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

  • #72,221
  • Apr 7, 2008 5:44pm Apr 7, 2008 5:44pm
Quoting ak4x
Sorry, they all look alike to me...
I think Maggie is the one you need to draw your Fib on...
  • #72,222
  • Apr 7, 2008 5:48pm Apr 7, 2008 5:48pm
i'm not sure if u guys see what what i see... but i think i just saw a rabbit in my room...

oh well i guess i'm just too darn sleepy, and tired...


goodnight all!!! i'm going to have some good "dreams"
  • #72,223
  • Apr 7, 2008 6:12pm Apr 7, 2008 6:12pm
new daily and 12hr candles and momentoms
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  • #72,224
  • Apr 7, 2008 6:13pm Apr 7, 2008 6:13pm
Shahroodi, could you explain those charts. I'm not familiar with MOM indicators.
Patience + Humility + Study = Success
  • #72,225
  • Apr 7, 2008 6:39pm Apr 7, 2008 6:39pm
Quoting shahroodi
new daily and 12hr candles and momentoms
based upon momentoms, it still seems bullish but has a strong and stubborn resistance in front of itself...BTW i think we will be in range....momentoms are not strong bullish but bulls are stronger than bears.
i mean with this type of momentoms , i don't think price be able to break out from this range(neither up nor down)...time will tell us soon
  • #72,226
  • Apr 7, 2008 7:34pm Apr 7, 2008 7:34pm
gbpjpy start moving down rite now..
+25 rite now
  • #72,227
  • Apr 7, 2008 8:09pm Apr 7, 2008 8:09pm
As I stated earlier, this 1h 100sma has been rock solid support and still is.:surprised
Patience + Discipline - Greed = Success
  • #72,228
  • Apr 7, 2008 8:37pm Apr 7, 2008 8:37pm
Quoting Infinity
As I stated earlier, this 1h 100sma has been rock solid support and still is.:surprised
Yep, looking like we're going to test the upside again
Patience + Humility + Study = Success
  • #72,229
  • Apr 7, 2008 9:00pm Apr 7, 2008 9:00pm
Quoting Infinity
As I stated earlier, this 1h 100sma has been rock solid support and still is.:surprised
...and the weekly 10 sma a solid resistence
  • #72,230
  • Apr 7, 2008 10:13pm Apr 7, 2008 10:13pm
This should be telling...
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  • #72,231
  • Apr 8, 2008 12:03am Apr 8, 2008 12:03am
Congrats to all bears who stuck to there guns on there position. Looks like GJ headed for 203, then 202.25 area 1st targets. I'm whicha' from 204 area for the ride down. . .
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  • #72,232
  • Apr 8, 2008 12:10am Apr 8, 2008 12:10am
Quoting quecee5
Congrats to all bears who stuck to there guns on there position. Looks like GJ headed for 203, then 202.25 area 1st targets. I'm whicha' from 204 area for the ride down. . .
man i'm impressed with ya q. you always get in at the top for sells and at the bottom for buys. amazin'. do you ever lose?
  • #72,233
  • Apr 8, 2008 12:22am Apr 8, 2008 12:22am
Quoting quecee5
Congrats to all bears who stuck to there guns on there position. Looks like GJ headed for 203, then 202.25 area 1st targets. I'm whicha' from 204 area for the ride down. . .
hi que
i think exactly what you think just more downside to around 200.00
  • #72,234
  • Apr 8, 2008 12:26am Apr 8, 2008 12:26am
Quoting timewilltell
man i'm impressed with ya q. you always get in at the top for sells and at the bottom for buys. amazin'. do you ever lose?
Yep, loss all the time but not more than I'm willing to risk. . . Most time I set BE SL or +1 SL. . . When I'm unsure of a trade then I "don't trade" simply put!

With this trade I was long from 202.25 area and watch price go up, I added to my trade at 203.70 area, held the position to the NY market closed and collected the positive interest. I waited for price to go up to close my long positions but this time it made a lower low. . .

My indicators were bearish (ZL and mom) which allowed me to watch price range for a bit which was also an opportunity to get short. . . The risk in this trade was very low since price stalled at 204.19/30 area several times. If the trade went against me the most I would lose would be 25/30 pips which is minimal compared to the reward of 150-200 pips if I guessed right. . .

Also, check out www.actionforex.com which basically gives you the trading range, pivots an otherwise to aide you in where price could go and where price could top out. . . Works like a charm! That couple with my indicators and patience helps me to get very good entry which is very important in trading.

Hope this helps. . .

p.s.

If I lose on a trade I spend spend time figuring out what went wrong in my analysis, this way I can learn from my own mistakes and incorporate that in my trading strategy.
  • #72,235
  • Apr 8, 2008 12:31am Apr 8, 2008 12:31am
Quoting quecee5
Congrats to all bears who stuck to there guns on there position. Looks like GJ headed for 203, then 202.25 area 1st targets. I'm whicha' from 204 area for the ride down. . .
So how far down are you going to ride it out - 203 or 202.25?
History is written by the victors.
  • #72,236
  • Apr 8, 2008 12:38am Apr 8, 2008 12:38am
Quoting quecee5
Congrats to all bears who stuck to there guns on there position. Looks like GJ headed for 203, then 202.25 area 1st targets. I'm whicha' from 204 area for the ride down. . .
Bears or Bulls, we make a money,

I love this GAME
  • #72,237
  • Apr 8, 2008 12:40am Apr 8, 2008 12:40am
Price is headed down to 202.25/45 area shortly, I will re-evaluate my position once it gets there. . . If it bounces there price will go back up to challenge intraday support turned resistance. A failure to get above that resistance would suggest more downside is forthcoming. . .

In that case I would hold the short. . .
  • #72,238
  • Apr 8, 2008 12:44am Apr 8, 2008 12:44am
Quoting Money-RX
So how far down are you going to ride it out - 203 or 202.25?
Here's what I'm looking at bro, it speaks volumes. . .

multiple chart for you. . .
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  • #72,239
  • Apr 8, 2008 12:51am Apr 8, 2008 12:51am
Quoting danryman78
hi que
i think exactly what you think just more downside to around 200.00
If price breaks 55 ema on 4hr which comes in at 201.90 area I would agree. . . Also, remember you have daily and weekly support ar'd 201.30 area which GJ bounced from sunday night. . .JMHO!
  • #72,240
  • Apr 8, 2008 12:56am Apr 8, 2008 12:56am
Quoting quecee5
Here's what I'm looking at bro, it speaks volumes. . .

multiple chart for you. . .
Thanks . Been holding shorts since London opening this morning and trying to exercise patience for a change.
History is written by the victors.
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