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

  • #217,221
  • Mar 3, 2010 12:07am Mar 3, 2010 12:07am
Quoting mima
In my opinion there is Head and shoulder on GU on M15 chart....

nope..but post chart and show it,,,
  • #217,222
  • Mar 3, 2010 12:17am Mar 3, 2010 12:17am
Quoting zweig
nope..but post chart and show it,,,
hows that lol
Attached Image (click to enlarge)
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  • #217,223
  • Mar 3, 2010 12:19am Mar 3, 2010 12:19am
Quoting mima
In my opinion there is Head and shoulder on GU on M15 chart....
mima..

you need first a few signs for a H&S to form.
first you need to have a TL break,then you it should take out the low of the neckline to confirm we heading down,even if its with 1 pip ,doesnt matter,then we should retrace back to form the RS ,normally at the backside of the TL ,or any fib close to the high of the LS...

so far we are still above TL and its still in a uptrend,no confirmation that we heading down ..and this chart is the 15 min... hope this help..
Attached Image (click to enlarge)
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  • #217,224
  • Mar 3, 2010 12:20am Mar 3, 2010 12:20am
Quoting zweig
nope..but post chart and show it,,,
From time to time you should look at your charts.....
Attached Image (click to enlarge)
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The Market pays you to be disciplined
  • #217,225
  • Mar 3, 2010 12:24am Mar 3, 2010 12:24am
Your chart looks like a big Christmas tree.....lol!!


Quoting fulladd
3 times price cannot penetrate support at 132.69. believe market in bull testing 135.00 (ema200-white). Correct me if i'm wrong.
  • #217,226
  • Mar 3, 2010 12:27am Mar 3, 2010 12:27am
Quoting Allseeingeye
hows that lol

not there yet,,we first need to take out the low of 1.5011 first and then retrace back up...

but damm the smaller you guys go with H&S the less valid it become... but trade your charts ..it can easily drop down to your targets you had on your post ... i dont trade smaller than 1 hour charts,,so you have a better view than me...

good luck.. but keep in mind the signs of H&S formations ..TL ,break and low of prev low need to taken out at that will be the neckline,,even its with 1 pip,its ok...


PS..eur/usd more interresting than the gbp/usd right now... if the eur/usd drop 2day ... a good buy right at this level is ok..1.34947 spot on.. but thats only my call and my orders ,,its still far ,but im hoping we can go that far down
  • #217,227
  • Mar 3, 2010 12:29am Mar 3, 2010 12:29am
Quoting mima
From time to time you should look at your charts.....

im srry but you guys had absoluut no clue about H&S formations..but go ahead and trade that funky new age H&S ... i dont trade smaller Tf..you might have a better idea whats going on inside the 4hour candles
  • #217,228
  • Mar 3, 2010 12:31am Mar 3, 2010 12:31am
no h&s seems in gu , looks more bearish than gj , should test tl 1.4948 as gj to close by 2 or hrs or so below 133.42 ,may be 21 to go up .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,229
  • Mar 3, 2010 12:35am Mar 3, 2010 12:35am
Quoting fontu
no h&s seems in gu , looks more bearish than gj , should test tl 1.4948 as gj to close 1 hrs or so close below 133.42 ,may be 21 to go up .
fontu


explain that to mimu,,

if that is a H&S,i will stop trading live and go back to demo trading and learn my H&S formations
  • #217,230
  • Mar 3, 2010 12:43am Mar 3, 2010 12:43am
lol! one slanted H&S, buy entry @ 1.495 exit at the top @ 1.527

Quoting zweig
explain that to mimu,,

if that is a H&S,i will stop trading live and go back to demo trading and learn my H&S formations
Attached Image (click to enlarge)
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  • #217,231
  • Mar 3, 2010 12:46am Mar 3, 2010 12:46am
Quoting fontu
no h&s seems in gu , looks more bearish than gj , should test tl 1.4948 as gj to close by 2 or hrs or so below 133.42 ,may be 21 to go up .
fontu
Hey guys I just said it is my opinion...One can agree or disagree...I already have 35 pips ...It is enough for me...One can call it whatever...
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The Market pays you to be disciplined
  • #217,232
  • Mar 3, 2010 12:51am Mar 3, 2010 12:51am
Quoting zweig
explain that to mimu,,

if that is a H&S,i will stop trading live and go back to demo trading and learn my H&S formations
You need not to , may be he/she refering to others showing.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,233
  • Mar 3, 2010 12:56am Mar 3, 2010 12:56am
Blah, looks like 4hr candle is gonna fail to close above Gans... Still holing a one long position from 132.6
  • #217,234
  • Mar 3, 2010 1:01am Mar 3, 2010 1:01am
Quoting mima
Hey guys I just said it is my opinion...One can agree or disagree...I already have 35 pips ...It is enough for me...One can call it whatever...

well done on that call .. if you really want to trade H&S formations,try higer TF .its much stronger than the ones on lower TF..

here is a example of a typical inverted one,,im waiting for ...
its the eur/gbp but on daily ..what im look for now is to take out the high of the neckline at 0.9152 ,then a bounce back to form the right shoulder at untested supp +- @ 0.8841 or a fib closest to that level.. and also what add more weight on my view that we need to go back to that untested supp level is that we had a weekend gap on sunday and we need to close it ... i have a very agggresive sell order at 0.9157 ,,with a tight stop,,close above that level ,then i will get stopped out,,but thats ok ..risk only 40 pips for a possible of 300 pips profit ..then a reverse at supp at right shoulder ....
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  • #217,235
  • Mar 3, 2010 1:15am Mar 3, 2010 1:15am
Quoting mima
Hey guys I just said it is my opinion...One can agree or disagree...I already have 35 pips ...It is enough for me...One can call it whatever...
You are correct, it is a pretty clear H&S pattern. Whether it plays out as one is another matter.

Too much shouty shouty here sometimes. People here are too quick to dismiss what others can see.

Well done on your pips.
  • #217,236
  • Mar 3, 2010 1:25am Mar 3, 2010 1:25am
Dollar Index is still going up...therefore EU, GU ...going down...
The Market pays you to be disciplined
  • #217,237
  • Mar 3, 2010 1:26am Mar 3, 2010 1:26am
Waiting for the breakout...
Trade what you see, not what you think.
  • #217,238
  • Mar 3, 2010 1:28am Mar 3, 2010 1:28am
Quoting karmostaji
Waiting for the breakout...

it helps alot ...
breakout of what ?
your stomach ?
  • #217,239
  • Mar 3, 2010 1:29am Mar 3, 2010 1:29am
Quoting zweig
it helps alot ...
breakout of what ?
your stomach ?
Maybe, wanna have some?
Trade what you see, not what you think.
  • #217,240
  • Mar 3, 2010 1:33am Mar 3, 2010 1:33am
Quoting karmostaji
Maybe, wanna have some?

seriuosly breakout of what ? gbp/jpy to 130 ?
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