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

  • #74,641
  • Apr 22, 2008 5:05pm Apr 22, 2008 5:05pm
Another 4 hour Inside Bar. Right on a trend line. A break down could prove big.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #74,642
  • Apr 22, 2008 5:05pm Apr 22, 2008 5:05pm
Quoting jarroo
Another 4 hour Inside Bar. Right on a trend line. A break down could prove big.
Jaroo,

I'm watching that one as well, as you say, I'm letting PA show me the way
Patience + Humility + Study = Success
  • #74,643
  • Apr 22, 2008 5:08pm Apr 22, 2008 5:08pm
Quoting DutchTrader
Jaroo,

I'm watching that one as well, as you say, I'm letting PA show me the way
I looks like a low risk trade meaning that our stop loss would be on the other side of the Inside Bar (50-60 pips).
Indicators show the past. Price Action "Indicates" the future.
  • #74,644
  • Apr 22, 2008 5:16pm Apr 22, 2008 5:16pm
Quoting jarroo
I looks like a low risk trade meaning that our stop loss would be on the other side of the Inside Bar (50-60 pips).
Do I understand this right? you're thinking SL at 206?
  • #74,645
  • Apr 22, 2008 5:21pm Apr 22, 2008 5:21pm
Quoting jarroo
I looks like a low risk trade meaning that our stop loss would be on the other side of the Inside Bar (50-60 pips).
Interestingly enough that was my earlier trade took it down to 204.20ish for a short then it bounced off that TL
Patience + Humility + Study = Success
  • #74,646
  • Apr 22, 2008 5:42pm Apr 22, 2008 5:42pm
Quoting DutchTrader
Interestingly enough that was my earlier trade took it down to 204.20ish for a short then it bounced off that TL
I'm not an expert, but I think this pair may go up, EUR - Down, JPY - UP, but btw, have you ever looked at CHF/JPY? It has a range that it barely ever breaks out of. The 4HR candles are only 30 PIPs (historically). it's like a mini GBP/JPY.
  • #74,647
  • Apr 22, 2008 5:48pm Apr 22, 2008 5:48pm
Quoting Clouds
I'm not an expert, but I think this pair may go up, EUR - Down, JPY - UP, but btw, have you ever looked at CHF/JPY? It has a range that it barely ever breaks out of. The 4HR candles are only 30 PIPs (historically). it's like a mini GBP/JPY.
I'm expecting a turn in Chf/Jpy actually it's at a historical high
Patience + Humility + Study = Success
  • #74,648
  • Apr 22, 2008 5:52pm Apr 22, 2008 5:52pm
Entered at 205.68 (small position). I woulkd like to see Price moving a little harder. I will add the same at 206.07 for confirmation.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #74,649
  • Apr 22, 2008 6:00pm Apr 22, 2008 6:00pm
Double Bar Low Higher Close on the Weekly, very Bullish Price Action with a 50% retrace completed.

(Thanks aediaz1)
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Indicators show the past. Price Action "Indicates" the future.
  • #74,650
  • Apr 22, 2008 6:01pm Apr 22, 2008 6:01pm
hello all
I just woke up looks like were might have a nice ride upwards on the geppy
  • #74,651
  • Apr 22, 2008 6:07pm Apr 22, 2008 6:07pm
Quoting DutchTrader
I'm expecting a turn in Chf/Jpy actually it's at a historical high
I can only see back to 02' Do u have a larger chart maybe?
  • #74,652
  • Apr 22, 2008 6:12pm Apr 22, 2008 6:12pm
Quoting jarroo
Entered at 205.68 (small position). I woulkd like to see Price moving a little harder. I will add the same at 206.07 for confirmation.
LOL jaroo, i just woke up, looked at my chaets and longed at 70. very funny, even in our sleep, its all price action.

this is a good set up fro 200 to 300pips, where is karmo
  • #74,653
  • Apr 22, 2008 6:16pm Apr 22, 2008 6:16pm
Quoting ephisi
LOL jaroo, i just woke up, looked at my chaets and longed at 70. very funny, even in our sleep, its all price action.

this is a good set up fro 200 to 300pips, where is karmo
We'll see what happens. Price is not moving as fast as I would like. But, no one knows where Price will go.
Indicators show the past. Price Action "Indicates" the future.
  • #74,654
  • Apr 22, 2008 6:17pm Apr 22, 2008 6:17pm
Quoting ephisi
where is karmo
Still on his Honeymoon.
Indicators show the past. Price Action "Indicates" the future.
  • #74,655
  • Apr 22, 2008 7:08pm Apr 22, 2008 7:08pm
Quoting jarroo
Entered at 205.68 (small position). I woulkd like to see Price moving a little harder. I will add the same at 206.07 for confirmation.
I placed a long too:

Pluses:-In favor

QQE5 and QQE 60 crossed up in 15 min TF
Price above pivot and 1hr 100 5-sma.
Supported by this inside bar thingy
Day started right at 4hr -5sma, good risk reward ratio

Minuses: Against

Tokyo price action usually slow
Tokyo famous for stop hunting

I never like placing orders in early Tokyo for the above reasons, but we will see how this goes.
  • #74,656
  • Apr 22, 2008 7:10pm Apr 22, 2008 7:10pm
Quoting GodfreyH
I placed a long too:

Pluses:-In favor

QQE5 and QQE 60 crossed up in 15 min TF
Price above pivot and 1hr 100 5-sma.
Supported by this inside bar thingy
Day started right at 4hr -5sma, good risk reward ratio

Minuses: Against

Tokyo price action usually slow
Tokyo famous for stop hunting

I never like placing orders in early Tokyo for the above reasons, but we will see how this goes.
Inside Bar thingy.

Nice GodfreyH.
Indicators show the past. Price Action "Indicates" the future.
  • #74,657
  • Apr 22, 2008 7:19pm Apr 22, 2008 7:19pm
tough nuts to crack
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  • #74,658
  • Apr 22, 2008 7:21pm Apr 22, 2008 7:21pm
Quoting forexlion
tough nuts to crack
Above the tunnel is good, right?
Indicators show the past. Price Action "Indicates" the future.
  • #74,659
  • Apr 22, 2008 7:21pm Apr 22, 2008 7:21pm
Quoting jarroo
Still on his Honeymoon.
how many times did he marry ?
  • #74,660
  • Apr 22, 2008 7:39pm Apr 22, 2008 7:39pm
looks like were going down to around the 205.20 area... over all I think were going to shoot up but most like near UK session open. I've got my scalpers hat on until I get a clear signal either way.
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