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

  • #61,001
  • Feb 5, 2008 2:37pm Feb 5, 2008 2:37pm
Food for thought. . .

GJ price just made a higher low than the previous low on February 1st. . .
Until I see price go below this low, I am not conviced that price is headed to new lows. . .

It may be that price ducked low to run stops and we could see price attempt to go higher again in the short term.
  • #61,002
  • Feb 5, 2008 2:40pm Feb 5, 2008 2:40pm
Price is still above the daily gann hilo, as long as it stays above this daily gann, current trend is up. Keep it stupid & simple my friends.
Trade what you see, not what you think.
  • #61,003
  • Feb 5, 2008 2:42pm Feb 5, 2008 2:42pm
Quoting karmostaji
Price is still above the daily gann hilo, as long as it stays above this daily gann, current trend is up. Keep it stupid & simple my friends.
My thoughts exactly! Are u a buyer?
  • #61,004
  • Feb 5, 2008 2:44pm Feb 5, 2008 2:44pm
Quoting quecee5
My thoughts exactly! Are u a buyer?
I just did an hour ago after making some pips selling earlier today, enjoying the pips up n down.
Trade what you see, not what you think.
  • #61,005
  • Feb 5, 2008 2:44pm Feb 5, 2008 2:44pm
Q,

I noticed that too.
It's plain as day on the 4H.

But, we have what appears to be Negative GBP news later today and what appears to be positive JPN news later as well.

Wouldn't you assume another push down, just due to the news effect ?
Or at least be aware that this higher low could be over thrown in a few hours, if the news comes out this way ?

Both the last big pushes down were news based.

k
  • #61,006
  • Feb 5, 2008 2:48pm Feb 5, 2008 2:48pm
price is below the Gann HL on the daily now....
it's at that point of indecision.
  • #61,007
  • Feb 5, 2008 2:48pm Feb 5, 2008 2:48pm
Depending on the daily close, Im going to have to look for more shorts. Its closing as a bearish bar at the moment. We just have to wait for it to close.
I dream, therefore I become.
  • #61,008
  • Feb 5, 2008 2:50pm Feb 5, 2008 2:50pm
Quoting kujo17
Q,

I noticed that too.
It's plain as day on the 4H.

But, we have what appears to be Negative GBP news later today and what appears to be positive JPN news later as well.

Wouldn't you assume another push down, just due to the news effect ?
Or at least be aware that this higher low could be over thrown in a few hours, if the news comes out this way ?

Both the last big pushes down were news based.

k
I agree, I will be watching daily hi/lo gann very closely which I think will give us an indication if price is headed lower. . .
  • #61,009
  • Feb 5, 2008 2:52pm Feb 5, 2008 2:52pm
Quoting kujo17
price is below the Gann HL on the daily now....
it's at that point of indecision.
We need it to close below it. . . .
  • #61,010
  • Feb 5, 2008 3:04pm Feb 5, 2008 3:04pm
Quoting quecee5
We need it to close below it. . . .
of course. that's what I want.

I'm short from 212 and 211 and 210.8

TP'ing 208 and as it gets close, I'll reasses.

It was just at that point where it jumped above/below/above/below, right when I saw yours and Karmo's post about it being above.....

  • #61,011
  • Feb 5, 2008 3:06pm Feb 5, 2008 3:06pm
Quoting kujo17
price is below the Gann HL on the daily now....
it's at that point of indecision.
I don't see that, what's the setting of your Gann Hilo?
Trade what you see, not what you think.
  • #61,012
  • Feb 5, 2008 3:07pm Feb 5, 2008 3:07pm
Input setting of 10 on the MT4 Gann HL Activator.

it's at 209.78 on the Gann and price is dangling at 209.64

Should I use a different setting ?
Been using this for a while now.
  • #61,013
  • Feb 5, 2008 3:11pm Feb 5, 2008 3:11pm
Quoting kujo17
Input setting of 10 on the MT4 Gann HL Activator.

it's at 209.78 on the Gann and price is dangling at 209.64

Should I use a different setting ?
Been using this for a while now.
I see, I use VTtrader charts for auslanco's method so that's why we have different feeds, my daily gann hilo is around 209.20 and setting is the same which is 10
Trade what you see, not what you think.
  • #61,014
  • Feb 5, 2008 3:13pm Feb 5, 2008 3:13pm
so wats the price at we want it to close at?
  • #61,015
  • Feb 5, 2008 3:14pm Feb 5, 2008 3:14pm
wow, a 55 pip difference.
Is this normal ?

use the lower # to be safe maybe ?
209.7760 on MT4
209.2 on VT huh... wow.
  • #61,016
  • Feb 5, 2008 3:15pm Feb 5, 2008 3:15pm
I'm still looking at the news being a bigger issue.
I know it's only 'moderate' news, but if the CCI is lower than expected and the Leading Index is big for JY, could mean the push to 208 or lower.

Still short from 212, 211 and 210.81
  • #61,017
  • Edited 4:48pm Feb 5, 2008 3:47pm | Edited 4:48pm
Quoting hcruces
so wats the price at we want it to close at?
It widely depends on your position (short or long). . .

If you are short then you would like price to close below daily hi/lo gann. If you are long then u want price to close above (or stay above) daily hi/lo gann. On my platform price is currently trading below daily hi/lo gann. On Karmo's platform price is trading above daily hi/lo gann. . .

This will give clues if GJ will see further selling or could be a buying opportunity for some. . .

Hope this helps
  • #61,018
  • Feb 5, 2008 4:50pm Feb 5, 2008 4:50pm
ovaforty,

u in any position right now?
  • #61,019
  • Feb 5, 2008 5:34pm Feb 5, 2008 5:34pm
Quoting quecee5
ovaforty,

u in any position right now?
i am short
  • #61,020
  • Feb 5, 2008 5:37pm Feb 5, 2008 5:37pm
I am looking for test of friday's low and waiting for new daily candle. I was long until the ISM leaked then I shorted and got stopped out on my longs. Made up my losses luckily by acting quickly.
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