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mike w replied Nov 7, 2008My four hour candle, which closes in ten minutes, is looking very bearish off all resistance- the Gann line and the trendline in conjunction with each other. Fantastic for loading up the shorts IMO.

Cable Update (GBPUSD)
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mike w replied Nov 7, 2008Just give it time my man. I'm thinking it'll break down within this hour. Btw, if your still following Aus's method, we're going to be seeing a valid 15 minute short signal which should give us the power to break that support down after a ...
Cable Update (GBPUSD)
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mike w replied Nov 7, 2008We're about to see that hourly pin break by the way, I'll add at that point as well.
Cable Update (GBPUSD)
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mike w replied Nov 7, 2008Nice note on the channel man! I hadn't really noticed it, but now I have solid targets to be working with by it. Thanks for posting that! How have you been? I hope everything's been good and you've been making bank with this easy market lately! By ...
Cable Update (GBPUSD)
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mike w replied Nov 7, 2008Sorry for the messy charts guys but I'm too lazy to take off the indicators just to post them cleanly lol Check out the hourly first. We are seeing a pin bar off the down trendline. That's just telling me more bearishness is in the mix for now ...
Cable Update (GBPUSD)
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mike w replied Nov 7, 2008Other than the mess from the method, check out the down trendline and pin bar on the gbp/usd hourly. I'm short on this pair because of this reasoning. Check the daily too, this could be the beginning to a nice little drop in price.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 6, 2008Dude, that's gross. i'm tryin to eat here! What riff raff they let in these places! lol jk
Bring back the Trading Room
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mike w replied Nov 5, 2008I'm thinking we could see the top of the range as support for it now. Just a thought though, nothing really to go by until it would get to that point.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 5, 2008You saw the red down trendline on the 1 hour chart here. Price made a retest of it and then rocketed. BTW, PA rules folks. Check out the pin bar off the retest. That was a solid sign. Use your heads and don't get caught up in the confusion coup. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 5, 2008When I get back I'll post two charts with reasons that you guys should look higher on the charts. That might help in the confusion. I'll be back in an hour or so.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 5, 2008Well, I can set myself in profit now from last night and this morning. Price never had a close below the 4 hour gann so we are still set. The take profit that Karmo mentioned is looking nice (161) and after that I'll be looking to 163. I'm off to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 5, 2008Same here, I've been long since last night and looking to add on a close of these hourlies. Nice little pin coming up if we stay around this area.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 4, 2008It's not even if your rich or not...I think our brokers will just charge us more as they get taxed to hell and back. I think it's awful that he became our president. Neither were good though- I just don't like the way he's looking to tax the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 4, 2008Yep, I just took the long at 158.81. My initial target is 163 for when I get back tomorrow morning. Have a good night everyone and good luck in your trades-unless your trading against me! lol jk.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 4, 2008We got that 4 hour close above the gann and so I'm thinking we'll see the resistance at 163 at least. BTW, when I went to sleep my trades got closed out- the one at 158.25 for BE and the other at 160 for 150. Phew. lol
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 4, 2008That's how I'm looking at it as well until that 4 hour gets a close above the Gann. If we stay at these levels, I will have to close out my short for a loss. If I see anything tradable on a lower timeframe indicating bearishness however, I would ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 4, 2008Nice rejection there at the resistance area (double top if your trading lower timeframes). Just waiting to see which way the 4 hour bar closes. I still have my shorts in play until we see a close above.
Auslanco - GBP/JPY and GBP/USD (newstrade)