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

  • #80,181
  • May 12, 2008 10:04am May 12, 2008 10:04am
Quoting lilmoe
ain't that some straight up BS
You closed the short right?
Patience + Discipline - Greed = Success
  • #80,182
  • May 12, 2008 10:05am May 12, 2008 10:05am
Quoting Infinity
You closed the short right?
i closed one on my 100 pip bounce, and the other just freagin stopped out on my on B/E
  • #80,183
  • May 12, 2008 10:06am May 12, 2008 10:06am
Quoting Infinity
You closed the short right?
if 204.49 is taken out, i'm going long on m3 gann confo

i knew this was too good to be true, but oh well.. at least made some pips.
  • #80,184
  • May 12, 2008 10:08am May 12, 2008 10:08am
Quoting lilmoe
i closed one on my 100 pip bounce, and the other just freagin stopped out on my on B/E
Well at least you took some off the table. Good job

I am waiting now on a convincing break and close above the 1h 100sma, which should provide a good long opportunity.

Bless
Patience + Discipline - Greed = Success
  • #80,185
  • May 12, 2008 10:09am May 12, 2008 10:09am
What's up everybody? We got that bullish close on the hourly, and like Infinity said, that should lead the way for more bullishness. I'm waiting for the 4 hour to add to the position I just took on it kind of as a feeler.
I dream, therefore I become.
  • #80,186
  • May 12, 2008 10:13am May 12, 2008 10:13am
Quoting mike w
What's up everybody? We got that bullish close on the hourly, and like Infinity said, that should lead the way for more bullishness. I'm waiting for the 4 hour to add to the position I just took on it kind of as a feeler.
Good to see ya Mike.
Patience + Discipline - Greed = Success
  • #80,187
  • May 12, 2008 10:15am May 12, 2008 10:15am
i forgot how many times i've said this... when you see a divergence, it means NOTHING. it is just a signal that the trend might change it's direction. might!!! BUT if the divergence is not confirmed, i DO NOT enter the trade. and by the way... that one i was talking about was on daily chart. have you ever make an entry on g-j based on daily chart?
i'll come back with some examples about confirmed and unconfirmed divergences when i have some time.

Quoting mktjong
Yeah .. according to your reference that you looked at last time about "hidden bullish divergence" but the price dropped more than 300 pips
Anyway .. we all can predict but nothing is for sure ..hehe
Nihil Sine Deo.
  • #80,188
  • May 12, 2008 10:16am May 12, 2008 10:16am
Heyia Mikey W. Man you should post more here close your FORUM and defect here please hahahah. Any ideas on how high are we going on this short term uptrend? I am thinkgin mid 204 to upper 205 which is 23.6 FIB of the rise from 192 area.
  • #80,189
  • May 12, 2008 10:16am May 12, 2008 10:16am
I will feel more comfortable going long, if we get a close above the red line..
Attached Image (click to enlarge)
Click to Enlarge Name: 1hf.GIF Size: 24 KB
Patience + Discipline - Greed = Success
  • #80,190
  • May 12, 2008 10:17am May 12, 2008 10:17am
Quoting Infinity
Good to see ya Mike.
Good to see you too my man! How's it goin?

I woke up to see g/j up here again lol I actually think we'll see that test of the trendline before dropping again so I'm thinking of taking longs all the way up to it.
I dream, therefore I become.
  • #80,191
  • May 12, 2008 10:18am May 12, 2008 10:18am
Quoting mike w
What's up everybody? We got that bullish close on the hourly, and like Infinity said, that should lead the way for more bullishness. I'm waiting for the 4 hour to add to the position I just took on it kind of as a feeler.

other than m30 confirmation, DJ is at a critical position now, it just retested the broken trendline and bounced off there. if that TL is not taken out, don't jump into longs. not yet. imo
  • #80,192
  • May 12, 2008 10:20am May 12, 2008 10:20am
Quoting mike w
What's up everybody? We got that bullish close on the hourly, and like Infinity said, that should lead the way for more bullishness. I'm waiting for the 4 hour to add to the position I just took on it kind of as a feeler.
It may get a little bumpy mike. S/R area on my chart.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #80,193
  • May 12, 2008 10:20am May 12, 2008 10:20am
Quoting lilmoe
other than m30 confirmation, DJ is at a critical position now, it just retested the broken trendline and bounced off there. if that TL is not taken out, don't jump into longs. not yet. imo
This is true and thanks for the lookout! The 4 hour bar might close as an inside bar too which would make things a little easier to see on the breakout of it.
I dream, therefore I become.
  • #80,194
  • May 12, 2008 10:20am May 12, 2008 10:20am
What kind of a rollercoaster ride today is??? Can this thing just pick a direction and go there.....
  • #80,195
  • May 12, 2008 10:21am May 12, 2008 10:21am
Crude is screwing up the Dow's bullisness
Patience + Humility + Study = Success
  • #80,196
  • May 12, 2008 10:21am May 12, 2008 10:21am
Quoting mike w
Good to see you too my man! How's it goin?

I woke up to see g/j up here again lol I actually think we'll see that test of the trendline before dropping again so I'm thinking of taking longs all the way up to it.
I am doing great Mike. Last week was ok, but I have had better weeks. I think this week will be good. I am thinking longs will be the order of the week but I am waiting on confirmation. Good luck this week my friend.

Bless
Patience + Discipline - Greed = Success
  • #80,197
  • May 12, 2008 10:24am May 12, 2008 10:24am
Quoting jarroo
It may get a little bumpy mike. S/R area on my chart.
Your right on that, this nexdt hourly bar may end up negating my longs so I'll cut out of them (Just small anyways, as it was off of a one hour chart). That's when my 4 hour closes too, so I'm thinking it's just going to bounce until there before closing as an inside bar. If it does, I'm just going to place entries on either side and get some sleep that I didn't get last night (Pittsburgh Pens beat on the Philly just so everybody knows) lol
I dream, therefore I become.
  • #80,198
  • May 12, 2008 10:26am May 12, 2008 10:26am
Quoting mike w
This is true and thanks for the lookout! The 4 hour bar might close as an inside bar too which would make things a little easier to see on the breakout of it.

  • #80,199
  • May 12, 2008 10:33am May 12, 2008 10:33am
funny, the more i read this thread ( very interesting indeed) , the more i think once you have a system a follow it, the key is money management !
Price is going up.. you read then 1000 posts explaining why its going up . Then it turns back and you can read 1000 other posts explaining why it's now going down
I use it now as an indicator , nice one by the way lol
gold is gold.
  • #80,200
  • May 12, 2008 10:35am May 12, 2008 10:35am
Quoting sergevi
funny, the more i read this thread ( very interesting indeed) , the more i think once you have a system a follow it, the key is money management !
Price is going up.. you read then 1000 posts explaining why its going up . Then it turns back and you can read 1000 other posts explaining why it's now going down
I use it now as an indicator , nice one by the way lol
i trust scotty..

his prediction is good!
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