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

  • #128,161
  • Oct 29, 2008 8:49am Oct 29, 2008 8:49am
time to break higher?
  • #128,162
  • Oct 29, 2008 8:50am Oct 29, 2008 8:50am
Quoting moneybookers
time to break higher?
Triple top in 5m TF, let's see...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #128,163
  • Oct 29, 2008 8:53am Oct 29, 2008 8:53am
the beast is about to take off,and a long position is established already

just went long at 159.50 targetin 163.00

S/L :200 pips below the entry price

warning:DON'T follow me ,i'm aggressive speculator
I always knew that someday I would make it big
  • #128,164
  • Oct 29, 2008 8:55am Oct 29, 2008 8:55am
The chart doesn't lie, 163.8 should be on the way

Trade the chart and believe in it
Trade what you see, not what you think.
  • #128,165
  • Oct 29, 2008 8:57am Oct 29, 2008 8:57am
Quoting karmostaji
The chart doesn't lie, 163.8 should be on the way

Trade the chart and believe in it
well said bro
I always knew that someday I would make it big
  • #128,166
  • Oct 29, 2008 8:58am Oct 29, 2008 8:58am
Quoting karmostaji
The chart doesn't lie, 163.8 should be on the way

Trade the chart and believe in it
i dont see much follow through,AJ already break higher why Gj so slow?
  • #128,167
  • Oct 29, 2008 8:58am Oct 29, 2008 8:58am
LoL, Fake break i guess
  • #128,168
  • Oct 29, 2008 8:59am Oct 29, 2008 8:59am
Quoting JhonMonsalve
Triple top in 5m TF, let's see...
I think GJ now broke out your third top, right?
Two tops established but still inside triangle so it won't be applied this case, right?
  • #128,169
  • Oct 29, 2008 8:59am Oct 29, 2008 8:59am
Quoting karmostaji
The chart doesn't lie, 163.8 should be on the way

Trade the chart and believe in it
we can easily shutdown our PC/laptops/PDA whatever


possible TP spots


http://www.forexfactory.com/showpost...1&postcount=88
  • #128,170
  • Oct 29, 2008 9:00am Oct 29, 2008 9:00am
Quoting forexer
the beast is about to take off,and a long position is established already

just went long at 159.50 targetin 163.00

S/L :200 pips below the entry price

warning:DON'T follow me ,i'm aggressive speculator

momentum is intensifying increasingly ,so price action will be sharp pushing the beast up to 163.00 level soon
I always knew that someday I would make it big
  • #128,171
  • Oct 29, 2008 9:02am Oct 29, 2008 9:02am
Quoting moneybookers
i dont see much follow through,AJ already break higher why Gj so slow?
it is different currency pair and country
Do not follow my trades. Trade what you see on your own charts.
  • #128,172
  • Oct 29, 2008 9:03am Oct 29, 2008 9:03am
hi i read you thread n really loved how u analysed trading strategy for newbies like me.I am still demo trading but i really dont know how to read the chart or indicators to determine currency movements,though i use candle stick but i've read about traders talking about ma,macd,bollinger bands etc,i will very much appreciate if u can help me.
  • #128,173
  • Oct 29, 2008 9:04am Oct 29, 2008 9:04am
Quoting dyypo
hi i read you thread n really loved how u analysed trading strategy for newbies like me.I am still demo trading but i really dont know how to read the chart or indicators to determine currency movements,though i use candle stick but i've read about traders talking about ma,macd,bollinger bands etc,i will very much appreciate if u can help me.
!!!
go and get your schooling there baby.!!!!
its really nice to start and learn ... from basics...
  • #128,174
  • Oct 29, 2008 9:04am Oct 29, 2008 9:04am
Quoting Nauth
LoL, Fake break i guess
i think so
  • #128,175
  • Oct 29, 2008 9:07am Oct 29, 2008 9:07am
Quoting dyypo
hi i read you thread n really loved how u analysed trading strategy for newbies like me.I am still demo trading but i really dont know how to read the chart or indicators to determine currency movements,though i use candle stick but i've read about traders talking about ma,macd,bollinger bands etc,i will very much appreciate if u can help me.
try this.
http://www.babypips.com/

would like to strongly recommend you to practice on slower moving pairs first, before trading the beast.
good luck.
  • #128,176
  • Oct 29, 2008 9:08am Oct 29, 2008 9:08am
Quoting JhonMonsalve
Triple top in 5m TF, let's see...
price does seem to get pretty exhausted, but don't risk a short at the top right now, and if u did make sure ur stop is tight. this might be a classic trick. a safer short would be below 157... this will reach higher if 160 is broken.
  • #128,177
  • Oct 29, 2008 9:10am Oct 29, 2008 9:10am
When will FED announce new interest rates? And how will it affect our GJ trades?
  • #128,178
  • Oct 29, 2008 9:10am Oct 29, 2008 9:10am
Destination is north, follow the compass.. my TP is 164.08
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  • #128,179
  • Oct 29, 2008 9:10am Oct 29, 2008 9:10am
PA is going to be crazy for next 2 hrs
  • #128,180
  • Oct 29, 2008 9:11am Oct 29, 2008 9:11am
this thing seems to be heavily distributed at this top. much higher volume when approaching the top but not able to close above 159.15 yet. the last 2 60m bars where pretty bearish, specially the last. this thing is stuffed with short orders imho. heavy vol, tight range, low close.

take care. i am looking for some heavy drops in the yen crosses. also cable, and YM, which i think will pretty much drop off. same distribution pattern on most of the mentioned instruments.
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