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

  • #94,001
  • Jun 16, 2008 8:07am Jun 16, 2008 8:07am
Quoting lilmoe
i want to short again...
Use Nike's motto ..
j/k
  • #94,002
  • Jun 16, 2008 8:12am Jun 16, 2008 8:12am
Quoting arezab
Hi everybody

I hope this bull run has been profitable for everyone here ...

This is what I see. Because median line of this channel (andrew's pitch fork) has been broken I see a great chance for price to rise up to 216.80 area before beginning it's major fall down to 200 area again.

For now I see nothing on the way to stop GJ up to 214 area.

BTW my long position is paying nicely ... over 800 pips in profit. I moved my protective stop to 211 just in case ... If I see a sign of reversal in H4 chart in price action I'll close this position. This is one of the biggest profits I've made in one trade.

Karmo is right ... patience is paying well
You might want to look at them charts again - there is massive resistance in the area of 213.50-214.50 area that rejected GJ on more than 2-3 occassions. This rejection sent GJ sailing back down to the 192 area.

Also, your rotective stop will be hit sooner than later as I see GJ testing 210.70/80 support in the next day or two if not sooner. Right now it's extremely OB and will eventually have to retrace before extending further if at all. . .JMHO of course. . .
  • #94,003
  • Jun 16, 2008 8:15am Jun 16, 2008 8:15am
Quoting mktjong
Use Nike's motto ..
j/k

which one
  • #94,004
  • Jun 16, 2008 8:15am Jun 16, 2008 8:15am
Hello Quecee.
I always like Your analyses, just recently I do not understand movement so much high...U/J is falling..but our beast so far holding...
Anyway, I also believe that it will fall, just like Karmo and others, wait for confirmation.
Quoting quecee5
You might want to look at you charts again - there is massive resistance in the area of 213.50-214.50 area that rejected GJ on more than 2-3 occassions. This rejection sent GJ sailing back down to the 192 area.

Also, your rotective stop will be hit sooner than later as I see GJ testing 210.70/80 support in the next day or two if not sooner. Right now it's extremely OB and will eventually have to rerace before extended further if at all. . .
  • #94,005
  • Jun 16, 2008 8:16am Jun 16, 2008 8:16am
Quoting ForexRookie
If this candle closes as a bearish one, are we looking at an Evening Star Formation...can anyone confirm this?
Yes, I'm looking for that formtion and it's very close to complete it.
Attached Image (click to enlarge)
Click to Enlarge Name: star.GIF Size: 13 KB
  • #94,006
  • Jun 16, 2008 8:16am Jun 16, 2008 8:16am
Quoting lilmoe
got your pm. here are the templates bro, one for 4h and one for daily...

Attachment

Attachment
thanks mate, trying them now
  • #94,007
  • Jun 16, 2008 8:17am Jun 16, 2008 8:17am
Quoting lilmoe
which one
Just do it ..
  • #94,008
  • Jun 16, 2008 8:20am Jun 16, 2008 8:20am
Quoting mktjong
Just do it ..



i know that one bro, i was thinking something else

women are reading, don't mind me
  • #94,009
  • Jun 16, 2008 8:23am Jun 16, 2008 8:23am
getting ready to short UJ

BUT.. this thing is going to OS so fasttttt, it's running out of steam
  • #94,010
  • Jun 16, 2008 8:23am Jun 16, 2008 8:23am
Quoting arezab
Hi everybody

I hope this bull run has been profitable for everyone here ...

This is what I see. Because median line of this channel (andrew's pitch fork) has been broken I see a great chance for price to rise up to 216.80 area before beginning it's major fall down to 200 area again.

For now I see nothing on the way to stop GJ up to 214 area.

BTW my long position is paying nicely ... over 800 pips in profit. I moved my protective stop to 211 just in case ... If I see a sign of reversal in H4 chart in price action I'll close this position. This is one of the biggest profits I've made in one trade.

Karmo is right ... patience is paying well
Daily Chart 4 u. . .
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart.gif Size: 31 KB
  • #94,011
  • Jun 16, 2008 8:23am Jun 16, 2008 8:23am
Quoting lilmoe


i know that one bro, i was thinking something else

women are reading, don't mind me
  • #94,012
  • Jun 16, 2008 8:27am Jun 16, 2008 8:27am
Quoting quecee5
Daily Chart 4 u. . .
your stochs are WAY too overbought too
  • #94,013
  • Jun 16, 2008 8:27am Jun 16, 2008 8:27am
I agree with queece. 4 hour chart 1 c mom is showing a retrace to at least the 5 sma by 1400 gmt time.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy 4 hour.gif Size: 20 KB
  • #94,014
  • Jun 16, 2008 8:29am Jun 16, 2008 8:29am
Quoting quecee5
You might want to look at you charts again - there is massive resistance in the area of 213.50-214.50 area that rejected GJ on more than 2-3 occassions. This rejection sent GJ sailing back down to the 192 area.

Also, your rotective stop will be hit sooner than later as I see GJ testing 210.70/80 support in the next day or two if not sooner. Right now it's extremely OB and will eventually have to rerace before extended further if at all. . .
Thanks for pointing that out my friend. As I mentioned I'm aware of that 214 resistance area and if I see a reversal sign in Price Action around there, I'll close this long but if my protective stop at 211 gets hit then no worries my friend. You and I have closed many trades with just +1 profit.
Discipline + Patience - Fear - Greed = Success
  • #94,015
  • Jun 16, 2008 8:30am Jun 16, 2008 8:30am
Quoting mktjong
it's alright bro.
  • #94,016
  • Jun 16, 2008 8:44am Jun 16, 2008 8:44am
Quoting arezab
Thanks for pointing that out my friend. As I mentioned I'm aware of that 214 resistance area and if I see a reversal sign in Price Action around there, I'll close this long but if my protective stop at 211 gets hit then no worries my friend. You and I have closed many trades with just +1 profit.
  • #94,017
  • Jun 16, 2008 8:51am Jun 16, 2008 8:51am
is it true that forex traders do it with their candlesticks??

hi all, how goes it?
  • #94,018
  • Jun 16, 2008 8:57am Jun 16, 2008 8:57am
Quoting rsharpe30
is it true that forex traders do it with their candlesticks??

hi all, how goes it?
(en)lighten us
  • #94,019
  • Jun 16, 2008 9:00am Jun 16, 2008 9:00am
Quoting rsharpe30
is it true that forex traders do it with their candlesticks??

hi all, how goes it?




yo yo!
  • #94,020
  • Jun 16, 2008 9:02am Jun 16, 2008 9:02am
i smell a bit of profit taking going on
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