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

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

#177,081
May 13, 2009 11:15pm May 13, 2009 11:15pm

mima
| Membership Revoked | Joined May 2008 | 3,395 Posts

Quoting forexlion

Disliked

A very basic indicator which gives a view on whats going on on the current timeframe and the current candle.

Nothing to do with complex analysis, i use it purely to see the current price from across the room while moving around.

Ignored

You said you will not post indicators anymore...so what's happend that you broke your own word?

The Market pays you to be disciplined

#177,082
May 13, 2009 11:16pm May 13, 2009 11:16pm

pipsbull
Joined Sep 2008 | Status: happy | 735 Posts

Quoting malcolmb14

Disliked

there are many ways to skin a cat ...

and if your method works for , as it seems to , then why change it ?

Ignored

Hi there, Malcolm
How is Volume doing? I don't have those charts currently, but interesting to know...

#177,083
May 13, 2009 11:16pm May 13, 2009 11:16pm

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting mima

Disliked

You said you will not post indicators anymore...so what's happend that you broke your own word?

Ignored

if you enlarge the label of the current bid value then it does not become an indicator does it ??

#177,084
May 13, 2009 11:45pm May 13, 2009 11:45pm

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting forexlion

Disliked

on 15 min it is this blue line which is holding as current resistance, should it break, i will be forced to close my shorts.

Ignored

Quoting forexlion

Disliked

well i am out for now, too risky to continue the shorts.

Ignored

good to have closed out in time, it had become too risky

now with 15 min up, 30 min up and 1 hour up, where do we go.

but since 4 hour is down, i will not long, but wait to sell tops later.

#177,085
May 13, 2009 11:56pm May 13, 2009 11:56pm

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

last night around 1:00 am EST the drop started from 4800.....maybe we get lucky again see the same thing from around the 4500 area.....

stops now at 4500.....4300 or bust.

--post hoc ergo propter hoc--

#177,086
May 14, 2009 12:20am May 14, 2009 12:20am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

interesting activity on 5 min, do we see another drop ?

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#177,087
May 14, 2009 12:23am May 14, 2009 12:23am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

good mornin bro's..jor.will look at later when i ake fully 2-3hrs time,just a quick check on things..buyers seems to have found some little settlement aroun 143.77 and also sellers at 144.80..so that's a small mini-range to play for 110pips..as istated ystday,was'nt expecting an upmove over the night of more than 150-200pips...1 last thing,daily qqe just on the verge of crossing 50-line downwards,and alread has two bars below p-indicator..if it crosses,that a 800pips taker..back 2 bed,,see you guyz around

Imanuel Parsifal

#177,088
May 14, 2009 12:24am May 14, 2009 12:24am

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Quoting forexlion

Disliked

interesting activity on 5 min, do we see another drop ?

Ignored

out of curiousity....why didn't you exit your shorts on that first run up from 4400 area back towards 4500?

you exited on the second run up....but not the first time.

just wondering why

--post hoc ergo propter hoc--

#177,089
May 14, 2009 12:26am May 14, 2009 12:26am

boxingislife
Joined Jan 2006 | Status: gamblin wit style | 740 Posts

Quoting forexlion

Disliked

interesting activity on 5 min, do we see another drop ?

Ignored

too early
id wait for a retracement higher or a decent break lower

the break of the black fork will most likely give enough momentum to break the blue one and we go lower
in case blue doesnt go we range
then we either break lower or the unlikely scenario of breaking the red fork and closing above the blue middle line
then were off higher

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#177,090
May 14, 2009 12:28am May 14, 2009 12:28am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting Monk

Disliked

out of curiousity....why didn't you exit your shorts on that first run up from 4400 area back towards 4500?

you exited on the second run up....but not the first time.

just wondering why

Ignored

i am in GMT + 5:30 zone, so i get up around 8 AM which is GMT+3 approx

I took short on the first peak, and exit on the bottom, now took short again on the second peak here on 5 min.

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#177,091
May 14, 2009 12:31am May 14, 2009 12:31am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting boxingislife

Disliked

too early
id wait for a retracement higher or a decent break lower

the break of the black fork will most likely give enough momentum to break the blue one and we go lower
in case blue doesnt go we range
then we either break lower or the unlikely scenario of breaking the red fork and closing above the blue middle line
then were off higher

Ignored

yes, i can see that, guess i got itchy fingers, lol

#177,092
May 14, 2009 12:33am May 14, 2009 12:33am

grashid
| Commercial User | Joined Oct 2008 | 5,712 Posts

Quoting Monk

Disliked

out of curiousity....why didn't you exit your shorts on that first run up from 4400 area back towards 4500?

you exited on the second run up....but not the first time.

just wondering why

Ignored

he mean good for coffee break atm....and see back in London....

#177,093
May 14, 2009 12:35am May 14, 2009 12:35am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting PandoraBox

Disliked

..Why? Your target 118, I repeat again we won't see 118 , or lower then that till 1 Jan 2010.

Based on monthly chart, now we totally at bottom level.

If we could reach 118 within this year, I will donate all my weekly profit (start from 1 May till 14 May 2009, totall USD 2,343,350.16) to Nigeria Children Fund thru UNICEF.

Ignored

oh! bro,y! those unicef people.they don't need aid they are from the 3rd largest OPEC member state bro..oil!oil! money...but well since ur so kind,you could wire it to my swiss or dukoscopy acc...am sure to let it get to the less previlage(Food for Africa)

.....

Imanuel Parsifal

#177,094
May 14, 2009 12:38am May 14, 2009 12:38am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting forexlion

Disliked

yes, i can see that, guess i got itchy fingers, lol

Ignored

waiting to see how GJ reacts to the current 15 min T3 support, if it does not break, then i will close the shorts.

if it breaks then i will wait to see how the 30 min T3 reacts.

#177,095
May 14, 2009 12:41am May 14, 2009 12:41am

grashid
| Commercial User | Joined Oct 2008 | 5,712 Posts

Quoting boxingislife

Disliked

too early
id wait for a retracement higher or a decent break lower

the break of the black fork will most likely give enough momentum to break the blue one and we go lower
in case blue doesnt go we range
then we either break lower or the unlikely scenario of breaking the red fork and closing above the blue middle line
then were off higher

Ignored

as long as not break 144.80.....between 23.6% H1 fib and 50% daily fib..
Like mine am already short almost same TF with him @ 144.853...

145 look impossible..if yes we may seen 145.90/146 bouncing back between daily 50%-38.2% where the peak chould go @ 61.8% H1=146.432...

Since we are still in 100 pips top/bottom gap with adding by Daily just cross below gann...this is the area that we should short before late...

Anyway this is just my poor view....and see how London react

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#177,096
May 14, 2009 12:43am May 14, 2009 12:43am

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting forexlion

Disliked

interesting activity on 5 min, do we see another drop ?

Ignored

No i I think its just making a small handle for its cup... No drop till daily pivot at least,, 4 hr is OS..

Can some one recommend me an honest Broker.. CMSFX.. has been rippin me off left and right..orders not getting filled..stop losses getting hit 30 pips or more before... acoount balance showing less money... My charts..analysis ..disappearing from plat form.. every Sunday all my trend lines are screwed Up...uhhhh.

They are telling me its the problem from my End.. with brand new top of the line pc with 6 monitors.and computer is used strictly for trading...I cannot see any problem from my end...

guess i am makin too many pips ... they freeze my account..saying its bugged..

I cant handle this any more.. I dont have time to keep on installing their software.. really frustrated.. your help will be much appreciated

Markets are not Random, they are designed!

#177,097
May 14, 2009 12:44am May 14, 2009 12:44am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

According to Oil and Gas Journal (OGJ), Nigeria had an estimated 36.2 billion barrels of proven oil reserves as of January 2009. The majority of reserves are found along the country’s Niger River Delta and offshore in the Bight of Benin, the Gulf of Guinea and the Bight of Bonny. Current exploration activities are mostly focused in the deep and ultra-deep offshore with some activities planned in the Chad basin, located in the northeast of the country.

Nigeria is an important oil supplier to the United States. Over half of the country’s oil production is exported to the United States (see exports below) and the light, sweet quality crude is a preferred gasoline feedstock. Consequently, disruptions to Nigerian oil production impacts trading patterns and refinery operations in North America and often affect world oil market prices.

I repeat

Nigeria is an important oil supplier to the United States.

#177,098
May 14, 2009 12:46am May 14, 2009 12:46am

arezab
Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts

Hello everybody

I'm just posting a chart to show the power and accuracy of Fibonacci extension. After some powerful bounces off 146.40 (yellow line) as support, market breaches this level decisively and hits %138.2 fib ext first. %138.2 (144.90) shows some support but when it breaks %161.8 fib extension gets hit right to the pip and market stops there again.

Now I'm looking for further downside coz weekly stoch has just started to come out of OB state and also that bearish engulfing candlestick pattern shows huge seller's pressure to drive the price lot lower than this.

For short term period I'm waiting for 143.90 to break to add another short targeting 142.40 which is %200 fib ext. If there is any up move which is highly improbable, I don't expect price to pass any further than 146.40 max (previous support).

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