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

  • #142,561
  • Nov 25, 2008 8:01am Nov 25, 2008 8:01am
Dont chase the market, and dont trade against the market....
  • #142,562
  • Nov 25, 2008 8:02am Nov 25, 2008 8:02am
Quoting arezab
From the bottom? wow ... excellent
I got lucky trading against the moves on the hourly candle
  • #142,563
  • Nov 25, 2008 8:03am Nov 25, 2008 8:03am
Bullish flag formed. Its going against the 161.8 fib. ONce go through, might reach 149.

correct?
Read the entire market, money is made on the main trend not the fluctuation
  • #142,564
  • Nov 25, 2008 8:04am Nov 25, 2008 8:04am
Quoting ovaforty
That would be great if i knew what a truffle looked like.
Your tame pig knows....but here you go


http://seattlepi.nwsource.com/dayart...10_truffle.jpg
Trading Levels with WRBs
  • #142,565
  • Nov 25, 2008 8:06am Nov 25, 2008 8:06am
Quoting Islander
Your tame pig knows....but here you go


http://seattlepi.nwsource.com/dayart...10_truffle.jpg
what's the pip value of that?
  • #142,566
  • Nov 25, 2008 8:07am Nov 25, 2008 8:07am
Quoting Islander
Your tame pig knows....but here you go


http://seattlepi.nwsource.com/dayart...10_truffle.jpg
Do you eat these?
  • #142,567
  • Nov 25, 2008 8:07am Nov 25, 2008 8:07am
Quoting Dr.Geppynius
what's the pip value of that?

  • #142,568
  • Nov 25, 2008 8:08am Nov 25, 2008 8:08am
Ah well - back to reality....

The dollars fall has halted at the 1.9000 level on the swissy - if it breaks GBP and EUR will continue their rally, but the effect will be -ve on UJ.

We may have to waite for the NYSE to open....
Trading Levels with WRBs
  • #142,569
  • Nov 25, 2008 8:08am Nov 25, 2008 8:08am
I went out for a while and it was something..market jump like hell.
I wait till NY open ( I believe in 20min. ) and then will decide.
In this jump, I did not see any indicator for that move. Just a newbe, maybe that is the reason.
Quoting arezab
I'll rather stay away from this insane market or I use a 15 pips Tlstop to lock the profit quickly ... it's insane. Even scalping is dangerous.
  • #142,570
  • Nov 25, 2008 8:11am Nov 25, 2008 8:11am
Quoting pipidiot
Did 1h close above GANN ? (i have no indicators in front of me)
Yes, the last hourly candle did close above the gann. But qqe hasn't crossed up. It will cross if this hourly candle closed above 147. I think it's just a matter of watching price action at 148. We'll see if it's a strong break out or rejection.
  • #142,571
  • Nov 25, 2008 8:12am Nov 25, 2008 8:12am
Quoting DirkH143
It will go down. It cannot hold those kind of levels of increase. The question is, will it go down fast or slow?
The move seems pretty strong... I hope you're right.
  • #142,572
  • Nov 25, 2008 8:12am Nov 25, 2008 8:12am
BREAK 148 and we see

$$$ 156 $$$
  • #142,573
  • Nov 25, 2008 8:13am Nov 25, 2008 8:13am
Quoting capetown
In this jump, I did not see any indicator for that move. Just a newbe, maybe that is the reason.

Hey man, 5m and 15m went bullish, and 1h, whilst remaining bearish corrected above the trendline...

Was risky to take from the bottom, as it was against the bigger trend, but sh!t did it pay off for those who took it.
  • #142,574
  • Nov 25, 2008 8:14am Nov 25, 2008 8:14am
pretty insane stuff this is

kudos to those making pips
  • #142,575
  • Nov 25, 2008 8:17am Nov 25, 2008 8:17am
Quoting kbrown
Open question: I'm looking to go long around 143.9....but since we are on an auslanco 15min sell signal, would you look to buy now, or wait?
I need to work on trusting my charts.
Learning never ends.
  • #142,576
  • Nov 25, 2008 8:17am Nov 25, 2008 8:17am
closed most of my longs for hyper pips!! too afraid of a bounce down from here.
  • #142,577
  • Nov 25, 2008 8:18am Nov 25, 2008 8:18am
Quoting forexer
here we go


thie beast forced me to sell it again and over again

have just shorted the damn beast at 145.18 targeting 142.00

let's see what's going to be


warning: don't follow me i'm speculating aggressively
short position is stopped out with 80 pips loss
I always knew that someday I would make it big
  • #142,578
  • Nov 25, 2008 8:19am Nov 25, 2008 8:19am
At the moment I see longs are the way to go based on 1hr charts. So, I have set a buy at 148.50 to ride up IF we have a good Dow open. Looks like we will get a Gann cross as well and but just giving it a bit of room. PLenty of headroom to get to 156 .
  • #142,579
  • Nov 25, 2008 8:20am Nov 25, 2008 8:20am
Quoting $teve
BREAK 148 and we see

$$$ 156 $$$
I wish The beast can break it...
  • #142,580
  • Nov 25, 2008 8:21am Nov 25, 2008 8:21am
Sorry to be off topic, but for good reason. Check out that double top on the USD/CAD Daily chart!! ...I'm in.
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