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

  • #59,981
  • Jan 23, 2008 3:25pm Jan 23, 2008 3:25pm
anyone need a bandaid?
"Millionaires don't use astrology, billionaires do"
  • #59,982
  • Jan 23, 2008 3:30pm Jan 23, 2008 3:30pm
Quoting OrionsWay
anyone need a bandaid?

well looks like it was in the stars after all ! nice charting friend
  • #59,983
  • Jan 23, 2008 3:37pm Jan 23, 2008 3:37pm
I need a bandid! Overall trend is still down but it sure is frustrating
  • #59,984
  • Jan 23, 2008 3:38pm Jan 23, 2008 3:38pm
Quoting OrionsWay
anyone need a bandaid?
to hold my wallet closed ! ;- )
  • #59,985
  • Jan 23, 2008 3:44pm Jan 23, 2008 3:44pm
Quoting vinesh2
Anyone seeing a hammer candle being created on the DAILY?
Check out the Pin Bar forming on the weekly. If it forms out at the end of the week, it could be a profitable long trade.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #59,986
  • Jan 23, 2008 3:49pm Jan 23, 2008 3:49pm
Quoting jarroo
Check out the Pin Bar forming on the weekly. If it forms out at the end of the week, it could be a profitable long trade.

Jim
By the way Gbpusd has that same potential on weekly if it closes above 530 area.
  • #59,987
  • Jan 23, 2008 3:53pm Jan 23, 2008 3:53pm
Quoting quecee5
Yep, best to stay out when you are tired, but remember we just made a lower high @ 210.45 from the high before @ 212.50. . . Price shouldn't go any higher so I'm thinking whenever it goes back up it should challenge b/n 207-209 area then back down again. Price will eventually hit 200 because fundamentals have not change. We are in a downtrend market so its best to. . .

Sell all rallies (not buy) in a downtrend, let charts tell you when it time to buy long-term and trade with the trend because TREND IS YOUR FRIEND!
Price should top out as stated in my earlier post. . .
  • #59,988
  • Jan 23, 2008 3:59pm Jan 23, 2008 3:59pm
Quoting quecee5
Price should top out as stated in my earlier post. . .

Yeah im with you on that one mate. I would like any feedback on my chart below. I see resistance coming in up here, and think that after some consoldation we should have a great short opportunity in mid-late asia session. Any feedback welcomed.
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"If it bleeds ... we can kill it"
  • #59,989
  • Jan 23, 2008 4:04pm Jan 23, 2008 4:04pm
Also some negative US economic data would help the GJ down again. I think what we saw today was moslty short covering. Big boys just want to raise the price so that they can sell the sucker
  • #59,990
  • Jan 23, 2008 4:05pm Jan 23, 2008 4:05pm
Quoting MMDealer
Yeah im with you on that one mate. I would like any feedback on my chart below. I see resistance coming in up here, and think that after some consoldation we should have a great short opportunity in mid-late asia session. Any feedback welcomed.

i am thinking like u guys and q stated ealier lower low today then lower high on retrace.... so next move if this remails the highest it goes...should be down at least it seems that way on the chart here ... i will wait till asia to see what happens there first if it breaks through the channel upside which is doubtful but possible then we reconsider our bias
  • #59,991
  • Jan 23, 2008 4:08pm Jan 23, 2008 4:08pm
Quoting quecee5
Price should top out as stated in my earlier post. . .
1st stop for price is 207.88, then 206.70 then it should drift from there. . .
I'm short @ 208.92 and plan to continue to short up to 210 if it gets that high. . .

Sell/short on all rallies in a down trend market, hell you know the rest. . . It ends with trend is your friend!

See you all 2morrow. . . Will post a chart then!
  • #59,992
  • Jan 23, 2008 4:10pm Jan 23, 2008 4:10pm
Quoting quecee5
1st stop for price is 207.88, then 206.70 then it should drift from there. . .
I'm short @ 208.92 and plan to continue to short up to 210 if it get that high. . .

Sell/short on all rallies in a down trend market, hell you know the rest. . . It ends with trend is your friend!

See you all 2morrow. . . Will post a chart then!
I doubt it will see much higher, but Im in the same boat as you. Nothing's changed and we are still in a downtrend. I look to see lower levels again by the end of the week. We got an hourly pin by the way, and according to my analysis, it's at a key resistance level.
I dream, therefore I become.
  • #59,993
  • Jan 23, 2008 4:13pm Jan 23, 2008 4:13pm
Quoting quecee5
1st stop for price is 207.88, then 206.70 then it should drift from there. . .
I'm short @ 208.92 and plan to continue to short up to 210 if it gets that high. . .

Sell/short on all rallies in a down trend market, hell you know the rest. . . It ends with trend is your friend!

See you all 2morrow. . . Will post a chart then!

rofl ... we know it by heart now ty! good stuff q
  • #59,994
  • Jan 23, 2008 4:13pm Jan 23, 2008 4:13pm
We couldn't break resistance and so I think we are headin back south. Nice stuff Quecee.
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I dream, therefore I become.
  • #59,995
  • Jan 23, 2008 4:16pm Jan 23, 2008 4:16pm
Quoting mike w
We couldn't break resistance and so I think we are headin back south. Nice stuff Quecee.

i'm with u guys
  • #59,996
  • Jan 23, 2008 4:20pm Jan 23, 2008 4:20pm
Anyone see the dragonfly doji forming on the daily?
Fear's for the other guy
  • #59,997
  • Jan 23, 2008 4:28pm Jan 23, 2008 4:28pm
and g/j u/j and g/u are all setting up descending triangles on the 3 hours
Fear's for the other guy
  • #59,998
  • Jan 23, 2008 4:29pm Jan 23, 2008 4:29pm
Quoting mrhurley1
Anyone see the dragonfly doji forming on the daily?

no what is this ? dragonfly about? show a chart tell us what u see and what u think it means
  • #59,999
  • Jan 23, 2008 4:30pm Jan 23, 2008 4:30pm
Quoting mrhurley1
Anyone see the dragonfly doji forming on the daily?
Quote
Anyone seeing a hammer candle being created on the DAILY?


I don't like that fact that it is not at the end of the trend. Hammer/dragonfly is in a three day range.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,000
  • Jan 23, 2008 4:31pm Jan 23, 2008 4:31pm
Quoting mrhurley1
and g/j u/j and g/u are all setting up descending triangles on the 3 hours

can u post a chart or at least tell us what this decednding triangle means to u ty
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