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

  • #163,341
  • Mar 2, 2009 5:29pm Mar 2, 2009 5:29pm
And the second culprit is this NN indicator which says, it might turn, considering the recent pull back on 1 hour, i chickened out of the shorts.
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  • #163,342
  • Mar 2, 2009 5:35pm Mar 2, 2009 5:35pm
I hope I am wrong, but I am not shorting here anymore.
  • #163,343
  • Mar 2, 2009 5:40pm Mar 2, 2009 5:40pm
Quoting forexlion
I hope I am wrong, but I am not shorting here anymore.
would be crazy to short it here. lol
right @ the lower tl?
  • #163,344
  • Mar 2, 2009 5:43pm Mar 2, 2009 5:43pm
good to see you had a nice nights sleep ....


i think a test of 135.5 and maybe 135 is due in the Asian session

15 min still looking weak
Blogging daily now at www.volume.zone
  • #163,345
  • Mar 2, 2009 5:55pm Mar 2, 2009 5:55pm
Quoting quecee5
typically yes. . . also watch what happen when 5 sma crosses gann on 1hr. typically its a 150-300 pip drop! Take a look for yourself - simple cross-over method.

once 5 sma crosses 55 ema it will be a bigger drop the 200/300 pip is a minimum drop!
Thanks. will start observing it.
  • #163,346
  • Mar 2, 2009 6:24pm Mar 2, 2009 6:24pm
looks like the three amigos are gunning for the dp before we go down again

but we'll have to watch pa around that area if we get there that is - as

expected futures are a few ticks up but im not really shocked about that and

doesn't mean much at this time - as i'm typing it looks like i might be

wrong though
  • #163,347
  • Mar 2, 2009 6:28pm Mar 2, 2009 6:28pm
Quoting cohiba pips
looks like the three amigos are gunning for the dp before we go down again

but we'll have to watch pa around that area if we get there that is - as

expected futures are a few ticks up but im not really shocked about that and

doesn't mean much at this time - as i'm typing it looks like i might be

wrong though
LOL that last spike looked wrong.
  • #163,348
  • Mar 2, 2009 6:30pm Mar 2, 2009 6:30pm
Thanks for you analysis....I was thinking also of looking for shorts up around the 137.50 area. However, I don't see much hope for GbpUsd. Looks like there is nothing much stopping this from hitting 1.2900. A few bumps maybe, but I don't see much hope right now

Quoting quecee5
I have posted a few chart so all I can say is this. . .

1) price looks to close below 4hr 55 ema
2) we now have 3 soild closes below 4hr gann
3) price looks to close yet again below DP

gu looks to be headed toward 1.37/38 area real soon
uj looking feeble and I look for it to test 96.20/30 area later 2nite.

where does that put gj well. . . I see 132 area easily which is about 500 pips lower. . . again I look to sell any rallies below 137.70 area with a TP @ 132 area.

regards. . .

2nite - i'll look to sell UJ as long as its below 97.80...
"Keep your eyes on the helpers" - Mr. Rogers
  • #163,349
  • Mar 2, 2009 6:32pm Mar 2, 2009 6:32pm
Quoting Eulogy
LOL that last spike looked wrong.
it surely was wrong

with daily still pointing up
4 hour confirmed down
1 hour down to sideways

things are wrong
  • #163,350
  • Mar 2, 2009 6:33pm Mar 2, 2009 6:33pm
Quoting cohiba pips
looks like the three amigos are gunning for the dp before we go down again

but we'll have to watch pa around that area if we get there that is - as

expected futures are a few ticks up but im not really shocked about that and

doesn't mean much at this time - as i'm typing it looks like i might be

wrong though

crazy market ..... one could get whipsawed to death in the asian session so far , rnage is 136 to 136.5 ... very nice for scalpers . RSX is keeping me out of trouble. We may break bottom of range this itme around. i still think test 135.5 is in order ...

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  • #163,351
  • Mar 2, 2009 6:34pm Mar 2, 2009 6:34pm
Quoting grashid
Thanks for you advice..as you are one of my 'master' too like Q,Karmo,Belekas, Dr G(long time never seen him), Piter and Forexlion and some others Sr member... I'll do that tomorrow as I tought am also newbies...so maybe my point is not usefull...Anyway point taken and will do that tomorrow...

P/S: Just too impress to share my record lol..after getting familiar with this Auslanco method since Oct last year..but I should not do that right..So appologize again to whom I may offenced...
well it depend on what type of trader you are which will dictate how many times you post your working chart. Like myself and others on this thread like piter, pkimnyc and orion and many others - we will post a chart that we will work from for days or weeks at a time so if you make a chart like that just refer to it or post it as your forcasted analysis materialize.

I'm still working from the same charts I posted from last week and plan to work from it until the end of the week or until I close the trade. If the trade I'm in is still in progress I will continue to post the same chart so newbies can compare when it was 1st posted until I close out that trade. . .

I think this will be helpful to newbies so they can see it come to fruition in real time. . .

It would also help if the newbies would print out the charts or try to duplicate that set-up or template so they can follow along as we make comments referring back to the chart. . .

just my 2 cents. . .
  • #163,352
  • Mar 2, 2009 6:38pm Mar 2, 2009 6:38pm
Quoting Eulogy
LOL that last spike looked wrong.
i know what you mean mate im just chilling out until there is some kind of retrace or we break the ltl on the 4 hr
  • #163,353
  • Mar 2, 2009 6:39pm Mar 2, 2009 6:39pm
Quoting forexlion
it surely was wrong

with daily still pointing up
4 hour confirmed down
1 hour down to sideways

things are wrong
My Stochs is showing the dailys pointing downwards coming down from OB territory
  • #163,354
  • Mar 2, 2009 6:46pm Mar 2, 2009 6:46pm
Hope this works

Short GJ with 134.50 TP
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  • #163,355
  • Mar 2, 2009 6:47pm Mar 2, 2009 6:47pm
[quote=malcolmb14;2574491]crazy market ..... one could get whipsawed to death in the asian session so far , rnage is 136 to 136.5 ... very nice for scalpers . RSX is keeping me out of trouble. We may break bottom of range this itme around. i still think test 135.5 is in order ...

i hear ya volume also seems to pick up around 136.20 area but looks

like they might have given up now - still learning every day
  • #163,356
  • Mar 2, 2009 6:48pm Mar 2, 2009 6:48pm
Quoting Eulogy
LOL that last spike looked wrong.
use viagra then
  • #163,357
  • Mar 2, 2009 6:48pm Mar 2, 2009 6:48pm
Quoting quecee5
well it depend on what type of trader you are which will dictate how many times you post your working chart. Like myself and others on this thread like piter, pkimnyc and orion and many others - we will post a chart that we will work from for days or weeks at a time so if you make a chart like that just refer to it or post it as your forcasted analysis materialize.

I'm still working from the same charts I posted from last week and plan to work from it until the end of the week or until I close the trade. If the trade I'm in is still in progress...
here is a chart I posted last week and here is that same chart today

http://www.forexfactory.com/attachme...0&d=1235736560

same trading plan and will probably work from it until my target is met then I will re-evaluate. . .

newbies should print out these type of charts and study them if they find them helpful. also study the reason behind the analysis and ask questions if you feel its helpful. many traders on this thread have been here a long time and have been taught by some of the best.
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  • #163,358
  • Mar 2, 2009 6:51pm Mar 2, 2009 6:51pm
Quoting forexlion
Hope this works

Short GJ with 134.50 TP
no wait for a break or bounce of the lower tl?

:o
  • #163,359
  • Mar 2, 2009 6:52pm Mar 2, 2009 6:52pm
Quoting forexlion
use viagra then
speaking from experience FXlion?

I'm prolly alot younger than you anyway....
  • #163,360
  • Mar 2, 2009 6:54pm Mar 2, 2009 6:54pm
Hi,
I've just noticed the monthly pivot is at 135.57. The place where price bounced today.
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