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

  • #142,761
  • Nov 25, 2008 1:06pm Nov 25, 2008 1:06pm
Quoting malcolmb14
here is my chart form last week .... notice the 38 % fib , we are having a hard time breaking this , if we do 151 is my target , then 154
lilmoe 150 target is enough i want to sleep while if daily close above 150 then 160 in the horizon
  • #142,762
  • Nov 25, 2008 1:08pm Nov 25, 2008 1:08pm
Quoting malcolmb14
no seller either right now ... interesting .... this thing could rip either way at any minute
maybe all the boys packed up everything and went on a vacation until next year. lol
  • #142,763
  • Nov 25, 2008 1:09pm Nov 25, 2008 1:09pm
Quoting JhonMonsalve
Hi All!

lilmoe, what's your main condition for consider a bullish resumption in GJ? a candle close above 1.47?

If you don't mind share with us.

TIA
Jhon.
i think we need a 4h closing above 147.70.

we also need this day to close above daily gann (which we do have on ibfx, but not on mine, i'm not sure about VT)...

if we close above these levels, then next is 150, 152, and 154

but let's get that close first.
  • #142,764
  • Nov 25, 2008 1:09pm Nov 25, 2008 1:09pm
Quoting malcolmb14
damn a beginner getting more pips than me ... thats it I quit !!!!

great job ......

to see if this is beginners luck keep a note book , every trade you take have a reaosn write it down. If the trade was successful make a note . If the trade was wrong ... then go back and look what went wrong.

I often find beginners do really well in the market as they do not over think things !!!
I agree with you. That is the secret of keeping it simple. My brother's daughter is 7and half years old. She was looking at my screen once I was trading few 2 or 3 months ago. She said suddenly "uncle what is this? I said this is my job, she said your job is beautiful I said how? she said "it seems like a nice waterfall" ... and you know what? I was trying to buy every time while I got stopped out several times.

I asked her to show me and she pointed at upper left corner of screen and dragged her finger down to lower right and told me: "This is it!" and laughed.

You see, I couldn't see that "waterfall" at all because I was focusing on a small portion. Since then I'm looking that way at the screen to identify the major trend and go with it not against it.

This is why keeping it simple and thinking as simple as a child works well.
Discipline + Patience - Fear - Greed = Success
  • #142,765
  • Nov 25, 2008 1:13pm Nov 25, 2008 1:13pm
Quoting arezab
I agree with you. That is the secret of keeping it simple. My brother's daughter is 7and half years old. She was looking at my screen once I was trading few 2 or 3 months ago. She said suddenly "uncle what is this? I said this is my job, she said your job is beautiful I said how? she said "it seems like a nice waterfall" ... and you know what? I was trying to buy every time while I got stopped out several times.

I asked her to show me and she pointed at upper left corner of screen and dragged her finger down to lower right and told me: "This...

lol that us funny ......

look at the pretty waterfall .....
Blogging daily now at www.volume.zone
  • #142,766
  • Nov 25, 2008 1:16pm Nov 25, 2008 1:16pm
nice article..notes are extremely important.
my broker ( I do not know others ) filled my stop order with 12 pips difference, but in his benefit..damm
Quoting arezab
I agree with you. That is the secret of keeping it simple. My brother's daughter is 7and half years old. She was looking at my screen once I was trading few 2 or 3 months ago. She said suddenly "uncle what is this? I said this is my job, she said your job is beautiful I said how? she said "it seems like a nice waterfall" ... and you know what? I was trying to buy every time while I got stopped out several times.

I asked her to show me and she pointed at upper left corner of screen and dragged her finger down to lower right and told me: "This...
  • #142,767
  • Nov 25, 2008 1:17pm Nov 25, 2008 1:17pm
Quoting malcolmb14
5 min price stalling .....

anything could happen but when price stalls on up move it means buyers have vanished ...

147.33 short for me

double top 60 min bearish div reg and rapid rsi supports my short here

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Blogging daily now at www.volume.zone
  • #142,768
  • Nov 25, 2008 1:20pm Nov 25, 2008 1:20pm
Quoting capetown
nice article..notes are extremely important.
my broker ( I do not know others ) filled my stop order with 12 pips difference, but in his benefit..damm
it's very normal my broker filled even my market order with 3-4 pips difference, and when TP or SL hit, he takes 3-4 pips too
  • #142,769
  • Nov 25, 2008 1:21pm Nov 25, 2008 1:21pm
Quoting malcolmb14
double top 60 min bearish div reg and rapid rsi supports my short here

Attachment

closed that on 146.55

there is now 1-2-3 sell formation

the dj has 1.5 hrs to rally ..... if not Asia not going to be happpy ..

use the fib extensions in attached chart for the downside targets for tokyo session if last pivot high 146.6 is not taken out on a rally into close.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
Blogging daily now at www.volume.zone
  • #142,770
  • Nov 25, 2008 1:26pm Nov 25, 2008 1:26pm
i hate that ping pong i want to sleep
  • #142,771
  • Nov 25, 2008 1:34pm Nov 25, 2008 1:34pm
I'll enter short on RSI 14 trend line break 5M chart. Relaxing for now ... listening to classical music. I'm fond of classic and Jazz.

... it's "Beethoven's Kreutzer Sonata in A major" for now. I like the third part most.
Discipline + Patience - Fear - Greed = Success
  • #142,772
  • Nov 25, 2008 1:34pm Nov 25, 2008 1:34pm
Quoting arezab
I'll enter short on RSI 14 trend line break 5M chart. Relaxing for now ... listening classical music. I'm fond of classic and Jazz.

... it's "Beethoven's Kreutzer Sonata in A major" for now. I like the third part most.
  • #142,773
  • Nov 25, 2008 1:36pm Nov 25, 2008 1:36pm
Quoting arezab
I'll enter short on RSI 14 trend line break 5M chart. Relaxing for now ... listening to classical music and smoking a joint. I'm fond of classic and Jazz.

... it's "Beethoven's Kreutzer Sonata in A major" for now. I like the third part most.
lol .... sounds good
Blogging daily now at www.volume.zone
  • #142,774
  • Nov 25, 2008 1:40pm Nov 25, 2008 1:40pm
Quoting malcolmb14
lol .... sounds good
fine my friend.
Discipline + Patience - Fear - Greed = Success
  • #142,775
  • Nov 25, 2008 1:52pm Nov 25, 2008 1:52pm
Quoting lilmoe
i think we need a 4h closing above 147.70.

we also need this day to close above daily gann (which we do have on ibfx, but not on mine, i'm not sure about VT)...

if we close above these levels, then next is 150, 152, and 154

but let's get that close first.
Thanks Sir! Clear & simple analysis!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #142,776
  • Nov 25, 2008 2:12pm Nov 25, 2008 2:12pm
well we touched the top once again.
Attached Image (click to enlarge)
Click to Enlarge Name: gy chart.gif Size: 18 KB
  • #142,777
  • Nov 25, 2008 2:14pm Nov 25, 2008 2:14pm
word of caution

gj is at exact spot it was this time yesterday before 400 pip drop ..

they may push it up a touch to trap the bulls..... but i am expecting a retracement in asia as seems normal these days
Blogging daily now at www.volume.zone
  • #142,778
  • Nov 25, 2008 2:16pm Nov 25, 2008 2:16pm
Quoting malcolmb14
word of caution

gj is at exact spot it was this time yesterday before 400 pip drop ..

they may push it up a touch to trap the bulls..... but i am expecting a retracement in asia as seems normal these days
I was just thinking the same, I've got enough traps this week
  • #142,779
  • Nov 25, 2008 2:19pm Nov 25, 2008 2:19pm
How does this pair respond to traditional Support & Resistance (supply and demand)?
  • #142,780
  • Nov 25, 2008 2:22pm Nov 25, 2008 2:22pm
In some moments I am confused..oil is going down, GU up, GJ up, I know it used to be a correlation between oil and GU, but today it is different. Does anyone know why??
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