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

  • #62,161
  • Feb 18, 2008 5:56am Feb 18, 2008 5:56am
and of course the fact descending triangle on hourly of g/y
Fear's for the other guy
  • #62,162
  • Feb 18, 2008 6:02am Feb 18, 2008 6:02am
Quoting quecee5
Nothing is for certain, but if this pattern is to complete then it should go down further b/4 going up. . . But I could be dead wrong on this one but only time will tell. . .

Furthermore, the up move volume according to the indicator look to be more selling than buying. Also, the up move volume has been limited which could be short covering.

Now the weekly pivot could hold but I guess we will have to wait and see. . . Just trading what I see. . . =
Hi q, can you post your volume indicator?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #62,163
  • Feb 18, 2008 6:04am Feb 18, 2008 6:04am
Quoting quecee5
Its on the chart. . . If u use mt4 it under the "insert", indicator menu. . .
Here it is arezab.
Indicators show the past. Price Action "Indicates" the future.
  • #62,164
  • Feb 18, 2008 6:05am Feb 18, 2008 6:05am
Quoting arezab
Hi q, can you post your volume indicator?

Thanks
It's standard with mt4 as stated earlier. . .
  • #62,165
  • Feb 18, 2008 6:13am Feb 18, 2008 6:13am
.....
  • #62,166
  • Feb 18, 2008 6:18am Feb 18, 2008 6:18am
More bearish potential ? Done with a 50% retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.gif Size: 30 KB
Measure twice, cut once
  • #62,167
  • Feb 18, 2008 6:28am Feb 18, 2008 6:28am
Quoting jarroo
Are you reading the posts, arezab?
Ya I posted it once, I don't know why it's duplicated. I'll delete it. It was not my fault bro ...
Discipline + Patience - Fear - Greed = Success
  • #62,168
  • Feb 18, 2008 6:34am Feb 18, 2008 6:34am
Quoting jarroo
Here it is arezab.
yes I found it ... thank you. I didn't know this indicator even exists in MT4 till now ...
Discipline + Patience - Fear - Greed = Success
  • #62,169
  • Feb 18, 2008 7:55am Feb 18, 2008 7:55am
..kinda sleepy to see this kind of market.That bearish engulfing pattern on H4 chart also an outside bar..which is occur in choppy market range..a close below 210.50 maybe will bring us a a down to 209.50..but again..US market is close.
  • #62,170
  • Feb 18, 2008 8:35am Feb 18, 2008 8:35am
Quoting parlenk
..kinda sleepy to see this kind of market.That bearish engulfing pattern on H4 chart also an outside bar..which is occur in choppy market range..a close below 210.50 maybe will bring us a a down to 209.50..but again..US market is close.
Yeah, I expected a choppy slow down move since the up move (in the main up trend) was so sharp - very typical. . .
In addition, volume is thin which is playing a big part. I think after London goes home we'll see it drift downward slowly.
Like watching grass grow right now but heh shorts just have to be patient!
  • #62,171
  • Feb 18, 2008 9:07am Feb 18, 2008 9:07am
"Grass grass grow by the river"....I wonder whoever remember that tv series...remind me during my childhood..
  • #62,172
  • Feb 18, 2008 9:24am Feb 18, 2008 9:24am
trading unexpected breakout...somebody must know about it..,(somehow sometime expected breakout would fail,- t d mark..)...I dont know when is sometimes.
  • #62,173
  • Feb 18, 2008 10:22am Feb 18, 2008 10:22am
Quoting doughboi
if nobody is short from here then you would have to be retarded... and blind
I guess I'm blind then.
Trade what you see, not what you think.
  • #62,174
  • Feb 18, 2008 10:47am Feb 18, 2008 10:47am
Quoting karmostaji
I guess I'm blind then.
Would think u would be considered an exception to the rule =

Good "PIP'n" this week bro!
  • #62,175
  • Feb 18, 2008 11:02am Feb 18, 2008 11:02am
Quoting quecee5
Would think u would be considered an exception to the rule =

Good "PIP'n" this week bro!
my analysis tells me that GJ might test 210.35/50 again in order to move up to 217.25 area
  • #62,176
  • Feb 18, 2008 11:13am Feb 18, 2008 11:13am
Guys if you compare chf crosses vs jpy crosses, you will find chf leads the jpy. you can check it on your charts and according to this experience i am expecting yen crosses to take u turn as chf has already taken so becareful of shorts. enjoy the pips.
  • #62,177
  • Feb 18, 2008 11:21am Feb 18, 2008 11:21am
Quoting kenneith
Guys if you compare chf crosses vs jpy crosses, you will find chf leads the jpy. you can check it on your charts and according to this experience i am expecting yen crosses to take u turn as chf has already taken so becareful of shorts. enjoy the pips.
don't know about chf but I think we all agree that GJ will go up to some level.
However, it may take a pit-stop to the downside before achieving it =
  • #62,178
  • Feb 18, 2008 11:22am Feb 18, 2008 11:22am
Hello,

I'm steve. You can call me steve. I'm a long time lurker, first time poster. I have about one year trading experience and I only trade this pair GJ. I hope to share and learn from everyone here. Forex Factory -- profit from it.
  • #62,179
  • Feb 18, 2008 11:26am Feb 18, 2008 11:26am
Quoting karmostaji
I guess I'm blind then.
You're not blind, your patient and trade with the long term trend which is smart.

I'm only short at the moment, because I truely feel this bigger retrace is indeed happening.

Short from 213, 212 and 211s...... TP at 209.17.

I think it'll hit 208.8 area, just like Q and Jaroo, but left a little cushion on my TPs for safety.

30m, 1H and 4H are all pointing south and making Lower Highs..... Down......

Then, like you, forsee the 50% retrace of the big move down completed by weeks end, around 217, once we get above the 4H 200ema.

Have a great day all. It's a holiday in the US and also my birthday.

Be back for the Tokyo session.

Cheers.
  • #62,180
  • Feb 18, 2008 11:27am Feb 18, 2008 11:27am
Quoting $teve
Hello,

I'm steve. You can call me steve. I'm a long time lurker, first time poster. I have about one year trading experience and I only trade this pair GJ. I hope to share and learn from everyone here. Forex Factory -- profit from it.
Steve - welcome to the thread =
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