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

  • #75,381
  • Apr 24, 2008 11:21pm Apr 24, 2008 11:21pm
Quoting ephisi
yeah, , i know volume is quit low, but i expect a suprise in london, if we fail to break 206 today, then its back down to 204area.

i have other reasons 4 d trade, ill just use a tight SL,
I was in now way telling you not to take a trade.
I use a 1H/4H strategy and I scalp as well, so I know what you're up to, taking it both ways....

204.18 would be the bottom of this descending 4h channel we're in.
A break of the lower TL would bring 203.77 and 203.31

IF GDP is really bad..... who knows we're we'll bottom out.
  • #75,382
  • Apr 24, 2008 11:23pm Apr 24, 2008 11:23pm
Kujo yo have to understand that when reading divergernce, there are 3aspects. u may be right though, just my opinion.\



MACD neutralization
Bounce and crosses
i have forgotten the 3rd aspect but it has to do with determining overbought and oversold regions

i see di as a neutralization not a divergence

BT MACD on 4hr is trying to cross to d upside,dat tell me alot
  • #75,383
  • Apr 24, 2008 11:24pm Apr 24, 2008 11:24pm
Quoting kujo17
I was in now way telling you not to take a trade.
I use a 1H/4H strategy and I scalp as well, so I know what you're up to, taking it both ways....

204.18 would be the bottom of this descending 4h channel we're in.
A break of the lower TL would bring 203.77 and 203.31

IF GDP is really bad..... who knows we're we'll bottom out.
Justs saw dis.
  • #75,384
  • Apr 24, 2008 11:44pm Apr 24, 2008 11:44pm
It seems that the downtrend is going to start. It's better to wait for 204.65 area. If we see a bounce from the H4 bullish trend line there, market may jump up to 206.80 - 207 area before any major fall happens but when this thing crashes, my target will be 201 at least.
Discipline + Patience - Fear - Greed = Success
  • #75,385
  • Apr 24, 2008 11:53pm Apr 24, 2008 11:53pm
Quoting mike w
Hey guys and gals, looks like it's been a good week to not have been trading a lot on the gbp/jpy lol On the 4hour charts, the range is as plain as day between 206 and 204. We're towards the top of it now so if I would see some bearish action, I'd go short. On the same note, if I would see a breakout of it, then longs would be looking good.

I hope everybody's had a great week so far and good luck in your trades everyone!
Seeing that same thing, Mike.

The DBLHC (Bullish PA) that is formed would agree with the uptrend daily channel over the last few weeks. A nice hard break of the 206.12 could prove profitable. (Bullish PA in a uptrend).

Those that are using moving averages should notice that they are all coming together. (Mainly on the Daily chart). This collapsing of moving average is usually followed by a big move. Stay tuned.
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Indicators show the past. Price Action "Indicates" the future.
  • #75,386
  • Apr 25, 2008 12:10am Apr 25, 2008 12:10am
Possible downside target : 200
  • #75,387
  • Apr 25, 2008 1:04am Apr 25, 2008 1:04am
hello every one, good luck tonightgod bless you all.
The Chonchy
  • #75,388
  • Apr 25, 2008 1:29am Apr 25, 2008 1:29am
Hi all
  • #75,389
  • Apr 25, 2008 1:30am Apr 25, 2008 1:30am
Quoting ephisi
Hi all
Hi ephisi.
Indicators show the past. Price Action "Indicates" the future.
  • #75,390
  • Apr 25, 2008 1:31am Apr 25, 2008 1:31am
Quoting ephisi
and it bounced, someone give me a pat on d back,im long from 205.60
closed my long trade for 35pips, on sidelines for now
  • #75,391
  • Apr 25, 2008 1:34am Apr 25, 2008 1:34am
Quoting jarroo
Hi ephisi.
hi jim, some crazy price action, this week, Even Aus has been having a hard time

hope u rested well?
  • #75,392
  • Apr 25, 2008 1:35am Apr 25, 2008 1:35am
Quoting ephisi
hi jim, some crazy price action, this week, Even Aus has been having a hard time

hope u rested well?
Yeah, a lot of ranging movement. Rested and ready to go.
Indicators show the past. Price Action "Indicates" the future.
  • #75,393
  • Apr 25, 2008 1:36am Apr 25, 2008 1:36am
Quoting jarroo
Hi ephisi.
Hi there
The Chonchy
  • #75,394
  • Apr 25, 2008 1:37am Apr 25, 2008 1:37am
Quoting chonchy
Hi there
yo, chonchy
Indicators show the past. Price Action "Indicates" the future.
  • #75,395
  • Edited 1:42am Apr 25, 2008 1:40am | Edited 1:42am
Quoting jarroo
yo, chonchy
Strong resistance on 205.85 I asumed is was at 206, please coment on that thanks in advance
The Chonchy
  • #75,396
  • Apr 25, 2008 1:42am Apr 25, 2008 1:42am
Quoting ephisi
Hi all
Did you take that nice 1H Gann bounce short for 30 pips ?
;-)
  • #75,397
  • Apr 25, 2008 1:44am Apr 25, 2008 1:44am
is she taking power or is gone baby gone?
The Chonchy
  • #75,398
  • Apr 25, 2008 1:48am Apr 25, 2008 1:48am
I miss that one, I'm waiting for the 206 break, is it coming or no cigar? I know patience, petience, I need those karmo's pills any body have a spare one?
The Chonchy
  • #75,399
  • Apr 25, 2008 1:53am Apr 25, 2008 1:53am
Quoting kujo17
Did you take that nice 1H Gann bounce short for 30 pips ?
;-)

1hr gann bounce trades are risky for me, i only take 4hr and daily gann bounce for 50 to 100 pips, it hasnt failed this week, very effective.


Whats your experience with 1hr gann bounce i have never demoed it so i dont know how effective it is.
  • #75,400
  • Apr 25, 2008 1:56am Apr 25, 2008 1:56am
Quoting chonchy
Strong resistance on 205.85 I asumed is was at 206, please coment on that thanks in advance
My S/R levels are 206.12 and 204.10.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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