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

  • #103,881
  • Jul 25, 2008 2:48am Jul 25, 2008 2:48am
Quoting Vfforexlee
"I'll give that an A++++ pinbar" quoted by wbpq(whatever his username is from James16). lol I laughed out loud when he said that.

I'll long on the next 4hr bar.
Probably a good trade. I will wait for Prelim GDP q/q to come out first.
Que
  • #103,882
  • Jul 25, 2008 2:49am Jul 25, 2008 2:49am
Quoting Scrat
oh look, i got a long open at 211.60. how cool is that?
i was just wondering... how many of you know what this chart means?
I know what it means.... Ummm... No don't tell me... A break up, then a retrace then a BIG break up...!!!...
  • #103,883
  • Jul 25, 2008 2:51am Jul 25, 2008 2:51am
AJ TL, but....... yer buying while it goes down, not when it starts to turn up, just info, not a reco
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  • #103,884
  • Jul 25, 2008 2:52am Jul 25, 2008 2:52am
Quoting craazy
Where's your GANN flip price around?

212.30
  • #103,885
  • Jul 25, 2008 2:53am Jul 25, 2008 2:53am
OMG, it's perfect. You have the wide open space and a nice descending price down, then a pin bar forms.
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  • #103,886
  • Jul 25, 2008 2:56am Jul 25, 2008 2:56am
254 go go
  • #103,887
  • Jul 25, 2008 2:59am Jul 25, 2008 2:59am
my upper trend line meets resistance line at 212.30 then I have another resistance line at 212.50, beyond that it might be pretty clear.

the other option is to short now, as it bounces down from the trend line.

waiting waiting
  • #103,888
  • Jul 25, 2008 3:02am Jul 25, 2008 3:02am
M15 gann crossed down.

EDIT: Now we left the valley!
  • #103,889
  • Jul 25, 2008 3:06am Jul 25, 2008 3:06am
Quoting PipLucky
my upper trend line meets resistance line at 212.30 then I have another resistance line at 212.50, beyond that it might be pretty clear.

the other option is to short now, as it bounces down from the trend line.

waiting waiting

done waiting, I'm in Long
  • #103,890
  • Jul 25, 2008 3:07am Jul 25, 2008 3:07am
Was looking at a TP of 213... but perhaps it should be more like 214... thoughts anyone?
Craazy
  • #103,891
  • Jul 25, 2008 3:09am Jul 25, 2008 3:09am
Quoting craazy
Was looking at a TP of 213... but perhaps it should be more like 214... thoughts anyone?
wait for 4 hr candle to close, i've no thoughts yet, but possible up, above previous high of 216
  • #103,892
  • Jul 25, 2008 3:11am Jul 25, 2008 3:11am
Quoting craazy
Was looking at a TP of 213... but perhaps it should be more like 214... thoughts anyone?
~213.088 is next resistance so you should lock in some profits when it gets there, next stop would be ~213.77 and around 50% fib so thats likely a target for long. If it breaks then we might be going higher for sure ;-)
  • #103,893
  • Jul 25, 2008 3:13am Jul 25, 2008 3:13am
I am geting Bulish divergence on 1hr and daily bearish one
  • #103,894
  • Jul 25, 2008 3:13am Jul 25, 2008 3:13am
I got 213.33 as my resistance on daily. However, I'm thinking we are going to surpass that and make a new high. Did you see that pin bar? It was perfect on 50% retracment. It has to go higher than 213.33.
  • #103,895
  • Jul 25, 2008 3:14am Jul 25, 2008 3:14am
Quoting "expert"
I am geting Bulish divergence on 1hr and daily bearish one
Correction: Daily is bullish.
  • #103,896
  • Jul 25, 2008 3:14am Jul 25, 2008 3:14am
Quoting Vfforexlee
I got 213.33 as my resistance on daily. However, I'm thinking we are going to surpass that and make a new high. Did you see that pin bar? It was perfect on 50% retracment. It has to go higher than 213.33.
New high as in 216 high or you talking of the bar?
Craazy
  • #103,897
  • Jul 25, 2008 3:16am Jul 25, 2008 3:16am
Higher than 216.
  • #103,898
  • Jul 25, 2008 3:16am Jul 25, 2008 3:16am
Quoting Scrat
oh look, i got a long open at 211.60. how cool is that?
i was just wondering... how many of you know what this chart means?

what made you decide to go long at 211.60, did you go based on the support area that the price was heading into???? Cuz I saw it but was chicken.
  • #103,899
  • Jul 25, 2008 3:17am Jul 25, 2008 3:17am
Take a look at lilmoe's system. you'll understand.
  • #103,900
  • Jul 25, 2008 3:18am Jul 25, 2008 3:18am
i can't believe that was it
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