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

  • #219,681
  • Mar 29, 2010 8:41am Mar 29, 2010 8:41am
Quoting Cod
After high I say lets all go to a breakfast bar somewhere and eat pancakes for two hours!
HAHAHAHA love it!
check out my blog: forexmademillionaire dot com
  • #219,682
  • Mar 29, 2010 8:43am Mar 29, 2010 8:43am
On a more serious note... who's playing shorts off the potential for a double top with the last time we were in the 139 zone? I'm thinking about it just to see if I can grab a short term top here before consolidation. Could be good for a couple hundred pip retracement and then I'd reassess again. Stop just above last time's most recent high in 139.40 area...
check out my blog: forexmademillionaire dot com
  • #219,683
  • Mar 29, 2010 8:45am Mar 29, 2010 8:45am
Quoting feardox
Attachment
Hi feardox,
I hope the fearness wont come to me...
Tell me your reason, because of the macd rising up?
  • #219,684
  • Mar 29, 2010 9:03am Mar 29, 2010 9:03am
Quoting Ekadaya
I believe 1Day then 4H,, thanks for your option..
High is high, low is low, but after high what? and after low what?
I believe in forex, after high is low, and after low is high..

Well, have a nice trade.

Good Luck..



to much grammar..lol
MY OPINION NOT FINANCIAL ADVISE
  • #219,685
  • Mar 29, 2010 9:14am Mar 29, 2010 9:14am
Quoting donfriday
to much grammar..lol
Sorry, i cannot speak english fluently..
Ok, next time i use my language.

Thanks you.
-------------------------------------

Yah beginilah, kalo nggak fasih bahasa inggris.., lain kali bahasa sendiri ajalah..
Salam sukses.
  • #219,686
  • Mar 29, 2010 9:21am Mar 29, 2010 9:21am
Quoting donfriday
to much grammar..lol
too much grammar
  • #219,687
  • Mar 29, 2010 9:26am Mar 29, 2010 9:26am
Quoting Qqe
too much grammar
looks like too little )

meanwhile pound looking kinda bearish now looking at last few 1h candles ....
  • #219,688
  • Mar 29, 2010 9:33am Mar 29, 2010 9:33am
There seems to be a nice channel in 5M GU, playing it right now:

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0069.png Size: 20 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #219,689
  • Mar 29, 2010 9:35am Mar 29, 2010 9:35am
Quoting Qqe
Hi feardox,
I hope the fearness wont come to me...
Tell me your reason, because of the macd rising up?
if it was so accurate with the indicators... right now everybody would have been billionairs... dont trust those lines
  • #219,690
  • Mar 29, 2010 9:39am Mar 29, 2010 9:39am
Quoting USD-Bear
There seems to be a nice channel in 5M GU, playing it right now:

Attachment
channel... also known as bull flag in this case I believe
check out my blog: forexmademillionaire dot com
  • #219,691
  • Mar 29, 2010 9:43am Mar 29, 2010 9:43am
Quoting Geppy
channel... also known as bull flag in this case I believe
That it was during few hours but not the reaction you expect from a break, will watch my channel

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0070.png Size: 22 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #219,692
  • Mar 29, 2010 9:48am Mar 29, 2010 9:48am
Quoting USD-Bear
That it was during few hours but not the reaction you expect from a break, will watch my channel

Attachment
Ahhh I see (sorry no charts in front of me)... well for the record I took some shorts anticipating a retracement perhaps to 137.00 or even lower.
check out my blog: forexmademillionaire dot com
  • #219,693
  • Mar 29, 2010 9:49am Mar 29, 2010 9:49am
Quoting feardox
if it was so accurate with the indicators... right now everybody would have been billionairs... dont trust those lines
So we will see

If i am not right, I wont trust both trendlines and fibo
  • #219,694
  • Mar 29, 2010 9:53am Mar 29, 2010 9:53am
Pretty simple thought process here but worth examination... Notice the two areas I circled. PA was testing up on the earlier one and was finally able to crack through. Right now, we have a similar cluster of 1H candles but this time it's testing the floor not the ceiling which makes me favor shorts at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.JPG Size: 40 KB
check out my blog: forexmademillionaire dot com
  • #219,695
  • Mar 29, 2010 9:56am Mar 29, 2010 9:56am
Quoting Geppy
Ahhh I see (sorry no charts in front of me)... well for the record I took some shorts anticipating a retracement perhaps to 137.00 or even lower.
Can't find anything to confirm those (for me) major moves.
I'll stay in consolidation and scalping mode for now
Don't be a hero. Don't have an ego. Always question yourself
  • #219,696
  • Mar 29, 2010 10:20am Mar 29, 2010 10:20am
  •  winn
  • | Joined Aug 2009 | Status: photography-Fotografie-фотография | 63 Posts
How many pairs do you trade now?
I have 2 pairs open, GU and GJ, and I can open one for EJ, if I like?
do you trade one pair at one time? or 2-3 pairs together? like above I mentioned
gold
  • #219,697
  • Mar 29, 2010 11:02am Mar 29, 2010 11:02am
yes, possible retrace to 137.55/137.05, but the risk is not worth it.

Quoting Geppy
Pretty simple thought process here but worth examination... Notice the two areas I circled. PA was testing up on the earlier one and was finally able to crack through. Right now, we have a similar cluster of 1H candles but this time it's testing the floor not the ceiling which makes me favor shorts at this point.
Nihil Sine Deo.
  • #219,698
  • Mar 29, 2010 11:31am Mar 29, 2010 11:31am
Don`t make your self confused with your statement, if you know where is the market, as soon as possible open order/ pending order, and go to making love..haha..
  • #219,699
  • Mar 29, 2010 11:42am Mar 29, 2010 11:42am
Well I am looking at a possible scenario of PA touching 138 and if broken going down to 137.60-80 before reversing... A less probability scenario is 138,40 supporting PA with a rebound 139.20.40. For me the first scenario his a higher probability in the next 24 hours... Either way it can be played both long and short....
Traderdesk -
  • #219,700
  • Mar 29, 2010 11:56am Mar 29, 2010 11:56am
Quoting Geppy
I stopped reading your post after this first line... probably the biggest misconception anyone could have. YIKES!


I does not matter how many times you are right or wrong is all about your risk management..
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