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

  • #82,441
  • May 19, 2008 11:55pm May 19, 2008 11:55pm
Quoting kujo17
sure. but now that's it's below the 4H Gann, I'd almost assume that's a given.
Just 17 pips north of it, at the moment.

But, stranger things have happened.
I'm long, but Im long on enough other pairs, where I'm strangely 'not negative' I think I will just wait for it to go down, and then up, if I can.
  • #82,442
  • May 20, 2008 12:00am May 20, 2008 12:00am
Look like GJ H1 will close below 203
  • #82,443
  • May 20, 2008 12:03am May 20, 2008 12:03am
shortin on retracmnet to 203.07
placing sell limit order to shotrt at 203.07


long to 203.07, from 203.80
  • #82,444
  • May 20, 2008 12:05am May 20, 2008 12:05am
Quoting PandoraBox
Look like GJ H1 will close below 203

it already did, i just hope that's not another false breakout
  • #82,445
  • May 20, 2008 12:05am May 20, 2008 12:05am
long to 203.07, from 203.80[/quote]


lets see if retracem,ent trades against d trend actually do work putto?????
  • #82,446
  • May 20, 2008 12:05am May 20, 2008 12:05am
Quoting ephisi
shortin on retracmnet to 203.07
placing sell limit order to shotrt at 203.07


long to 203.07, from 202.80
203.80-202.80
  • #82,447
  • May 20, 2008 12:06am May 20, 2008 12:06am
Quoting ephisi
shortin on retracmnet to 203.07
placing sell limit order to shotrt at 203.07


long to 203.07, from 203.80
you mean 202.80 , nice !
  • #82,448
  • May 20, 2008 12:09am May 20, 2008 12:09am
Quoting ephisi
what you fail to understand is that GJ has different levels of retracement, go check your charts for hours and tell me what you see,

on a big fall GJ retraces 150pips and above
on a medium fall GJ retraces 50-100pips
on a small fall 30-60pips

some times it dosent need sa fall to go back up, if it tries to break a support and it dosnt in an hour or 4hrs expect it to go back up tobuild more strenght for a retest. its

its all about experience bro
Target hit @ 203.07 20pips 2%.

Thats how itsw done no guts no glory,
Kujo putto, now tell me was i right or right to take a retracement trade againt d trend
  • #82,449
  • May 20, 2008 12:11am May 20, 2008 12:11am
Quoting ephisi
long to 203.07, from 203.80

lets see if retracem,ent trades against d trend actually do work putto?????[/quote]

Of course they work

I dont think you understood what i was saying. I was questioning the basis of thinking it would retrace up to 100 pips from 203.10 which was the price at the time.

Check my journal i trade retracements regularly. Doesnt really matter we are both + Take care
Lemming Forex! The Way to Trade....
  • #82,450
  • May 20, 2008 12:13am May 20, 2008 12:13am
The Brits are buying cable and so its now following the Euro up - €'s been rallying for the last 2 hours and is up 80 pips. Yesterday cable went up 80 pips straight after LO, before falling 170....

UJ's held around its daily S1 at 103.80, so cable's pulling GJ up fast....
Trading Levels with WRBs
  • #82,451
  • May 20, 2008 12:15am May 20, 2008 12:15am
Quoting kujo17
you mean 202.80 , nice !
yeah, 202.80,

now im short from 203.07, 2% risk, nothing to loose now
  • #82,452
  • May 20, 2008 12:15am May 20, 2008 12:15am
Quoting lilmoe
it already did, i just hope that's not another false breakout

I still think it will turn and go up it started to retrace right at weelkly and daily support
  • #82,453
  • May 20, 2008 12:16am May 20, 2008 12:16am
Quoting ephisi
yeah, 202.80,

now im short from 203.07, 2% risk, nothing to loose now
4hr momentum is up so shorts have to be patient
  • #82,454
  • May 20, 2008 12:19am May 20, 2008 12:19am
Quoting ephisi
Target hit @ 203.07 20pips 2%.

Thats how itsw done no guts no glory,
Kujo putto, now tell me was i right or right to take a retracement trade againt d trend
LOL. lilmoe i stole ur quote and u didnt say a word,


no guts no glory
  • #82,455
  • May 20, 2008 12:24am May 20, 2008 12:24am
Quoting ephisi
Target hit @ 203.07 20pips 2%.

Thats how itsw done no guts no glory,
Kujo putto, now tell me was i right or right to take a retracement trade againt d trend
I never said you were wrong.
You just said you were LONG for 20-100, right before that last drop, but then said you hadn't gone long YET.......so, you caught the bottom and rode her up a bit. Nicely done.

20 pips is 20 pips.
even with just 1 lot, that's almost $200 for a quick few mins.

nice.
  • #82,456
  • May 20, 2008 12:28am May 20, 2008 12:28am
Quoting ephisi
4hr momentum is up so shorts have to be patient
depends on how you look at it.
MACD below 0
RSI below 50
4H has been in Downward channel for days.
Daily is still below the Gann.

Anyone looking at the 4H IS or should be patient..... or looking for longer term trend to scalp in that direction only.......

12:30.... off to get some sleep.
  • #82,457
  • May 20, 2008 12:28am May 20, 2008 12:28am
Quoting kujo17
I never said you were wrong.
You just said you were LONG for 20-100, right before that last drop, but then said you hadn't gone long YET.......so, you caught the bottom and rode her up a bit. Nicely done.

20 pips is 20 pips.
even with just 1 lot, that's almost $200 for a quick few mins.

nice.
Someday 20 pips will mean $200 for me. Someday. ..
  • #82,458
  • May 20, 2008 12:34am May 20, 2008 12:34am
Quoting ephisi
LOL. lilmoe i stole ur quote and u didnt say a word,


no guts no glory


lol, it's ok bro, we're all a team (that's how it's done )
  • #82,459
  • May 20, 2008 12:36am May 20, 2008 12:36am
Quoting kujo17
I never said you were wrong.
You just said you were LONG for 20-100, right before that last drop, but then said you hadn't gone long YET.......so, you caught the bottom and rode her up a bit. Nicely done.

20 pips is 20 pips.
even with just 1 lot, that's almost $200 for a quick few mins.

nice.
well said, you didnt say anything about d trade , it was putto, i was refering to
  • #82,460
  • May 20, 2008 12:40am May 20, 2008 12:40am
Quoting kujo17
depends on how you look at it.
MACD below 0
RSI below 50
4H has been in Downward channel for days.
Daily is still below the Gann.

Anyone looking at the 4H IS or should be patient..... or looking for longer term trend to scalp in that direction only.......

12:30.... off to get some sleep.
you are very right, i pay more atention to d 4hr MOM slope rather than d preent 4hr MOM, but from my pat trades i observed we have to wait for at leat 2hrs for 1hr and 30min MOM to become bearish, which translates that d next 4hr MOM would be bearish. so d trade usually stall s for hours b4 d fall
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