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

  • #65,541
  • Mar 5, 2008 9:05am Mar 5, 2008 9:05am
Quoting jarroo
Yes, I did.
You did? I meant in the next hour or so
  • #65,542
  • Mar 5, 2008 9:06am Mar 5, 2008 9:06am
Quoting quecee5
I would be quite careful UP HERE IMO!

IMO, PRICE needs to close above 207.30/40 area today before one could make the assumption that it's going further.

Price has just retraced 38% from the swing high and swing low (213.47 - 203.42) which could mean a few things. . .

1) The correction from the fall from 213.47 to 203.47 has completed and the down move will continue. . .

or - a close above this area would suggest that price may head toward the weekly/monthly pivot @ 208.60'ish area. . . A break up there would speak volumes!

Just my humble opinion. . .

Nice, Que. But you know this crazy chick loves the 50 fib.
Indicators show the past. Price Action "Indicates" the future.
  • #65,543
  • Mar 5, 2008 9:07am Mar 5, 2008 9:07am
Heads up!!
AMBAC TRADING HALTED!
  • #65,544
  • Mar 5, 2008 9:07am Mar 5, 2008 9:07am
Quoting mktjong
You did? I meant in the next hour or so
On the way up, of course. Adding to winning positions is what I do.
Indicators show the past. Price Action "Indicates" the future.
  • #65,545
  • Mar 5, 2008 9:15am Mar 5, 2008 9:15am
4H 50ema here at 207.60. I'm taking half my position off for 310 pips. Holding the other half for the 50 fib. How sweet it is!! Patience, patience, patience. I think I might take the rest of the week off. Congrats to all who was patient enough to stick to their longs after the past two days.
  • #65,546
  • Mar 5, 2008 9:17am Mar 5, 2008 9:17am
Quoting jarroo
Nice, Que. But you know this crazy chick loves the 50 fib.
Yeah I know but not always but heh lets see what happens. . .
  • #65,547
  • Mar 5, 2008 9:21am Mar 5, 2008 9:21am
Quoting quecee5
I would be quite careful UP HERE IMO!

IMO, PRICE needs to close above 207.30/40 area today before one could make the assumption that it's going further.

Price has just retraced 38% from the swing high and swing low (213.47 - 203.42) which could mean a few things. . .

1) The correction from the fall from 213.47 to 203.47 has completed and the down move will continue. . .

or - a close above this area would suggest that price may head toward the weekly/monthly pivot @ 208.60'ish area. . . A break up there would speak volumes!

Just my humble opinion. . .

Does this mean If we see this senario plays out we may see a test of the daily gann hi around 210.33 ish were a close below would indicate downward continuation and a close above daily gann hi will show price heading toward monthly fibs at 211.79/219.29 this month and if not???
Comments anyone?

Newbies don't know they try to find out!:surprised
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #65,548
  • Mar 5, 2008 9:22am Mar 5, 2008 9:22am
GJ8h
http://www.tradingrooms.com/chartpos...2008172016.png
GJ5m
http://www.tradingrooms.com/chartpos...2008172057.png
GJ1d CCI prediction
http://www.tradingrooms.com/chartpos...2008172035.png
  • #65,549
  • Mar 5, 2008 9:23am Mar 5, 2008 9:23am
Quoting quecee5
I would be quite careful UP HERE IMO!

IMO, PRICE needs to close above 207.30/40 area today before one could make the assumption that it's going further.

Price has just retraced 38% from the swing high and swing low (213.47 - 203.42) which could mean a few things. . .

1) The correction from the fall from 213.47 to 203.47 has completed and the down move will continue. . .

or - a close above this area would suggest that price may head toward the weekly/monthly pivot @ 208.60'ish area. . . A break up there would speak volumes!

Just my humble opinion. . .
yeah...it knocked out my second long from208.80 with a 100pips only stilll hlding my 213...hope to wake up to more piups tmmrw...take care q and every one...trade well all
Imanuel Parsifal
  • #65,550
  • Mar 5, 2008 9:24am Mar 5, 2008 9:24am
I think I shall stop listening to what others say, it only makes me take no trades at all . Some say up some say down some say careful here careful there
  • #65,551
  • Mar 5, 2008 9:24am Mar 5, 2008 9:24am
Hi Q
  • #65,552
  • Mar 5, 2008 9:25am Mar 5, 2008 9:25am
Quoting jarroo
Nice, Que. But you know this crazy chick loves the 50 fib.
Is the 50 fib/ weekly pivot our most likly high before downward continuation??

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #65,553
  • Mar 5, 2008 9:28am Mar 5, 2008 9:28am
Quoting SimonJ
I think I shall stop listening to what others say, it only makes me take no trades at all . Some say up some say down some say careful here careful there
Listen to yourself and believe in your own analysis, the majority were screaming yesterday new low's and some saying 200 and whatnot, price is at 207 now, so stick to your guns
Trade what you see, not what you think.
  • #65,554
  • Mar 5, 2008 9:29am Mar 5, 2008 9:29am
And we got a very nice bounce. For those of you that see 200 or below, make sure you see what kind of support there is at 204.60. We might be bouncing off of it for some times.
  • #65,555
  • Mar 5, 2008 9:33am Mar 5, 2008 9:33am
Quoting Pipimintpati
Does this mean If we see this senario plays out we may see a test of the daily gann hi around 210.33 ish were a close below would indicate downward continuation and a close above daily gann hi will show price heading toward monthly fibs at 211.79/219.29 this month and if not???
Comments anyone?

Newbies don't know they try to find out!:surprised
The only thing I'm pointing out is GJ is in a corrective mode not a continuous uptrend - IMO.

Typicaly corrections can be 38% or 50% countertrend before resuming the main trend. A close above 207.30/40 area would give very high confidence that the uptrend will move further up. . .

Now, if one sees a small retrace (23.6%) lower during the NY session then back up and a close above it that would be optimal -IMO!

Sometimes it good to see the glass half full and half empty. . .
  • #65,556
  • Mar 5, 2008 9:34am Mar 5, 2008 9:34am
Quoting karmostaji
Listen to yourself and believe in your own analysis, the majority were screaming yesterday new low's and some saying 200 and whatnot, price is at 207 now, so stick to your guns
I think some people just go on this forum and post random numbers. lol. I'm not sure they actually trade their short calls. I tend to ignore a lot of posts that make no sense on here.
  • #65,557
  • Mar 5, 2008 9:36am Mar 5, 2008 9:36am
Quecee,
You're dropping pearls (of wisdom) today. Somebody ate his wheaties!
"Timing Is Everything. Really I Swear It Is"
  • #65,558
  • Mar 5, 2008 9:37am Mar 5, 2008 9:37am
Quoting vinesh2
Hi Q


I closed out 1/2 my EU position today from 1.4450 on average. . . Did u buy more or close your position!
  • #65,559
  • Mar 5, 2008 9:38am Mar 5, 2008 9:38am
Well I woke up to see my 204.50 triggered, which was excellent

Looking on the dailies, we'll probably see a retracement to 206.50 before another run up. 208.50 is definitely in the cards now and we'll see how price reacts there.
I dream, therefore I become.
  • #65,560
  • Mar 5, 2008 9:38am Mar 5, 2008 9:38am
Quoting quecee5
The only thing I'm pointing out is GJ is in a corrective mode not a continuous uptrend - IMO.

Typicaly corrections can be 38% or 50% countertrend before resuming the main trend. A close above 207.30/40 area would give very high confidence that the uptrend will move further up. . .

Now, if one sees a small retrace (23.6%) lower during the NY session then back up and a close above it that would be optimal -IMO!

Sometimes it good to see the glass half full and half empty. . .
Ok, Thank you!

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
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