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

  • #123,041
  • Oct 16, 2008 10:03am Oct 16, 2008 10:03am
http://www.ksc.com.hk/zoo/bears.jpg
Trade what you see, not what you think.
  • #123,042
  • Oct 16, 2008 10:03am Oct 16, 2008 10:03am
Quoting OrionsWay
a great book on channels stikky stock chart, not sure the author. the channel is basically divided into 4 parts sup/demand lines 50% median and the 1/4 25 75% areas as the point where the channel is defined by participation on the apprroach or lack of.


I wouldnt put much faith in any channel under 30m its mostly just noise of the bigger picture
Is this the one from Laurence Holt? http://www.amazon.com/Stikky-Stock-C.../dp/1932974008
Just joking..
  • #123,043
  • Oct 16, 2008 10:06am Oct 16, 2008 10:06am
Quoting pedro13
Is this the one from Laurence Holt? http://www.amazon.com/Stikky-Stock-C.../dp/1932974008

not sure, the copy i seen before had red cover. never read myself, just told by many



sounds like a good one though and cheap enough


There is a program called Tradeguider. very good at channeling finding supply and demand. Based on the knowledge if Tom Williams. retired professional trader back in the day. Anyways this program auto identiffies valid channels old tops bottoms and places clusters on a chart. the clusters are OLD channels from history which all conjunct together showing hi sup/res areas. Truely a nice program. Pricey but worth it until one can identify the action of professional money or lack of it
"Millionaires don't use astrology, billionaires do"
  • #123,044
  • Oct 16, 2008 10:07am Oct 16, 2008 10:07am
  • #123,045
  • Oct 16, 2008 10:07am Oct 16, 2008 10:07am
Just in the case that this support does not break during current 4 h candle:
It´doesn´t matter !

A bearish continuation pattern on 4 h is a bearish continaution pattern.
The 4 h candle after this current candle minimum will be large bearish.

Thats the pattern.
  • #123,046
  • Oct 16, 2008 10:09am Oct 16, 2008 10:09am
Quoting peaches
Just in the case that this support does not break during current 4 h candle:
It´doesn´t matter !

A bearish continuation pattern on 4 h is a bearish continaution pattern.
The 4 h candle after this current candle minimum will be large bearish.

Thats the pattern.


I just took a whole bottle of patience pills and injected myself with 10 shots ahahah
Trade what you see, not what you think.
  • #123,047
  • Oct 16, 2008 10:10am Oct 16, 2008 10:10am
Quoting karmostaji
sure, for every 2 pills, you get 1 free shot

Thanks, I can use that free shot to calm my nerves... Good looking out.
  • #123,048
  • Oct 16, 2008 10:13am Oct 16, 2008 10:13am
Quoting karmostaji


I just took a whole bottle of patience pills and injected myself with 10 shots ahahah
oil below 70$ a barrel, and YM broke 78.6 fibo and drowning.

everything is drowning
  • #123,049
  • Oct 16, 2008 10:14am Oct 16, 2008 10:14am
Quoting lilmoe
oil below 70$ a barrel, and YM broke 78.6 fibo and drowning.

everything is drowning
I like it, this beast should tank also, just a matter of time.
Trade what you see, not what you think.
  • #123,050
  • Oct 16, 2008 10:17am Oct 16, 2008 10:17am
bear flag broken to the downside by 15m candle

if 1h QQE crosses down n candle forms below 1h, we will see GJ in tanking mode.
Trade what you see, not what you think.
  • #123,051
  • Oct 16, 2008 10:18am Oct 16, 2008 10:18am
Daily candle starting to look sweeeeet
  • #123,052
  • Oct 16, 2008 10:21am Oct 16, 2008 10:21am
pivot support one is ~ 170.500 on my chart, it might bounce there
50 or 100 pips, before continuation down.
  • #123,053
  • Oct 16, 2008 10:23am Oct 16, 2008 10:23am
WHO ATE MY SHORT?
  • #123,054
  • Oct 16, 2008 10:25am Oct 16, 2008 10:25am
i hate pinbars.... if this keeps up i'm closing my shorts and going standby mode.
  • #123,055
  • Oct 16, 2008 10:26am Oct 16, 2008 10:26am
Someone needs to take out the UJ so the GY will be free to fall.
Any snipers in here?
  • #123,056
  • Oct 16, 2008 10:28am Oct 16, 2008 10:28am
Quoting karmostaji


I just took a whole bottle of patience pills and injected myself with 10 shots ahahah

Amen to that.... What was your Entry Price Karmo?

I entered my short at 173.10
  • #123,057
  • Oct 16, 2008 10:31am Oct 16, 2008 10:31am
Quoting lilmoe
i hate pinbars.... if this keeps up i'm closing my shorts and going standby mode.
close quickly so we can tank
Trade what you see, not what you think.
  • #123,058
  • Oct 16, 2008 10:46am Oct 16, 2008 10:46am
enough retesting and go down

wtf is it doing sticking to that trendline lool
Trade what you see, not what you think.
  • #123,059
  • Oct 16, 2008 10:52am Oct 16, 2008 10:52am
Quoting iziogas
this beauty is about to dive
back then, we were at 195,5.

Be aware now... this beauty is about to rise. Not much, but she is heading up.
  • #123,060
  • Oct 16, 2008 10:55am Oct 16, 2008 10:55am
Quoting karmostaji
enough retesting and go down

wtf is it doing sticking to that trendline lool
IMO gopher shows singns of live lol


went long at 17310 SL 50 pips
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