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

  • #124,641
  • Oct 22, 2008 1:24am Oct 22, 2008 1:24am
1m/5m bear flag
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 14 KB
Trade what you see, not what you think.
  • #124,642
  • Oct 22, 2008 1:25am Oct 22, 2008 1:25am
Karmo

you having any shorts? (g/j positions i mean )

do you see a higher lows in the 1 min? does it matter at all?

after what point would you think long again?
maybe tonight also you go to sleep and wakeup to find 155 like you found 165 today?

thanks!
Serendipity
Quoting karmostaji
Here I'll attach it
  • #124,643
  • Oct 22, 2008 1:28am Oct 22, 2008 1:28am
Karmo

does this mean if it breaks 161.32 area its highly likely to be a downer? or say more conservatively break 161.20 to the downside and 161.95 to the upside for longs other wise

serendipity

Quoting karmostaji
1m/5m bear flag
  • #124,644
  • Oct 22, 2008 1:29am Oct 22, 2008 1:29am
Quoting Serendipity
Karmo

you having any shorts? (g/j positions i mean )

do you see a higher lows in the 1 min? does it matter at all?

after what point would you think long again?
maybe tonight also you go to sleep and wakeup to find 155 like you found 165 today?

thanks!
Serendipity
Yes I do, I haven't closed everything, plus I reloaded shorts at 162.80

now on the 1 min I see a bear flag, waiting to see if it breaks up or down, it should break down though.

I'm not sleeping anytime soon, it's 12:30pm here

I will go long once I see a clear reversal, to be safe actually just wait for 1h QQE to cross up and a candle to form above gann.
Trade what you see, not what you think.
  • #124,645
  • Oct 22, 2008 1:37am Oct 22, 2008 1:37am
Quoting karmostaji
1m/5m bear flag
hmm broke to the upside
Trade what you see, not what you think.
  • #124,646
  • Oct 22, 2008 1:37am Oct 22, 2008 1:37am
Quoting forexlion
I fully agree with the reverse concept, i closed all my shorts here and will sit on the sidelines until i get something to long on 1 hour.
excellent close

30 min macd has gone positive

subject to 163.38 break we are in a reversal
  • #124,647
  • Oct 22, 2008 1:39am Oct 22, 2008 1:39am
Thanks for the post forexlion. always appreciated

Quoting forexlion
excellent close

30 min macd has gone positive

subject to 163.38 break we are in a reversal
  • #124,648
  • Oct 22, 2008 1:43am Oct 22, 2008 1:43am
Quoting forexlion
excellent close

30 min macd has gone positive

subject to 163.38 break we are in a reversal
i agree.
  • #124,649
  • Oct 22, 2008 2:04am Oct 22, 2008 2:04am
Karmo any new info ? or are we seeing a reversal ?
  • #124,650
  • Oct 22, 2008 2:08am Oct 22, 2008 2:08am
Quoting pastorking
Karmo any new info ? or are we seeing a reversal ?
Possible bigger bear flag forming, could go up to 165 area
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Click to Enlarge Name: gj.gif Size: 13 KB
Trade what you see, not what you think.
  • #124,651
  • Oct 22, 2008 2:12am Oct 22, 2008 2:12am
Quoting karmostaji
hmm broke to the upside

looks like a false break
  • #124,652
  • Oct 22, 2008 2:18am Oct 22, 2008 2:18am
signs of turning back down on 5M chart ... seems price is unable to go above UTL. If price is rejected then 160.40 is the potential target.

We are in a wedge reversal pattern though (5M chart) so we should be careful of a reversal, even though it may be a temporary retrace.
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Discipline + Patience - Fear - Greed = Success
  • #124,653
  • Oct 22, 2008 2:38am Oct 22, 2008 2:38am
i'm loving the pip value, currently at 10.111 /pip/standard lot
  • #124,654
  • Oct 22, 2008 2:41am Oct 22, 2008 2:41am
Guppy next support level somewhere down here...
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  • #124,655
  • Oct 22, 2008 2:44am Oct 22, 2008 2:44am
Quoting TraderStar
Guppy next support level somewhere down here...
the right support!
  • #124,656
  • Oct 22, 2008 2:48am Oct 22, 2008 2:48am
'This is worse than a divorce; I've lost half my net worth and I still have a wife.'

[
  • #124,657
  • Oct 22, 2008 2:56am Oct 22, 2008 2:56am
if 15m QQE crosses downwards then I'll be looking for 88.6% 159.92 and then 157.5 area
Trade what you see, not what you think.
  • #124,658
  • Oct 22, 2008 2:59am Oct 22, 2008 2:59am
Quoting karmostaji
if 15m QQE crosses downwards then I'll be looking for 88.6% 159.92 and then 157.5 area
Sorry for the noob question, but what is QQE?
I see you use it a lot.
  • #124,659
  • Oct 22, 2008 3:01am Oct 22, 2008 3:01am
Quoting magnadyne
Sorry for the noob question, but what is QQE?
I see you use it a lot.
An indicator
Trade what you see, not what you think.
  • #124,660
  • Oct 22, 2008 3:05am Oct 22, 2008 3:05am
Quoting karmostaji
An indicator
A shame I do not have that one
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