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

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

#55,461
Dec 18, 2007 1:36am Dec 18, 2007 1:36am

forexnovice
| Joined Nov 2006 | Status: Seeking Light | 1,059 Posts

Quoting dagoods

Disliked

great thanks! i'm starting to see some things here and there.... uj on the other hand has me baffled...... what about this one?

Ignored

Looking to build longs after price bounces from 50 fib with PA to confirm.

Attached Image (click to enlarge)

Click to Enlarge

Name: uj 4hr.gif
Size: 14 KB

#55,462
Dec 18, 2007 1:45am Dec 18, 2007 1:45am

dagoods
Joined Nov 2007 | Status: Trader | 3,060 Posts

Quoting forexnovice

Disliked

Looking to build longs after price bounces from 50 fib with PA to confirm.

Ignored

wonderful ....thanks!!!! so gj get stuck again in a range when and if this plays out???

#55,463
Edited 2:20am Dec 18, 2007 1:58am | Edited 2:20am

forexnovice
| Joined Nov 2006 | Status: Seeking Light | 1,059 Posts

Quoting dagoods

Disliked

wonderful ....thanks!!!! so gj get stuck again in a range when and if this plays out???

Ignored

Lol..that is the problem when one trades all the three pairs. GU up, UJ down, so GJ neutral, even when it averages 150 pips a day.

Analyse each pair as a separate entity (even when we know they are related) and you will be able to see the clear picture. I have stopped looking at GU or UJ for direction on GJ trades and am doing reasonably well although I still refer to it once in a while.

edit-Easier said than done..

#55,464
Dec 18, 2007 2:45am Dec 18, 2007 2:45am

Squidster
| Joined Oct 2007 | Status: God is with those who are patient. | 123 Posts

GBP CPI y/y today might even push this pair higher. According to my fib channels, we did not reach the high of the channel yesterday. So it could be possile today.

#55,465
Dec 18, 2007 3:07am Dec 18, 2007 3:07am

Sc.david
| Joined Nov 2007 | Status: Trader | 40 Posts

Quoting Squidster

Disliked

GBP CPI y/y today might even push this pair higher. According to my fib channels, we did not reach the high of the channel yesterday. So it could be possile today.

Ignored

Sure, its 75% possible today

#55,466
Dec 18, 2007 3:20am Dec 18, 2007 3:20am

Ari Gold
| Joined Jun 2007 | Status: Hug it out Bitch | 464 Posts

CPI will be inflationary. GU positive. GJ higher.

"If it bleeds ... we can kill it"

#55,467
Dec 18, 2007 3:25am Dec 18, 2007 3:25am

Loadthepips
| Joined Oct 2006 | Status: Trader | 34 Posts

Quoting Squidster

Disliked

GBP CPI y/y today might even push this pair higher. According to my fib channels, we did not reach the high of the channel yesterday. So it could be possile today.

Ignored

Could you please explain your fib channels of yesterday. What was the high and what do the fib channels show for today?

Thanks

#55,468
Dec 18, 2007 3:36am Dec 18, 2007 3:36am

1Sundevil
| Joined Sep 2006 | Status: Trader | 228 Posts

Quoting MMDealer

Disliked

CPI will be inflationary. GU positive. GJ higher.

Ignored

what was that again?

#55,469
Dec 18, 2007 3:45am Dec 18, 2007 3:45am

Ari Gold
| Joined Jun 2007 | Status: Hug it out Bitch | 464 Posts

Haha yep - i guess that makes me ... WRONG!

Just gave back todays profits on that one...

"If it bleeds ... we can kill it"

#55,470
Dec 18, 2007 4:00am Dec 18, 2007 4:00am

1Sundevil
| Joined Sep 2006 | Status: Trader | 228 Posts

LOL! It's happened to all of us at one time or another.

#55,471
Edited 4:29am Dec 18, 2007 4:29am | Edited 4:29am

Price
Joined Sep 2007 | Status: Trader | 1,181 Posts

Hello traders, my name is price.
This is the 1 hour chart I'm looking at. It's pretty much a "vegas tunnel".
The idea is that the white and yellow lines create a tunnel which is your control line. (long above / short below). Right now the market is in between all of the lines, ready for the next move !
(forgive me if I'm off topic in this thread, but I have some other charts to look at as well)
Cheers,
price

#55,472
Edited 4:34am Dec 18, 2007 4:33am | Edited 4:34am

Price
Joined Sep 2007 | Status: Trader | 1,181 Posts

This is the 1 hour chart I'm looking at. try again to get the chart.
Cheers,
price

#55,473
Dec 18, 2007 4:46am Dec 18, 2007 4:46am

fx4life
| Joined Aug 2007 | Status: Member in Learning | 58 Posts

Quoting price

Disliked

This is the 1 hour chart I'm looking at. try again to get the chart.
Cheers,
price

Ignored

Cant See the chart bro. try uploading again.

#55,474
Dec 18, 2007 5:11am Dec 18, 2007 5:11am

Price
Joined Sep 2007 | Status: Trader | 1,181 Posts

Quoting fx4life

Disliked

Cant See the chart bro. try uploading again.

Ignored

OK,...

Attached Image

#55,475
Dec 18, 2007 5:43am Dec 18, 2007 5:43am

mjolimer
| Joined Jun 2007 | Status: Pip Art Student | 326 Posts

i don't understand.. it appears to be above both lines at the moment.. is that a buy?

#55,476
Dec 18, 2007 5:57am Dec 18, 2007 5:57am

Price
Joined Sep 2007 | Status: Trader | 1,181 Posts

Quoting mjolimer

Disliked

i don't understand.. it appears to be above both lines at the moment.. is that a buy?

Ignored

Yes, it would mean that longs are preferred. In fact, entering right near the tunnel is the general idea, especially when all of the lines are tight together like this. I'll try to find some more info on this,...

#55,477
Dec 18, 2007 6:08am Dec 18, 2007 6:08am