i will short here with tight SL 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #121,762
- Oct 13, 2008 4:15am Oct 13, 2008 4:15am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
it's also getting annoying, just break that damn level already....
looks like we're paying a visit to weekly 5sma
176 monthly TL
177.70 4h 50ema
180 Daily gann hilo
I'd say this will bounce back off the monthly TL around 176
Trade what you see, not what you think.
- #121,763
- Oct 13, 2008 4:19am Oct 13, 2008 4:19am
same pattern for GU.
http://www.candlesticker.com/Cs62.asp
But we need a close from the current 4 h candle above the body of the last candle. In this case, the next 4 h candle in ~ 2 hours will be bullish then.
Interesting to see, how many people trade without basic
knowledge about candlestick pattern
However, green pips to you all
I would like to say just one thing... a clear engulfing pattern is when the second candlestick engulf all the body of the first one... for me is not so clear in this case, the bottom of two bodies are at the same level... I wait for the break of the resistance, for now I remain bearish, for me it's not enough the closing price of this 4 hour candle.
This thread is full of smart traders, I'm sure I will learn a lot
- #121,764
- Oct 13, 2008 4:27am Oct 13, 2008 4:27am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
there are strong resistances to break to reach the weekly 5sma and if it reaches there then the daily trend will change to bullish. the weekly 5sma is at 183.80
176 monthly TL
177.70 4h 50ema
180 Daily gann hilo
I'd say this will bounce back off the monthly TL around 176
u're right bro, however, if we're to go to weekly 5sma, i don't think it's going to happen in one shot.
there's a strong bearish HD on the 4h chart, and if we do get to 50ema, i'll start scaling big sized shorts
but i'll start picking tops at 175, i don't think we've reached the top for this consolidation yet.
- #121,765
- Oct 13, 2008 4:32am Oct 13, 2008 4:32am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
u're right bro, however, if we're to go to weekly 5sma, i don't think it's going to happen in one shot.
there's a strong bearish HD on the 4h chart, and if we do get to 50ema, i'll start scaling big sized shorts
but i'll start picking tops at 175, i don't think we've reached the top for this consolidation yet.
Trade what you see, not what you think.
- #121,766
- Oct 13, 2008 4:38am Oct 13, 2008 4:38am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
agreed and price still remains to trade within the 1h bear flag and UTL is around 175.30 now
- #121,767
- Oct 13, 2008 4:44am Oct 13, 2008 4:44am
just WHANT TO ASK
is it the 15 m strategy fit also to the 1m chart?
is it passibol to trad on the 1m chart white the same rool like on the 15 m gbp jpy strategy?
thenk u all for u r answer
and iam apolegis for my por english
heve a good day evrybody
is it the 15 m strategy fit also to the 1m chart?
is it passibol to trad on the 1m chart white the same rool like on the 15 m gbp jpy strategy?
thenk u all for u r answer
and iam apolegis for my por english
heve a good day evrybody
- #121,768
- Oct 13, 2008 4:47am Oct 13, 2008 4:47am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
If next 4h candle price above 174.80, we might see bullish mode. 
- #121,769
- Oct 13, 2008 5:07am Oct 13, 2008 5:07am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
First of all hi to everybody, my first post on this forum
I would like to say just one thing... a clear engulfing pattern is when the second candlestick engulf all the body of the first one... for me is not so clear in this case, the bottom of two bodies are at the same level... I wait for the break of the resistance, for now I remain bearish, for me it's not enough the closing price of this 4 hour candle.
This thread is full of smart traders, I'm sure I will learn a lot
If there is one, I will short it till 165 Patterns often are not perfect. On my chart I see 175/176 in a few hours.
But this only what I see.
- #121,770
- Oct 13, 2008 5:07am Oct 13, 2008 5:07am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
agreed and price still remains to trade within the 1h bear flag and UTL is around 175.30 now
- #121,772
- Oct 13, 2008 5:21am Oct 13, 2008 5:21am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
If next 4h candle price above 174.80, we might see bullish mode.
Good morning all ..
- #121,773
- Oct 13, 2008 5:23am Oct 13, 2008 5:23am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Bearish div all over the place now .. reversal is soon coming ..
Good morning all ..
- #121,774
- Oct 13, 2008 5:26am Oct 13, 2008 5:26am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #121,775
- Oct 13, 2008 5:28am Oct 13, 2008 5:28am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Bearish div all over the place now .. reversal is soon coming ..
Good morning all ..
Reversal depend on current H4 candle
- #121,776
- Oct 13, 2008 5:28am Oct 13, 2008 5:28am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #121,777
- Oct 13, 2008 5:30am Oct 13, 2008 5:30am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
agreed and price still remains to trade within the 1h bear flag and UTL is around 175.30 now
I recommend you read something else as this sentence is now concluded.
- #121,778
- Oct 13, 2008 5:31am Oct 13, 2008 5:31am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
hello bro, hows it going bro?
- #121,779
- Oct 13, 2008 5:32am Oct 13, 2008 5:32am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #121,780
- Oct 13, 2008 5:34am Oct 13, 2008 5:34am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.