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

  • #64,541
  • Mar 3, 2008 3:58am Mar 3, 2008 3:58am
Quoting jarroo
Maybe fill the gap and then fall.
the gap 1s around 206.15, do you think it will go that far?
  • #64,542
  • Mar 3, 2008 3:59am Mar 3, 2008 3:59am
U/J is making a bid to go higher.. but needs more pips up to break through... or fade away... 30 min chart
  • #64,543
  • Mar 3, 2008 4:02am Mar 3, 2008 4:02am
Quoting marcb
the gap 1s around 206.15, do you think it will go that far?
I don't know. No one knows where Price may go.

I'll wait for the close of this 4 hour candle and see if Price Action can give me clue.
Indicators show the past. Price Action "Indicates" the future.
  • #64,544
  • Mar 3, 2008 4:02am Mar 3, 2008 4:02am
hmmmmmmmmmm


Mar 3 4:48am †Change%ChangeLevelhttp://custom.marketwatch.com/1.gifhttp://custom.marketwatch.com/custom...ock-premkt.gifDow-87.00-0.71%12,219.00http://custom.marketwatch.com/custom...ock-premkt.gifNASDAQ-7.00-0.40%1,741.25http://custom.marketwatch.com/custom...ock-premkt.gifS&P-5.70-0.43%1,325.60
  • #64,545
  • Mar 3, 2008 4:03am Mar 3, 2008 4:03am
We just got the 1st 1H candle to close above the Gann hilo since 211

In other words, a bullish sign.
Trade what you see, not what you think.
  • #64,546
  • Mar 3, 2008 4:03am Mar 3, 2008 4:03am
Quoting karmostaji
Maybe we should just follow the chart :
O.K. lol
Indicators show the past. Price Action "Indicates" the future.
  • #64,547
  • Mar 3, 2008 4:03am Mar 3, 2008 4:03am
I don't see this pair go above 205.65 area today unless there's a strong fundamental reason..the pair could attempt for new low's before end of the daily candle.
Tomorrow will be the Karmo's retraco day IMO
  • #64,548
  • Mar 3, 2008 4:06am Mar 3, 2008 4:06am
Quoting karmostaji
We just got the 1st 1H candle to close above the Gann hilo since 211

In other words, a bullish sign.
Oh 211.00, I thought meant Feb the 11th.
Indicators show the past. Price Action "Indicates" the future.
  • #64,549
  • Mar 3, 2008 4:06am Mar 3, 2008 4:06am
Hi all!

I'm still in the learning stage but I just think I might help by ofering an opinion. I think that it's possible to reconfirm the 205 psy level. What do you think?
  • #64,550
  • Mar 3, 2008 4:07am Mar 3, 2008 4:07am
Quoting jarroo
Oh 211.00, I thought meant Feb the 11th.
LOL damn that would be nuts, you need some sleep bro.
Trade what you see, not what you think.
  • #64,551
  • Mar 3, 2008 4:09am Mar 3, 2008 4:09am
based on 4hr close this thing is suppose to re-test 203.50...though the bulls are struggling to win it..better to sit on the side line until something clear happens
Imanuel Parsifal
  • #64,552
  • Edited 4:12am Mar 3, 2008 4:10am | Edited 4:12am
That little dip into the 203.5 area was a classic attempt to take out some stops and act as a fake breakout for shorts. On my IBFX chart, I got 213.47 to 203.46 for a 1001 pips move. 50% retrace of this move is a huge move by itself.
  • #64,553
  • Mar 3, 2008 4:11am Mar 3, 2008 4:11am
Quoting sycho
based on 4hr close this thing is suppose to re-test 203.50...though the bulls are struggling to win it..better to sit on the side line until something clear happens
do any of you trade the beautiful ranges on G/J while most sit out?
  • #64,554
  • Mar 3, 2008 4:12am Mar 3, 2008 4:12am
I think an inverse H&S formation is highly probable to form. As auslanco said, 205.60-70 area seems to be a normal place for the pair to pull back and build the second shoulder.

If I see such a thing with a bullish divergence and certainly PA, I'll enter hard long targeting 208.50 which is %50 fib retracement.
Discipline + Patience - Fear - Greed = Success
  • #64,555
  • Mar 3, 2008 4:14am Mar 3, 2008 4:14am
Quoting karmostaji
LOL damn that would be nuts, you need some sleep bro.
I do. You're right. I'm getting too silly.:surprised I'm out of my shorts 204.00. And I'll take small long when Price tells me too.

See ya gang,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #64,556
  • Mar 3, 2008 4:14am Mar 3, 2008 4:14am
Quoting $teve
That little dip into the 203.5 area was a classic attempt to take out some stops and act as a fake breakout for shorts. On my IBFX chart, I got 213.47 to 203.46 for a 1001 pips move. 50% retrace of this move is a huge move by itself.

One person's Stop hunt is the other person's Profit hunt
  • #64,557
  • Mar 3, 2008 4:19am Mar 3, 2008 4:19am
Quoting lonespruce
do any of you trade the beautiful ranges on G/J while most sit out?
while dont you take a look at this two screen shot 5min apart
Attached Images
Imanuel Parsifal
  • #64,558
  • Mar 3, 2008 4:23am Mar 3, 2008 4:23am
Quoting sycho
while dont you take a look at this two screen shot 5min apart

I see a 13 pip difference on a 4 hour chart... kind of hard to see a short term range on a 4h chart isn't it?

i think i might have missed something
  • #64,559
  • Mar 3, 2008 4:29am Mar 3, 2008 4:29am
Quoting lonespruce
I see a 13 pip difference on a 4 hour chart... kind of hard to see a short term range on a 4h chart isn't it?

i think i might have missed something
now add this one...what do you see
Attached Image
Imanuel Parsifal
  • #64,560
  • Mar 3, 2008 4:30am Mar 3, 2008 4:30am
Quoting auslanco
One person's Stop hunt is the other person's Profit hunt
That's true. Now if only brokers start hunting for our tp and not their tp...
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