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

  • #121,221
  • Oct 10, 2008 7:26am Oct 10, 2008 7:26am
cant believe , i m trading 5 second chart, took long above dp , then shorted back to it , and now long again, its really crazy
  • #121,222
  • Oct 10, 2008 7:29am Oct 10, 2008 7:29am
Quoting Serendipity
forexlion. does it come back and retest the kiss of death or fall back continuously usually?

thanks
serendipity
wait for the dust to settle, one thing is sure, unless there is some strong news this is not going to go beyond the kiss of death level.

the buyers / sellers power has gone into consolidation here
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  • #121,223
  • Oct 10, 2008 7:29am Oct 10, 2008 7:29am
Fib levels seems to be working for now... catching small limit shorts with tight stops from just over the fib levels for scalp pips, taking 70% off real fast and let it stop me out at +3 on remainder. If it reverses tho, I'm in with 30%, and the movement has been somewhat cooperative so far... in conjunction with 1-3m charts

small short currently from the 71.85 level holding steady in the green..

Now where'd I put that spare oxygen tank...?
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FUBAR...
  • #121,224
  • Oct 10, 2008 7:33am Oct 10, 2008 7:33am
My chart says we are going to 132.35
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  • #121,225
  • Oct 10, 2008 7:34am Oct 10, 2008 7:34am
Quoting forexlion
GJ goes up achieves kiss of death then drops dead, interesting isn't it
you need an "Oh Sh!t!" indi to complete the trilogy.
FUBAR...
  • #121,226
  • Oct 10, 2008 7:36am Oct 10, 2008 7:36am
Quoting ak4x
you need an "Oh Sh!t!" indi to complete the trilogy.
well there is one more called holyshit
  • #121,227
  • Oct 10, 2008 7:37am Oct 10, 2008 7:37am
The rise was nice and the fall even nicer. If it goes up to the top trend line I'll short again.

PS: I don't know about other brokers, but I am having a hell of a time with requotes and "invalid prices" with IBFX
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  • #121,228
  • Oct 10, 2008 7:37am Oct 10, 2008 7:37am
thanks man!

Quoting forexlion
wait for the dust to settle, one thing is sure, unless there is some strong news this is not going to go beyond the kiss of death level.

the buyers / sellers power has gone into consolidation here
  • #121,229
  • Oct 10, 2008 7:37am Oct 10, 2008 7:37am
back in short from 47 sl at b/e sorry guys was trying to post for the last 7 mins ff server was overloaded would not let me post shooting for 170.20 initial target
Price does what price wants , I just need to be prepared.
  • #121,230
  • Oct 10, 2008 7:39am Oct 10, 2008 7:39am
2nd tp 168.80
Price does what price wants , I just need to be prepared.
  • #121,231
  • Oct 10, 2008 7:39am Oct 10, 2008 7:39am
shorts can be attempted closer to 171.5, since overall trend is down

but

since we have a G7 meet during the weekend, i am closing shop here.
  • #121,232
  • Oct 10, 2008 7:40am Oct 10, 2008 7:40am
Quoting lilmoe
there goes my first 100 for the day. rest at profit.
rest closed. might be forming my bull flag (handle).

i'm trading the breakout upwards if that happens.

also going long at 169.80/90 if we get there
  • #121,233
  • Oct 10, 2008 7:41am Oct 10, 2008 7:41am
Quoting GodfreyH
The rise was nice and the fall even nicer. If it goes up to the top trend line I'll short again.

PS: I don't know about other brokers, but I am having a hell of a time with requotes and "invalid prices" with IBFX
i keep a 1000 slippage on IBFX and it works !!!
  • #121,234
  • Oct 10, 2008 7:42am Oct 10, 2008 7:42am
1h YM (DOW) chart indicates bearish continuation
Trade what you see, not what you think.
  • #121,235
  • Oct 10, 2008 7:44am Oct 10, 2008 7:44am
Price bounces hard off 1h 50ema and close to 4h gann, as long as it trades below these 2, high possibility of bearish continuation.

This is only technical, news can do crazy things so keep in mind.
Trade what you see, not what you think.
  • #121,236
  • Oct 10, 2008 7:44am Oct 10, 2008 7:44am
Quoting forexlion
shorts can be attempted closer to 171.5, since overall trend is down

but

since we have a G7 meet during the weekend, i am closing shop here.
FXlion....i followed you and it is going down..why are you closing the shop soon..the bear trend is down....divergence is bearish?
  • #121,237
  • Oct 10, 2008 7:45am Oct 10, 2008 7:45am
banked 100 on 3/4 1/4 left s/l at + 25 almost hit first target could not help my self its 100 pips lol
Price does what price wants , I just need to be prepared.
  • #121,238
  • Oct 10, 2008 7:46am Oct 10, 2008 7:46am
oh yea obviously got stopped out on my earlier 1/4 at +25
Price does what price wants , I just need to be prepared.
  • #121,239
  • Oct 10, 2008 7:46am Oct 10, 2008 7:46am
Quoting forexlion
wait for the dust to settle, one thing is sure, unless there is some strong news this is not going to go beyond the kiss of death level.

the buyers / sellers power has gone into consolidation here
The problem I've had with the bull/bears power indicators is that it can change at any moment.
  • #121,240
  • Oct 10, 2008 7:47am Oct 10, 2008 7:47am
Good Morning all,

Countdown begins for freaky friday.
131 pips this morning for my collection.

Short @ 171.56 - TP 168 - SL @ BE
Do not follow my trades. Trade what you see on your own charts.
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