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

  • #52,601
  • Nov 29, 2007 11:54pm Nov 29, 2007 11:54pm
Quoting GJtrader
UJ 111 means GJ could be >230
Why do you say that? the current U/J hourly bar has a high of 110.53. That's only 47 pips from 111.00.
  • #52,602
  • Nov 29, 2007 11:54pm Nov 29, 2007 11:54pm
I can always enter at a later point. My logic is that ive already secured some 40 pips and for the next trade i can still protect my account from 'loses' with that 40 pips. Hopefully the next movement will be a large one. I want to try to ride a 200/300 pips wave. The most ive ever got so far is only 100 and then chicken out only to see its gaining another 200 pips
  • #52,603
  • Nov 30, 2007 12:02am Nov 30, 2007 12:02am
Quoting brucehvn
Why do you say that? the current U/J hourly bar has a high of 110.53. That's only 47 pips from 111.00.

yes, it's 50 pips to 111 and GJ is 228 which means ,even GU doesn't move, GJ should be up 100 pips which is 229
if GU moves up with UJ, then GJ will >230
and my 1tp is 229.5
2tp is 230.5
  • #52,604
  • Nov 30, 2007 12:06am Nov 30, 2007 12:06am
GU just broke through lots of resistance and is heading toward daily pivot

we would have to wait for UJ to turn back up for GJ to follow right?
The odds are on my side; let's hope they stay that way!!!
  • #52,605
  • Nov 30, 2007 12:07am Nov 30, 2007 12:07am
hi, karmo,
what did you get from the new mom reading?
it looks choppy bearish
  • #52,606
  • Nov 30, 2007 12:20am Nov 30, 2007 12:20am
It is amazing how fast trader's sentiment on g/j here changes.
  • #52,607
  • Nov 30, 2007 12:23am Nov 30, 2007 12:23am
what about the doji on 4hr with momentem down
Losers Complain, Winners Train! Utah
  • #52,608
  • Nov 30, 2007 12:24am Nov 30, 2007 12:24am
wat do u think uncle forex..im still holding onto my longs...are u bearish biased?
  • #52,609
  • Nov 30, 2007 12:31am Nov 30, 2007 12:31am
Quoting ife
wat do u think uncle forex..im still holding onto my longs...are u bearish biased?
I have a slight bias to the downside. I think we will range between 228 and 224 for sometime. We haven't see 224 yet.
  • #52,610
  • Nov 30, 2007 12:31am Nov 30, 2007 12:31am
I was stopped out my shorts but re-entered my short again,
now with bigger stop loss,let us see 225
Boyy,trap money,like bear hunters.
  • #52,611
  • Nov 30, 2007 12:32am Nov 30, 2007 12:32am
Quoting GJtrader
hi, karmo,
what did you get from the new mom reading?
it looks choppy bearish
It is bearish but it's not good to go short unless 30m or even better 1H QQE crosses downwards until then longs are ok.
Trade what you see, not what you think.
  • #52,612
  • Nov 30, 2007 12:35am Nov 30, 2007 12:35am
Quoting karmostaji
It is bearish but it's not good to go short unless 30m or even better 1H QQE crosses downwards until then longs are ok.
Yup I also waiting for the 1H QQE to go below 50 to add more shorts.
  • #52,613
  • Nov 30, 2007 12:55am Nov 30, 2007 12:55am
Can someone tell me what December trading is like? with these pairs

I am thinking of taking a break until 2008.
  • #52,614
  • Nov 30, 2007 12:56am Nov 30, 2007 12:56am
karmo.please do post wen the 30min and 1hr qqe cross downwards..im still long though
  • #52,615
  • Nov 30, 2007 1:13am Nov 30, 2007 1:13am
Quoting bcorsaut24
JPY Housing Starts y/y
Actual@ -35.0%
Projected@ -36.7%
Previous@ -44.0%

numbers better than expected for JPY....maybe we will see a sell-off of GJ at the major resistance (about 227.8-228)

i would like to see it drop to about 226.5 to major support for another opportunity to buy low

anybody?
And it should to gain more momentum to get through 228 then on to 229/30 area. . .
  • #52,616
  • Nov 30, 2007 1:20am Nov 30, 2007 1:20am
Quoting quecee5
And it should to gain more momentum to get through 228 then on to 229/30 area. . .
you still think we'll see a sell-off to around 226.5....as GU keeps rising??

and then a jump back w/ power??
The odds are on my side; let's hope they stay that way!!!
  • #52,617
  • Nov 30, 2007 1:21am Nov 30, 2007 1:21am
Quoting Big Bruv
Can someone tell me what December trading is like? with these pairs

I am thinking of taking a break until 2008.

good idea mate. The market is usually dead or very unpredictable from the 3rd week of December to around 10th of January.
  • #52,618
  • Nov 30, 2007 1:22am Nov 30, 2007 1:22am
a 30m or 1h candle close above 227.70 and we'll break to the upside until then this tight ranging.
Trade what you see, not what you think.
  • #52,619
  • Nov 30, 2007 1:24am Nov 30, 2007 1:24am
Quoting bcorsaut24
you still think we'll see a sell-off to around 226.5....as GU keeps rising??

and then a jump back w/ power??
Yes, very possible. . .
I don't see it going down any more than that though.
Right now it seems to lack the momentum to get back above 228 area.
If it goes down it should happen within the next couple hours and then bounce hard from there. .

We shall see how this plays out. . .
  • #52,620
  • Nov 30, 2007 1:26am Nov 30, 2007 1:26am
Quoting karmostaji
a 30m or 1h candle close above 227.70 and we'll break to the upside until then this tight ranging.
Bro.. maybe you should call your cousin and ask him to buy some more US subprime debts.
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