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

  • #23,901
  • Sep 10, 2007 3:02am Sep 10, 2007 3:02am
Quoting auslanco
The other reason for me to support the a Daily 5 SMA retracement is.. Usually at the start of a trend reversal.. first the break out happens. Then the pair will go for a full retracemnt(1hr QQE5 will touch or cross the 50 line). Still the 1 hr QQE5 is nowhere near the 50 line. Therefor it will touch the 50 line when the price comes closer to Daily 5 SMA.

Note: these are not predictions.. Just observations.
Agreed.
  • #23,902
  • Sep 10, 2007 3:05am Sep 10, 2007 3:05am
Quoting monarch
Did you trade any Gap fill today?

Looks like the 229.98 is holding here, we bust it, could get a quick hit on pips, but not long in trade if it goes.

Lets see here.
After waiting 30 minutes from the time the 229.98 line was breached, we get the move up for a 13 pip scalp, exited already now.
  • #23,903
  • Sep 10, 2007 3:08am Sep 10, 2007 3:08am
I have 230.35 and 230.50 as areas of strong resistance, will wait for these and the News here in a few minutes.

"A" are you in LONG now??
  • #23,904
  • Sep 10, 2007 3:09am Sep 10, 2007 3:09am
50ema 30min kissed
close above--we go higher
  • #23,905
  • Sep 10, 2007 3:11am Sep 10, 2007 3:11am
Quoting monarch
After waiting 30 minutes from the time the 229.98 line was breached, we get the move up for a 13 pip scalp, exited already now.
Nice monarc..
  • #23,906
  • Sep 10, 2007 3:13am Sep 10, 2007 3:13am
Quoting monarch
After waiting 30 minutes from the time the 229.98 line was breached, we get the move up for a 13 pip scalp, exited already now.
The daily 5sma sits above 232 - which was a big support most of last week - wouldnt be suprised to see us retrace there - depends on the news really ( so why on earth am I in a trade now - DOH ! )
  • #23,907
  • Sep 10, 2007 3:13am Sep 10, 2007 3:13am
Quoting monarch
I have 230.35 and 230.50 as areas of strong resistance, will wait for these and the News here in a few minutes.

"A" are you in LONG now??

yess long from 229.81 (when my QQE1 crossed back upwards) My 1st target is 230.70 2nd target is 232.11 (Daily 5 sma)
  • #23,908
  • Sep 10, 2007 3:14am Sep 10, 2007 3:14am
Quoting musicman007
The daily 5sma sits above 232 - which was a big support most of last week - wouldnt be suprised to see us retrace there - depends on the news really ( so why on earth am I in a trade now - DOH ! )

are you short???
  • #23,909
  • Sep 10, 2007 3:16am Sep 10, 2007 3:16am
Quoting Hakuna Matata
50ema 30min kissed
close above--we go higher

Bro your 50 EMA's are truly magical..
  • #23,910
  • Sep 10, 2007 3:17am Sep 10, 2007 3:17am
Quoting auslanco
are you short???
No Long, just dont like being in trades around news times thats all - personal thing !

BTW - when "Run Fat Boy Run" comes out at the movies go and see it, its a blast !
  • #23,911
  • Sep 10, 2007 3:18am Sep 10, 2007 3:18am
Quoting auslanco
are you short???

I have Daily @ 231.16 (on closing price)


MT4 FXCM
  • #23,912
  • Sep 10, 2007 3:20am Sep 10, 2007 3:20am
Quoting SailingAway
I have Daily @ 231.16 (on closing price)


MT4 FXCM
then that will be your daily 5 sma the price is correct on your own chart.
  • #23,913
  • Sep 10, 2007 3:21am Sep 10, 2007 3:21am
Quoting auslanco
Nice monarc..
Didn't like the G/J on this as much as I do the E/J, I should have been on the E/J instead, it went up as well, but less spread. LOL.

Would like to have stayed in a LONG there on G/J, but not with a news report coming out in a few.

Will watch the 30min and 1hour "Auslanco Setup" for next entry level.
  • #23,914
  • Sep 10, 2007 3:23am Sep 10, 2007 3:23am
Quoting auslanco
then that will be your daily 5 sma the price is correct on your own chart.
understood. Thanks!
  • #23,915
  • Sep 10, 2007 3:24am Sep 10, 2007 3:24am
Quoting Hakuna Matata
50ema 30min kissed
close above--we go higher
Hakuna, do you take entry on the cross of candle over the 50?

Or do you wait for a retrace back to test this, then go Long?

I use LWMA on all my moving averages, you??
  • #23,916
  • Sep 10, 2007 3:25am Sep 10, 2007 3:25am
Quoting monarch
I have 230.35 and 230.50 as areas of strong resistance, will wait for these and the News here in a few minutes.

"A" are you in LONG now??
Hi Ken...just to add to your resistance, I have the Daily Pivot at 230.45 - and also EJs DP at 156.56...and UJ has M2 at 113.56.....+10 on current price.

Also, cable has just stopped at its 300 level, so loads of resistances here, but the UK PPI in 5 mins, might give a spike if its out of line
Trading Levels with WRBs
  • #23,917
  • Sep 10, 2007 3:29am Sep 10, 2007 3:29am
Quoting musicman007
The daily 5sma sits above 232 - which was a big support most of last week - wouldnt be suprised to see us retrace there - depends on the news really ( so why on earth am I in a trade now - DOH ! )
I usually don't look that far out on the Daily, but I do have the same as you with the 5SMA at 232.00.

That would be a big retrace up to the 23.6% line, then we could see a sharp move down to the 50% at 227.39 area.

This is based on Fibo's from Low at 219.30 and High at 235.48.

We are at 229.30, the 38.2% Fibo and holding for now.

Lets see if we can stay above this support area to the 232.00.

Thanks bro.
  • #23,918
  • Sep 10, 2007 3:31am Sep 10, 2007 3:31am
Quoting Islander
Hi Ken...just to add to your resistance, I have the Daily Pivot at 230.45 - and also EJs DP at 156.56...and UJ has M2 at 113.56.....+10 on current price.

Also, cable has just stopped at its 300 level, so loads of resistances here, but the UK PPI in 5 mins, might give a spike if its out of line
Very nice, will add these to the charts after the news trades.

Lets see if GBP is positive or if we are going to have a quick spike down.
  • #23,919
  • Sep 10, 2007 3:32am Sep 10, 2007 3:32am
(UK) AUG PPI OUTPUT CORE: M/M 0.2% V 0.2%E; Y/Y 2.4% V 2.3%E
- No revisions


*(UK) JULY DCLG HOUSE PRICES: 12.4% V 11.4%E
- Prior revised from 12.1% to %
- No revision
  • #23,920
  • Sep 10, 2007 3:32am Sep 10, 2007 3:32am
PPI lower than expected (input and output both)
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