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

  • #51,681
  • Nov 27, 2007 9:22am Nov 27, 2007 9:22am
Auslanco, pls explain the method you use for hedging GBPJPY
  • #51,682
  • Nov 27, 2007 9:25am Nov 27, 2007 9:25am
Dow is only off about 60 points from its highs of the day---still in the green at +48. This 25 minutes after a horrible consumer sent. number was released. I am exiting my short....looks like Dow has will stay positive today.
  • #51,683
  • Nov 27, 2007 9:26am Nov 27, 2007 9:26am
Quoting mike1349
Dear Quecee5,
Thak you for explaining your TP.It was question for me too.Now I got it.The other question I have is for 4Hr Pivot Points you use any indicators or you get it from websites like actionforex?
Regards
Mike
Yes, I use actionforex and find thier pivots points are usually dead on. It has been a very good tool for me in addition to my technical technical charts.
  • #51,684
  • Nov 27, 2007 9:30am Nov 27, 2007 9:30am
Quoting FX-Petra
Dow is only off about 60 points from its highs of the day---still in the green at +48. This 25 minutes after a horrible consumer sent. number was released. I am exiting my short....looks like Dow has will stay positive today.
GJ should hit somewhere bewteen 224.35 and 225, which I think would be a good place to short for the ride back down to possibly 221.50's
  • #51,685
  • Nov 27, 2007 9:33am Nov 27, 2007 9:33am
Quoting WinningTeam
Auslanco, pls explain the method you use for hedging GBPJPY
He enters/exits almost flawless, so he doesn't hedge, and his default SL is 60 pips on the GBP/JPY for 15 Min strat.
  • #51,686
  • Nov 27, 2007 9:43am Nov 27, 2007 9:43am
Quoting quecee5
GJ should hit somewhere bewteen 224.35 and 225, which I think would be a good place to short for the ride back down to possibly 221.50's
11 A.M. Fix coming up maybe interesting for UJ and GJ.

Stay tuned!
  • #51,687
  • Nov 27, 2007 9:47am Nov 27, 2007 9:47am
The 15min chart indicators are bullish, and the 1hr 200sma (4hr 50sma) is my long target @ 224.90.

  • #51,688
  • Nov 27, 2007 9:55am Nov 27, 2007 9:55am
Quoting Pips_Cruiser
The 15min chart indicators are bullish, and the 1hr 200sma (4hr 50sma) is my long target @ 224.90.

PC,

Yep, been long since 222.63.
Nice recovery from yesterday fiasco.
My targets are similar 224.85 and 225.30 if we make there.
Will be looking for nice short opportunity if one permits.

Good luck in your trades today. . .

p.s.

After 11:00 a.m. I would look for the buying interest to start dwindling. . .
I'm looking for a short position after that. . .
  • #51,689
  • Nov 27, 2007 10:08am Nov 27, 2007 10:08am
I'm opened a short position in 224.72. seems it is going to fall down to at least 223.00 and then if I am lucky down to max 221.50.
Discipline + Patience - Fear - Greed = Success
  • #51,690
  • Nov 27, 2007 10:08am Nov 27, 2007 10:08am
Closed out long @ 224.76
Entered short @ 224.60

Hope all are grabbing the pips. . .
  • #51,691
  • Nov 27, 2007 10:13am Nov 27, 2007 10:13am
Yep thanks for that Q got two shorts lined up 224.72 and 223.72. hey have you looked at US/CAD looks like good opportunity to short CAD as oil prices have gone down
  • #51,692
  • Nov 27, 2007 10:16am Nov 27, 2007 10:16am
Quoting quecee5
PC,

Yep, been long since 222.63.
Nice recovery from yesterday fiasco.
My targets are similar 224.85 and 225.30 if we make there.
Will be looking for nice short opportunity if one permits.

Good luck in your trades today. . .
I was lucky yesterday, and didn't get any bad trades. I was at lunch when the big dive took place, and it hit TP while away. Then I missed the big jump up, but correctly saw it was done, heading for a 50% retrace, and took advantage of that.

I see something very similar going on right now. Price will head up to our TP area, loiter around for awhile, then go back down. Right now it's gathering up a few buys for the trip north.

  • #51,693
  • Nov 27, 2007 10:20am Nov 27, 2007 10:20am
Quoting quecee5
Closed out long @ 224.76
Entered short @ 224.60

Hope all are grabbing the pips. . .
Hi quecee5,

how do you see the down target of 221.50? is the possibility high in your opinion? I think it's probable though I'm not sure if it will be the final down point and the major reversal to 241 area should begin from there ...

what do you think?

thank you
Discipline + Patience - Fear - Greed = Success
  • #51,694
  • Nov 27, 2007 10:23am Nov 27, 2007 10:23am
ok. gbp/usd is dropping and usd/jpy is rising. geppy may get stuck until yen starts to drop
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,695
  • Nov 27, 2007 10:36am Nov 27, 2007 10:36am
Quoting moneymagnet
ok. gbp/usd is dropping and usd/jpy is rising. geppy may get stuck until yen starts to drop
GU took a big nose dive . . . hmm . . .
  • #51,696
  • Nov 27, 2007 10:48am Nov 27, 2007 10:48am
What do you guys think about this head and shoulders pattern on the weekly chart.

Any chance the central bank of Japan steps in again should we get a break of the neckline as they did with the USD/JPY some years back.
  • #51,697
  • Nov 27, 2007 10:56am Nov 27, 2007 10:56am
Also short term what about this MACD divergence seen on 1hr chart. Price should rise short term before another real attempt to break lower. Any thoughts on this?
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  • #51,698
  • Nov 27, 2007 11:00am Nov 27, 2007 11:00am
Quoting quecee5
Closed out long @ 224.76
Entered short @ 224.60

Hope all are grabbing the pips. . .
This may have been a very good call!

  • #51,699
  • Nov 27, 2007 11:31am Nov 27, 2007 11:31am
Quoting xander1985
Also short term what about this MACD divergence seen on 1hr chart. Price should rise short term before another real attempt to break lower. Any thoughts on this?
My indicators say the same thing. Also the Dow is up 180 points. So it would seem there's still limited upside potential.
  • #51,700
  • Nov 27, 2007 11:39am Nov 27, 2007 11:39am
Quoting vinesh2
Yep thanks for that Q got two shorts lined up 224.72 and 223.72. hey have you looked at US/CAD looks like good opportunity to short CAD as oil prices have gone down
You very welcomed. . .
Haven't looked @ US/CAD as I mainly trade this beast which keeps me plenty busy - LOL!
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