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

  • #122,861
  • Oct 16, 2008 2:32am Oct 16, 2008 2:32am
today is crazy... not sure whats going on
  • #122,862
  • Oct 16, 2008 2:36am Oct 16, 2008 2:36am
Quoting PipBuLL007
today is crazy... not sure whats going on
Yea, got out of a short for -89.......
  • #122,863
  • Oct 16, 2008 2:39am Oct 16, 2008 2:39am
i was +100 then for some reason i counldnt get out of the trade and made for some reason got out at +3 profit..
Quoting Yaad
Yea, got out of a short for -89.......
  • #122,864
  • Oct 16, 2008 2:39am Oct 16, 2008 2:39am
Morning

I am ready for fresh green pips

got long from 172(my previous short target from 17570 )
I play yellow channel, short only below LTL or near UTL
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  • #122,865
  • Oct 16, 2008 2:47am Oct 16, 2008 2:47am
Imho it will be either double bottom (as it was mentioned at previous page) with ~165-167 lows or trend continuation with target at 147-149 area.
Almost no positive signs around and market looks to be nonbeliever in government (g7 coordinated as well as local actions) policy.
  • #122,866
  • Oct 16, 2008 2:57am Oct 16, 2008 2:57am
Quoting PJkiller
DR. good to see you have not seen you post in a while. What is your bias on gj? Thanks
been dealing with some private issues which also affect my decision abilites since i am 101% discretionary non mechanical
that's why i haven't posted that much yet.

i am mainly daytrading what price & vol tells me on lower timeframes so i am pretty much not interested in swing trades and don't care about long time targets which fall into the class of prediction.

currently i still see gj beeing pretty weak, like everything which we can trade..lol. so it is called short the retracements...

since 6 hours every 60m bar has a lower close except the current one, but it has 10m left to form and looks pretty weak yet with high vol.

but now there's just some gangfight taking place with whipsawing, no entry for me yet.

breaking of 174.30 till DP for upside / 170.50 for downside.

nevertheless, i currently see the path of least resistance to the downside.




@aspil

yw


@ak4x

yeah, it is a burden i am always frightened of the bulls which forces me to trade under the desk with my laptop
  • #122,867
  • Oct 16, 2008 3:06am Oct 16, 2008 3:06am
Waiting for breakout of flag or internal trendline, I believe gbp/yen is similar... ah well, back to bed
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  • #122,868
  • Oct 16, 2008 3:34am Oct 16, 2008 3:34am
Quoting 5ysfx
Morning

I am ready for fresh green pips

got long from 172(my previous short target from 17570 )
I play yellow channel, short only below LTL or near UTL

5ysfx,

we have seen yesterday the confirmation of tuesday shooting star,
this means, the downtrend is confirmend. You are pissing against the wind,
but it is OK, if you make your green pips.

I think it will start to fall, like yesterday, in the middle of US session.
  • #122,869
  • Oct 16, 2008 3:39am Oct 16, 2008 3:39am
Quoting ak4x
"I can see dead bulls. Walking around like regular traders. They don't see each other. They only see what they want to see. They don't know they're dead."

Dr Geppy... I had to get a different pair of specs out to read your signature, and then I nearly blew good Merlot all over the works. My God man!! Give a warning!!
i woldnt count on that just yet..you dont think they are just gonna give up on this one just yet
Imanuel Parsifal
  • #122,870
  • Oct 16, 2008 3:41am Oct 16, 2008 3:41am
hello everyone.

i'm waiting for 1h 50ema to short again. we might get a chance of reaching 175.50 though. i'll keep an eye.
  • #122,871
  • Oct 16, 2008 3:43am Oct 16, 2008 3:43am
does anybody have a good source to learn chart patterns?
I recommend you read something else as this sentence is now concluded.
  • #122,872
  • Oct 16, 2008 3:45am Oct 16, 2008 3:45am
Quoting lilmoe
hello everyone.

i'm waiting for 1h 50ema to short again. we might get a chance of reaching 175.50 though. i'll keep an eye.
I know I dont know much ..but I bet anything the no candle closes below 100 (for UJ) today. So the way I look at it the only way is to go long or not trade.
  • #122,873
  • Oct 16, 2008 3:45am Oct 16, 2008 3:45am
Quoting peaches
5ysfx,

we have seen yesterday the confirmation of tuesday shooting star,
this means, the downtrend is confirmend. You are pissing against the wind,
but it is OK, if you make your green pips.

I think it will start to fall, like yesterday, in the middle of US session.
agree breakout to downside is more likely
I will be cautious and will short when i see big momentum
For now i see 175 maybe
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  • #122,874
  • Oct 16, 2008 3:50am Oct 16, 2008 3:50am
Quoting Obaidah
does anybody have a good source to learn chart patterns?
try here http://www.onlinetradingconcepts.com/
  • #122,875
  • Oct 16, 2008 3:50am Oct 16, 2008 3:50am
Quoting Obaidah
does anybody have a good source to learn chart patterns?
Just google chart patterns or trading chart patterns and you will find a bunch of sites that teach them for free.
  • #122,876
  • Oct 16, 2008 3:52am Oct 16, 2008 3:52am
Quoting lilmoe
hello everyone.

i'm waiting for 1h 50ema to short again. we might get a chance of reaching 175.50 though. i'll keep an eye.
I'm not sure how you see any strength in all this weakness .. but you usually know what you're doing so I will be ready to close my short at any moment
  • #122,877
  • Oct 16, 2008 3:53am Oct 16, 2008 3:53am
Quoting alearner
I know I dont know much ..but I bet anything the no candle closes below 100 (for UJ) today. So the way I look at it the only way is to go long or not trade.
what is a no candle?
  • #122,878
  • Oct 16, 2008 3:55am Oct 16, 2008 3:55am
oil is at 72$ a barrel atm. it should be heading back to 87 for a retest of that level. i'm not sure how's that going to affect anything, but i went ahead for a long at 72. what do u think malcomb?
  • #122,879
  • Oct 16, 2008 3:57am Oct 16, 2008 3:57am
Quoting lilmoe
hello everyone.

i'm waiting for 1h 50ema to short again. we might get a chance of reaching 175.50 though. i'll keep an eye.
good morning bro
I recommend you read something else as this sentence is now concluded.
  • #122,880
  • Oct 16, 2008 4:00am Oct 16, 2008 4:00am
Quoting mko
try here http://www.onlinetradingconcepts.com/
Quoting TraderStar
Just google chart patterns or trading chart patterns and you will find a bunch of sites that teach them for free.
thanks.
I recommend you read something else as this sentence is now concluded.
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