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

  • #54,521
  • Dec 12, 2007 2:46am Dec 12, 2007 2:46am
Quoting fer
i am long from 225.73 , target at 227.00 or higher and stop at 225.00- 225.20( where i will assess for a short from there )

fer

i am exiting my postion here at 227.30 for +157 pips. i think im done for the day.

fer
  • #54,522
  • Dec 12, 2007 2:47am Dec 12, 2007 2:47am
Quoting moneymagnet
we are about 50 pips away from where we were before the announcement. didnt expect it. the geppy is in true beast form
we just completed 50% retrace from yesterdays fall, very normal. 1H QQE will touch 50 line and then cross downwards, just my expectations.
Trade what you see, not what you think.
  • #54,523
  • Dec 12, 2007 2:52am Dec 12, 2007 2:52am
Quoting moneymagnet
actually yesterday looked bearish to me, i just expected the rate decision to make it bullish

even though there are no bearish signs yet....maybe we just ease down to 226.05 median line and possibly lower (unless we break out hihger through resistance) that would be my best guess on pf .... see chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj pf 5m, 1h pf.gif Size: 18 KB
  • #54,524
  • Dec 12, 2007 2:55am Dec 12, 2007 2:55am
Quoting Derek S
Thanks Fer..... You giving signals???? I'm new to FF and can't PM you .... please PM me I like to follow you.
no--i dont give signals. im am trading forex for just over 1 year and have learnt a lot from the forum threads here in FF. i keep to basics. thread journals from traders like breeze, Hakuna matata, my2buoys, karmo, mikew etc (sorry if ive forgotten some of you) have taught me a lot on simple basics in trading. im up quite a fair bit in last 2 months and have tried to be as much consistent as i can now since last 5 months. im far from having the courage to give out signals but bold to post my trades with what i see on charts as to why i take them. just following the kiss rule.
100sma on 30minute time frame looks next. i exited because i have 50% retrace of that move down at 227.30 and that was my target so far. now i will see what price action does.

fer
  • #54,525
  • Dec 12, 2007 3:02am Dec 12, 2007 3:02am
Quoting karmostaji
we just completed 50% retrace from yesterdays fall, very normal. 1H QQE will touch 50 line and then cross downwards, just my expectations.
u shorted on the 50 fib karmo ?
Good judgment comes from experience, and experience comes from bad judgment
  • #54,526
  • Dec 12, 2007 3:03am Dec 12, 2007 3:03am
Quoting PonziFx
u shorted on the 50 fib karmo ?
yes
Trade what you see, not what you think.
  • #54,527
  • Dec 12, 2007 3:06am Dec 12, 2007 3:06am
Quoting karmostaji
yes
good luck and good pips then we are in same boat
Good judgment comes from experience, and experience comes from bad judgment
  • #54,528
  • Dec 12, 2007 3:15am Dec 12, 2007 3:15am
Price action with fibs on the Daily.

12/11/07 daily bar is a outside bearish bar to the 12/10/07 daily bar. So with a bearish bias for today, how do we enter. One way is to use fibs to find a good retracement location. 50 and/or 61.8 level would be good entry areas for going short.
GbpJpY seems to like the 50 (Thanks Karmo)

Let's see what happens.

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #54,529
  • Dec 12, 2007 3:18am Dec 12, 2007 3:18am
I post new analyses for today, for pair USD/JPY, GBP/JPY and USD/CHF.

link: http://www.trading-fx.si/fx/sloanaliza.htm

I hope that it helps you a little.

Many pips.

grega
  • #54,530
  • Dec 12, 2007 3:21am Dec 12, 2007 3:21am
Quoting moneymagnet
ej is dropping and the gj is trying to rise. geppy just looking bullish to me. i mean it easily broke the 4hr 50ema daily 5ema close. any thoughts anyone

Much will depend on the GBP news results coming out in 15 minutes or so. GBP/JPY seems to be following GBP/USD today.

If news proves to be positive for GBP, I don't think we shall see much
GBP/JPY downside today. Although the GBP/JPY Daily open price was below the Daily 5SMA close which signifies shorts should be in play for part of the day.
  • #54,531
  • Dec 12, 2007 3:21am Dec 12, 2007 3:21am
Quoting karmostaji
yes
will go down but i dont think the retrace is over until 227.85. may be then after the rangeit will create at that level if it does.
just a thought though,
  • #54,532
  • Dec 12, 2007 3:31am Dec 12, 2007 3:31am
I'm going to go enjoy life and let this thing ride down by itself, enjoy whoever is on the ride with me
Trade what you see, not what you think.
  • #54,533
  • Dec 12, 2007 3:34am Dec 12, 2007 3:34am
Quoting karmostaji
I'm going to go enjoy life and let this thing ride down by itself, enjoy whoever is on the ride with me
Thanks bro, you too enjoy it. well deserved .
Coffee in an hour ???
  • #54,534
  • Dec 12, 2007 3:35am Dec 12, 2007 3:35am
one thing is to see the 50% fib retracement, another is to wait for the daily pivot.

price just close below daily pivot, i'm now short coz all my indicators have confirmed the retracement.
The pips is trending for you to catch, just catch it wisely.....
  • #54,535
  • Dec 12, 2007 3:35am Dec 12, 2007 3:35am
ive gone short from 227.08 reasons mentioned by many. s/l at 227.58 and t/p at 225.90
  • #54,536
  • Dec 12, 2007 3:35am Dec 12, 2007 3:35am
Quoting zoheir
Thanks bro, you too enjoy it. well deserved .
Coffee in an hour ???
I've got my 1st final tomorrow, just 4 days of univ left and then I'm done for good

Coffee after exams are over lol
Trade what you see, not what you think.
  • #54,537
  • Dec 12, 2007 3:36am Dec 12, 2007 3:36am
Quoting karmostaji
I'm going to go enjoy life and let this thing ride down by itself, enjoy whoever is on the ride with me
nice call karm. i have been short since the upper 226's. it was looking bullish to me thats all. removed my sell entry from 227.40 (should of kept it) just didn't want to be in it right before announcement. good night and good trading to all
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #54,538
  • Dec 12, 2007 3:36am Dec 12, 2007 3:36am
looks like a classic pennant on the shorter time frames.
  • #54,539
  • Dec 12, 2007 3:37am Dec 12, 2007 3:37am
I guess yesterday's daily candle will happen to today's. LOL

Patience pays.
  • #54,540
  • Dec 12, 2007 3:37am Dec 12, 2007 3:37am
Karmo, I am an only an observer on this thread most of the time. My hat is off to you and your keen understanding of price movement on G/J! I can only hope one day to grasp half as much of this as you have!
Thank you so much for your helpfulness!
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