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

  • #73,281
  • Apr 15, 2008 10:51am Apr 15, 2008 10:51am
do we ever break that trendline or keep scalping on daily pivots
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  • #73,282
  • Apr 15, 2008 10:54am Apr 15, 2008 10:54am
Quoting DutchTrader
1.9615 DNT option is keeping the GU afloat.
DT, take another long hard look at GU when you get a chance, specifically a daily chart. Let me know what u see. . .
  • #73,283
  • Apr 15, 2008 10:54am Apr 15, 2008 10:54am
Quoting lilmoe
ummm, guys

i really wouldn't call a "61.8 fibo retracement" a "bullish sign"...
Okay, its going up. That better?
Patience + Humility + Study = Success
  • #73,284
  • Apr 15, 2008 10:58am Apr 15, 2008 10:58am
Quoting quecee5
DT, take another long hard look at GU when you get a chance, specifically a daily chart. Let me know what u see. . .
Trendline at 1.9549
Patience + Humility + Study = Success
  • #73,285
  • Apr 15, 2008 11:04am Apr 15, 2008 11:04am
Quoting karmostaji
sell rallies, trend is down
karmo waiting to sell around 199.85 area , I love money
Trade what you see, not what you think.
  • #73,286
  • Apr 15, 2008 11:07am Apr 15, 2008 11:07am
Quoting karmostaji
karmo waiting to sell around 199.85 area , I love money

Karmo .... 199.5 is monthly pivot ... we break that we are breaking a down channel also , be careful on selling so close above the pivot.

Just a heads up ....
Blogging daily now at www.volume.zone
  • #73,287
  • Apr 15, 2008 11:08am Apr 15, 2008 11:08am
whats everyones targets from 199.85? Tp 198.6 for me
  • #73,288
  • Apr 15, 2008 11:09am Apr 15, 2008 11:09am
Quoting karmostaji
karmo waiting to sell around 199.85 area , I love money
i would add more shorts if 78.6 fibo was reached
  • #73,289
  • Apr 15, 2008 11:12am Apr 15, 2008 11:12am
Quoting Genics
whats everyones targets from 199.85? Tp 198.6 for me
You all ignoring something major ,,, what is this 199.85

Both daily and monthly pivots at 199.5.if it gets to 199.85 these will both become support.
Blogging daily now at www.volume.zone
  • #73,290
  • Apr 15, 2008 11:14am Apr 15, 2008 11:14am
Quoting lilmoe
i would add more shorts if 78.6 fibo was reached
Trade what you see, not what you think.
  • #73,291
  • Apr 15, 2008 11:16am Apr 15, 2008 11:16am
Quoting malcolmb14
Karmo .... 199.5 is monthly pivot ... we break that we are breaking a down channel also , be careful on selling so close above the pivot.

Just a heads up ....
malcolmb14 .... 200.40 is weekly pivot and close to a TL and 4H 50ema , be careful on buying so close below the pivot.

Just a heads up ....
Trade what you see, not what you think.
  • #73,292
  • Apr 15, 2008 11:17am Apr 15, 2008 11:17am
Quoting karmostaji
which one wins Monthly pivot at 199.58 or a fib on a 60 min chart ???

mmmmm

i am short off 199.60

stop 35 pips
Blogging daily now at www.volume.zone
  • #73,293
  • Apr 15, 2008 11:18am Apr 15, 2008 11:18am
I'm short from 199.44 TP 197.50
  • #73,294
  • Apr 15, 2008 11:20am Apr 15, 2008 11:20am
Quoting malcolmb14
waiting for sell trigger 199.15 to be filled with down side target 198.6
Enjoy the postings everyone-very informative!
Question Malcolm: 1) would your short entry be a straight break below 199.15 or wait for close below on a specific TF?
2) Do you feel at this time of day there is enough momentum to carry down much under 199?
IMO if next 60 mn candle closes above 199.70 could see her take it up 70-100 pts. Plenty of upward room on stochs, close above 50 ema etc.
Hope is not a trading strategy
  • #73,295
  • Apr 15, 2008 11:22am Apr 15, 2008 11:22am
Quoting malcolmb14
waiting for sell trigger 199.15 to be filled with down side target 198.6

Karmo .. did I say anything about going long ?

all i was doing was giving you the heads up about the monthly pivot as you seemed not to have seen it .. that is all . Thanks for the sarcastic response .

I am short off Montly pivot at 199.54 entry
Blogging daily now at www.volume.zone
  • #73,296
  • Apr 15, 2008 11:25am Apr 15, 2008 11:25am
i see while i was busy writing everybody went short so i guess disregard the question about the 199.15 short entry...
Hope is not a trading strategy
  • #73,297
  • Apr 15, 2008 11:26am Apr 15, 2008 11:26am
the 4 hour trendline was rejected so its down back to 198.64 / 74 area
  • #73,298
  • Apr 15, 2008 11:29am Apr 15, 2008 11:29am
Quoting cliffhanger
Enjoy the postings everyone-very informative!
Question Malcolm: 1) would your short entry be a straight break below 199.15 or wait for close below on a specific TF?
2) Do you feel at this time of day there is enough momentum to carry down much under 199?
IMO if next 60 mn candle closes above 199.70 could see her take it up 70-100 pts. Plenty of upward room on stochs, close above 50 ema etc.
sell trigger was 199.39 , entry 15 pips lower , I called it 199.15, But as we kept banging on the Monthly pivot ( which is also the daily pivot today) i took the sell early

There could be a sell off into close of ym as it seems to be flirting with a 61.8% retrace of this mornings move ( however is still above yesterdays close) , with the rapid rsi pointing down , from the overbought zone. this could take gj down into that 198.6 zone quickly once more today .

On the longer term time frames there does seem to be some bullish divergence . The 60 min candles are pivoting arounfd the 50 sma right now and seem unable to find true direction . That 198.6 level has been forming amjor support.

In my mind the markets should have crashed on the PPi news , but becuase of the slew of strong earnings this morning the markets seem to be holding up very well .

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  • #73,299
  • Apr 15, 2008 11:42am Apr 15, 2008 11:42am
Malcolm,

Thanks for the reply. I am not as sophisticated in that I do not take stock market close into consideration in my analysis. Perhaps I should.
The thing I see right now is 7 of 10 60 mn candles today are bullish. The bear wicks are not convincing to say the least. I'll sell if it breaks 199 and settle for a smaller scalp 20-30. I already got 21 earlier today.
Hope is not a trading strategy
  • #73,300
  • Apr 15, 2008 11:44am Apr 15, 2008 11:44am
Quoting cliffhanger
Malcolm,

Thanks for the reply. I am not as sophisticated in that I do not take stock market close into consideration in my analysis. Perhaps I should.
The thing I see right now is 7 of 10 60 mn candles today are bullish. The bear wicks are not convincing to say the least. I'll sell if it breaks 199 and settle for a smaller scalp 20-30. I already got 21 earlier today.
I am a day trader .. been sketchy today but managed 130 pips
Blogging daily now at www.volume.zone
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