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

  • #8,761
  • Aug 15, 2007 9:49pm Aug 15, 2007 9:49pm
Quoting trader8686
Do you know that we are downward first or retrace first?
GJ has stalled for hours. (or you may call it ranging)
We've dropped so far, and so fast, that we've left an empty hole of zero force behind us. The downwards forces need time to catch us up... a day or two until they start pulling us down again. In the meantime, the only downward force is in the weekly domain... and those are rather like distant storms, which may or may not influence us.

So - in boring practical terms, these distant weekly forces may be sufficient to pull us down some more... or whilst we are awaiting the more reliable forces, we may either stay where we are, consolidating and waiting, or we may return to resistance.
  • #8,762
  • Aug 15, 2007 9:49pm Aug 15, 2007 9:49pm
Quoting auslanco
Hi everyone
good morning how are you?
  • #8,763
  • Aug 15, 2007 9:49pm Aug 15, 2007 9:49pm
Quoting auslanco
Hi everyone
Good morning, Aus.
  • #8,764
  • Aug 15, 2007 9:49pm Aug 15, 2007 9:49pm
All the markets seem to be heading down but GBP/JPY is stading firm in the 231.20-231.40 range.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #8,765
  • Aug 15, 2007 9:51pm Aug 15, 2007 9:51pm
Quoting auslanco
Hi everyone

Hi, Aus!
  • #8,766
  • Aug 15, 2007 9:51pm Aug 15, 2007 9:51pm
Quoting auslanco
I just assume everyone is short
where do you see us heading the Aus
  • #8,767
  • Aug 15, 2007 9:53pm Aug 15, 2007 9:53pm
Quoting auslanco
Hi everyone

Hi Aus.
  • #8,768
  • Aug 15, 2007 9:56pm Aug 15, 2007 9:56pm
hey Aus
  • #8,769
  • Aug 15, 2007 9:56pm Aug 15, 2007 9:56pm
I have been trying to teach people the "just screw it" approach to entry times, but for some reason they seem to trust your approach better.

Just no pleasing some people
  • #8,770
  • Aug 15, 2007 9:57pm Aug 15, 2007 9:57pm
Quoting markam
I have been trying to teach people the "just screw it" approach to entry times, but for some reason they seem to trust your approach better.

Just no pleasing some people
you still long markem
  • #8,771
  • Aug 15, 2007 9:58pm Aug 15, 2007 9:58pm
Quoting dirtymonkey79
you still long markem
No, I didn't make my million pips.
  • #8,772
  • Aug 15, 2007 9:58pm Aug 15, 2007 9:58pm
I'm short from 232.70.
But Iget a feeling this has a chance to turn back up. 5min and 15min SI's are in strong bullish strengths.. untill they cross down.. I will keep my fingers crossed
  • #8,773
  • Aug 15, 2007 10:05pm Aug 15, 2007 10:05pm
Look at AUDJPY! Once AUDGBP reaches 0.40, it should be our chance to catch them up.
  • #8,774
  • Aug 15, 2007 10:06pm Aug 15, 2007 10:06pm
Nice little channel during this Asian session, nice to trade...
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  • #8,775
  • Aug 15, 2007 10:06pm Aug 15, 2007 10:06pm
Or if you prefer (though it's rather depressing for those without AUD shorts), look at AUDGBP.
  • #8,776
  • Aug 15, 2007 10:07pm Aug 15, 2007 10:07pm
hey aus welcome back,
do you still expect 1hr strength to come back over 50 and then cross back down? or do you think price will just keep continuing down?
  • #8,777
  • Aug 15, 2007 10:10pm Aug 15, 2007 10:10pm
Quoting Richardj
Look at AUDJPY! Once AUDGBP reaches 0.40, it should be our chance to catch them up.
hey,
can u explain wat u meant by that.
  • #8,778
  • Aug 15, 2007 10:12pm Aug 15, 2007 10:12pm
Hooray! GU support broken!
  • #8,779
  • Aug 15, 2007 10:15pm Aug 15, 2007 10:15pm
Quoting sdot
hey aus welcome back,
do you still expect 1hr strength to come back over 50 and then cross back down? or do you think price will just keep continuing down?
Hi sdot... Price will keep contnue down.. But there will be supprt around 229.50 area(monthly TFT).. the price could bounce up from that level.
  • #8,780
  • Aug 15, 2007 10:17pm Aug 15, 2007 10:17pm
Quoting msheno01
hey,
can u explain wat u meant by that.

Well, simply that AUDGBP has been dropping like mad - so AUDJPY was dropping much faster than GJ. Obviously, GJ will be dragged down, eventually, by that move - provided that AUDGBP slows down or stops.
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