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

  • #135,521
  • Nov 12, 2008 10:19pm Nov 12, 2008 10:19pm
new resistance setting up i think.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #135,522
  • Nov 12, 2008 10:24pm Nov 12, 2008 10:24pm
As soon as B is finished working itself out I think C takes us to 145.80 where we find the bears again.
What's that smell?
  • #135,523
  • Nov 12, 2008 10:33pm Nov 12, 2008 10:33pm
Hello, traders!
Looking at the PA, I see price retraceted to 50ema on 15min and formed on it 2 dojis! Was a good sign of the reversal
However, the price did not retraced to any of my fibs, as the bulls ran out of power. Also, Karmo woke up with his sword.
  • #135,524
  • Nov 12, 2008 10:36pm Nov 12, 2008 10:36pm
Quoting jon clogger
As soon as B is finished working itself out I think C takes us to 145.80 where we find the bears again.
alternate count. the probability of this being played out might be low, but i wouldn't rule out.
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  • #135,525
  • Nov 12, 2008 10:36pm Nov 12, 2008 10:36pm
so karmo what you say ?? up orrrrrrrrrrrrrrr
  • #135,526
  • Nov 12, 2008 10:37pm Nov 12, 2008 10:37pm
Quoting pkimnyc
for example.
yeppy~
  • #135,527
  • Nov 12, 2008 10:39pm Nov 12, 2008 10:39pm
Quoting freed123
so karmo what you say ?? up orrrrrrrrrrrrrrr
Open your chart, look at it and think for a couple of minutes then come back here and answer that question you just asked me.
Trade what you see, not what you think.
  • #135,528
  • Nov 12, 2008 10:40pm Nov 12, 2008 10:40pm
Quoting balajis
Hi bro karmo

Good morning. Do u think GU will also collapse? How much do u think it will retrace?

Thanks and regards
Balaji
Yep GU should fall hard too, looking at the monthly I see support around 1.4100
Trade what you see, not what you think.
  • #135,529
  • Nov 12, 2008 10:40pm Nov 12, 2008 10:40pm
Go down baby.... go down.....


patience pills please...
My edge ===> Patience
  • #135,530
  • Nov 12, 2008 10:41pm Nov 12, 2008 10:41pm
Quoting harora
lol... thats so right.... a big 75 drop ....

(KARMO : did you jus sold couple of millions..... LOL)
every time I see ur nick, I start laughing coz it reminds me of Harry Potter
Trade what you see, not what you think.
  • #135,531
  • Nov 12, 2008 10:42pm Nov 12, 2008 10:42pm
Quoting karmostaji
every time I see ur nick, I start laughing coz it reminds me of Harry Potter


http://www.enjoyfrance.com/images/st...rry-potter.jpg
  • #135,532
  • Nov 12, 2008 10:45pm Nov 12, 2008 10:45pm
once 141 breaks convincingly, the tanking should resume IMO
Trade what you see, not what you think.
  • #135,533
  • Nov 12, 2008 10:52pm Nov 12, 2008 10:52pm
Quoting pkimnyc
alternate count. the probability of this being played out might be low, but i wouldn't rule out.
And that my friend is why you have 3 vouchers. Didn't consider that alternative. I just set 3 tapered longs at 142.50, 142, 141.50 and SL below 141 for tonight.

Hope I don't get kicked in the nuts
What's that smell?
  • #135,534
  • Nov 12, 2008 10:57pm Nov 12, 2008 10:57pm
Quoting jon clogger
And that my friend is why you have 3 vouchers. Didn't consider that alternative. I just set 3 tapered longs at 142.50, 142, 141.50 and SL below 141 for tonight.

Hope I don't get kicked in the nuts
ha,ha,ha.. that was good. i actually hope you do good for now that will set me up for a short. your very brave with 3 positions i must say though. is this a contrarian indicator?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #135,535
  • Nov 12, 2008 11:01pm Nov 12, 2008 11:01pm
Quoting jon clogger
And that my friend is why you have 3 vouchers. Didn't consider that alternative. I just set 3 tapered longs at 142.50, 142, 141.50 and SL below 141 for tonight.

Hope I don't get kicked in the nuts
wow, didn't even know people vouched me. thanks guys: my teachers.
will work harder and study harder from now on.

as for you my friend, the best bet might be sell all rallies we might have, and forget longs for now unless scalping few pips. it's just a thought.
  • #135,536
  • Nov 12, 2008 11:04pm Nov 12, 2008 11:04pm
Quoting england33
ha,ha,ha.. that was good. i actually hope you do good for now that will set me up for a short. your very brave with 3 positions i must say though. is this a contrarian indicator?
Thanks, I just hope that if I get stopped, it will be during Europe and not Asia.

Getting stopped in Asia is like being killed with friendly fire- totally unnecessary. Europe is a worthy enemy, and one can die with dignity.
What's that smell?
  • #135,537
  • Nov 12, 2008 11:04pm Nov 12, 2008 11:04pm
Quoting pkimnyc
wow, didn't even know people vouched me. thanks guys: my teachers.
will work harder and study harder from now on.

as for you my friend, the best bet might be sell all rallies we might have, and forget longs for now unless scalping few pips. it's just a thought.
good advice. 4hr is definitely still downtrend in my opinion but the short term volatility makes it look like it's reversing.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #135,538
  • Nov 12, 2008 11:04pm Nov 12, 2008 11:04pm
Quoting karmostaji
once 141 breaks convincingly, the tanking should resume IMO
The news will certainly comply based on Paulson today and also have to see the results of the G-20.
That 139 on Oct. 24 may be a barrier also.
Can't see a long anywhere except possible retraces before another wave down - down - down.
History is written by the victors.
  • #135,539
  • Nov 12, 2008 11:06pm Nov 12, 2008 11:06pm
Quoting jon clogger
Thanks, I just hope that if I get stopped, it will be during Europe and not Asia.

Getting stopped in Asia is like being killed with friendly fire- totally unnecessary. Europe is a worthy enemy, and one can die with dignity.
this is a bad hr in my opinion to pick a direction. unless your really in good on a longer pattern. i'm not trying to change your pick don't get me wrong. i'm just waiting for my chance myself.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #135,540
  • Nov 12, 2008 11:07pm Nov 12, 2008 11:07pm
This baby is gonna see below 139 in due time, I'm short right now and will be ignoring these little 300 pip bounces until there is a definite trend reversal...

Give me 130!

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