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

  • #169,481
  • Apr 6, 2009 6:47pm Apr 6, 2009 6:47pm
good demand it seems there, wont takem long to lap that up
"Millionaires don't use astrology, billionaires do"
  • #169,482
  • Apr 6, 2009 7:02pm Apr 6, 2009 7:02pm
Most of the time when it comes down, its travel time is a lot shorter .. fast and furious
  • #169,483
  • Apr 6, 2009 7:05pm Apr 6, 2009 7:05pm
New daily candle moms showing divergence. 1 candle mom pointing up and testing the 100 level.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy daily.gif Size: 20 KB
  • #169,484
  • Apr 6, 2009 7:08pm Apr 6, 2009 7:08pm
Quoting mktjong
Most of the time when it comes down, its travel time is a lot shorter .. fast and furious

definition of a correction, when there is no support gravity takes ahold
"Millionaires don't use astrology, billionaires do"
  • #169,485
  • Apr 6, 2009 7:09pm Apr 6, 2009 7:09pm
new 4 hour moms... 1 candle mom showing a retrace?
Attached Image (click to enlarge)
Click to Enlarge Name: geppy 4 hour.gif Size: 17 KB
  • #169,486
  • Apr 6, 2009 7:10pm Apr 6, 2009 7:10pm
Quoting OrionsWay
definition of a correction, when there is no support gravity takes ahold
and stop losses of newbies chasing the move up from from friday. LOL
  • #169,487
  • Apr 6, 2009 7:15pm Apr 6, 2009 7:15pm
Quoting ovaforty
and stop losses of newbies chasing the move up from from friday. LOL

hahaa yep forced orderflow LOL
"Millionaires don't use astrology, billionaires do"
  • #169,488
  • Apr 6, 2009 7:16pm Apr 6, 2009 7:16pm
Quoting ovaforty
and stop losses of newbies chasing the move up from from friday. LOL
shampoo may play out 1st before back up. . . 145/144. . .
  • #169,489
  • Apr 6, 2009 7:17pm Apr 6, 2009 7:17pm
1. H4 GJ , below Gann Hilo
2. Strong bearish candle at daily GJ.
3. GJ below EMA 50 at H1 TF.

We might see aggressive move to south during london and NY session.
  • #169,490
  • Apr 6, 2009 7:19pm Apr 6, 2009 7:19pm
Quoting PandoraBox
1. H4 GJ , below Gann Hilo
2. Strong bearish candle at daily GJ.
3. GJ below EMA 50 at H1 TF.

We might see aggressive move to south during london and NY session.
nice website
  • #169,491
  • Apr 6, 2009 7:25pm Apr 6, 2009 7:25pm
retrace and retest of the brown 55 sma breakout.....Moms told me before it happened.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy hourly.gif Size: 22 KB
  • #169,492
  • Apr 6, 2009 7:27pm Apr 6, 2009 7:27pm
Quoting ovaforty
retrace and retest of the brown 55 sma breakout.....Moms told me before it happened.
yep - right there on 1hr chart where 5sma just crossed 55 ema -
also stopped right there at daily 5sma as well. . . been significant support for the last couple weeks. . .
If it's taken then lower price is a given. . . I'm thinking 141 by london/ny. . .
  • #169,493
  • Apr 6, 2009 7:34pm Apr 6, 2009 7:34pm
Quoting quecee5
yep - right there on 1hr chart where 5sma just crossed 55 ema -
also stopped right there at daily 5sma as well. . . been significant support for the last couple weeks. . .
If it's taken then lower price is a given. . . I'm thinking 141 by london/ny. . .
You da MAN Q!

IF wave 3 equals 384 pips of wave 1, then the minimun downside target would be 145.41 or so.
  • #169,494
  • Apr 6, 2009 7:35pm Apr 6, 2009 7:35pm
my platform froze up, I was +200 pips, closed +155 pips

damn you FXDD ¬¬
  • #169,495
  • Edited 7:49pm Apr 6, 2009 7:38pm | Edited 7:49pm
Quoting Jack Herer
my platform froze up, I was +200 pips, closed +155 pips

damn you FXDD ¬¬
a seasoned trader places exit strategies when he opens the trade. That is insurance against what happened to you with freeze up. tp's and sl's in place from the beginning.
  • #169,496
  • Apr 6, 2009 7:40pm Apr 6, 2009 7:40pm
Quoting ovaforty
a seasoned trader places exit strategies when he opens the trade. That is insurance against what happened to you with freeze up. tp's and sl's in place from the brginning.
i dont believe in the fixed tp point, its better to watch and adjust accordingly.
I recommend you read something else as this sentence is now concluded.
  • #169,497
  • Apr 6, 2009 7:41pm Apr 6, 2009 7:41pm
Quoting ovaforty
a seasoned trader places exit strategies when he opens the trade. That is insurance against what happened to you with freeze up. tp's and sl's in place from the brginning.
of course

I had my stop at +100 already before it happened
  • #169,498
  • Edited 8:05pm Apr 6, 2009 7:48pm | Edited 8:05pm
Quoting Obaidah
i dont believe in the fixed tp point, its better to watch and adjust accordingly.
I use them because i am away from the pc a lot fishing or gardening.
  • #169,499
  • Apr 6, 2009 7:50pm Apr 6, 2009 7:50pm
Myself i am happy with 85%+ of a move, i have no desire to suck every last pip out of a trade.
"Millionaires don't use astrology, billionaires do"
  • #169,500
  • Apr 6, 2009 7:51pm Apr 6, 2009 7:51pm
I took profit at 147.00. I had two different short positions and both were in negative pips for like 4 hours and almost hit my SL which was at 149.50. So I closed one out with -15 pips (Im still a newbie, only been trading live for 3 months, so emotions still influence my decisions) and the other with a profit of 178. Im glad I took profit there because price retraced almost 100 pips. Now I'm going to wait until a couple of hours before london opens to see if I open another short position.

Do you guys still believe this correction will go down to 141.00 area or are you thinking it might not go that low?
On a journey to consistency.
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