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

  • #145,441
  • Dec 3, 2008 3:16am Dec 3, 2008 3:16am
Quoting bobcat
Bouncing off lower tl, again, im long.
Definetly not the way to trade.
  • #145,442
  • Dec 3, 2008 3:17am Dec 3, 2008 3:17am
Quoting Geldmeister
regular div on 1min chart, I would not add shorts here until 137 is broken decisively
div broken...down we go
Consistency and patience is everything
  • #145,443
  • Dec 3, 2008 3:18am Dec 3, 2008 3:18am
stopped out, worth a try!
  • #145,444
  • Dec 3, 2008 3:18am Dec 3, 2008 3:18am
I was out ... I see huge fall. Forexlion you were right about GJ being in downtrend. I'm glad I got stopped out with that long with -33. I was about to open another long and leave but I'm glad I didn't.

Now waiting for a retrace to enter long
Discipline + Patience - Fear - Greed = Success
  • #145,445
  • Dec 3, 2008 3:18am Dec 3, 2008 3:18am
Quoting Geldmeister
regular div on 1min chart, I would not add shorts here until 137 is broken decisively
  • #145,446
  • Dec 3, 2008 3:20am Dec 3, 2008 3:20am
135.80 - 90 is the maximum she can go for now. I've a small buy limit there.
Discipline + Patience - Fear - Greed = Success
  • #145,447
  • Dec 3, 2008 3:21am Dec 3, 2008 3:21am
again, i believe this will make a new small low... nothing serious. i'm thinking this current level or a bit lower to 136.07.

we should reverse from here/there and close the day somewhere close to 137.70-138....

we should have the same pattern for the rest of the week. and if it works out the same way, we will see a massive drop on monday...
  • #145,448
  • Dec 3, 2008 3:21am Dec 3, 2008 3:21am
Quoting arezab
I was out ... I see huge fall. Forexlion you were right about GJ being in downtrend. I'm glad I got stopped out with that long with -33. I was about to open another long and leave but I'm glad I didn't.

Now waiting for a retrace to enter long
Avoid all longs before 131, just my piece of advice.
  • #145,449
  • Dec 3, 2008 3:22am Dec 3, 2008 3:22am
Quoting forexlion
Avoid all longs before 131, just my piece of advice.
we are now in a daily chart trend with next stop at 131.60

so i would not advise any longs here,
  • #145,450
  • Dec 3, 2008 3:23am Dec 3, 2008 3:23am
Quoting arezab
135.80 - 90 is the maximum she can go for now. I've a small buy limit there.
i believe so too, i was guessing a max of 136.07, but that's close enough...

don't forget we have a broadening top on the 4h and daily charts. we should bounce from the lower TL.

a bullish div now is forming on the 1h and 4h charts as of now.

if however, we make it above 141.50 today for any reason, a rally is coming up soon. as long as we keep this lower low pattern, i think the broadening top will be broken to the downside on friday/monday
  • #145,451
  • Dec 3, 2008 3:24am Dec 3, 2008 3:24am
Quoting Islander
I bracket the 34 emas of GU, UJ & GJ with voice alerts.

I'm now short after the spike up to the 139 level - prices under DPs and 5m 34emas.....

I've taken more partials at the 36.50 level in front of the news in case we are having a "sell the rumour, buy the news" type of move....
Trading Levels with WRBs
  • #145,452
  • Dec 3, 2008 3:26am Dec 3, 2008 3:26am
Quoting Islander
I've taken more partials at the 36.50 level in front of the news in case we are having a "sell the rumour, buy the news" type of move....
smart move

did the same thing too.
  • #145,453
  • Dec 3, 2008 3:29am Dec 3, 2008 3:29am
Quoting forexlion
you are short from higher up - good move! and I was not suggesting anyone close shorts, just warning about potentially selling the bottom
Consistency and patience is everything
  • #145,454
  • Dec 3, 2008 3:29am Dec 3, 2008 3:29am
Quoting belekas
Definetly not the way to trade.

agree with you on that one, pretty much pointless going against the trend atm
  • #145,455
  • Dec 3, 2008 3:29am Dec 3, 2008 3:29am
Quoting lilmoe
smart move

did the same thing too.

LOL - I wouldn't expect anything less from you......http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #145,456
  • Dec 3, 2008 3:30am Dec 3, 2008 3:30am
I have on 4H chart as well Divergence and they normally make a pair jump and go very fast high..this is just my thought
same I remember happened that day when it made 600 pips UP after a fall.

I will try to attach charts.
Again I am just a observer to learn from pros..
Quoting lilmoe
i believe so too, i was guessing a max of 136.07, but that's close enough...

don't forget we have a broadening top on the 4h and daily charts. we should bounce from the lower TL.

a bullish div now is forming on the 1h and 4h charts as of now.

if however, we make it above 141.50 today for any reason, a rally is coming up soon. as long as we keep this lower low pattern, i think the broadening top will be broken to the downside on friday/monday
  • #145,457
  • Dec 3, 2008 3:31am Dec 3, 2008 3:31am
2008.12.03 09:30:08 *UK Oct Services PMI Was 42.4


2008.12.03 09:30:08 *UK Nov Services PMI Forecast At 41.3
Trading Levels with WRBs
  • #145,458
  • Dec 3, 2008 3:31am Dec 3, 2008 3:31am
Quoting Raza
I am in the same situation... blew few accounts.. running low in cash... trying proper MM too.. try to develop a system.. you feel confident about it then it fails.. there goes your account.. I wonder how didi you learn about Gann...
I was my own mentor, I just put it in my head that I must learn this and be able to do it full-time.

You need to have the right mind set to trade successfully.
Trade what you see, not what you think.
  • #145,459
  • Dec 3, 2008 3:32am Dec 3, 2008 3:32am
GM everyone(evenfall here)..
again long @136.66 sl 136. tp 50-300pips..looks more risky than yesterday..
but still worth a try, no chart, pls dont say me random trading, i have sixth sense
  • #145,460
  • Dec 3, 2008 3:33am Dec 3, 2008 3:33am
i might enter fresh sh0rts at 138.16 depending on PA there.
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