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

  • #162,301
  • Feb 25, 2009 7:09am Feb 25, 2009 7:09am
Quoting PandoraBox
I need to agreed with karmo after I see bearish continuation pattern (Falling three method) at H1 TF. Good observation bro
pb. can you show me the falling three?
  • #162,302
  • Feb 25, 2009 7:10am Feb 25, 2009 7:10am
Wow. Crushed
Patience + Humility + Study = Success
  • #162,303
  • Feb 25, 2009 7:17am Feb 25, 2009 7:17am
BEAR party again, all the way down...
My edge ===> Patience
  • #162,304
  • Feb 25, 2009 7:19am Feb 25, 2009 7:19am
Quoting CoolTrader77
Those who went long at 138.70 got their head handed to them

lol u think
"Millionaires don't use astrology, billionaires do"
  • #162,305
  • Feb 25, 2009 7:22am Feb 25, 2009 7:22am
Added another small long at 138.21. Seeing bullish divergence on 15m.
  • #162,306
  • Feb 25, 2009 7:22am Feb 25, 2009 7:22am
Quoting CoolTrader77
Those who went long at 138.70 got their head handed to them
hope you enjoyed collecting my head.
  • #162,307
  • Feb 25, 2009 7:24am Feb 25, 2009 7:24am
Quoting karmostaji
QQE and Gann don't lie.
Are you sure Karmo ? but i think fundamentally this is a trap for shorters
what s your idea ?
  • #162,308
  • Feb 25, 2009 7:30am Feb 25, 2009 7:30am
think a fresh round of metal sellers gonna be stepping back into shorts again soon for a larger wave 3 south after this wave 2 completes 1h TF
"Millionaires don't use astrology, billionaires do"
  • #162,309
  • Feb 25, 2009 7:35am Feb 25, 2009 7:35am
sucker bounced right off of support around 137.50. At the end of the day, good old support/resistance still works. If I would went short, would of took profit around the red line.
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"Don't trade to trade . . . trade to win." - James16
  • #162,310
  • Feb 25, 2009 7:35am Feb 25, 2009 7:35am
Quoting Big Bruv
luck not needed just big balls.....baby

also added longs on retrace @ 140 and 139...if it gets to 138 i'll add again.....baby
added final lot @ 138...now will sit and enjoy the ride...

close below 135 will close out those trades....baby



still got my longs open from 127.50...

laters everyone off to see the wifey...baby

Don't forget these are long term trades with next tp @ 150 then 170.
  • #162,311
  • Feb 25, 2009 7:40am Feb 25, 2009 7:40am
Quoting Big Bruv
added final lot @ 138...now will sit and enjoy the ride...

close below 135 will close out those trades....baby



still got my longs open from 127.50...B

laters everyone off to see the wifey...baby

Don't forget these are long term trades with next tp @ 150 then 170.

Could we exchange bro..., I have 4 long position at 130.80.

Agree with you Long term trade is better but the swap rate eat our profit like a cancer

p/s: Sorry pk, I can't upload the attachment, problem with my attachment icon. Will upload later bro.
  • #162,312
  • Feb 25, 2009 7:43am Feb 25, 2009 7:43am
Quoting Big Bruv
added final lot @ 138...now will sit and enjoy the ride...

close below 135 will close out those trades....baby



still got my longs open from 127.50...

laters everyone off to see the wifey...baby

Don't forget these are long term trades with next tp @ 150 then 170.
u Maybe waiting a while or at least back down to your original position
"Millionaires don't use astrology, billionaires do"
  • #162,313
  • Feb 25, 2009 7:43am Feb 25, 2009 7:43am
Quoting OrionsWay
think a fresh round of metal sellers gonna be stepping back into shorts again soon for a larger wave 3 south after this wave 2 completes 1h TF
you thing the wave 2 is here mate? on 141,70.. possible.. if that is the case, we are Up to wave 3 with target lower then 127..
  • #162,314
  • Feb 25, 2009 7:51am Feb 25, 2009 7:51am
Quoting OrionsWay
think a fresh round of metal sellers gonna be stepping back into shorts again soon for a larger wave 3 south after this wave 2 completes 1h TF
nice 5 waves down so far.
  • #162,315
  • Feb 25, 2009 7:52am Feb 25, 2009 7:52am
Quoting pkimnyc
nice 5 waves down so far.

what tf nothing above 1hr
"Millionaires don't use astrology, billionaires do"
  • #162,316
  • Feb 25, 2009 7:52am Feb 25, 2009 7:52am
Quoting Piters
you thing the wave 2 is here mate? on 141,70.. possible.. if that is the case, we are Up to wave 3 with target lower then 127..
Hi Piters,
on 1Hr graphj there is a hammer on the lower bound of Bollinger Bounds, do you think it will get a bounce to 140 before continue to go lower?
  • #162,317
  • Feb 25, 2009 7:55am Feb 25, 2009 7:55am
Hi Marcb,

Sorry mate, litlle bit a late with the chart.. but just get in Ny session:

 

  1. after the break the NL of the H/S formation on daily YM [Dow] is falling and respect a nice channel.. (follow that chanel on daily.. and trade on lower TF)
  2. But on 15 minutes we broke the flag, and now we are testing the DS1..

Charts:

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  • #162,318
  • Feb 25, 2009 7:57am Feb 25, 2009 7:57am
Quoting OrionsWay
what tf nothing above 1hr
15 min
  • #162,319
  • Edited 8:07am Feb 25, 2009 8:03am | Edited 8:07am
That last few minutes sell off prevented the hourly being closed as a reversal pinbar. I guess it's safe to say 138.60 is broken. This is a key level as it is the 4H gann line. A close back above 139 and we will see the high again but I think it is highly unlikely now. Since 138.60 is broken, next major support is around 136.50 which is the bottom of the channel of this uptrend. I'm currently short to this level. Then will load up on longs at 136.50 for 141.74 and beyond.
  • #162,320
  • Feb 25, 2009 8:05am Feb 25, 2009 8:05am
Quoting marcb
Hi Piters,
on 1Hr graphj there is a hammer on the lower bound of Bollinger Bounds, do you think it will get a bounce to 140 before continue to go lower?
Yes, I believe that we are DUE to retest 50 ema on 5 min and 15 min.. What I am looking is the PA.. so far failed 2-3 times to test 5min 50 ema..

now DOW is on Daily S1, and GY is on Weekly R1.

Are we are testing 140 levels again soon, wow. dont know.. we have to see first testing the 5min and 15 min [50 emas] and look at the PA..

From the other hand, if we retrace now, and close above the 4H gann [mine is crossed, but not confrmed Yet], than is a clear signal that we Go up.. and probably retest 140 levels.. and more.

BUT if we close bellow that gann [bellow 138.50] in next 2H.. then we could have some retracement but less possioble up to 140 level..

my 2c
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