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

  • #221
  • Jul 29, 2007 3:51pm Jul 29, 2007 3:51pm
Quoting Bemac
Get outta that Trade Now.
You may be right &, IF you are, there is a much better entry coming {probably within the next hour or so}.
Hi bemac,
Some people dont have the option to get out of any short trades. Their brokers are still asleep
  • #222
  • Jul 29, 2007 3:53pm Jul 29, 2007 3:53pm
Quoting auslanco
LOL...If I say yes there will be 70 people here would want to go against the trend .
Never go against the trend - believe me - I found that out the hard way last week. No matter how tempting - DONT DO IT
  • #223
  • Jul 29, 2007 3:53pm Jul 29, 2007 3:53pm
Quoting auslanco
1Hr strength indicator crosses down. We may see a retracement up to 240.50 area during the mid asian seesion to close the weekend gap. This will be a good opportunity for us to go down. It may go down to lower 238 area today.

I see a big move this asia session. down to 237.6.
Don't be panic when it's negative
  • #224
  • Jul 29, 2007 3:54pm Jul 29, 2007 3:54pm
Quoting Timingy
Never go against the trend - believe me - I found that out the hard way last week. No matter how tempting - DONT DO IT
lost 300 bucks for against the trend, never do it again.
just wait retracement and enter again
Don't be panic when it's negative
  • #225
  • Jul 29, 2007 3:55pm Jul 29, 2007 3:55pm
Quoting auslanco
Hi bemac,
Some people dont have the option to get out of any short trades. Their brokers are still asleep
my broke opens at 5:15, OMG, lost a lot of pips ,just staring it keep losing.
Don't be panic when it's negative
  • #226
  • Jul 29, 2007 3:55pm Jul 29, 2007 3:55pm
Quoting Dobin
I see a big move this asia session. down to 237.6.
I don't know why but I feel that in the Asian session, there will be gbp/jpy strengthening.. and then during the london session there will be a full fledged sell-off..

But then, I'm mostly wrong when it comes to gbp/jpy :
  • #227
  • Jul 29, 2007 3:56pm Jul 29, 2007 3:56pm
Quoting auslanco
Hi bemac,
Some people dont have the option to get out of any short trades. Their brokers are still asleep
Sorry Aus,
I didn't explain my reasoning as it is not encompassed by your method {of which I have tried to follow in full. Lurker BMc} Just tryin' to save one of your flock from despair.
  • #228
  • Jul 29, 2007 3:57pm Jul 29, 2007 3:57pm
4 hourley momentum is extremly bearish.If any one wants to go long be little careful as this may not be the right price to enter.
Attached Image
  • #229
  • Jul 29, 2007 3:59pm Jul 29, 2007 3:59pm
Quoting VishalJ
I don't know why but I feel that in the Asian session, there will be gbp/jpy strengthening.. and then during the london session there will be a full fledged sell-off..

But then, I'm mostly wrong when it comes to gbp/jpy :
LOL, my feeling is totally opposite
big sell off in aisa , small sell off in london.
Don't be panic when it's negative
  • #230
  • Jul 29, 2007 3:59pm Jul 29, 2007 3:59pm
Quoting Bemac
Sorry Aus,
I didn't explain my reasoning as it is not encompassed by your method {of which I have tried to follow in full. Lurker BMc} Just tryin' to save one of your flock from despair.
I just heard your were screeming all the way here in Perth
  • #231
  • Jul 29, 2007 4:01pm Jul 29, 2007 4:01pm
Quoting auslanco
I just heard your were screeming all the way here in Perth
HEY ! Those are Bagpipes and it's called a Skirl....:
  • #232
  • Jul 29, 2007 4:06pm Jul 29, 2007 4:06pm
Quoting auslanco
1Hr strength indicator crosses down. We may see a retracement up to 240.50 area during the mid asian seesion to close the weekend gap. This will be a good opportunity for us to go down. It may go down to lower 238 area today.
So whats the story with that 'weekend gap'. Happens often! or just a hunch?
  • #233
  • Edited 4:30pm Jul 29, 2007 4:07pm | Edited 4:30pm
This time , gap may not be filled!
I studied the chart for 5 hours
Look back to Feb. 27. March 2 is friday, and Dow dropped a lot.
March 5 is the opening(monday), it opens with a downside gap. that gap is never filled. After 1 hour small movement, it dropped 350 in 1.5 hours.
I think because the Dow dropped at last minutes, market didn't react to that, then after opening, the market tried to sell off ASAP.

History is so similar, last friday, Dow dropped 150 in last 15 minutes.
my broker closed at 240.61, but now it's 239.8, I think the trader didn't react to that drop in Dow for the late friday. this gap may not be filled and after 6 , there could be a big sell off down to 237.6 which is 61,8% then retrace back to 238 , and sidewalk around 237.6, london session will push it down to 235.

Looking at the charts, all of them are bearish.
I just worried that can't find a good enter price before the big sell-off.
I will in when is 5:45 if the market doesn't move a lot
Don't be panic when it's negative
  • #234
  • Jul 29, 2007 4:09pm Jul 29, 2007 4:09pm
Quoting Timingy
So whats the story with that 'weekend gap'. Happens often! or just a hunch?
But then again the 1HR momentum is pointing sharply upwards - so I'm for an upward move in the next hour or 2
  • #235
  • Jul 29, 2007 4:12pm Jul 29, 2007 4:12pm
Quoting Dobin
This time , gap may not be filled!
I studied the chart for 5 hours
Look back to Feb. 27. March 2 is friday, and Dow dropped a lot.
March 5 is the opening(monday), it opens with a downside gap. that gap is never filled. After 1 hour small movement, it dropped 350 in 1.5 hours.
I think because the Dow dropped at last minutes, market didn't react to that, then after opening, the market tried to sell off ASAP.

History is so similar, last friday, Dow dropped 150 in last 15 minutes.
my broker closed at 240.61, but now it's 237.8, I think the trader didn't react to that drop in Dow for the late friday. this gap may not be filled and after 6 , there could be a big sell off down to 237.6 which is 61,8% then retrace back to 238 , and sidewalk around 237.6, london session will push it down to 235.

Looking at the charts, all of them are bearish.
I just worried that can't find a good enter price before the big sell-off.
I will in when is 5:45 if the market doesn't move a lot

Dont you worry my friend If the gap is not filled we can enter on or closer to 5 SMA which is always a safe place to enter trades.
  • #236
  • Jul 29, 2007 4:13pm Jul 29, 2007 4:13pm
Quoting Dobin
This time , gap may not be filled!
I studied the chart for 5 hours
Look back to Feb. 27. March 2 is friday, and Dow dropped a lot.
March 5 is the opening(monday), it opens with a downside gap. that gap is never filled. After 1 hour small movement, it dropped 350 in 1.5 hours.
I think because the Dow dropped at last minutes, market didn't react to that, then after opening, the market tried to sell off ASAP.

History is so similar, last friday, Dow dropped 150 in last 15 minutes.
my broker closed at 240.61, but now it's 237.8, I think the trader didn't react to that drop in Dow for the late friday. this gap may not be filled and after 6 , there could be a big sell off down to 237.6 which is 61,8% then retrace back to 238 , and sidewalk around 237.6, london session will push it down to 235.

Looking at the charts, all of them are bearish.
I just worried that can't find a good enter price before the big sell-off.
I will in when is 5:45 if the market doesn't move a lot
Supposedly price will try to go bak to the 5SMA or as near as possible to it - thats where one might enter. I would enter at somewhere around 240.25 if I was to take that trade.
  • #237
  • Jul 29, 2007 4:14pm Jul 29, 2007 4:14pm
Quoting auslanco
Dont you worry my friend If the gap is not filled we can enter on or closer to 5 SMA which is always a safe place to enter trades.
sure, if the trend is clear.
Now, In my eyes, it's 90% down, and I just hope it could have a retracement to 240.
LOL,
Don't be panic when it's negative
  • #238
  • Jul 29, 2007 4:15pm Jul 29, 2007 4:15pm
Quoting Timingy
Supposedly price will try to go bak to the 5SMA or as near as possible to it - thats where one might enter. I would enter at somewhere around 240.25 if I was to take that trade.
I hope we can have enter price above 240
Don't be panic when it's negative
  • #239
  • Jul 29, 2007 4:17pm Jul 29, 2007 4:17pm
I don't recommend start trading right at the opening of the market.
wait a little...
  • #240
  • Jul 29, 2007 4:17pm Jul 29, 2007 4:17pm
Quoting Timingy
Supposedly price will try to go bak to the 5SMA or as near as possible to it - thats where one might enter. I would enter at somewhere around 240.25 if I was to take that trade.
Wow Timi,
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