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

  • #5,381
  • Aug 9, 2007 5:34am Aug 9, 2007 5:34am
A diiferent view of the channel recently posted...
Attached Image
Gone to a better place
  • #5,382
  • Aug 9, 2007 5:37am Aug 9, 2007 5:37am
erm.. i had a qns hope some of u may clear my doubts. tis pair is for carry trade rite? den y does it kp drop? does tt mean nobody goin carry trade tis pair anymore? or those big guys out there waiting for it to retrace back to 237 once more before carrying again?
  • #5,383
  • Aug 9, 2007 5:41am Aug 9, 2007 5:41am
Anyone thinking of going long on GJ yet?
  • #5,384
  • Aug 9, 2007 5:44am Aug 9, 2007 5:44am
closed position

253 pips!!!
  • #5,385
  • Aug 9, 2007 5:48am Aug 9, 2007 5:48am
Quoting intelmaster
Anyone thinking of going long on GJ yet?

For sure not me , if you look at the QQE , 1h crossed down and it is below the 50 line , 4h seems to be in the same way
And NY opens soon , wait for it
COT: The precious data ignored
  • #5,386
  • Aug 9, 2007 5:52am Aug 9, 2007 5:52am
Quoting lilmoe
closed position

253 pips!!!
Well done!

The other thing you could do if you aren't sure is to move your stop down to secure about 200 pip profit and hope that it keeps going further. It helps at this point to go to a smaller time frame and keep manualy trailing your stop - a good safe way to keep in the game.

Mike
  • #5,387
  • Aug 9, 2007 5:56am Aug 9, 2007 5:56am
current resistance is 241.07. if it breaks, r we goin dw?
  • #5,388
  • Aug 9, 2007 5:57am Aug 9, 2007 5:57am
Quoting smikester
I am in agreemeent. Shorts should be wary. There is some considerable bullish divergence in the 4 hour.
Where is the divergence? I cant find it..

Can you post a chart?
  • #5,389
  • Aug 9, 2007 5:59am Aug 9, 2007 5:59am
one hour left until 4hr bar closes. QQE already crossed rsislow. now we wait until it crosses 50 and 200-300 pips Aus?
  • #5,390
  • Aug 9, 2007 5:59am Aug 9, 2007 5:59am

hell NO !!!!!!...the channel is goin true and i miss the train

"Analysis Is Hard But Trade Is Easy"
  • #5,391
  • Aug 9, 2007 6:00am Aug 9, 2007 6:00am
i'm abit confuse. r u all goin long or short?
  • #5,392
  • Aug 9, 2007 6:01am Aug 9, 2007 6:01am
Quoting MikeW
Well done!

The other thing you could do if you aren't sure is to move your stop down to secure about 200 pip profit and hope that it keeps going further. It helps at this point to go to a smaller time frame and keep manualy trailing your stop - a good safe way to keep in the game.

Mike

thanks for the tip pal!
i've had my TP at 240.60, but i LEARNED not to be greedy
as i'm writing this GJ is 240.80! man 50 pips more than when i closed the position, hehehe, oh well. somthing is WAY better than nothing
  • #5,393
  • Aug 9, 2007 6:02am Aug 9, 2007 6:02am
How low can this go? European markets have crashed.. DOW will probably go down too .. might see a massacre today.
  • #5,394
  • Aug 9, 2007 6:03am Aug 9, 2007 6:03am

what the hell is goin on !!!...bastard..

"Analysis Is Hard But Trade Is Easy"
  • #5,395
  • Aug 9, 2007 6:03am Aug 9, 2007 6:03am
Quoting Holypendant
i'm abit confuse. r u all goin long or short?

everyone is waiting for the retracement to end, i had that position open since yesturday when it first touched to top of the channel i posted earlier. i wouldn't recommend you enter now
  • #5,396
  • Aug 9, 2007 6:03am Aug 9, 2007 6:03am
i had a long at 241.88. tot it will go up n break 244...
  • #5,397
  • Aug 9, 2007 6:04am Aug 9, 2007 6:04am
Quoting gr8collector
one hour left until 4hr bar closes. QQE already crossed rsislow. now we wait until it crosses 50 and 200-300 pips Aus?
I doesn't need to cross the 50 on the 4hr, just point down & cross over the slow; correct me if I am wrong. The 1hr has to cross the the 50 for that move as well (which has been done).

Correct me if I am wrong.
Le singe est dans l'arbre
  • #5,398
  • Aug 9, 2007 6:05am Aug 9, 2007 6:05am
Quoting hi6hlander
I doesn't need to cross the 50 on the 4hr, just point down & cross over the slow; correct me if I am wrong. The 1hr has to cross the the 50 for that move as well (which has been done).

Correct me if I am wrong.
Sorry short from 241.96 & not 242.96.
Le singe est dans l'arbre
  • #5,399
  • Aug 9, 2007 6:05am Aug 9, 2007 6:05am
Quoting Se[V]eN

what the hell is goin on !!!...bastard..

Bunch of bad news all coming out together - BNP bank, then another fund company reported $180 million or so loss because of subprimes. Basically, risk of housing crash has already spread to europe - causing some of their banks to go into huge losses.

At this time, everyone wants to bail out. It's back to the carry trade 'unwinding' (for now) unless Bernanke says 'Hey guys, it's all ok ! Don't sweat!'
  • #5,400
  • Aug 9, 2007 6:06am Aug 9, 2007 6:06am
Quoting Se[V]eN

what the hell is goin on !!!...bastard..


this could touch the bottom of the channel i posted at #5367.

i believe it would be 239.##
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