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

  • #147,981
  • Dec 10, 2008 10:59am Dec 10, 2008 10:59am
Quoting rgitt05
Please show me your chart for 143...The daily chart TL is holding and the weekly is screaming bearish....

need to first figure out how to do that - never done it - sorry (I use CMS VT platform)
Consistency and patience is everything
  • #147,982
  • Dec 10, 2008 11:09am Dec 10, 2008 11:09am
Boring PA
  • #147,983
  • Dec 10, 2008 11:09am Dec 10, 2008 11:09am
Wait and see..My crystal ball is not working now...




Quoting 4xcentric
If daily close is above 138.00, then 141.70 and 143.70 are targets to test
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  • #147,984
  • Dec 10, 2008 11:12am Dec 10, 2008 11:12am
Guys,

have a look your last 4 bars on GY.. 15 min
This PA is very dangerous.. have a break, come back later..
you DONT HAVE TO TRADE
  • #147,985
  • Dec 10, 2008 11:13am Dec 10, 2008 11:13am
great ao lovely....just blew out $60 for this s%$#&*@ PA

gonna sit on my hands now....
  • #147,986
  • Dec 10, 2008 11:14am Dec 10, 2008 11:14am
just came home..today is very difficult day to trade
OUT of trading NOW
Quoting Piters
Guys,

have a look your last 4 bars on GY.. 15 min
This PA is very dangerous.. have a break, come back later..
you DONT HAVE TO TRADE
  • #147,987
  • Dec 10, 2008 11:15am Dec 10, 2008 11:15am
Quoting Piters
Guys,

have a look your last 4 bars on GY.. 15 min
This PA is very dangerous.. have a break, come back later..
you DONT HAVE TO TRADE
That long legged Doji isn't inspiring for either direction!!!!!
  • #147,988
  • Dec 10, 2008 11:16am Dec 10, 2008 11:16am
Quoting Piters
Guys,

have a look your last 4 bars on GY.. 15 min
This PA is very dangerous.. have a break, come back later..
you DONT HAVE TO TRADE
Bullish?

On 5m, there's bearish div. There are alot of mix signals...
  • #147,989
  • Dec 10, 2008 11:17am Dec 10, 2008 11:17am
PA this week is very strange since Monday
  • #147,990
  • Dec 10, 2008 11:18am Dec 10, 2008 11:18am
Quoting USTrader
That long legged Doji isn't inspiring for either direction!!!!!
there are more or less 5 bars almopst all dojies, with arange of 50 pips..
BS PA

Dow made a breakout and retracing now.. we are going to see UP and DOWN movements...
Unless you are trading on a High TF with a clear directions, all this movements are the same as before the major NEWS..

SO.. Stay OUT.. keep your PIPS>.
  • #147,991
  • Dec 10, 2008 11:18am Dec 10, 2008 11:18am
Quoting forter
Bullish?

On 5m, there's bearish div. There are alot of mix signals...
I see that Be. D. on the 5M and yup, all the signals are telling me DON'T TRADE... yet...
  • #147,992
  • Dec 10, 2008 11:19am Dec 10, 2008 11:19am
Quoting grashid
H1 also above HILO..Is there any possibilities going to TL 138.03 then test to 138.59 before R3 at 139.75 ....

I have -2++ pips short since 135.XX..Pls share any finding
Here is what I am looking at and PLEASE remember I am very new so I can be wrong.

The best option I will take is Piters. "have a look your last 4 bars on GY.. 15 min. This PA is very dangerous.. have a break, come back later..
you DONT HAVE TO TRADE"
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  • #147,993
  • Dec 10, 2008 11:21am Dec 10, 2008 11:21am
I have not liked the PA all day!
Not 1 trade yet today.
I'll just sit here on the fence and watch for a direction.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #147,994
  • Edited 11:35am Dec 10, 2008 11:25am | Edited 11:35am
Price will have to break out of the daily trend to see higher price which is ar'd 138.56/139 area like someone has already stated.

If price gets a daily close above 138.50 then the next target will be 141.50 which is daily gann, above there will see 148 congestion zone where it has been rejected before.

If price fails up here I see 132 1st stop then 120 area. . . Right now it looks like price is having a difficult time getting above the descending trendline since Sept but the day isn't over yet.

My gut tells me we will see a spike up to touch the top of the channel this afternoon then price will be sold off from there. . .

Today is triple interest Wed not that it means alot these days. . .
  • #147,995
  • Dec 10, 2008 11:26am Dec 10, 2008 11:26am
My chart just shows me a retest of a strong daily upper trendline.
I´m shorting 138.03, SL 138.35.
  • #147,996
  • Edited 11:37am Dec 10, 2008 11:26am | Edited 11:37am
Look at the Daily chart...

This market PA can do anything to shakeout the shorts...

The daily TL is still holding...There is still room on the upside until 141 range w/o breaking the Daily TL.

I am still overall bearish...The bailout plan is not giving the Little 3 the full amount...That means the company will have to merge and layoff massive amount of workers...


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  • #147,997
  • Dec 10, 2008 11:29am Dec 10, 2008 11:29am
I'm with Quee(BTW Good to see you back bro!!)

We'll get a spike to lure in more sellers, and perhaps a bukkake.

I'm with Moe, not one trade today. It's gloomy and rainy here so quite apropos for the trading conditions.
Patience + Humility + Study = Success
  • #147,998
  • Dec 10, 2008 11:30am Dec 10, 2008 11:30am
Short tp at DP, sl above 4H 50ema.
  • #147,999
  • Dec 10, 2008 11:30am Dec 10, 2008 11:30am
Thanks for your feedback..



Quoting quecee5
Price will have to break out of the daily trend to see higher price which is ar'd 138.56/139 area like someone has already stated.

If price gets a daily close above 138.50 then the next target will be 141.50 which is daily gann, above there will see 148 congestion zone where is has been rejected before.

If price fails up here I see 132 1st stop then 120 area. . . Right now it looks like price is having a difficult time getting above the descending trendline since Sept but the day isn't over yet.

My gut tells me we will see a spike up...
[
  • #148,000
  • Dec 10, 2008 11:37am Dec 10, 2008 11:37am
setup is very simple hold longs until double top (horizontal line)
if u will see bearish div on m5 nearby then TP and reverse if wont then keep longs open
or
short hard when LTL will be broken

but first price have to break 138
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