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

  • #132,121
  • Nov 5, 2008 10:00am Nov 5, 2008 10:00am
Anyone notice the reverse head and shoulders on EU with neckline at 1.3100 ?

The price just bounced down from there first time. i am keeping close eye on it for break upside. given the fact that nonfarm rolls on friday looks disastrous,market might break the neckline.

Since GU can follow EU,GU has got more legs and it might prop GJ up further.
  • #132,122
  • Nov 5, 2008 10:01am Nov 5, 2008 10:01am
4h QQE on IBFX crossed upwards

VT's 4h chart updates in 1 hour, if that crosses up too then most likely the 4h bull-flag will break to the upside.
Trade what you see, not what you think.
  • #132,123
  • Nov 5, 2008 10:02am Nov 5, 2008 10:02am
I think don't try to short is hourly MACD crosses up .. this thing is bullish at the moment. Could shoot up another 600-700 pips .. lol .. maybe.
  • #132,124
  • Nov 5, 2008 10:03am Nov 5, 2008 10:03am
Quoting mktjong
I think don't try to short is hourly MACD crosses up .. this thing is bullish at the moment. Could shoot up another 600-700 pips .. lol .. maybe.
that's like the old 60-70 pips
Trade what you see, not what you think.
  • #132,125
  • Nov 5, 2008 10:04am Nov 5, 2008 10:04am
Quoting karmostaji
4h QQE on IBFX crossed upwards

VT's 4h chart updates in 1 hour, if that crosses up too then most likely the 4h bull-flag will break to the upside.
This is a 1Hr/4Hr Aus setup now isn't it?
  • #132,126
  • Nov 5, 2008 10:04am Nov 5, 2008 10:04am
Quoting MykeFX
This is a 1Hr/4Hr Aus setup now isn't it?
on IBFX yes it is
Trade what you see, not what you think.
  • #132,127
  • Nov 5, 2008 10:05am Nov 5, 2008 10:05am
Quoting karmostaji
loool punch a hole in ur screen
tried another shot at .69...
  • #132,128
  • Nov 5, 2008 10:06am Nov 5, 2008 10:06am
well this has ruined both my 4h macd and rsi by breaking the descending TL. Not that I mind as I'll trade it up while keeping my local currency strong, but it's not easy to reverse one's expectations immediately
  • #132,129
  • Nov 5, 2008 10:06am Nov 5, 2008 10:06am
Quoting lilmoe
tried another shot at .69...
price not even below 1m 50ema, u better be quick taking profits
Trade what you see, not what you think.
  • #132,130
  • Nov 5, 2008 10:08am Nov 5, 2008 10:08am
Quoting karmostaji
4h QQE on IBFX crossed upwards

VT's 4h chart updates in 1 hour, if that crosses up too then most likely the 4h bull-flag will break to the upside.
party on.
  • #132,131
  • Nov 5, 2008 10:10am Nov 5, 2008 10:10am
GY not moving up past 160.80...

Have some longs cookin' from 160.32

waiting for it to go long!
  • #132,132
  • Nov 5, 2008 10:12am Nov 5, 2008 10:12am
Quoting mktjong
I think don't try to short is hourly MACD crosses up .. this thing is bullish at the moment. Could shoot up another 600-700 pips .. lol .. maybe.
u need look at the weekly chart this thing must retrace before any other such(600-700 pip)move
  • #132,133
  • Nov 5, 2008 10:13am Nov 5, 2008 10:13am
take another short at 160.5 hope this work out
  • #132,134
  • Nov 5, 2008 10:14am Nov 5, 2008 10:14am
Quoting karmostaji
price not even below 1m 50ema, u better be quick taking profits
i got out for 5 pips, lol...

besides, i dont wait for it to close below 50ema, i usually target 50ema as a place to take partial profit, depends on the setup.
  • #132,135
  • Nov 5, 2008 10:18am Nov 5, 2008 10:18am
Quoting xoiper
take another short at 160.5 hope this work out
this thing is reversing i know but i ll tp this position at 160.2 i dont want risk here as it can shoot up
  • #132,136
  • Nov 5, 2008 10:21am Nov 5, 2008 10:21am
Quoting lilmoe
i got out for 5 pips, lol...

besides, i dont wait for it to close below 50ema, i usually target 50ema as a place to take partial profit, depends on the setup.

Thanks for all of the posts! What tf are you using for your 50ema?
Just when you think you've figured it all out, the picture changes....
  • #132,137
  • Nov 5, 2008 10:21am Nov 5, 2008 10:21am
That upper trendline / Flag is tough to break! I will wait on the Aus 1Hr/4hr entry til it breaks to the upside....
  • #132,138
  • Nov 5, 2008 10:23am Nov 5, 2008 10:23am
Quoting lilmoe
i got out for 5 pips, lol...

besides, i dont wait for it to close below 50ema, i usually target 50ema as a place to take partial profit, depends on the setup.
Darn it - got greedy so hit my stop for -10....now I hate buying breakouts, but its looking that way......or maybe I'll have an early sundowner instead and keep my pips safe....decisions, decisions.....
Trading Levels with WRBs
  • #132,139
  • Nov 5, 2008 10:26am Nov 5, 2008 10:26am
Quoting xoiper
this thing is reversing i know but i ll tp this position at 160.2 i dont want risk here as it can shoot up
closed at 160.26 and reopen on retrace maybe 160.50 again
  • #132,140
  • Nov 5, 2008 10:27am Nov 5, 2008 10:27am
Quoting RobUSAFLA
Thanks for all of the posts! What tf are you using for your 50ema?
u're welcome

i use it on all TFs

i use 5m and 1m for scalping
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