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

  • #41,461
  • Oct 18, 2007 6:40am Oct 18, 2007 6:40am
Aus, glad to see you around tonight.

The FXManager is not working real good. is there any trade open with it ?
Syafi
  • #41,462
  • Oct 18, 2007 6:41am Oct 18, 2007 6:41am
Aus, i don't have the time for a chart now so i'll be short... and when time permits, i'll come back with a pic.
i think we're still on an uptrend (long term) since weekly chart shows a 0.67 retracement from the last big drop... (not a very nice level to close a weekly wave) and this move down is just a retracement that probably ended at 235.90 (which is a 0.382 retracement...); my entry was at 0.786 retracement between 235.90 and 238.79; i have a SL below 235.90 and my first tp is at 239.74; second at 241.77; and third at 244.28. and then it'll probably drop big time.
i'll post a chart when i have some time...
i hope i made myself clear enough.

Quoting auslanco
Bro,, since you are 1KT member I dont want to label this post with that "Cowboy' attachement. Would you please provide us with your analysis explaining why you want to go long, since you posted your trade on this thread.
Nihil Sine Deo.
  • #41,463
  • Oct 18, 2007 6:43am Oct 18, 2007 6:43am
I'm very happy today....got 25k usd from GJ.....so karmo soon I will buy your dreams car.....hehehehehe now waiting good signal to long GJ but not now soon......
  • #41,464
  • Oct 18, 2007 6:45am Oct 18, 2007 6:45am
Quoting Syafi
Aus, glad to see you around tonight.

The FXManager is not working real good. is there any trade open with it ?
Syafi
yehh.. 237.51 target 235.60
  • #41,465
  • Oct 18, 2007 6:45am Oct 18, 2007 6:45am
Wow, first Citibank.. now Bank of America reports 32% decline in profit.. all JPY pairs dipped nicely on that. Now if only these reports came out when I was in front of the bloody computer to take advantage of it

Edit - This shouldn't be good news for the DOW
  • #41,466
  • Oct 18, 2007 6:50am Oct 18, 2007 6:50am
Quoting auslanco
yehh.. 237.51 target 235.60
I just spoke to FXDD on phone, they have Money Manager system... demo. with unlimited client....... Its MT4 and most people here like MT4
  • #41,467
  • Oct 18, 2007 6:52am Oct 18, 2007 6:52am
Quoting Scrat
Aus, i don't have the time for a chart now so i'll be short... and when time permits, i'll come back with a pic.
i think we're still on an uptrend (long term) since weekly chart shows a 0.67 retracement from the last big drop... (not a very nice level to close a weekly wave) and this move down is just a retracement that probably ended at 235.90 (which is a 0.382 retracement...); my entry was at 0.786 retracement between 235.90 and 238.79; i have a SL below 235.90 and my first tp is at 239.74; second at 241.77; and third at 244.28. and then it'll probably drop big time.
i'll post a chart when i have some time...
i hope i made myself clear enough.

I generated my TP target from weekly as well.. It says price will drop to atleast 235.50 within this week. Weekly mementum shows a free fall to 233.15. But I'll be happy with 235.60 for this week.


I could be wrong.

Good luck with your trade.
  • #41,468
  • Oct 18, 2007 6:55am Oct 18, 2007 6:55am
Quoting debtfreedom
I'm very happy today....got 25k usd from GJ.....so karmo soon I will buy your dreams car.....hehehehehe now waiting good signal to long GJ but not now soon......
wow.. I'm trading a 12million dollar account ( 400K real money) and after 100+ pips my profit is still 1.40K
  • #41,469
  • Oct 18, 2007 6:56am Oct 18, 2007 6:56am
Quoting auslanco
I generated my TP target from weekly as well.. It says price will drop to atleast 235.50 within this week. Weekly mementum shows a free fall to 233.15. But I'll be happy with 235.60 for this week.


I could be wrong.

Good luck with your trade.
Hey Aus, I don't know much about techs.. but there is also that Ichimoku cloud and for UJ the bottom level is at 115.10.. so good chance of UJ getting there (of course, if it breaks then even lower) But if UJ goes to 115.10 .. your GJ target will be achieved.
  • #41,470
  • Oct 18, 2007 6:58am Oct 18, 2007 6:58am
Quoting auslanco
wow.. I'm trading a 12million dollar account ( 400K real money) and after 100+ pips my profit is still 1.40K
Aus Aus .... man you crack me up sometime!!

I'm sure it's arcade money he\s referring to (aka demo account)
  • #41,471
  • Oct 18, 2007 6:58am Oct 18, 2007 6:58am
thanks for the reply.
needless to say, i also could be wrong... and that's why there's always SL.

Quoting auslanco
I generated my TP target from weekly as well.. It says price will drop to atleast 235.50 within this week. Weekly mementum shows a free fall to 233.15. But I'll be happy with 235.60 for this week.


I could be wrong.

Good luck with your trade.
Nihil Sine Deo.
  • #41,472
  • Oct 18, 2007 6:58am Oct 18, 2007 6:58am
Quoting Syafi
I just spoke to FXDD on phone, they have Money Manager system... demo. with unlimited client....... Its MT4 and most people here like MT4
yehh.. Oanda FXM is still on beta stage. I'll figure out an alternative when I get back from the holidays. Thanks bro.
  • #41,473
  • Oct 18, 2007 7:02am Oct 18, 2007 7:02am
Should be a down day for DOW today.. Pfizer reports losses, Bank of America profit decline.. Washington Mutual also reports 72% or something decline in earnings, etc.

Unless the markets decide to concentrate on ebay's profits and go up
  • #41,474
  • Oct 18, 2007 7:04am Oct 18, 2007 7:04am
Quoting Zoran
Thanks for pointing that out. Also, your diamond on the higher timeframe is a very interesting observation as I would have missed it. I normally look for a broadening pattern and then one that condenses to form a diamond. In your case, the lines are clear but the pattern within is not.

There is another good thread here "Daily GBP/JPY analysis" that could do with some of your observations/analysis! Link below

http://www.forexfactory.com/showthre...16691&page=922
The pattern is quite simple, it's a classic, If there is one main diagonal, than theoretically, you can expect a breakout in the direction of that diagonal, now since we had a diagonal down, also a possible haed and shoulders formation(possible!!!), and now a rhetoric from the G7 that the asian crosses are to high versus the european currencies, one can make an assumption that the dollar, which really has no support, won't have any more sellers, as the crosses are going to be brought down to a more legitimate levels, thus in turn helping the greenback. I might be totally off kilter here, but I had learned that the most obvious patterns are the ones that get traded. And now I don't have a headache trying to undersatnd how the dollar is going to be supported, yes artificially through crosses. This is a very clever statement that was made. Perhaps I'm biased but my reading between the lines tells me that the crosses could be due a pretty nice slide, medium term. We've got techicals, and fundamentals all painting the same picture, and it actually makes sense
  • #41,475
  • Oct 18, 2007 7:08am Oct 18, 2007 7:08am
Decision time is nearing.
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  • #41,476
  • Oct 18, 2007 7:11am Oct 18, 2007 7:11am
sory bro it not demo account.....

Quoting zoheir
Aus Aus .... man you crack me up sometime!!

I'm sure it's arcade money he\s referring to (aka demo account)
  • #41,477
  • Oct 18, 2007 7:11am Oct 18, 2007 7:11am
Quoting gene22
We've got techicals, and fundamentals all painting the same picture, and it actually makes sense
Yup, when both of them align is when markam's dream fantasy comes true
  • #41,478
  • Oct 18, 2007 7:11am Oct 18, 2007 7:11am
Do u think it has the power to break the 4h 200ma?
  • #41,479
  • Oct 18, 2007 7:17am Oct 18, 2007 7:17am
I exit my short trade.. I 'm expecting a 1hr 5sma retrcement from this level.. I will go short at 16GMT.. with new set of momentum indicators.. This could go further down with out a retracement . I'm just playing safe.
  • #41,480
  • Oct 18, 2007 7:26am Oct 18, 2007 7:26am
Aus, first of all Hello, I've being following this thread, and you are doing one hell of a job, don't know how you find the time, anyway, since most of what you are saying I agree with and find that you are a rather excellent thinker(can't agree with everything there wouldn't be any room for this market otherwise)let me ask you for a view on the GBP, in my original opinion, I was thinking that we are in a irregular zig-zag/consolidation pattern, with a possibility of a fake breakout to the upside and then a correction. Now, looking at the PA, I'm begining to feel that we might be headed for double top. Would appreciate your views, take on this.
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