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

  • #4,441
  • Aug 7, 2007 4:36am Aug 7, 2007 4:36am
Quoting auslanco
Still 70% of the chance this may break out upwards.
Won't the GBP/USD go downwards if the US news is good??
  • #4,442
  • Aug 7, 2007 4:38am Aug 7, 2007 4:38am
Quoting auslanco
4hr up, 1hr up, the price was @ 5sma of 1hr and 30 min TFT crossed over upwards
'A',

Sorry to bother you with this earlier post but my VT Chart didn't show a close above the TFT on the 30M (and it still hasn't as of this post). I'm curious about this because I know that it was one of the reasons you went long at that time. I haven't figured out how to take pictures of charts in VT yet but if you could show a snapshot of your 30M it would help. I want to make sure I have the same settings on such an important indicator. Thanks.

M2B
  • #4,443
  • Aug 7, 2007 4:39am Aug 7, 2007 4:39am
Quoting auslanco
Still 70% of the chance this may break out upwards.
4h is still bearish.. just needs to turn up..

1h won't have to work too hard to cross back over the 50?

So I guess you're right..

BTW...

Are you doing the newstrade in the thread or shall we just try and catch it at the top of up spike to ride down?

Watch the momentum on the upspike? I know you said so.. ill check back which timeframe you said to watch.
  • #4,444
  • Aug 7, 2007 4:39am Aug 7, 2007 4:39am
Quoting Blah Blah
Won't the GBP/USD go downwards if the US news is good??
Yes.. GU will go down if there's no rate cuts.
  • #4,445
  • Aug 7, 2007 4:40am Aug 7, 2007 4:40am
Quoting eddyns
Hi,

I am short GBP at 2.0270. Any comment
Hi eddyns,

For GBP/USD , i would have personaly wait for this pair to break the trendline :

Attached Image


But maybe i'm wrong

SEB
COT: The precious data ignored
  • #4,446
  • Aug 7, 2007 4:47am Aug 7, 2007 4:47am
Quoting my2buoys
'A',

Sorry to bother you with this earlier post but my VT Chart didn't show a close above the TFT on the 30M (and it still hasn't as of this post). I'm curious about this because I know that it was one of the reasons you went long at that time. I haven't figured out how to take pictures of charts in VT yet but if you could show a snapshot of your 30M it would help. I want to make sure I have the same settings on such an important indicator. Thanks.

M2B
It was just about above the TFT when I pulled the trigger @ 241.29.. It suddenly went down since then.. to a ranging market. Not very uncommon .. when you consider the average trade length of this strategy is about 24 hours. I have kept adequate SL of 100 pips from my entry. It's very rarely goes down 100 pips from 5sma of 1hr(where I entered) when 4hr also bullish. I have seen many times a drawdown of 60-80 pips but not many 100 pip drawdowns.
  • #4,447
  • Aug 7, 2007 4:52am Aug 7, 2007 4:52am

almost break as i see...if it break we will find weekly S2 at 0100..

Quoting kuroro001
Hi eddyns,

Quoting kuroro001

For GBP/USD , i would have personaly wait for this pair to break the trendline :

Attachment

But maybe i'm wrong

SEB
"Analysis Is Hard But Trade Is Easy"
  • #4,448
  • Aug 7, 2007 4:54am Aug 7, 2007 4:54am
Quoting mjolimer
4h is still bearish.. just needs to turn up..

1h won't have to work too hard to cross back over the 50?

So I guess you're right..

BTW...

Are you doing the newstrade in the thread or shall we just try and catch it at the top of up spike to ride down?

Watch the momentum on the upspike? I know you said so.. ill check back which timeframe you said to watch.
When the 4hr crossed up but still below 50 line .. I consider the 4hr strength is bullish.
1hr will cross upwards if the price breaks the upper range of 241.50 area. Then we will see the price may reach 243.80 area.

or

If the price breaks downwards.. 4hr will cross down around 238.90 area . Then we will se the prices may reach 235 area within this week.
  • #4,449
  • Aug 7, 2007 4:55am Aug 7, 2007 4:55am
Anyone trading the nonfarm news or all waiting for the interest rates?
  • #4,450
  • Aug 7, 2007 5:08am Aug 7, 2007 5:08am

if nonfarm breaking the S1 im shortin

Quoting mjolimer
Anyone trading the nonfarm news or all waiting for the interest rates?

"Analysis Is Hard But Trade Is Easy"
  • #4,451
  • Aug 7, 2007 5:12am Aug 7, 2007 5:12am
Would like to see a 30M close above this trend line, and even above the 38 Fibo, to initiate/confirm longs, somewhere around 240.70-75 area.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 30m.jpg Size: 39 KB
  • #4,452
  • Aug 7, 2007 5:13am Aug 7, 2007 5:13am
Quoting Se[V]eN

if nonfarm breaking the S1 im shortin


what the hell is S1?
  • #4,453
  • Aug 7, 2007 5:13am Aug 7, 2007 5:13am
GU will go down.. Hope GJ goes up
  • #4,454
  • Aug 7, 2007 5:16am Aug 7, 2007 5:16am
Any news from Dow Jones???
  • #4,455
  • Aug 7, 2007 5:17am Aug 7, 2007 5:17am
Guys did u see the triangle by 1H?
Attached Image (click to enlarge)
Click to Enlarge Name: без име.jpg Size: 95 KB
  • #4,456
  • Aug 7, 2007 5:20am Aug 7, 2007 5:20am
Here is a simple resource for chart patterns like triangle and wedges.

www.chartpatterns.com
  • #4,457
  • Aug 7, 2007 5:21am Aug 7, 2007 5:21am
Quoting auslanco
Any news from Dow Jones???
Futures currently point downward -- but direction can't be guessed till the rate statement comes out. Also aus.. I think GU won't go up or down if rate is not changed.. that will depend on the statement that is issued later.
  • #4,458
  • Aug 7, 2007 5:21am Aug 7, 2007 5:21am

owh sorry...S1 is stand for support 1 which is 0250(cable weekly pivot)...if its breakin im gonna short aiming weekly pivot support 2 at 0100

Quoting Orient_mist
what the hell is S1?

"Analysis Is Hard But Trade Is Easy"
  • #4,459
  • Aug 7, 2007 5:25am Aug 7, 2007 5:25am
Quoting mjolimer
I get them from here...


http://www.advfn.com/p.php?pid=globa...&cb=1186076584

any use?
I LIKE this chart on the DJI... can make it to what ever time frame you like.. I hope it is this good when the market is open.. I ain't figured out just yet how to get it on my mt4 yet but it might be a broker thing.

I think this will help with this monster pair.

Thanks
  • #4,460
  • Aug 7, 2007 5:25am Aug 7, 2007 5:25am
Quoting VishalJ
Futures currently point downward -- but direction can't be guessed till the rate statement comes out. Also aus.. I think GU won't go up or down if rate is not changed.. that will depend on the statement that is issued later.
Agreed
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