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

  • #61,461
  • Feb 12, 2008 10:28am Feb 12, 2008 10:28am
Quoting karmostaji
Bulls are going to slaughter the bears in the coming weeks, patience.
Indicators show the past. Price Action "Indicates" the future.
  • #61,462
  • Feb 12, 2008 10:31am Feb 12, 2008 10:31am
Q, Weekley R1 on actionforex is showing up as 211.27 hmmmm
  • #61,463
  • Feb 12, 2008 10:33am Feb 12, 2008 10:33am
It trying hard to break the R2 210.70. I still favor bear as stoch is moving back downwards. Sit tight.

Attached Image (click to enlarge)
Click to Enlarge Name: gj price patternh4.gif Size: 27 KB
Monthly Profit & Lost :- May - +85 pips
  • #61,464
  • Feb 12, 2008 10:33am Feb 12, 2008 10:33am
Quoting vinesh2
Q, Weekley R1 on actionforex is showing up as 211.27 hmmmm
I've got weekly r1 as 212.17
Trade what you see, not what you think.
  • #61,465
  • Feb 12, 2008 10:34am Feb 12, 2008 10:34am
Quoting quecee5
Good long play Karmo. . . =
nice....count chart..karmo...
  • #61,466
  • Feb 12, 2008 10:34am Feb 12, 2008 10:34am
Quoting savant
It trying hard to break the R2 210.70. I still favor bear as stoch is moving back downwards. Sit tight.
in the forex world, we call it retracement
Trade what you see, not what you think.
  • #61,467
  • Feb 12, 2008 10:38am Feb 12, 2008 10:38am
I've read several times here people mentioning that price is below the daily gann etc.. FYI the price being below the gann without the QQE cross it is useless bcz price can easily go back above the gann, i'm just talking from my experience with these indicators. Just felt like mentioning it.. so pay attention to that next time and you'll get what I mean.
Trade what you see, not what you think.
  • #61,468
  • Feb 12, 2008 10:41am Feb 12, 2008 10:41am
Quoting karmostaji
in the forex world, we call it retracement
Aight aight sir! Seems like the bull is start killing again. Enjoy the green pips karmo.
Monthly Profit & Lost :- May - +85 pips
  • #61,469
  • Feb 12, 2008 10:59am Feb 12, 2008 10:59am
Quoting karmostaji
I've got weekly r1 as 212.17
Karmo, mine is @ 212.05 which is close. . .
  • #61,470
  • Feb 12, 2008 11:00am Feb 12, 2008 11:00am
Q, you checked out actionforex their weekley r1 is at 211.27 weired
  • #61,471
  • Feb 12, 2008 11:04am Feb 12, 2008 11:04am
Quoting vinesh2
Q, Weekley R1 on actionforex is showing up as 211.27 hmmmm
Vinesh2,

I only use actionforex.com for 4hr pivots (scalping), I have found that there HTF pivots doesn't correlate to the rest of the worlds . .

See enclosed. . .
Attached File(s)
File Type: pdf Pivots.pdf   150 KB | 453 downloads
  • #61,472
  • Feb 12, 2008 11:06am Feb 12, 2008 11:06am
Quoting quecee5
Vinesh2,

I only use actionforex.com for 4hr pivots (scalping), I have found that there HTF pivots doesn't correlate to the rest of the worlds . .

See enclosed. . .
thanks for sharing bro...
  • #61,473
  • Feb 12, 2008 11:07am Feb 12, 2008 11:07am
Quoting kdoubled01
Yen Sold off after Buffett Boosts Stocks


The Japanese yen is sharply lower across the board in early US session, following rally in the US stock markets. Stocks are boosted by news that Warren Buffett offered to help out troubled bond insurers. Buffett's Berkshire Hathaway has offered to reinsure $800b in municipal bonds insured by monoline firms Ambac Financial Group, MBIA, and Financial Guaranty Insurance Company. The announcement improved the general sentiments in Wall Street dramatically, sending the DOW close to 200 pts higher. The Japanese is in turned sold off on improved risk appetite. Meanwhile, most currencies, except the greenback, rise following strength in respective yen crosses.
Is really this warren buffet able to move the forex market alone? I doubt that this move is solely because of buffet's offer. ...
Discipline + Patience - Fear - Greed = Success
  • #61,474
  • Feb 12, 2008 11:13am Feb 12, 2008 11:13am
It seems Sec. Paulson's message didn't push the dow beyond
it's earlier highs. I'm watching to see if the GJ will do it's customary
4hr retrace to the 5sma. I'm not comfortable trading against the
daily LT trend.

holding a short position @ 210.59
target ~209.50

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4hr 4sma retrace.gif Size: 59 KB
  • #61,475
  • Feb 12, 2008 11:15am Feb 12, 2008 11:15am
The famous 50% retrace might be in process

http://img248.imageshack.us/img248/7898/gjbq2.gif
Trade what you see, not what you think.
  • #61,476
  • Feb 12, 2008 11:22am Feb 12, 2008 11:22am
Quoting quecee5
Vinesh2,

I only use actionforex.com for 4hr pivots (scalping), I have found that there HTF pivots doesn't correlate to the rest of the worlds . .

See enclosed. . .
Q is this data reliable? I have quite a few pivot line indicators each showing different Pivot line for daily or weekly or so and different S/R levels. I'm actually totally confused.

I use them seldom but I know they are useful when combined with fib levels and very interested to start to use them ... but I don't know which of these data or indicators are reliable. I see every site or every indicator gives different output.

for example the daily R3 is 212.71 in your .pdf file but mine is 212.04 ... they are not even close to each other and so are other S/R levels totally different ...

I'm so confused about these levels and don't know what to do.
Discipline + Patience - Fear - Greed = Success
  • #61,477
  • Feb 12, 2008 11:22am Feb 12, 2008 11:22am
wow what did i miss...

crap.. regret for not having an SL

and yeah.. will prolly wait for a reversal @ 50% fibo to go long again
  • #61,478
  • Feb 12, 2008 11:34am Feb 12, 2008 11:34am
Possible short opportunity (retrace). Price Action show me the way.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #61,479
  • Feb 12, 2008 11:45am Feb 12, 2008 11:45am
Basic formulae to calculate Pivots on any TFs are as follows:

R3 = H + 2( Pivot - L )

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + C ) / 3

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )

S3 = L - 2( H - Pivot )
  • #61,480
  • Feb 12, 2008 11:47am Feb 12, 2008 11:47am
I also agree that retracement is on the way.Alternative to 50 % fibo retracement, I am conservative to see if 209.90 or senkau span A is the only retracement value.I think bullish activity is kick in gear right now.
Attached Image
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