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

  • #63,821
  • Feb 28, 2008 1:22am Feb 28, 2008 1:22am
Quoting arezab
I closed mine with 30 pips loss. The price doesn't continue as I expect. I will wait ... if I see bull sign, I'll enter again and if 210.60 is broken I'll enter short. No position for now.
Nice one, arezab. I'm out with -50 pips.
Indicators show the past. Price Action "Indicates" the future.
  • #63,822
  • Feb 28, 2008 1:24am Feb 28, 2008 1:24am
Quoting karmostaji
How beautiful is that.. Lovely


very nice karm... looks like its gu's turn....
  • #63,823
  • Feb 28, 2008 1:28am Feb 28, 2008 1:28am
Quoting jarroo
Nice one, arezab. I'm out with -50 pips.
No worries mate, lots of winning positions are ahead and waiting for us ...
Discipline + Patience - Fear - Greed = Success
  • #63,824
  • Feb 28, 2008 1:30am Feb 28, 2008 1:30am
price reache daily gann for now....i will wait till london for new 4hr and 8hr candles to form....i'll wait to see are the momentoms of 8hr and 4hr will confirm this beraish movemnet or show us bounce from this area???
  • #63,825
  • Feb 28, 2008 1:31am Feb 28, 2008 1:31am
Quoting shahroodi
price reache daily gann for now....i will wait till london for new 4hr and 8hr candles to form....i'll wait to see are the momentoms of 8hr and 4hr will confirm this beraish movemnet or show us bounce from this area???
Let us know sir
Trade what you see, not what you think.
  • #63,826
  • Feb 28, 2008 1:38am Feb 28, 2008 1:38am
Quoting karmostaji
Let us know sir
yessirhttp://qsmile.com/qsimages/39.gif http://qsmile.com/qsimages/157.gif
  • #63,827
  • Feb 28, 2008 1:40am Feb 28, 2008 1:40am
Quote
Originally Posted by shahroodi http://forexfactory.com/images/buttons/viewpost.gif
agreed.
i use both aus 1hr/4hr and momentoms strategies.
in the open of today i saw weekly 10c and 14c momentoms are bullish but 1c momentom was slightly bearish.
also all daily momentoms were so bearish.
in other side,i consider that price in daily,4hr and 1hr is above gann and in these time frames QQE5 is crossed up.

with these observation i thought price first may reach daily gann(that confluence with daily 5sma low),and if daily gann hold it then price will bounce upward till weekly 5sma high or so higher.

but price before reach that area turned bullish and reached this area.
now i think 213 area is max for today and before any good retracement price can't go higher.

ps:just my 2 cent.
Quoting shahroodi
it seems this is in progress,and price can reach daily gann.
when price reach that area,we must see how act with that.

i think same as karmo

time will say us.
http://qsmile.com/qsimages/59.gif http://qsmile.com/qsimages/59.gif http://qsmile.com/qsimages/59.gifhttp://qsmile.com/qsimages/156.gif
  • #63,828
  • Feb 28, 2008 1:42am Feb 28, 2008 1:42am
Quoting $teve
One thing I try to do is never to speculate when a strong S/R will get broken. If you look at the chart I posted, you'll see how many times it has come down to this level and bounced. Now imagine you were speculating a break every time, you would have been wrong every time. Now if you traded the bounce every time, look at how many pips you would have made.

Just like with GJ, you'll never see me mention a price above 213.80. I don't know when it will break so I just assume it will hold every time. I will be right many times but wrong once. Look at the last time GJ bounce from 213.20 prior to this week, it made a low at 208.85 so it's very profitable if you traded the bounce off of these major S/R levels.

Excellent, $teve. The best way to learn how Price acts around S/R levels is with practise. But an excellent rule of thumb none the less.
Indicators show the past. Price Action "Indicates" the future.
  • #63,829
  • Feb 28, 2008 1:57am Feb 28, 2008 1:57am
as I posted earlier ...
Attached Image (click to enlarge)
Click to Enlarge Name: predict 2.gif Size: 27 KB
Discipline + Patience - Fear - Greed = Success
  • #63,830
  • Feb 28, 2008 2:03am Feb 28, 2008 2:03am
Quoting arezab
as I posted earlier ...
will see it looks like this
  • #63,831
  • Feb 28, 2008 2:06am Feb 28, 2008 2:06am
new 8hr and 4hr momentoms
Attached Image
  • #63,832
  • Feb 28, 2008 2:11am Feb 28, 2008 2:11am
Quoting shahroodi
new 8hr and 4hr momentoms
Looking at that, we'll have a retrace to 211.50 and then continue downwards.

Thanks bro
Trade what you see, not what you think.
  • #63,833
  • Feb 28, 2008 2:15am Feb 28, 2008 2:15am
Quoting shahroodi
new 8hr and 4hr momentoms
it seems we should bounce form here
  • #63,834
  • Feb 28, 2008 2:18am Feb 28, 2008 2:18am
Quoting karmostaji
Looking at that, we'll have a retrace to 211.50 and then continue downwards.

Thanks bro
ur welcome karmo jan
i take a positon in 210.68(long)
i let it ride up and will see how far can go.

BTW,
why you think price after reach to 211.50 will go bearsih again????

tks in advance
  • #63,835
  • Feb 28, 2008 2:21am Feb 28, 2008 2:21am
Quoting arezab
as I posted earlier ...
What Indicator is that you're using? Can you please post it???
  • #63,836
  • Feb 28, 2008 2:25am Feb 28, 2008 2:25am
Gah I went short at 210.37, and then it went up immediately. So I opened a hedge at 210.77, gotta learn how to do that too
  • #63,837
  • Feb 28, 2008 2:26am Feb 28, 2008 2:26am
Quoting shahroodi
ur welcome karmo jan
i take a positon in 210.68(long)
i let it ride up and will see how far can go.

BTW,
why you think price after reach to 211.50 will go bearsih again????

tks in advance
211.81 is the 50% retracement of this big move down from 213, 4H QQE is still crossed down, this area is very critical coz if we get the daily QQE cross down n a candle below the gann, then the pair should tank.

UJ also broke it's lower daily TL, but 106 is supporting for now, i expect it to tank also.
Trade what you see, not what you think.
  • #63,838
  • Feb 28, 2008 2:28am Feb 28, 2008 2:28am
expect Bernanke and Trichet comments to echo comments from yesterday. Markets should move in a similar pattern today during talks.
Trichet@9:15am EST
Ben@10am EST
It really is that easy.
  • #63,839
  • Feb 28, 2008 2:31am Feb 28, 2008 2:31am
Quoting VagyokC4
What Indicator is that you're using? Can you please post it???
Fibonacci fan, inside your MT4 tool bar. If it's not visible, right click your tool bar and and select customize, then select that from the list in the left pane.
Attached Image
Discipline + Patience - Fear - Greed = Success
  • #63,840
  • Feb 28, 2008 2:33am Feb 28, 2008 2:33am
Quoting karmostaji
211.81 is the 50% retracement of this big move down from 213, 4H QQE is still crossed down, this area is very critical coz if we get the daily QQE cross down n a candle below the gann, then the pair should tank.

UJ also broke it's lower daily TL, but 106 is supporting for now, i expect it to tank also.
very good
also in 211.50 there is 8hr 5sma close

we must wait and see price how act with that area.
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