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

  • #7,801
  • Aug 15, 2007 12:27am Aug 15, 2007 12:27am
Quoting auslanco
You are right Karmo, this retrace could happen within this 4hrs.. my 10min SI crossed up,, just the first signal.
we are at the bottom of a channel as well, we might get a reversal.. anything is possible
Trade what you see, not what you think.
  • #7,802
  • Aug 15, 2007 12:28am Aug 15, 2007 12:28am
guys-- for those who are interested--- the 50 EMA is very powerful on the weekly chart-- plot it on your charts and see how it acts as a HUGE S/R
  • #7,803
  • Aug 15, 2007 12:29am Aug 15, 2007 12:29am
Aus, Karmo,

Do let us know when you guys enter the long trade =)
  • #7,804
  • Aug 15, 2007 12:29am Aug 15, 2007 12:29am
karmostaji,

That would be great if we could go long soon! I hope this current support holds.



Frank

Quoting karmostaji
we might be going long soon, I will post as soon as I enter the trade

I closed all my shorts
  • #7,805
  • Edited 12:33am Aug 15, 2007 12:31am | Edited 12:33am
Quoting auslanco
You are right Karmo, this retrace could happen within this 4hrs.. my 10min SI crossed up,, just the first signal.
But candles are still forming below TFT line on 10 min. chart they are formed above on 5 min. charts though
  • #7,806
  • Aug 15, 2007 12:34am Aug 15, 2007 12:34am
haha

Well, all is good
back to trading now.
I had a laugh myself too.
Why do people only post a nice trending period chart?
  • #7,807
  • Aug 15, 2007 12:35am Aug 15, 2007 12:35am
Quoting mansaf6
But candles are still forming below TFT line on 10 min. chart they are formed above on 5 min. charts though
yess you are correct, this is just the first signal of a retracement. You have to wait for more solid confirmation. These initial signals will prevent people going short again. But it doesn't mean I'm going long as yet.
  • #7,808
  • Aug 15, 2007 12:36am Aug 15, 2007 12:36am
Some other resistances besides channel
Attached Image (click to enlarge)
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  • #7,809
  • Aug 15, 2007 12:37am Aug 15, 2007 12:37am
Quoting auslanco
yess you are correct, this is just the first signal of a retracement. You have to wait for more solid confirmation. These initial signals will prevent people going short again. But it doesn't mean I'm going long as yet.
15 min is trying to cross over.....
  • #7,810
  • Aug 15, 2007 12:37am Aug 15, 2007 12:37am
Quoting karmostaji
we are at the bottom of a channel as well, we might get a reversal.. anything is possible
Karm...whos your broker? I notice when you said you're 1st tp hit (233.40), vt and my own broker chart was still at 233.70. thx
  • #7,811
  • Aug 15, 2007 12:38am Aug 15, 2007 12:38am
Guys... i have a question. frankly speaking, will GBP/JPY fall to 100?
  • #7,812
  • Aug 15, 2007 12:39am Aug 15, 2007 12:39am
Quoting khmr
Karm...whos your broker? I notice when you said you're 1st tp hit (233.40), vt and my own broker chart was still at 233.70. thx
At the time I said that, I just woke up and saw price somewhere close so i said that lol, for charting I use IBFX, but for trading I use Marketiva
Trade what you see, not what you think.
  • #7,813
  • Aug 15, 2007 12:46am Aug 15, 2007 12:46am
Quoting trader8686
15 min is trying to cross over.....
This could be either a start of a retracement or just a price consoldation before the next down move..4hr momentum is still very much pointing bearish. we have to be careful at this point .
  • #7,814
  • Aug 15, 2007 12:47am Aug 15, 2007 12:47am
Karmo, out of curiousity... are you still holding your GU long?
  • #7,815
  • Aug 15, 2007 12:49am Aug 15, 2007 12:49am
Quoting Richardj
Karmo, out of curiousity... are you still holding your GU long?
yes
Trade what you see, not what you think.
  • #7,816
  • Aug 15, 2007 12:59am Aug 15, 2007 12:59am
I wonder if Japan will let the Yen appreciate so much - it will hurt their exports. Maybe they'll reduce their interest rates to woo the carry traders again?
  • #7,817
  • Aug 15, 2007 1:05am Aug 15, 2007 1:05am
i use trailing stop for about 30 pips at 233.19.
  • #7,818
  • Aug 15, 2007 1:08am Aug 15, 2007 1:08am
Well, for my two cents' worth... I'm expecting a substantial drop in GU... and not too long away either.
  • #7,819
  • Aug 15, 2007 1:09am Aug 15, 2007 1:09am
karmo.. looks like your 232.50 has hit.. =)

well... what's GJ gonna do now..
  • #7,820
  • Aug 15, 2007 1:11am Aug 15, 2007 1:11am
can any1 tell me, will a currency pair kp dropping forever?
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