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

  • #66,861
  • Mar 7, 2008 2:34pm Mar 7, 2008 2:34pm
Dont forget daylight saving time sunday in the U.S.
  • #66,862
  • Mar 7, 2008 2:38pm Mar 7, 2008 2:38pm
k guys wish all a wonderful weekend
see ya next week


God bless u all
  • #66,863
  • Mar 7, 2008 2:40pm Mar 7, 2008 2:40pm
Quoting mktjong
It looks like it is heading back to 206.50 area and then up again to 209 area sometime next week. Well, it's my incompetent analysis
I agree man, we may even see a little lower than that, but I think next week will be bullish, just based on my charts. 213 could possibly be in the mix again depending on price action throughout the resistance levels. I'm no fortune teller so I'll let PA do that for me.

Incompetent analysis?! yeah right man! Your way too modest lol
I dream, therefore I become.
  • #66,864
  • Mar 7, 2008 2:41pm Mar 7, 2008 2:41pm
Quoting mike w
No doubt! Have a great weekend Infinity! It's been good talking to you this week and hearing your thoughts!

Quoting warta
u too infinity have a nice week and gr8 shower after the beach hehehe see ya next week 4 sure
Cheers guys
Patience + Discipline - Greed = Success
  • #66,865
  • Mar 7, 2008 2:41pm Mar 7, 2008 2:41pm
Quoting warta
k guys wish all a wonderful weekend
see ya next week


God bless u all
Alright, take it easy Warta! Have a good one man!
I dream, therefore I become.
  • #66,866
  • Mar 7, 2008 2:44pm Mar 7, 2008 2:44pm
I guess my prediction is going to be correct DOW is rallying towards the last few moments. Might see that 50% retrenchment after all. Post#66847
  • #66,867
  • Mar 7, 2008 2:49pm Mar 7, 2008 2:49pm
Hey dude ... hope all is well. Is there a Price Action indicator you use ? If so, would it be possible to get one anywhere that you know of ?

It's been great reading your posts. continuing to learn.

Thank You
  • #66,868
  • Mar 7, 2008 2:54pm Mar 7, 2008 2:54pm
Quoting Togy
Hey dude ... hope all is well. Is there a Price Action indicator you use ? If so, would it be possible to get one anywhere that you know of ?

It's been great reading your posts. continuing to learn.

Thank You
Hey man, I don't use any indicators for price action and there is no easy way out other than learning through experience by using it. Go to the "James16 chart thread" and read all of it. It can be found in the systems area of the factory. There, you'll learn about price action patterns that can help you to identify where price should be headed. There are all kinds of reading here on price action and you just have to find them all. It really gives you a better understanding of the market in general. I am actually on my way through the James16 thread again for what seems like the billionth time, but it's worth every second to me. It WILL make you a better trader to learn it all.

Now that's over lol, I'm sure I've seen somewhere that you can find a price action indicator to just tell you what patterns show up on the charts. I would recommend just learning them for yourself and applying price action into your analysis in order to gain experience. No indicator is as good as price itself.
I dream, therefore I become.
  • #66,869
  • Mar 7, 2008 2:56pm Mar 7, 2008 2:56pm
http://www.forexfactory.com/showthread.php?t=2331

There's the James16 thread. Recommended reading for everybody.
I dream, therefore I become.
  • #66,870
  • Mar 7, 2008 3:03pm Mar 7, 2008 3:03pm
Quoting mike w
Hey man, I don't use any indicators for price action and there is no easy way out other than learning through experience by using it. Go to the "James16 chart thread" and read all of it. It can be found in the systems area of the factory. There, you'll learn about price action patterns that can help you to identify where price should be headed. There are all kinds of reading here on price action and you just have to find them all. It really gives you a better understanding of the market in general. I am actually on my way through the James16 thread again for what seems like the billionth time, but it's worth every second to me. It WILL make you a better trader to learn it all.

Now that's over lol, I'm sure I've seen somewhere that you can find a price action indicator to just tell you what patterns show up on the charts. I would recommend just learning them for yourself and applying price action into your analysis in order to gain experience. No indicator is as good as price itself.
AWESOME! I think this is going to be a great weekend to stay in, read and study a little bit since we're going to be pounded with heavy snow for the millionth time this season. Man I'm sick of shovelling.

Thanks for the pointer dude! greatly appreciated!
  • #66,871
  • Mar 7, 2008 3:03pm Mar 7, 2008 3:03pm
Quoting mike w
http://www.forexfactory.com/showthread.php?t=2331

There's the James16 thread. Recommended reading for everybody.
Thanks
  • #66,872
  • Mar 7, 2008 3:09pm Mar 7, 2008 3:09pm
Dang it!!! i hate when that happens...yea i was waiting for the DOW to rally up... i got out with +5 pips on that long thinking it wouldnt break the 207.... n 10min it shoots up to 207.50!!!! it pisses me off! but oh well...have a good weekend guys n thx for everything
  • #66,873
  • Mar 7, 2008 3:26pm Mar 7, 2008 3:26pm
...Naked Trader .. on da move .nice trade today .. i will see how long it will hold my trendlines in the chart
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  • #66,874
  • Mar 7, 2008 3:29pm Mar 7, 2008 3:29pm
Hcruces, be glad you did't loose anything.
  • #66,875
  • Mar 7, 2008 3:48pm Mar 7, 2008 3:48pm
sorry bears, try harder next week lol
Trade what you see, not what you think.
  • #66,876
  • Mar 7, 2008 4:05pm Mar 7, 2008 4:05pm
Quoting mike w
Look at the weekly bar as well. This is all spelling bullishness for next week unless we take a plunge towards the end of the session.
How pretty is that weekly Pin Bar, Mike. I'm sure there will be some retrace on the Pin Bar or maybe not. I'll be ready for it either way. I'll probably use fib levels on the high and low from this past week, confluencing with Price Action of course.

(How did Karmo know that this week would end with a perfect bullish Pin Bar. The man is Magic.)

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #66,877
  • Mar 7, 2008 4:10pm Mar 7, 2008 4:10pm
Quoting jarroo
How pretty is that weekly Pin Bar, Mike. I'm sure there will be some retrace on the Pin Bar or maybe not. I'll be ready for it either way. I'll probably use fib levels on the high and low from this past week, confluencing with Price Action of course.

(How did Karmo know that this week would end with a perfect bullish Pin Bar. The man is Magic.)

Jim
Your telling me Jim! I'm thinking we'll get back to 206 probably before heading up throughout the week. If not, oh well, I already have my entries. The daily shaped up to be bullish as well so I'm thinking it will start sooner than later.
have a great weekend! It's been yet another good trading week with you!
I dream, therefore I become.
  • #66,878
  • Mar 7, 2008 4:12pm Mar 7, 2008 4:12pm
Quoting mike w
Your telling me Jim! I'm thinking we'll get back to 206 probably before heading up throughout the week. If not, oh well, I already have my entries. The daily shaped up to be bullish as well so I'm thinking it will start sooner than later.
have a great weekend! It's been yet another good trading week with you!
Its been a good week with you, my brother, have fun next week.
Indicators show the past. Price Action "Indicates" the future.
  • #66,879
  • Mar 7, 2008 5:29pm Mar 7, 2008 5:29pm
Karmo,

I wanted to thank you, Aus & the others in here...
I took a "short" Bear move @206.17, from about
2-3am ish, and held on to that baby, all the way
before NFP/Then "Bam" she did her drill!
120 "Sweet" Pips easily down...

Then it was that sweet bull ride back up & 'couldn't
stomach the laughter anymore, and took another 100 out of that !
-Had to attend to work, shucks it went 200 +!

-But it was that early morning quote stuck in my
head... for about 5hr's
"Patience... can you handle it?" I knew it-
You're right Karmo!
This game is for the patient, Period!

Grabbed another 50 pips
after towing a generator to a "Cell Site" in the rain,
on GBP/USD going down. Via my laptop.
What a week of Pippin!

Have a great wkd. all...
Thanks again for all the insights,
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #66,880
  • Mar 7, 2008 5:51pm Mar 7, 2008 5:51pm
Guys, where can I get more info on Auslanco's trade room? Help would be really appreciated.

Thanks
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