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

  • #69,341
  • Mar 18, 2008 5:14am Mar 18, 2008 5:14am
Quoting kotaro-san
i already short at 196.40 and i believe its the high for today. maybe it will retest the price again
That is too risky, they do indeed have the 4h chart on their side. Not a strong bullish movement so far, I think we all agree on that, but who knows what's coming until the end of the day
  • #69,342
  • Mar 18, 2008 5:15am Mar 18, 2008 5:15am
Quoting quecee5


nice day so far ....expecting some volatility from all the crazy news and whatnot to come.....scalping this craziness may be the best option.... watch your backs keep your gun loaded...be ready to dive for cover etc...lol pick a metaphor u like



just think any litlle news can set this baby off again...... rate decision later plus big banks like lehman etc. have earnings reports today.....


can get nuts or could all be priced in ....lets see


  • #69,343
  • Mar 18, 2008 5:15am Mar 18, 2008 5:15am
Quoting quecee5
Hmmmmmmmm =
NY hasn't even gotten into play yet, could see UJ go a bit higher before the rate announcement which could drive GJ up further. . .

Good luck on your trade. . .
maybe u shud believe me this time .. or i need to adjust my all-time-winning system
  • #69,344
  • Mar 18, 2008 5:17am Mar 18, 2008 5:17am
Quoting dagoods
just think any litlle news can set this baby off again...... rate decision later plus big banks like lehman etc. have earnings reports today.....
exactly
  • #69,345
  • Mar 18, 2008 5:20am Mar 18, 2008 5:20am
Hy all!

Effilang, could you please share that indicator (at least this is what I belive that is) that shows the time left till the clousure of the curent chandle... pls

Thanks
  • #69,346
  • Mar 18, 2008 5:21am Mar 18, 2008 5:21am
What supporting data/analysis do u have that would back-up your point? All I believe is the charts that's sitting in front of me. . .

I trade what I see not what someone else says. . .
Show me a chart that shows that price has hit a high for the day. . .

What I see is price should now have support above 195.70/90 area which is the daily support. . . A break of this support is when I will reconsider my position otherwise I'm long to the next target. . .
  • #69,347
  • Mar 18, 2008 5:24am Mar 18, 2008 5:24am
Quoting quecee5
What supporting data/analysis do u have that would back-up your point? All I believe is the charts that's sitting in front of me. . .

I trade what I see not what someone else says. . .
Show me a chart that shows that price has hit a high for the day. . .

What I see is price should now have support above 195.90 area which is the daily support. . . A break of this support is when I will reconsider my position otherwise I'm long to the next target. . .
its bearish so short now, mate.

how do i know its high for today? open up H4
  • #69,348
  • Mar 18, 2008 5:25am Mar 18, 2008 5:25am
CandleTime.ex4
Attached File(s)
File Type: ex4 CandleTime.ex4   2 KB | 380 downloads
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #69,349
  • Mar 18, 2008 5:28am Mar 18, 2008 5:28am
Quoting kotaro-san
its bearish so short now, mate.

how do i know its high for today? open up H4
Are you just basing it off a potential double top?
  • #69,350
  • Mar 18, 2008 5:28am Mar 18, 2008 5:28am
Quoting kotaro-san
its bearish so short now, mate.

how do i know its high for today? open up H4
Oh, okay? =
  • #69,351
  • Mar 18, 2008 5:29am Mar 18, 2008 5:29am
Quoting Pirin
That is too risky, they do indeed have the 4h chart on their side. Not a strong bullish movement so far, I think we all agree on that, but who knows what's coming until the end of the day
im riding this just wake-up bear
  • #69,352
  • Mar 18, 2008 5:32am Mar 18, 2008 5:32am
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
  • #69,353
  • Mar 18, 2008 5:33am Mar 18, 2008 5:33am
That was just a standard bounce off the 4H gann. If you shorted at the 4H gann and put your sl above it, you would have been in good pips. As for my long, I like to take profit at these gann levels. Then wait for a confirmation of a break to re-enter long. If you've been noticing, gann lines are very strong S/R levels and often they do not get broken on the first try. It takes multiple bounces until they are broken. Just my observation.
  • #69,354
  • Mar 18, 2008 5:34am Mar 18, 2008 5:34am
Quoting kotaro-san
im riding this just wake-up bear
There is a double top, but I don't see any divergence. This could very well be the 4hr gann line bounce and retrace to 5-sma.
  • #69,355
  • Mar 18, 2008 5:34am Mar 18, 2008 5:34am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..

somehin like what? hope every 1 $ = 1 Yen soon
  • #69,356
  • Mar 18, 2008 5:35am Mar 18, 2008 5:35am
Aus are you indicating towards CBs intervention after NY open? thanks in advance mate.
regards
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
  • #69,357
  • Mar 18, 2008 5:35am Mar 18, 2008 5:35am
Quoting kotaro-san
its bearish so short now, mate.

how do i know its high for today? open up H4
LOL!
where thought goes energy flows
  • #69,358
  • Mar 18, 2008 5:35am Mar 18, 2008 5:35am
Can you elaborate?

Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
Regards, Android.
  • #69,359
  • Mar 18, 2008 5:36am Mar 18, 2008 5:36am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
hi aus
  • #69,360
  • Mar 18, 2008 5:36am Mar 18, 2008 5:36am
Quoting auslanco
guys be careful with your GJ trades.. something big can happen within the next 3-6 hrs.. do not take too much risks..
What sup bro? That's why trade management is so important. If you're in profit, move sl to BE or plus pips to protect your pips. If you're not in profit, hide your sl behind a gann line. Even a 1000 pips move against you when you're away, it would look like just another stopped out(for profit or loss) trade.
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