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

  • #124,061
  • Oct 21, 2008 6:10am Oct 21, 2008 6:10am
Quoting peaches
170.X is a good target. Has to be made before us session opening, dow daily is a bullish pattern.

second candle is not an inside candle (?), but nothing is perfect in this world. I think it might be a major bullish reversal pattern (today might proof me wrong )

http://www.candlesticker.com/Cs61.asp
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  • #124,062
  • Oct 21, 2008 6:16am Oct 21, 2008 6:16am
Quoting peaches
second candle is not an inside candle (?), but nothing is perfect in this world. I think it might be a major bullish reversal pattern (today might proof me wrong )

http://www.candlesticker.com/Cs61.asp

Am worried about the same thing. :S
  • #124,063
  • Oct 21, 2008 6:19am Oct 21, 2008 6:19am
Based on the fibs, I have 169 to 170 range as a target on 76.8.

Attached Image (click to enlarge)
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[
  • #124,064
  • Oct 21, 2008 6:24am Oct 21, 2008 6:24am
yes, 170.90 is my target and then im done for the day.
  • #124,065
  • Oct 21, 2008 6:30am Oct 21, 2008 6:30am
  • #124,066
  • Oct 21, 2008 6:31am Oct 21, 2008 6:31am
so guys, where's our first possible stop? 168? or a retest of the low?
I recommend you read something else as this sentence is now concluded.
  • #124,067
  • Oct 21, 2008 6:33am Oct 21, 2008 6:33am
Quoting Obaidah
so guys, where's our first possible stop? 168? or a retest of the low?
I'll be taking profits at around the 170.71 area.
  • #124,068
  • Oct 21, 2008 6:34am Oct 21, 2008 6:34am
Quoting Obaidah
so guys, where's our first possible stop? 168? or a retest of the low?
possibly 170.5

but 4h chart indicating strong bearish movement
Trade what you see, not what you think.
  • #124,069
  • Oct 21, 2008 6:35am Oct 21, 2008 6:35am
woah..I'm rich B1tch. I'm out.
  • #124,070
  • Oct 21, 2008 6:38am Oct 21, 2008 6:38am
well, its been fun took 600 pip profit today thanx guyz!
  • #124,071
  • Oct 21, 2008 6:41am Oct 21, 2008 6:41am
Quoting Nauth
well, its been fun took 600 pip profit today thanx guyz!
good work

out with +180 from this one

+280 today for me
  • #124,072
  • Oct 21, 2008 6:43am Oct 21, 2008 6:43am
Quoting karmostaji
possibly 170.5

but 4h chart indicating strong bearish movement
i think we might see a significant bounce from here (100-150 pips). then another leg down to 169
  • #124,073
  • Oct 21, 2008 6:45am Oct 21, 2008 6:45am
Quoting karmostaji
possibly 170.5

but 4h chart indicating strong bearish movement
why 170.5? support level on H4 chart or daily pivot?
I recommend you read something else as this sentence is now concluded.
  • #124,074
  • Oct 21, 2008 6:46am Oct 21, 2008 6:46am
LoL let me explain the 600 ppip profit

short 1 - 171.92 (92pip)
short 2 - 173.22 (222pip)
short 3 - 174.40 (340pip)
TP- 171.00

eh so about 650pips LoL, what a great day!
  • #124,075
  • Oct 21, 2008 6:49am Oct 21, 2008 6:49am
Quoting lilmoe
i think we might see a significant bounce from here (100-150 pips). then another leg down to 169
from here? don't think so

let's touch 170.5 first n see
Trade what you see, not what you think.
  • #124,076
  • Oct 21, 2008 6:53am Oct 21, 2008 6:53am
Quoting karmostaji
from here? don't think so

let's touch 170.5 first n see
yep.

it has to be done during the next hour, because in 1 hour, starts next
4 h candle, and next 4 h candle needs upper wick (or lower wick in case of reverse). I will be flat when new york opens, only jump in, if I see nice PA.

Over all there is a big big bear
  • #124,077
  • Oct 21, 2008 6:55am Oct 21, 2008 6:55am
one more drop and i will reverse

momentum divergence
fibo confluence around 17030 area
LTL of the possible channel
Attached Image (click to enlarge)
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  • #124,078
  • Oct 21, 2008 7:00am Oct 21, 2008 7:00am
Quoting peaches
yep.

it has to be done during the next hour, because in 1 hour, starts next
4 h candle, and next 4 h candle needs upper wick (or lower wick in case of reverse). I will be flat when new york opens, only jump in, if I see nice PA.

Over all there is a big big bear
Hey peaches, I'm glad you are posting in this thread ... every time I see your PA analysis I understand it better. I'm reading some books about it ... I hope I can reach your level of confidence to use those patterns soon.

I vouched for you
Discipline + Patience - Fear - Greed = Success
  • #124,079
  • Oct 21, 2008 7:01am Oct 21, 2008 7:01am
Quoting karmostaji
from here? don't think so

let's touch 170.5 first n see
so far so good

closed long scalp for 75 pips
  • #124,080
  • Oct 21, 2008 7:03am Oct 21, 2008 7:03am
Quoting lilmoe
so far so good

closed long scalp for 75 pips
lol I'm scared to scalp any longs, I'll just stay with my shorts on until I see a clear reversal or something.
Trade what you see, not what you think.
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