I have been aching to go long but I think I am only short this month until we have a definite uptrend. Trading with the trend has helped...
  • #58,963
  • Jan 14, 2008 5:02am Jan 14, 2008 5:02am
tripple bottom on 5min?
Fear's for the other guy
  • #58,964
  • Jan 14, 2008 5:02am Jan 14, 2008 5:02am
Quoting Scalper
I think it touched your black line Fletch! I have been aching to go long but I think I am only short this month until we have a definite uptrend. Trading with the trend has helped...
isnt that a thing o beauty!

skunny rules

  • #58,965
  • Jan 14, 2008 5:03am Jan 14, 2008 5:03am
doughboi, check your pm
  • #58,966
  • Jan 14, 2008 5:15am Jan 14, 2008 5:15am
Quoting dagoods
isnt that a thing o beauty!

skunny rules

it amazes me that you seem new to fibs
  • #58,967
  • Jan 14, 2008 5:15am Jan 14, 2008 5:15am
Quoting turn1to100
doughboi, check your pm
k
  • #58,968
  • Jan 14, 2008 5:20am Jan 14, 2008 5:20am
Quoting doughboi
it amazes me that you seem new to fibs
PLEASE REFRAIN FROM CHILDISH COMMENTS....

Yes i am new to fibs...so what? be grateful for the gifts god has given you young man, for you know not what the future may hold. We were all young and cocky like you once.... it is not unique to you... maybe just maybe you do not know everything there is to know in life? just a thought...
  • #58,969
  • Jan 14, 2008 5:22am Jan 14, 2008 5:22am
Quoting dagoods
PLEASE REFRAIN FROM CHILDISH COMMENTS....

Yes i am new to fibs...so what? be grateful for the gifts god has given you young man, for you know not what the future may hold. We were all young and cocky like you once.... it is not unique to you... maybe just maybe you do not know everything there is to know in life? just a thought...
lol...where did that come from?
  • #58,970
  • Jan 14, 2008 5:24am Jan 14, 2008 5:24am
Dagoods, Quecee Pmed you both.
  • #58,971
  • Jan 14, 2008 5:26am Jan 14, 2008 5:26am
Quoting forexnovice
Dagoods, Quecee Pmed you.
What about me forexnovice? Why didnt I get a pm?lolol
  • #58,972
  • Jan 14, 2008 5:29am Jan 14, 2008 5:29am
Quoting ife
Markam Target...here we come!!!!!!
I am thinking not today. Right now dow futures are positive, so we may be looking at a short-term (like 1-day short-term) rebound in the market and a push back up in GJ.

Of course, using gold as a predictor, I would say that the stock market is going to crash hard today, and GJ is definitely going below 210. Right now, gold is acting very much the opposite of the stock market, and it is up almost 20 dollars from last night.
  • #58,973
  • Jan 14, 2008 5:35am Jan 14, 2008 5:35am
Same here sir...
GBP is weak(sell) and has a chance for small rebound just range for now 4-8am est.

ps if you have time look at my journal..hope all is well
Quoting markam
I am thinking not today. Right now dow futures are positive, so we may be looking at a short-term (like 1-day short-term) rebound in the market and a push back up in GJ.

Of course, using gold as a predictor, I would say that the stock market is going to crash hard today, and GJ is definitely going below 210. Right now, gold is acting very much the opposite of the stock market, and it is up almost 20 dollars from last night.
  • #58,974
  • Jan 14, 2008 5:35am Jan 14, 2008 5:35am
Quoting dagoods
PLEASE REFRAIN FROM CHILDISH COMMENTS....

Yes i am new to fibs...so what? be grateful for the gifts god has given you young man, for you know not what the future may hold. We were all young and cocky like you once.... it is not unique to you... maybe just maybe you do not know everything there is to know in life? just a thought...
...all i was saying was that from watching all of your post for a while, you seem like a pretty good and experienced trader and that it shocked me a little that you were new to using one of the most common and simple formulas in most peoples trading strategy?.....thats all

i am sorry if i come off as cocky or whatever negative perception's that are going through your mind, these are not my intentions.

p.s please do not talk down to me for that is something that i do not appreciate
  • #58,975
  • Jan 14, 2008 5:35am Jan 14, 2008 5:35am
Quoting markam
I am thinking not today. Right now dow futures are positive, so we may be looking at a short-term (like 1-day short-term) rebound in the market and a push back up in GJ.

Of course, using gold as a predictor, I would say that the stock market is going to crash hard today, and GJ is definitely going below 210. Right now, gold is acting very much the opposite of the stock market, and it is up almost 20 dollars from last night.

thanks markam! do u see the monthly 38 fib we are now basically sitting on as a place where gj now bounces up for a retrace?? becasue I think it is a distinct posssibility ....we will know soon.....
  • #58,976
  • Jan 14, 2008 5:37am Jan 14, 2008 5:37am
Can I have a vouch for 1k??
  • #58,977
  • Jan 14, 2008 5:41am Jan 14, 2008 5:41am
Quoting doughboi
...all i was saying was that from watching all of your post for a while, you seem like a pretty good and experienced trader and that it shocked me a little that you were new to using one of the most common and simple formulas in most peoples trading strategy?.....thats all

i am sorry if i come off as cocky or whatever negative perception's that are going through your mind, these are not my intentions.

p.s please do not talk down to me for that is something that i do not appreciate

ok lets kiss and make up then .... just difficult to perceive the flavor of the commentary with written word via forums i guess.... maybe i misunderstood... lets be friends.... and I always thought fibs were useless until i met skunny and he showed me the light...I used to think "oh if u draw enough fibs one of them will be correct but u cant know where to draw that one"....now skunny has shown me that YOU CAN know enough to do amazing things with fibs.....now i am amazed.... its all good...as far as experience you have shown me lately that you know far more than most, and i am sure you are far better than I at trading.... To me its also more philosophical and about learning and proggresing as a human...so to each his own

  • #58,978
  • Jan 14, 2008 5:41am Jan 14, 2008 5:41am
Quoting dagoods
thanks markam! do u see the monthly 38 fib we are now basically sitting on as a place where gj now bounces up for a retrace?? becasue I think it is a distinct posssibility ....we will know soon.....
I think the monthly 38.2 has been breached.
  • #58,979
  • Jan 14, 2008 5:43am Jan 14, 2008 5:43am
Quoting PipChick
I think the monthly 38.2 has been breached.

ah but has it? or has it only been penetrated? remember thats a pretty dang big fib there.....
  • #58,980
  • Jan 14, 2008 5:44am Jan 14, 2008 5:44am
Quoting dagoods
ok lets kiss and make up then .... just difficult to perceive the flavor of the commentary with written word via forums i guess.... maybe i misunderstood... lets be friends.... and I always thought fibs were useless until i met skunny and he showed me the light...I used to think "oh if u draw enough fibs one of them will be correct but u cant know where to draw that one"....now skunny has shown me that YOU CAN know enough to do amazing things with fibs.....now i am amazed.... its all good...as far as experience you have shown me lately that you know far more than most, and i am sure you are far better than I at trading.... To me its also more philosophical and about learning and proggresing as a human...so to each his own

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