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

  • #127,701
  • Oct 28, 2008 6:50pm Oct 28, 2008 6:50pm
Quoting malcolmb14
157.40 long .. that tl on rsi broke

he laughed .. he weeped ....he got 30 pip draw down ..... but now he is laughing once more .

I think 160 needs to be tested before a true reversal .... as i said earlier this will not be a simple top ..... the pros will just not allow it to be
Blogging daily now at www.volume.zone
  • #127,702
  • Oct 28, 2008 6:57pm Oct 28, 2008 6:57pm
Quoting malcolmb14
I was puzzled we did not test 160 .... that seems to be a more liekly number to reverse off than 159.5 ???

maybe this is flag forming and breakout to 160 is coming soon ....
Up we go. Had to close it @ 158.10
I have not failed. I've just found 10,000 ways that won't work -
  • #127,703
  • Oct 28, 2008 6:57pm Oct 28, 2008 6:57pm
This would not be a reversal as the overall trend has been down, the "upmove" was simply a retrace, and now the overall trend should come back into play...
  • #127,704
  • Oct 28, 2008 6:57pm Oct 28, 2008 6:57pm
Quoting malcolmb14
the BOC was supposed to drop 0.5 % ... only dropped .25% due to previous rate cut

the PPT were busy today driving up market so that when feds only cut by .5% it drops to where it started today and now lower ...


food for thought
I agree, I'm waiting to short this one big time tomorrow. I have a feeling they will limit to 50 bps cut as well.
  • #127,705
  • Oct 28, 2008 7:02pm Oct 28, 2008 7:02pm
I smell a sell.
  • #127,706
  • Oct 28, 2008 7:08pm Oct 28, 2008 7:08pm
Ok everyone...i am battling with my broker of this spike / blip on their system.

Can a few of you post a One Minute chart covering the time period between say 4-6PM EST

The time on the chart was 5:51 and 5:52 PM EST

Thanks
--post hoc ergo propter hoc--
  • #127,707
  • Oct 28, 2008 7:09pm Oct 28, 2008 7:09pm
Quoting Petefaders
I smell a sell.
I see dead bulls
Do not follow my trades. Trade what you see on your own charts.
  • #127,708
  • Oct 28, 2008 7:10pm Oct 28, 2008 7:10pm
be careful with longs.
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  • #127,709
  • Oct 28, 2008 7:11pm Oct 28, 2008 7:11pm
Quoting malcolmb14
he laughed .. he weeped ....he got 30 pip draw down ..... but now he is laughing once more .

I think 160 needs to be tested before a true reversal .... as i said earlier this
will not be a simple top ..... the pros will just not allow it to be

u DON.T think 159.5 is close enough. I hardly think 50 pips is just a blink in the radar
  • #127,710
  • Oct 28, 2008 7:13pm Oct 28, 2008 7:13pm
Quoting Petefaders
I smell a sell.
The nose knows. A nice 40 pip snack.
  • #127,711
  • Oct 28, 2008 7:15pm Oct 28, 2008 7:15pm
Quoting Petefaders
I smell a sell.

Keen smell there..lol
  • #127,712
  • Oct 28, 2008 7:16pm Oct 28, 2008 7:16pm
5m closed below 50ema
Do not follow my trades. Trade what you see on your own charts.
  • #127,713
  • Oct 28, 2008 7:16pm Oct 28, 2008 7:16pm
Quoting Petefaders
I smell a sell.
smells like chicken don't they? lol
  • #127,714
  • Edited 7:21pm Oct 28, 2008 7:18pm | Edited 7:21pm
Short from 158.02.

1st target is at the first fib ret at 155.15.

Second target if we should get that far is gonna be at the 50%FR at 152.35.
  • #127,715
  • Oct 28, 2008 7:20pm Oct 28, 2008 7:20pm
Quoting cheese
Short from 158.02.

1st target is at the first fib ret at 153.17.

Second target if we should get that far is gonna be at the 50%FR at 151.20.
not sure if the up move is done yet. C wave can be tricky. be careful.
  • #127,716
  • Oct 28, 2008 7:20pm Oct 28, 2008 7:20pm
Quoting pkimnyc
smells like chicken don't they? lol
lol, yeah. And buys smell like chocolate cake.
  • #127,717
  • Oct 28, 2008 7:20pm Oct 28, 2008 7:20pm
she's more sexy when she's down there
  • #127,718
  • Oct 28, 2008 7:22pm Oct 28, 2008 7:22pm
Quoting Petefaders
lol, yeah. And buys smell like chocolate cake.
lol
  • #127,719
  • Oct 28, 2008 7:22pm Oct 28, 2008 7:22pm
Quoting lilmoe
she's more sexy when she's down there
Agreed
Do not follow my trades. Trade what you see on your own charts.
  • #127,720
  • Oct 28, 2008 7:23pm Oct 28, 2008 7:23pm
Quoting lilmoe
she's more sexy when she's down there
hi moe
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