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

  • #225,281
  • May 19, 2010 3:41am May 19, 2010 3:41am
Well that was fun for some good pips....

Now I would look at adding at 130.85 but even better as you can see on the 30 min. chart we can add at around 131.40-50 for a better R/R...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp30min2.jpg Size: 51 KB
Traderdesk -
  • #225,282
  • May 19, 2010 3:42am May 19, 2010 3:42am
Quoting baron193
I wonder why?
i can only say its the bottom from 8 hours earlier, might be a chance to long with a very tight sl if price tests that level again.
  • #225,283
  • May 19, 2010 3:45am May 19, 2010 3:45am
Quoting $teve
I am PSYCHIC!!! I want to manage $20 billions like George Soros NOW!!!!!!
Please come by my offices tomorrow then.

Regards,

George S.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,284
  • May 19, 2010 3:54am May 19, 2010 3:54am
e/a

Wow...

It seems Geppy is poised to make a new Low....128.81 first stop...Then 126.32...then 125.19,,final....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR AUD.jpg Size: 118 KB
Click to Enlarge Name: EUR AUD#2.jpg Size: 121 KB
Markets are not Random, they are designed!
  • #225,285
  • May 19, 2010 4:05am May 19, 2010 4:05am
I smell a rally from here. Everyone now piling on the shorts hoping for at least the previous low, (129.77). Then next stop 128 etc.

But that would be too easy, wouldn't it?

I did see some signs of buying at support and Euro has been defended pretty strongly. Someone doesn't want this to fall much more.....yet.
  • #225,286
  • May 19, 2010 4:09am May 19, 2010 4:09am
Quoting ukdaytrader
I smell a rally from here. Everyone now piling on the shorts hoping for at least the previous low, (129.77). Then next stop 128 etc.

But that would be too easy, wouldn't it?

I did see some signs of buying at support and Euro has been defended pretty strongly. Someone doesn't want this to fall much more.....yet.
I totaly agree with you, untill proven wrong, which is not a huge risk.
Biggest joker
  • #225,287
  • May 19, 2010 4:11am May 19, 2010 4:11am
Quoting ukdaytrader
I smell a rally from here. Everyone now piling on the shorts hoping for at least the previous low, (129.77). Then next stop 128 etc.

But that would be too easy, wouldn't it?

I did see some signs of buying at support and Euro has been defended pretty strongly. Someone doesn't want this to fall much more.....yet.
If this hourly can close above131.30.. and any candle above 131.85 ...IMO...

If Daily candle Closes Below or at 129...then it will become strong resistence then except new LOW..Below 118 some time soon...
Markets are not Random, they are designed!
  • #225,288
  • May 19, 2010 4:39am May 19, 2010 4:39am
Quoting profxtrader
Please come by my offices tomorrow then.

Regards,

George S.

Sup bro. I've been killing the market with shorts. I think 130 might hold for a while. Not sure where price will go from here. Mostly this 129.70 area will break and the downtrend will resume. But I'd rather wait for that to happen and enter on a retrace rather than taking any more shorts on bounces off of this area.
  • #225,289
  • Edited 5:15am May 19, 2010 5:12am | Edited 5:15am
Quoting ukdaytrader
I smell a rally from here. Everyone now piling on the shorts hoping for at least the previous low, (129.77). Then next stop 128 etc.

But that would be too easy, wouldn't it?

I did see some signs of buying at support and Euro has been defended pretty strongly. Someone doesn't want this to fall much more.....yet.
definitely agree with this, expecting a major pull back too, according to h4 and daily charts and RSI.
  • #225,290
  • May 19, 2010 5:24am May 19, 2010 5:24am
We see 129.xx. flat
  • #225,291
  • May 19, 2010 5:28am May 19, 2010 5:28am
Quoting special0nefx
We see 129.xx. flat
considering 4h and daily graphs i will not count +-100 pips of movement, it may still fall down to 129.xx and may recover after.
  • #225,292
  • May 19, 2010 5:30am May 19, 2010 5:30am
Quoting glopfel
considering 4h and daily graphs i will not count +-100 pips of movement, it may still fall down to 129.xx and may recover after.
Try break low. Then really a push to 128.xx. Never thought so fast.
Recover your chart can see back to 131? Mine i see 130.xx only
btw, this move just like a prepare for us session hunt for 125. Let see how?
  • #225,293
  • May 19, 2010 5:33am May 19, 2010 5:33am
This is a risk aversion trade. All JPY crosses being sold while Euro is being defended.
  • #225,294
  • Edited 6:02am May 19, 2010 5:37am | Edited 6:02am
Quoting ukdaytrader
This is a risk aversion trade. All JPY crosses being sold while Euro is being defended.
ya. All Euro is tank, possible is lowest of the year.
I can't imagine EJ become 2 digit. If really Euro not tanking.

Left 1 pips for new low, hope it bounce up a bit, hope can pick up new setup at 130.50
  • #225,295
  • May 19, 2010 6:31am May 19, 2010 6:31am
not sure
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  • #225,296
  • May 19, 2010 7:19am May 19, 2010 7:19am
well collected a good 150 pip in this crazy move!
  • #225,297
  • May 19, 2010 7:19am May 19, 2010 7:19am
Quoting naatha
not sure

Your chart reflects what I would think a nice technical target or targets... If this would work out I would very happy as I trade within those patterns...
Traderdesk -
  • #225,298
  • May 19, 2010 7:27am May 19, 2010 7:27am
Quoting hindart
well collected a good 150 pip in this crazy move!
Seems like the first try at 131.50 where there is the 30 minute UTL of a declining channel...

On the hourly chart we have another declining channel UTL at the 132.50 level...

And for the final on the 4 hour chart we have a declining UTL at around 135.30 area for the moment....

Me I will look at having shorts place close to those lines and stops close by...
Traderdesk -
  • #225,299
  • May 19, 2010 7:32am May 19, 2010 7:32am
Supply coming in. Reload your shorts if not already done.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,300
  • May 19, 2010 7:52am May 19, 2010 7:52am
Quoting profxtrader
Supply coming in. Reload your shorts if not already done.
Are we ready to move?
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