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

  • #1,761
  • Jul 31, 2007 8:00am Jul 31, 2007 8:00am
4h still showing strong uptrend towards 244 where the 23.6 fibo level lies and the trendline

http://img70.imageshack.us/img70/3460/gjkb2.gif
Trade what you see, not what you think.
  • #1,762
  • Jul 31, 2007 8:04am Jul 31, 2007 8:04am
Auslanco, Thanks for your directions for us. We are amazed once again by your TA arts.

I have one question. There are two folds of your skill, one is trend identification that I start to have a feeling gradually. The other one is about SL / TP selection. It's accurrate, but I cannot be sure about your magic.
Take this time, 240.03 as SL, I guess that is because it is the break level on Sunday, right? but why 242.20 TP? how do you determine that? Would you please enlighten me on that?

Thanks, let's talk about your TA arts more,
  • #1,763
  • Jul 31, 2007 8:04am Jul 31, 2007 8:04am
Quoting karmostaji
4h still showing strong uptrend towards 244 where the 23.6 fibo level lies and the trendline
So this is the after effects of the news - I guess!
  • #1,764
  • Jul 31, 2007 8:04am Jul 31, 2007 8:04am
Quoting bundubill
Hi Aus,

I got into GBP/JPY late and I'm -50 right now. Do I stay with it ?
If you are not overleveraged and you can stomach the drawdown you will be profitable. You should NEVER take a loss on GY long
  • #1,765
  • Jul 31, 2007 8:04am Jul 31, 2007 8:04am
Quoting charvo
Auslanco, Thanks for your directions for us. We are amazed once again by your TA arts.

I have one question. There are two folds of your skill, one is trend identification that I start to have a feeling gradually. The other one is about SL / TP selection. It's accurrate, but I cannot be sure about your magic.
Take this time, 240.03 as SL, I guess that is because it is the break level on Sunday, right? but why 242.20 TP? how do you determine that? Would you please enlighten me on that?

Thanks, let's talk about your TA arts more,
I thought it was 243.2
  • #1,766
  • Jul 31, 2007 8:05am Jul 31, 2007 8:05am
I think the gbpjpy is dropping because the usdjpy is dropping ( because of the negative usd news). Also the gbpusd is staying up because of the negative usd news also...for the time being.
  • #1,767
  • Jul 31, 2007 8:06am Jul 31, 2007 8:06am
Quoting charvo
Auslanco, Thanks for your directions for us. We are amazed once again by your TA arts.

I have one question. There are two folds of your skill, one is trend identification that I start to have a feeling gradually. The other one is about SL / TP selection. It's accurrate, but I cannot be sure about your magic.
Take this time, 240.03 as SL, I guess that is because it is the break level on Sunday, right? but why 242.20 TP? how do you determine that? Would you please enlighten me on that?

Thanks, let's talk about your TA arts more,
It's 243.20.. Daily 5 SMA
  • #1,768
  • Jul 31, 2007 8:08am Jul 31, 2007 8:08am

im just woke up...can someone told me what is the status rite now?...

"Analysis Is Hard But Trade Is Easy"
  • #1,769
  • Jul 31, 2007 8:09am Jul 31, 2007 8:09am
Quoting Se[V]eN

im just woke up...can someone told me what is the status rite now?...

Good time to go Long if u ask me! GJ reacting to the news is headed down from high of 242.99
  • #1,770
  • Jul 31, 2007 8:11am Jul 31, 2007 8:11am
Quoting s3padrian
I hope you're right though.. I Like being on the Long Side of GBPJPY

aah...yes....yes...join us on the Long side....
  • #1,771
  • Jul 31, 2007 8:11am Jul 31, 2007 8:11am
Quoting Timingy
Good time to go Long if u ask me! GJ reacting to the news is headed down from high of 242.99
got back in at 241.8
  • #1,772
  • Jul 31, 2007 8:12am Jul 31, 2007 8:12am

owh thx...still bullish...any point for reentry?

Quoting Timingy
Good time to go Long if u ask me! GJ reacting to the news is headed down from high of 242.99

"Analysis Is Hard But Trade Is Easy"
  • #1,773
  • Jul 31, 2007 8:13am Jul 31, 2007 8:13am
Quoting Big Bruv
aah...yes....yes...join us on the Long side....
Hey Big Bruv - ur rocket seems to have lost its boosters ....
  • #1,774
  • Jul 31, 2007 8:14am Jul 31, 2007 8:14am
Quoting Timingy
Hey Big Bruv - ur rocket seems to have lost its boosters ....
It may of needed to refuel.
  • #1,775
  • Jul 31, 2007 8:15am Jul 31, 2007 8:15am
Quoting Se[V]eN

owh thx...still bullish...any point for reentry?


Well we're way below the 1HR 5SMA and almost touched the 21EMA - so if I'm not mistaken you can jump in anytime now whilst we're still under the 5SMA...but then again AUS might have a different story to tell....
  • #1,776
  • Jul 31, 2007 8:17am Jul 31, 2007 8:17am
Quoting s3padrian
It may of needed to refuel.
just lost its bearing a bit...but still in the sky
"it doesn't come any sharper than this!"
  • #1,777
  • Jul 31, 2007 8:17am Jul 31, 2007 8:17am
Quoting Se[V]eN

owh thx...still bullish...any point for reentry?


I'm waiting for 1h candle to close, if it closes above 241.80 (23.6 fibo level (238.3-242.9)) i'll enter another position long
Trade what you see, not what you think.
  • #1,778
  • Jul 31, 2007 8:18am Jul 31, 2007 8:18am
Sorry not much into "news" I fundi's. Bad experiences. Have been wathing this currency a while. It will make u happi , it will make u cry. This is what I have, for yu experienced traders , am I on the right tract.

3 Fib plottings as follows larger 1st then so forth...

[a] a-228.76 / b-239.76 / c-236.41 / d-257.55 (with a less than 38.2 bounce. This curr seems to love that move.

[b] a-237.65 / b-247.93 / c-243.97 / d-254.28

[c] a-237.65 / b-251.05 / 238.26 / d-253.47

I like to look at the convergence point of the different fibs to see final outcome. Sometimes as u can see fro "d" points it ranges between 253.47 - 257.55. Lots to play with but the small a-b swing shud creat a more accurate picture and we draw closer to target.

Zum
  • #1,779
  • Jul 31, 2007 8:18am Jul 31, 2007 8:18am
Quoting DR.ich
just lost its bearing a bit...but still in the sky
Looks like its stuck to the launchpad from where I'm at -
  • #1,780
  • Jul 31, 2007 8:19am Jul 31, 2007 8:19am
Next major news out in 30 & 45 minutes on usd. Perhaps that is why we seems to be treading water...at the moment.
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