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

  • #141,821
  • Nov 24, 2008 11:29am Nov 24, 2008 11:29am
long 145.60 here tp 146.30
  • #141,822
  • Nov 24, 2008 11:29am Nov 24, 2008 11:29am
The selling today has taken the market well below the 8-day moving
average at 87.11; it has also taken prices below last week"s significant low at 86.135. The push through these levels confirms that the high on Friday was a false breakout that has now reverted to the range trading that dominated action since late last month. The center of the range is nearby at 85.78; below that points to a test of the 62% retracement of the range at 85.15. Resistance is now best at the 8-day average, 87.11, which should hold the upside if the market is developing a stronger bias for lower prices--the 8-day often limits the upside in a bear trend.
Weekly charts got a boost from the best close of the last couple years on
Friday, but the weakness today has taken prices near the 8-week moving average at 85.50. Prices have spent very little time below that average since July; it has been very strong support for months. If the weekly trend fails, a few weeks, at least, of consolidation would be expected: monthly charts are not showing the potential to lose their bull signs.
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  • #141,823
  • Nov 24, 2008 11:29am Nov 24, 2008 11:29am
Quoting lilmoe
if we reach daily 50ema, i'm inviting all of u for kabab in my place, on the house
eerrr, currently 2753 members are online on FF.. how many LOTS you are trading my friend ??

  • #141,824
  • Nov 24, 2008 11:30am Nov 24, 2008 11:30am
Quoting karmostaji
1/3 for 80 pips, rest at b/e
the rest closed for 90 pips

might re-enter shorts if I get a 15m short signal
Trade what you see, not what you think.
  • #141,825
  • Nov 24, 2008 11:30am Nov 24, 2008 11:30am
Quoting xoiper
long here tp 146.30
before i go long, i want to see m5's 50ema hit. otherwise, i'll wait for a close above m5's gann.
  • #141,826
  • Nov 24, 2008 11:30am Nov 24, 2008 11:30am
Quoting grashid
i know that..i respect all of u including you too..especially Dr.G...b4 end of last week trade mentioning about the bull time...i still long from 140.25..n thinking to go out now....but Karmo have their own style..so n u and lil....in forex doent matter what stand we r...as long as profit....everybody have their own opinion vs own analysis n this is the place...so we need to filter and use our brain which one are able to use it...i use all the analysis from here and try to learn up by my own self including how karmo n lil style..no harm for me right....so...

no offence taken .. dr g good friend of mine .. we spent an hour together Sat coming up with price action for Sunday's Asia session ..... was pretty spot on.

All minds come together the power of group trading comes into play . I learn from Karmo , lilmoe ,Islander,Dr G piters , and all the rest every day.


i would like to take this momnent to thank some of the traders in this group.

Karmo has taught me patience with swing trades and I am getting better at swing trades.

Lilmoe has taught me do not be afraid of getting in at tops and bottoms and managing risk

Dr G has spent many hours helping me with VSA and has made my trading 200 % better ... now I only lose 50% of my account instread of 100 % every month...lol

Ovaforty .... I find it rewarding to be on the same side of a trade as a seasoned trader like Ova

Islander ... great trader always like to here his / her thoughts .. even though I am jealous as hell that they trade of their yacht by the sounds of it

Piters has made some wonderful posts on fibs that we can all learn from

and last but not least

Forexlion for putting up with me being grumpy yesterday and amusing us with his wonderful and wierd indicators .... always get a laugh out of what he is going to come up with .
Blogging daily now at www.volume.zone
  • #141,827
  • Nov 24, 2008 11:31am Nov 24, 2008 11:31am
Quoting Piters
eerrr, currently 2753 members are online on FF.. how many LOTS you are trading my friend ??


bro, bear hunting makes u rich
don't worry, i can handle it.
  • #141,828
  • Nov 24, 2008 11:33am Nov 24, 2008 11:33am
Quoting Piters
eerrr, currently 2753 members are online on FF.. how many LOTS you are trading my friend ??

and some members (like me) want two ... so add a half of 2735 to be in the safe side = +4100
Discipline + Patience - Fear - Greed = Success
  • #141,829
  • Nov 24, 2008 11:34am Nov 24, 2008 11:34am
Quoting lilmoe
if we reach daily 50ema, i'm inviting all of u for kabab in my place, on the house
I'll be happy to accept - of course the flight's included....
Trading Levels with WRBs
  • #141,830
  • Nov 24, 2008 11:35am Nov 24, 2008 11:35am
Quoting lilmoe
before i go long, i want to see m5's 50ema hit. otherwise, i'll wait for a close above m5's gann.
this is fake reverse it should take some time for reverse to work out so this ig going up again for sure beside trend still bullish
  • #141,831
  • Nov 24, 2008 11:37am Nov 24, 2008 11:37am
Quoting xoiper
this is fake reverse it should take some time for reverse to work out so this ig going up again for sure beside trend still bullish
fake or not. like i said, free trade from here. relax bro.
  • #141,832
  • Nov 24, 2008 11:37am Nov 24, 2008 11:37am
I called the that retrace when my 300 sma on the hour got touched. It usually provides strong resistance on the 1st attempt to break it.
  • #141,833
  • Nov 24, 2008 11:38am Nov 24, 2008 11:38am
price retraced exactly to my 22 sma on that hourly chart and bounced up. That usually provides support on the first attempt to break it to the downside.
  • #141,834
  • Nov 24, 2008 11:39am Nov 24, 2008 11:39am
Quoting pkimnyc
fake or not. like i said, free trade from here. relax bro.
i was in it for 70 pip bro
  • #141,835
  • Nov 24, 2008 11:41am Nov 24, 2008 11:41am
145.32 is my hourly 22 sma

146.82 is my hourly 300 sma


That is the range for now until a breakout occurs.
  • #141,836
  • Nov 24, 2008 11:43am Nov 24, 2008 11:43am
Quoting xoiper
this is fake reverse it should take some time for reverse to work out so this ig going up again for sure beside trend still bullish
seems like little pull back ..

5 min ...the pink line is 33 sma , been forming support all day

came to grinding halt on 145.50 with a nice doji .... would like to see a btter retrace here if bullish trend is going to continue

this is the 15 min chart I have been trading today , with bounce off lower trend line during asia last night

plotted a few fibs on it as potential reversal zones if R2 is forming a market top

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Blogging daily now at www.volume.zone
  • #141,837
  • Nov 24, 2008 11:45am Nov 24, 2008 11:45am
i used to have 1 arabic friend. his family always cooked all kinds of food when i was over. they were very generous and friendly. they had snacks that i liked but i can't remember the name of them and a kind of ground coffee that was the best i ever taste. he had a humorous first name in arabic that everyone made fun of but we knew him as chuck (i think real name was Shokry). like littlemoe was saying the american ones are wierd and he had his share of weird cousins and uncles that would come over in fact they called his uncle crazy Joe or something to that effect lol. his immediate family was ultra cool though. he was from Iraq.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #141,838
  • Nov 24, 2008 11:46am Nov 24, 2008 11:46am
Quoting ovaforty
145.32 is my hourly 22 sma

146.82 is my hourly 300 sma


That is the range for now until a breakout occurs.
and why using these SMAs specialy to get the range?

thanks,
  • #141,839
  • Nov 24, 2008 11:46am Nov 24, 2008 11:46am
Quoting malcolmb14
seems like little pull back ..

5 min ...the pink line is 33 sma , been forming support all day

came to grinding halt on 145.50 with a nice doji .... would like to see a btter retrace here if bullish trend is going to continue

this is the 15 min chart I have been trading today , with bounce off lower trend line during asia last night

plotted a few fibs on it as potential reversal zones if R2 is forming a market top

Attachment

opps wrong picture

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 28 KB
Blogging daily now at www.volume.zone
  • #141,840
  • Nov 24, 2008 11:47am Nov 24, 2008 11:47am
Quoting karmostaji
I was long from 141.30 till 144

I know what Im doing malcolmb so go find someone else to argue with

thank you

sorry karmo .... I was away form thread ... did not read post on you going long .. only short posts .... humblest apologies and nice trade.....

you been doing well on that day trading thing today ... nice job
Blogging daily now at www.volume.zone
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