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

  • #114,921
  • Sep 17, 2008 1:25pm Sep 17, 2008 1:25pm
Quoting malcolmb14
1.8238

78 % fib ex
Exactly closed the gap at 1.8172
  • #114,922
  • Sep 17, 2008 1:26pm Sep 17, 2008 1:26pm
Quoting malcolmb14
ym coming up off a double bottom on rsi14 bullish divergence , 5 min ,to test 10800 once more .. should take gj up into 190.50 range if it does

189.21 as long as gj stays above that I am long
closed gj in target range....190.40
Blogging daily now at www.volume.zone
  • #114,923
  • Sep 17, 2008 1:28pm Sep 17, 2008 1:28pm
Quoting malcolmb14
closed gj in target range....190.40

wow, your tp target is way better, closed mine at 190.10 ..... lots more to learn form you and all the helpful ppl here
loss 100k in Forex, up 1k, still have 99% to go!!
  • #114,924
  • Sep 17, 2008 1:38pm Sep 17, 2008 1:38pm
I'm sticking to my original target of 192, which is also where the daily gann is. The last two times price hit the daily gann, we got two very strong bounces. So I would be careful with longs around the daily gann.
  • #114,925
  • Sep 17, 2008 1:39pm Sep 17, 2008 1:39pm
Quoting evilglory
wow, your tp target is way better, closed mine at 190.10 ..... lots more to learn form you and all the helpful ppl here

I closed mine to early to

and I closed YM 100 points gao ... went to 10800 and higher as thought .. one phone call is all it took to miss that trade on YM lol.... and it was only a 30 second call
Blogging daily now at www.volume.zone
  • #114,926
  • Sep 17, 2008 1:42pm Sep 17, 2008 1:42pm
Quoting malcolmb14
closed gj in target range....190.40
Closed some of mine at daily pivot 76 still too soon
Price does what price wants , I just need to be prepared.
  • #114,927
  • Sep 17, 2008 1:44pm Sep 17, 2008 1:44pm
christ its so tempting to buy more!!

195??
--post hoc ergo propter hoc--
  • #114,928
  • Sep 17, 2008 1:44pm Sep 17, 2008 1:44pm
LOL. Wonder how many people got stopped out with this move. Classic stop hunt tactics. If you are long at higher levels this is the perfect time to close your positions. For me I am short now.
  • #114,929
  • Sep 17, 2008 1:46pm Sep 17, 2008 1:46pm
This massive bearish div is telling us that downtrend is over definitively? this movement up is crazy!

After 5pm at NY it should go down, my question is how much down we should go??

and our definitive gy bottom is the one we are seeing??

Scared as hell!!

Can someone tellme plaussible possible targets???
The market can stay irrational, longer than you can stay solvent.
  • #114,930
  • Sep 17, 2008 1:47pm Sep 17, 2008 1:47pm
i'm still in from 187.50
SL at 190
No limit set
--post hoc ergo propter hoc--
  • #114,931
  • Sep 17, 2008 1:49pm Sep 17, 2008 1:49pm
touched weekly pivot
Price does what price wants , I just need to be prepared.
  • #114,932
  • Sep 17, 2008 1:49pm Sep 17, 2008 1:49pm
man .. just came back and see the price over the moon .. what happen?
  • #114,933
  • Sep 17, 2008 1:50pm Sep 17, 2008 1:50pm
this move is coming from GU .. which is being driven by the $5 rise in oil and $75 rise in gold .

We should get a retrace if this move is to continue up ...wait for the bull flag to form then trade the break out of the flag.

when profit tkaing kicks in it will drops 100 pips plus in minutes

do you think the $75 rise in gold is due to risk tolerance ...NO
Blogging daily now at www.volume.zone
  • #114,934
  • Sep 17, 2008 1:50pm Sep 17, 2008 1:50pm
192 should provide resistance, That is the daily gann for GJ, If we close aboe that then we would most likely be closeing the gap at 198
  • #114,935
  • Sep 17, 2008 1:51pm Sep 17, 2008 1:51pm
Quoting mktjong
man .. just came back and see the price over the moon .. what happen?
Einstain 4x guy is moving the market again!
The market can stay irrational, longer than you can stay solvent.
  • #114,936
  • Sep 17, 2008 1:51pm Sep 17, 2008 1:51pm
Quoting mktjong
man .. just came back and see the price over the moon .. what happen?

I bought 500 yards
Blogging daily now at www.volume.zone
  • #114,937
  • Sep 17, 2008 1:54pm Sep 17, 2008 1:54pm
we need a 1hr close above 191.55 for the bulls to continue
  • #114,938
  • Sep 17, 2008 1:54pm Sep 17, 2008 1:54pm
Quoting malcolmb14
1.8238

78 % fib ex

Attachment
closed mine 1.8228 .... no need to be greedy
Blogging daily now at www.volume.zone
  • #114,939
  • Sep 17, 2008 1:57pm Sep 17, 2008 1:57pm
By the way guys, I was waiting for the day to close to post this, but clearly price has preceded me, but for informational purposes...candlestick analysis is more accurate on daily and weekly charts. I don't trade on weekly or even daily, but I use the patterns that I may pick up to identify trades and then refine the entry in the smaller time frames using the qqe , gann etc.

Now I noticed that this pattern in the circle seemed to be a repeating pattern, so I expected cable to fly up, admittedly I expected it to do it mostly at the start of the new day.

But the lesson for me is to remember that candlesticks can be combined. Let's see what happens next.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB
  • #114,940
  • Sep 17, 2008 1:57pm Sep 17, 2008 1:57pm
Listen all, this is a critical technicall level, since 191.70 is the upper part of the bearish trend channel.

If we brake this channel (by a flag formation) down trend is over!

what are the posibilities of a huge down reversal??
The market can stay irrational, longer than you can stay solvent.
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