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

  • #157,821
  • Feb 3, 2009 8:16pm Feb 3, 2009 8:16pm
Quoting Bren0001
Help,
How do you post a chart as a thumbnail instead of as an attachment?

Thanks for the help..

B.
Save it as a JPG or GIF.
{Some Profound Statement goes here}
  • #157,822
  • Feb 3, 2009 8:18pm Feb 3, 2009 8:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj04-02-09-01.gif Size: 35 KB
  • #157,823
  • Edited 8:29pm Feb 3, 2009 8:18pm | Edited 8:29pm
Quoting Bren0001
Hello Piters,

Close. However I see it a wee bit different. What do you think?.....
I know what you are thinking.. I have the same one. look that from my perspective:

 

  1. upper TL is the same one from the last HI [135.90] area.
  2. we are retesting FIBO 618 area for third time
  3. I am not taking as breakout the last fall,
  4. the 126.60 area is still not taken..

so we are having 2 possible triangles: Descending with possible breakout to DOWNSIDE, and Symmetrical with break to the UP side...

Attached Image (click to enlarge)
Click to Enlarge Name: dds-34.png Size: 48 KB
  • #157,824
  • Feb 3, 2009 8:23pm Feb 3, 2009 8:23pm
  • #157,825
  • Feb 3, 2009 8:30pm Feb 3, 2009 8:30pm
Piters,

Yep, see what you mean.. Where is that coin to toss.

B.
  • #157,826
  • Feb 3, 2009 8:39pm Feb 3, 2009 8:39pm
Quoting im7i4z
are you OK bro ??
  • #157,827
  • Feb 3, 2009 8:42pm Feb 3, 2009 8:42pm
Quoting Piters
are you OK bro ??
lol
  • #157,828
  • Feb 3, 2009 8:54pm Feb 3, 2009 8:54pm
nah just bored so thought to poke on FF :-)
  • #157,829
  • Feb 3, 2009 8:57pm Feb 3, 2009 8:57pm
Quoting Piters
I know what you are thinking.. I have the same one. look that from my perspective:

  1. upper TL is the same one from the last HI [135.90] area.
  2. we are retesting FIBO 618 area for third time
  3. I am not taking as breakout the last fall,
  4. the 126.60 area is still not taken..

so we are having 2 possible triangles: Descending with possible breakout to DOWNSIDE, and Symmetrical with break to the UP side...

How about 126.60 gets taken out on the way back from 132xx--133xx area.. I see a major bullish diversion on 4Hr.. what do you think..
Markets are not Random, they are designed!
  • #157,830
  • Feb 3, 2009 9:01pm Feb 3, 2009 9:01pm
Quoting im7i4z
nah just bored so thought to poke on FF :-)
cool mate..
  • #157,831
  • Feb 3, 2009 9:07pm Feb 3, 2009 9:07pm
Quoting Raza
How about 126.60 gets taken out on the way back from 132xx--133xx area.. I see a major bullish diversion on 4Hr.. what do you think..

LOL, of course, can be done both ways..
just look @ my last chart... we are stuck between fibo 382 and fibo 618, also we are pushing the upper TL.

  1. reject or Break, it is only a time...

As I mentioned, we formed 2 types of triangles, which can be played both ways.. but important thing is that we are on very important level..

If we break that Upper one, next target is 130.15 and 132.20, and possibly 135.70 daily [50 ema]

If we break the 126.80 then new low, for sure..

but what I actualy trade for now is this:

Attached Image (click to enlarge)
Click to Enlarge Name: dds-37.png Size: 51 KB
  • #157,832
  • Feb 3, 2009 10:53pm Feb 3, 2009 10:53pm
HHmmmm

Everyone sleeping now?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #157,833
  • Edited 11:38pm Feb 3, 2009 11:26pm | Edited 11:38pm
GJ now has a confirmed long target of 130.18 with SL at 127.70
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 9 KB
  • #157,834
  • Feb 3, 2009 11:30pm Feb 3, 2009 11:30pm
Quoting forexlion
GJ now has a confirmed long target of 130.18 with SL at 127.70
nice SL, bro -> 250pips

let me do the math: to get 130.10 as a target from 129.10 ....hmmm

to get 100 pips you need 250 pips SL..

Good Job !
  • #157,835
  • Feb 3, 2009 11:34pm Feb 3, 2009 11:34pm
Quoting forexlion
GJ now has a confirmed long target of 130.18 with SL at 127.70
is that really the sl? 127.7?
  • #157,836
  • Feb 3, 2009 11:39pm Feb 3, 2009 11:39pm
Quoting Piters
nice SL, bro -> 250pips

let me do the math: to get 130.10 as a target from 129.10 ....hmmm

to get 100 pips you need 250 pips SL..

Good Job !
Actually SL is not required here, I keep that open
  • #157,837
  • Feb 3, 2009 11:41pm Feb 3, 2009 11:41pm
Quoting forexlion
Actually SL is not required here, I keep that open
Uhhhh. Much better.. Thanks bro
  • #157,838
  • Feb 3, 2009 11:41pm Feb 3, 2009 11:41pm
Quoting forexlion
GJ now has a confirmed long target of 130.18 with SL at 127.70
That doesn't seem to be a good R/R you're recommending there. FXlion, can you please explain the motivation for this call or was the SL a typo?
  • #157,839
  • Feb 3, 2009 11:46pm Feb 3, 2009 11:46pm
Quoting Eulogy
That doesn't seem to be a good R/R you're recommending there. FXlion, can you please explain the motivation for this call or was the SL a typo?
SL is entirely the wish of the trader on what he wants to keep it at.

Refer to this chart and decide what you would keep as SL

We have strong support at 128.94, so a good SL could be 30 pips below it.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 9 KB
  • #157,840
  • Feb 3, 2009 11:48pm Feb 3, 2009 11:48pm
But, GJ and also GU forms a sideway channels clearly seen in both 1H and 4H. And both are in the upper part of the channels. So, do you think it will go long or short ?
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