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

  • #189,501
  • Aug 18, 2009 11:11am Aug 18, 2009 11:11am
All patterns happen today !! Triangle and now reversal Head and shoulders! No regular market this day: bad news, and it's growing instead down ! pfffffffffff
If you resist at heart attack, you will be rich from trading.
  • #189,502
  • Aug 18, 2009 11:15am Aug 18, 2009 11:15am
Quoting Cdawg
Strong bounce off the longterm lower trend line.. last time she touched it, was a 1500 pip uprun.. I don't think we see lows untill september so, I believe we are going to 167ish...

Long from 154.16...

Let see how she plays out..
  • #189,503
  • Aug 18, 2009 11:18am Aug 18, 2009 11:18am
Quoting Ilovefx
All patterns happen today !! Triangle and now reversal Head and shoulders! No regular market this day: bad news, and it's growing instead down ! pfffffffffff
Ah is there any other kind of news these days other than bad news??? governements want to make the world buy into the hype that thier plans are working to turn the economy around.. Big money is controlling the market, and I think they will wait a while longer to pull the rug out.. till then.. up up up
  • #189,504
  • Aug 18, 2009 11:18am Aug 18, 2009 11:18am
Quoting onewish
Hello mate

Hello bro
  • #189,505
  • Aug 18, 2009 11:19am Aug 18, 2009 11:19am
profile of the last h4 swing. strongest resistance is @ 158 area, and that's where g-j is heading. if cleared, then sky's the limit. if not, then we'll see 156.50 area again.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_h1.gif Size: 31 KB
Nihil Sine Deo.
  • #189,506
  • Aug 18, 2009 11:20am Aug 18, 2009 11:20am
you are trading for yourself, so stick to ur plan and trade it....
157 first key level then i see how asia will play out....
trend is your friend.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-18-2009 2-57-43 PM.png Size: 22 KB
MY OPINION NOT FINANCIAL ADVISE
  • #189,507
  • Aug 18, 2009 11:23am Aug 18, 2009 11:23am
lucky i whipped my stop under that short quick, got out at BE just before it went up

queeceeee you are not trading at all until shorting around 158? dont you feel you are missing a lot of pips on the long side until we get there? or do you have longs open already?
  • #189,508
  • Aug 18, 2009 11:28am Aug 18, 2009 11:28am
Quoting Scrat
profile of the last h4 swing. strongest resistance is @ 158 area, and that's where g-j is heading. if cleared, then sky's the limit. if not, then we'll see 156.50 area again.
scrattt is that volume indicator on the chart (the one that draws the profile and the resistance line) the marketprofile_pob that i think someone posted on here before? looks the same but i cant get mine to work on larger timeframe like that, only works for 1 day at a time
  • #189,509
  • Aug 18, 2009 11:28am Aug 18, 2009 11:28am
I'm long, just for reversal Head & Shoulders. It may go down for a little as divergence with MACD but ratio is very good (1:4). TP:158 SL: 156.40. Ichimoku is giving good signals. Let's see.
If you resist at heart attack, you will be rich from trading.
  • #189,510
  • Aug 18, 2009 11:42am Aug 18, 2009 11:42am
Quoting ewokuk
lucky i whipped my stop under that short quick, got out at BE just before it went up

queeceeee you are not trading at all until shorting around 158? dont you feel you are missing a lot of pips on the long side until we get there? or do you have longs open already?
No actually I'm short at 162.95 and 162 area looking to add to shorts no longs. . .
  • #189,511
  • Aug 18, 2009 11:43am Aug 18, 2009 11:43am
Hi Donfriday,

I did not want to violate the FF rules advertising the source..Anyway, I am glad you found this article helpful. I wished I knew this when I first started..

Good Luck..



Quoting donfriday
this is the best i ever read in this thread Rggit05, wow how long this took you or this is copy and paste..lol..
the best i have learn in this thread and I've had some failures in my past but now i could realize Failure teaches success..
thanks for this Post...this help alot
[
  • #189,512
  • Aug 18, 2009 11:46am Aug 18, 2009 11:46am
Quoting quecee5
No actually I'm short at 162.95 and 162 area looking to add to shorts no longs. . .
wouldnt it be better to close those shorts down nearer 153, let it come back up then enter new shorts? for 2 reasons. first it might go right back up and after being 950 pips in profit at one point, you might get nothing. second if you close it and take the profits then you compound it and the next short is bigger? clearly you know what you are doing but im trying to work out the reasoning behind it
  • #189,513
  • Aug 18, 2009 11:55am Aug 18, 2009 11:55am
Target 30 min chart - we have lower highs and lower lows - a test in 155,20 should be tried in Asian session - look at chart - target down to 152,50, if the re-test in 155,20 doesn't hold.
Attached Image (click to enlarge)
Click to Enlarge Name: targetgbpjpy.jpg Size: 75 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #189,514
  • Aug 18, 2009 12:04pm Aug 18, 2009 12:04pm
it's in the VSA thread... market_profile_scrat or so. you can specify start and end dates.
if you want more details, you can look @ pages 178-185 (approximately) and you'll find some posts about it.

Quoting ewokuk
scrattt is that volume indicator on the chart (the one that draws the profile and the resistance line) the marketprofile_pob that i think someone posted on here before? looks the same but i cant get mine to work on larger timeframe like that, only works for 1 day at a time
Nihil Sine Deo.
  • #189,515
  • Aug 18, 2009 12:05pm Aug 18, 2009 12:05pm
similar view, a whole load of resistance in 157.20-50 area and the UTL comes in just after that as well and the 38.2 retrace of the drop from 163 is also just above 157.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 51 KB
  • #189,516
  • Aug 18, 2009 12:05pm Aug 18, 2009 12:05pm
Quoting ewokuk
wouldnt it be better to close those shorts down nearer 153, let it come back up then enter new shorts? for 2 reasons. first it might go right back up and after being 950 pips in profit at one point, you might get nothing. second if you close it and take the profits then you compound it and the next short is bigger? clearly you know what you are doing but im trying to work out the reasoning behind it
because I'm a position/swing trader. . .

Why would I close the position when I can continue to build shorts for my ultimate TP's target of 143 -136 area. . . which will equate to almost 1800 pips ultimately without all the computer face time. . .

I trade a lot of pairs such as short gu, ej, eu, aj, au, silver. . . so don't have a lot of time to babysit one pair. . .
  • #189,517
  • Aug 18, 2009 12:11pm Aug 18, 2009 12:11pm
Quoting Scrat
it's in the VSA thread... market_profile_scrat or so. you can specify start and end dates.
if you want more details, you can look @ pages 178-185 (approximately) and you'll find some posts about it.
cool thanks, i will have a look
  • #189,518
  • Aug 18, 2009 12:20pm Aug 18, 2009 12:20pm
Do you expect this to happen before getting to 170.

Thanks

Quoting quecee5
because I'm a position/swing trader. . .

Why would I close the position when I can continue to build shorts for my ultimate TP's target of 143 -136 area. . . which will equate to almost 1800 pips ultimately without all the computer face time. . .

I trade a lot of pairs such as short gu, ej, eu, aj, au, silver. . . so don't have a lot of time to babysit one pair. . .
  • #189,519
  • Aug 18, 2009 12:27pm Aug 18, 2009 12:27pm
Quoting Fusion
Do you expect this to happen before getting to 170.

Thanks
Yes, I expect a sizeable downside move to happen over the next couple of weeks. . . That's why poistioning now is critical instead of waiting for the move to happen then chasing price. . .

Just take a look at the 4hr chart - lower highs and lower lows - Very typical of a bear pattern. . .
  • #189,520
  • Aug 18, 2009 12:59pm Aug 18, 2009 12:59pm
Quoting rgitt05
Part of an article I thought would be helpful for the newbies as well the experience traders.



GREED is the most important reason of their failure. .......
Thank you very much for reminding me to stop and think. Typically, I have made brilliant positions only to lose it all by being GREEDY.

I will situp and take note because I can't afford to lose anymore.
None the wiser!
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