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

  • #33,461
  • Sep 27, 2007 10:01am Sep 27, 2007 10:01am
Quoting karmostaji
I agree, plus if GJ candle can't close above 234 with an hourly candle, this won't go any higher. draw a daily trendline and it's been a very stubborn resistance.
1hr candle just closed over 234, 234.80 aus's target next stop, patience
  • #33,462
  • Sep 27, 2007 10:02am Sep 27, 2007 10:02am
Quoting Hakuna Matata
long from 233.74
s/l will be tight and monitored at news time

closed 50% of postion at 234.10
rest till my t/p for 234.60 and s/l at b/e

goodnight folks--
  • #33,463
  • Sep 27, 2007 10:02am Sep 27, 2007 10:02am
Quoting fourxtrader
if it wasn't for the universal harmonics of frequency wave formations that bring
order to a chaotic world I might agree...... otherwise, just follow the charts
huh??? lol
  • #33,464
  • Sep 27, 2007 10:02am Sep 27, 2007 10:02am
If we dont break out of 234 with confidence we are going to have a triple top on the 4h charts in about 59 minutes, IBFX feed.
  • #33,465
  • Sep 27, 2007 10:03am Sep 27, 2007 10:03am
Back to 92 then break of the hi,,lol
  • #33,466
  • Sep 27, 2007 10:03am Sep 27, 2007 10:03am
looks like a third tap at the daily high right at the top of the hour.

Next test is a break above, or a collapse.

Always a fun day when you trade off a news release that goes the opposite of where it should. LOL

NY Boys will be taking lunch here in the next 30 minutes, then they should close out their LONGS, and you'll see a nice little drop from there.

Remember, we are only guessing 99% of the time, the 1% is the hard part.
  • #33,467
  • Sep 27, 2007 10:06am Sep 27, 2007 10:06am
Quoting monarch
Very good question, we are seeing a slow gradual move upwards, but we must wait for the 11am EST hourly to open, then we will see if the up is over and the down is in.

I am also SHORT, but my patience is getting shorter then my SHORT, I may just pull the plug if we continue to stall out here, I do not like a standoff type trade.

Let's see what happens here in a few minutes or so.
As Karmo says, patience. Remember that the stock market is getting stupid because they hope for more rate cuts. However, even a stupid stock market has only a limited upside in this economic environment.

Also remember that england and europe are under great pressure to cut rates, which is going to drop GJ.

GJ has nowhere to go but down over the next few weeks.
  • #33,468
  • Sep 27, 2007 10:07am Sep 27, 2007 10:07am
Quoting monarch
looks like a third tap at the daily high right at the top of the hour.

Next test is a break above, or a collapse.

Always a fun day when you trade off a news release that goes the opposite of where it should. LOL

NY Boys will be taking lunch here in the next 30 minutes, then they should close out their LONGS, and you'll see a nice little drop from there.

Remember, we are only guessing 99% of the time, the 1% is the hard part.


i thought exactly--thats why closed half postion
ill take my 177 pips so far for today for g/j and 44 for g/u and run for my bed-- nite nite
  • #33,469
  • Sep 27, 2007 10:07am Sep 27, 2007 10:07am
closed my longs for usdjpy and geppy
give me my pips back...
  • #33,470
  • Sep 27, 2007 10:07am Sep 27, 2007 10:07am
Quoting lepiricus
If we dont break out of 234 with confidence we are going to have a triple top on the 4h charts in about 59 minutes, IBFX feed.
Provided the support line of 233.32 is broken
  • #33,471
  • Sep 27, 2007 10:10am Sep 27, 2007 10:10am
where is Karmo???

We miss your patient...



Pepe
  • #33,472
  • Edited 10:45am Sep 27, 2007 10:14am | Edited 10:45am
daily 50ema seems be a tough resistance
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  • #33,473
  • Sep 27, 2007 10:15am Sep 27, 2007 10:15am
gu bounced of todays 38.2 return and now carrying gj north.

uj still stuck around daily high.
  • #33,474
  • Sep 27, 2007 10:17am Sep 27, 2007 10:17am
its been busy since morning !
http://partlytruthpartlyfiction.file...3/bathroom.jpg
Success has a Thousand Fathers.
  • #33,475
  • Sep 27, 2007 10:22am Sep 27, 2007 10:22am
GY start going south ... no more strength
  • #33,476
  • Sep 27, 2007 10:22am Sep 27, 2007 10:22am
Quoting Majd
Provided the support line of 233.32 is broken
Yesterday evening Auslanco projected this breakout:

5:23GMT 9/26
Interesting...My indicators are predicting a break out to the upside on GBP/JPY.
But for the GU.. it the the opposite. However I believe a break of 233.75 to the upside or 229.50 to the downside could trigger a good sizable break out in the coming days.



5:39GMT 9/26
233.75 is the weekly pivot Mid range Resistance which is also just above the 4hr 200EMA.
229.50 is weekly pivot support 1 . If the pair has enough steam to go through those levels that will clarify the actual breakout direction.





Now that this has come to fruition… how significant does the 4HR
200ema play into the mix? Does it become as major a support
level as it once was a major level of resistance?


It was @ 233.75 10 hours ago and now is currently @ 233.37?

  • #33,477
  • Sep 27, 2007 10:23am Sep 27, 2007 10:23am
Quoting privatefr
where is Karmo???

We miss your patient...



Pepe
waiting for the next trade, I've got my eyes on short but waiting for a good sign and entry point.
Trade what you see, not what you think.
  • #33,478
  • Sep 27, 2007 10:25am Sep 27, 2007 10:25am
Quoting shahroodi
4hr 50ema seems be a tough resistance
The 4H 50EMA is at 232.09 and was passed a long time ago. The chart you posted is a Daily chart and the Daily 50EMA is indeed around 234.20.

M2B
  • #33,479
  • Sep 27, 2007 10:25am Sep 27, 2007 10:25am
NY Selloff time finally!

I seen the EJ come near it's daily high, took a few extra shorts to add to my original NEWS shorts, and got the nice dip there on the two 5 minute bearish candles that conifirmed the 5simple retrace on the hourly.

Also a tap of the News Low earlier at 10am EST.

A nice profit helps LOL

Out of the NY for today - will come back to have a London fun time - NY is to sporadic for this ole boy.

Safe trading!

Ken
  • #33,480
  • Sep 27, 2007 10:27am Sep 27, 2007 10:27am
Quoting karmostaji
waiting for the next trade, I've got my eyes on short but waiting for a good sign and entry point.

Personally I think we are both crazy but i'm looking for short too
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