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

  • #117,881
  • Sep 29, 2008 8:28am Sep 29, 2008 8:28am
Quoting PandoraBox
maybe just a little rebound then drop again bro
I am watching UJ but trading GJ
  • #117,882
  • Sep 29, 2008 8:31am Sep 29, 2008 8:31am
Quoting forexlion
longer term is still in favour of 187.54, subject to break of that support, but shorter term of 30 min favours a retrace, so lets so how long the support holds there.

Nice Looking indicator. Do you think we will hit the 187.54 area today? I was looking at a target of 189.75 area.
  • #117,883
  • Sep 29, 2008 8:34am Sep 29, 2008 8:34am
no... i don't think so. it would be too easy. we will have another rally or at least an attempt to break 197 area again.
this move up from 184.47 is a correction, and corrections are almost NEVER straightforward - like this one was so far.
Quoting karmostaji
If today's candle closes below Daily gann and the Daily gann hil crosses down, then my targets are 184, 180, 176
Nihil Sine Deo.
  • #117,884
  • Sep 29, 2008 8:35am Sep 29, 2008 8:35am
Quoting Scrat
no... i don't think so. it would be too easy. we will have another rally or at least an attempt to break 197 area again.
this move up from 184.47 is a correction, and corrections are almost NEVER straightforward - like this one was so far.
Ok sir, the battle is on
Trade what you see, not what you think.
  • #117,885
  • Sep 29, 2008 8:37am Sep 29, 2008 8:37am
Quoting mktjong
I am watching UJ but trading GJ
Ok, I think now is the time ..lol ..
  • #117,886
  • Sep 29, 2008 8:42am Sep 29, 2008 8:42am
IMO, Short term: We may see retracement soon. 5m bullish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-092908-0941-5m.jpg Size: 427 KB
Do not follow my trades. Trade what you see on your own charts.
  • #117,887
  • Sep 29, 2008 8:51am Sep 29, 2008 8:51am
Well all this bullish sentiment is making me take profits quickly from the shorts, never a bad thing I guess .. flat again now.
  • #117,888
  • Sep 29, 2008 8:55am Sep 29, 2008 8:55am
Quoting TraderStar
Well all this bullish sentiment is making me take profits quickly from the shorts, never a bad thing I guess .. flat again now.
Profit is always a good thing. I did take mine too 510 pips for today.
Do not follow my trades. Trade what you see on your own charts.
  • #117,889
  • Sep 29, 2008 8:58am Sep 29, 2008 8:58am
i understand everyone has an opinion and i respect that anyone has the right to post there thoughts. so now i will exercise my rights to post. for god sake, i have been listening this thing about retracements for the last 5 hours now. lol. nothing says this pair has to do anything until it has comfirmed. so lets stop asuming and guessing, till some sort of confirmation. i see nothing but short from 5m up.
  • #117,890
  • Sep 29, 2008 9:01am Sep 29, 2008 9:01am
Uh -oh, rocket launch ... thanks scrat for your comments, made me more vigilent and I was already out
  • #117,891
  • Sep 29, 2008 9:01am Sep 29, 2008 9:01am
Quoting igmak
Profit is always a good thing. I did take mine too 510 pips for today.
Now thats what I call profit!
  • #117,892
  • Sep 29, 2008 9:03am Sep 29, 2008 9:03am
Quoting Macedonia
i understand everyone has an opinion and i respect that anyone has the right to post there thoughts. so now i will exercise my rights to post. for god sake, i have been listening this thing about retracements for the last 5 hours now. lol. nothing says this pair has to do anything until it has comfirmed. so lets stop asuming and guessing, till some sort of confirmation. i see nothing but short from 5m up.
1H momentum is pointing up and 4H momentum is flat, possible retracement is due..
I recommend you read something else as this sentence is now concluded.
  • #117,893
  • Sep 29, 2008 9:08am Sep 29, 2008 9:08am
Quoting Obaidah
1H momentum is pointing up and 4H momentum is flat, possible retracement is due..
once the 15m gan crosses i might think about it.
  • #117,894
  • Sep 29, 2008 9:09am Sep 29, 2008 9:09am
ia have lost a lot of my account.
don't really know what i was doing wrong.
maybe was a volatile market.. i don't know but i can't stop loosing.

please help me with some info to get back on track
  • #117,895
  • Sep 29, 2008 9:10am Sep 29, 2008 9:10am
Quoting TraderStar
Uh -oh, rocket launch ... thanks scrat for your comments, made me more vigilent and I was already out
Federal reserve made an anouncement thats why we had that spike. something about steps that will help the market. no great reaction at the moment.
  • #117,896
  • Sep 29, 2008 9:16am Sep 29, 2008 9:16am
paul newman died yesterday. may God rest him in peace.
Nihil Sine Deo.
  • #117,897
  • Sep 29, 2008 9:18am Sep 29, 2008 9:18am
alright. we're on then.

Quoting karmostaji
Ok sir, the battle is on
Nihil Sine Deo.
  • #117,898
  • Sep 29, 2008 9:21am Sep 29, 2008 9:21am
Fellow traders,

I woke up to 5-6 pages of new posts. Nearly all of them are based on bottom fishing. Trying to pick the bottom and waiting for the retracement.

Here is what I learned in mid August. You cannot stop a run away train! In August, I made about 5 calls for a bottom just to watch her dive another 100 pips. I finally gave up and waited for my charts to tell me we have finally hit a bottom. I also spent allot of time telling myself "it's oversold and a retracement is due". Yes, this was true, but that didnt come for days from the first time I said it.

In terms of the coming bottom or retracement, we have to be honest with ourselves. Fundimentals are driving this thing right now. Congress has 2 pills for the migraine the market has but is only going to give 1 pill right now and IMHO, give the other 1 when they realize you cannot kill a migraine with 1 pill. To add to this, we have a major bank here inthe US selling itself as we speak so they dont fail and a major bank in the EU fail overnight.

Guys/Gals, Let's stop trying to pick this bottom until the chart tells us we have a bottom.

Just my 3 pips,

B
  • #117,899
  • Sep 29, 2008 9:22am Sep 29, 2008 9:22am
second TP on GJ done... closing now
  • #117,900
  • Sep 29, 2008 9:26am Sep 29, 2008 9:26am
OK, are there still any bulls in here???

bigcoupe, thanks for that info on the spike, I was wondering what goosed her.
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