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

  • #6,881
  • Aug 13, 2007 6:59am Aug 13, 2007 6:59am
aaaaaaand another 4H bearish candle (GMT platform)
  • #6,882
  • Aug 13, 2007 7:01am Aug 13, 2007 7:01am
Quoting karmostaji
If US retail sales is negative, I expect more downward movement since UJ will fall, from the 4H chart it looks like it has more potential to go down.. 232.50 my TP
US retails sales have a big effect on the Japaneese economy. Just my thought..
  • #6,883
  • Aug 13, 2007 7:01am Aug 13, 2007 7:01am
Quoting teekee
I agreed with you karmostaji.....Your TP is based on GJ daily Chart FIbo 61.80% ??
By the way, may i know what is your entry point?
It is the 61.8 on daily, the 132.8 on my 4H chart also, I draw so many fibs on the weekend and they all told me 232.50 area, so what I'm doing is trading what my chart is telling me and not what I think/feel. Let's see
Trade what you see, not what you think.
  • #6,884
  • Aug 13, 2007 7:03am Aug 13, 2007 7:03am
Quoting auslanco
US retails sales have a big effect on the Japaneese economy. Just my thought..
I'm not very into fundamentals except for Interest rates n stuff, I'll stick to technicals and leave the fundamentals for our friend markam
Trade what you see, not what you think.
  • #6,885
  • Aug 13, 2007 7:03am Aug 13, 2007 7:03am
Quoting karmostaji
If US retail sales is negative, I expect more downward movement since UJ will fall, from the 4H chart it looks like it has more potential to go down.. 232.50 my TP
I am with you, I was holding my shorts from friday, I was in profit but still I closed them to early, I was reading on the thread up up..., and it got me influnced, now short again at 237.35 TP 236.05. Can someone post a link with some good information about hedging? I am tired of closing a position and after that the price doing exactely what I tought it would...
  • #6,886
  • Aug 13, 2007 7:06am Aug 13, 2007 7:06am
Quoting webstakes
Since this pair has 100-200 pips swing, Its not a bad idea to hold and recover when it starts to go up......Don't worry, You are not alone ;-)

dont worry , you are not alone as well
  • #6,887
  • Aug 13, 2007 7:09am Aug 13, 2007 7:09am
spiking up again. whats happening here fellas?
  • #6,888
  • Aug 13, 2007 7:11am Aug 13, 2007 7:11am
going to test 238.30 again
Trade what you see, not what you think.
  • #6,889
  • Aug 13, 2007 7:11am Aug 13, 2007 7:11am
negative gbp/jpy will go up..positive will go down
  • #6,890
  • Aug 13, 2007 7:12am Aug 13, 2007 7:12am
Quoting gr8collector
spiking up again. whats happening here fellas?
big boys are playing before the news!
  • #6,891
  • Aug 13, 2007 7:13am Aug 13, 2007 7:13am
Quoting gr8collector
spiking up again. whats happening here fellas?
I think the bullish sentiment is from the fundamental point of view, after reading through the links posted earlier this day on this forum I think the US stoch markets will also be up today, draging GJ with them, just waiting to see what markam thinks about this also
  • #6,892
  • Aug 13, 2007 7:13am Aug 13, 2007 7:13am
DJIA futures way up.
Retail sales expected positive or flat at worst.
Goldman Sachs reporting all is well. (Positive news at least)
Same story this week as last.
This will follow DJIA all day and I see a 200+ point rally coming down the pipes.
IMHO...........
  • #6,893
  • Aug 13, 2007 7:18am Aug 13, 2007 7:18am
Quoting Rustyyy
DJIA futures way up.
Retail sales expected positive or flat at worst.
Goldman Sachs reporting all is well. (Positive news at least)
Same story this week as last.
This will follow DJIA all day and I see a 200+ point rally coming down the pipes.
IMHO...........
Thanks.............I feel this market has short memory.....
  • #6,894
  • Aug 13, 2007 7:23am Aug 13, 2007 7:23am
Quoting karmostaji
going to test 238.30 again
Why do you say 'again' ? my chart doesn't show me this
enlighten me please

thk
COT: The precious data ignored
  • #6,895
  • Aug 13, 2007 7:24am Aug 13, 2007 7:24am
who knows the way bi4 the news, UP or DOWN. it is the mater
  • #6,896
  • Aug 13, 2007 7:24am Aug 13, 2007 7:24am
Quoting kuroro001
Why do you say 'again' ? my chart doesn't show me this
enlighten me please

thk
it was support earlier, it is resistance now
Trade what you see, not what you think.
  • #6,897
  • Aug 13, 2007 7:34am Aug 13, 2007 7:34am
Quoting Rustyyy
DJIA futures way up.
Retail sales expected positive or flat at worst.
Goldman Sachs reporting all is well. (Positive news at least)
Same story this week as last.
This will follow DJIA all day and I see a 200+ point rally coming down the pipes.
IMHO...........

Retail sales ok, so market should open big. watch out for people trying to take advantage of a spike to reduce their exposure. I wouldn't be suprised if it didn't head back down after opening, at least temporarily.
  • #6,898
  • Aug 13, 2007 7:34am Aug 13, 2007 7:34am
Quoting karmostaji
it was support earlier, it is resistance now
back to being support again
  • #6,899
  • Aug 13, 2007 7:37am Aug 13, 2007 7:37am
The way the market is right now, any news, positive or negative, will have a higher than normal affect on the currencies.
This week will be the same as last up 400/down 400.
High volatility = opportunity to make a lot.....or lose a lot.

Hope we all make some money this week.



Anyone notice the weekly chart on GBP/JPY from last week.
Open/Close 1 pip away........
  • #6,900
  • Aug 13, 2007 7:39am Aug 13, 2007 7:39am
Quoting markam
Retail sales ok, so market should open big. watch out for people trying to take advantage of a spike to reduce their exposure. I wouldn't be suprised if it didn't head back down after opening, at least temporarily.
Agreed. Also clear out some stops as well.
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