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

  • #30,861
  • Sep 21, 2007 5:20am Sep 21, 2007 5:20am
weekly 50ema is at 233.09
  • #30,862
  • Sep 21, 2007 5:21am Sep 21, 2007 5:21am
Quoting auslanco
Good to see you again pipchick
TY Aus. Same to you.
  • #30,863
  • Sep 21, 2007 5:21am Sep 21, 2007 5:21am
Quoting Mysticdiver
Tokyo close an hour ago. If this puppy is still moving up when NY opens,
Something big will happen.
Looks like the 4hr QQE5 is crossing up.. Hmmm... scary 234.98 will be my next target if it confirms.
  • #30,864
  • Sep 21, 2007 5:22am Sep 21, 2007 5:22am
Quoting vrama
Good Morning.. all...

Is is safe now to enter.. for Long at current levels... any retracements ?????
sorry... I will go thru the thread... but about current position.. can any one give me little hint please...
I would not enter long at this point. Wait for a dip. The pair could rally up more but if you enter now you are increasing your risk.
  • #30,865
  • Sep 21, 2007 5:22am Sep 21, 2007 5:22am
daily 50ema is at 235.40
what are the chances--lol
  • #30,866
  • Sep 21, 2007 5:23am Sep 21, 2007 5:23am
Quoting auslanco
I'm long from 231.20 and my TP is 233.60.. SL has brought forward to 232.10


This is my position..
I'm a little angry,coz i went long from 232.99 and missed the big move,but hope price to go at least to 233.60-70!
  • #30,867
  • Sep 21, 2007 5:23am Sep 21, 2007 5:23am
Quoting auslanco
Looks like the 4hr QQE5 is crossing up.. Hmmm... scary 234.98 will be my next target if it confirms.

thats around my tgt
but neeeds to brk Upper TL
  • #30,868
  • Sep 21, 2007 5:25am Sep 21, 2007 5:25am
Quoting I.Y.I
I'm a little angry,coz i went long from 232.99 and missed the big move,but hope price to go at least to 233.60-70!
Its a tough call right now if you are not already in from a lower price. It is sitting right on a major resistance and could go either way.
  • #30,869
  • Sep 21, 2007 5:28am Sep 21, 2007 5:28am
Quoting PipChick
I have 232.78 and 233.05 and 233.42 as fibo levels too. 233.05 is our first target since we already hit yesterdays hi.But we have to get thru 232.78 first.
I have 232.78, 233.42 in 15M, 233.21 & 234.22 in 1H, 233.68, and 234.24 in 4H.
  • #30,870
  • Sep 21, 2007 5:28am Sep 21, 2007 5:28am
Quoting PipChick
Its a tough call right now if you are not already in from a lower price. It is sitting right on a major resistance and could go either way.
I am going to move my fibs to the hi on 9/18 to yesterdays lo for more profound levels since we have surpassed the shorter term fibs.
  • #30,871
  • Sep 21, 2007 5:29am Sep 21, 2007 5:29am
Quoting PipChick
Its a tough call right now if you are not already in from a lower price. It is sitting right on a major resistance and could go either way.
how far do you think it might retrace? What is the good entry point for long again?
  • #30,872
  • Sep 21, 2007 5:29am Sep 21, 2007 5:29am
Quoting I.Y.I
I'm a little angry,coz i went long from 232.99 and missed the big move,but hope price to go at least to 233.60-70!
The pair keeps moving up without a proper 1hr 5sma retracement for the last 4hrs... It's running out of steam.. you will get a better entry on a big retracement soon. also the 4hr QQE is just crossing up.. we may see 236 level by the beginning of next week.
  • #30,873
  • Sep 21, 2007 5:32am Sep 21, 2007 5:32am
wheres Markam with any fundamentals--is he still holding his shorts?
  • #30,874
  • Sep 21, 2007 5:32am Sep 21, 2007 5:32am
Quoting gau2902
how far do you think it might retrace? What is the good entry point for long again?
For a retrace we will see what the candle looks like around 232.49 and if it is too heavy, we will look at 232.28-30. You cant just pick a level, you have to determine whether or not it will bounce at a certain level.We always have to have several plans for market conditions.
  • #30,875
  • Sep 21, 2007 5:38am Sep 21, 2007 5:38am
232.40/50 would be a good area
  • #30,876
  • Sep 21, 2007 5:40am Sep 21, 2007 5:40am
1hr 5sma retracement is currently in progress...
  • #30,877
  • Sep 21, 2007 5:42am Sep 21, 2007 5:42am
Quoting auslanco
The pair keeps moving up without a proper 1hr 5sma retracement for the last 4hrs... It's running out of steam.. you will get a better entry on a big retracement soon. also the 4hr QQE is just crossing up.. we may see 236 level by the beginning of next week.
Hope so!And if starts a major retracement to 1H 5sma for example i'm thinking for hedging my opened position and then as you said the best idea is to enter at the 5sma
  • #30,878
  • Sep 21, 2007 5:42am Sep 21, 2007 5:42am
i see a reversal from the 76.4 fib of high 18th ( 234.26) to the low of 20th ( 229.48).
I am currently short from 233.00 targetting 231.87 as First TP and Second Tp at 231.31
I know 231.8 level has proven to be strong resistance and support, if 231.8 level holds, i will reverse my position for long
Attached Image (click to enlarge)
Click to Enlarge Name: reversal.gif Size: 24 KB
  • #30,879
  • Sep 21, 2007 5:42am Sep 21, 2007 5:42am
15m just retraced to the 5ema. first time in over 3 hrs.
  • #30,880
  • Sep 21, 2007 5:42am Sep 21, 2007 5:42am
Quoting PipChick
For a retrace we will see what the candle looks like around 232.49 and if it is too heavy, we will look at 232.28-30. You cant just pick a level, you have to determine whether or not it will bounce at a certain level.We always have to have several plans for market conditions.
you can determine the exact retracement level by monitoring the momentum indicator with 5 sma.
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