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

  • #47,401
  • Nov 4, 2007 3:01pm Nov 4, 2007 3:01pm
Quoting moneymagnet
hope it goes down about 50 more pips. need to close a losing short
Why do u want to close a short thats moving in ur direction..??
  • #47,402
  • Nov 4, 2007 3:06pm Nov 4, 2007 3:06pm
Quoting sri
Why do u want to close a short thats moving in ur direction..??
got in a little early and if their is a gap i would rather get out in profit now and get back in later when the gap is filled
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,403
  • Nov 4, 2007 3:09pm Nov 4, 2007 3:09pm
Momentum says today will be a bearish day.
Trade what you see, not what you think.
  • #47,404
  • Nov 4, 2007 3:15pm Nov 4, 2007 3:15pm
Karmo,

Have u posted ur weekly analysis yet?
  • #47,405
  • Nov 4, 2007 3:17pm Nov 4, 2007 3:17pm
Quoting sri
Karmo,

Have u posted ur weekly analysis yet?
no, I have mixed views for this week but I still favor bears, still expecting 50% (235.80) and then we'll have to see..
Trade what you see, not what you think.
  • #47,406
  • Nov 4, 2007 3:18pm Nov 4, 2007 3:18pm
Quoting sri
Was so much looking forward to Karmo's and zoran's weekly analysis....seems they got too many pips last week and got drowned in the pips/alcohal that there are none this week !!!!

Well, looks like this week we can be satisfied i need to be happy with mine and hakuna's weekly statergy views..( i guess hakuna remained sober as he may have to visit his surgery on monday and couldnt risk putting his patients teeth at risk .
Unfortunately I've been quite busy this weekend so without posting any charts, I will give you some analysis.

I suspect there is a bit more up movement left in GJ - a good place to short or add to shorts would be around 240.90. Coming back to that resistance line possibly for the last time before a major fall.

I see the DOW poking its head just above 13,700 and GU going to around 2.1030.

At the levels I have just mentioned, all three will reach strong resistance once again. Therefore my plan is to be short at or around those levels by scaling in.

This is not guaranteed and price could break the resistance. In that case I would expect a fairly big north move and have my positions reversed. But again, I'll be short while within the brick walls.
  • #47,407
  • Nov 4, 2007 3:19pm Nov 4, 2007 3:19pm
Quoting karmostaji
Momentum says today will be a bearish day.
question I respect your options alot I have a neg at 235.75 still open should I be wise and close it and take my lost before they get any worse.
  • #47,408
  • Nov 4, 2007 3:19pm Nov 4, 2007 3:19pm
Quoting Zoran
Unfortunately I've been quite busy this weekend so without posting any charts, I will give you some analysis.

I suspect there is a bit more up movement left in GJ - a good place to short or add to shorts would be around 230.90. Coming back to that resistance line possibly for the last time before a major fall.

I see the DOW poking its head just above 13,700 and GU going to around 2.1030.

At the levels I have just mentioned, all three will reach strong resistance once again. Therefore my plan is to be short at or around those levels by scaling in.

This is not guaranteed and price could break the resistance. In that case I would expect a fairly big north move and have my positions reversed. But again, I'll be short while within the brick walls.
Zo,

i assume you mean 238.90?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,409
  • Nov 4, 2007 3:21pm Nov 4, 2007 3:21pm
No .
i think he meant 240.90 and not 230.90
  • #47,410
  • Nov 4, 2007 3:21pm Nov 4, 2007 3:21pm
Well, I don't know if it's because of the time change over the weekend here in the US or what, but my ODL charts started moving at 2000 GMT and they picked up right where price left off at that same time on Friday (it actually shows about a 3 pip gap). Also, my FXCM platform box is moving though it still shows that trading is closed. So far, price has been as low as 239.40 according to FXCM. By the time trading actually opens there might not be any gap at all, but I think those who suspected and hoped for a possible large gap to the upside will be disappointed.

M2B
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  • #47,411
  • Nov 4, 2007 3:25pm Nov 4, 2007 3:25pm
Ok on VT momentum is bullish, now I'm confused.
Trade what you see, not what you think.
  • #47,412
  • Nov 4, 2007 3:25pm Nov 4, 2007 3:25pm
Quoting my2buoys
Well, I don't know if it's because of the time change over the weekend here in the US or what, but my ODL charts started moving at 2000 GMT and they picked up right where price left off at that same time on Friday (it actually shows about a 3 pip gap). Also, my FXCM platform box is moving though it still shows that trading is closed. So far, price has been as low as 239.40 according to FXCM. By the time trading actually opens there might not be any gap at all, but I think those who suspected and hoped for a possible large gap to the upside will be disappointed.

M2B
thx m2b for the bad news
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,413
  • Nov 4, 2007 3:26pm Nov 4, 2007 3:26pm
g/j opened with just a few pips down..n have made about a 30pips downward move...my 15m MAs just crossed showing a downward bearish move...15m MACD r already down with d second bar.....1Hr macd already declinin n MAs about 2 cross..indicatin dat g/j wuld go down up to 100pips b/4 london n frankfurt opens
Imanuel Parsifal
  • #47,414
  • Nov 4, 2007 3:27pm Nov 4, 2007 3:27pm
Quoting zswander
question I respect your options alot I have a neg at 235.75 still open should I be wise and close it and take my lost before they get any worse.
Honestly I don't like to give my opinion of what to do with people's trades and money, every trader is responsible for their own trades. I still expect price to go to the 50% which 235.80 but with the new VT daily bullish momentum and bearish on MT4, I feel a bit confused now.
Trade what you see, not what you think.
  • #47,415
  • Nov 4, 2007 3:28pm Nov 4, 2007 3:28pm
Quoting moneymagnet
thx m2b for the bad news
Sorry. But actually I'm short at 239.80 from over the weekend. Don't worry. There's lots of pips to be made this week.

M2B
  • #47,416
  • Nov 4, 2007 3:31pm Nov 4, 2007 3:31pm
Ok, for intra-day traders who are using auslanco's strategy, it seems people have kind off forgot about the 4h/1h strategy. 4h QQE is already crossed downwards and once 1h QQE crosses downwards, that should give us a 200 pips trade but since there is this gap on VT, I'm not sure but 4h and 1h momentum are very bearish.
Trade what you see, not what you think.
  • #47,417
  • Nov 4, 2007 3:35pm Nov 4, 2007 3:35pm
Quoting zswander
question I respect your options alot I have a neg at 235.75 still open should I be wise and close it and take my lost before they get any worse.
your messing with fire bro...g/j shuld drop by 100pips b/4 london opens nd shuld b a good chance to minimize ur loss....but doh d big fall is due g/j might take a short at d 241-242 area wich if it breaks ....i wuld say bye-bye to 235 for at least anoda 3month:surprised
Imanuel Parsifal
  • #47,418
  • Nov 4, 2007 3:39pm Nov 4, 2007 3:39pm
Quoting my2buoys
Sorry. But actually I'm short at 239.80 from over the weekend. Don't worry. There's lots of pips to be made this week.

M2B
u know i am just mesing with u m2b. i just closed 1 for +27 now my other is -18. how about dumping a billion on a short for me?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,419
  • Nov 4, 2007 3:43pm Nov 4, 2007 3:43pm
am wit u bro g/j started d month on a pretty high side and with most weekly indicators showin it to b ova bought might go down hard on d bearish side...wich eva way it decide to go we go wit it dats wats we r here for at FF to identify n teach odas to identify d way to da green pips....
Imanuel Parsifal
  • #47,420
  • Nov 4, 2007 3:46pm Nov 4, 2007 3:46pm
Quoting karmostaji
Honestly I don't like to give my opinion of what to do with people's trades and money, every trader is responsible for their own trades. I still expect price to go to the 50% which 235.80 but with the new VT daily bullish momentum and bearish on MT4, I feel a bit confused now.
dont be confused it could be burish
Good judgment comes from experience, and experience comes from bad judgment
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