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

  • #62,841
  • Feb 21, 2008 12:23am Feb 21, 2008 12:23am
Quoting jarroo
If Price moves down to the 209.90 level I'll check for retesting and decide to get out for a small lose. If Price moves up, past the reversal candles, longs are strong.

Daily 5SMA & Weekly 5SMA come in at 210.50 & 210.40 on my platform
"Timing Is Everything. Really I Swear It Is"
  • #62,842
  • Feb 21, 2008 12:23am Feb 21, 2008 12:23am
Quoting TexasforEX
Daily 5SMA & Weekly 5SMA come in at 210.50 & 210.40 on my platform
So, what does that mean?
Indicators show the past. Price Action "Indicates" the future.
  • #62,843
  • Feb 21, 2008 12:26am Feb 21, 2008 12:26am
Quoting jarroo
So, what does that mean?
On those time frames, this move could be considered a retracement
"Timing Is Everything. Really I Swear It Is"
  • #62,844
  • Feb 21, 2008 12:28am Feb 21, 2008 12:28am
Quoting TexasforEX
On those time frames, this move could be considered a retracement
A retrace, then continue down?
Indicators show the past. Price Action "Indicates" the future.
  • #62,845
  • Feb 21, 2008 12:31am Feb 21, 2008 12:31am
Yep, potentially.

Right now you have price over lower TF's 5SMA and below higher TF's 5SMA and they are pinching here


It might chop wood until retail sales
"Timing Is Everything. Really I Swear It Is"
  • #62,846
  • Feb 21, 2008 12:32am Feb 21, 2008 12:32am
Quoting TexasforEX
Yep, potentially.

Right now you have price over lower TF's 5SMA and below higher TF's 5SMA.

It might chop wood until retail sales
I see. Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #62,847
  • Feb 21, 2008 12:39am Feb 21, 2008 12:39am
Jarro were do you get the PA indicator and what does it mean?
  • #62,848
  • Feb 21, 2008 12:42am Feb 21, 2008 12:42am
Quoting oscarfrx
Jarro were do you get the PA indicator and what does it mean?
Price Action is not an indicator, quite the opposite.

You can get all the info here at the James16 Chart Thread:
http://www.forexfactory.com/showthread.php?t=2331
Indicators show the past. Price Action "Indicates" the future.
  • #62,849
  • Feb 21, 2008 12:43am Feb 21, 2008 12:43am
Like many days, price try out pivot level and bounces off. Could this be the scenario now? Possible, since London pivot matches up with (now) support-line on 4h.

Just hope this Northeren rock fuzz doesn't changes the outlook
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gupopy4h.gif Size: 34 KB
Measure twice, cut once
  • #62,850
  • Feb 21, 2008 12:48am Feb 21, 2008 12:48am
OK thanks my friend
  • #62,851
  • Feb 21, 2008 12:50am Feb 21, 2008 12:50am
Quoting aediaz1
Like many days, price try out pivot level and bounces off. Could this be the scenario now? Possible, since London pivot matches up with (now) support-line on 4h.

Just hope this Northeren rock fuzz doesn't changes the outlook
Make sense to me and my analysis. I call that confluence.
Indicators show the past. Price Action "Indicates" the future.
  • #62,852
  • Feb 21, 2008 12:56am Feb 21, 2008 12:56am
Quoting jarroo
Make sense to me and my analysis. I call that confluence.
Confluence indeed

Watching the PA makes me feel safe on this long from pivot level. I'm aiming on 210.70 for a start (resistance on my 30m chart), whats your targets ?

btw, the only thing I don't like with this setup; 1h find it very hard to break currently level. Maybe patience helps ?
Attached Image (click to enlarge)
Click to Enlarge Name: gupopy1h.gif Size: 24 KB
Measure twice, cut once
  • #62,853
  • Feb 21, 2008 1:01am Feb 21, 2008 1:01am
Quoting aediaz1
Confluence indeed

Watching the PA makes me feel safe on this long from pivot level. I'm aiming on 210.70 for a start (resistance on my 30m chart), whats your targets ?
As you can see in my previous charts, the 210.65 level looks good for targets and/or confirmation. I really like to see the 210.90 and beyond.
Indicators show the past. Price Action "Indicates" the future.
  • #62,854
  • Feb 21, 2008 1:28am Feb 21, 2008 1:28am
Retail sales coming up right now. Seems to be positive
Measure twice, cut once
  • #62,855
  • Feb 21, 2008 1:29am Feb 21, 2008 1:29am
Quoting jarroo
As you can see in my previous charts, the 210.65 level looks good for targets and/or confirmation. I really like to see the 210.90 and beyond.
yeah.. my friend...it's final exam...
  • #62,856
  • Feb 21, 2008 1:30am Feb 21, 2008 1:30am
Hahaha I love forex!
Trade what you see, not what you think.
  • #62,857
  • Feb 21, 2008 1:31am Feb 21, 2008 1:31am
Quoting karmostaji
Hahaha I love forex!
Indicators show the past. Price Action "Indicates" the future.
  • #62,858
  • Feb 21, 2008 1:32am Feb 21, 2008 1:32am
Quoting karmostaji
Hahaha I love forex!


Adjusting TP for blue circle, any1 gonna ride it higher?
Attached Image (click to enlarge)
Click to Enlarge Name: gupopy.gif Size: 24 KB
Measure twice, cut once
  • #62,859
  • Feb 21, 2008 1:32am Feb 21, 2008 1:32am
Quoting fising
yeah.. my friend...it's final exam...
You stayed in, fising,
Indicators show the past. Price Action "Indicates" the future.
  • #62,860
  • Feb 21, 2008 1:32am Feb 21, 2008 1:32am
Quoting jarroo
Yeah...Gj break now...Hit my Tp..211.00....strong bull now..next target if gj can break weekly high.. let's see...
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