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

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  • Post #213,021
  • Quote
  • Jan 25, 2010 6:00pm Jan 25, 2010 6:00pm
  •  Raza
  • Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Quoting Gucc
Disliked
lol.. why didnt we reverse to long ..a 200 pip move..ai..
Ignored
Yup...I did..

I had added so many times...was not out of the GUT feeling..it was the

Pattern and FIBS I traded...Glad I did..

One should Trust Themselves..And Patience have its VIRTUES...
Markets are not Random, they are designed!
 
 
  • Post #213,022
  • Quote
  • Jan 25, 2010 6:17pm Jan 25, 2010 6:17pm
  •  Scrat
  • Joined Jan 2007 | Status: Member | 3,719 Posts
i don't know why most of you are looking at upside targets (who cares if it's 147 or 148), better watch supporting trend line for a break (145.60 area).
Nihil Sine Deo.
 
 
  • Post #213,023
  • Quote
  • Jan 25, 2010 6:20pm Jan 25, 2010 6:20pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
Hey Gucc,

I am a swing trader..I have a large margin to absorb the pullback..I said in the past , I am selling all rallies..You posted in the past target low as 130..
Forex is not always straight forward PA to the target..It is all about patience and sticking to the plan..My bias haven't change.. Overall bias is Bearish on the higher TF's. My account can kaboom your account, so I would be patience and let the market decide..No need to attack on this board cause you will be picked on your TA.

Today is only monday..What is the rush? Market fundamentally is waiting for Ben confirmation on Wed before letting the BS rally stop.




Quoting Gucc
Disliked
im pretty sure,,some here blows their accounts,, who listen to the kaboomers..straight to 139 etc.. no stop..
Ignored
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  • Post #213,024
  • Quote
  • Jan 25, 2010 6:22pm Jan 25, 2010 6:22pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting Raza
Disliked
Yup...I did..

I had added so many times...was not out of the GUT feeling..it was the

Pattern and FIBS I traded...Glad I did..

One should Trust Themselves..And Patience have its VIRTUES...
Ignored

it should go easy to 147.50 /147.90


147.20 is not a res ,, the first res is at 147.50,,then 147.80,then 148..
 
 
  • Post #213,025
  • Quote
  • Jan 25, 2010 6:26pm Jan 25, 2010 6:26pm
  •  defariak
  • | Joined Jan 2010 | Status: Member | 136 Posts
actually 147 is first resist
Im a zombie.. "Rawr"
 
 
  • Post #213,026
  • Quote
  • Jan 25, 2010 6:32pm Jan 25, 2010 6:32pm
  •  Leche Mocha
  • | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
Where's the chart?
Quoting quecee5
Disliked
Geppy's daily chart still suggest lower price. . .
As stated earlier a.m. - gj would see a retrace back to the daily 5 sma which it looks to have hit it to the pip!

Price continues to close below daily gann and now it looks as if it will close below the daily 5 sma for a second day and below 147.10/30 resistance as well. . .

We have now traveled 61.8% off the low and 76.8% will probably cap this up move before we see price head further south. . .

Side note: ucad was a gd short off the high. . .
Ignored
 
 
  • Post #213,027
  • Quote
  • Jan 25, 2010 6:32pm Jan 25, 2010 6:32pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting rgitt05
Disliked
Hey Gucc,

I am a swing trader..I have a large margin to absorb the pullback..I said in the past , I am selling all rallies..You posted in the past target low as 130..
Forex is not always straight forward PA to the target..It is all about patience and sticking to the plan..My bias haven't change.. Overall bias is Bearish on the higher TF's. My account can kaboom your account, so I would be patience and let the market decide..No need to attack on this board cause you will be picked on your TA.

Today is only monday..What is the rush? Market fundamentally...
Ignored
hey rgitt,,i know youre a swing trader,,im myself one,,im also short,and ill stay short,unless we break 148.. i respect youre posts,,i said,some traders here could kaboom their acc ,we all was expecting retrace up to 146 somewhere max.. i dont flame you and never attack you,no need to..
 
 
  • Post #213,028
  • Quote
  • Jan 25, 2010 6:41pm Jan 25, 2010 6:41pm
  •  rgitt05
  • Joined Oct 2005 | Status: Member | 3,596 Posts
Money Management 101 -Don't overleverage your account..

I posted the weekly and monthly charts are bearish..

Market is only rallying for a better short position.



Quoting Gucc
Disliked
hey rgitt,,i know youre a swing trader,,im myself one,,im also short,and ill stay short,unless we break 148.. i respect youre posts,,i said,some traders here could kaboom their acc ,we all was expecting retrace up to 146 somewhere max.. i dont flame you and never attack you,no need to..
Ignored
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  • Post #213,029
  • Quote
  • Jan 25, 2010 6:46pm Jan 25, 2010 6:46pm
  •  X.Oden
  • | Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
Anyone got an analysis on the GBPCHF?
In Charts We Trust!
 
 
  • Post #213,030
  • Quote
  • Jan 25, 2010 6:53pm Jan 25, 2010 6:53pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
here is my major ress lines,passed the last one,,im outta here
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  • Post #213,031
  • Quote
  • Jan 25, 2010 6:57pm Jan 25, 2010 6:57pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting X.Oden
Disliked
Anyone got an analysis on the GBPCHF?
Ignored

gbp/chf is sideways from last year oct until now.. worth it to go llong ,close above 1.71..

bullish engulf canlde on daily..add more longs ,on close above 1.71..

good luck
 
 
  • Post #213,032
  • Quote
  • Jan 25, 2010 7:02pm Jan 25, 2010 7:02pm
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts
147.21 represents 2 things; previous resistance from Jan 22nd AND the 61.8% fibo retracement of the move down.

If 147.21 breaks, it's more than feasible we'll retrace 100% to 148.92.

Guess we'll soon know if my misgivings about longer term shorts were founded or not....
 
 
  • Post #213,033
  • Quote
  • Jan 25, 2010 7:07pm Jan 25, 2010 7:07pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting ukdaytrader
Disliked
147.21 represents 2 things; previous resistance from Jan 22nd AND the 61.8% fibo retracement of the move down.

If 147.21 breaks, it's more than feasible we'll retrace 100% to 148.92.

Guess we'll soon know if my misgivings about longer term shorts were founded or not....
Ignored

147.50 should hold it.. my guess..
i hope so
 
 
  • Post #213,034
  • Quote
  • Jan 25, 2010 7:08pm Jan 25, 2010 7:08pm
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts
A 30m chart for bears.
Heavy Bearish divergence with RSI into o/b territory. Question is, just how far does price need to fall for this to play out... 145.5 maybe..?

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  • Post #213,035
  • Quote
  • Jan 25, 2010 7:10pm Jan 25, 2010 7:10pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
and if we go to 147.50,,then there is a massive H&S infront of us on 1 hour... its a tough decission not to go long at 145.45
 
 
  • Post #213,036
  • Quote
  • Jan 25, 2010 7:25pm Jan 25, 2010 7:25pm
  •  Raza
  • Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Yup Bearish Divergence..on 15M- 2HR..Tf..

I shorted for quick scalp...

Watch this Divergence will turn into Hidden Bullish Later..

Or If this is A then we should see B down...Then "C" UP... lets see...

I am not looking Forward to give back pips I made going UP...

LITTLE Shaker is Coming..IMO..
Markets are not Random, they are designed!
 
 
  • Post #213,037
  • Quote
  • Jan 25, 2010 7:28pm Jan 25, 2010 7:28pm
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts
Quoting Raza
Disliked
Yup Bearish Divergence..on 15M- 2HR..Tf..

I shorted for quick scalp...

Watch this Divergence will turn into Hidden Bullish Later..

Or If this is A then we should see B down...Then "C" UP... lets see...

I am not looking Forward to give back pips I made going UP...
Ignored
I'm with ya. Went short @ 147.09. Signs of a slight buying climax here with 2 x 5m candles this hour being slight shooting stars on higher volume. Definitely some supply coming to market. Just need to find out how much....
 
 
  • Post #213,038
  • Quote
  • Edited at 8:29pm Jan 25, 2010 7:34pm | Edited at 8:29pm
  •  Raza
  • Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Quoting ukdaytrader
Disliked
I'm with ya. Went short @ 147.09. Signs of a slight buying climax here with 2 x 5m candles this hour being slight shooting stars on higher volume. Definitely some supply coming to market. Just need to find out how much....
Ignored

Hope it Goes Down All smaller TFs OB...looking for a retrace to 146.15 first(4 Hr ..5sma).. then 145.86...final 145.56...dont think it will go that far..EYES ON RSI...15m AND 1hR..

I shorted this a little too many here...hope all goes well...This divergence does not fool us..

Note we may range here for few hrs...146.75 - 147.28....Who knows?
Markets are not Random, they are designed!
 
 
  • Post #213,039
  • Quote
  • Jan 25, 2010 7:56pm Jan 25, 2010 7:56pm
  •  Raza
  • Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Can People Post their Daily Candle Please..U.S....U.K..

Seems the MoFo..Broker of mine just changed the shape of it...it was an

engulfing 2 hrs ago on Close ..now its something else...Great..
Markets are not Random, they are designed!
 
 
  • Post #213,040
  • Quote
  • Jan 25, 2010 8:18pm Jan 25, 2010 8:18pm
  •  Scrat
  • Joined Jan 2007 | Status: Member | 3,719 Posts
daily close = ny close. this is the classic trading day... but you already knew that . choose a broker that is showing daily charts this way.
Quoting Raza
Disliked
Can People Post their Daily Candle Please..U.S....U.K..

Seems the MoFo..Broker of mine just changed the shape of it...it was an

engulfing 2 hrs ago on Close ..now its something else...Great..
Ignored
Nihil Sine Deo.
 
 
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