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

  • #161,981
  • Feb 24, 2009 4:40am Feb 24, 2009 4:40am
Quoting PandoraBox
Major resistance at the blue line. Break it ..GJ will fly to 148.

Seems like a reasonable view

BTW covered zulu trades accept L long 136.55
"Millionaires don't use astrology, billionaires do"
  • #161,982
  • Feb 24, 2009 4:48am Feb 24, 2009 4:48am
Quoting PandoraBox
Major resistance at the blue line. Break it ..GJ will fly to 148.
It's all Good bro, any breakout we trade..
  • #161,983
  • Feb 24, 2009 4:52am Feb 24, 2009 4:52am
Quoting OrionsWay
up coming resistance angles 4h
as well daily projections and supp angle
and big picture above
Hello Orionsway do you have an indicator which draws those diamonds on chart?

Do you mind to share it?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #161,984
  • Feb 24, 2009 4:52am Feb 24, 2009 4:52am
Quoting Piters
It's all Good bro, any breakout we trade..
Ya...
  • #161,985
  • Feb 24, 2009 4:58am Feb 24, 2009 4:58am
Quoting arezab
Hello Orionsway do you have an indicator which draws those diamonds on chart?

Do you mind to share it?

Thanks

No, it was constructed by hand, i wish i did though, take a little bit of time to do it, sorry bud
"Millionaires don't use astrology, billionaires do"
  • #161,986
  • Feb 24, 2009 5:02am Feb 24, 2009 5:02am
Quoting OrionsWay
No, it was constructed by hand, i wish i did though, take a little bit of time to do it, sorry bud
Ok .. then we have to ask GodfreyH to write the code

Anyway, thanks mate
Discipline + Patience - Fear - Greed = Success
  • #161,987
  • Feb 24, 2009 5:09am Feb 24, 2009 5:09am
Quoting arezab
Ok .. then we have to ask GodfreyH to write the code

Anyway, thanks mate
its called a Metatron's cube not fully complete but done enough for these purposes, Its the universal master sacred Geometry for space time
"Millionaires don't use astrology, billionaires do"
  • #161,988
  • Feb 24, 2009 5:12am Feb 24, 2009 5:12am
Quoting arezab
Ok .. then we have to ask GodfreyH to write the code

Anyway, thanks mate
I have it, lemme search a bit.

But try this for starters, got it off the net.
Attached File(s)
File Type: mq4 month.mq4   38 KB | 299 downloads
  • #161,989
  • Feb 24, 2009 5:21am Feb 24, 2009 5:21am
seems we broke that rising wedge on the 5min charts to the upside and are currently re testing the UTL....
  • #161,990
  • Feb 24, 2009 5:30am Feb 24, 2009 5:30am
Quoting cancunkev
seems we broke that rising wedge on the 5min charts to the upside and are currently re testing the UTL....
seems you gained a wisdom tooth too

yes we broke the monthly fib expansion level of 38.2%, [138.84] which should now become our support for the next level or 141.52
  • #161,991
  • Feb 24, 2009 5:30am Feb 24, 2009 5:30am
US consumer confidence in 3.5 hours and helicopter Ben speaking.

I would not be betting the farm on long today.

I will look to buy on any potential dip. For now I am flat.
  • #161,992
  • Feb 24, 2009 5:40am Feb 24, 2009 5:40am
So only me is short biased today ?
  • #161,993
  • Edited 5:52am Feb 24, 2009 5:41am | Edited 5:52am
Quoting ukdaytrader
US consumer confidence in 3.5 hours and helicopter Ben speaking.

I would not be betting the farm on long today.

I will look to buy on any potential dip. For now I am flat.
Exactly, the breakout was a NEWS driven. There must be a reason WHY Market is not BUying.. that is not real Breakout, we need the Bulls to step in and rally the market.. Still we are in some retracement mode, we have to see how GY is plaing on testing 50Ema.. [5min and 15min]

So far, we are heading down to the lower Wedge line..
  • #161,994
  • Feb 24, 2009 5:43am Feb 24, 2009 5:43am
don't worry i am not betting the farm...

just my first, second, and third mortages, my first 2 wives, 3 kids, 4 stepkids, my 8 track collection, and a mint 1986 dodge dart...

so whatever, if if goes up great, if not....no big deal
  • #161,995
  • Feb 24, 2009 5:43am Feb 24, 2009 5:43am
Quoting 5ysfx
So only me is short biased today ?

I will cover, but wont short after todays last gasp rally, where i will look to buy again from tomorrow low's on the Buy Day
i would like to buy sterling around 4400 maybe if possible
"Millionaires don't use astrology, billionaires do"
  • #161,996
  • Feb 24, 2009 5:50am Feb 24, 2009 5:50am
I see a big bull flag on GU 1h chart, a 1h candle close above 1.4550 and GU shall join the bull party.

This is my view and I could be wrong badly.
Trade what you see, not what you think.
  • #161,997
  • Feb 24, 2009 5:50am Feb 24, 2009 5:50am
Quoting OrionsWay
I will cover, but wont short after todays last gasp rally, where i will look to buy again from tomorrow low's on the Buy Day
i would like to buy sterling around 4400 maybe if possible
Thanks

Falling wedge has not been completed yet JMHO
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  • #161,998
  • Feb 24, 2009 6:08am Feb 24, 2009 6:08am
a hi volume fade on 1h geppy, we wont be going too much further near term north
"Millionaires don't use astrology, billionaires do"
  • #161,999
  • Feb 24, 2009 6:19am Feb 24, 2009 6:19am
trying small short here with tight stop
I recommend you read something else as this sentence is now concluded.
  • #162,000
  • Feb 24, 2009 6:26am Feb 24, 2009 6:26am
Attention:

 

  1. We broke a major, I repeat a major resistance zone, which is now a major support at 138.84.
  2. I am all out for 141.52 first and then 144.20

If you short here then say your prayers first to each of the 300,000 Indian gods and goddesses.

I have been discussing this trade since yesterday, right from where we began the trade @ 136.67 major support.

Avoid shorts unless you know what you are doing.

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