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

  • #60,541
  • Jan 30, 2008 5:27pm Jan 30, 2008 5:27pm
Well I only have one thing to say about todays rate cut.

Attached Image


Worst market reaction ever
  • #60,542
  • Jan 30, 2008 5:33pm Jan 30, 2008 5:33pm
Quoting Michi
So did you make 180 pips again ?
Nice catch there buddy
147 this time. Didn't think it would drop further. I love these stupid markets lol
  • #60,543
  • Jan 30, 2008 5:43pm Jan 30, 2008 5:43pm
Quoting ovaforty
here is the 4 hour chart again. you can see the 100 sma was breached and retraced a bit. We will have a new 4 hour candle in one hour. If we get a 4 hour candle close below this 100 sma, then it is bearish to previous support (red line) around 210.30 area or to the 55 sma (brown sma) around 210 area where my TP is located.
Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #60,544
  • Jan 30, 2008 5:46pm Jan 30, 2008 5:46pm
ok ok....4hr double top....a break below about 209.43....and i see it going down to retest about 204.7

it's also trading below yesterday's doji-lookin candle, and will prob break below the two other doji-lookin candles before that....lot of reversal momentum for a continuation downward it seems

word??
The odds are on my side; let's hope they stay that way!!!
  • #60,545
  • Jan 30, 2008 5:46pm Jan 30, 2008 5:46pm
Quoting markam
Well I only have one thing to say about todays rate cut.

Attachment

Worst market reaction ever
Hey markam. I thought you would be on some Island in the Caymans earning 20%.

How's it going?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,546
  • Jan 30, 2008 5:51pm Jan 30, 2008 5:51pm
Quoting jarroo
Hey markam. I thought you would be on some Island in the Caymans earning 20%.

How's it going?

Jim
Not yet. Just don't have much time to trade or play here.
  • #60,547
  • Jan 30, 2008 5:59pm Jan 30, 2008 5:59pm
Quoting markam
Not yet. Just don't have much time to trade or play here.
If only I would have listen to you when you were shorting around the 240.00 level.
Indicators show the past. Price Action "Indicates" the future.
  • #60,548
  • Jan 30, 2008 6:01pm Jan 30, 2008 6:01pm
Quoting Scrat
i don't usually post in this thread, but i couldn't help myself with this ... anyway, just wanted to point out that you got yourself a pretty nice combo . keep it up!

p.s. 7 works as well as 6. if you want to give it a try, watch smaller timeframes such as M1/M5.
you too ...
Discipline + Patience - Fear - Greed = Success
  • #60,549
  • Jan 30, 2008 6:04pm Jan 30, 2008 6:04pm
re: the Demark Trendline indicator......

What do I change to 7 ?
In the Preferences of the Indicator, it just say line width, etc.....

Which line, in the preference do we change to 7 ?

thanks,
kj
  • #60,550
  • Jan 30, 2008 6:10pm Jan 30, 2008 6:10pm
Quoting jarroo
If only I would have listen to you when you were shorting around the 240.00 level.
Feel free to short now. My next target is 175 by this summer.
  • #60,551
  • Jan 30, 2008 6:11pm Jan 30, 2008 6:11pm
Download the other indicator in post #60503, I had trouble too.
Quoting kujo17
re: the Demark Trendline indicator......

What do I change to 7 ?
In the Preferences of the Indicator, it just say line width, etc.....

Which line, in the preference do we change to 7 ?

thanks,
kj
FF journal: Peaks and Troffs
  • #60,552
  • Jan 30, 2008 6:15pm Jan 30, 2008 6:15pm
hellooooooo????

what does everybody think GJ is doing....or going to do in time...i havent seen any analysis lately
The odds are on my side; let's hope they stay that way!!!
  • #60,553
  • Jan 30, 2008 6:21pm Jan 30, 2008 6:21pm
Quoting Scrat
i don't usually post in this thread, but i couldn't help my... t wanted to point out that you got yourself a pretty nice combo . keep it up!

p.s. 7 works as well as 6. if you want to give it a try, watch smaller timeframes such as M1/M5.
As you can see in picture, market breaks lower trend line of demark indicator and fib levels at the same time, so this can be a very powerful and reliable breakout signal. The targets set by demark indicator worked fine because they where right on fib extension levels.

I'm just working on this combination. I think it is accurate and reliable.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: demark_fib.gif Size: 26 KB
Discipline + Patience - Fear - Greed = Success
  • #60,554
  • Jan 30, 2008 6:32pm Jan 30, 2008 6:32pm
Quoting arezab
As you can see in picture, market breaks lower trend line of demark indicator and fib levels at the same time, so this can be a very powerful and reliable breakout signal. The targets set by demark indicator worked fine because they where right on fib extension levels.

I'm just working on this combination. I think it is accurate and reliable.

Cheers
like any sytem...workd great ehn market is trening...and i usually very reliable...but dont count on it every time ...it can bite u in a ranging market sometimes ..... but great stuff ....glad to see u on board!
  • #60,555
  • Jan 30, 2008 6:34pm Jan 30, 2008 6:34pm
Quoting markam
Feel free to short now. My next target is 175 by this summer.

I think I laughed back then too. And guess who's laughing now.


Ive entered short at 212.34. S/R level.
Indicators show the past. Price Action "Indicates" the future.
  • #60,556
  • Jan 30, 2008 7:01pm Jan 30, 2008 7:01pm
We still think we're south bound?

I need to exit if we're turnin....
  • #60,557
  • Jan 30, 2008 7:07pm Jan 30, 2008 7:07pm
Quoting JasonGuillen
We still think we're south bound?

I need to exit if we're turnin....
This is a long term bear market. If you can't handle the 300-400 pip swings which are bound to happen, then you shouldn't enter. There will always be rallies every now and then.. but the general sentiment of the market is still negative.

So don't bet your house and car.. on a 100:1 margin trade.. and short GJ :
  • #60,558
  • Jan 30, 2008 7:08pm Jan 30, 2008 7:08pm
Quoting JasonGuillen
We still think we're south bound?

I need to exit if we're turnin....
Up to 212.2 or 212.85 area, imo

Long from 210.55

I think she'll turn from there and head south to 204 or lower.
  • #60,559
  • Jan 30, 2008 7:52pm Jan 30, 2008 7:52pm
Quoting kujo17
Up to 212.2 or 212.85 area, imo

Long from 210.55

I think she'll turn from there and head south to 204 or lower.

Nice entry Kujo. Prices have been starting to consolidate above the 210.30 weekly pivot area for pass 1 week. We could c up 212.80.

Attached Image (click to enlarge)
Click to Enlarge Name: gj-31-1-08.gif Size: 23 KB
Monthly Profit & Lost :- May - +85 pips
  • #60,560
  • Jan 30, 2008 8:01pm Jan 30, 2008 8:01pm
Hi Markam or shud i say Mr.Markam

Thank you ever so much for your sell trade opinion which i value highly. Have a question - I am on MG and they charge today $105 for o/nght swap (it was $140) last week. How can you make sell trades of that lenght of time 4-5 months and make that pay with such huge swaps. Have been trading for 18 months and the huge swaps spoil the fun/profits.

thanks again - regards novice
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