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

  • #79,161
  • May 7, 2008 9:05pm May 7, 2008 9:05pm
Well guys . . . here we are again.
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Indicators show the past. Price Action "Indicates" the future.
  • #79,162
  • May 7, 2008 9:06pm May 7, 2008 9:06pm
just opened up another position
long geppy 203.54 SL: 203.19 TP: 208.75

and still holding my long from yesterday at 206.47
  • #79,163
  • Edited 9:08pm May 7, 2008 9:07pm | Edited 9:08pm
Quoting ephisi
whats your long signal based on, just fibs?
Hello ...good question. The price breached the 100, hinting to us it would go on to meet the upper ext. but also produced a Pinocchio nose on the lower TF's telling us 'not quite yet though fellas.' She will be back to hit the 213 area, it's just a matter of when which can be a tricky son of a gun.
Also on the 15 min, we have a signal that price will go back to 204.24. Furthermore, I am looking at a DLHC on the 15 min. There is a battle going on and resistance is at 204.43

Scotty B
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  • #79,164
  • May 7, 2008 9:07pm May 7, 2008 9:07pm
It is time for 1h retracement, but the new 4H mom pointing Down... (Possible 1h retrace to 203.90 or 203.70 next hour) So .. we wait.. breaking 203.30 hmm.. Yes DT your picture tells everything (nice one)
  • #79,165
  • Edited 9:17pm May 7, 2008 9:12pm | Edited 9:17pm
On the 5 min we have the swing closing high, and a double bottom. RSI on most TF's way oversold. I think winter is coming and the bears are getting sleepy.
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  • #79,166
  • May 7, 2008 9:16pm May 7, 2008 9:16pm
Quoting Scotty B
Looking at the daily, we do have a long signal to 213. Hopefully she'll find a bottom soon. I think longs will make it out alright. IMHO.

on the other hand, if 203.31 is breached, this is the scenario i'll be considering. since 61.8 fibo is in confluence with former lower TL (white), a rebound back down from 50% (arrow) would trigger more shorts on my side with a tight SL of course.

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  • #79,167
  • May 7, 2008 9:20pm May 7, 2008 9:20pm
i like the way u're using lower TFs

Quoting Scotty B
On the 5 min we have the swing closing high, and a double bottom. RSI on most TF's way oversold. I think winter is coming and the bears are getting sleepy.
  • #79,168
  • May 7, 2008 9:21pm May 7, 2008 9:21pm
closed my short what next

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  • #79,169
  • May 7, 2008 9:22pm May 7, 2008 9:22pm
Quoting warta
closed my short what next

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I'm long now. Good job on Short!
  • #79,170
  • May 7, 2008 9:26pm May 7, 2008 9:26pm
Quoting Clouds
Hm 203.5 , S/L 203.25 Target 209, PIP =35 pip loss (w/ spread), Gain 550 pip.
Risk /Reward
1:15. Hmm.
Cloud thats a damn crazy trade you made, you are crazy 'joke", lets hope you get you 209
  • #79,171
  • May 7, 2008 9:27pm May 7, 2008 9:27pm
Quoting ephisi
Cloud thats a damn crazy trade you made, you are crazy 'joke", lets hope you get you 209
Lol. Why is it crazy?
  • #79,172
  • May 7, 2008 9:28pm May 7, 2008 9:28pm
looking at the daily, we are at a very critical point. if today closes below 203.50, we're heading to 192.

Quoting Scotty B
Looking at the daily, we do have a long signal to 213. Hopefully she'll find a bottom soon. I think longs will make it out alright. IMHO.
Nihil Sine Deo.
  • #79,173
  • May 7, 2008 9:30pm May 7, 2008 9:30pm
Quoting ephisi
Cloud thats a damn crazy trade you made, you are crazy 'joke", lets hope you get you 209
It's been ranging from 209 to 203.5 the last 15 days.
  • #79,174
  • May 7, 2008 9:30pm May 7, 2008 9:30pm
it look nice ..... channels

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its time


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  • #79,175
  • May 7, 2008 9:31pm May 7, 2008 9:31pm
Quoting Scrat
looking at the daily, we are at a very critical point. if today closes below 203.50, we're heading to 192.
I agree

.........but if it doesn't..................
Patience + Discipline - Greed = Success
  • #79,176
  • May 7, 2008 9:32pm May 7, 2008 9:32pm
Quoting Clouds
Lol. Why is it crazy?
Risk reward of 1:15, buying at d bottom/catching a falling knife amongs other things.

Good trade, at least you should placee SL at BE soon.

i aint going long till my qes say so, ill be shorting around 4hr 5sma/15min 50 for 50 to 100pips if i see my signals
  • #79,177
  • May 7, 2008 9:34pm May 7, 2008 9:34pm
Quoting ephisi
Risk reward of 1:15, buying at d bottom/catching a falling knife amongs other things.

Good trade, at least you should placee SL at BE soon.

i aint going long till my qes say so, ill be shorting around 4hr 5sma/15min 50 for 50 to 100pips if i see my signals
I wouldn't call it catching knife, it's done this 3 times. More like, I feel history will repeat itself. If not, it's ok.
  • #79,178
  • May 7, 2008 9:36pm May 7, 2008 9:36pm
Quoting Scrat
looking at the daily, we are at a very critical point. if today closes below 203.50, we're heading to 192.

yep
  • #79,179
  • May 7, 2008 9:37pm May 7, 2008 9:37pm
Quoting Clouds
I wouldn't call it catching knife, it's done this 3 times. More like, I feel history will repeat itself. If not, it's ok.
I think it is an excellent trade. You stand to lose very little and you may well gain plenty pips.
Patience + Discipline - Greed = Success
  • #79,180
  • May 7, 2008 9:41pm May 7, 2008 9:41pm
FE 100% has been our rebound level for some time now, this is where i shorted at 208.95 the last time. however, i'm not adding any longs, i'm sitting sideways. we still have a chance to breach that level. interest rates today for sterling, anything could happen.

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