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

  • #145,421
  • Dec 3, 2008 12:46am Dec 3, 2008 12:46am
Quoting forexlion
me too, seems i quit the shorts too early
If you follow this thread you might have seen that i posted this "continuation diamond" pattern on the GBP/JPY yesterday before i went to sleep. Its a beautifull formation that worked out just perfectly. I posted one more screenshot from Igrok just on 1hr timeframe today as well. Everything went down according to the chart. The chart is your bible
  • #145,422
  • Dec 3, 2008 12:50am Dec 3, 2008 12:50am
Quoting Dr.Geppynius
are you in selfadulation mode today?


@lilmoe S_K_Y_P_E
hey there. i'm in
  • #145,423
  • Dec 3, 2008 12:50am Dec 3, 2008 12:50am
Quoting belekas
If you follow this thread you might have seen that i posted this "continuation diamond" pattern on the GBP/JPY yesterday before i went to sleep. Its a beautifull formation that worked out just perfectly. I posted one more screenshot from Igrok just on 1hr timeframe today as well. Everything went down according to the chart. The chart is your bible
link
  • #145,424
  • Dec 3, 2008 12:51am Dec 3, 2008 12:51am
CAble's got a little oversold and is trying to bounce off its 750 level and S1 level.....UJ's trying to bounce up off its 93 level.....IF they do, then 138 is the38% fibo on GJ......that would be nice to add some more shorts.....

Remember UK news due in 40 mins......
Trading Levels with WRBs
  • #145,425
  • Dec 3, 2008 12:52am Dec 3, 2008 12:52am
is this person lilmoe ?

http://www.forexfactory.com/nfs/cust...pic45561_2.gif
  • #145,426
  • Dec 3, 2008 12:53am Dec 3, 2008 12:53am
Quoting forexlion
took long at 137.36 with sl at 137.16 for 138.16

pray for me
well it seems someone here does pray for me.
  • #145,427
  • Dec 3, 2008 12:55am Dec 3, 2008 12:55am
Quoting forexlion
well it seems someone here does pray for me.
dang, hit my trailing 15 sl, just +17 pips here.
  • #145,428
  • Dec 3, 2008 1:01am Dec 3, 2008 1:01am
Quoting forexlion
link
Check your PM box
  • #145,429
  • Dec 3, 2008 1:03am Dec 3, 2008 1:03am
Quoting belekas
Check your PM box
Do you see that there's a further down movement?
  • #145,430
  • Dec 3, 2008 1:05am Dec 3, 2008 1:05am
Quoting forexlion
took long at 137.36 with sl at 137.16 for 138.16

pray for me
a new low. don't u think we may see a retrace from here.
  • #145,431
  • Dec 3, 2008 1:07am Dec 3, 2008 1:07am
Quoting dialpips
a new low. don't u think we may see a retrace from here.
here s the chart, this sucker is following the weekly fibs
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 15 KB
  • #145,432
  • Dec 3, 2008 1:08am Dec 3, 2008 1:08am
regular div on 1min chart, I would not add shorts here until 137 is broken decisively
Consistency and patience is everything
  • #145,433
  • Dec 3, 2008 1:09am Dec 3, 2008 1:09am
Quoting forter
Do you see that there's a further down movement?
Its 25 mins till the UK data ...so GU will probably stall untill then, leaving any move down to UJ's action.....just IMO


4:30 GBP http://www.forexfactory.com/images/m...mpact_high.gif Services PMI http://www.forexfactory.com/images/m...dar_detail.gif 41.2 42.4
Trading Levels with WRBs
  • #145,434
  • Dec 3, 2008 1:09am Dec 3, 2008 1:09am
Quoting forter
Do you see that there's a further down movement?
We are now on support @ around 137 - TL from the 4hr. We have 3 touches already so the 4th touch should be the "kiss of death". Next stop is a minor descending support TL @ around 135.50. If thats taken out then we should retest the low of 1995 @ 129.320 and probably get a new low, as i see a pretty good looking dayly downtrend channel.
  • #145,435
  • Dec 3, 2008 1:10am Dec 3, 2008 1:10am
Quoting Geldmeister
regular div on 1min chart, I would not add shorts here until 137 is broken decisively
Was looking at that too
  • #145,436
  • Dec 3, 2008 1:11am Dec 3, 2008 1:11am
Quoting forexlion
here s the chart, this sucker is following the weekly fibs
i'm long at 137.15. look safe? i expect a retrace form here before further down move.
  • #145,437
  • Dec 3, 2008 1:12am Dec 3, 2008 1:12am
The question is would 137 area be taken out finally today or tommorow (on gbp rate cut expectations). For me it would show market readiness for 131-129. I guess in opposite case we would have ranging for at least couple of weeks

update: we got a break
Need to confirm it now
  • #145,438
  • Dec 3, 2008 1:14am Dec 3, 2008 1:14am
Quoting dialpips
i'm long at 137.15. look safe? i expect a retrace form here before further down move.
It's not really 'safe', this thing is trending rather heavily..
Retrace is expected, but I won't bet on that, tight stops is a must here...
  • #145,439
  • Dec 3, 2008 1:14am Dec 3, 2008 1:14am
Quoting forexlion
added a fresh short at 138.92.

i am all in favor of 134.6
No signals on this thread please.
{Some Profound Statement goes here}
  • #145,440
  • Dec 3, 2008 1:15am Dec 3, 2008 1:15am
Bouncing off lower tl, again, im long.
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