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

  • #178,121
  • May 19, 2009 12:17pm May 19, 2009 12:17pm
Quoting sycho
Bro..am still shorting from 150.12 until price action takes out my +10pips sl...i still believe if we wre to make a reall retracment,it wont breeze pass area that took us weeks to pass,in just one day..just my 2cent..we are in a 130pips range...149.45-148.08..hope your not cut in any cross fire...
Yeah, you are right. Unless something extra ordinary happen, it cannot be taken out in one day move. Anyway, yes there are now exhausted pattern in 1 hr & 4hr. I think fellow scalpers can take advantage of it, just proceed with caution. Anyway, to me it still looks like a bull flag in 1 hr unless valid breakout 147.85.
  • #178,122
  • May 19, 2009 12:24pm May 19, 2009 12:24pm
Honestly, I'm still long biased. It looks like it can be a reversed h/s. Especially if it stays above the daily gann line.
  • #178,123
  • May 19, 2009 12:33pm May 19, 2009 12:33pm
Quoting sycho
Bro..am still shorting from 150.12 until price action takes out my +10pips sl...i still believe if we wre to make a reall retracment,it wont breeze pass area that took us weeks to pass,in just one day..just my 2cent..we are in a 130pips range...149.45-148.08..hope your not cut in any cross fire...
Bro, I'm on the same fly, I mean, big TF's are the key, I only search for big TF's: Monthly, Weekly and Daily to take a position, I'm short biased for now, look @Monthly candle on Geppy:

Attached Image (click to enlarge)
Click to Enlarge Name: gjm.gif Size: 25 KB


Besides, I see a lower highs from past candle:

Attached Image (click to enlarge)
Click to Enlarge Name: gjm1.gif Size: 18 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,124
  • May 19, 2009 12:34pm May 19, 2009 12:34pm
Quoting sycho
Bro..am still shorting from 150.12 until price action takes out my +10pips sl...i still believe if we wre to make a reall retracment,it wont breeze pass area that took us weeks to pass,in just one day..just my 2cent..we are in a 130pips range...149.45-148.08..hope your not cut in any cross fire...

Good luck with your journey mate. My daily still bullish till further notice.
  • #178,125
  • May 19, 2009 12:34pm May 19, 2009 12:34pm
Quoting malcolmb14
chilling at parents house , just outside London. i have some down time between visiting family and friends thought i would spend 3 hours making some $$$$

seems like sell the rallies is way to go for now unless 149.50 taken out
north east of london is it? you might be next door to me lol
  • #178,126
  • May 19, 2009 12:36pm May 19, 2009 12:36pm
Quoting sycho
Bro..am still shorting from 150.12 until price action takes out my +10pips sl...i still believe if we wre to make a reall retracment,it wont breeze pass area that took us weeks to pass,in just one day..just my 2cent..we are in a 130pips range...149.45-148.08..hope your not cut in any cross fire...
lol you are saying you were 700 pips up....and have so far given back 600 of them at the moment lol
  • #178,127
  • May 19, 2009 12:59pm May 19, 2009 12:59pm
Quoting ewokuk
north east of london is it? you might be next door to me lol
Where are you? I am Amersham (NW of london)
  • #178,128
  • May 19, 2009 1:00pm May 19, 2009 1:00pm
Tricky Triangle..( Coiling triangle pattern).

We may have seen the High. If we look back in March that was a text book triangle that provides an expected outcome when the prio rally continues.(Bullish patter).

Now what about the triangle that is forming now(May).This one is tricky.it sure looks like a coiling triangle pattern, but it is a triangle coming from the prior rally that will lead to new HIGHS, or is it a triangle thatformed after the market declined from the high the first time?.

Triangle always have 5 swings.This is a bearish triangle.and majority of us would trade this with expectaion that it would have the same resolution as in MARCH.

Bias is short until last High gets taken out., i.e... above 152xx.. until then sell Rallies.
Attached Image (click to enlarge)
Click to Enlarge Name: coiling triangle.jpg Size: 195 KB
Markets are not Random, they are designed!
  • #178,129
  • May 19, 2009 1:02pm May 19, 2009 1:02pm
Quoting gillybabe
Where are you? I am Amersham (NW of london)
just between london and essex
  • #178,130
  • May 19, 2009 1:05pm May 19, 2009 1:05pm
Quoting Raza
Tricky Triangle..( Coiling triangle pattern).

We may have seen the High. If we look back in March that was a text book triangle that provides an expected outcome when the prio rally continues.(Bullish patter).

Now what about the triangle that is forming now(May).This one is tricky.it sure looks like a coiling triangle pattern, but it is a triangle coming from the prior rally that will lead to new HIGHS, or is it a triangle thatformed after the market declined from the high the first time?.

Triangle always have 5 swings.This is a bearish triangle.and...


Here is chart with triangle from MARCH.

Trade your charts.
Attached Image (click to enlarge)
Click to Enlarge Name: coiling triangles.jpg Size: 196 KB
Markets are not Random, they are designed!
  • #178,131
  • May 19, 2009 1:06pm May 19, 2009 1:06pm
Quoting PandoraBox
Good luck with your journey mate. My daily still bullish till further notice.
hahhah..let see how we go bro...am enjoying some live chart sharing here for free.. maximum 20people at a time..link out in 5min
Imanuel Parsifal
  • #178,132
  • May 19, 2009 1:08pm May 19, 2009 1:08pm
Quoting Raza
Tricky Triangle..( Coiling triangle pattern).

We may have seen the High. If we look back in March that was a text book triangle that provides an expected outcome when the prio rally continues.(Bullish patter).

Now what about the triangle that is forming now(May).This one is tricky.it sure looks like a coiling triangle pattern, but it is a triangle coming from the prior rally that will lead to new HIGHS, or is it a triangle thatformed after the market declined from the high the first time?.

Triangle always have 5 swings.This is a bearish triangle.and majority of us would trade this with expectaion that it would have the same resolution as in MARCH.

Bias is short until last High gets taken out., i.e... above 152xx.. until then sell Rallies.
Is this bravery or stupidity? Just joking my friend..
  • #178,133
  • May 19, 2009 1:22pm May 19, 2009 1:22pm
Sycho, I must say this: I salute for your bravery to short in the middle of a mid-term uptrend. You're the man!
  • #178,134
  • May 19, 2009 1:30pm May 19, 2009 1:30pm
Quoting A-speculator
Sycho, I must say this: I salute for your bravery to short in the middle of a mid-term uptrend. You're the man!
  • #178,135
  • May 19, 2009 1:32pm May 19, 2009 1:32pm
Really hope price can get to 147.85. I would like to see PA at that price but.. seems like impossible right now based on current momentum & acceleration on 1hr & 4hr not to mention if 1hr closed above 149..
  • #178,136
  • May 19, 2009 1:32pm May 19, 2009 1:32pm
Quoting JhonMonsalve
Bro, I'm on the same fly, I mean, big TF's are the key, I only search for big TF's: Monthly, Weekly and Daily to take a position, I'm short biased for now, look @Monthly candle on Geppy:

Attachment

Besides, I see a lower highs from past candle:

Attachment
-Am finding the monthly weekly are seeping into my preferred style as well-
-It is exciting to play shorter time frames but keep getting snagged and bagged----

Monthly pressure has been up from what I see-
  • #178,137
  • May 19, 2009 1:55pm May 19, 2009 1:55pm
Quoting A-speculator
Sycho, I must say this: I salute for your bravery to short in the middle of a mid-term uptrend. You're the man!
nope bro..i was shorting ince 150.12..and i follow my plan setup..if you read through my post's you will see how we developed as the move went on..also check here we are live now.. http://vyew.com/room#/820381
Imanuel Parsifal
  • #178,138
  • May 19, 2009 1:55pm May 19, 2009 1:55pm
Quoting bidie
-Am finding the monthly weekly are seeping into my preferred style as well-
-It is exciting to play shorter time frames but keep getting snagged and bagged----

Monthly pressure has been up from what I see-
So, What's your analysis? , if you don't mind share with us.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,139
  • May 19, 2009 2:05pm May 19, 2009 2:05pm
Quoting sycho
nope bro..i was shorting ince 150.12..and i follow my plan setup..if you read through my post's you will see how we developed as the move went on..also check here we are live now.. http://vyew.com/room#/820381
Yeah, I agreed if you call on short for the past 2 weeks. I also shorted this pair. However, can't you see things have changed on the higher time frame. I'm afraid you decision has been clouded by your ego and your bias. Please do not trade with your emotion my friend.
  • #178,140
  • May 19, 2009 2:22pm May 19, 2009 2:22pm
Quoting A-speculator
Yeah, I agreed if you call on short for the past 2 weeks. I also shorted this pair. However, can't you see things have changed on the higher time frame. I'm afraid you decision has been clouded by your ego and your bias. Please do not trade with your emotion my friend.
***UKdaytrader, gets popcorn, sits down, waits for the show***


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