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

  • #25,361
  • Sep 12, 2007 3:04am Sep 12, 2007 3:04am
4h candle closed below 50ema and 100sma

I'm favoring bears over bulls at the moment, I'll stick to my short trade
Trade what you see, not what you think.
  • #25,362
  • Sep 12, 2007 3:09am Sep 12, 2007 3:09am
This could break out to the upside..4hr QQE5 is crossed up and crossed the 50 line. . Pair doesnt have any strength to go below the daily 5 sma so far. Unless the UK news is really bad.. the pair is always more likely to catch up with the 4hr QQE.
  • #25,363
  • Sep 12, 2007 3:14am Sep 12, 2007 3:14am
looks like 15m n 30m qqe bout to cross.

my short hit 40 sl
  • #25,364
  • Sep 12, 2007 3:17am Sep 12, 2007 3:17am
Quoting auslanco
This could break out to the upside..4hr QQE5 is crossed up and crossed the 50 line. . Pair doesnt have any strength to go below the daily 5 sma so far. Unless the UK news is really bad.. the pair is always more likely to catch up with the 4hr QQE.
Though I'm not in any trade currently (I was waiting for a break of 230.40 as Karmo) I am kind of leaning to short, since stochs (14.3.3) are way overbought at the 4H at the moment.

We shall see after the news I guess.
  • #25,365
  • Sep 12, 2007 3:21am Sep 12, 2007 3:21am
  •  jmatt
  • | Joined Jul 2007 | Status: Forex is great, God is better!!! | 60 Posts
Quoting auslanco
This could break out to the upside..4hr QQE5 is crossed up and crossed the 50 line. . Pair doesnt have any strength to go below the daily 5 sma so far. Unless the UK news is really bad.. the pair is always more likely to catch up with the 4hr QQE.
just had to say that you are the man!!! goes without being said, but had to. it's like you hit the enter key and the beast jumped up 30 pips....WOW!!! great call
  • #25,366
  • Sep 12, 2007 3:22am Sep 12, 2007 3:22am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
This could break out to the upside..4hr QQE5 is crossed up and crossed the 50 line. . Pair doesnt have any strength to go below the daily 5 sma so far. Unless the UK news is really bad.. the pair is always more likely to catch up with the 4hr QQE.

Hi Aus
did you recieve my PM.

regards

MPP
  • #25,367
  • Sep 12, 2007 3:32am Sep 12, 2007 3:32am
(uk) Aug Claimant Count Rate: 2.6% V 2.6%e; Jobless Change: -4.2k V -8.0ke

*(uk) July Avg. Earning Inc. Bonus: 3.5% V 3.4%e; Avg. Earnings Ex Bous: 3.5% V 3.5%e

*(UK) AUG CLAIMANT COUNT RATE: 2.6% V 2.6%E; JOBLESS CHANGE: -4.2K V -8.0KE
  • #25,368
  • Sep 12, 2007 3:35am Sep 12, 2007 3:35am
aus..whats the impact of this news? or do we simply stay with the technicals? is a long still the way to go or will it favour karmo's short?
  • #25,369
  • Sep 12, 2007 3:37am Sep 12, 2007 3:37am
Well the news was good for sterling.. did you guys see GU drop initially? That was weird.. I got a nice 25 pip profit. GU might go down a bit.. and then edge up again..
  • #25,370
  • Sep 12, 2007 3:41am Sep 12, 2007 3:41am
So far, no 4 hour candle has closed above the falling trend line from the July 20 high......here´s a snapshot on a lower TF
Attached Image
Trading Levels with WRBs
  • #25,371
  • Sep 12, 2007 3:41am Sep 12, 2007 3:41am
Aus, there's a BoE briefing in 20 minutes.. on financial markets.. you think sterling's waiting for that?
  • #25,372
  • Sep 12, 2007 3:41am Sep 12, 2007 3:41am
Quoting bayoor
aus..whats the impact of this news? or do we simply stay with the technicals? is a long still the way to go or will it favour karmo's short?

I will be staying out until I see a clear direction
  • #25,373
  • Sep 12, 2007 3:44am Sep 12, 2007 3:44am
Euro Jpy already broke through support on 15M. Dollar yen is bearish, and pound and euro dont seem too strong, so even if I hate to admit, I go with Karmo bearishness. The London session has been f up all the week. Looking forward to the american reversal.
We leave no soldier behind.
  • #25,374
  • Sep 12, 2007 3:46am Sep 12, 2007 3:46am
Quoting gagiul
Euro Jpy already broke through support on 15M. Dollar yen is bearish, and pound and euro dont seem too strong, so even if I hate to admit, I go with Karmo bearishness. The London session has been f up all the week. Looking forward to the american reversal.
Pound should get stronger (logically) looking at the strong earnings and low unemployment numbers. Like you said though.. never know where this crazy session will go.
  • #25,375
  • Sep 12, 2007 3:50am Sep 12, 2007 3:50am
thanks aus.i think its wise to watch. your money management principle teaches that staying by the side is as good as winning.
just lets know what side i=you're headed since you and karmo favour different directions
  • #25,376
  • Sep 12, 2007 4:14am Sep 12, 2007 4:14am
Wow no post for 25 minutes!!!
  • #25,377
  • Sep 12, 2007 4:19am Sep 12, 2007 4:19am
Yeh, have been refreshing every minute for a long time now
Measure twice, cut once
  • #25,378
  • Sep 12, 2007 4:19am Sep 12, 2007 4:19am
Quoting krishna
Sell Aud - Usd

At .8365
Tp .8275
Sl No Need Becasue Its Gauranted Trade

Further Break Below .8275 Could Lead Towards .8185
The trade of the day
  • #25,379
  • Sep 12, 2007 4:22am Sep 12, 2007 4:22am
(UK) BOE'S KING: MONEY-MARKET RESCUE RISKS FUTURE FINANCIAL CRISIS
- Interest rates could be adjusted quickly when necessary
- There are major problems in the US housing market
- Banks are undergoing a process of reintermediation
- Monitoring credit conditions intensively
- Too soon to tell how persistent tighter credit is
- Turmoil should not hurt economic growth in the long ru
  • #25,380
  • Sep 12, 2007 4:23am Sep 12, 2007 4:23am
"Gauranted Trade" actually , please give me more of that
Measure twice, cut once
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