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

  • #64,041
  • Feb 28, 2008 7:45pm Feb 28, 2008 7:45pm
Quoting Damo12
Hi, with the following fib settings on the latest hourly move, from experience, would a 61.8 or 50% retrace be more likely (if at all of course)?

Regards, D.
Fib retracements should be 50 % or 61.8% .

However there is major resistance on the charts at 209.2. A pullback into that zone is more likely.
Blogging daily now at www.volume.zone
  • #64,042
  • Feb 28, 2008 7:45pm Feb 28, 2008 7:45pm
Quoting markam
Gold is up another 15% or so since I posted this at the beginning of January. I hope everyone took my advice the second time. It is not too late. We should see $2,000-$3,000/ounce before we get our new currency.



what do u think markam will it be the juan or the euro?
  • #64,043
  • Feb 28, 2008 7:58pm Feb 28, 2008 7:58pm
Quoting dagoods


what do u think markam will it be the juan or the euro?
i think it will be euro. Dollar is on the road down out,euro is up and coming..the yuan...well, the dont speak english

great thread...great thread. will be hanging around here more often.
  • #64,044
  • Feb 28, 2008 8:09pm Feb 28, 2008 8:09pm
Patience is a very hard thing to keep. Just went long, cuz it looks like here is the retrace.
Attached Image (click to enlarge)
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  • #64,045
  • Feb 28, 2008 8:12pm Feb 28, 2008 8:12pm
First target is 209.54 Second is 210.00 after that one hits my nerves are going to let me down (i am pretty sure on that one) Stop Loss at 207.55

Trade at your own risk.
  • #64,046
  • Feb 28, 2008 8:13pm Feb 28, 2008 8:13pm
Quoting LeoBond
Patience is a very hard thing to keep. Just went long, cuz it looks like here is the retrace.

i would lock that in at plus 1 pip if possible as i dont think price action has confirmed just yet and could drop still..... make sure u have tight stop loss acccording to your OWn plan my friend...... i like the idea....just think it may go down a bit more possibly..... price action has yet to say hey guys here is support here is another temporary bottom..... at least not yet as far as i can seee..... but i like your thinking

again just my 2 cents
  • #64,047
  • Feb 28, 2008 8:15pm Feb 28, 2008 8:15pm
Quoting dagoods


what do u think markam will it be the juan or the euro?
It will still be called the dollar, it will just have a few zero's knocked off of it
  • #64,048
  • Feb 28, 2008 8:30pm Feb 28, 2008 8:30pm
She is approaching some fib extensions and some previous swing lows.

She might need need to reload a bit to break strong support, right?
Attached Image (click to enlarge)
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  • #64,049
  • Feb 28, 2008 8:34pm Feb 28, 2008 8:34pm
Quoting ovaforty
She is approaching some fib extensions and some previous swing lows.

She might need need to reload a bit to break strong support, right?

that was my thinking bud..... well see


u must considerhow strong the support/resistance areas are here monthly weekly charts involved IMO they dont fall so easily..... at least in my experience they have not in the past..... just my 2 cents

they may not be pip perfect but the areas remain s/r as they have in the past from what i have seen....

good luck all

ps how do u see anything on that chart lol blinded by indicators lol just kidding


good trading all
  • #64,050
  • Feb 28, 2008 8:43pm Feb 28, 2008 8:43pm
Quoting dagoods
that was my thinking bud..... well see


u must considerhow strong the support/resistance areas are here monthly weekly charts involved IMO they dont fall so easily..... at least in my experience they have not in the past..... just my 2 cents

they may not be pip perfect but the areas remain s/r as they have in the past from what i have seen....

good luck all

ps how do u see anything on that chart lol blinded by indicators lol just kidding

good trading all
What indicators? I dont see no damn indicators on my charts.
  • #64,051
  • Feb 28, 2008 8:55pm Feb 28, 2008 8:55pm
Quoting ovaforty
She is approaching some fib extensions and some previous swing lows.

She might need need to reload a bit to break strong support, right?
yikes whats that chart ???????????
  • #64,052
  • Feb 28, 2008 9:16pm Feb 28, 2008 9:16pm
Daily QQE has crossed down today, and the price formed the second daily bar below gann hilo. momentum on the daily is also bearesh... does all that mean that we haven't touched the bottom of this week yet?

Attached Image (click to enlarge)
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  • #64,053
  • Feb 28, 2008 9:31pm Feb 28, 2008 9:31pm
Quoting dagoods


what do u think markam will it be the juan or the euro?

The amero

and oil will be traded in Euros .. Venezuela already wants to sell their oil in Euros.
Blogging daily now at www.volume.zone
  • #64,054
  • Feb 28, 2008 9:42pm Feb 28, 2008 9:42pm
We need the bulls to buy at this level .

Why???

So we can have liquidity in the market as price drops towards 200 and the bulls are running for the doors !!!
Blogging daily now at www.volume.zone
  • #64,055
  • Edited 9:52pm Feb 28, 2008 9:50pm | Edited 9:52pm
Quoting markam
Gold is up another 15% or so since I posted this at the beginning of January. I hope everyone took my advice the second time. It is not too late. We should see $2,000-$3,000/ounce before we get our new currency.
I think that it might be called the AMERO.

See Vicent Fox, former Mexican President on CNN
www.youtube.com/watch?v=gYGrn0hZlCQ
  • #64,056
  • Feb 28, 2008 9:52pm Feb 28, 2008 9:52pm
if we start to move up, does this target look right ?? 210.74 ?

attached chart .. i m new to fibs so pls be little easy on me

Thanks,
Goodbadmas
Attached Image (click to enlarge)
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  • #64,057
  • Feb 28, 2008 10:03pm Feb 28, 2008 10:03pm
Quoting goodbadmas
if we start to move up, does this target look right ?? 210.74 ?

attached chart .. i m new to fibs so pls be little easy on me

Thanks,
Goodbadmas
Cant have that answer till we've found the bottom of this drop Goodbadmas. But Im still learning too. We shall see what happens, but I do believe there is more to go to the bottom indeed.

Cheers
  • #64,058
  • Edited 10:48pm Feb 28, 2008 10:16pm | Edited 10:48pm
my s/r level comes in at around 20750 +/- before lower
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  • #64,059
  • Edited 10:29pm Feb 28, 2008 10:17pm | Edited 10:29pm
Does anyone know of an EA script that would do the following:
If price crosses or bounces off the EMA 13 but fails to make it to the Bollinger band then look for price to cross the EMA instead of bouncing.

Hopefully I can attach a chart.
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  • #64,060
  • Feb 28, 2008 10:18pm Feb 28, 2008 10:18pm
Can Price Action be this easy? The answer is: Yes.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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