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

  • #34,641
  • Oct 1, 2007 2:28am Oct 1, 2007 2:28am
Quoting Alfa159
its very spooky that we all have different levels of 200 EMA...
My 200 EMA Close is 234.79 too
Pls remember that ma's are broker dependent
It’s just emotions & money
  • #34,642
  • Oct 1, 2007 2:29am Oct 1, 2007 2:29am
Quoting karmostaji
It shows 235.60 on IBFX, make sure it's EMA and Close
mine is 235.60
  • #34,643
  • Oct 1, 2007 2:30am Oct 1, 2007 2:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting auslanco
Sl is at 234.50. Not very comfortable with my SL position since I always prefer to have it below the Daily pivot(234.10).
Morning Aus

Just loaded my charts and my london daily is at 235.38.

I know monday is always different for me due to the way the weekend is delt with but this might at least help support our longs.
  • #34,644
  • Oct 1, 2007 2:32am Oct 1, 2007 2:32am
Quoting auslanco
It's a 18month Full time programme. I got 5 years to finish it in PT. Since I'm not the academically smartest kid on the block and this is the highest financial qualification available in this field, I'm pretty sure it will take the full 5 years to complete.

Finally I get to do something I really love doing. My undergraduate was in Marketing/Sales and I just did it to make my old man happy.
Very cool Aus, you will ace it.
  • #34,645
  • Oct 1, 2007 2:33am Oct 1, 2007 2:33am
Quoting karmostaji
Price is getting closer to the upper TL of an hourly bullish channel, maybe it will start to retrace after touching it, this bull is just too damn strong!

as long as it hits 236.50.. I dont care which way it turns
  • #34,646
  • Oct 1, 2007 2:33am Oct 1, 2007 2:33am
yea Its 200 EMA Close .....
234.72 broker Finet
234.73 Broker Tadawul
235.63 Broker Metaquote

  • #34,647
  • Oct 1, 2007 2:33am Oct 1, 2007 2:33am
Quoting monarch
Hindsight is a beautiful thing, I traded a 4hour system a few months back, and this type of ranging was terrible for the account.

The one thing I learned this year was, after a major move on the G/J - E/J of large proportions (300-600 pips), there was always a period of ranging.

We have seen two periods of ranging since the G/J came down from the 251 area, this being the longer period of ranging.

At this point, I would be prepared to see a breakout of this range area, and looking across the Daily chart, you can see a gradual climb upwards that has progressed since the day the FED came to the emergency rescue of the interest rates.

Even though 235.50 seems to be the key resistance we are facing, the next level upwards that will be important will be 236.28 to 237.50 area, on the lower area were looking at support at or around the 233.00/50.

Taking this into perspective, we are being squeezed between the support at 233.50 and resistance at 235.50. (This is based on the Monthly Chart).
Well, I didn't expect the Frankfurt and London to push price through the resistance at 235.50 up to 236.28 that quick.

Looking for a retrace to the previous 235.50 for a possible support here?
  • #34,648
  • Oct 1, 2007 2:37am Oct 1, 2007 2:37am
Quoting auslanco
as long as it hits 236.50.. I dont care which way it turns
It bounced off the TL, and there is R @ 236.40 but hopefully it'll reach your target before retracing
Trade what you see, not what you think.
  • #34,649
  • Oct 1, 2007 2:39am Oct 1, 2007 2:39am
Quoting karmostaji
It bounced off the TL, and there is R @ 236.40 but hopefully it'll reach your target before retracing
I thought Aus exit his longs earlier before Frankfurt open....... ?
or was it different trade?
  • #34,650
  • Oct 1, 2007 2:40am Oct 1, 2007 2:40am
Quoting monarch
Well, I didn't expect the Frankfurt and London to push price through the resistance at 235.50 up to 236.28 that quick.

Looking for a retrace to the previous 235.50 for a possible support here?
Same here and I made a bad call on this pair today (still trying hard not to be emotional). I closed my long at +20 and went for a short and ended up with -90.

I'm currently not in any position. Will probably wait for the news in an hours' time.

Anyone in any position
May the Pips be with You Let's Pimp some Pips!
  • #34,651
  • Oct 1, 2007 2:41am Oct 1, 2007 2:41am
what did this guy say to spark u/j up and e/u down???
  • #34,652
  • Oct 1, 2007 2:42am Oct 1, 2007 2:42am
Quoting Syafi
I thought Aus exit his longs earlier before Frankfurt open....... ?
or was it different trade?
it's the 4hr/1hr strategy trade from Friday @ 233.78(average) TP236.50
  • #34,653
  • Oct 1, 2007 2:44am Oct 1, 2007 2:44am
Quoting RookieJookie
Same here and I made a bad call on this pair today (still trying hard not to be emotional). I closed my long at +20 and went for a short and ended up with -90.

I'm currently not in any position. Will probably wait for the news in an hours' time.

Anyone in any position
I closed both of my Longs in anticipation of some retrace, but I didn't enter short against the trend, I was waiting for a dip entry on a Long once again.

Now will wait for the Bulls to take a rest, and watch for a retrace to enter a Long Scalp. (E/J)
  • #34,654
  • Oct 1, 2007 2:49am Oct 1, 2007 2:49am
Inserted Code
 
working of my daily charts:


Greepy.......long at 235.39......1st target 238.00.

watching GU....

Glenn.

Of course I could be wrong :D

This is my own trades...do not copy them...make you own call's...
__________________

Greepy.....SL moved up to BE plus...

Euro..Short at 1.4259....SL moved to BE plus...

I love my Daily chart's...
  • #34,655
  • Oct 1, 2007 2:51am Oct 1, 2007 2:51am
UJ currently in a strong push up - > 50 pips in the last hour.

I have its weekly R 1 at 115.77 - +30 from here and then last Thursdays high at 115.87. If UJ carries on to these levels we can expect GJ to continue towards the 237 level. TWT
Trading Levels with WRBs
  • #34,656
  • Oct 1, 2007 2:52am Oct 1, 2007 2:52am
okay.. now it arrive at 236.50 area, it would usually bounce down.
what is the expected re entry area for long if its still long ?
  • #34,657
  • Oct 1, 2007 2:57am Oct 1, 2007 2:57am
Quoting auslanco
it's the 4hr/1hr strategy trade from Friday @ 233.78(average) TP236.50
TP 236.50 reach

LOndon Pivot resistance 1 around 236.6, should we adjust our TP to that level?
  • #34,658
  • Oct 1, 2007 3:01am Oct 1, 2007 3:01am
Quoting comeinvest
TP 236.50 reach

LOndon Pivot resistance 1 around 236.6, should we adjust our TP to that level?

Not yet 234.49
  • #34,659
  • Oct 1, 2007 3:05am Oct 1, 2007 3:05am
Quoting auslanco
Not yet 234.49
Just round off buddy
  • #34,660
  • Oct 1, 2007 3:09am Oct 1, 2007 3:09am
The 200 SMA and the 62 EMA are very close together on my daily chart,
with the 200 being the higher of the 2 @ 23707. If todays daily candle closes above the 200, I am looking for a bullish week. 240xx to 244xx area.
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