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

  • #138,301
  • Nov 18, 2008 3:27pm Nov 18, 2008 3:27pm
Quoting lilmoe
YM's target is 8590/8600 (38.2 and 50ema). i think the session is closed now though. CCI predicted both upmoves and downmoves perfectly. helps BIGTIME in trading GJ

i believe YM's target is still 9000 and above.

GJ:
bearish HD on 15m and 5m, this should pull back later on, maybe during asia. i believe there will be another leg up in london/NY tomorrow.

Attachment

me to .... nov 25th then wham ... down she goes
Blogging daily now at www.volume.zone
  • #138,302
  • Nov 18, 2008 3:27pm Nov 18, 2008 3:27pm
Quoting malcolmb14
karmo ... where you gone ?

lol.....

closer to my 150 then your 139 right now ....lol
bears don't like milky bar kids.

he'll be back when we drop 50+ pips...
  • #138,303
  • Nov 18, 2008 3:29pm Nov 18, 2008 3:29pm
Quoting lilmoe
bears don't like milky bar kids.

he'll be back when we drop 50+ pips...

he had better like me .. he has to buy me kebab soon... and i am not eating on my own ...lol
Blogging daily now at www.volume.zone
  • #138,304
  • Nov 18, 2008 3:31pm Nov 18, 2008 3:31pm
A 61.8% retrace from today's move down so far.
  • #138,305
  • Nov 18, 2008 3:31pm Nov 18, 2008 3:31pm
You are right about decrease volume...

The weekly looks almost topped out and ready for a nice reversal...

As I said it looks bullish for now....



I am bearish overall..I am enjoying the rallies for more shorts..

I want to know what the feds are going to do about the auto bailout..

Who's next? Maybe the traders on this board who lost money on the fakeouts...




Quoting malcolmb14
are you very sure ?

really sure ?

lol

to bullish ... and look at macd and rsi bearish div on the treble top .... not so bullish ...
[
  • #138,306
  • Nov 18, 2008 3:34pm Nov 18, 2008 3:34pm
Quoting Pips_Cruiser
A 61.8% retrace from today's move down so far.
yep with a bearish HD on m15 and m5, shorted the open of this m5 candle at .30, with a 40 pip stop. 1st target 100 pips back to 144.30. will set the rest at b/e afterwards.

i still have 1 last long from 139 open, i will reload longs as soon as i get the chance, i missed the chance back at the lows.
  • #138,307
  • Nov 18, 2008 3:34pm Nov 18, 2008 3:34pm
Quoting rgitt05

Who's next? Maybe the traders on this board who lost money on the fakeouts...


Like this one
"Millionaires don't use astrology, billionaires do"
  • #138,308
  • Nov 18, 2008 3:35pm Nov 18, 2008 3:35pm
Quoting Pips_Cruiser
A 61.8% retrace from today's move down so far.
very strong. .
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #138,309
  • Nov 18, 2008 3:37pm Nov 18, 2008 3:37pm
Quoting gody6000
now.. add for long at 144.55 ..will be back move up to 149.00+
GBP STRONGER NOW...HAPY TRADE.........
  • #138,310
  • Nov 18, 2008 3:41pm Nov 18, 2008 3:41pm
Quoting lilmoe
yep with a bearish HD on m15 and m5, shorted the open of this m5 candle at .30, with a 40 pip stop. 1st target 100 pips back to 144.30. will set the rest at b/e afterwards.
i already set that to b/e bullish HD on m1 aint looking good...
  • #138,311
  • Nov 18, 2008 3:43pm Nov 18, 2008 3:43pm
Always remember to look at the big picture..


Based on my daily chart, I see a triangle formation...

As long as the candles stay within this frame , I am bearish...

It may pullback to the 150 area for another possible short...

You be the judge!!

Enjoy the pips...

Attached Image (click to enlarge)
Click to Enlarge Name: daily chart.gif Size: 23 KB
[
  • #138,312
  • Nov 18, 2008 3:43pm Nov 18, 2008 3:43pm
Quoting england33
143.20 max and then it will go back up.
thank you very much.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #138,313
  • Nov 18, 2008 3:46pm Nov 18, 2008 3:46pm
Quoting lilmoe
yep with a bearish HD on m15 and m5, shorted the open of this m5 candle at .30, with a 40 pip stop. 1st target 100 pips back to 144.30. will set the rest at b/e afterwards.

i still have 1 last long from 139 open, i will reload longs as soon as i get the chance, i missed the chance back at the lows.
Looks like your 144.30 target is the 61.8 retrace fib from this upshot. That seems logical. Let's see if it has enough legs . . .
  • #138,314
  • Nov 18, 2008 3:47pm Nov 18, 2008 3:47pm
Quoting lilmoe
i already set that to b/e bullish HD on m1 aint looking good...

the cup may form a handle ...

but i stay with the long for now

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #138,315
  • Nov 18, 2008 3:50pm Nov 18, 2008 3:50pm
Quoting malcolmb14
the cup may form a handle ...

but i stay with the long for now

Attachment
me too, but i like to make a few pips out of a scalp

it seems u dont like going both ways in scalping

divergence works better for me than volume... at least i have good skills with it. my stop will be hit if we hit 145.23 (7 pip spread here).

what would u do if u had a 7 pip spread?
  • #138,316
  • Nov 18, 2008 3:51pm Nov 18, 2008 3:51pm
Quoting england33
thank you very much.
  • #138,317
  • Nov 18, 2008 3:53pm Nov 18, 2008 3:53pm
Quoting lilmoe
me too, but i like to make a few pips out of a scalp

it seems u dont like going both ways in scalping

divergence works better for me than volume... at least i have good skills with it. my stop will be hit if we hit 145.23 (7 pip spread here).

what would u do if u had a 7 pip spread?
lol you know what's funny remember long ago when I use to point out divergences on 1m and 5m TF and you use to be like they're not reliable almost all of the time and now you're watching them hehe

btw get yourself and fxcm micro account for scalping thats what I have...2-3pip spreads most of the time problem is you can only deposit 5k but you can leave the extra funds in there as it grows
  • #138,318
  • Nov 18, 2008 3:53pm Nov 18, 2008 3:53pm
my new DP is at 144.89, it seems it's holding firm for now. a break below and i'll take partial profit at 5m 50ema (changed my mind)...


by the way malcomb, i see u DO use broker volume, does it work well for ya?
  • #138,319
  • Nov 18, 2008 3:54pm Nov 18, 2008 3:54pm
Quoting lilmoe
me too, but i like to make a few pips out of a scalp

it seems u dont like going both ways in scalping

divergence works better for me than volume... at least i have good skills with it. my stop will be hit if we hit 145.23 (7 pip spread here).

what would u do if u had a 7 pip spread?

lol i have less than that .... large volume account at fxcm

I just do not like scalping in the dead zone ( between us close and asia open) , other than that I will scalp both ways
Blogging daily now at www.volume.zone
  • #138,320
  • Nov 18, 2008 3:55pm Nov 18, 2008 3:55pm
Quoting Pips_Cruiser
something had to go right today..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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