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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 #213,061
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  • Jan 25, 2010 10:37pm Jan 25, 2010 10:37pm
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
halleluya !!!!!!!!!!!!!
 
 
  • Post #213,062
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  • Jan 25, 2010 10:43pm Jan 25, 2010 10:43pm
  •  Beljevina
  • Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
The beast continues to be amazing: 12 hours of lethargic up movement undone in <30 minutes! Am amazed how it blew through DPP @ 146, to at least for now stop down @ 50% fib (to the pip!) @ 145.675. Normally a 150pip overreaction would bring a retrace - let's see what we get.
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  • Post #213,063
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  • Jan 26, 2010 12:00am Jan 26, 2010 12:00am
  •  naatha
  • | Joined Jan 2008 | Status: Member | 802 Posts
not sure
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  • Post #213,064
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  • Jan 26, 2010 12:06am Jan 26, 2010 12:06am
  •  Leche Mocha
  • | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
It definitely goes down easier than it goes up by that M15 chart. Using a bigger TF might be better for identifying trends for you. Trend looks down to me.

Quoting Beljevina
Disliked
The beast continues to be amazing: 12 hours of lethargic up movement undone in <30 minutes! Am amazed how it blew through DPP @ 146, to at least for now stop down @ 50% fib (to the pip!) @ 145.675. Normally a 150pip overreaction would bring a retrace - let's see what we get.
Ignored
 
 
  • Post #213,065
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  • Jan 26, 2010 12:07am Jan 26, 2010 12:07am
  •  X.Oden
  • | Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
Hi Gucc,

Thanks for the analysis. But a question...if its been going side ways for since October which I see that, why would it of all days today break above 1.71? Triple top prior to this....

Quoting Gucc
Disliked
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
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In Charts We Trust!
 
 
  • Post #213,066
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  • Jan 26, 2010 12:15am Jan 26, 2010 12:15am
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting X.Oden
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Hi Gucc,

Thanks for the analysis. But a question...if its been going side ways for since October which I see that, why would it of all days today break above 1.71? Triple top prior to this....
Ignored
im not saying it will break 2 today, i was saying if it break 1.71,,ill add more longs on a close above..im not trading it ..it is for sure bullish on a 1H and 4H timeframe..
 
 
  • Post #213,067
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  • Jan 26, 2010 12:21am Jan 26, 2010 12:21am
  •  Beljevina
  • Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
Quoting Leche Mocha
Disliked
It definitely goes down easier than it goes up by that M15 chart. Using a bigger TF might be better for identifying trends for you. Trend looks down to me.
Ignored
I agree the trend is down - am only sorry I unloaded over half of my positions from 147.2; I scalp frequently & worst case scenario is (usually) BE. My next target is 143.8, although I'm not sure what to expect from early London.
 
 
  • Post #213,068
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  • Jan 26, 2010 12:24am Jan 26, 2010 12:24am
  •  donfriday
  • Joined Jan 2009 | Status: WHO AM I €&$ ? | 6,827 Posts
Quoting Raza
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Really??

Thought it was going straight to 143 - 141 - 139 - 130 ..
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I NEVER LOSE/=I EITHER WIN OR LEARN
 
 
  • Post #213,069
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  • Jan 26, 2010 12:32am Jan 26, 2010 12:32am
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting X.Oden
Disliked
Hi Gucc,

Thanks for the analysis. But a question...if its been going side ways for since October which I see that, why would it of all days today break above 1.71? Triple top prior to this....
Ignored

x.oden..
here is my view on gbp/chf.. actually entry was at the bottom of the support. missed it twice and hit in on the 3rd run.. it might break ress,or it might not..

its only my view. it also missed the ress twice,might hit it now on the 3rd run at 1.7150/1.7180 and then take a dive..
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  • Post #213,070
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  • Jan 26, 2010 12:43am Jan 26, 2010 12:43am
  •  donfriday
  • Joined Jan 2009 | Status: WHO AM I €&$ ? | 6,827 Posts
this chart tell me we will go below friday low.....enjoy
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I NEVER LOSE/=I EITHER WIN OR LEARN
 
 
  • Post #213,071
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  • Jan 26, 2010 12:53am Jan 26, 2010 12:53am
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts


To close ot not to close. Hmmmm.

Edit: Closed the short from 147.09.
 
 
  • Post #213,072
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  • Jan 26, 2010 1:00am Jan 26, 2010 1:00am
  •  Clouds
  • Joined Apr 2008 | Status: Member | 7,674 Posts
probably will test above 147 again
 
 
  • Post #213,073
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  • Jan 26, 2010 1:02am Jan 26, 2010 1:02am
  •  naatha
  • | Joined Jan 2008 | Status: Member | 802 Posts
not sure
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  • Post #213,074
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  • Jan 26, 2010 1:07am Jan 26, 2010 1:07am
  •  Gucc
  • | Additional Username | Joined Nov 2009 | 575 Posts
Quoting Clouds
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probably will test above 147 again
Ignored
after we hit 139/142
 
 
  • Post #213,075
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  • Jan 26, 2010 1:08am Jan 26, 2010 1:08am
  •  Clouds
  • Joined Apr 2008 | Status: Member | 7,674 Posts
Quoting Gucc
Disliked
after we hit 139/142
Ignored
No.
 
 
  • Post #213,076
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  • Jan 26, 2010 1:15am Jan 26, 2010 1:15am
  •  manz66
  • | Joined Oct 2006 | Status: Member | 102 Posts
Quoting Beljevina
Disliked
The beast continues to be amazing: 12 hours of lethargic up movement undone in <30 minutes! Am amazed how it blew through DPP @ 146, to at least for now stop down @ 50% fib (to the pip!) @ 145.675. Normally a 150pip overreaction would bring a retrace - let's see what we get.
Ignored
Atleast today eur/jpy is bigger beast than gbp/jpy!
Moved down more than 200 pips same time period.
 
 
  • Post #213,077
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  • Jan 26, 2010 1:24am Jan 26, 2010 1:24am
  •  Scrat
  • Joined Jan 2007 | Status: Member | 3,719 Posts
i don't like this drop. closed my shorts; will reopen if i see a new low.
Nihil Sine Deo.
 
 
  • Post #213,078
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  • Edited at 1:59am Jan 26, 2010 1:36am | Edited at 1:59am
  •  Beljevina
  • Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
Quoting Beljevina
Disliked
I agree the trend is down - am only sorry I unloaded over half of my positions from 147.2; I scalp frequently & worst case scenario is (usually) BE. My next target is 143.8, although I'm not sure what to expect from early London.
Ignored
Am exiting my remaining shorts and reversing sentiment. Lots of talk on Bloomberg about optimism & the UK reporting good news in 3 hours. Am picking up some longs here @ 145.2/3 on a tight SL. London is prone to pop this thing shortly, but if not, still has 3 hours to run it up. Will see what the news brings.

EDIT after 8 min: Well, that 1) sucked & 2) was quick. In @ 145.208, out @ breach of prev. low @ 145.154
EDIT2, 3 min after above: Well, got my predicted pop - 150 pips in 2 minutes - how's that for optimism & a retrace! GRRR!!! But of course, only after it dumped my 3 lots, due to half a pip technical SL!! Of course, that's murphy's law at work for me. Oh well, still got 2.5 lots riding up.
 
 
  • Post #213,079
  • Quote
  • Jan 26, 2010 1:39am Jan 26, 2010 1:39am
  •  naatha
  • | Joined Jan 2008 | Status: Member | 802 Posts
not sure
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  • Post #213,080
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  • Jan 26, 2010 1:51am Jan 26, 2010 1:51am
  •  hindart
  • | Joined Apr 2009 | Status: Getting better! | 272 Posts
Quoting manz66
Disliked
Atleast today eur/jpy is bigger beast than gbp/jpy!
Moved down more than 200 pips same time period.
Ignored
I was on wrong side, lost 45pips
 
 
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