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

  • #62,241
  • Feb 18, 2008 10:28pm Feb 18, 2008 10:28pm
Quoting fourxtrader
Still awaiting a convincing close
below the 50% on a 1hr.

Maybe on the 4hr later.

Dr. D.
Any reason why you use the 2-11 low, instead of the 2-12 low or the 2-13 low on your Fib low?
Indicators show the past. Price Action "Indicates" the future.
  • #62,242
  • Feb 18, 2008 10:28pm Feb 18, 2008 10:28pm
alright... frankfurt is coming soon... usually that's the lowest point... so i'd say we have one more chance for a short, just before london open.
it didn't make it to 209.60 yet, but it doesn't look like going go up from where it is now.
Nihil Sine Deo.
  • #62,243
  • Feb 18, 2008 10:40pm Feb 18, 2008 10:40pm
Quoting jarroo
Any reason why you use the 2-11 low, instead of the 2-12 low or the 2-13 low on your Fib low?
Because the low on 2-11 (00:00 GMT) is the beginning and
bottom of an unbroken pattern of congruent higher lows and
higher highs.


Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: string of higher lows.gif Size: 23 KB
  • #62,244
  • Feb 18, 2008 10:43pm Feb 18, 2008 10:43pm
Quoting fourxtrader
Because the low on 2-11 (00:00 GMT) is the beginning and
bottom of an unbroken pattern of congruent higher lows and
higher highs.


Dr. D.
Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #62,245
  • Edited 11:16pm Feb 18, 2008 10:52pm | Edited 11:16pm
Just Sittin on the 50.........

Drop if yer gonna!!!!
  • #62,246
  • Feb 18, 2008 10:52pm Feb 18, 2008 10:52pm
Quoting jarroo
Thanks.

Now our friend, MM liked using the low on 2-07 as a basis
for his yet to be attained fib retracement goal to ~209.88.

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: 209.88 50% fib of 2-07.gif Size: 23 KB
  • #62,247
  • Feb 18, 2008 10:57pm Feb 18, 2008 10:57pm
Quoting JasonGuillen
Just Sittin on the 50.........

Drop if yer gonna!!!!
It may be going up to the 210.60-65 level to retest then fall again.
Indicators show the past. Price Action "Indicates" the future.
  • #62,248
  • Feb 18, 2008 10:58pm Feb 18, 2008 10:58pm
Suck GJ Now :
  • #62,249
  • Feb 18, 2008 11:01pm Feb 18, 2008 11:01pm
Quoting jarroo
It may be going up to the 210.60-65 level to retest then fall again.
Meaning : retesting the low of the Outside Bar (candle).
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #62,250
  • Feb 18, 2008 11:03pm Feb 18, 2008 11:03pm
I went ahead and took some shorts...just holding those longs til later....
  • #62,251
  • Feb 18, 2008 11:07pm Feb 18, 2008 11:07pm
Quoting moneymagnet
I got some ocean front property in Arizona. I mean its prime property. just let me know and i will work you a sweet deal!


MM,

Hey dude, you in AZ? Me too!

Dr. D.
Resonant Frequency Research

And still trying to find that resonant frequency that will break
CA off into the Pacific to help you realize your dream.
It worked on the 'walls of Jericho'. lol
  • #62,252
  • Feb 18, 2008 11:17pm Feb 18, 2008 11:17pm
Quoting JasonGuillen
Just Sittin on the 50.........

Drop if yer gonna!!!!
and 15 minutes later....
  • #62,253
  • Feb 18, 2008 11:18pm Feb 18, 2008 11:18pm
Quoting JasonGuillen
and 15 minutes later....
Patient pills are worth the money.
Indicators show the past. Price Action "Indicates" the future.
  • #62,254
  • Feb 18, 2008 11:22pm Feb 18, 2008 11:22pm
Hey mates,
I'm short to TP 209.63 on GBYJPY for the short term. Just thought I'd put that out there for comparison.
  • #62,255
  • Feb 18, 2008 11:23pm Feb 18, 2008 11:23pm
Quoting JasonGuillen
and 15 minutes later....
watch out for the double bottom.
it's only fitting.
  • #62,256
  • Feb 18, 2008 11:26pm Feb 18, 2008 11:26pm
Hello all,

Short also but may TP at the next run to 210.09.

Great thread!
History is written by the victors.
  • #62,257
  • Feb 18, 2008 11:47pm Feb 18, 2008 11:47pm
Got a TP at the 00 mark, now come on, this needs to drop!
  • #62,258
  • Feb 18, 2008 11:51pm Feb 18, 2008 11:51pm
Quoting forexmoments
Got a TP at the 00 mark, now come on, this needs to drop!
She will...... Patience !!
DP and Weekly pivot are holding her down.......
  • #62,259
  • Feb 18, 2008 11:51pm Feb 18, 2008 11:51pm
Don't burn your fingers.
Trade what you see, not what you think.
  • #62,260
  • Feb 18, 2008 11:52pm Feb 18, 2008 11:52pm
Quoting aguskrw1
Hi Karmo,
You said that never use SL, How many pips are your tolerance if the market against your? Or what is your max cutloss?
If I see a convincing reversal in price action.
Trade what you see, not what you think.
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