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

  • #156,781
  • Jan 29, 2009 8:54am Jan 29, 2009 8:54am
i've tried to find this indicator at forexfactory and several other website but can't find any. i've found that this indicator is very useful. would anyone please help me find this indicator's name and get it. thankss
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  • #156,782
  • Edited 9:18am Jan 29, 2009 9:09am | Edited 9:18am
Quoting ukdaytrader
Panic over. Load those longs for a retest of 129.50.

S&P 850 level important today. I think 850 will be tested and maybe dip below. If it then bounces back, we'll then see the market is still bullish.

what make you think it will retest 129.50? I got some shorts . Anyway gu down move seem to face support at 50% fibo from 1.49... hmmm ....

Edit- Oppsss gu took out the support ... hope g/j to follow
  • #156,783
  • Jan 29, 2009 9:18am Jan 29, 2009 9:18am
4h gann is at 170. and 1h is at 127.4. strong hurdle i guess;

with the 4h pinbar, i expect gy to tank. although lot of hurdles to cross.

  • #156,784
  • Jan 29, 2009 9:20am Jan 29, 2009 9:20am
Quoting dzackfx
what make you think it will retest 129.50? I got some shorts . Anyway gu down move seem to face support at 50% fibo from 1.49... hmmm ....
Well shorts look the obvious choice at the moment, but my view is the bulls aren't done yet. I think most people were expecting a bounce from the previous high, so a fall of a few hundred pips is not a surprise. If this fall was due to some form of bad news or data, then a big fall would be likely, but a reasonable fall based on TA can be expected.

4hr Gann HiLo still bullish and has bounced off it as well as the 50ema already today.

JMHO of course. I am not currently in any trades, but am looking for potential longs.
  • #156,785
  • Jan 29, 2009 9:27am Jan 29, 2009 9:27am
Quoting ukdaytrader
Well shorts look the obvious choice at the moment, but my view is the bulls aren't done yet. I think most people were expecting a bounce from the previous high, so a fall of a few hundred pips is not a surprise. If this fall was due to some form of bad news or data, then a big fall would be likely, but a reasonable fall based on TA can be expected.

4hr Gann HiLo still bullish and has bounced off it as well as the 50ema already today.

JMHO of course. I am not currently in any trades, but am looking for potential longs.
Yeah ... need to pay close look at gann m15 is bearish and m30 is almost there b(qqes are also changing direction) ... waiting for H1 to turn bearish ... otherwise .. need to manage stop carefullly.
  • #156,786
  • Jan 29, 2009 9:34am Jan 29, 2009 9:34am
to downside 15m looking like wants shorts but with s1 and 200 ema we need more volume to see lower than 126.30
Private Account Manager & Trader since 1999
  • #156,787
  • Jan 29, 2009 9:38am Jan 29, 2009 9:38am
Quoting ukdaytrader
Panic over. Load those longs for a retest of 129.50.

S&P 850 level important today. I think 850 will be tested and maybe dip below. If it then bounces back, we'll then see the market is still bullish.
for a 3rd test, do u think we might break the utl and achieve HH?

if we do, the pinbar formation on 4h would have been violated, don't u think?

  • #156,788
  • Jan 29, 2009 9:41am Jan 29, 2009 9:41am
Quoting yentastic
to downside 15m looking like wants shorts but with s1 and 200 ema we need more volume to see lower than 126.30
Can you please show me how to use volume indicator which all of you guys are using mostly ?? Thank in advance so much ./.
  • #156,789
  • Jan 29, 2009 9:42am Jan 29, 2009 9:42am
Quoting fxinthesun
Made so much money that I closed my trade (30% of the account) 4%risk

only 30 % WHAT THE MATTER WIT YOU ???? ... THAT IS WEAK !!!!

lol
Blogging daily now at www.volume.zone
  • #156,790
  • Jan 29, 2009 9:46am Jan 29, 2009 9:46am
the reaction to breaking back thru the daily pivot looks weak ....

the s&p is drifting up but has not broken the down ward tl on 5 min. I think sell rallies for now if scalping and wait for 1 hour close under 14 wma on 60 min (127.80) for swing trade short.

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Blogging daily now at www.volume.zone
  • #156,791
  • Jan 29, 2009 9:47am Jan 29, 2009 9:47am
Quoting dialpips
for a 3rd test, do u think we might break the utl and achieve HH?

if we do, the pinbar formation on 4h would have been violated, don't u think?

The 4hr pin bar does give an indication of weakness, but it's bounced off a previous high, so it's validity is not as good as say an evening star into new highs.
  • #156,792
  • Jan 29, 2009 9:47am Jan 29, 2009 9:47am
Quoting fxinthesun
Made so much money that I closed my trade (30% of the account) 4%risk
How is that even possible on a 4% risk?
Dr. C
  • #156,793
  • Jan 29, 2009 9:51am Jan 29, 2009 9:51am
Quoting cvcamper
How is that even possible on a 4% risk?
20 pip stop 140 pip profit ..... assuming 20 pips is 4% risk on account

must have been large position and 20 pip stop in gj is nuts !!!!

one way to blow up an account.....I have 30 pip stops and that is only 1 % risk
Blogging daily now at www.volume.zone
  • #156,794
  • Jan 29, 2009 9:51am Jan 29, 2009 9:51am
that equates to 750 pips.....
  • #156,795
  • Jan 29, 2009 9:55am Jan 29, 2009 9:55am
Quoting cvcamper
How is that even possible on a 4% risk?
Say he/she risked 4% with a 100 pip stop loss and caught an 800 pip run, that's 32%! It can be done but takes some balls lol.

If you can lock in say 2 or 4% initially and have the belief just to move your stop loss up just below each pullback (reverse for shorts) it's a free trade.

Most mere mortals would of course see 5 or 10% and say thanks very much lol.

Kind Regards
Steve
  • #156,796
  • Jan 29, 2009 9:57am Jan 29, 2009 9:57am
Or any combination of the above
  • #156,797
  • Jan 29, 2009 9:59am Jan 29, 2009 9:59am
This is off-topic..but...
can anyone recommend a newbie book for first time investor into stock market?..shares, stock etc.

thanks ..baby
  • #156,798
  • Jan 29, 2009 10:03am Jan 29, 2009 10:03am
Quoting Big Bruv
This is off-topic..but...
can anyone recommend a newbie book for first time investor into stock market?..shares, stock etc.

thanks ..baby
Naked trader - Robbie Burns is quite good

John

  • #156,799
  • Jan 29, 2009 10:04am Jan 29, 2009 10:04am
Quoting mjolimer
Naked trader - Robbie Burns is quite good

John

  • #156,800
  • Jan 29, 2009 10:04am Jan 29, 2009 10:04am
The "Dummy" series is also good and very easy to read.
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