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

  • #133,461
  • Nov 7, 2008 10:53am Nov 7, 2008 10:53am
Quoting PrisonPlanet
Am not sure what your looking at. but I see this going up!
its only a relief rally on DOW, and PPT (the PLUNGE PROTECTION TEAM) is making all efforts to not to let it tank, like a 100 pips bounce on bad housing data.. is totally opposit..

at present .. its bouncing both ways .. depending where the position is building from .. if you are adding to you position


for a new entry... a bounce of another 200 pips to the top line of 1hr channel is possible before taking a short position after NFP is out

if the above said PPT keeps this coming....
  • #133,462
  • Nov 7, 2008 10:55am Nov 7, 2008 10:55am
Quoting Islander
Right I wasnt going to make that mistake again - the 50% fibo of the last pull back was at 154.87 - so I set an alarm at 154.77 - saw the long 1 min green candle which had no follow through, so I sold at 154.75 - stop now BE +2 - let's see what happens....
thanks for the insight Islander, i took the same trade after reading to you previous short trade call
  • #133,463
  • Nov 7, 2008 10:57am Nov 7, 2008 10:57am
Quoting Geppy
Just couldn't resist, take 3 mini longs right now with a target of 154.60

This completely hedges out the 3 mini shorts I've been filled on so nothing really at risk here... I'm pretty sure we'll revisit that level though.
Well that was easy money while I ate breakfast and got a shower... I'm net short again now as I covered those 3 longs.
check out my blog: forexmademillionaire dot com
  • #133,464
  • Nov 7, 2008 10:59am Nov 7, 2008 10:59am
however, on 5min we are having a bull flag, and potential H&S formation in forming. To the UP side we have to close above gann 4H, but to the DOWN size, we have to PLAY H&S with breakout on that Bull FLAG.. around 153.50, and then retest the low, or DS1 [150.60]

http://www.doske.com/fx/snapshot-185.png
  • #133,465
  • Nov 7, 2008 10:59am Nov 7, 2008 10:59am
Quoting Piters
Retest the 4H TL, and rejection from Gann 4H.. close above, and we go UP.
you are right .... thats what i was looking at.. a close above 4H gann means we see 156-158 today...

on the other hand h4, 5 sma has provided a support and price may retest that level again at 154.68, and if thats taken out.... woo .. i m riding it all the way down to 150...

by the way i m to the down side as long as h4 gann holds....
  • #133,466
  • Nov 7, 2008 11:00am Nov 7, 2008 11:00am
stil in shorting mode unless this hour candle close above 154.80 and if that happen then they r kidding
  • #133,467
  • Nov 7, 2008 11:03am Nov 7, 2008 11:03am
waiting for breakout to downside..


http://www.doske.com/fx/snapshot-186.png
  • #133,468
  • Nov 7, 2008 11:09am Nov 7, 2008 11:09am
there r still some hope that we go in the down side and call that last move fake one
  • #133,469
  • Nov 7, 2008 11:10am Nov 7, 2008 11:10am
I just feel that it doesn't seems to look good at all, HSI (HK index) recovered 1000pts today when it sunk 1000 yesterday. It seems as though dj may do the same to recover some 400-500pts, then geppy may follow suit & reach 158-159?
  • #133,470
  • Nov 7, 2008 11:10am Nov 7, 2008 11:10am
Quoting Piters
waiting for breakout to downside..


http://www.doske.com/fx/snapshot-186.png
why are you expecting a breakout?
I have not failed. I've just found 10,000 ways that won't work -
  • #133,471
  • Nov 7, 2008 11:10am Nov 7, 2008 11:10am
Quoting xoiper
stil in shorting mode unless this hour candle close above 154.80 and if that happen then they r kidding

lol...!!! you are right... looking at fundies it shldnt go up from here , but you never know....

just added abother short below 155.00... for a retest of bottom TL/neckline of H&s on 5min or even more ....... SL above 76.8 of down move above 155.80
  • #133,472
  • Nov 7, 2008 11:13am Nov 7, 2008 11:13am
Quoting forter
I just feel that it doesn't seems to look good at all, HSI (HK index) recovered 1000pts today when it sunk 1000 yesterday. It seems as though dj may do the same to recover some 400-500pts, then geppy may follow suit & reach 158-159?
We could definitely see 158, but 159 is much more of a stretch. I actually hope we run up to 158 as I have shorts stacked every 25 pips up until 158.25 and would love to get filled on some more of them.
check out my blog: forexmademillionaire dot com
  • #133,473
  • Nov 7, 2008 11:16am Nov 7, 2008 11:16am
PPT can go home now

shampoo n play
  • #133,474
  • Nov 7, 2008 11:17am Nov 7, 2008 11:17am
Quoting Geppy
We could definitely see 158, but 159 is much more of a stretch. I actually hope we run up to 158 as I have shorts stacked every 25 pips up until 158.25 and would love to get filled on some more of them.
LOL.

Maybe next week will be the dumping week, i read on my local forum that people are buying puts waiting for the crash.
  • #133,475
  • Nov 7, 2008 11:18am Nov 7, 2008 11:18am
DJIA starting to wobble
Patience + Humility + Study = Success
  • #133,476
  • Nov 7, 2008 11:20am Nov 7, 2008 11:20am
Quoting PrisonPlanet
why are you expecting a breakout?

I am expecting, but not fighting against the market, As I said, to UP side we need to close 4H above the Gann [4H], but to DOWN side, we need to play the H&S and breakout..

There is a few reasons Why I believe that we are going to break to downside, starting from EW count on smaller TimeFrimes, candle pattern, Bull Flag [usually breakes to downside] /// ect...
  • #133,477
  • Edited 11:21am Nov 7, 2008 11:20am | Edited 11:21am
Quoting harora
thanks for the insight Islander, i took the same trade after reading to you previous short trade call

I'm pleased to hear that someone finds my scribblings useful http://www.forexfactory.com/images/icons/icon7.gif

I must confess that after that huge 1 min spike I've started to wonder if the PPT are buying cable....http://www.forexfactory.com/images/icons/icon11.gif

I hope they dont do it again - the failure to break the 55.00 level was an open invitation to short - so I did.....http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #133,478
  • Nov 7, 2008 11:22am Nov 7, 2008 11:22am
Quoting DutchTrader
DJIA starting to wobble
Yes, let's see if we can have a LL lower then 8780.
  • #133,479
  • Nov 7, 2008 11:23am Nov 7, 2008 11:23am
I am not confident about the Dow tanking. My 4h is showing higher lows from last night and so long as it's above 8600 has every chance of flying IMO. Should just say that I don't watch the S&P so those who do may have a different view of how the Dow is behaving.
  • #133,480
  • Nov 7, 2008 11:25am Nov 7, 2008 11:25am
I cannot believe it, I kept half a position long last night from 151.00 with a TP and reversal short at 155.88. Worked perfect, I'm on that little mountain top.

Wish I had leveraged more, but not complaining about the TA magic.

Good call Geppy
What's that smell?
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