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

  • #21,121
  • Sep 4, 2007 9:54am Sep 4, 2007 9:54am
so does anyone know what drove up UJ?
  • #21,122
  • Sep 4, 2007 9:55am Sep 4, 2007 9:55am
Quoting auslanco
it's just the daily reatracemnt .. pair should move down gradually, since 4hr crossed down and confirmed
I hope so mate.. I've been scalping 10-15 pips every now and then.. but my short position is still open.. ahh never sweated so much lol
  • #21,123
  • Sep 4, 2007 9:56am Sep 4, 2007 9:56am
Quoting Zoran
Here is a chart I posted yesterday (shorter term - should occur within a few days). Market is going according to plan. I do expect a retrace of sorts now at 234.00 but I expect this to go to 238 (today or tomorrow) and then we will see markam jump up with joy when he sees this mother fall big time.
Good call zoran, how far down roughly do you expect it to go after the 234.00 bounce before we go up to 238? trying to understand your chart. thanks heaps mate
  • #21,124
  • Sep 4, 2007 9:58am Sep 4, 2007 9:58am
came home to see SL's hit

-200 pip loss .. and no hedge position

When i left at 955, everything seemed fine, adjusted SL more just in case news had a 'big' impact.. and wow , i should have raised SL to 239 or something

Well, time to wait and see what's next for GJ

2min more for nxt hourly candle to form
  • #21,125
  • Sep 4, 2007 9:59am Sep 4, 2007 9:59am
Quoting auslanco
4 hr is bearish.. 4hr QQE will cross bullish around 334.50 area. If 4 hr still bearish at the point when 30 min cross down, I will go short.

OK Got the logic once I stepped aside and thought bout it.... I think I have fell into the charts for the last two days... Must keep simple
  • #21,126
  • Sep 4, 2007 10:01am Sep 4, 2007 10:01am
Quoting bill77
Good call zoran, how far down roughly do you expect it to go after the 234.00 bounce before we go up to 238? trying to understand your chart. thanks heaps mate
The chart has a straight line up to the 238 region. There is not enough detail to see smaller type of activity, however, I'm expecting not more than a 50% retrace to the low 233.00 area. Then we should continue up to the upper trendline. That will be a good test.

They are my thoughts but Aussie is the main man here. Please listen to him.
  • #21,127
  • Sep 4, 2007 10:02am Sep 4, 2007 10:02am
Quoting Zoran
Here is a chart I posted yesterday (shorter term - should occur within a few days). Market is going according to plan. I do expect a retrace of sorts now at 234.00 but I expect this to go to 238 (today or tomorrow) and then we will see markam jump up with joy when he sees this mother fall big time.
Looks very likely so. Went long quite a while ago (after news). I may just leave it open till tp hits since us treasuires data is very strong at the moment.
Thanks.
  • #21,128
  • Sep 4, 2007 10:04am Sep 4, 2007 10:04am
Just came back from univ and what has happened here.. a circus it seems LOL

no clear direction at the moment, but I'm with auslanco
Trade what you see, not what you think.
  • #21,129
  • Sep 4, 2007 10:05am Sep 4, 2007 10:05am
Quoting karmostaji
Just came back from univ and what has happened here.. a circus it seems LOL

no clear direction at the moment, but I'm with auslanco
Yeah and today I feel like I'm one of the performing clowns on a trapeze.. !
  • #21,130
  • Sep 4, 2007 10:08am Sep 4, 2007 10:08am
Quoting mktjong
Looks very likely so. Went long quite a while ago (after news). I may just leave it open till tp hits since us treasuires data is very strong at the moment.
Thanks.
Yeah, I went long at 232.00, just as the bottom trendline hit. Small risk and I was ready to reverse just in case it broke. I've already taken some off for profit and if the low 233 area prints, I'll add more. Profit locked in on other entries also. The rest is up to Money Management.
  • #21,131
  • Sep 4, 2007 10:18am Sep 4, 2007 10:18am
Quoting Zoran
The chart has a straight line up to the 238 region. There is not enough detail to see smaller type of activity, however, I'm expecting not more than a 50% retrace to the low 233.00 area. Then we should continue up to the upper trendline. That will be a good test.

They are my thoughts but Aussie is the main man here. Please listen to him.
Thats great. i noticed your line going up to 238. your trend line that acted as suport earlier was spot on and now the retrace comfirmed with aus daily retrace. just want to give you credit. also i know that its aus's thread, but he does encourage you to post your charts which are apreciated, but also must expect some questions, which you dont have to answer if you choose. Any way, keep up the good work and good luck.
  • #21,132
  • Sep 4, 2007 10:23am Sep 4, 2007 10:23am
Ever have one of those day?
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  • #21,133
  • Sep 4, 2007 10:25am Sep 4, 2007 10:25am
"The last move in JPY specifically, is all about momentum selling the JPY against the Dollar, GBP and EURO with two major US bk's the main culprits."

This came in on my news feed.
  • #21,134
  • Sep 4, 2007 10:26am Sep 4, 2007 10:26am
Quoting auslanco
it's just the daily reatracemnt .. pair should move down gradually, since 4hr crossed down and confirmed
is that mean we go short
  • #21,135
  • Sep 4, 2007 10:27am Sep 4, 2007 10:27am
Quoting rodders
"The last move in JPY specifically, is all about momentum selling the JPY against the Dollar, GBP and EURO with two major US bk's the main culprits."

This came in on my news feed.
Which stupid banks are these
  • #21,136
  • Sep 4, 2007 10:33am Sep 4, 2007 10:33am
Quoting khaled22
is that mean we go short

I go short only if 30 min cross down until then I stay out of the market
  • #21,137
  • Sep 4, 2007 10:34am Sep 4, 2007 10:34am
Quoting VishalJ
Which stupid banks are these
Did not say! Sorry!
  • #21,138
  • Sep 4, 2007 10:38am Sep 4, 2007 10:38am
I don't think this beast is coming down anytime soon
  • #21,139
  • Sep 4, 2007 10:39am Sep 4, 2007 10:39am
Quoting VishalJ
I don't think this beast is coming down anytime soon
there is no clear direction, so we are going nowhere for now
Trade what you see, not what you think.
  • #21,140
  • Sep 4, 2007 10:39am Sep 4, 2007 10:39am
Quoting auslanco
I go short only if 30 min cross down until then I stay out of the market
WHAT??? no 5min or 15 min scalping???...Hmmm that is a bad sign you know..lol

Heck this is the first time I have made pips scalping...Hmmm
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