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

  • #160,361
  • Feb 13, 2009 8:26am Feb 13, 2009 8:26am
Quoting hadleyma
Just curious...What's your reasoning? Appears that the 131.30 area is going to hold...
That's a retracement on the 4hr chart, the first retracement off the high was 131, 129 after that but it didn't happen
Patience + Humility + Study = Success
  • #160,362
  • Feb 13, 2009 8:34am Feb 13, 2009 8:34am
Quoting malcolmb14
so we reatrce to 61.8% of the down move ....

a 500 pip move up off the lows in us session

seems the market does not like the bank rescue plan and I think senatae to vote on the stimulus today

thew 60 min looking toppy and we had that 200 pip down candle ( that alone worries me and looks to impulsive) , so getting some mixed signals



if the down trend is to continue as some are saying then we should see a move down today and the overnight high of 133.87 (61.8% fib reatrce ) should not be broken


Attachment
that 200 pip down draft ... could have been bear trap ... to impulsive

hit along 131.60 and scored 60 pip in 6 min.....this market is a little insane today
Blogging daily now at www.volume.zone
  • #160,363
  • Feb 13, 2009 8:35am Feb 13, 2009 8:35am
Market is moving way too fast. I think you'd better have a plan and execute it quickly as price could come and go in an instant. I'm still buying dip. Trend is up because price has broken above the 4H hour gann and 1H 50ema.
  • #160,364
  • Feb 13, 2009 8:42am Feb 13, 2009 8:42am
Quoting NathanSim
Tight SL though.. good opportunity. Handle your risk
Nice chart, but Metatrader does not have 10 minutes, how did u get that one?
  • #160,365
  • Feb 13, 2009 8:45am Feb 13, 2009 8:45am
noob question: would that be considered a pin bar on 15M and 30M indicating possible reversal?
  • #160,366
  • Feb 13, 2009 8:48am Feb 13, 2009 8:48am
However, price is under 1HR Gann and under 14 WMA at the moment and RSX is pointing down breaking 70 on the HR TF. So perhaps we are seeing the beginning of a down trend..... Going to wait for this 1HR candle to close ...


Quoting Pipsqueak
Market is moving way too fast. I think you'd better have a plan and execute it quickly as price could come and go in an instant. I'm still buying dip. Trend is up because price has broken above the 4H hour gann and 1H 50ema.
  • #160,367
  • Feb 13, 2009 8:49am Feb 13, 2009 8:49am
Quoting hadleyma
noob question: would that be considered a pin bar on 15M and 30M indicating possible reversal?
i would focus more on higher tf, but that's just me....
  • #160,368
  • Feb 13, 2009 8:51am Feb 13, 2009 8:51am
We have consumer confidence coming out in 5 minutes. G7 meeting is also today. Plus the Senate will likely vote on the stimulus package today. We could see some wild actions. Hang on to your pips.
  • #160,369
  • Feb 13, 2009 8:52am Feb 13, 2009 8:52am
Quoting CoolTrader77
Nice chart, but Metatrader does not have 10 minutes, how did u get that one?
http://codebase.mql4.com/277

download this indicator. drag it into 5min TF chart then
Go to File > Open Offline
then select 10min chart with Golden color highlighted.
No Magic, Just basic fundamental chart analysis
  • #160,370
  • Feb 13, 2009 8:55am Feb 13, 2009 8:55am
Quoting NathanSim
http://codebase.mql4.com/277

download this indicator. drag it into 5min TF chart then
Go to File > Open Offline
then select 10min chart with Golden color highlighted.
cool, thanks
  • #160,371
  • Feb 13, 2009 8:55am Feb 13, 2009 8:55am
open rnage gj tight


132.20 to 131.70

nice ... just waiting for breakout
Blogging daily now at www.volume.zone
  • #160,372
  • Feb 13, 2009 9:00am Feb 13, 2009 9:00am
15M closed above 50ema again. This is a sign of bullishness. So far the 15M 50ema has held up pretty well.
  • #160,373
  • Feb 13, 2009 9:11am Feb 13, 2009 9:11am
I see a nice pin bar with GU on H1 ... a pin bar high vol
Discipline + Patience - Fear - Greed = Success
  • #160,374
  • Feb 13, 2009 9:28am Feb 13, 2009 9:28am
Quoting Pipsqueak
15M closed above 50ema again. This is a sign of bullishness. So far the 15M 50ema has held up pretty well.
so many hurdles to theupside, 15m gann, 1h gann, trendlines, fib level, etc. hope we cross them if we have to further.
  • #160,375
  • Feb 13, 2009 9:29am Feb 13, 2009 9:29am
this is the kind of market we have today ... data feed from over 300 sources..

look at the indecision

I am long at the moment with stop set in profit....

the 200 pip down candle solid bear trap .....

I have daily fib level 132.55 / 133

GJ for now is above its open range high

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-251.png Size: 149 KB
Blogging daily now at www.volume.zone
  • #160,376
  • Feb 13, 2009 9:31am Feb 13, 2009 9:31am
Quoting arezab
I see a nice pin bar with GU on H1 ... a pin bar high vol
i presume this a call from a guru, i'll take it. hope not late already. whats ur 1st target pal?
  • #160,377
  • Feb 13, 2009 9:33am Feb 13, 2009 9:33am
Quoting malcolmb14
this is the kind of market we have today ... data feed from over 300 sources..

look at the indecision

I am long at the moment with stop set in profit....

the 200 pip down candle solid bear trap .....

I have daily fib level 132.55 / 133

GJ for now is above its open range high

Attachment

hit 133 target holding for 133.90 test
Blogging daily now at www.volume.zone
  • #160,378
  • Feb 13, 2009 9:33am Feb 13, 2009 9:33am
Quoting dialpips
i presume this a call from a guru, i'll take it. hope not late already. whats ur 1st target pal?
i'll rather wait for the flip of the 1h gann. more convinient i guess.
  • #160,379
  • Feb 13, 2009 9:42am Feb 13, 2009 9:42am
Quoting malcolmb14
hit 133 target holding for 133.90 test

stopped out .. had stop moved up to 1st target and had 50 pip down candle 3 min chart ... a little insane

have a great weekend everyone . I am done for today .
Blogging daily now at www.volume.zone
  • #160,380
  • Feb 13, 2009 9:42am Feb 13, 2009 9:42am
Quoting malcolmb14
hit 133 target holding for 133.90 test
hi malc., don't u hink a close above 1h gann could see us in the 135ish area. just my thought.

i hope to add if a close above 1h gann and a retrace 5sma if achieved.

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