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

  • #63,901
  • Feb 28, 2008 7:57am Feb 28, 2008 7:57am
DOW futures are -83

if DOW goes down, GJ will follow.
Trade what you see, not what you think.
  • #63,902
  • Feb 28, 2008 8:02am Feb 28, 2008 8:02am
Quoting karmostaji
DOW futures are -83

if DOW goes down, GJ will follow.
keeping short from 211.16
  • #63,903
  • Feb 28, 2008 8:03am Feb 28, 2008 8:03am
taking a position is so difficult today ... I need one of those K pills ...
Discipline + Patience - Fear - Greed = Success
  • #63,904
  • Feb 28, 2008 8:05am Feb 28, 2008 8:05am
Quoting Jerry
keeping short from 211.16
definitely, im keeping my shorts from 212-213 area and if todays candle closes below daily gann and the daily TL, this pair will tank big time.

Patience pays off.
Trade what you see, not what you think.
  • #63,905
  • Feb 28, 2008 8:08am Feb 28, 2008 8:08am
Quoting karmostaji
definitely, im keeping my shorts from 212-213 area and if todays candle closes below daily gann and the daily TL, this pair will tank big time.

Patience pays off.
sounds like karm has on the bermudas today.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #63,906
  • Feb 28, 2008 8:09am Feb 28, 2008 8:09am
Quoting karmostaji
definitely, im keeping my shorts from 212-213 area and if todays candle closes below daily gann and the daily TL, this pair will tank big time.

Patience pays off.
i know it
  • #63,907
  • Feb 28, 2008 8:11am Feb 28, 2008 8:11am
Quoting moneymagnet
sounds like karm has on the bermudas today.
It's great to see you MM, where have you been hiding bro
Trade what you see, not what you think.
  • #63,908
  • Feb 28, 2008 8:12am Feb 28, 2008 8:12am
thats me hit targets for today, good days trading guys
  • #63,909
  • Feb 28, 2008 8:19am Feb 28, 2008 8:19am
Can someone define what tank means please?

And, any advice what I shall do with my stupid hedge?
I think as long as the daily closes above this trend line we could still go up.
Attached Image
  • #63,910
  • Feb 28, 2008 8:19am Feb 28, 2008 8:19am
Quoting karmostaji
It's great to see you MM, where have you been hiding bro
the room changed so much man just didnt think there was any use to post anymore but i do check to see what u, mike w, quecee, dagoods and a couple others are analyzing. was going to short at 211. 20-30 this morning but didnt, then it broke my TL but right b4 news so now i am watching. looks like you been making pips as ususal. good week for me as well. so far i havent taken a loss this week.. thats always good
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #63,911
  • Feb 28, 2008 8:20am Feb 28, 2008 8:20am
Closed shorts from 213.44 @ 210.15. . .
Sitting on the sideline waiting for long entry if 209.90's/210 hold up-

Target daily pivot. . . 211.70 area 1st target. . .

But trade what u see!
  • #63,912
  • Feb 28, 2008 8:20am Feb 28, 2008 8:20am
Quoting karmostaji
definitely, im keeping my shorts from 212-213 area and if todays candle closes below daily gann and the daily TL, this pair will tank big time.

Patience pays off.
I'm getting used to using the K pills for my entry and there are better because of it. Now, I have to get use to taking the K pills while in profit and waiting for Price Action to present itself for exit.
Indicators show the past. Price Action "Indicates" the future.
  • #63,913
  • Feb 28, 2008 8:26am Feb 28, 2008 8:26am
Quoting SimonJ
Can someone define what tank means please?

And, any advice what I shall do with my stupid hedge?
I think as long as the daily closes above this trend line we could still go up.
by tank i mean it will go down a lot.
Trade what you see, not what you think.
  • #63,914
  • Feb 28, 2008 8:48am Feb 28, 2008 8:48am
Quoting SimonJ
Can someone define what tank means please?

And, any advice what I shall do with my stupid hedge?
I think as long as the daily closes above this trend line we could still go up.
You know, like dunked in a tank.

Inserted Video
Indicators show the past. Price Action "Indicates" the future.
  • #63,915
  • Feb 28, 2008 8:56am Feb 28, 2008 8:56am
hi all i saw to weekly candle chart USDYEN today ,i faced to a interesting pattern a major candlestick continuation pattern with name falling three method .this isnot signal a reversal pattern . and the Falling Three Method signal is way of confirming that attempted penetration will fail, and that the trend will continue. Recognizing continuation patterns is important
Attached Image (click to enlarge)
Click to Enlarge Name: usdyen daily.gif Size: 10 KB
  • #63,916
  • Feb 28, 2008 8:59am Feb 28, 2008 8:59am
Quoting hussin naiji
hi all i saw to weekly candle chart USDYEN today ,i faced to a interesting pattern a major candlestick continuation pattern with name falling three method .this isnot signal a reversal pattern . and the Falling Three Method signal is way of confirming that attempted penetration will fail, and that the trend will continue. Recognizing continuation patterns is important
What three are falling? The Highs?
Indicators show the past. Price Action "Indicates" the future.
  • #63,917
  • Feb 28, 2008 9:04am Feb 28, 2008 9:04am
Quoting jarroo
What three are falling? The Highs?
Oh. I see. Thanks.

http://www.candlesticker.com/Cs89.asp
Indicators show the past. Price Action "Indicates" the future.
  • #63,918
  • Feb 28, 2008 9:07am Feb 28, 2008 9:07am
Quoting hussin naiji
hi all i saw to weekly candle chart USDYEN today ,i faced to a interesting pattern a major candlestick continuation pattern with name falling three method .this isnot signal a reversal pattern . and the Falling Three Method signal is way of confirming that attempted penetration will fail, and that the trend will continue. Recognizing continuation patterns is important
hey hussin
explain more about "falling three method"

tks in advance
  • #63,919
  • Feb 28, 2008 9:18am Feb 28, 2008 9:18am
hi dear Jarroo , The market has been in a downtrend. A long black candle forums(A). It is then followed by a series of small candles, each consecutively getting higer. the optimal number of uptrending days should be three. Again, two or four or five counter trend days can be observed. The important factors are that they do not close above the open of the big black candles and that the shadows do not go above the black candle's open. The final day of the formation should open down in the body of the last uptrend day and close lower than the first big black candle's close.
Attached Image (click to enlarge)
Click to Enlarge Name: usdyen daily.gif Size: 11 KB
  • #63,920
  • Feb 28, 2008 9:21am Feb 28, 2008 9:21am
Quoting hussin naiji
hi dear Jarroo , The market has been in a downtrend. A long black candle forums(A). It is then followed by a series of small candles, each consecutively getting higer. the optimal number of uptrending days should be three. Again, two or four or five counter trend days can be observed. The important factors are that they do not close above the open of the big black candles and that the shadows do not go above the black candle's open. The final day of the formation should open down in the body of the last uptrend day and close lower than the first big black candle's close.
Interesting.

Thanks.
Indicators show the past. Price Action "Indicates" the future.
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