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

  • #126,241
  • Oct 24, 2008 8:24am Oct 24, 2008 8:24am
5m Double top. Will it drop from here?

Edit: IMO, 15m 50ema is very strong resistance
Do not follow my trades. Trade what you see on your own charts.
  • #126,242
  • Oct 24, 2008 8:29am Oct 24, 2008 8:29am
Quoting igmak
5m Double top. Will it drop from here?
Not sure, but i think it is not a valid double top, price up too high from previous top...
I believe it will drop, but for now it might have very small retracement...
Trade wat you see on chart...
Lost...
  • #126,243
  • Oct 24, 2008 8:32am Oct 24, 2008 8:32am
Quoting gillybabe
Thanks. Are we talking tonight?
Oh yea!!! Imagine how crazy the trading will be tonight!

  • #126,244
  • Oct 24, 2008 8:32am Oct 24, 2008 8:32am
Quoting worlhin
Not sure, but i think it is not a valid double top, price up too high from previous top...
I believe it will drop, but for now it might have very small retracement...
Trade wat you see on chart...

It is only 5 pips difference between 2 tops and it droping now. Let's see how low can it go?

If it will break lower TL of bull flag then GJ may go way lower
Do not follow my trades. Trade what you see on your own charts.
  • #126,245
  • Oct 24, 2008 8:33am Oct 24, 2008 8:33am
Actually Big Coupe if you check out last Friday, it went down a lot! Malcolm said the same thing
  • #126,246
  • Oct 24, 2008 8:34am Oct 24, 2008 8:34am
Quoting worlhin
Not sure, but i think it is not a valid double top, price up too high from previous top...
I believe it will drop, but for now it might have very small retracement...
Trade wat you see on chart...
Sorry igmak, thought you are referring to top that form abt half hour ago...
ya, a double top, 1st top was form abt 1.5 hour ago...
Lost...
  • #126,247
  • Oct 24, 2008 8:38am Oct 24, 2008 8:38am
IMO, profit taking on the shorts before the weekend, the price may go higher.
Do not follow my trades. Trade what you see on your own charts.
  • #126,248
  • Oct 24, 2008 8:41am Oct 24, 2008 8:41am
Quoting worlhin
Sorry igmak, thought you are referring to top that form abt half hour ago...
ya, a double top, 1st top was form abt 1.5 hour ago...
darn GJ literally taught me to trade 1 min breakouts !!!
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 11 KB
  • #126,249
  • Oct 24, 2008 8:42am Oct 24, 2008 8:42am
Quoting forexlion
darn GJ literally taught me to trade 1 min breakouts !!!
How you know i trade using 1min chart?
Sleepy now... just give me 149 and i will close all my position...
Dun like to leave position open while sleeping, cant sleep well...
Lost...
  • #126,250
  • Oct 24, 2008 8:44am Oct 24, 2008 8:44am
Quoting forexlion
darn GJ literally taught me to trade 1 min breakouts !!!
see. i'm not crazy for trading 1m.

but i'm dumb for not going long.... i have to remove this bias i have... 150, here we come!


this is crazy 2100 pips down, and now 1100 up.... what a day!
  • #126,251
  • Oct 24, 2008 8:46am Oct 24, 2008 8:46am
Quoting lilmoe
see. i'm not crazy for trading 1m.

but i'm dumb for not going long.... i have to remove this bias i have...
now you know where i am going and why
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 12 KB
  • #126,252
  • Oct 24, 2008 8:47am Oct 24, 2008 8:47am
Quoting worlhin
How you know i trade using 1min chart?
Sleepy now... just give me 149 and i will close all my position...
Dun like to leave position open while sleeping, cant sleep well...
All position closed at 149, shld have wait 1 minute to reach 149.4...
just 1 minute impatient, loss 40pips...
Anyway, had a very good day trading...
Going to sleep now... Have a good weekend...
Good night...
Lost...
  • #126,253
  • Oct 24, 2008 8:48am Oct 24, 2008 8:48am
Quoting lilmoe
see. i'm not crazy for trading 1m.

but i'm dumb for not going long.... i have to remove this bias i have... 150, here we come!


this is crazy 2100 pips down, and now 1100 up.... what a day!
BRO you need a rest.. LOL

EY is on FE 1.61
UY on S3 pivot
GY near S3
EU on FE 1.61

Now we can talk maybe retrace down but (maybe)
  • #126,254
  • Oct 24, 2008 8:49am Oct 24, 2008 8:49am
damn, that guy who had a margin call for that long he had at 149 sure is pissed right now.... price went back to where he longed...

stop loss
stop loss
stop loss
stop loss

noobs:

i want each and everyone of u guys to write that 500 times on your notebooks.
  • #126,255
  • Oct 24, 2008 8:49am Oct 24, 2008 8:49am
Quoting lilmoe
see. i'm not crazy for trading 1m.

but i'm dumb for not going long.... i have to remove this bias i have... 150, here we come!


this is crazy 2100 pips down, and now 1100 up.... what a day!
I think some financial god father taught us 1 sentence, "I have no bias"
Lost...
  • #126,256
  • Oct 24, 2008 8:49am Oct 24, 2008 8:49am
Quoting lilmoe
see. i'm not crazy for trading 1m.

but i'm dumb for not going long.... i have to remove this bias i have... 150, here we come!


this is crazy 2100 pips down, and now 1100 up.... what a day!
the next week's weekly fib will be darn crazy, unless the markets don't get into a crazy flat condition
  • #126,257
  • Oct 24, 2008 8:52am Oct 24, 2008 8:52am
Quoting lilmoe
damn, that guy who had a margin call for that long he had at 149 sure is pissed right now.... price went back to where he longed...

stop loss
stop loss
stop loss
stop loss

noobs:

i want each and everyone of u guys to write that 500 times on your notebooks.
Yeah, i remember him...
Hope he not swearing at me...
i think i will not be able to sleep well tonight...
I advised him to close position, yet i profitted thru this upwards move...
Lost...
  • #126,258
  • Oct 24, 2008 8:55am Oct 24, 2008 8:55am
Quoting forexlion
now you know where i am going and why
i'm also long at FE 127.2 (148.20) after a retest. target 150.
  • #126,259
  • Oct 24, 2008 8:59am Oct 24, 2008 8:59am
To think that i was shorting rallies earlier.. now i'm buying dips lol. Something weird about today..
  • #126,260
  • Oct 24, 2008 9:06am Oct 24, 2008 9:06am
time to go, later folks...
I recommend you read something else as this sentence is now concluded.
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