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

  • #131,941
  • Nov 5, 2008 4:05am Nov 5, 2008 4:05am
Quoting quecee5
I see the stoch on your charts heading south and I also see 5 waves starting at 165.XX on your chart. Price appears to be in the 5th wave down. I also see lower lows every step of the way on you chart last being at 153.50 area. . .

I also see lower highs 165.XX, 163.XX and the last one being today's run-up at 161.70 area. When the run-up occurs I see 159.50/158.50 as resistance as it was support on the way up. . ....
all due respect mate but i would better follow my system blindly he knows better than mine.
  • #131,942
  • Nov 5, 2008 4:05am Nov 5, 2008 4:05am
Quoting 5ysfx
no momentum = false breakout IMHO
5,

btw. havenīt closed my aud/jpy short yesterday, they are still alive.
Would have been the top
  • #131,943
  • Nov 5, 2008 4:10am Nov 5, 2008 4:10am
Quoting 5ysfx
all due respect mate but i would better follow my system blindly he knows better than mine.
Which is what you are suppose to do, just offering a different opinion (which is merely what it is) and a second set of eyes. My intentions what not to persuade you to change you trading strategy but to give you a different perspective or another way of looking at the glass half full or half empty. . .

This is a discussion forum isn't it. . .

regards
  • #131,944
  • Nov 5, 2008 4:12am Nov 5, 2008 4:12am
i'm not sure if things are going to be that easy... i'm smelling a false breakout.

but so far, chart are pointing down.
  • #131,945
  • Nov 5, 2008 4:16am Nov 5, 2008 4:16am
Quoting lilmoe
i'm not sure if things are going to be that easy... i'm smelling a false breakout.

but so far, chart are pointing down.
frekkin hope so, my longs are bleeding and I want to short the top
Money & Pain Respect the market, protect your capital, be patient
  • #131,946
  • Nov 5, 2008 4:17am Nov 5, 2008 4:17am
Quoting lilmoe
i'm not sure if things are going to be that easy... i'm smelling a false breakout.

but so far, chart are pointing down.
The London fixing should give clues if the break was false or not. . . which should be coming up @ 5 a.m. and 6 a.m. If we see selling then NY/London session will be mixed to bearish which implies that there is a demand for price at lower. . . If we see buying then we could see a slight retrace to challenge the DP now at 158.19. . .

....................................................................................................
Fix - One of the approximately 5 times during the FX day when a large amount of currency must be bought or sold to fill a commercial customers' orders. Typically these times are associated with market volatility. The regular fixes are (all times NY)

  1. 5:00 AM - Frankfurt
  2. 6:00 AM - London
  3. 10:00 AM - WMHCO (World Market House Company)
  4. 11:00 AM - WMHCO (World Market House Company)- more important
  5. 8:20 AM - IMM
  6. 8:15 AM - ECB

  • #131,947
  • Nov 5, 2008 4:21am Nov 5, 2008 4:21am
From the low on 24Oct. my MACD line has currently hit support level. It is essentially triangulating from a high on 28Oct (1hr chart). I am watching for a break of this. There is a similar triangle on the 4hr MACD and it appears to me that the lines are descending from the upper TL.
  • #131,948
  • Nov 5, 2008 4:21am Nov 5, 2008 4:21am
took a long @55.52 while the 5 15m work it out
"Millionaires don't use astrology, billionaires do"
  • #131,949
  • Nov 5, 2008 4:21am Nov 5, 2008 4:21am
Price is at the lower TL of the 1h flag

I'm just observing until I see a setup I like and some kind of confirmation.

There is no need to lose money just like that
Trade what you see, not what you think.
  • #131,950
  • Nov 5, 2008 4:22am Nov 5, 2008 4:22am
Quoting quecee5
Which is what you are suppose to do, just offering a different opinion (which is merely what it is) and a second set of eyes. My intentions what not to persuade you to change you trading strategy but to give you a different perspective or another way of looking at the glass half full or half empty. . .

This is a discussion forum isn't it. . .

regards
yeah ofc

I keep in mind "alternative solution" for today

Thanks anyway for insight
  • #131,951
  • Nov 5, 2008 4:22am Nov 5, 2008 4:22am
Quoting quecee5
The London fixing should give clues if the break was false or not. . . which should be coming up @ 5 a.m. and 6 a.m. If we see selling then NY/London session will be mixed to bearish which implies that there is a demand for price at lower. . . If we see buying then we could see a slight retrace to challenge the DP now at 158.19. . .

....................................................................................................
Fix - One of the approximately 5 times during the FX day when a large amount of currency must be bought or sold to fill a commercial customers' orders. Typically these times are associated with market volatility. The regular fixes are (all times NY)[list][*][b]5:00...
i guess the only way to find out is to wait and see. 1h 5sma retracment is due.

edit: we are also bouncing for a 78.6 fibo of the last move up from 153
  • #131,952
  • Nov 5, 2008 4:25am Nov 5, 2008 4:25am
Quoting OrionsWay
took a long @55.52 while the 5 15m work it out
Long looks good to 157/157.49 then I see 154/154.50 being hit thereafter. . .
No sure right now until we get the fixing. . .
  • #131,953
  • Nov 5, 2008 4:26am Nov 5, 2008 4:26am
Quoting OrionsWay
took a long @55.52 while the 5 15m work it out

isnt that nice
"Millionaires don't use astrology, billionaires do"
  • #131,954
  • Nov 5, 2008 4:26am Nov 5, 2008 4:26am
Quoting peaches
5,

btw. havenīt closed my aud/jpy short yesterday, they are still alive.
Would have been the top
u are lucky bastard
put SL next time
  • #131,955
  • Nov 5, 2008 4:26am Nov 5, 2008 4:26am
If price reaches 154.4 or the LTL of the 4h TL, I'll try a long.. otherwise I'll wait for 30m/1h QQE to turn bullish.
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #131,956
  • Nov 5, 2008 4:29am Nov 5, 2008 4:29am
chart showing triangulating 1hr MACD
Attached Image (click to enlarge)
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  • #131,957
  • Nov 5, 2008 4:30am Nov 5, 2008 4:30am
GJ is challenging a broken TL again on 1h.. CCI still not below the -100 line. bullish divergence on 5m playing out... should've went long again at 155.30 but hesitated. it's quecee's fault

if 1h closes above that TL again, bulls are back bigtime.

Attached Image (click to enlarge)
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  • #131,958
  • Nov 5, 2008 4:33am Nov 5, 2008 4:33am
Quoting lilmoe
GJ is challenging a broken TL again on 1h.. CCI still not below the -100 line. bullish divergence on 5m playing out... should've went long again at 155.30 but hesitated. it's quecee's fault

if 1h closes above that TL again, bulls are back bigtime.

Attachment
  • #131,959
  • Nov 5, 2008 4:34am Nov 5, 2008 4:34am
DJI is not down yet...

might bounce like a rubber ball.

Attached Image (click to enlarge)
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  • #131,960
  • Nov 5, 2008 4:36am Nov 5, 2008 4:36am
Quoting quecee5
looks like bulls are back

we might need a close above m15 gann though for confirmation
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