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

  • #3,281
  • Aug 3, 2007 4:41am Aug 3, 2007 4:41am
Long From 240.52
Target 243.52
If NFP is good for USD it will go up.

hmmm...
  • #3,282
  • Aug 3, 2007 4:48am Aug 3, 2007 4:48am
Quoting Holypendant
Shorting at 242.50. stoploss at 243.24. TP is open. if it breaks 242, i'm seeing it goin back dwn to 238 range again.... any1 with me?
If it breaks 241.83.. it will go down to 235 range
  • #3,283
  • Aug 3, 2007 5:11am Aug 3, 2007 5:11am
Quoting Spanishfly
If it breaks 241.83.. it will go down to 235 range
I am also thinking short, this is what I see as support and resistance levels all of them are from fibo, I am thinking of shorting from 241.7 tp 239.7 sl 242.7, that is if the indicators on h1 and h4 will confirm it, right now is ranging...
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  • #3,284
  • Aug 3, 2007 5:23am Aug 3, 2007 5:23am
Quoting Spanishfly
If it breaks 241.83.. it will go down to 235 range

235range? it gotta break 237 2days ago the lowest pt before it can go further... i dont tink G/J will rise anymore for tis mth until sept. because, AUGUST is always the mth for JPY to rise...
  • #3,285
  • Aug 3, 2007 5:26am Aug 3, 2007 5:26am
Quoting fourxtrader
"...works better on equity markets than on the forex one." How so?

I'll take that as a word of caution and good advise to not rely on one single signal. The candlestick patterns are based on hundreds of years of trading behavior.

I thought this assessment of the ancient Japanese candlestick charting to be interesting. From an article by Gregory L. Morris, "Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures"



yeah , never use candlestick alone , if you see a good candle formation without looking at the others indicators you'll be in trouble
Candles are good to check the conditions of the market , they give you a lot of information but don't rely on only one single signal , you haveto make it confirmed by others indicators

Seb
COT: The precious data ignored
  • #3,286
  • Aug 3, 2007 5:33am Aug 3, 2007 5:33am
Quoting Holypendant
235range? it gotta break 237 2days ago the lowest pt before it can go further... i dont tink G/J will rise anymore for tis mth until sept. because, AUGUST is always the mth for JPY to rise...

Don't be so sure. Next major resistance is at 243.84. It will give a try to break that before it will go down.
  • #3,287
  • Aug 3, 2007 5:36am Aug 3, 2007 5:36am
Quoting Holypendant
235range? it gotta break 237 2days ago the lowest pt before it can go further... i dont tink G/J will rise anymore for tis mth until sept. because, AUGUST is always the mth for JPY to rise...
Look on august 2006, gbpjpy pulled up.
  • #3,288
  • Aug 3, 2007 5:38am Aug 3, 2007 5:38am
NFP might be nasty, becareful my friends
Trade what you see, not what you think.
  • #3,289
  • Aug 3, 2007 5:49am Aug 3, 2007 5:49am
3000 posts in a week, are you kidding me?

Did I get the timestamp wrong? ;p

Looks like things at some point turned into "another one of those pair threads"...no?
Trust price. Know yourself.
  • #3,290
  • Aug 3, 2007 5:51am Aug 3, 2007 5:51am
August GBP/JPY

2000: UP
2001:UP
2002:UP
2003: down
2004:UP
2005: down
2006:UP

2007:???

Am I wrong???
  • #3,291
  • Aug 3, 2007 5:54am Aug 3, 2007 5:54am
I put OCO buy and sell orders on either side of the current range. Hopefully I'll be able to catch a profit regardless of whether it's gonna go long or short... Unless, of course, it hits one of my orders and then reverses Which I guess is quite likely given this pair's volatility and due to the big news coming soon.
What do you guys think?
  • #3,292
  • Aug 3, 2007 5:58am Aug 3, 2007 5:58am
Quoting stevenou
I put OCO buy and sell orders on either side of the current range. Hopefully I'll be able to catch a profit regardless of whether it's gonna go long or short... Unless, of course, it hits one of my orders and then reverses Which I guess is quite likely given this pair's volatility and due to the big news coming soon.
What do you guys think?

Hey...according to my crystal ball

break 241.85 sell
break 243.84 buy
  • #3,293
  • Aug 3, 2007 5:59am Aug 3, 2007 5:59am
Quoting stevenou
I put OCO buy and sell orders on either side of the current range. Hopefully I'll be able to catch a profit regardless of whether it's gonna go long or short... Unless, of course, it hits one of my orders and then reverses Which I guess is quite likely given this pair's volatility and due to the big news coming soon.
What do you guys think?
Well I think you got some BIG cahonies to do that. The first and LAST time I tried that with this pair for this report I got whip sawed for some Mega pips. I spent the next 3 weeks re-building my account..

Good Luck if you try that, I wish you better luck than I had back then.
  • #3,294
  • Aug 3, 2007 6:00am Aug 3, 2007 6:00am
Quoting Spanishfly
Hey...according to my crystal ball

break 241.85 sell
break 243.84 buy
That seems like quite a big range. Are those major support and resistance levels?
Especially 243.84. How did you get that number??
  • #3,295
  • Aug 3, 2007 6:01am Aug 3, 2007 6:01am
Quoting Spanishfly
August GBP/JPY

2000: UP
2001:UP
2002:UP
2003: down
2004:UP
2005: down
2006:UP

2007:???

Am I wrong???

I saw on my MT, from 2000 until 2004, Yen is strengthen
But from 2005 and 2006, Yen is weak...

On August
  • #3,296
  • Aug 3, 2007 6:02am Aug 3, 2007 6:02am
Quoting kevinsw
Well I think you got some BIG cahonies to do that. The first and LAST time I tried that with this pair for this report I got whip sawed for some Mega pips. I spent the next 3 weeks re-building my account..

Good Luck if you try that, I wish you better luck than I had back then.
Haha, thanks. I think I'll need it...
  • #3,297
  • Aug 3, 2007 6:22am Aug 3, 2007 6:22am
Quoting stevenou
That seems like quite a big range. Are those major support and resistance levels?
Especially 243.84. How did you get that number??
auslanco's level stop reverse system
  • #3,298
  • Aug 3, 2007 6:26am Aug 3, 2007 6:26am
A fren of mine told me yen stregthen during august every yr.. maybe he's wrong n sorry for wrong info. regarding news coming out later, hw will it affect G/J?
  • #3,299
  • Aug 3, 2007 6:30am Aug 3, 2007 6:30am
Quoting Holypendant
A fren of mine told me yen stregthen during august every yr.. maybe he's wrong n sorry for wrong info. regarding news coming out later, hw will it affect G/J?
If I know i will be a billionire by now
  • #3,300
  • Edited 6:59am Aug 3, 2007 6:31am | Edited 6:59am
Quoting karmostaji
NFP might be nasty, becareful my friends
I totally agree with you, karmostaji.
I would like to watch it goes back to 241 in this NFP, to finish the retracement we were expecting for long hours. Then see it goes up again from there.

karmostaji, would you post it for us, if you have seen this case?
(Don't have any obligation though.)

BTW, keep it in mind, almost every NFP session, this pair goes up.
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