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

  • #83,521
  • May 22, 2008 8:22am May 22, 2008 8:22am
Quoting karmostaji
It's always good to wait for an hourly close

looking at the daily chart, I can see price reaching 208 again

I agree, but this buying this morning seems frantic. I'm waiting for a retracement to 4hr Gann to dump (maybe ) these Shorts...Don't know if that's going to happen today with this mania going on.
  • #83,522
  • May 22, 2008 8:24am May 22, 2008 8:24am
Quoting karmostaji
It's always good to wait for an hourly close

looking at the daily chart, I can see price reaching 208 again
i see we are on the higher level now for 208 we need to go to reversal 204.20-204.60
  • #83,523
  • May 22, 2008 8:26am May 22, 2008 8:26am
Quoting Jerry
i see we are on the higher level now for 208 we need to go to reversal 204.20-204.60
Yep, 204.70 area should be a strong support, especially if daily candle closes above it
Trade what you see, not what you think.
  • #83,524
  • May 22, 2008 8:27am May 22, 2008 8:27am
This rally is short lived one bit of good news does not change the overall trend. I am still holding the shorts and will keep shorting this craziness
  • #83,525
  • May 22, 2008 8:27am May 22, 2008 8:27am
The base of this previous channel......

If this area is taken out, that would be very very bullish IMO.
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Patience + Discipline - Greed = Success
  • #83,526
  • May 22, 2008 8:29am May 22, 2008 8:29am
Quoting vinesh2
This rally is short lived one bit of good news does not change the overall trend. I am still holding the shorts and will keep shorting this craziness
Don't get married to your positions vinesh bro
Trade what you see, not what you think.
  • #83,527
  • May 22, 2008 8:38am May 22, 2008 8:38am
Well, with this crazy PA today there's only one thing left to do to save my Shorts
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  • #83,528
  • May 22, 2008 8:45am May 22, 2008 8:45am
well, I'm stopped out for a total of +52 pips for my 3 short positions which have been open since 4 days ago.

I think we are going to touch 209 area again and I believe if price doesn't breach this level and gets rejected again, we will see such a sharp and huge crash down to 192 area we have never seen before.

UJ has started a new down trend channel on H4 chart with a bottom at 102.70 and IMO the top will be around 105.10

GU is about to complete it's big correction up and build a new channel to the down when price touches 1.9950.

So be prepared for a hard rejection ... I'm watching H4 chart for price action around 208- 209 area to enter hard short.

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu h4.gif Size: 19 KB
Discipline + Patience - Fear - Greed = Success
  • #83,529
  • May 22, 2008 8:49am May 22, 2008 8:49am
Hi everyone , I'm a newbie forex trader. Thanks everyone for all their efforts. Can anyone please provide linkes for Auslanco Systems and Indicators.
  • #83,530
  • May 22, 2008 8:50am May 22, 2008 8:50am
C'mon Geppy .. toyin .. toyin..toyin.. melt more .. melt more .. toyin.. gooood jobb.. buy u some candies later ..

http://content.sweetim.com/sim/cpie/...s/000201B0.gifhttp://content.sweetim.com/sim/cpie/...s/000201B0.gifhttp://content.sweetim.com/sim/cpie/...s/000201B0.gifhttp://content.sweetim.com/sim/cpie/...s/000201B0.gif
  • #83,531
  • May 22, 2008 8:50am May 22, 2008 8:50am
Dow is on SALE mode.. touched 5sma on 1h
  • #83,532
  • May 22, 2008 8:52am May 22, 2008 8:52am
Hi everyone , I'm a newbie forex trader. Thanks everyone for all their efforts. Can someone please provide linkes for Auslanco Systems and Indicators.
  • #83,533
  • May 22, 2008 8:53am May 22, 2008 8:53am
Quoting Piters
Dow is on SALE mode.. touched 5sma on 1h

OK, lets drop now please, G/J, you've confinced the market to go long (apart from us) so you can drop 500 hundred pips now and surprise everyone...
  • #83,534
  • May 22, 2008 8:55am May 22, 2008 8:55am
All kinds of trouble above 206. If it breaks shorts are done for and I'm going to have to get a job!

GU has broken a 3 month downtrend on the upside, Cable overreacted to retails sales, there's been strong sterling buying all week, might be going for 2.0 again. My longer term view is that the UK needs American tourists in the summer = short.

UJ could go for upper T/L with good Dow, futures still mostly red though, Oil and Gold both heading back up.

I have no conclusion as to the whys and wherefores of this schizoid geppy behavior - to match its madness I have let shorts run, my charts say it will go down before it goes any higher, and its respecting the longer term downtrend.

Hold tight and good trading all
Money & Pain Respect the market, protect your capital, be patient
  • #83,535
  • May 22, 2008 8:56am May 22, 2008 8:56am
Quoting shakesfx
OK, lets drop now please, G/J, you've confinced the market to go long (apart from us) so you can drop 500 hundred pips now and surprise everyone...

well.....
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,536
  • May 22, 2008 8:59am May 22, 2008 8:59am
US-30 yr Bond is in free fall mode which is concern for Geppy shorts .. hope some of the supports will brake it ..
But if the Geppy starts to get higher low..then our bear party is gonna start soon and big ..
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  • #83,537
  • May 22, 2008 9:00am May 22, 2008 9:00am
Quoting mktjong
US-30 yr Bond is in free fall mode which is concern for Geppy shorts .. hope some of the supports will brake it ..
But if the Geppy starts to get higher low..then our bear party is gonna start soon and big ..


higher low?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,538
  • May 22, 2008 9:02am May 22, 2008 9:02am
Quoting WarrenBuffet
higher low?
Lower high .. haaha.. I keep confusing using all these phrases. Thanks.
  • #83,539
  • May 22, 2008 9:03am May 22, 2008 9:03am
Quoting mktjong
Lower high .. haaha.. I keep confusing using all these phrases. Thanks.
LOL. GM guys.
  • #83,540
  • May 22, 2008 9:09am May 22, 2008 9:09am
Maybe I should look at the clues...higher highs (Almost) on hourly for 13hours.....I just know if I ditch now that this pair will turn back...decisions decisions...
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