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

  • #79,161
  • May 7, 2008 11:05pm May 7, 2008 11:05pm
Well guys . . . here we are again.
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Indicators show the past. Price Action "Indicates" the future.
  • #79,162
  • May 7, 2008 11:06pm May 7, 2008 11:06pm
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 11:08pm May 7, 2008 11:07pm | Edited 11:08pm
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 11:07pm May 7, 2008 11:07pm
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 11:17pm May 7, 2008 11:12pm | Edited 11:17pm
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 11:16pm May 7, 2008 11:16pm
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 11:20pm May 7, 2008 11:20pm
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 11:21pm May 7, 2008 11:21pm
closed my short what next

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  • #79,169
  • May 7, 2008 11:22pm May 7, 2008 11:22pm
Quoting warta
closed my short what next

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I'm long now. Good job on Short!
  • #79,170
  • May 7, 2008 11:26pm May 7, 2008 11:26pm
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 11:27pm May 7, 2008 11:27pm
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 11:28pm May 7, 2008 11:28pm
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 11:30pm May 7, 2008 11:30pm
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 11:30pm May 7, 2008 11:30pm
it look nice ..... channels

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its time


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  • #79,175
  • May 7, 2008 11:31pm May 7, 2008 11:31pm
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 11:32pm May 7, 2008 11:32pm
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 11:34pm May 7, 2008 11:34pm
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 11:36pm May 7, 2008 11:36pm
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 11:37pm May 7, 2008 11:37pm
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 11:41pm May 7, 2008 11:41pm
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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