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

  • #162,821
  • Feb 27, 2009 9:17am Feb 27, 2009 9:17am
Quoting PracticalPip
Just shorted 140.00, planning to hold through the weekend. I'm seeing same thing as you Quecee.
sl should be above 141.70.

would need to scale out shorts if trading on short side for this trade.

planning out proper mm would be the key for this trade, just in case.
  • #162,822
  • Feb 27, 2009 9:17am Feb 27, 2009 9:17am
Quoting quecee5
zerolag ahhhh, those days, those days. . .

it's a bit of both not having time to sit in front of the computer all day and the market started becoming to volatile - sure receipe for blowing accounts if u don't have a Malcom startegy in place. . . I still use ltf's to monitor PA but mainly for entry or a occassional scalp. . .

i agree that it will take a long time for this to play out. however, i'm also looking at the other side of the coin as well. . . meaning if we don't see a break of 133.50. . . - lets just say 155 will be a target. . ....
Discipline + Patience - Fear - Greed = Success
  • #162,823
  • Feb 27, 2009 9:19am Feb 27, 2009 9:19am
Quoting pkimnyc
i'm with you on this q.

the up spike was expected.


Fairly large spike to expect isnt it
"Millionaires don't use astrology, billionaires do"
  • #162,824
  • Feb 27, 2009 9:24am Feb 27, 2009 9:24am
Quoting pkimnyc
i'm with you on this q.

the up spike was expected.

  • #162,825
  • Feb 27, 2009 9:25am Feb 27, 2009 9:25am
Quoting OrionsWay
Fairly large spike to expect isnt it
just means this down move is going to be a choppy ride down on this next wave. . . will frustrate many. . .
  • #162,826
  • Feb 27, 2009 9:31am Feb 27, 2009 9:31am
Quoting quecee5
just means this down move is going to be a choppy ride down on this next wave. . . will frustrate many. . .

or maybe the shorts when they figure out it was really just a wave 4 abc correction that has bottomed out and projects to 146-55 area..

Like anything time tells all

for me who cares which way, when it no longer works i'll change but for those that cant see it happening YIKES

i think we just finished wave 4 of 3 of 3 of 3 on 1h
"Millionaires don't use astrology, billionaires do"
  • #162,827
  • Feb 27, 2009 9:37am Feb 27, 2009 9:37am
Quoting OrionsWay
or maybe the shorts when they figure out it was really just a wave 4 abc correction that has bottomed out and projects to 146-55 area..

Like anything time tells all

for me who cares which way, when it no longer works i'll change but for those that cant see it happening YIKES

i think we just finished wave 4 of 3 of 3 of 3 on 1h
lol!

yep - agreed only time will tell could go either way!
  • #162,828
  • Feb 27, 2009 9:42am Feb 27, 2009 9:42am
Quoting quecee5
lol!

yep - agreed only time will tell could go either way!

yea anyones guess
"Millionaires don't use astrology, billionaires do"
  • #162,829
  • Feb 27, 2009 9:43am Feb 27, 2009 9:43am
1. May seen back to S1=138.88
2. Then S2=138.08
3. Then Market close and open gap ~ S3=136.80 to 137 level...

Am maybe wrong..but still referring to my D1 chart lor

See what
  • #162,830
  • Feb 27, 2009 10:02am Feb 27, 2009 10:02am
Huge bull trap here... lower MACD with this new high on 5min confirms bearish divergence. Could be last good opportunity for some great shorts.
  • #162,831
  • Feb 27, 2009 10:11am Feb 27, 2009 10:11am
Quoting OrionsWay
Fairly large spike to expect isnt it
yep
  • #162,832
  • Feb 27, 2009 10:12am Feb 27, 2009 10:12am
Quoting quecee5
  • #162,833
  • Feb 27, 2009 10:17am Feb 27, 2009 10:17am
Quoting arezab

... Right now I'm long cable off 1.4130 sl at b/e, let's see what happens. Fridays can be very bullish after a sharp bounce up. They may drive this thing up (GJ) to 141.50 this very day before market closes.
Quoting arezab
... +110 pips banked with GU for half of the position, rest at +50
Closing the other half of my long with GU from 1.4130 for another +210

Today only GU gave me +320 green pips
Discipline + Patience - Fear - Greed = Success
  • #162,834
  • Feb 27, 2009 10:19am Feb 27, 2009 10:19am
Quoting PracticalPip
Huge bull trap here... lower MACD with this new high on 5min confirms bearish divergence. Could be last good opportunity for some great shorts.
nice call
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #162,835
  • Feb 27, 2009 10:19am Feb 27, 2009 10:19am
[quote=arezab;2569611]Closing the other half of my long with GU from 1.4130 for another +210

Today only GU gave me +320 green pips [/quoteni

nice job Arez
"Millionaires don't use astrology, billionaires do"
  • #162,836
  • Feb 27, 2009 10:26am Feb 27, 2009 10:26am
Also, check out this simple, yet very significant GBP/USD 4 hour chart. Can you say REJECTED??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4h.JPG Size: 57 KB
  • #162,837
  • Feb 27, 2009 10:29am Feb 27, 2009 10:29am
it sure did reject a new low break out like the plague
"Millionaires don't use astrology, billionaires do"
  • #162,838
  • Feb 27, 2009 10:32am Feb 27, 2009 10:32am
can somebody post a pivot point indicator ,cant find it
  • #162,839
  • Feb 27, 2009 10:39am Feb 27, 2009 10:39am
[quote=OrionsWay;2569617]
Quoting arezab
Closing the other half of my long with GU from 1.4130 for another +210

Today only GU gave me +320 green pips [/quoteni

nice job Arez
Thanks mate. I hope everybody made some pips from this nice market today.

The toughest pair to trade was GBPCHF today; with two fast moves which could easily put positions in red fast. I was on in that range period today and lost -44 pips so I shifted to trade GJ, GU and EU ... I trade only these 4 pairs.
Discipline + Patience - Fear - Greed = Success
  • #162,840
  • Feb 27, 2009 10:49am Feb 27, 2009 10:49am
Quoting sometospend
can somebody post a pivot point indicator ,cant find it
http://www.forexfactory.com/attachme...02009%201:38pm
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