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

  • #65,981
  • Mar 6, 2008 8:29am Mar 6, 2008 8:29am
Quoting arezab
I agree karmo, this is what I saw a few hours ago. I think actually that 210.20 is the area that we can count on.

It's a confluence of Andrew's pitchforks (yellow) and fibonacci fan's %88.6 and also fibonacci's 161.8 extension. It's a little bit above 61.8 fib retracement of this major downfall from 213.50 down to 203.50 too.

but as you said, a lot of woods to be chopped on the way up there ... but patience is our weapon. Isn't it?

Just my humble point of view, I could be wrong though.
Great analysis, patience is our 'nuclear weapon' in forex
Trade what you see, not what you think.
  • #65,982
  • Mar 6, 2008 8:30am Mar 6, 2008 8:30am
Quoting arezab
I agree karmo, this is what I saw a few hours ago. I think actually that 210.20 is the area that we can count on.

It's a confluence of Andrew's pitchforks (yellow) and fibonacci fan's %88.6 and also fibonacci's 161.8 extension. It's a little bit above 61.8 fib retracement of this major downfall from 213.50 down to 203.50 too.

but as you said, a lot of woods to be chopped on the way up there ... but patience is our weapon. Isn't it?

Just my humble point of view, I could be wrong though.

That chart looks just like my 4 hour expect plot a 50 sma on 4 hour and see where it falls.

At the 50% fib level we have the 50 sma , the middle of the APF and 50 % fib to get thru.
Blogging daily now at www.volume.zone
  • #65,983
  • Mar 6, 2008 8:32am Mar 6, 2008 8:32am
Quoting jarroo
Anyone play this Inside Bar which is a spinning top and/or doji at the 207.00 S/R level. The short would have been with the down trend. Good for a half 50 pip/other half at b/e Trade. Perfect setup. I missed it . . .damn sleep.
You missed it, ok, now grab this one jarroo. This is a MSL with the retracement inside itself. so If it closes right there or above, it can be a nice buy setup ready from next candle's open to enter ... just my thoughts ...
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Discipline + Patience - Fear - Greed = Success
  • #65,984
  • Mar 6, 2008 8:34am Mar 6, 2008 8:34am
Quoting mike w
You know it man, I shorted from 207.30's, then added on that little bit down to 206, then had buy entries down at 205.95 for the long ride up. I'm looking to see at least 208.50 soon. After that, we just have to see how price reacts.

hey mike hows you man hope u r doing well
  • #65,985
  • Mar 6, 2008 8:35am Mar 6, 2008 8:35am
Quoting mike w
You know it man, I shorted from 207.30's, then added on that little bit down to 206, then had buy entries down at 205.95 for the long ride up. I'm looking to see at least 208.50 soon. After that, we just have to see how price reacts.
u da man!!!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #65,986
  • Mar 6, 2008 8:36am Mar 6, 2008 8:36am
Quoting jarroo
Nice Mike. You are the man. You know this crazy chick pretty well.

I 'm still long at 205.46 (blue line on my chart)
Nice stuff brother! I have a couple longs in from that lower level and now the positive insterest is starting to pile up. We could stick around this level forever for all it matters to me now lol

Crazy chicks are the only kind I seem to get! lol
I dream, therefore I become.
  • #65,987
  • Mar 6, 2008 8:36am Mar 6, 2008 8:36am
Quoting malcolmb14
That chart looks just like my 4 hour expect plot a 50 sma on 4 hour and see where it falls.

At the 50% fib level we have the 50 sma , the middle of the APF and 50 % fib to get thru.
oh yes 50 SMA is fine, I play with EMA's so my 100 EMA on H4 chart falls just above the target you mentioned. so no big difference bro ...
Discipline + Patience - Fear - Greed = Success
  • #65,988
  • Mar 6, 2008 8:38am Mar 6, 2008 8:38am
Quoting warta
hey mike hows you man hope u r doing well
Hey whats up warta? I saw what happened with your entry, but believe me, your still not out of the game. There are plenty more entries waiting very soon. It's looking good to me so far.
I dream, therefore I become.
  • #65,989
  • Mar 6, 2008 8:38am Mar 6, 2008 8:38am
Quoting Dat7447
TF 4H, in presence of divergence(red coloured box,enclosed the candle)/ and also on osma(fx divergence indi), just keep 205.20 in watch.If candle open and close above 50ema(207.56) ,(or single candle but rocketing)then you know the uptarget.
Good luck.It's sleeping time.
Dat, this indicator on your chart - the blue line at the bottom of your chart ... what is this?
  • #65,990
  • Mar 6, 2008 8:40am Mar 6, 2008 8:40am
Quoting mike w
Hey whats up warta? I saw what happened with your entry, but believe me, your still not out of the game. There are plenty more entries waiting very soon. It's looking good to me so far.

tkx my friend i know but am still holding my entry on 206.80 i dunno if i can find a better price if i netralize it now
  • #65,991
  • Mar 6, 2008 8:42am Mar 6, 2008 8:42am
Quoting mike w
You know it man, I shorted from 207.30's, then added on that little bit down to 206, then had buy entries down at 205.95 for the long ride up. I'm looking to see at least 208.50 soon. After that, we just have to see how price reacts.
We were in this ride from yesterday. Aint it just lovely
Patience + Discipline - Greed = Success
  • #65,992
  • Mar 6, 2008 8:43am Mar 6, 2008 8:43am
Quoting warta
simon u think the bull is over ? lol
You should not ask me I'm as much noob as you are .
I just don't know why USD/JPY is going down. Anyone knows?
  • #65,993
  • Mar 6, 2008 8:44am Mar 6, 2008 8:44am
Quoting mike w
Nice stuff brother! I have a couple longs in from that lower level and now the positive insterest is starting to pile up. We could stick around this level forever for all it matters to me now lol

Crazy chicks are the only kind I seem to get! lol
Hi Mike, the Eur/Usd pair has done really well for the long
How about Gbp/Usd, did u go long? I did and hope it goes to 2.05 area at least maybe next week ..what do u think?
  • #65,994
  • Mar 6, 2008 8:44am Mar 6, 2008 8:44am
Quoting SimonJ
You should not ask me I'm as much noob as you are .
I just don't know why USD/JPY is going down. Anyone knows?
lol
  • #65,995
  • Mar 6, 2008 8:45am Mar 6, 2008 8:45am
Quoting warta
tkx my friend i know but am still holding my entry on 206.80 i dunno if i can find a better price if i netralize it now

That's a good entry IMO, for the ride on up. We'll probably see a little bit more of a retracement at the moment though. From the last run up, we are at the 50% fib at 206.70, and the 61.8% is at 206.50. I wouldn't count out the 61.8, but I would find it unlikely to head down to there, instead of bouncing off the 50 fib. In all reality, it wouldn't be hard as it's only a 20 pip difference, which is nothin.

This hour has a chance to close as a double low higher close, and that would pave the way for more upwards movement. Jarroo taught me that one

That dblhc is only a few pips difference so I guess that doesn't matter much. Any close above 206.83 is spelling bullishness on the hourly close.
I dream, therefore I become.
  • #65,996
  • Mar 6, 2008 8:46am Mar 6, 2008 8:46am
Quoting mike w
Nice stuff brother! I have a couple longs in from that lower level and now the positive insterest is starting to pile up. We could stick around this level forever for all it matters to me now lol

Crazy chicks are the only kind I seem to get! lol
I thought I was the only one.
Indicators show the past. Price Action "Indicates" the future.
  • #65,997
  • Mar 6, 2008 8:47am Mar 6, 2008 8:47am
News in 12 mins, hopefully it can boost the DOW and we can fly to the 50% fib
Trade what you see, not what you think.
  • #65,998
  • Mar 6, 2008 8:48am Mar 6, 2008 8:48am
Quoting SimonJ
You should not ask me I'm as much noob as you are .
I just don't know why USD/JPY is going down. Anyone knows?
No one knows where Price will go. No one.
Indicators show the past. Price Action "Indicates" the future.
  • #65,999
  • Mar 6, 2008 8:48am Mar 6, 2008 8:48am
Quoting mktjong
Hi Mike, the Eur/Usd pair has done really well for the long
How about Gbp/Usd, did u go long? I did and hope it goes to 2.05 area at least maybe next week ..what do u think?

I'm gonna bring out a post from my journal for that question lol Give me just a sec. The monthlies from January said it all and I've been in that for a while.
I dream, therefore I become.
  • #66,000
  • Mar 6, 2008 8:50am Mar 6, 2008 8:50am
Quoting mike w
You know it man, I shorted from 207.30's, then added on that little bit down to 206, then had buy entries down at 205.95 for the long ride up. I'm looking to see at least 208.50 soon. After that, we just have to see how price reacts.
we are in one cab
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