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

  • #82,001
  • May 18, 2008 9:48pm May 18, 2008 9:48pm
Quoting quecee5
Why 204.19 if u don't mind me asking? Btw, 204.60 area is a good SL target IMO.
204.19 is 61.8 percent retacement of current swing and 204.41 is the previous high so expect it to be lower than that, IMHO
Has what you wanted to see made you blind?
  • #82,002
  • May 18, 2008 9:49pm May 18, 2008 9:49pm
Quoting Dunkan
204.19 is 61.8 percent retacement of current swing and 204.41 is the previous high so expect it to be lower than that, IMHO
Thxs bro. . .
  • #82,003
  • May 18, 2008 9:50pm May 18, 2008 9:50pm
Quoting Dunkan
Just curious, but why did you pick that for your target? I don't disagree, it's actually a secondary level for me as well; but I was wondering where you got that level from.
Curretnly that is the next TL down where I would expect to see some support.

Attached Image
"Keep your eyes on the helpers" - Mr. Rogers
  • #82,004
  • May 18, 2008 9:53pm May 18, 2008 9:53pm
Quoting damonl
Curretnly that is the next TL down where I would expect to see some support.

Attachment
If price closes below the daily pivot I see 202.70 area as next major support - IMO!
  • #82,005
  • May 18, 2008 9:54pm May 18, 2008 9:54pm
no prob Q
Has what you wanted to see made you blind?
  • #82,006
  • May 18, 2008 9:57pm May 18, 2008 9:57pm
Quoting damonl
Curretnly that is the next TL down where I would expect to see some support.

Attachment
gottcha, thanks
Has what you wanted to see made you blind?
  • #82,007
  • May 18, 2008 10:01pm May 18, 2008 10:01pm
Quoting quecee5
If price closes below the daily pivot I see 202.70 area as next major support - IMO!
You may indeed be right about that. I will just have to evaluate the trade tomorrow AM or PM as needed. Also...if price pushes and closes above 204.00 there may not be much stopping it from hitting 207.....although one day at a time
"Keep your eyes on the helpers" - Mr. Rogers
  • #82,008
  • May 18, 2008 10:03pm May 18, 2008 10:03pm
Quoting damonl
You may indeed be right about that. I will just have to evaluate the trade tomorrow AM or PM as needed. Also...if price pushes and closes above 204.00 there may not be much stopping it from hitting 207.....although one day at a time
  • #82,009
  • May 18, 2008 10:05pm May 18, 2008 10:05pm
Good night all. . . =
  • #82,010
  • May 18, 2008 10:09pm May 18, 2008 10:09pm
maybe...down today.....hehhe
  • #82,011
  • May 18, 2008 10:39pm May 18, 2008 10:39pm
Quoting OrionsWay
Although yes u gain the depth with futures volume, broker volume is just as relative, for each bar has a spread any every chart has basicly that same spread +- a cpl few tics, it does show the acticity level, which is all volume really is anyways, who is participating and where and when, so even broker volume shows the same attributes as Exchange volume, as far as spread analysis is concerned. Big volume= big supply/demand in futures or cash
Broker volume and TOTAL MARKET VOLUME are very different. In futures you get total market volume as it is centralized. Broker volume might spike due to large orders going through your broker .. / data feed .. does not mean that is happening in the entire market. Just my opinion.

Any platform that offers volume spread analysis does not offer forex cash as the volume is not 'real' .
Blogging daily now at www.volume.zone
  • #82,012
  • May 18, 2008 11:19pm May 18, 2008 11:19pm
Quoting mktjong
Well, I might be wrong but I think London would re-test last Friday's low before going up .. It always likes to try shooting down the price as low as possible before buying it back ..hence too early to go long at this level ..
At this point, it doesn't seem to want to go down anymore.
3 4H closes above the 5sma.
We tested the 4H Gann on the last bar, usually on the 2nd go, we get there.

We have a slightly ascending triangle on the 4H.

So far the 'long' is in the green and the SL is very tight.

I think a break of 204.18-204.40 area and we see upper 205s at least.

4H ZL MACD is breaching the 0 line and heading UP.

I truely felt last week when I went short on my 4H strat up at 204.70 we'd be at 200 by now.

Since we're not, I let go of that pipe dream.
Cash'd in and tried to catch the falling knife.

we'll see if it's a catch or a cut.........
  • #82,013
  • May 18, 2008 11:39pm May 18, 2008 11:39pm
i think its better to stay out at this moment.Maybe we can see the direction during london session.At this point of time...indicators show a possible north movement..
  • #82,014
  • May 18, 2008 11:49pm May 18, 2008 11:49pm
Quoting ffujifilm
i think its better to stay out at this moment.Maybe we can see the direction during london session.At this point of time...indicators show a possible north movement..

Looking at the calendar there is not much in the way of news coming out today. Might be a quiet night. Unless London decides to smack that a**. LOL!

http://img.photobucket.com/albums/v3...smiley-020.gif
  • #82,015
  • May 19, 2008 12:03am May 19, 2008 12:03am
Hi guys hope yall had a good weekend. i closed my last late posiiton at BE, seems things are about to get bullish. Just a heads up. any breakout to the topside indcates bull action, only after a clear and well defined breakout. im staying out of all shorts for now until my 1hr qqe crosses down and confirms
  • #82,016
  • May 19, 2008 12:35am May 19, 2008 12:35am
Quoting kujo17
At this point, it doesn't seem to want to go down anymore.
3 4H closes above the 5sma.
We tested the 4H Gann on the last bar, usually on the 2nd go, we get there.

We have a slightly ascending triangle on the 4H.

So far the 'long' is in the green and the SL is very tight.

I think a break of 204.18-204.40 area and we see upper 205s at least.

4H ZL MACD is breaching the 0 line and heading UP.

I truely felt last week when I went short on my 4H strat up at 204.70 we'd be at 200 by now.

Since we're not, I let go of that pipe dream.
Cash'd in and tried to catch the falling knife.

we'll see if it's a catch or a cut.........



i am with you for now, but no trades, waiting for 1hr qqe to crossed down to reentershorts
  • #82,017
  • May 19, 2008 12:45am May 19, 2008 12:45am
dumping, dumping and dumping ,,,,
  • #82,018
  • May 19, 2008 12:57am May 19, 2008 12:57am
been browsing this forum for couple of weeks, and i'm glad that i came across this thread..

it's fun reading all of your post..and i got lot of knowledge on my forex learning..

cheers..
  • #82,019
  • May 19, 2008 1:11am May 19, 2008 1:11am
Quoting ephisi


i am with you for now, but no trades, waiting for 1hr qqe to crossed down to reentershorts
small long position is a few pips in the Neg at the moment.
We'll see what happens with Frankfurt/London open.

Just have a feeling we'll run up to mid 205s again before heading south.
We get at 4H close above 205.0 (100sma) we'll probably retest 208 area.

But, we'll just have to wait and see.

I have no problem retesting 209 before the big plunge into Lilmoe's proverbial 'Crapper'.
  • #82,020
  • Edited 1:29am May 19, 2008 1:14am | Edited 1:29am
gute morgan!!
iam still short @ 203.47
http://www.russian-victories.ru/bear_cavalry.jpg
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