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

  • #63,721
  • Feb 27, 2008 9:23am Feb 27, 2008 9:23am
QQQQQQQQQ where are you?? Dude you ok man! Dont be silent gives me the chills!
  • #63,722
  • Feb 27, 2008 9:25am Feb 27, 2008 9:25am
Quoting Piters
Not a BIG DEAL it is only 300 pips

LOL
700 pips bro ...
Discipline + Patience - Fear - Greed = Success
  • #63,723
  • Edited 10:49am Feb 27, 2008 9:25am | Edited 10:49am
Quoting vinesh2
QQQQQQQQQ where are you?? Dude you ok man! Dont be silent gives me the chills!
I thinking he's partying with all the money he made from his EUR/USD trade.
Indicators show the past. Price Action "Indicates" the future.
  • #63,724
  • Feb 27, 2008 9:40am Feb 27, 2008 9:40am
Quoting parlenk
it's not missing somehow..it just when you put a line on meta from the highest candle to the necline, the line (redline is not printed on the candle-foregroundchart) then i edit with the paint.exe and erase the redline above the candle to make it clear of the projection point..and yeah maybe the target should be 203.xx-204.xx on that case..but again..on a big pattern and move like that..it just a noise.therefore i said in my opinion it's already fullfill.. but if you think we still on that setup..that's fine tho.Cheers
parlenk, there is no problem to discuss about everyone's point of view. Here may be you prefer to use line chart style and therefore it's different from what we see, but although I accept that there are different ways to see charts, but when I compared two type of charts (candlestick and line chart), I see a 700 pips difference between them, and I think this is not a number that could be ignored so easily and as you say considered as noise, even on weekly chart.

Just my thoughts ...
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Discipline + Patience - Fear - Greed = Success
  • #63,725
  • Feb 27, 2008 10:01am Feb 27, 2008 10:01am
Hi,

Yes indeed.Discussion is healthy ..about that 700 pips..LOL I cannot explain better.That how i setup that H&S on that pic.Here is the linechart and a candle chart.So the timeframe is just like this..i setup the h&s (linechart)..then calculate the projection point, around 203.90ish but when the price on the 204.xx..for me it's a hit...let just say Im wrong..about that pic.close this case hihihi wasting time already.the only reason i try to explain is that someone maybe interest on H&S setup and become confuse etc etc..nope I dont want them to be so.Hope not.Thx all
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  • #63,726
  • Edited 10:18am Feb 27, 2008 10:07am | Edited 10:18am
I can see your point my Friend, but the problem is THE NOISE. You can consider Noise on 5min, 15min, 30min charts, but on Weekly chart.. That's not NOICE.. JMO

cheers


You are the BEST.. I like your Humor



Quoting parlenk
Hi,

Yes indeed.Discussion is healthy ..about that 700 pips..LOL I cannot explain better.That how i setup that H&S on that pic.Here is the linechart and a candle chart.So the timeframe is just like this..i setup the h&s (linechart)..then calculate the projection point, around 203.90ish but when the price on the 204.xx..for me it's a hit...let just say Im wrong..about that pic.close this case hihihi wasting time already.the only reason i try to explain is that someone maybe interest on H&S setup and become confuse etc etc..nope I dont want them to be so.Hope not.Thx all
  • #63,727
  • Feb 27, 2008 10:17am Feb 27, 2008 10:17am
I think ,Today GJ Normal movement...
  • #63,728
  • Feb 27, 2008 10:18am Feb 27, 2008 10:18am
Quoting Piters
I can see your point my Friend, but the problem is THE NOISE. You can consider Noise on 5min, 15min, 30min charts, but on Weekly chart.. That's not NOICE.. JMO

cheers
I wish I had some of these NOISES into my account everyday ...

No disrespect Parlenk, just joking ...
Discipline + Patience - Fear - Greed = Success
  • #63,729
  • Feb 27, 2008 10:30am Feb 27, 2008 10:30am
Quoting vinesh2
QQQQQQQQQ where are you?? Dude you ok man! Dont be silent gives me the chills!
Not quiet just focusing on my trades. . .
U still holding long onto EU???? Well I am since two weeks ago. . .

Let discuss GJ, here is my thoughts (will post analysis in a bit). . .
I believe GJ will touch 212.50-212.70 area later in the NY session then back down to touch my original target of 210. . . It may take a couple of pits-stops on the way @ 210.80 then 210.50 but I believe 210 is forthcoming and possibly lower. . .

Good luck and happy trading!
  • #63,730
  • Feb 27, 2008 10:34am Feb 27, 2008 10:34am
..suit your self.fine with me.Noise mean to me=not taken into account.yes a 300 ( i dont know where this 300 number come--and yes about that 700, i post the pic already that hope to explain) pips is noise compare to 2000ish projection point.Well the problem is not about that i guess..it all about "are we still on the play or not"..and i said we not on that setup anymore..please note that just my opinion.ROFL now it's become my noise thingy.

PS: sorry Aus for make a little chat on your thread.

Quoting arezab
I wish I had some of these NOISES into my account everyday ...

No disrespect Parlenk, just joking ...
  • #63,731
  • Feb 27, 2008 10:41am Feb 27, 2008 10:41am
Quoting jarroo
I thinking he's partying with all the money he from his EUR/USD trade.
LOL!

Still been trading GJ. . .
Miss the run up but got in on GU yesterday morning because I was skeptical about GJ after losing 42 pips on a short trade. . . (timing was way off).

When I saw UJ tanking I jumped on GU and road it up 150 pips before cashing out. . . Now I'm in GJ, short from 213.44 with a +50 pip SL because I believe we'll see lower prices as long as UJ is trading under 107 area. . .

My two cents
  • #63,732
  • Feb 27, 2008 10:46am Feb 27, 2008 10:46am
Ahhaa atlast the Q man speaks. Got me worried there bro! I did't hold my EU trade TP'd early but hey I will take the ride down whenver that happens. I got my eye on GJ to Weekley Pivot for now at mid 210 area. I TP'd my short from 212.39 but still holding two more shorts ridding I am going to stay with the long term trend for now which we all know is down atleast 1st quater of this year maybe be extented to the 2nd quater. Stay focused dude cause you are da man!
  • #63,733
  • Feb 27, 2008 10:47am Feb 27, 2008 10:47am
Quoting jarroo
Let's try this again. Looking to go long at the break of the 211.48 with confirmation of that long position with the a break of the 211.94.
Waiting for long confirmation at the 211.94. May add to position if 211.94 (212.00) begins acting as support with Price.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,734
  • Feb 27, 2008 10:51am Feb 27, 2008 10:51am
Quoting vinesh2
Ahhaa atlast the Q man speaks. Got me worried there bro! I did't hold my EU trade TP'd early but hey I will take the ride down whenver that happens. I got my eye on GJ to Weekley Pivot for now at mid 210 area. I TP'd my short from 212.39 but still holding two more shorts ridding I am going to stay with the long term trend for now which we all know is down atleast 1st quater of this year maybe be extented to the 2nd quater. Stay focused dude cause you are da man!
Be careful with your short, might see a spike in GJ in a few. . . 1hr looks to have some room to move up. I'm thinking 212.50/212.70 area before heading back down. Just a caution to u. . .

Laslty, I'm looking to add to my shorts on a run-up later. . . Also, I'm expecting EU to reach at least 1.52 area before any significant retrace. . .

Good trading my friend. . .
  • #63,735
  • Feb 27, 2008 10:52am Feb 27, 2008 10:52am
Quoting jarroo
Waiting for long confirmation at the 211.94. May add to position if 211.94 (212.00) begins acting as support with Price.

Jarro, what target are u looking at?
  • #63,736
  • Feb 27, 2008 11:01am Feb 27, 2008 11:01am
Quoting quecee5
Jarro, what target are u looking at?
217.45 is the long term target. (Karmo's famous 50 fib)

Short term :I like your 212.45-50/212.70 area. But I would like to see it continue upward and onward.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #63,737
  • Feb 27, 2008 11:01am Feb 27, 2008 11:01am
1hr chart 4 u
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart.gif Size: 32 KB
  • #63,738
  • Feb 27, 2008 11:05am Feb 27, 2008 11:05am
Quoting jarroo
217.45 is the long term target. (Karmo's famous 50 fib)

Short term :I like your 212.45-50/212.70 area. But I would like to see it continue upward and onward.
Yeah, I think Karmo's 217.45 is coming soon, however I think we'll see a 3 wave correction down before continuing upward - JMHO

We've already seen 1 leg down and I think we are in the 2nd leg up which shouldn't exceed the 1st. Then I think that last leg down will complete the correction down (maybe). . .
  • #63,739
  • Feb 27, 2008 11:10am Feb 27, 2008 11:10am
Quoting quecee5
Yeah, I think Karmo's 217.45 is coming soon, however I think we'll see a 3 wave correction down before continuing upward - JMHO

We've already seen 1 leg down and I think we are in the 2nd leg up which shouldn't exceed the 1st. Then I think that last leg down will complete the correction down (maybe). . .
I see.

As always, (you know me) I'll let Price Action show me the way.
Indicators show the past. Price Action "Indicates" the future.
  • #63,740
  • Feb 27, 2008 11:14am Feb 27, 2008 11:14am
Quoting jarroo
I see.

As always, (you know me) I'll let Price Action show me the way.
I know!

Good trading to ya. . .

Cheers!
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