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Daily GBP/JPY analysis

  • #10,141
  • Jul 26, 2007 3:03am Jul 26, 2007 3:03am
What's the current status of the GU news trade? Aren't any effects of the news over by now?

Quoting auslanco
It's indeed... Just didnt want any newbies watching here to get panicked..
  • #10,142
  • Jul 26, 2007 3:04am Jul 26, 2007 3:04am
we didnt get a good momentum reading...I will give you a trade signal...but go with small lot with exact TP and SL.. please.. >> who ever wanat to follow this.

GBP/JPY

Sell @ 247.10 area
SL @ 248.03
T.P @ 245.20
  • #10,143
  • Jul 26, 2007 3:08am Jul 26, 2007 3:08am
Well my friend thats putting them on the line....you are going to wait till its cleared yesterday's lows and passed 200ma?



Hope it works.....I will wait on the sidelines....

Glenn
  • #10,144
  • Jul 26, 2007 3:11am Jul 26, 2007 3:11am
the 1 hour trend turned and confirmed bearish.. so it a excellent sign of braking the support and going down.. I went short on the same . we may see some action end of london or in NY
  • #10,145
  • Jul 26, 2007 3:12am Jul 26, 2007 3:12am
Quoting BaasHarm!
tje,

I was trying to catch up with the thread, but with 25 pages I gave up.

Attached the daily chart I'm looking at. I see trendlines coming together at 246.40. Notice the similarity with the 6-8 bullrun.
I'm looking for a bounce of the trendlines to add more longs.

I guess we're consolidating untill auslanco's indicators turn bullish and than the combined buying power of the thread members will push this monster up beyond previous highs.
wow... are you going to cancel all the buy limit orders if it breaks the daily trendline and starts a 2000 pips down as in february ? heh
  • #10,146
  • Jul 26, 2007 3:12am Jul 26, 2007 3:12am
Quoting glenn5t
Well my friend thats putting them on the line....you are going to wait till its cleared yesterday's lows and passed 200ma?



Hope it works.....I will wait on the sidelines....

Glenn

sure glenn.. if anyone .. not sure please stay away on the side line..... not taking a position is as good as winning
  • #10,147
  • Jul 26, 2007 3:13am Jul 26, 2007 3:13am
ok...Iam with you on the short but I will wait a while for confirmation....

  • #10,148
  • Jul 26, 2007 3:16am Jul 26, 2007 3:16am
as for GBP/Usd please stay with you current order.. we may see some volume after 8,30GMT..
  • #10,149
  • Jul 26, 2007 3:17am Jul 26, 2007 3:17am
Hi Auslanco

Trying to understand your thought..with both momentum indicator under the 50% line and point north currently, you expect price to retrace to SMA and go south from there??

Thanks!

Sell @ 247.10 area
SL @ 248.03
T.P @ 245.20[/quote]
  • #10,150
  • Jul 26, 2007 3:18am Jul 26, 2007 3:18am
Auslanco,

Do you still think the GBP/USD is good for 60 pips?

Mike
  • #10,151
  • Jul 26, 2007 3:19am Jul 26, 2007 3:19am
What confirmation are you looking for?

Quoting glenn5t
ok...Iam with you on the short but I will wait a while for confirmation....

  • #10,152
  • Jul 26, 2007 3:20am Jul 26, 2007 3:20am
Quoting auslanco
as for GBP/Usd please stay with you current order.. we may see some volume after 8,30GMT..
Cancel that, you answered before I asked How'd you do that?!

Mike
  • #10,153
  • Jul 26, 2007 3:25am Jul 26, 2007 3:25am
BenQ

If you look at post #10011 ......you will see the confirmation I am looking for..

Glenn
  • #10,154
  • Jul 26, 2007 3:28am Jul 26, 2007 3:28am
guys, i think it's better for us to just wait for Auslanco's trade signals to mature first. it has always been the case of pre-mature entries leading to failed trades or unwarranted drawdowns.

i would also think he will update us on all the trade calls he has initiated in due course eh Auslanco? with less questions to answer he should be able to spend more time doing what he does best, monitoring the market.
  • #10,155
  • Edited 3:43am Jul 26, 2007 3:31am | Edited 3:43am
Quoting TSK
Hi Auslanco

Trying to understand your thought..with both momentum indicator under the 50% line and point north currently, you expect price to retrace to SMA and go south from there??

Thanks!

Sell @ 247.10 area
SL @ 248.03
T.P @ 245.20
[/quote]

Thats correct TSK.. this is a retracement 4hr bar... it may retrace to 247.20area.. I'm expecting the next bar to be a break out bar of the support line and shoot another 200 pips in NY or atleast tommorow asian. With all the news coming out of US today... next bar is very crucial...and thats why I want to take my position closer to 4hr 5 SMA and be ready for the south ride. 1 hr trend turned to bearish .. so thats a another confirmation of 200 pips south.
  • #10,156
  • Jul 26, 2007 3:37am Jul 26, 2007 3:37am
This was the 1hr trend turned bullish after the very first attempt to break 246.35. as you can see it was bullish all this time since the first attepmt untill now... thats why it couldnt break the support on 3 occations after the 1st attempt..
Attached Image
  • #10,157
  • Jul 26, 2007 3:39am Jul 26, 2007 3:39am
this is after it turned bearish and confirmed just an hour ago...so it's all ready to break the support now..
Attached Image
  • #10,158
  • Jul 26, 2007 3:40am Jul 26, 2007 3:40am
The 20 week average range (WAR) of 404 pips and the daily average range (DAR) of 191 pips are within 8 pips of one another. The 70% statistical probablilty range of motion (RM) for the daily and weekly is around 2.4645 area. The begining of the RM is based on currently highs for the day and week.
Attached Image
  • #10,159
  • Jul 26, 2007 3:51am Jul 26, 2007 3:51am
G/U on the move.
  • #10,160
  • Jul 26, 2007 3:51am Jul 26, 2007 3:51am
ok guys I'm currently on 35pip profit on GBP/USD trade signal.... is anyone else is partying out there?
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