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

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

#136,141
Nov 13, 2008 2:50pm Nov 13, 2008 2:50pm

pipsbull
Joined Sep 2008 | Status: happy | 735 Posts

Great short, but do the intervene think so?

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#136,142
Nov 13, 2008 2:51pm Nov 13, 2008 2:51pm

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

Price must return from whence it came.

Patience + Humility + Study = Success

#136,143
Nov 13, 2008 2:53pm Nov 13, 2008 2:53pm

arezab
Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts

Quoting arezab

Disliked

Price is touching the broken LTL of bull flag. Let's wait and see how it reacts to it. It should hold the price and push it back down.

Ignored

145.15 should hold.

Discipline + Patience - Fear - Greed = Success

#136,144
Nov 13, 2008 2:53pm Nov 13, 2008 2:53pm

plrbear
| Joined Oct 2008 | Status: Trader | 221 Posts

well obviously we aren't heading back down right away

#136,145
Nov 13, 2008 2:53pm Nov 13, 2008 2:53pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts

Quoting igmak

Disliked

GJ may bounce off 1hr 50ema

Ignored

Sir, I'm not a pro..but try 4h 20ema. it might turn bearish from 146.50/90 area.

Fools Rushing

#136,146
Nov 13, 2008 2:55pm Nov 13, 2008 2:55pm

plrbear
| Joined Oct 2008 | Status: Trader | 221 Posts

we've retraced all the way back up to the 23.6% from last months low

#136,147
Nov 13, 2008 2:56pm Nov 13, 2008 2:56pm

plrbear
| Joined Oct 2008 | Status: Trader | 221 Posts

chart

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#136,148
Nov 13, 2008 2:56pm Nov 13, 2008 2:56pm

forexer
Joined Jan 2006 | Status: FX TRADER | 861 Posts

Quoting pkimnyc

Disliked

took out 2 of my entries. closing all lower ones. just leaving the higher ones.

Ignored

this crazy beast is shifting the bearish direction now ,

i see strong MACD DIVERGENCES ON M30 AND 1H CHARTS

I always knew that someday I would make it big

#136,149
Nov 13, 2008 2:56pm Nov 13, 2008 2:56pm

alearner
| Joined Jan 2008 | Status: Trader | 328 Posts

whats the opposite of catching a falling knife?

#136,150
Nov 13, 2008 2:56pm Nov 13, 2008 2:56pm

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts

i'm out and not touching anything

taking my profits and running

Trade what you see, not what you think.

#136,151
Nov 13, 2008 2:57pm Nov 13, 2008 2:57pm

Geppy
Joined Sep 2007 | Status: Trader | 6,871 Posts

Correct me if I'm wrong any TA experts, but I believe that if a pattern is broken (such as our previous bull flag) and then the price comes and breaks back into the pattern it is a new, extremely strong trend.

In this case the new strong trend would be bullish as we are now going to be closing the hour BACK into the previous bull flag. Quite interesting and exciting!

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