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

  • #172,741
  • Edited 3:04am Apr 23, 2009 1:25am | Edited 3:04am
This beast has been a b1atch this month.
lol
Why do people only post a nice trending period chart?
  • #172,742
  • Apr 23, 2009 1:29am Apr 23, 2009 1:29am
I am much more relaxed playing with pretend money-

Even with just pennies it hampers your objectivity with real money because your mind wants to be right so badly-

-Working too long at fries my mind as well but it is hard to take breaks when you have real money-

On the other hand you don't make much with play money-
  • #172,743
  • Apr 23, 2009 1:40am Apr 23, 2009 1:40am
Quoting ukdaytrader
Just entered a long at 141.24. Small position for now. Will average in if we go 2-300 pips lower. (I will average in if we go higher too). If we fall heavy from 137, I will bail.

This move down smells BS to me. Everyone already knew the budget before it was announced, so this smacks of a speculators drop, and they are often 100% retraced.

This is a great buying op I think. We'll see.
OK, nearly 100% retrace from yesterdays dump session. Am holding long to see if we get momentum north....
  • #172,744
  • Apr 23, 2009 1:45am Apr 23, 2009 1:45am
Interesting PA. Went up and stopped at 143. Went down and got stopped at Daily channel. I'm confused.. dont know what stand to take after my longs got stopped out yesterday.
  • #172,745
  • Apr 23, 2009 1:47am Apr 23, 2009 1:47am
Quoting bidie
I am much more relaxed playing with pretend money-

Even with just pennies it hampers your objectivity with real money because your mind wants to be right so badly-

-Working too long at fries my mind as well but it is hard to take breaks when you have real money-

On the other hand you don't make much with play money-
Thats the rub...
  • #172,746
  • Apr 23, 2009 2:12am Apr 23, 2009 2:12am
143.5 looks good to sell..i have a trend line and supply imbalance in that area
Fear's for the other guy
  • #172,747
  • Apr 23, 2009 2:17am Apr 23, 2009 2:17am
Quoting rgitt05
Still have my long positions from 140.60..

The weekly TL is still holding..



http://www.forexfactory.com/showpost...stcount=172548

Buy dips bro...Friday or monday we will see 155
  • #172,748
  • Apr 23, 2009 2:17am Apr 23, 2009 2:17am
gu/ g/y breaking daily trendlines
Fear's for the other guy
  • #172,749
  • Apr 23, 2009 2:22am Apr 23, 2009 2:22am
Quoting PandoraBox
Buy dips bro...Friday or monday we will see 155
Happy to see someone else, (among the bears here), who can see a long too.

There is a utl at 143.40/50 which needs to break first though I think.
  • #172,750
  • Apr 23, 2009 2:28am Apr 23, 2009 2:28am
Quoting ukdaytrader
Happy to see someone else, (among the bears here), who can see a long too.

There is a utl at 143.40/50 which needs to break first though I think.
Don't worried bro, let them with their pola bear, our pola bear will start at 155.
  • #172,751
  • Apr 23, 2009 2:44am Apr 23, 2009 2:44am
Quoting yuhu
This beast has been a bitch this month.
lol
Just a word of warning ... I got a red star for saying that word on this forum .... just like being back at school!!!
  • #172,752
  • Apr 23, 2009 2:53am Apr 23, 2009 2:53am
come on bull.. leap over the fences
  • #172,753
  • Apr 23, 2009 2:54am Apr 23, 2009 2:54am
Quoting mrhurley1
gu/ g/y breaking daily trendlines
Hi,
which trendlins do you mean ?
To go up GY should cross two important trendlines first (see the chart).
Regards
Rem
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  • #172,754
  • Apr 23, 2009 3:42am Apr 23, 2009 3:42am
Closed long from 141.24. Reached utl, so I expect a bounce from 143.40 ish.
  • #172,755
  • Apr 23, 2009 3:47am Apr 23, 2009 3:47am
good morning

looking at weekly chart. and i remember about this time last year, most of us were shouting short,
we're at 200's levels. but had to face that weeklies have to reach 50 ema,
grab it and only then big fall.
so i would like to say that this jumping to 155. (or i would say 162 is possible)
may last for weeks, months, otherwise it might be never reached.
We could have another fall(or up) only on late summer.
good luck guys don't marry your shorts/longs in any direction price is going
  • #172,756
  • Apr 23, 2009 3:55am Apr 23, 2009 3:55am
Guys...something very usefull!!!

http://www.forextradingplus.com/indi...asc&start=1000

Help your self
Work smart not hard
  • #172,757
  • Apr 23, 2009 3:56am Apr 23, 2009 3:56am
Quoting ukdaytrader
Closed long from 141.24. Reached utl, so I expect a bounce from 143.40 ish.
i think will bounce up to 14561-14628-146.80 than sell
  • #172,758
  • Apr 23, 2009 4:01am Apr 23, 2009 4:01am
i am not an expert in Elliot waves, but this is what i see soo far

we finshed 5 waves in 4h chart

now we are in correction wave A

i dont know where it will stop may be it could stop either 143.60 or 145

if it stupid at 145 and went down may be they are trying to creat a head and shoulders

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  • #172,759
  • Apr 23, 2009 4:05am Apr 23, 2009 4:05am
Quoting gody6000
i think will bounce up to 14561-14628-146.80 than sell
check your pm plz
  • #172,760
  • Apr 23, 2009 4:14am Apr 23, 2009 4:14am
I lean toward a pullback somewhere between here and 143.50. There's a confluence of the 61.8% retrace fib (using yesterday's high / low) and the 4H Gann.
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