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

  • #143,161
  • Nov 26, 2008 5:17am Nov 26, 2008 5:17am
oh this yellow TD or neck of karmo's H&s is hard resistance
however i think dv still is valid and if breake this dam TD, it is going turn on.
Attached Image (click to enlarge)
Click to Enlarge Name: td.JPG Size: 146 KB
  • #143,162
  • Nov 26, 2008 5:18am Nov 26, 2008 5:18am
Quoting lilmoe
he's asking for the reason u're so bullish.... analysis that is... not just a post of how u "think" the market will go.
i guess gu 1h bullish trend line is enough or do u need any thing else
  • #143,163
  • Nov 26, 2008 5:20am Nov 26, 2008 5:20am
Quoting xoiper
i guess gu 1h bullish trend line is enough or do u need any thing else
Did you have 'fool' and '6a3meya' for breakfast today?
Trade what you see, not what you think.
  • #143,164
  • Nov 26, 2008 5:20am Nov 26, 2008 5:20am
nice bull with BBQ sauce
Quoting karmostaji
I'm hungry, ur SL should be a good meal, thx
  • #143,165
  • Nov 26, 2008 5:21am Nov 26, 2008 5:21am
price couldnt stay above DP 146.50, so I dont know what bullcrap bulls are on lol
Trade what you see, not what you think.
  • #143,166
  • Nov 26, 2008 5:21am Nov 26, 2008 5:21am
Quoting karmostaji
Thanks for the clarification

I've ordered that book from amazon already, it should be on it's way
I didn't know that amazon deliver to arabic country, does it deliver to egypt too?? it's great so
  • #143,167
  • Nov 26, 2008 5:21am Nov 26, 2008 5:21am
Quoting pepsi
I didn't know that amazon deliver to arabic country, does it deliver to egypt too?? it's great so
amazon.com
Trade what you see, not what you think.
  • #143,168
  • Nov 26, 2008 5:22am Nov 26, 2008 5:22am
This is my GBP/USD weekly trade...SL @ BE now...

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: ss.png Size: 3 KB
  • #143,169
  • Nov 26, 2008 5:22am Nov 26, 2008 5:22am
Quoting xoiper
hunting stop before bull just wait any way i hav sl
I ate ur sl, now stop arguing about bullish v bearish like little kids
Trade what you see, not what you think.
  • #143,170
  • Nov 26, 2008 5:23am Nov 26, 2008 5:23am
Quoting karmostaji
I'm hungry, ur SL should be a good meal, thx
  • #143,171
  • Nov 26, 2008 5:23am Nov 26, 2008 5:23am
50 ema.. reverse mode for a while
  • #143,172
  • Nov 26, 2008 5:24am Nov 26, 2008 5:24am
Quoting karmostaji
I'm hungry, ur SL should be a good meal, thx
already widen still believe in bull
sl 145 if got burned 120pip loss
  • #143,173
  • Nov 26, 2008 5:25am Nov 26, 2008 5:25am
Quoting xoiper
already widen still believe in bull
sl 145
lovely, I'm coming to get you again, just watch the chart and start swearing
Trade what you see, not what you think.
  • #143,174
  • Nov 26, 2008 5:27am Nov 26, 2008 5:27am
Quoting karmostaji
Did you have 'fool' and '6a3meya' for breakfast today?
looks like my mind dont work pretty well today
  • #143,175
  • Nov 26, 2008 5:30am Nov 26, 2008 5:30am
Quoting xoiper
looks like my mind dont work pretty well today
weekly 50% or 142.76 looks better for now
  • #143,176
  • Nov 26, 2008 5:31am Nov 26, 2008 5:31am
i m off sl 145 tp 150 i have to to work
  • #143,177
  • Nov 26, 2008 5:32am Nov 26, 2008 5:32am
145.30 is a tough sup ... it's H4 S1. If price drops below this level 144.00 is my first target.
Discipline + Patience - Fear - Greed = Success
  • #143,178
  • Nov 26, 2008 5:37am Nov 26, 2008 5:37am
This is my GBP/USD weekly trade...SL @ BE now...See how Friday brings///

Sonic


http://i37.tinypic.com/2ebv0nk.png
  • #143,179
  • Nov 26, 2008 5:37am Nov 26, 2008 5:37am
wow news is that Karmo is considering buying the entire 140th floor of Burj Dubai !!
  • #143,180
  • Nov 26, 2008 5:38am Nov 26, 2008 5:38am
Quoting TiaForex
Karmo was mentioning H&S earlier on. It'd be a push to call this pattern a H&S but it is possible. Many people just look at the peaks and see a high followed by a higher high followed by a lower hig. These are important parts of the pattern but the lower trendline or "neckline" is crucial too. It doesn't have to be horizontal, it can slope. But the steeper it slopes the more the likelihood of a false breakout.

In this case the pattern would have been more reliable if the left trough (immediately preceding the head) hadn't gone much below 141.50,...
I've found it's better when the right neckline is lower than the left (because it's then a lower low) and vice-versa for an inverted.

See geppy monthly H&S in late 2007 and cable weekly H&S early 2008, both had a lower right neckline and played out perfectly.
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