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

  • #115,121
  • Sep 17, 2008 5:44pm Sep 17, 2008 5:44pm
Quoting malcolmb14
I saw that flag this mornng and kept going long on day trades ... 2x 60 pip stops out I learnt my lesson and the stupid thing broke out later in day

But i got my pips back and some ....
Same thing here .. got stopped out this morning on short. Went to lunch and came back all toasted .. made some back afterwards.
  • #115,122
  • Sep 17, 2008 5:44pm Sep 17, 2008 5:44pm
No, I am Bearish. I believe Malcolmb and rgitt05 are also Bearish.

Quoting seesaw
Thanks!

OK, so let me get this straight. There is a camp on this board that the guppy is strongly bullish, right?

I don't see a bullish daily candle. Am I blind?

Also, didn't cable just "fill the gap" and now its moves would be down?

And regarding the 4H chart, how is that bullish? I'm puzzled.....

Maybe I need glasses....
Que
  • #115,123
  • Sep 17, 2008 5:45pm Sep 17, 2008 5:45pm
Quoting TraderStar
They have a terrible rating on forexpeacearmy .. and I have heard some pretty bad things about them, mostly involving taking out stops. I checked them out in the beginning and was not comfortable with them at all.
Just remember that forexpeacearmy is run by one of the bigest scammers on the net and all he is interested in is giving MBTrading good reviews and getting big fat commision cheqs!

He also rips people off with crap signal services, i wouldn't take much notice of what he has to say, here is just one warning that i found about him:

http://answers.yahoo.com/question/in...8203505AAlJyT7

GP
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #115,124
  • Sep 17, 2008 5:46pm Sep 17, 2008 5:46pm
Quoting TraderStar
Explain this flag thing to me please .. on the 5' I see a .. bullish flag? on the GY ... but then it did a fake b/o to the upside and continued down . .. but from malcomb's comments earlier, it was if he expected it to continue down even tho calling it a bullish flag ... so how do these things work??


Oops forgot to upload my chart .. here it is
http://baresearch.com/education/tech.../bull_flag.php

http://www.thestockbandit.com/Bull-flag.htm

http://www.chartpatterns.com/flagsandpennants.htm

some bedtime reading

not ALL breakouts work ..... we did breakout this falg .. BUT on a 5min chart you have to remember what time we are at ... we are between sessions. Things likely not to get rocking on GJ till Tokyo

You need volume for true breakouts to happen
Blogging daily now at www.volume.zone
  • #115,125
  • Sep 17, 2008 5:47pm Sep 17, 2008 5:47pm
Quoting Que
No, I am Bearish. I believe Malcolmb and rgitt05 are also Bearish.
I think I am referring to Ephisi. Hesaid something about strong bullish daily MOM. I don't even understand. But he has also said how daily MOMs have never failed to be right.

Ephisi, if you are reading this pls can you explain? Thank you. Always looking to learn.
  • #115,126
  • Sep 17, 2008 5:47pm Sep 17, 2008 5:47pm
Something is fishy here .. each tick has more than 10 pips .. really scary .. sharks are devouring preys
  • #115,127
  • Sep 17, 2008 5:47pm Sep 17, 2008 5:47pm
Quoting Que
No, I am Bearish. I believe Malcolmb and rgitt05 are also Bearish.

Bearish for now ... but can change with the wind ... lol
Blogging daily now at www.volume.zone
  • #115,128
  • Sep 17, 2008 5:49pm Sep 17, 2008 5:49pm
Wow, I am seeing almost 0 movement right now.

Quoting mktjong
Something is fishy here .. each tick has more than 10 pips .. really scary .. sharks are devouring preys
Que
  • #115,129
  • Sep 17, 2008 5:50pm Sep 17, 2008 5:50pm
As a matter of fact, when the M5 Gann crossed I added to my short at 189.30 and whe has been riding that level for goin on a half hour.
Que
  • #115,130
  • Sep 17, 2008 5:51pm Sep 17, 2008 5:51pm
Quoting Que
Wow, I am seeing almost 0 movement right now.
Mine is FxSolutions
  • #115,131
  • Sep 17, 2008 5:55pm Sep 17, 2008 5:55pm
Quoting malcolmb14
Bearish for now ... but can change with the wind ... lol
And has been doing it about every hour for the past several days

I am also trying to sort out who is bearish, who bullish in here .. problem is people often say they are bullish (or bearish) but don't mention timeframe .. so it might be bullish for the next hour, but overall bearish .. or vice versa.

Maybe some of the 'pros' in here could post their long term bias and if they are counter-playing some short term strategies in the meantime.
  • #115,132
  • Sep 17, 2008 5:56pm Sep 17, 2008 5:56pm

Quoting Que
Wow, I am seeing almost 0 movement right now.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min chart.gif Size: 56 KB
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  • #115,133
  • Sep 17, 2008 5:58pm Sep 17, 2008 5:58pm
I agree, just hope its south.

Quoting rgitt05
Que
  • #115,134
  • Sep 17, 2008 5:58pm Sep 17, 2008 5:58pm
Quoting rgitt05
Consolidation for a breakout...
Which way, quick!
  • #115,135
  • Sep 17, 2008 5:59pm Sep 17, 2008 5:59pm
According to every world clock I can find, it will be 0800 in Tokyo in 2 minutes .. so they open at 9?
  • #115,136
  • Sep 17, 2008 5:59pm Sep 17, 2008 5:59pm
Quoting Que
No, I am Bearish. I believe Malcolmb and rgitt05 are also Bearish.
but i'm still bullish as long as both these CCI and price TLs hold on 4h...

Attached Image (click to enlarge)
Click to Enlarge Name: gj_4h_tl_cci.gif Size: 21 KB
  • #115,137
  • Sep 17, 2008 6:02pm Sep 17, 2008 6:02pm
Quoting TraderStar
And has been doing it about every hour for the past several days

I am also trying to sort out who is bearish, who bullish in here .. problem is people often say they are bullish (or bearish) but don't mention timeframe .. so it might be bullish for the next hour, but overall bearish .. or vice versa.

Maybe some of the 'pros' in here could post their long term bias and if they are counter-playing some short term strategies in the meantime.
Im bullish right through to the monthly charts from here, would post charts but just cant be bothered with the aftermath of it
"Millionaires don't use astrology, billionaires do"
  • #115,138
  • Sep 17, 2008 6:03pm Sep 17, 2008 6:03pm
here is what I think 189.2 break down we go to 188

sorry for complicated chart....


Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 30 KB
Blogging daily now at www.volume.zone
  • #115,139
  • Sep 17, 2008 6:04pm Sep 17, 2008 6:04pm

Quoting lilmoe
but i'm still bullish as long as both these CCI and price TLs hold on 4h...

Attachment
Attached Image (click to enlarge)
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  • #115,140
  • Sep 17, 2008 6:04pm Sep 17, 2008 6:04pm
In Australia today is when the hoard of September options expire. Not too sure if its the same with the rest of the world but this seems to have a massive effect on the indicies around here. Premarket ETF indicies were trading at one stage 10% above their Wednesday close even when the DJ plunged another 4% in overnight trading.
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