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

  • #62,881
  • Feb 21, 2008 4:25am Feb 21, 2008 4:25am
We need to get a close above 212 to get long.
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  • #62,882
  • Feb 21, 2008 4:26am Feb 21, 2008 4:26am
Took half of position at the 211.44.
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Indicators show the past. Price Action "Indicates" the future.
  • #62,883
  • Feb 21, 2008 4:27am Feb 21, 2008 4:27am
Quoting jarroo
That would be in all time frames.
Thanks Jarroo.so in M15 it's closed above 211.00 but in H4 I have 1:35 left to candle close.

So the M15 close do the job.

Thanks
Mike
Failure, is a wonderful teacher!
  • #62,884
  • Feb 21, 2008 4:27am Feb 21, 2008 4:27am
hi guy..

just my personal outlook in gj... see..GJ wanna move to fib EX 161.8(211.86)....last high weekly 211.66... in my indi QQ above 50... .My rsi in 70 zone area...just my opinion.. Gj wanna break again.. just my personal preview in ...H1.:
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  • #62,885
  • Feb 21, 2008 4:30am Feb 21, 2008 4:30am
Quoting mike1349
Thanks Jarroo.so in M15 it's closed above 211.00 but in H4 I have 1:35 left to candle close.

So the M15 close do the job.

Thanks
Mike
No, I was kind of being silly. 15 min is to small a time frame. Price staying above the 211.00 on the 4 four chart and staying there with a few more 4 hour candles would be nice.
Indicators show the past. Price Action "Indicates" the future.
  • #62,886
  • Edited 4:45am Feb 21, 2008 4:33am | Edited 4:45am
Closing most of positions @ 50 but think we could see 211.75 too. How long will you ride this karmo ?


30min chart too
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Measure twice, cut once
  • #62,887
  • Feb 21, 2008 4:50am Feb 21, 2008 4:50am
it's at daily r2 pivot? do you think it's a good short entry there?

this has too much power and i don't where it will stop.
  • #62,888
  • Feb 21, 2008 4:52am Feb 21, 2008 4:52am
Possible reversal @ 211.90-212 ? 61.8 fib on 4h bear-run and not too far away from resistance on 30m chart. Comments ?
Measure twice, cut once
  • #62,889
  • Feb 21, 2008 4:56am Feb 21, 2008 4:56am
Gotta go gang. Another great session. My other half is lock in at the 210.65. I will let this baby ride.

Have grrreat day.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #62,890
  • Feb 21, 2008 4:57am Feb 21, 2008 4:57am
Quoting aediaz1
Possible reversal @ 211.90-212 ? 61.8 fib on 4h bear-run and not too far away from resistance on 30m chart. Comments ?
212 should be tough to break. A big downtrend line from October 2007 is there. Maybe stick it's head out of the fence?
  • #62,891
  • Feb 21, 2008 4:58am Feb 21, 2008 4:58am
50% retracement is about 210.75. that's how i see it.
however, it must stop at this pivot line.

i'm waiting to see if any indicator gives signal for going down.
we will know in about an hour.
  • #62,892
  • Feb 21, 2008 4:59am Feb 21, 2008 4:59am
here are my targets: first 211.65; second 213.70; third 214.91 and then 216.04.
i didn't see much of drop... what happened with that northern rock catastrophy?
Nihil Sine Deo.
  • #62,893
  • Feb 21, 2008 5:00am Feb 21, 2008 5:00am
Quoting jarroo
Gotta go gang. Another great session. My other half is lock in at the 210.65. I will let this baby ride.

Have grrreat day.

Jim

Good london session indeed, have a good day !
Measure twice, cut once
  • #62,894
  • Feb 21, 2008 5:01am Feb 21, 2008 5:01am
Quoting Scrat
here's how it's gonna go:
first target 211.65; second target 213.70; third target 214.91; and then 216.04.
I agree: it's not just retail sales that are inflationary but also way above estimated profits from major UK companies like Barclays and Centrica. BoE will be getting increasingly hawkish IMO.
TRADE FOR SWAP
  • #62,895
  • Feb 21, 2008 5:05am Feb 21, 2008 5:05am
Quoting cgldsmth
I agree: it's not just retail sales that are inflationary but also way above estimated profits from major UK companies like Barclays and Centrica. BoE will be getting increasingly hawkish IMO.

There are particularly heavy risks of an erratic figure surrounding the releases for December and January, especially as there are huge seasonal adjustments involved.
http://www.forexfactory.com/news.php?do=news&id=71209

The devil is in the details.
  • #62,896
  • Feb 21, 2008 5:07am Feb 21, 2008 5:07am
Quoting newline
50% retracement is about 210.75. that's how i see it.
however, it must stop at this pivot line.

i'm waiting to see if any indicator gives signal for going down.
we will know in about an hour.
Well, then you have quite different fibs then I have.

No, it dosn't have to stop @ pivot resistance, its only meant for guidance where price could reacts. But you have to look at price-action. How does price reacts to pivot s/r ?

Look at 15m chart, and see how quick price turned pivot resistance into support. Don't take pivot s/r levels for being rock solid, only as guidance.
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Measure twice, cut once
  • #62,897
  • Feb 21, 2008 5:07am Feb 21, 2008 5:07am
Quoting aediaz1
Possible reversal @ 211.90-212 ? 61.8 fib on 4h bear-run and not too far away from resistance on 30m chart. Comments ?
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this res 212.15 is strong according to recent history. let's see.....
  • #62,898
  • Feb 21, 2008 5:19am Feb 21, 2008 5:19am
R2 Seems to be holding... Any other analysis out there??
  • #62,899
  • Feb 21, 2008 5:26am Feb 21, 2008 5:26am
Quoting VagyokC4
R2 Seems to be holding... Any other analysis out there??
Seems to reversal, but this kind of setup is where you need to be careful. Smaller positions and tighter S/L IMO. Why? you are trading against the daily trend, and big buying positions could occur anytime, without any for-signs on your indicator.
Measure twice, cut once
  • #62,900
  • Feb 21, 2008 5:29am Feb 21, 2008 5:29am
it is quickly getting oversold on m5... while m30 holds...
at first sign of reversal i'm adding another long.

Quoting VagyokC4
R2 Seems to be holding... Any other analysis out there??
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Nihil Sine Deo.
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