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

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

#78,461
May 6, 2008 6:47am May 6, 2008 6:47am

PandoraBox
Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts

Quoting OrionsWay

Disliked

well exactly, thats why, for the order of things since beginning of markets have always suggested that things must balance when out of balance before next progression can take place, that being said, doesnt mean we cant bounce off the bottom a cpl time before the break.

Ignored

Agree and at the end only us to decide

#78,462
May 6, 2008 6:48am May 6, 2008 6:48am

GodfreyH
Joined Aug 2007 | Status: Jamaica | 1,069 Posts

Quoting shakesfx

Disliked

Fantastic, price dropped as soon as I entered the trade...don't you love this pair LOL, lets see if we just retest today's low again...

Ignored

Price action on 4 hr time frame suggests room to go down. If I were going long, I would have waited for price to retest the daily gann. Good risk/reward ratio at that point. I would probably want to see the new 4hr momentums as well.

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#78,463
May 6, 2008 6:49am May 6, 2008 6:49am

shakesfx
| Membership Revoked | Joined Apr 2008 | 2,468 Posts

Quoting OrionsWay

Disliked

believe in your ability, and rely on noone, noone has ever grasped orderflow overnight so dont beat yourself up if wrong. Just learn from your mistakes

Ignored

I think I've made a mistake with this one....feels very bearish at the moment, could be they just want to drive it low again for a better price...OR its a Long squeeze...again.

#78,464
May 6, 2008 6:55am May 6, 2008 6:55am

OrionsWay
Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts

Quoting shakesfx

Disliked

I think I've made a mistake with this one....feels very bearish at the moment, could be they just want to drive it low again for a better price...OR its a Long squeeze...again.

Ignored

Not sure what TF's u looking at BUT this is just intraday play as it is everyday, maybe u are trying to catch every little swing, you will change your views quickly if thats the case. BUT today is a buy day according to my stuff, that = what, buy from high prices or buy from lo prices, where do they commit. Much to know when dealing with global activities

"Millionaires don't use astrology, billionaires do"

#78,465
May 6, 2008 6:59am May 6, 2008 6:59am

khaled22
| Joined Aug 2006 | Status: khaled22 | 533 Posts

I am went Short @ 206.30 waiting 203 area i hope that
The trende in 1H, 4H is very bearish (strong)

#78,466
May 6, 2008 7:03am May 6, 2008 7:03am

sergevi
| Joined Mar 2007 | Status: Trader | 92 Posts

i did little shorts just to play and was lucky

but from my settings, i would buy..too. (4h, stoch=9, sma 50 up, sma 200 up ).

i wait for confirmation on stoch .....

i have a very basic system ( 50sma + stoch on 4h) .. it just works if you have the patience

gold is gold.

#78,467
May 6, 2008 7:05am May 6, 2008 7:05am

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

These are future dow and US 30 yrs bond. The latter is inversely relationship with Geppy. Both still seem to have quite a large room to maneuver

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#78,468
May 6, 2008 7:08am May 6, 2008 7:08am

shakesfx
| Membership Revoked | Joined Apr 2008 | 2,468 Posts

Quoting OrionsWay

Disliked

Not sure what TF's u looking at BUT this is just intraday play as it is everyday, maybe u are trying to catch every little swing, you will change your views quickly if thats the case. BUT today is a buy day according to my stuff, that = what, buy from high prices or buy from lo prices, where do they commit. Much to know when dealing with global activities

Ignored

Looking at the higher time frames I feel we will see 216 within the next 2 weeks (don't laugh LOL). Think this afternoon I'll see NY placing volume back into G/J and a nice run North again...Everyone's bearish at the moment, which to me means someone's going to surprise the bears by going Long and capturing the market when they don't expect it. I've taken a step back from all lower timeframes now as I couldn't see the wood for the trees. I'll stick to 4hr and above timeframes from now. I'm seeing divergence now so think we'll test todays low again and then North.

#78,469
May 6, 2008 7:14am May 6, 2008 7:14am

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

These are my trades.

I entered just about at 4 hr 5 sma line this morning. From my experience, in a downtrend, it's almost a safe bet to short at 4 hr sma, vice versa in an uptrend.

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#78,470
May 6, 2008 7:15am May 6, 2008 7:15am

PandoraBox
Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts

Daily shown pointing down

#78,471
May 6, 2008 7:18am May 6, 2008 7:18am

mktjong
| Joined Nov 2006 | Status: Trader | 5,040 Posts

Quoting shakesfx

Disliked

Ok, stopped out earlier, but price has returned above 206. Rejected off 4hr 55 SMA and daily Gann HiLo...So have gone long from 206.37, have set SL below Daily Gann and Target for me is 209. Price will drop now that I'm back in a trade LOL

Ignored

There is nothing yet to change the direction why not following it.

#78,472
May 6, 2008 7:21am May 6, 2008 7:21am

Jerry
| Joined Feb 2008 | Status: karmo's patience teach me | 734 Posts

Quoting mktjong

Disliked

These are my trades.
I entered just about at 4 hr 5 sma line this morning. From my experience, in a downtrend, it's almost a safe bet to short at 4 hr sma, vice versa in an uptrend.

Ignored

it looks good, be careful there are bulls ~ 205.70, if we dont break it now i'll go long..