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

  • #112,761
  • Sep 12, 2008 9:05am Sep 12, 2008 9:05am
Quoting gmohata
yes eventually - but by the time "eventually" arrives - most traders would have blown their accounts.

i agree with fibs, ta's etc etc - matter of fact if you look at my posts - when GBP/JPY was at 204 - i had called 188 and taken a trade.

today is different - LEH dictates, not fundamentals, not technicals. Had LEH been sorted yesterday - dollar would have rallied today inspite of bad retail numbers - we have seen it happen in the last 8 weeks.

my message was only to traders wanting to get in now or leave positions open over the weekend or who are completely clueless where is the beast heading.
Oh...ok, but a last lick before I leave, , For GBP/USD today was proabably the most clear cut trade using Auslanco's momentum strategy in the 5-sma channel that I have seen in some time.

Let me list the bullish signs:
1.The previous day's candlestick showed signs of bullishness.
2.There was massive bullish divergence on daily charts on all oscillators, like rsi,cci , macd etc
3. The daily qqe is crossed up
4. All daily momentums were sharply pointing up at the start of the day.
5.Price at the start of the day was right at the daily-5 sma
  • #112,762
  • Sep 12, 2008 9:07am Sep 12, 2008 9:07am
good news for bear camp in the next week
reports for Goldman Sachs and Morgan Stanley
http://www.briefing.com/GeneralConte...px?PageId=3273
  • #112,763
  • Sep 12, 2008 9:09am Sep 12, 2008 9:09am
Quoting hussin naiji
good news for bear camp in the next week
reports for Goldman Sachs and Morgan Stanley
http://www.briefing.com/GeneralConte...px?PageId=3273
Goldman Saches from 6.13 to 1.78
  • #112,764
  • Sep 12, 2008 9:30am Sep 12, 2008 9:30am
but... friends don't let friends,
with a little break over 191, maybe we can see 193 today
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #112,765
  • Sep 12, 2008 9:34am Sep 12, 2008 9:34am
Is it time for the dead bear to stand and face the bull. it is Bulling in thbe Market place.

I want to learn Gann Hilo of a thing who can help out???


Please, is there anybody who can recommend a very good signal company to me?
What goes up comes down, so always make Forex better than u met it.
  • #112,766
  • Sep 12, 2008 9:47am Sep 12, 2008 9:47am
Beautiful breakout hourly candle. Long, hard, and no wick. Daily gann at 192.40 is a good place to take profit.
  • #112,767
  • Sep 12, 2008 9:52am Sep 12, 2008 9:52am
Quoting $teve
Beautiful breakout hourly candle. Long, hard, and no wick. Daily gann at 192.40 is a good place to take profit.
192.62 is my short limit order. changed from my original 191.12
PA is already very overbought
  • #112,768
  • Sep 12, 2008 10:02am Sep 12, 2008 10:02am
Quoting GodfreyH
Oh...ok, but a last lick before I leave, , For GBP/USD today was proabably the most clear cut trade using Auslanco's momentum strategy in the 5-sma channel that I have seen in some time.

Let me list the bullish signs:
1.The previous day's candlestick showed signs of bullishness.
2.There was massive bullish divergence on daily charts on all oscillators, like rsi,cci , macd etc
3. The daily qqe is crossed up
4. All daily momentums were sharply pointing up at the start of the day.
5.Price at the start of the day was right at the daily-5 sma

Charts Rule
  • #112,769
  • Sep 12, 2008 10:05am Sep 12, 2008 10:05am
Quoting Eulogy
192.62 is my short limit order. changed from my original 191.12
PA is already very overbought
Good order. Last time Gj touched the daily gann was when that big gap up occured over the weekend, then we all saw what happend. If daily gann is rejected, I will wait until 4H cross down then I might consider a short. I think there's a chance GJ might try and close the gap back on 8/31 at around 197.50 so I'll be very careful if I short.
  • #112,770
  • Sep 12, 2008 10:15am Sep 12, 2008 10:15am
The last 24 hours is a PERFECT example of one my CLASSIC mistakes.

A move from 8600 to 9200

The First 300 pips i am fighting the short term "trend"
The next 300 pips i have given in and go with the "trend" but with smaller positions because i am still licking my wounds from the early ass kicking

So to all the seasoned traders on here;

At what point in a trade are you deciding its "not working"

25 pips? 50 ? 100?

I know it all depends on my risk and size of position and account balance and such. Also that this Pair can move 100+ pips in minutes.

I guess i'm just frustrated seeing I "did it again"

thanks for listening.
--post hoc ergo propter hoc--
  • #112,771
  • Sep 12, 2008 10:19am Sep 12, 2008 10:19am
Moving sl on few lots to 190.50 and holding over weekend. Later traders!
  • #112,772
  • Sep 12, 2008 10:24am Sep 12, 2008 10:24am
long from 189.9....300 pips and counting...:-)...
  • #112,773
  • Sep 12, 2008 10:25am Sep 12, 2008 10:25am
Quoting $teve
Moving sl on few lots to 190.50 and holding over weekend. Later traders!
one of the strangest patterns i've seen on the GJ, 5th wave extension that for the last 2 or so hours is exhibiting exponential growth. Anyway, 192.622 short triggered, very small order, will see how this pans out.
  • #112,774
  • Sep 12, 2008 10:25am Sep 12, 2008 10:25am
Guppy, you hit 193 and you also closed the gap, time to go back to where you are... be good...
Lost...
  • #112,775
  • Sep 12, 2008 10:25am Sep 12, 2008 10:25am
FYI people....

Just heard a report on CNBC that the NYMEX will open at 10am Sunday morning EST providing early reaction to IKE. Get rid of those weekend hold-over trades if you can. Between Lehman and IKE, I think it promises to be anything but a boring weekend.
  • #112,776
  • Sep 12, 2008 10:26am Sep 12, 2008 10:26am
Is it time for the dead bear to stand and face the bull. it is Bulling in thbe Market place.

I want to learn Gann Hilo of a thing who can help out???


Please, is there anybody who can recommend a very good signal company to me?
What goes up comes down, so always make Forex better than u met it.
  • #112,777
  • Sep 12, 2008 10:27am Sep 12, 2008 10:27am
650 pips green aint bad at all.... hope u guys got my call yesterday
  • #112,778
  • Sep 12, 2008 10:27am Sep 12, 2008 10:27am
Quoting worlhin
Guppy, you hit 193 and you also closed the gap, time to go back to where you are... be good...
gj crazy move,
  • #112,779
  • Sep 12, 2008 10:29am Sep 12, 2008 10:29am
closed my long position...hehe

Weekend free from heartattack
''Art is making something out of nothing and selling it'' Frank Zappa
  • #112,780
  • Sep 12, 2008 10:30am Sep 12, 2008 10:30am
300 pips straight w/o a retrace .. it ain't be right. Expect to retrace at least 100 pips before resuming the move if it's still bulllish.
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