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

  • #80,121
  • May 12, 2008 7:04am May 12, 2008 7:04am
UJ went back to the 5sma and is now bouncing off that, Dow futures easing.
Patience + Humility + Study = Success
  • #80,122
  • May 12, 2008 7:05am May 12, 2008 7:05am
bro if u're green u're good

as i said before, i had a couple of scenarios. first was shorting at the TL, if broken then reversing the trade IF a today closes ABOVE that TL.

however, right now we have an AUS 4h strategy bullish confirmation, it messed up the plan a bit, but hey, it's all good.

Quoting mktjong
Good morning lilmoe and all,

Remember last nite (or Saturday), we both agree on the retracement that it might hit the broken TL. It already did it now.. so what do u see next?
But now, I re-assess the level could possibly reach up to 207 before a reverse.
I went long last nite and set my tp limit too conservative. I could have more ..
  • #80,123
  • May 12, 2008 7:05am May 12, 2008 7:05am
at this moment...just follow the current momentum...
  • #80,124
  • May 12, 2008 7:06am May 12, 2008 7:06am
Quoting ffujifilm
at this moment...just follow the current momentum...

yep yep yep!

i'm closing 30% of my shorts at h4 5sma.
  • #80,125
  • May 12, 2008 7:08am May 12, 2008 7:08am
watch out for 30m gann. that SOB gets in my darn way all the darn time.
  • #80,126
  • May 12, 2008 7:09am May 12, 2008 7:09am
Quoting lilmoe
lol, i wouldn't call 30 pips a bounce.

It's almost 50 now. What qualifys as a bounce?
  • #80,127
  • May 12, 2008 7:11am May 12, 2008 7:11am
Attached Image (click to enlarge)
Click to Enlarge Name: m30 fe100.gif Size: 35 KB
  • #80,128
  • May 12, 2008 7:11am May 12, 2008 7:11am
Quoting Dmac
It's almost 50 now. What qualifys as a bounce?

at least 100
  • #80,129
  • May 12, 2008 7:12am May 12, 2008 7:12am
Any prediction on where price is heading I am short since 202.60 38 fib of the rise from 192
  • #80,130
  • May 12, 2008 7:18am May 12, 2008 7:18am
Quoting lilmoe
at least 100
give it time It's comin.
  • #80,131
  • May 12, 2008 7:20am May 12, 2008 7:20am
Quoting vinesh2
Any prediction on where price is heading I am short since 202.60 38 fib of the rise from 192
202.30-.40 and then back up again
Trade what you see, not what you think.
  • #80,132
  • May 12, 2008 7:23am May 12, 2008 7:23am
Quoting karmostaji
202.30-.40 and then back up again
if this 4h candle closes below 202 then longs need to be VERY Careful.
  • #80,133
  • May 12, 2008 7:33am May 12, 2008 7:33am
My preview chart on Saturday...just sit back and relax and move my SL just in case.

http://img374.imageshack.us/img374/8...previewza9.gif
  • #80,134
  • May 12, 2008 7:33am May 12, 2008 7:33am
Quoting vinesh2
Any prediction on where price is heading I am short since 202.60 38 fib of the rise from 192
204area it the top part of the channel after it took a bounce from the bottom...screen shot below
Imanuel Parsifal
  • #80,135
  • May 12, 2008 7:36am May 12, 2008 7:36am
Quoting lilmoe
at least 100
No strict definition, it's all subjective.
  • #80,136
  • May 12, 2008 7:42am May 12, 2008 7:42am
To back my claim if the price shall reach 207 .. it's still under experimental/observation. The price may first retrace back to 4 hr 5 sma, but with current strength is quite unlikely..It has retraced back to hourly 5 sma, but nothing is impossible in forex
Attached Image
  • #80,137
  • May 12, 2008 7:42am May 12, 2008 7:42am
Quoting karmostaji
202.30-.40 and then back up again
iam wating this area for long
  • #80,138
  • May 12, 2008 7:43am May 12, 2008 7:43am
Quoting forexmoments
No strict definition, it's all subjective.

100 pips is strictly according to me...
  • #80,139
  • May 12, 2008 7:49am May 12, 2008 7:49am
Quoting lilmoe
100 pips is strictly according to me...
as long as in green pips bounce...
  • #80,140
  • May 12, 2008 7:49am May 12, 2008 7:49am
Dow futures easing, UJ easing.
Patience + Humility + Study = Success
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