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

  • #54,281
  • Dec 11, 2007 8:34am Dec 11, 2007 8:34am
anyone knows wat this london bridge falling down in pound yen is about
  • #54,282
  • Dec 11, 2007 8:35am Dec 11, 2007 8:35am
Quoting moneymagnet
i agree. the "players" probably already know the decision if that happens
Trying to help the newbie's to catch the trend and enjoy the ride with us, I feel bad for em blowing up accounts, I've been through it and that feeling is horrible lol.
Trade what you see, not what you think.
  • #54,283
  • Dec 11, 2007 8:39am Dec 11, 2007 8:39am
hourly 50ema is at 228.05 and the 200ema is at 227.32. possible short term bear targets. but i do have one of those bullish bats on my 30 min (not good with these yet)
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,284
  • Dec 11, 2007 8:39am Dec 11, 2007 8:39am
Quoting karmostaji
Trying to help the newbie's to catch the trend and enjoy the ride with us, I feel bad for em blowing up accounts, I've been through it and that feeling is horrible lol.
I can attest to that horrible feeling as well..lol

Kenny
  • #54,285
  • Dec 11, 2007 8:50am Dec 11, 2007 8:50am
Sorry guys couldn,t help that after reading one of the posts. I took partial profit at 229.5 and the remaining was closed out at 229. If any newbies had been on this ride from 226.5, they wouldn't have any reason to complain. I am here to analyse just like you all, not for making trade calls. Enjoy your shorts.
  • #54,286
  • Dec 11, 2007 8:50am Dec 11, 2007 8:50am
Quoting moneymagnet
hourly 50ema is at 228.05 and the 200ema is at 227.32. possible short term bear targets. but i do have one of those bullish bats on my 30 min (not good with these yet)
Didn't see any yet on 30mins.

Well most traders did blow up their accounts b4. So we been thru it.

Well I did more than once. * coughs*
  • #54,287
  • Dec 11, 2007 8:52am Dec 11, 2007 8:52am
Quoting uncleforex
Didn't see any yet on 30mins.

Well most traders did blow up their accounts b4. So we been thru it.

Well I did more than once. * coughs*
here is my 30 min uncle
Attached Image
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,288
  • Dec 11, 2007 8:55am Dec 11, 2007 8:55am
Quoting moneymagnet
here is my 30 min uncle
That will be the retrace we'll get to the 1H 5sma
Trade what you see, not what you think.
  • #54,289
  • Dec 11, 2007 8:58am Dec 11, 2007 8:58am
Quoting moneymagnet
here is my 30 min uncle
I dont have it. Maybe we have the different version . Mine is ZUP_67

Anyway I don't think the down move has finished. So catching that trade would be dangerous i guess.
  • #54,290
  • Dec 11, 2007 9:00am Dec 11, 2007 9:00am
Quoting uncleforex
I dont have it. Maybe we have the different version . Mine is ZUP_67

Anyway I don't think the down move has finished. So catching that trade would be dangerous i guess.
i dont use it to trade yet but trying to incorporate it with aus' system
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,291
  • Dec 11, 2007 9:01am Dec 11, 2007 9:01am
Quoting karmostaji
That will be the retrace we'll get to the 1H 5sma
that is what i am thinking as well
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,292
  • Dec 11, 2007 9:13am Dec 11, 2007 9:13am
Quoting karmostaji
That will be the retrace we'll get to the 1H 5sma

psar on 4 hour fyi yall i m closing longs from yesterday....
  • #54,293
  • Dec 11, 2007 9:15am Dec 11, 2007 9:15am
Quoting my2buoys
OK. Enough of the funny stuff. Here's some real analysis. I see by reading the thread that everybody is itching big time to go short, even to the point of blowing up accounts. I see that even Aus has called for a short-term short down to the 228 area. We could see some kind of retracement of 100 to 200 pips at any given time. However, I don't see this thing collapsing until the 50 Fib, around 231.30, is hit, at the very least. As Karmo has proven time and again, GBP/JPY loves the 50 Fib. This Fib is from the Daily Chart so it is taking its sweet time getting there. Remember, price needs a reason to reverse at the points it reverses (e.g. EMAs, Fib lines, etc). Just being OB or OS is not good enough. The 4H has been OB on the Stochastics for two days. I realize price bounced off of the 50EMA on the Daily (around 229.90), and that might be enough to reverse this beast. After all, that is also right near the Weekly 5SMA high around 229.70. I'm just not comfortable committing to shorts yet until we see that 50 Fib hit or a close beneath the TFT on the 1H at the least. There is even a slight possibility that price could decide to stretch up to the 61.8 Fib, around 233.70, where the Daily 200 EMA also sits. Beneath is a look at both the Daily and 4H charts.

M2B
Great minds think alike. . .
Said the exact same thing in a post yesterday with a chart. . .
Just went long on the pullback 228.38 plan to buy all the way down to 228.00 stops at 227.80's but I don't see it dropping lower than 228 (too much support down there from 4 hr/Daily chart) before hitting 50% fib possibly below/at 61.8% fib, 232.50/233. . .

From the price action it looks like buying/accumulation going on at these levels or else it would have dropped like a rock by now. Also, GJ looks agressive and strong up here above 228 so I think we will see higher level later today. Just my take/observation. . .

Closed short from yesterday from 229.10 to 228.48 for abot 60 pips because I was expecting a pullback to at least 227.60/80 and then a bounce. Once that didn't happen that just confirmed even more someone wants the price higher so why go against the grain. . .

Still looking to short up at 231.50/232.50/233 (possibly) as I think we will see it back down to at least 225 , from there I will monitor to see how price behaves at that level. . .

Cheers. . .

Good luck all. . .
  • #54,294
  • Dec 11, 2007 9:25am Dec 11, 2007 9:25am
US Interest Rate Statement coming out at 19:15 GMT...
  • #54,295
  • Dec 11, 2007 9:27am Dec 11, 2007 9:27am
bounce off of the 1 hr 50 ema?
  • #54,296
  • Dec 11, 2007 9:30am Dec 11, 2007 9:30am
This is getting nasty.

E/J should break 164 soon and head down to 163s soon.

Don't try to catch a falling knife.
  • #54,297
  • Dec 11, 2007 9:32am Dec 11, 2007 9:32am
Quoting uncleforex
This is getting nasty.

E/J should break 164 soon and head down to 163s soon.

Don't try to catch a falling knife.
.
Trade what you see, not what you think.
  • #54,298
  • Dec 11, 2007 9:33am Dec 11, 2007 9:33am
well.. i've been holding shorts on G/J from 224's up till now.. lolx..

oh well.. there should be some sort of bounce on G/J @ around 227.50 back to test the highs maybe.. but should be bearish over the next couple of days and send Yen pairs lower..

Quoting uncleforex
This is getting nasty.

E/J should break 164 soon and head down to 163s soon.

Don't try to catch a falling knife.
  • #54,299
  • Dec 11, 2007 9:33am Dec 11, 2007 9:33am
Quoting uncleforex
This is getting nasty.

E/J should break 164 soon and head down to 163s soon.

Don't try to catch a falling knife.
Please tell me to stop scalping.
  • #54,300
  • Dec 11, 2007 9:35am Dec 11, 2007 9:35am
230.20/30 next stop for this pair l8ter today. . .

Good luck all see you @ 230's. . .
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