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

  • #103,501
  • Jul 24, 2008 5:25am Jul 24, 2008 5:25am
Quoting PipChick
Im with you at 214.10


Actualy I am looking now for: TP1= 214.56; TP2= 214.85 [scalp]
  • #103,502
  • Jul 24, 2008 5:27am Jul 24, 2008 5:27am
Quoting Piters


Actualy I am looking now for: TP1= 214.56; TP2= 214.85 [scalp]
Im going to shoot for the 1 hr 50 ema first.if we get above that then I will shoot for 214.79 ( 50% of today)
We will be toast below todays lo so that will be my stop loss
  • #103,503
  • Jul 24, 2008 5:32am Jul 24, 2008 5:32am
Quoting karmostaji
1H 50ema is broken, it wasn't since 210
karmo u got a good eye man, thumbs up.
u know we also have to retest the broken 1hr 50ema.

so when GJ gets to 4hr 5sma i wont jus tshort it .
i will wait for a short signal.
but we may have soome conolidation, am i right about the retest
  • #103,504
  • Jul 24, 2008 5:35am Jul 24, 2008 5:35am
Quoting ephisi
karmo u got a good eye man, thumbs up.
u know we also have to retest the broken 1hr 50ema.

so when GJ gets to 4hr 5sma i wont jus tshort it .
i will wait for a short signal.
but we may have soome conolidation, am i right about the retest
Yea it should retest, I'm waiting for my VT 4h candle to close below gann hilo as well, then wait for price to retrace a bit, maybe to 4h 5sma or 1h 50ema and enter short.
Trade what you see, not what you think.
  • #103,505
  • Jul 24, 2008 5:48am Jul 24, 2008 5:48am
Quoting dogberry
how can we know whether or not we will have another major run-up? The news in 2-4 hours may drive one.
the news really has no effect on the true direction of the price. it is just a manipulation tool for the big players. some shaking out, stop hunting on the up & downside to remove support/resistance in form of buyers/sellers. to move price through s/r levels costs them much money, so it is far easier to bet on week hands with tight stops, gapping price up/down and do stop hunting by temporarily price markups/downs. i suppose price will continue up, as we just had a successful low volume test of the former high volume area. this tells me, that there are currently less bears in the market so the big guys don't have to absorb selling into their buying for the upcoming upmove. risky analysis, because it is based on just the 30m bars.

imho the worst which can happen atm is a ranging geppy. to move down through the above mentioned key area will take much effort and some more run-ups the next time. price currently fights my 360 jma on the 1h. on the 30 i got a close above an important area of confluence, also we have bullish bars which support the prior bars lows. during the downmove we had some high volume bear bars which did even close in the upper 3rd, which indicates market strength to me. i generally don't like to make decisions or do my analysis based on timeframes lower than at least 60m. there so much manipulation into those lower tf's which is not affordable in higher tf's. 240, daily,weekly is my world.


like always, i could be totally wrong and the market shoots down in a while
  • #103,506
  • Jul 24, 2008 5:52am Jul 24, 2008 5:52am
Quoting Piters
140pips.. close the trade, then shut down the PC (imho)
yes right
Discipline + Patience - Fear - Greed = Success
  • #103,507
  • Jul 24, 2008 5:52am Jul 24, 2008 5:52am
Quoting karmostaji
Yea it should retest, I'm waiting for my VT 4h candle to close below gann hilo as well, then wait for price to retrace a bit, maybe to 4h 5sma or 1h 50ema and enter short.
MY 4hr candle is losed already, every tin is signaling retrace. im waitin also.

nice one
  • #103,508
  • Jul 24, 2008 5:54am Jul 24, 2008 5:54am
Quoting mike1349
excuse me Lilmo.Would you tell me where did you get 216.20 from?

Thanks
mike
216.20-80

lots of confluences but mainly here... sorry for the late reply.


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  • #103,509
  • Jul 24, 2008 5:55am Jul 24, 2008 5:55am
Quoting Dr.Geppynius
the news really has no effect on the true direction of the price. it is just a manipulation tool for the big players. some shaking out, stop hunting on the up & downside to remove support/resistance in form of buyers/sellers. to move price through s/r levels costs them much money, so it is far easier to bet on week hands with tight stops, gapping price up/down and do stop hunting by temporarily price markups/downs. i suppose price will continue up, as we just had a successful low volume test of the former high volume area. this tells me, that there are currently less bears in the market so the big guys don't have to absorb selling into their buying for the upcoming upmove. risky analysis, because it is based on just the 30m bars.

imho the worst which can happen atm is a ranging geppy. to move down through the above mentioned key area will take much effort and some more run-ups the next time. price currently fights my 360 jma on the 1h. on the 30 i got a close above an important area of confluence, also we have bullish bars which support the prior bars lows. during the downmove we had some high volume bear bars which did even close in the upper 3rd, which indicates market strength to me. i generally don't like to make decisions or do my analysis based on timeframes lower than at least 60m. there so much manipulation into those lower tf's which is not affordable in higher tf's. 240, daily,weekly is my world.


like always, i could be totally wrong and the market shoots down in a while

Your psychology is spot on DR.G now shhhhhhhhhh cant let the secrets out of bag, some too many pips to collect yet before the game is figured out LOL
"Millionaires don't use astrology, billionaires do"
  • #103,510
  • Jul 24, 2008 5:56am Jul 24, 2008 5:56am
Quoting dogberry
if you are correct, should I close my short from 215.40 now? I got 140 pips profit at the moment. SMA 100H 213.74 forms a support now.
that is entirely up to u bro
  • #103,511
  • Jul 24, 2008 5:59am Jul 24, 2008 5:59am
Quoting OrionsWay
Your psychology is spot on DR.G now shhhhhhhhhh cant let the secrets out of bag, some too many pips to collect yet before the game is figured out LOL
lol bro
i thought about this also. i just looked out the window and saw some armed military guys with the words "forex police" on their uniforms arrive ^
  • #103,512
  • Jul 24, 2008 6:07am Jul 24, 2008 6:07am
Quoting Dr.Geppynius
lol bro
i thought about this also. i just looked out the window and saw some armed military guys with the words "forex police" on their uniforms arrive ^

They must continue to believe in indicators and patterns, the appearances must remain in tact without jepordy of the true market structures.

Trade well Dr. G
"Millionaires don't use astrology, billionaires do"
  • #103,513
  • Jul 24, 2008 6:11am Jul 24, 2008 6:11am
being long EU I think EU should revisit 1.5850 - 60 area today in NY session or tomorrow as the first destination.

I'm currently long this pair and if price falls down to 1.5600 area as it's last attempt I'll add another long position targeting +1.5850.

This is what I see on H4 time frame.

Let's see how it plays out.
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Discipline + Patience - Fear - Greed = Success
  • #103,514
  • Edited 6:47am Jul 24, 2008 6:15am | Edited 6:47am
price on the daily chart has touched the R1 and is indicating a reversal with the 200ma indicating a bearish bias.its common place that the r1,s1 and the pivot itself are the three most important points to consider. notice the rsi just left the overbought region and the adx is begining to strenghten from 14 as at yesterday.
on the 1hr chart,price is playing just above the m level and once broken down will give way to a sell signal. the us news is goin to give credence to this move in the next 70mins.
a break below the 213.83 mlevel and breach of the 100ma will initiate the sell through
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  • #103,515
  • Jul 24, 2008 6:16am Jul 24, 2008 6:16am
Quoting OrionsWay
They must continue to believe in indicators and patterns, the appearances must remain in tact without jepordy of the true market structures.

Trade well Dr. G

loool! "they must continue to believe in indicators"
all my information comes from a text based indicator. it looks at the charts and tells me what it sees.
1. trading does NOT work without indciators
2. if it would work, why are there thousands of different indicators and systems?
3. most of the indicators also come with a blue pill for consumption, inside
  • #103,516
  • Jul 24, 2008 6:16am Jul 24, 2008 6:16am
Looking at smaller TF's, I see bearish continuation patterns
Trade what you see, not what you think.
  • #103,517
  • Jul 24, 2008 6:18am Jul 24, 2008 6:18am
karmo what s new. ur 4hr andle/ MOM
  • #103,518
  • Jul 24, 2008 6:19am Jul 24, 2008 6:19am
Quoting ephisi
karmo what s new. ur 4hr andle/ MOM
40 mins to go
Trade what you see, not what you think.
  • #103,519
  • Jul 24, 2008 6:20am Jul 24, 2008 6:20am
karmo what s new. ur 4hr andle/ MOM
30minutes oversold, 1h oversold..
4hr still has enuf room to go down.
after retrace . no etrace no trade
  • #103,520
  • Jul 24, 2008 6:23am Jul 24, 2008 6:23am
Quoting Dr.Geppynius
loool! "they must continue to believe in indicators"
all my information comes from a text based indicator. it looks at the charts and tells me what it sees.
1. trading does NOT work without indciators
2. if it would work, why are there thousands of different indicators and systems?
3. most of the indicators also come with a blue pill for consumption, inside

Dr. G indicators are rrelatively new concept in the trading scheme,black box systems and such, all losers compared to the floor trader who will outperform any indicator from just reading the board. How can he do such a thing with no indicators or even a computer on hand. Maybe the specialist has something of the sort on the floor but he isnt using indicators i dont think
"Millionaires don't use astrology, billionaires do"
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