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

  • #61,401
  • Feb 12, 2008 2:56am Feb 12, 2008 2:56am
short g/j targeting fib level 207.80 and below.
  • #61,402
  • Feb 12, 2008 2:56am Feb 12, 2008 2:56am
Quoting KrazyD
is anybody long gy short-term? New to forex. Had a good long but its quickly changing on me. Thanks for some advice.
I believe Karmo is playing the longs side and a few others. . .
  • #61,403
  • Feb 12, 2008 3:03am Feb 12, 2008 3:03am
Quoting lyy.sg
well someone's making pips..
Its been a good start to Feb. Last month was very good. The funny thing is, I'm the only one that has losses.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #61,404
  • Feb 12, 2008 3:04am Feb 12, 2008 3:04am
well, there went my pips! I think its time for a class. Thanks for your advice. I look at the charts, but obviously don't know what I am looking at!! thanks for the advice...
  • #61,405
  • Feb 12, 2008 3:10am Feb 12, 2008 3:10am
Whats up Q u awake?
  • #61,406
  • Feb 12, 2008 3:12am Feb 12, 2008 3:12am
Quoting KrazyD
is anybody long gy short-term? New to forex. Had a good long but its quickly changing on me. Thanks for some advice.
Depends on where and why you went long. Gotta chart?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #61,407
  • Feb 12, 2008 3:13am Feb 12, 2008 3:13am
Hello everybody

any thoughts before news? if we will get very good news will it be only a spike on g/j or we will continue up?
  • #61,408
  • Feb 12, 2008 3:14am Feb 12, 2008 3:14am
yes, i am long to 209.57. after my target is hit, i'll see... IF bias is still bullish, then 211.64 and 213.70. however, this is short term. i still think we're going down big time in the near future.

Quoting KrazyD
is anybody long gy short-term? New to forex. Had a good long but its quickly changing on me. Thanks for some advice.
Nihil Sine Deo.
  • #61,409
  • Feb 12, 2008 3:21am Feb 12, 2008 3:21am
Quoting vinesh2
Whats up Q u awake?
Yeah, couldn't sleep. . . Just up updating the charts with new daily targets.
  • #61,410
  • Feb 12, 2008 3:25am Feb 12, 2008 3:25am
Hi Jim...I went long at 208.85. My target was 209.42. I am out now. I shoulda taken the pips! I always take too soon or let it go into a loss. I guess this is the learning part of it all. I can see it going down as well. Thanks.
  • #61,411
  • Feb 12, 2008 3:25am Feb 12, 2008 3:25am
Price Action on the Weekly. Inside Bar - Week 1-27-08. Guess what the low of that week is? You guess it. 208.84.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #61,412
  • Feb 12, 2008 3:27am Feb 12, 2008 3:27am
Quoting KrazyD
Hi Jim...I went long at 208.85. My target was 209.42. I am out now. I shoulda taken the pips! I always take too soon or let it go into a loss. I guess this is the learning part of it all. I can see it going down as well. Thanks.
Have you read any thing about Price Action?
Indicators show the past. Price Action "Indicates" the future.
  • #61,413
  • Feb 12, 2008 3:36am Feb 12, 2008 3:36am
I have read about price action...please detail your meaning by the question thanks...So hows a short gy sound after 207.80 level?
  • #61,414
  • Feb 12, 2008 3:38am Feb 12, 2008 3:38am
Quoting KrazyD
I have read about price action...please detail your meaning by the question thanks...So hows a short gy sound after 207.80 level?
Can I ask you why you went long at 208.85?
Indicators show the past. Price Action "Indicates" the future.
  • #61,415
  • Feb 12, 2008 3:46am Feb 12, 2008 3:46am
Vinesh2, what time is it where u are?
  • #61,416
  • Feb 12, 2008 3:47am Feb 12, 2008 3:47am
Quoting KrazyD
I have read about price action...please detail your meaning by the question thanks...So hows a short gy sound after 207.80 level?
Go to this thread http://www.forexfactory.com/showthread.php?t=2331
The James16 Chart Thread and spend about a month or two in there, Then we'll talk.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #61,417
  • Feb 12, 2008 4:07am Feb 12, 2008 4:07am
Quoting jarroo
Price Action on the Weekly. Inside Bar - Week 1-27-08. Guess what the low of that week is? You guess it. 208.84.
and an outside bar on the week of 20th that hasn't been triggered in either directions
  • #61,418
  • Feb 12, 2008 4:16am Feb 12, 2008 4:16am
Here is my chart for today. . . Daily pivots have been update!

One thing on this chart has been very clear and that is there is strong resistance @ 209.40 since Feb 6th for now! Each attempt to break thru has been met with a long bear candle south which presented a very good shorting opportunity! But heh, that's just what I see. . .

If I was looking to go long short-term, I would wait for a break above 209.90 area meaning. . . 4hr candle close above weekly pivot/209.40 resistance, 4hr qqe5 crossed up (above 50), ZL Stoch crossed up, TT above zero. . . That is if u r not already in at the bottom like Karmo and others. . . That move would probably be good to at least weekly R1. . .

Otherwise GJ is a sell on the rallies. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart updated.gif Size: 44 KB
  • #61,419
  • Feb 12, 2008 4:20am Feb 12, 2008 4:20am
Quoting zoheir
and an outside bar on the week of 20th that hasn't been triggered in either directions
Correct. An Outside Bullish Bar. Then an Inside Bar which broke to the down side with the over all down trend.
These pivot zones or S/R levels can be exploited with practise. My strategy is take longs with tight stops and shorts with bigger stops. Lockin profits quickly on the long side, let profits ride on the short side.
Indicators show the past. Price Action "Indicates" the future.
  • #61,420
  • Feb 12, 2008 4:25am Feb 12, 2008 4:25am
theres an inverted head and shoulders on the 3 hour if we break neckline we could see a 3-4 hundred pip move to the upside
Fear's for the other guy
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