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

  • #134,201
  • Nov 10, 2008 10:18pm Nov 10, 2008 10:18pm
Quoting forter
...so wat's your 2nd, 3rd TPs?
dunno yet

im waiting for bears move then i will see maybe 159
  • #134,202
  • Nov 10, 2008 10:20pm Nov 10, 2008 10:20pm
Quoting Cdawg
Karmo did im pretty sure.. he mut still be dreaming of killing bulls with his sword
Karmo is a long term player, and he will not be bothered with the moves.
  • #134,203
  • Nov 10, 2008 10:23pm Nov 10, 2008 10:23pm
Quoting steelhead
maybe stop guessing and read the charts.


Agree
  • #134,204
  • Nov 10, 2008 10:26pm Nov 10, 2008 10:26pm
any short oppurtunity here at 154 ???
  • #134,205
  • Nov 10, 2008 10:26pm Nov 10, 2008 10:26pm
guys and girls I mentioned 154 earlier as being a retracement of todays down move. Asia always retraces the US move .... 99% of the time. This move was to be expected.

159 .... I doubt that ... but you never know in this crazy market ....

looks for topping pattern around the 154. 154.5 for a possible short zone
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  • #134,206
  • Nov 10, 2008 10:29pm Nov 10, 2008 10:29pm
Quoting malcolmb14
guys and girls I mentioned 154 earlier as being a retracement of todays down move. Asia always retraces the US move .... 99% of the time. This move was to be expected.

159 .... I doubt that ... but you never know in this crazy market ....

looks for topping pattern around the 154. 154.5 for a possible short zone
Thanks for typing that for me
check out my blog: forexmademillionaire dot com
  • #134,207
  • Nov 10, 2008 10:33pm Nov 10, 2008 10:33pm
Quoting malcolmb14
guys and girls I mentioned 154 earlier as being a retracement of todays down move. Asia always retraces the US move .... 99% of the time. This move was to be expected.

159 .... I doubt that ... but you never know in this crazy market ....

looks for topping pattern around the 154. 154.5 for a possible short zone
well never say never
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  • #134,208
  • Nov 10, 2008 10:44pm Nov 10, 2008 10:44pm
Quoting malcolmb14
guys and girls I mentioned 154 earlier as being a retracement of todays down move. Asia always retraces the US move .... 99% of the time. This move was to be expected.

159 .... I doubt that ... but you never know in this crazy market ....

looks for topping pattern around the 154. 154.5 for a possible short zone
malcolmb that is very interesting and something I had not noticed per se. Does it usually retrace most of the move? Or just a percentage? Like now it looks like at 154-154.50 that would be a 50% retracement, if I am reading it right??
  • #134,209
  • Nov 10, 2008 10:50pm Nov 10, 2008 10:50pm
do we have a lil' mini double top here?
  • #134,210
  • Nov 10, 2008 10:55pm Nov 10, 2008 10:55pm
Quoting 5ysfx
well never say never
watch after the hammer is forming on H1, just be careful with your longs...i shorted a small trade when it double topped at 154.25
  • #134,211
  • Nov 10, 2008 10:57pm Nov 10, 2008 10:57pm
Quoting TraderStar
malcolmb that is very interesting and something I had not noticed per se. Does it usually retrace most of the move? Or just a percentage? Like now it looks like at 154-154.50 that would be a 50% retracement, if I am reading it right??
actually it is 38.2% of the down movw from 157.44 to 152.05
  • #134,212
  • Nov 10, 2008 10:59pm Nov 10, 2008 10:59pm
Quoting harora
watch after the hammer is forming on H1, just be careful with your longs...i shorted a small trade when it double topped at 154.25
yep shorted too on double top and alrready closed

i am waiting for 423.6% to close some longs
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  • #134,213
  • Nov 10, 2008 11:03pm Nov 10, 2008 11:03pm
Quoting harora
actually it is 38.2% of the down movw from 157.44 to 152.05
Right .. and checking back last week, it seems the retracement is usually around that 38% level. It did seem to occur most days, although not all.
Still, a useful piece of information to put on file
  • #134,214
  • Nov 10, 2008 11:04pm Nov 10, 2008 11:04pm
Quoting 5ysfx
yep shorted too on double top and alrready closed
Great !! nice ... Closed .. arent you expecting another touch down.. even stochs are up, I think price touching 50 ema and coming back under it again from fibo level might push it a little lower for a longer scalp than at present ...
  • #134,215
  • Nov 10, 2008 11:06pm Nov 10, 2008 11:06pm
Quoting harora
Great !! nice ... Closed .. arent you expecting another touch down.. even stochs are up, I think price touching 50 ema and coming back under it again from fibo level might push it a little lower for a longer scalp than at present ...
ofcourse i wanna see it lower than 153.52 support before heading down
  • #134,216
  • Nov 10, 2008 11:23pm Nov 10, 2008 11:23pm
Good morning/afternoon/evening
Trade what you see, not what you think.
  • #134,217
  • Nov 10, 2008 11:25pm Nov 10, 2008 11:25pm
Quoting forexlion
Karmo is a long term player, and he will not be bothered with the moves.
I'm glad someone understands
Trade what you see, not what you think.
  • #134,218
  • Nov 10, 2008 11:27pm Nov 10, 2008 11:27pm
Quoting harora
ofcourse i wanna see it lower than 153.52 support before heading down
15350 is bunch of emas(14,34,50) and fibo support
lets see if holds
  • #134,219
  • Nov 10, 2008 11:30pm Nov 10, 2008 11:30pm
Quoting karmostaji
Good morning/afternoon/evening
Hey Karmo... good evening...
  • #134,220
  • Nov 10, 2008 11:37pm Nov 10, 2008 11:37pm
It is at hourly 5 sma. If the uptrend continues, we should see a nice bounce from here. Otherwise is bearish to the core
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