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

  • #52,041
  • Nov 28, 2007 5:08pm Nov 28, 2007 5:08pm
Quoting auslanco
I thought I should contribute something. Hope this helps
Nice analysis. So how long do you think this zebra-run will last?

Oh I nearly forgot the popular all-annoying question, what are your TP & SL for this trade?
  • #52,042
  • Nov 28, 2007 5:09pm Nov 28, 2007 5:09pm
Quoting Pyramid
Actually , I do not use Pivot Points but As you see in the Attached Picture , The Downtrend could be confirmed by crossing the Fractal , when the Triple CCI are less than 0 and also MA50 confirm it. I do not see confirmation by MA50 (Blue Line) but It may change the Direction soon , because all are showing downtrend..


Still the 228.46 is a dream.... but As Karam Said , Patience for me as a Patient
Imagination is more important than knowledge. -- Albert Einstein
  • #52,043
  • Nov 28, 2007 5:09pm Nov 28, 2007 5:09pm
Quoting jurrigggg
Need a few enlightenments:

1. About the triple interest selloff, I thought the interest payments are due at approximately 5.00pm, probably a few minutes more (giving traders a sure fixed time will give them an opportunity to go long only seconds before and closing the positions seconds after that time, which will be a disaster to the broker) but definitely not more than half an hour after, am I correct?
Different brokers have different times, but it seems most paid interest an hour ago (IBFX is my broker). I don't know if anyone would enter long minutes before the interest is due n then get out, maybe people do that but you can't expect a big selloff just based on that.

2. If yes, why didn't the big boys close all their positions at like say, 5.15pm resulting in a dramatic fall? all I saw for the last thirty minutes was a mere 50 pip drop. If they know everyone's gonna close their position during this time, they would have closed theirs as well as fast as possible which would result in a nice entry point, right?
You can't expect the pair to just plunge right away n fall like a rock (it would if BOE cuts rates or some really bad news), but it won't fall dramatically only because the long positions closed their positions now. If you notice the retracement should of started earlier today but due to it being triple interest, the majority of traders held onto their long until interest was paid and now we see bears coming into play.

3. If, again, yes, so does this slow drop means it was because those big dudes know this pair isnt gonna retrace?
This pair will retrace, possible 200 or so pips until the 50%-61.8% fibo of the last bull-run. If you use auslanco's method then you can see the 15m n 30m QQE have already crossed down, once the 1H QQE crosses down then shorts should be safe for a while (till London maybe?)

and while I post (which is like, never), just wanna say thank you to karmo. Dude you are my idol. You have no idea how much I've learned from your posts
You are most welcome, we are all here to learn, enjoy
.
Trade what you see, not what you think.
  • #52,044
  • Nov 28, 2007 5:11pm Nov 28, 2007 5:11pm
Quoting auslanco
I thought I should contribute something. Hope this helps
hey aus... quick question bout your website...which is awesome by the way....
your post says 10:36 pm for today 11/28/07 for tokyo it is now 6:10 est so what time did the chart go up in est? also what time do you normally post your charts est so us newbies can see them as soon as you post them thank u in advance
  • #52,045
  • Nov 28, 2007 5:19pm Nov 28, 2007 5:19pm
Quoting MoForce
It's better than bollinger

It is the fibonacci bollinger bands
is this a custom indicator, would you mind uploading it? thanks
  • #52,046
  • Nov 28, 2007 5:20pm Nov 28, 2007 5:20pm
Okay , Now the 228.46 is crossed and now , we need correction between JPY Pairs...

But Now Our Resistance is MA20 (Exponential) , If you set it , We will be under it until the trend cross it for at last 3 Candle on Time Frames => 5Minute


All My Guess , so it means ....
Imagination is more important than knowledge. -- Albert Einstein
  • #52,047
  • Nov 28, 2007 5:22pm Nov 28, 2007 5:22pm
Also Japanese Industrial Production less than 20 Minute... Lets hope it shows good data for us for a good and strong retrance.
Imagination is more important than knowledge. -- Albert Einstein
  • #52,048
  • Nov 28, 2007 5:22pm Nov 28, 2007 5:22pm
Quoting dagoods
hey aus... quick question bout your website...which is awesome by the way....
your post says 10:36 pm for today 11/28/07 for tokyo it is now 6:10 est so what time did the chart go up in est? also what time do you normally post your charts est so us newbies can see them as soon as you post them thank u in advance
Latest tokyo , I updated an hour ago. I usually update them just before or at the start of Tokyo and London session.
  • #52,049
  • Nov 28, 2007 5:23pm Nov 28, 2007 5:23pm
Quoting karmostaji
.
thank you.. you are god
  • #52,050
  • Nov 28, 2007 5:28pm Nov 28, 2007 5:28pm
Quoting jurrigggg
thank you.. you are god
Hey man , donot become an idolater .... He is a pious , nice man.


by the way 228.17
Imagination is more important than knowledge. -- Albert Einstein
  • #52,051
  • Nov 28, 2007 5:30pm Nov 28, 2007 5:30pm
Quoting Pyramid
Also Japanese Industrial Production less than 20 Minute... Lets hope it shows good data for us for a good and strong retrance.

oh no news again!@!! agghhhh!
  • #52,052
  • Nov 28, 2007 5:31pm Nov 28, 2007 5:31pm
Quoting dagoods
oh no news again!@!! agghhhh!
Hey dude , it may fell to 227.00 but I think if this news help , then We will see lower than expectations..
Imagination is more important than knowledge. -- Albert Einstein
  • #52,053
  • Nov 28, 2007 5:34pm Nov 28, 2007 5:34pm
Seems like this should fuel the retrace....

Quote
21:23 USD/JPY: Oct Japan Industrial Output Seen Firming - Preview San Francisco, November 28. Robust growth in car exports in particular is expected to help lift industrial output a firm 2.0% in October, reversing the 1.4% fall seen in September. While manufacturers look for growth of around twice this, IFR suspects they may have been a tad optimistic, as per usual. Although output has fallen in more months than it has risen this year, it has seen such strong gains in the past few months that it has grown that trend growth is firmly upward at about 0.6% per month, recovering from a slump in the first part of 2007. The relatively weak yen and strong global growth are key factors, as domestic demand has not been the main driver of output. The outlook remains reasonably firm, reflecting the growing importance of China as a market as the US economy slows. [email protected]
  • #52,054
  • Nov 28, 2007 5:35pm Nov 28, 2007 5:35pm
Quoting Srikanth
It means USD is running temporarily up before it get killed, am i right?
Dude.. you got some imagination ..
anyway price has just bounced off the 4hr 100 sma... let's hope we can break it soon enough.
  • #52,055
  • Nov 28, 2007 5:36pm Nov 28, 2007 5:36pm
I think the news will help GJ move downward faster . Btw, Ive just wondering why JPY news always come out at xx:50 time? Is that a special number for japanese or something? Its trivial, but hey.. if anybody know please enlighten me!
  • #52,056
  • Nov 28, 2007 5:42pm Nov 28, 2007 5:42pm
aaaaaaaagggghhhhh it again raised by 60 pips
Imagination is more important than knowledge. -- Albert Einstein
  • #52,057
  • Nov 28, 2007 5:55pm Nov 28, 2007 5:55pm
The result was good IINM. Btw, ive adjusted my SL and set my TP all the way down at 226.50. Gonna go out and have fun. I was stuck in my house for more than 1 day yesterday in front of the PC but yield only a little profit. Gonna take a new approach for now. Good luck to all!
  • #52,058
  • Nov 28, 2007 5:55pm Nov 28, 2007 5:55pm
Quoting Pyramid
aaaaaaaagggghhhhh it again raised by 60 pips
i just took my last karmo patience pill gulp! lol jpy news good so lets see....
  • #52,059
  • Nov 28, 2007 5:57pm Nov 28, 2007 5:57pm
Quoting Pyramid
aaaaaaaagggghhhhh it again raised by 60 pips
i think we are just seeing a 1 hr 5sma towards 228.70, 228.10 where the price has just bounced is also the 1 hr gann, good sign that the pair will continue it's journy to the south.
  • #52,060
  • Nov 28, 2007 6:46pm Nov 28, 2007 6:46pm
Quoting Pyramid
aaaaaaaagggghhhhh it again raised by 60 pips
hope u hung in there i m gonna tp soon
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