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

  • #114,461
  • Sep 16, 2008 5:50pm Sep 16, 2008 5:50pm
since the entire bias here is bearish, doesn't anyone think this daily pin is significant?

anyway,, i have a bullish HD on my m15 chart, price needs more power to break through 50% at 187.25 (which is also monday's low by the way)...

according to my own observations, when price can't go through 50% fibo, it either retraces back to 23.6 (of the same setup), then retests 50% or reverses entirely....
  • #114,462
  • Sep 16, 2008 5:50pm Sep 16, 2008 5:50pm
just look at my charts...this is the story on the charts....rgitt05 please repond to this.....it was just a 23.9 retracement and that was George Bushs fault.
Attached Image (click to enlarge)
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  • #114,463
  • Sep 16, 2008 5:51pm Sep 16, 2008 5:51pm
Lehman had at debt at the time of filing of 613 BILLION. I wonder how many pennies on the dollar the debt holders will get?
  • #114,464
  • Sep 16, 2008 5:52pm Sep 16, 2008 5:52pm
Quoting lilmoe
since the entire bias here is bearish, doesn't anyone think this daily pin is significant?

anyway,, i have a bullish HD on my m15 chart, price needs more power to break through 50% at 187.25 (which is also monday's low by the way)...

according to my own observations, when price can't go through 50% fibo, it either retraces back to 23.6 (of the same setup), then retests 50% or reverses entirely....
moved SL to B/E.... see malcomb, that wasn't too bad was it?
  • #114,465
  • Sep 16, 2008 5:53pm Sep 16, 2008 5:53pm
AIG securing bridge loan as we speak, in order to avoid bankruptcy.
Patience + Humility + Study = Success
  • #114,466
  • Sep 16, 2008 6:01pm Sep 16, 2008 6:01pm
Quoting DutchTrader
AIG securing bridge loan as we speak, in order to avoid bankruptcy.
what's happening to this world....
  • #114,467
  • Sep 16, 2008 6:01pm Sep 16, 2008 6:01pm
I think we might see daily close above daily pivot. Daily will close 1h from now. Just wait and see.
  • #114,468
  • Sep 16, 2008 6:02pm Sep 16, 2008 6:02pm
Quoting lilmoe
moved SL to B/E.... see malcomb, that wasn't too bad was it?
nice trade .. was stopped out of mine for 30 pips .. bout time i gave some back today
Blogging daily now at www.volume.zone
  • #114,469
  • Sep 16, 2008 6:02pm Sep 16, 2008 6:02pm
Quoting lilmoe
moved SL to B/E.... see malcomb, that wasn't too bad was it?
now that's one good 100 pip scalp
  • #114,470
  • Sep 16, 2008 6:04pm Sep 16, 2008 6:04pm
Quoting malcolmb14
nice trade .. was stopped out of mine for 30 pips .. bout time i gave some back today

hehe, it's ok. part of being a trader.

now waiting. either shorting from here or waiting for a retest of 190.
  • #114,471
  • Sep 16, 2008 6:06pm Sep 16, 2008 6:06pm
Quoting lilmoe
hehe, it's ok. part of being a trader.

now waiting. either shorting from here or waiting for a retest of 190.
got in late but 188.50 was ok entry ... moved stop to break even ... got my 30 back
Blogging daily now at www.volume.zone
  • #114,472
  • Sep 16, 2008 6:10pm Sep 16, 2008 6:10pm
Daily need to close below 187.20 if we want daily closed below daily pivot.
  • #114,473
  • Sep 16, 2008 6:10pm Sep 16, 2008 6:10pm
Quoting malcolmb14
got in late but 188.50 was ok entry ... moved stop to break even ... got my 30 back
now short at 188.69

1st TP 187..89
2nd TP 187.25
  • #114,474
  • Sep 16, 2008 6:12pm Sep 16, 2008 6:12pm
does anybody thing UJ will close the weekend gap?
Its above the 4hr gann.
Which could bring gj up
  • #114,475
  • Sep 16, 2008 6:14pm Sep 16, 2008 6:14pm
Quoting lilmoe
now short at 188.69

1st TP 187..89
2nd TP 187.25
on a trade like this...what are u setting as a stop?
--post hoc ergo propter hoc--
  • #114,476
  • Sep 16, 2008 6:15pm Sep 16, 2008 6:15pm
Quoting lilmoe
now that's one good 100 pip scalp
I caught it as well, i entered when the volume dropped and the bears couldn't force there way through the 50% Fib.

http://i136.photobucket.com/albums/q...its/volume.jpg

Good call Moe

GP
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #114,477
  • Sep 16, 2008 6:15pm Sep 16, 2008 6:15pm
Quoting Monk
on a trade like this...what are u setting as a stop?
when i see a reversal... i'll post if i close that trade with a loss...
  • #114,478
  • Sep 16, 2008 6:16pm Sep 16, 2008 6:16pm
Quoting lilmoe
now short at 188.69

1st TP 187..89
2nd TP 187.25

keep stop tight lol ..

that up bar was on large volume ... but 2 down bars are on very light volume so doubt it was them testing for bulls ..I am short under 188.5 .. not before
Blogging daily now at www.volume.zone
  • #114,479
  • Sep 16, 2008 6:16pm Sep 16, 2008 6:16pm
Quoting Globalprofits
I caught it as well, i entered when the volume dropped and the bears couldn't force there way through the 50% Fib.



Good call Moe

GP
  • #114,480
  • Sep 16, 2008 6:17pm Sep 16, 2008 6:17pm
Quoting DutchTrader
AIG securing bridge loan as we speak, in order to avoid bankruptcy.
Even if the government gives them the loan, it won't help AIG at all. Ain't nobody going to give them a permanent financing arrangement to pay off the bridge loan.

The only reason this would happen is that the Republicans would love to push the bankruptcy out past the election.
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