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

  • #125,121
  • Oct 22, 2008 10:27pm Oct 22, 2008 10:27pm
A 1h candle close above 1h gann and the retracement should start.
Trade what you see, not what you think.
  • #125,122
  • Oct 22, 2008 10:29pm Oct 22, 2008 10:29pm
Quoting malcolmb14
karmo he is right ..... you have a lot to learn ......he did not portray it properly . Professionals selling into strength and buying into weakness is the basics of how the market works and if you get to grips with equivolume trading or volume spread analysis you will understand this.

Do you honestly think a professional would short the market down here ... even if it does go down another 1000 pips .. no .. they will wait for a retracement back up to 170 and then sell into the strength .

The same is is true for market bottoms .. they want to buy at value .. they will test the market .. pushing prices lower and lower to see where the sellers are and when the sellers seem exhausted they will start buying.

right now i am looking for another long off 158 as we seem to be testing the market bottom right now on all time frames to 60 min....

look at volume on this chart ... it is declining as price moves down ... this is considered bullish ... the pros are testing the market lower .. marking it down so to speak .....


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  • #125,123
  • Oct 22, 2008 10:31pm Oct 22, 2008 10:31pm
Quoting pkimnyc
just out of curiosity (and i'm not being sarcastic), were you buying yesterday during asia session?
no i dont trade during asia i trade during london and new york.
  • #125,124
  • Oct 22, 2008 10:32pm Oct 22, 2008 10:32pm
Quoting quecee5
LOL! ok bro we can agree to disagree. . . Good luck on your longs! My shorts are looking good right now even the ones I have on the recent spike up. . .

havent taken any longs yet just looking for them.
  • #125,125
  • Oct 22, 2008 10:33pm Oct 22, 2008 10:33pm
Quoting malcolmb14
scalps are all good ..... 300 pips on long scalps in asia....trading the range baby
LOL!
That's all good if that's your style of trading. . .
  • #125,126
  • Oct 22, 2008 10:33pm Oct 22, 2008 10:33pm
Quoting steelhead
havent taken any longs yet just looking for them.
Good strategy. . .
  • #125,127
  • Oct 22, 2008 10:35pm Oct 22, 2008 10:35pm
Quoting malcolmb14
. Professionals selling into strength and buying into weakness is the basics of how the market works
Of course it helps if you have a bottomless account and/or can get a few billion from the government whenever you like
  • #125,128
  • Oct 22, 2008 10:36pm Oct 22, 2008 10:36pm
we are making nice U-turn
  • #125,129
  • Oct 22, 2008 10:42pm Oct 22, 2008 10:42pm
Quoting karmostaji
Maybe somebody wants to save this post, Orions said something similar yesterday and we tanked 1000 pips lol
Karmo, I stand corrected, it is 153.34 indeed.

Just crosschecked my daily reversal method, I was wrong about a possible reversal.
  • #125,130
  • Oct 22, 2008 10:42pm Oct 22, 2008 10:42pm
Quoting forexlion
Karmo, I stand corrected, it is 153.34 indeed.

Just crosschecked my daily reversal method, I was wrong about a possible reversal.
Trade what you see, not what you think.
  • #125,131
  • Oct 22, 2008 10:43pm Oct 22, 2008 10:43pm
Quoting 5ysfx
we are making nice U-turn
made a new low
  • #125,132
  • Oct 22, 2008 10:44pm Oct 22, 2008 10:44pm
Quoting karmostaji
A 1h candle close above 1h gann and the retracement should start.

What do you said karmo the price is not close above th 1hr they will be continued down
  • #125,133
  • Oct 22, 2008 10:45pm Oct 22, 2008 10:45pm
Quoting amed12
What do you said karmo the price is not close above th 1hr they will be continued down
Ofcourse down until we get a 1h candle close above gann

I'm fully bearish until the above happens, I don't pick bottoms, I ride the trend
Trade what you see, not what you think.
  • #125,134
  • Oct 22, 2008 10:48pm Oct 22, 2008 10:48pm
Quoting pkimnyc
made a new low


my bottom of "U" is at ~15650
patience with longs if any
  • #125,135
  • Oct 22, 2008 10:50pm Oct 22, 2008 10:50pm
Quoting 5ysfx
my bottom of \"U\" is at ~15650
patience with longs if any
  • #125,136
  • Oct 22, 2008 10:52pm Oct 22, 2008 10:52pm
priceless.
  • #125,137
  • Oct 22, 2008 10:52pm Oct 22, 2008 10:52pm
have just shorted the pair targeting 156.70 for now
I always knew that someday I would make it big
  • #125,138
  • Oct 22, 2008 10:59pm Oct 22, 2008 10:59pm
Quoting pkimnyc
priceless.


Looks like bear to me =
  • #125,139
  • Oct 22, 2008 10:59pm Oct 22, 2008 10:59pm
hope we don't see the moves like yesterday. need to get some sleep tonight. lol
  • #125,140
  • Oct 22, 2008 11:00pm Oct 22, 2008 11:00pm
Quoting quecee5


Looks like bear to me =
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