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

  • #60,221
  • Jan 27, 2008 8:09pm Jan 27, 2008 8:09pm
Heh. Simo-post
  • #60,222
  • Jan 27, 2008 8:19pm Jan 27, 2008 8:19pm
Quoting jarroo
209.30 is in sight. But we may get a bounce up on the 210.00.

Life is Good.

Jim
So much for the 210.00 bounce. :surprised
Indicators show the past. Price Action "Indicates" the future.
  • #60,223
  • Edited 8:31pm Jan 27, 2008 8:20pm | Edited 8:31pm
May be time to enter again.

Stalling a bit here though....
  • #60,224
  • Jan 27, 2008 8:22pm Jan 27, 2008 8:22pm
My long G/J senses are tingling

It happened around 210... I'll start opening some longs right below 210 up until 209.5.
  • #60,225
  • Jan 27, 2008 8:28pm Jan 27, 2008 8:28pm
Quoting JasonGuillen
May be time to enter again.
Good point. If this was the london session I would have.

210.00 is a minor S/R level in my book. But that may change.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,226
  • Jan 27, 2008 8:35pm Jan 27, 2008 8:35pm
1h and 4h QQE and Stochs are still pointing WAY down......

I'll TP at 209.5, but this may go lower.
213, 212,211 to 209.5.....good way to start the week.
  • #60,227
  • Jan 27, 2008 8:40pm Jan 27, 2008 8:40pm
How's that trade coming along , Jason?
Indicators show the past. Price Action "Indicates" the future.
  • #60,228
  • Jan 27, 2008 8:41pm Jan 27, 2008 8:41pm
I WAS aiming at 209.40....

But wondering of I should hold longer.

You absolutely called it. Good job. I owe you a night out. It can apparently be an expensive one.
  • #60,229
  • Jan 27, 2008 8:45pm Jan 27, 2008 8:45pm
Quoting JasonGuillen
I WAS aiming at 209.40....

But wondering of I should hold longer.
Lock in some profits and let it ride. You do not want to close out now and then it falls to 207.00.
Indicators show the past. Price Action "Indicates" the future.
  • #60,230
  • Jan 27, 2008 8:50pm Jan 27, 2008 8:50pm
I think every order I entered above 210 I will stoploss out at just above that point. I see the S/R there...
  • #60,231
  • Edited 9:02pm Jan 27, 2008 8:51pm | Edited 9:02pm
Quoting jarroo
Lock in some profits and let it ride. You do not want to close out now and then it falls to 207.00.
What this means by definition is that you want to give your trade a chance to catch a big run. Now I've locked in 120 pips but if I close right now I would make about 185 pips. So if price moves up right now and takes me out. I DON"T CARE.

I will continue to watch price action for signs of reversal.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,232
  • Jan 27, 2008 8:52pm Jan 27, 2008 8:52pm
Quoting JasonGuillen
I think every order I entered above 210 I will stoploss out at just above that point. I see the S/R there...
Good eye. I see it too.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,233
  • Jan 27, 2008 8:55pm Jan 27, 2008 8:55pm
Quoting jarroo
What this means by definition is that you want to give you trade a chance to catch a big run. Now I've locked in 120 pips but if I close right now I would make a 185 pips. So if price moves up right now a takes me out. I DON"T CARE.

I will continue to watch price action for signs of reversal.

Jim
Listen to this man, always protect ur profits and use a stoploss locking em in.. after that it is a FREE FREE FREE FREE FREE trade, in other words YOU DON'T LOSE A CENT lol
Trade what you see, not what you think.
  • #60,234
  • Jan 27, 2008 8:56pm Jan 27, 2008 8:56pm
short from 213, 212, 211 and about to hit my 209.5 TPs........

just a few more....... come on.....

but not sure here. 1H still pointing way south on the QQE and ZL Stoch.
  • #60,235
  • Jan 27, 2008 8:58pm Jan 27, 2008 8:58pm
Quoting karmostaji
Listen to this man, always protect ur profits and use a stoploss locking em in.. after that it is a FREE FREE FREE FREE FREE trade, in other words YOU DON'T LOSE A CENT lol
Indicators show the past. Price Action "Indicates" the future.
  • #60,236
  • Jan 27, 2008 9:06pm Jan 27, 2008 9:06pm
Money locked in. Sitting back and riding.

What an awesome start to the trading week!!

YOu guys have already made my week!!
  • #60,237
  • Jan 27, 2008 9:14pm Jan 27, 2008 9:14pm
Quoting JasonGuillen
Money locked in. Sitting back and riding.

What an awesome start to the trading week!!

YOu guys have already made my week!!
No dobut bud.
I doubled my 'slush fund' account since mid day on Friday......
  • #60,238
  • Edited 10:00pm Jan 27, 2008 9:15pm | Edited 10:00pm
Well, stopped out. Saved my money though!!!

Where do we think from here?

I think it's about time to bounce, but won't be awake to see if I'm right.

We know it's coming.....but when?
  • #60,239
  • Jan 27, 2008 9:18pm Jan 27, 2008 9:18pm
Quoting shahroodi
as i said before,if price closed above 4hr 50ema then least will reach to 4hr 100sma.
now price reached that area and breached it.
as see in chart,next target is 4hr 200ema at 217 area,but this target now is so far,and before that there is the weekly 5sma(close) at 214.50 area.and also in that are there is 38.2% fibs line form last bearish run(form 230.30 area to 214.60 are).
so based on this explain we may have this scenario:
price will reach to 214.50 area(that is a strong resistance) and because of QQE5 in 15min,30min and 1hr chart is at oversold are and QQE5 IN 4HR chart is at near oversold area,and because from this upward run,we still didn't see any significant retrace,then price may start a retrace from 214.50 are to 4hr 50ema.
after that we have a bounce from 4hr 50ema and price will reach 217 area,where is 50% fibs line of last bearish run.


ps:you must consider the QQE5 AND MOMENTOM 10C action,when price reach to areas i said.
so plz keep in mind,trade what you see not what you think
so let see price can close below that area or bounce form that http://qsmile.com/qsimages/73.gif
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  • #60,240
  • Jan 27, 2008 9:18pm Jan 27, 2008 9:18pm
Quoting JasonGuillen
Money locked in. Sitting back and riding.

What an awesome start to the trading week!!

YOu guys have already made my week!!
And it all started with Price Action. Not indicators.

Indicators are tools for Price Action.

I'm not a indicator guy, as you can tell.

Jim
Indicators show the past. Price Action "Indicates" the future.
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