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

  • #20,761
  • Sep 3, 2007 8:44pm Sep 3, 2007 8:44pm
Quoting 59fender
lower highs lower low
fifteen minute chart
adding to my short full leverage
  • #20,762
  • Sep 3, 2007 8:45pm Sep 3, 2007 8:45pm
Quoting my2buoys
Careful, 59. Taking trades on analysis of the 15M chart alone is dangerous. Just ask Richard who hasn't been around since his prediction, based solely upon a 15M chart, failed miserably last week. As far as lower lows, I don't see it. 233.38 followed a while later by 233.36 would be considered more of a double bottom than a lower low. Remember, there is very good support at 233.40.

M2B
I trade off of the daily chart,don't worry about me 232.50
  • #20,763
  • Sep 3, 2007 8:47pm Sep 3, 2007 8:47pm
Quoting 59fender
I trade off of the daily chart,don't worry about me 232.50


ANd what do you see on the daily?
  • #20,764
  • Sep 3, 2007 8:48pm Sep 3, 2007 8:48pm
Quoting my2buoys
Careful, 59. Taking trades on analysis of the 15M chart alone is dangerous. Just ask Richard who hasn't been around since his prediction, based solely upon a 15M chart, failed miserably last week. As far as lower lows, I don't see it. 233.38 followed a while later by 233.36 would be considered more of a double bottom than a lower low. Remember, there is very good support at 233.40.

M2B
Just like there is very good resistance at the 235.5 area. One of them is going to have to break eventually.
  • #20,765
  • Sep 3, 2007 8:51pm Sep 3, 2007 8:51pm
Quoting my2buoys
Careful, 59. Taking trades on analysis of the 15M chart alone is dangerous. Just ask Richard who hasn't been around since his prediction, based solely upon a 15M chart, failed miserably last week. As far as lower lows, I don't see it. 233.38 followed a while later by 233.36 would be considered more of a double bottom than a lower low. Remember, there is very good support at 233.40.

M2B
when ever a strategy trade comes along 59 has a habit of taking the opposite trade. Since this thread started we had 6 strategy trades with 5 wins 1 loss. There for I believe his analysis correct only 17% .
  • #20,766
  • Sep 3, 2007 8:54pm Sep 3, 2007 8:54pm
Quoting dimmi
ANd what do you see on the daily?
double top 235.52 secound top two pips lower 235.50 a lower high. a break below 227.29 and look out below
Attached Image (click to enlarge)
Click to Enlarge Name: friday 8-31 07 std 232.50 double top.gif Size: 33 KB
  • #20,767
  • Sep 3, 2007 8:55pm Sep 3, 2007 8:55pm
Quoting markam
Just like there is very good resistance at the 235.5 area. One of them is going to have to break eventually.
On that we are in complete agreement, oh Great Falling Bear.

M2B
Attached Image
  • #20,768
  • Sep 3, 2007 8:59pm Sep 3, 2007 8:59pm
Quoting 59fender
double top 235.52 secound top two pips lower 235.50 a lower high. a break below 227.29 and look out below
No offense intended but two pips on the GBP/JPY can't be used as a benchmark for a lower low or higher high. Maybe on the EUR/GBP but not the GBP/JPY. The GBP/JPY jumps 20 pips when Fukui farts.

M2B
  • #20,769
  • Sep 3, 2007 9:03pm Sep 3, 2007 9:03pm
30M crossed up on QQE and confirmed. Will go long at 1H 5SMA or possibly 30M 5SMA.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 30m.gif Size: 21 KB
  • #20,770
  • Sep 3, 2007 9:05pm Sep 3, 2007 9:05pm
Quoting my2buoys
No offense intended but two pips on the GBP/JPY can't be used as a benchmark for a lower low or higher high. Maybe on the EUR/GBP but not the GBP/JPY. The GBP/JPY jumps 20 pips when Fukui farts.

M2B
no offence taken,but two pips on the pound/yen can make a huge difference,watch
  • #20,771
  • Sep 3, 2007 9:07pm Sep 3, 2007 9:07pm
Does anybody else have a problem with VT screwing up Internet Explorer? After VT runs a while, my IE windows stop working right. I have to shut down VT, all my IE windows, and restart everything.

I guess I will switch over to firefox, since I am sure it won't happen then.
  • #20,772
  • Sep 3, 2007 9:08pm Sep 3, 2007 9:08pm
Quoting markam
Does anybody else have a problem with VT screwing up Internet Explorer? After VT runs a while, my IE windows stop working right. I have to shut down VT, all my IE windows, and restart everything.

I guess I will switch over to firefox, since I am sure it won't happen then.
I had the same issue sometime back. But now I use Firefox. No Issues now
  • #20,773
  • Sep 3, 2007 9:08pm Sep 3, 2007 9:08pm
Quoting my2buoys
No offense intended but two pips on the GBP/JPY can't be used as a benchmark for a lower low or higher high. Maybe on the EUR/GBP but not the GBP/JPY. The GBP/JPY jumps 20 pips when Fukui farts.

M2B
  • #20,774
  • Sep 3, 2007 9:09pm Sep 3, 2007 9:09pm
Quoting markam
Does anybody else have a problem with VT screwing up Internet Explorer? After VT runs a while, my IE windows stop working right. I have to shut down VT, all my IE windows, and restart everything.

I guess I will switch over to firefox, since I am sure it won't happen then.
I have never had any problems at all. I use Windows Vista though... not sure if it matters.
  • #20,775
  • Sep 3, 2007 9:10pm Sep 3, 2007 9:10pm
Quoting my2buoys
30M crossed up on QQE and confirmed. Will go long at 1H 5SMA or possibly 30M 5SMA.

M2B
M2B,

the 30QQE also did a cross up back at 00:30EST, 13:30EST and again now....doesn't neccessarily impy a bullish confirmation....i think we need to see it break the range.....234.50 region to give us some sort of confirmation to the up side.....don't you think?
  • #20,776
  • Sep 3, 2007 9:11pm Sep 3, 2007 9:11pm
Finally I'm happy that I still held on to some longs from Friday @ and average of 234.38. Target 235.40.

Orca
New voice message: Why are you calling me? If I need you, I'll call you!
  • #20,777
  • Sep 3, 2007 9:13pm Sep 3, 2007 9:13pm
Quoting AWG
M2B,

the 30QQE also did a cross up back at 00:30EST, 13:30EST and again now....doesn't neccessarily impy a bullish confirmation....i think we need to see it break the range.....234.50 region to give us some sort of confirmation to the up side.....don't you think?

30min can give lots of fake signals on a ranging market like this. Thats why I use the 4hr/1hr combination. I usually load 25% of positions on 30 min cross and 75% on 1hr cross.
  • #20,778
  • Sep 3, 2007 9:16pm Sep 3, 2007 9:16pm
Quoting auslanco
when ever a strategy trade comes along 59 has a habit of taking the opposite trade. Since this thread started we had 6 strategy trades with 5 wins 1 loss. There for I believe his analysis correct only 17% .
Auslanco make no mistake I am a huge fan!your calls are exceptional no doubt about it,have I ever said one disparaging remark? I think not. most if not all of my counter trend trades have been stopped out for a profit
  • #20,779
  • Sep 3, 2007 9:16pm Sep 3, 2007 9:16pm
Quoting auslanco
30min can give lots of fake signals on a ranging market like this. Thats why I use the 4hr/1hr combination. I usually load 25% of positions on 30 min cross and 75% on 1hr cross.
agree
  • #20,780
  • Sep 3, 2007 9:19pm Sep 3, 2007 9:19pm
Quoting AWG
M2B,

the 30QQE also did a cross up back at 00:30EST, 13:30EST and again now....doesn't neccessarily impy a bullish confirmation....i think we need to see it break the range.....234.50 region to give us some sort of confirmation to the up side.....don't you think?
Look at the chart I posted. By 'confirmation' I am referring to the closed 30M candle above the TFT. The only TF we are waiting on (again!) is the two-flat-tire 1H chart to cross up. But the 15M and 30M are good enough for me since the Daily and 4H are still bullish. I'm waiting for price to touch the 1h 5SMA to go long.

M2B
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