Seems to me that we have a perfect Aus 1hr/4hr long that has broken out of a fairly strong trendline/bear flag...
4hr fibs show a 75% retrace to 150.05...thoughts anyone?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #170,961
- Apr 15, 2009 9:20am Apr 15, 2009 9:20am
- #170,963
- Apr 15, 2009 9:26am Apr 15, 2009 9:26am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
here is a link of what i mean
http://www.akmos.com/forex/usdx/
- #170,964
- Apr 15, 2009 9:29am Apr 15, 2009 9:29am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Geppy really proved that 146 area was a big demand area .. Malcolmb was right 
- #170,966
- Apr 15, 2009 9:31am Apr 15, 2009 9:31am
I am a little nervous of this range... not going long til a good breakout.. short might be better.
TULKAS
- #170,968
- Apr 15, 2009 9:39am Apr 15, 2009 9:39am
Myke, you seem to trade the Aus trade pretty strict. Have you noticed how often price on the 1hr retraces to a 5sma? I have been entering then and have been doing very well...
For me I have not paid attention lately to the 5 SMA... I had too many indicators for awhile and am now trying to simplify my charts. Paying attention to PA, Trend lines, and QQE and GANN. and Still trying to learn how to scalp at times. 
- #170,969
- Apr 15, 2009 9:41am Apr 15, 2009 9:41am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
hey everyone!
- #170,972
- Apr 15, 2009 9:57am Apr 15, 2009 9:57am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
Has anyone been in the G/CHF today? Lovely ride up for 200 pips. Better than GB/JP whihc has slaughtered me today.
yeah baby..i have been riding that sucker from 1.6940..and this baby is going all the way to 1.7670 @ least my first stop...baby
- #170,973
- Apr 15, 2009 10:01am Apr 15, 2009 10:01am
yeah baby..i have been riding that sucker from 1.6940..and this baby is going all the way to 1.7670 @ least my first stop...baby
- #170,975
- Apr 15, 2009 10:10am Apr 15, 2009 10:10am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
I know yiou are a longer tierm trader - how long do you thinkit will take to get to that level?
but there's a high probability this should be done by this weekend.I am quite happy to sit on it coz i have two other TP's.
TP1=1.7559/1.7670 area
TP2= 1.8460
TP3= 1.9920 (if weekly close above TP2 level.)
- #170,976
- Apr 15, 2009 10:13am Apr 15, 2009 10:13am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #170,978
- Apr 15, 2009 10:19am Apr 15, 2009 10:19am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Yea for sure man...not looking to bet the bank but once we start rolling this could be big..i may look to put on a small long term position in the next week or so
; if that's happend, a lot of brokers are going to close... [with your accounts] ..lolThat is why BULL market is BETTER for us, then BEAR one.. [account friendly
]
- #170,979
- Apr 15, 2009 10:20am Apr 15, 2009 10:20am
BRO very interesting POST - Article; Let me tell you sometihing.
This could be REAL, maybe you remember one chart Im showing arround [weekly GBPJPPY]
All techincals are SET for something like that, I was expecting still we go Up to touch 155.50 where weekly resistance and Trenl Line is.
Another aspect is my stochastic on weekly: whenever they Flip on weekly chart over 80 level; the drop is:
- July 2007 = 3000p [1]
- Oct 2007 = 5000p [2]
- Aug 2008 = 9000p [3]
- Apr 2009 = ???? [4]
I am expecting at least retest the LOW, or...
, if you know what I'm saying!
- #170,980
- Apr 15, 2009 10:23am Apr 15, 2009 10:23am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Bro, well......, according to the above the next drop is 15000
huh, you may call me crazy, but that is on Charts bro..
well.. as one of my trading Buddies said: you have to see the move before happend.. lol
[cheers Clif]