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

  • #177,961
  • May 18, 2009 6:13pm May 18, 2009 6:13pm
Quoting gl4di4t0r
i closed my long before, i was looking low for a long, what take this beasts with no retrace, long time not seen like this move
Just be patient. No point to chase the price, just put a pending order and shut down your pc . Really a dangerous time to short right now.
  • #177,962
  • May 18, 2009 6:25pm May 18, 2009 6:25pm
Quoting A-speculator
Just be patient. No point to chase the price, just put a pending order and shut down your pc . Really a dangerous time to short right now.
i've placed them about 3 hours right now, buy limit at 146.85 (23.6%), buy stop at 148.20.
do u have any open or pending?
Making money not by predicting just by following ...
  • #177,963
  • May 18, 2009 6:30pm May 18, 2009 6:30pm
oh yes, seems it's gonna to retrace to neck line about 146.xx area, come on i'm waiting
Making money not by predicting just by following ...
  • #177,964
  • May 18, 2009 6:31pm May 18, 2009 6:31pm
Quoting gl4di4t0r
i've placed them about 3 hours right now, buy limit at 146.85 (23.6%), buy stop at 148.20.
do u have any open or pending?
Yap, I have 3 open 143.98, 144.75 & 146.20. Always at the support. Anyway, I think your entry point is good but I just don't understand the idea of putting a buy stop order. You can always enter again even it pass 150, you know..
  • #177,965
  • May 18, 2009 6:38pm May 18, 2009 6:38pm
Quoting Estero
not saying all is well... but you got to ride the wave be flexible bro
i am flexible..bro,just that am a long term trader,i trade the daily,wkly and mthly...how was 2day bro...daily volume take point's available,comment's welcomed..am off to bed..a quick peep at asian till london session..good night guyz
Imanuel Parsifal
  • #177,966
  • May 18, 2009 6:46pm May 18, 2009 6:46pm
Quoting gl4di4t0r
oh yes, seems it's gonna to retrace to neck line about 146.xx area, come on i'm waiting
What neck line? What timeframe?
  • #177,967
  • May 18, 2009 6:50pm May 18, 2009 6:50pm
Quoting A-speculator
Yap, I have 3 open 143.98, 144.75 & 146.20. Always at the support. Anyway, I think your entry point is good but I just don't understand the idea of putting a buy stop order. You can always enter again even it pass 150, you know..

With the big banks paying back TARP money this rally (and bid for GY) can continue through till 2 hours in tomorrow's NY session. Volume on trade in this past NY session was thin.

150 is not unlikely at all...
  • #177,968
  • May 18, 2009 6:52pm May 18, 2009 6:52pm
Quoting gl4di4t0r
oh yes, seems it's gonna to retrace to neck line about 146.xx area, come on i'm waiting
Hey, don't be too eager to long. Please recheck on 4hr. If the candle closed engulfing, just be extra careful. Just a reminder.
  • #177,969
  • May 18, 2009 6:54pm May 18, 2009 6:54pm
Quoting sycho
i am flexible..bro,just that am a long term trader,i trade the daily,wkly and mthly...how was 2day bro...daily volume take point's available,comment's welcomed..am off to bed..a quick peep at asian till london session..good night guyz
I'm off today no trade open and last nite I was having a few drinks when I could've made a ton of pips looking back at my charts now... but no trading & drinking... I wish Icould trade the london open more often, but its middle of night for me you guys are lucky...
  • #177,970
  • May 18, 2009 7:00pm May 18, 2009 7:00pm
A special thanks to Obaidah for putting on the finishing touches on the rsi bar chart indicator. Version 2 is attached. This version will auto update as the bar develops.

Now, because it updates as the bar develops, when you draw trend lines, you will have to wait till the bar is completed to get an accurate high or low RSI bar.

On the Cable chart below, it looks like ranging or a bit of a drop may be in store, unless the rsi breaks the trend line convincingly. Note the bearish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
Attached File(s)
File Type: mq4 RSI BAR CHARTv2.mq4   6 KB | 494 downloads
  • #177,971
  • May 18, 2009 7:03pm May 18, 2009 7:03pm
Quoting A-speculator
Hey, don't be too eager to long. Please recheck on 4hr. If the candle closed engulfing, just be extra careful. Just a reminder.
yes that was the point , with this retrace we can say that is 61.8% retrace of bear, so may its a point where some one gonna to sell for lower, but i need conformation, i still believe that we are to go upper
Making money not by predicting just by following ...
  • #177,972
  • May 18, 2009 7:06pm May 18, 2009 7:06pm
Quoting gl4di4t0r
yes that was the point , with this retrace we can say that is 61.8% retrace of bear, so may its a point where some one gonna to sell for lower, but i need conformation, i still believe that we are to go upper
Yups, I agree with you that we can go upper. What I mean is, if it is engulf, perhaps you can get better price than 146.85.
  • #177,973
  • May 18, 2009 7:07pm May 18, 2009 7:07pm
Quoting PipChick
What neck line? What timeframe?
its what im saying , also can seen on 1H
Attached Image (click to enlarge)
Click to Enlarge Name: 6.gif Size: 43 KB
Making money not by predicting just by following ...
  • #177,974
  • May 18, 2009 7:15pm May 18, 2009 7:15pm
Quoting A-speculator
Yups, I agree with you that we can go upper. What I mean is, if it is engulf, perhaps you can get better price than 146.85.
the tragedy is that we may never ever get to that point, it's a damn upgoing wild market, do you see that, its testing higher and highers.
that's why i've placed stop
Making money not by predicting just by following ...
  • #177,975
  • May 18, 2009 7:19pm May 18, 2009 7:19pm
Quoting gl4di4t0r
the tragedy is that we may never ever get to that point, it's a damn upgoing wild market, do you see that, its testing higher and highers.
that's why i've placed stop
LOL. Just let it dance first. Well, it's still not a bad choice to reenter after confirm breakout @ 150, isn't it? Just calm down.
  • #177,976
  • May 18, 2009 7:20pm May 18, 2009 7:20pm
Quoting gl4di4t0r
the tragedy is that we may never ever get to that point, it's a damn upgoing wild market, do you see that, its testing higher and highers.
that's why i've placed stop
the strenght of this upmove is about to be tested soon arnd 148.5 lots of confluence lets see how she behaves
  • #177,977
  • May 18, 2009 7:22pm May 18, 2009 7:22pm
Quoting gl4di4t0r
the tragedy is that we may never ever get to that point, it's a damn upgoing wild market, do you see that, its testing higher and highers.
that's why i've placed stop

Yes - I tried to short at end of NY session on a demo (fortunately).

If volume is thin she is going to drift higher ....
  • #177,978
  • May 18, 2009 7:22pm May 18, 2009 7:22pm
what i see on daily is a nice bullish engulfing bar. the price can not close past the 50 ema (green line) this is bullish to me till we cross 50ema. this has potential going to 153.14-50 area by the week ends, which would be a confluence of weekly R2 and 200ema. i do not enter trades till i get confirmation by indicators and price action. i do not follow people that post entry levels i use my own analysis. i especialy dont take note of those that delete posts after it goes wrong
Attached Image (click to enlarge)
Click to Enlarge Name: gj daily 1.gif Size: 43 KB
  • #177,979
  • May 18, 2009 7:22pm May 18, 2009 7:22pm
i'm gonna too sleep, no more engulf candles,long time waiting for low, may my stop makes me some pips .
Making money not by predicting just by following ...
  • #177,980
  • May 18, 2009 7:24pm May 18, 2009 7:24pm
Quoting I like steak
Yes - I tried to short at end of NY session on a demo (fortunately).

If volume is thin she is going to drift higher ....

Not sure if you guys take note of EURGBP - but this can give good notice of momentum for GBP - and at end of NY session it had a nice pullback.
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