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

  • #67,841
  • Mar 13, 2008 2:25am Mar 13, 2008 2:25am
Quoting LeoBond
If this 4 hour candle closes in 40 min above this red trend line then we will see at least 206 today!!! IMHO Comments?
hi mate
upon this week momentoms,i think price fluctuate between 203 to 207 area

time will say us soon

ps:i take a little postion at 203.78 with 50 pip trailing stop
  • #67,842
  • Mar 13, 2008 2:25am Mar 13, 2008 2:25am
This Price Action on the Daily, DBLHC (bullish) is still play.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #67,843
  • Mar 13, 2008 2:29am Mar 13, 2008 2:29am
Bear Fell As CEO Foresees 1Q Profit
Wednesday March 12, 7:56 pm ET Bear Stearns' Shares Fell As CEO Foresees Bank Reporting a Profit for 1Q

NEW YORK (AP) -- Shares of Bear Stearns Cos. fell Wednesday after spiking on the investment bank's chief executive comments that he is "comfortable" the company's profit will fall within the range of analysts' estimates for the first quarter.

http://biz.yahoo.com/ap/080312/bear_...over.html?.v=2
  • #67,844
  • Mar 13, 2008 2:29am Mar 13, 2008 2:29am
the low lower than the DBLHC,does it still in play?
  • #67,845
  • Mar 13, 2008 2:30am Mar 13, 2008 2:30am
Quoting jarroo
This Price Action on the Daily, DBLHC (bullish) is still play.
i'm happy to hear that
  • #67,846
  • Mar 13, 2008 2:33am Mar 13, 2008 2:33am
Quoting jarroo
What you have there is a spinning top and a good looking Pin Bar on the Hourly. Back to back. Remember that Price Action carries more strenght the higher the time frame. Since this is on the hourly the reversal may be short lived. But it will reserve. Back to back reversal patterns at the end of a trend is strong on any time frame.
Hi, Jarro - can you give me , sites or any inormatsion where is about PA to read
  • #67,847
  • Mar 13, 2008 2:33am Mar 13, 2008 2:33am
Quoting afresh
the low lower than the DBLHC,does it still in play?
Yes. Price is not perfect or exact. (How can I say this . . .)

Price does not color in between the lines. Be it S/R levels, fibs, or trendlines.
Indicators show the past. Price Action "Indicates" the future.
  • #67,848
  • Mar 13, 2008 2:34am Mar 13, 2008 2:34am
Quoting LeoBond
If this 4 hour candle closes in 40 min above this red trend line then we will see at least 206 today!!! IMHO Comments?
A soon as the 4 hour candle closing above the Trend line I am definately adding Longs on the way Up!!! Green PIPing everyone!
  • #67,849
  • Mar 13, 2008 2:37am Mar 13, 2008 2:37am
Quoting shahroodi
i'm happy to hear that
do you remember my charts it looks we have now the same as we had in Jan
  • #67,850
  • Mar 13, 2008 2:37am Mar 13, 2008 2:37am
Quoting jarroo
Yes. Price is not perfect or exact. (How can I say this . . .)

Price does not color in between the lines. Be it S/R levels, fibs, or trendlines.
Do you guys understand what I'm trying to say?
Indicators show the past. Price Action "Indicates" the future.
  • #67,851
  • Mar 13, 2008 2:38am Mar 13, 2008 2:38am
Quoting LeoBond
A soon as the 4 hour candle closing above the Trend line I am definately adding Longs on the way Up!!! Green PIPing everyone!
hope so, we have to close @ 204.10 min
  • #67,852
  • Mar 13, 2008 2:38am Mar 13, 2008 2:38am
Quoting jarroo
This Price Action on the Daily, DBLHC (bullish) is still play.
yii hhaa .. I adjusted the SL to 202.80 before going to bed and barely got hit. Now, I just exited the long with 1 green pip. I am standing aside now. Looking to long again at lower price if possible. ..yeeahhh
  • #67,853
  • Mar 13, 2008 2:39am Mar 13, 2008 2:39am
Quoting Jerry
Hi, Jarro - can you give me , sites or any inormatsion where is about PA to read
The James16 Chart Thread. A must for all traders and trading styles.

http://www.forexfactory.com/showthread.php?t=2331
Indicators show the past. Price Action "Indicates" the future.
  • #67,854
  • Mar 13, 2008 2:41am Mar 13, 2008 2:41am
Quoting Jerry
do you remember my charts it looks we have now the same as we had in Jan
  • #67,855
  • Mar 13, 2008 2:44am Mar 13, 2008 2:44am
Quoting shahroodi
hi mate
upon this week momentoms,i think price fluctuate between 203 to 207 area

time will say us soon

ps:i take a little postion at 203.78 with 50 pip trailing stop
spelling check

wrong: momentom
correct: momentum
  • #67,856
  • Mar 13, 2008 2:45am Mar 13, 2008 2:45am
Quoting jarroo
Do you guys understand what I'm trying to say?
the support and resistant are both areas.
not the specific price.
if i am wrong ,plz correct me.

thanks for replying.
  • #67,857
  • Mar 13, 2008 2:45am Mar 13, 2008 2:45am
http://www.greatchicagogifts.com/fil...2571_bulls.jpg

i'll go to have a cup of tea
  • #67,858
  • Mar 13, 2008 2:46am Mar 13, 2008 2:46am
Quoting kotaro-san
spelling check

wrong: momentom
correct: momentum
  • #67,859
  • Mar 13, 2008 2:47am Mar 13, 2008 2:47am
Quoting afresh
the support and resistant are both areas.
not the specific price.
if i am wrong ,plz correct me.

thanks for replying.
Right. They are more like "areas" or "zones".
Indicators show the past. Price Action "Indicates" the future.
  • #67,860
  • Mar 13, 2008 2:53am Mar 13, 2008 2:53am
Quoting LeoBond
A soon as the 4 hour candle closing above the Trend line I am definately adding Longs on the way Up!!! Green PIPing everyone!
oh, no it looks we will not(
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