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

  • #55,541
  • Dec 18, 2007 3:44pm Dec 18, 2007 3:44pm
If the new 1H candle opens above the gann (which is at 238.50) after 15min we may touch the R1 for which quecee mentioned some time ago!
  • #55,542
  • Dec 18, 2007 4:04pm Dec 18, 2007 4:04pm
The GJ is not disconnected from DOW , GBP Weakness is filling the Falling YEN Pattern and it means just nothing serious happens on GJ....
We need to see some movements on GU and Strong on UJ Because now Cable is double... !!!! When USD strengthen the GBP Weakens .... !!!! and it make no push on GJ !!!!
Imagination is more important than knowledge. -- Albert Einstein
  • #55,543
  • Dec 18, 2007 4:55pm Dec 18, 2007 4:55pm
Hmmm. I would like you guys to share your opinions on my short position on the break of this triangle... I may be jumping the gun a little on this one, but there is all sorts of evidence calling for a move to the downside - hoping this may spark the move to break the larger consolidation pattern were a re currently stuck in.
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"If it bleeds ... we can kill it"
  • #55,544
  • Edited 6:11pm Dec 18, 2007 5:17pm | Edited 6:11pm
Quoting MMDealer
Hmmm. I would like you guys to share your opinions on my short position on the break of this triangle... I may be jumping the gun a little on this one, but there is all sorts of evidence calling for a move to the downside - hoping this may spark the move to break the larger consolidation pattern were a re currently stuck in.

gbp rate cut talk vote etc... check the calendar 4 am 4:30 am we will know where we are going i think... we are currently in a range and that = that the range must be broken at some point therefore soon ther will be a breakout. and if ther is breakout going to happen soon (but maybe no big moves till eur session) then when it happens jump on and ride the whale
  • #55,545
  • Dec 18, 2007 5:52pm Dec 18, 2007 5:52pm
Quoting dagoods
gbp rate cut talk vote etc... check the calendar 4 am 4:30 am we will know where we are going i think... range = breakout going to happen soon but maybe no big moves till eur session then jump on and ride the whale

Haha love it... Cheers mate.
"If it bleeds ... we can kill it"
  • #55,546
  • Dec 18, 2007 6:00pm Dec 18, 2007 6:00pm
Quoting MMDealer
Hmmm. I would like you guys to share your opinions on my short position on the break of this triangle... I may be jumping the gun a little on this one, but there is all sorts of evidence calling for a move to the downside - hoping this may spark the move to break the larger consolidation pattern were a re currently stuck in.
since we are ranging i wouldn't consider that a breakout, unless you were scalping. look at your top blue line and your bottom one, thats our range and any formations within this range arre not as valid until we break out. IMO
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,547
  • Dec 18, 2007 6:11pm Dec 18, 2007 6:11pm
Quoting moneymagnet
since we are ranging i wouldn't consider that a breakout, unless you were scalping. look at your top blue line and your bottom one, thats our range and any formations within this range arre not as valid until we break out. IMO

i agree thats whta i meant edited my post cheers
  • #55,548
  • Dec 18, 2007 6:15pm Dec 18, 2007 6:15pm
Quoting moneymagnet
since we are ranging i wouldn't consider that a breakout, unless you were scalping. look at your top blue line and your bottom one, thats our range and any formations within this range arre not as valid until we break out. IMO
Thanks for the great advice. Always appreciated!
"If it bleeds ... we can kill it"
  • #55,549
  • Dec 18, 2007 6:30pm Dec 18, 2007 6:30pm
Sitting on the daily pivot between the 200 and 89 sma on the 4hr. for the last 2 days. I'm still leaning toward a break to the downside taking into consideration the CPI out of Britain today. A catalyst might be the BOE minutes, or if the BOJ suggests any rate hikes which aren't likely considering the weak economy. Who knows , when in doubt stay on the sidelines instead of guessing. Seriously, considering all the monetary policy that has happened in the last week, it's anyone's guess. Eventually the charts will offer more guidance, but for now it's a guessing game in my opinion.
  • #55,550
  • Dec 18, 2007 6:34pm Dec 18, 2007 6:34pm
I don't know if you are allowed to post links here but this is a must to have if you trade manually. The link is to a trading simulator set up for MT4 that allow you to test manual systems it's fantastic and very simple to set up. NewDigital has translated the instructions.

http://www.forex-tsd.com/expert-anal...system-38.html


Cheers
  • #55,551
  • Dec 18, 2007 6:38pm Dec 18, 2007 6:38pm
Quoting Kiwi06
I don't know if you are allowed to post links here but this is a must to have if you trade manually. The link is to a trading simulator set up for MT4 that allow you to test manual systems it's fantastic and very simple to set up. NewDigital has translated the instructions.

http://www.forex-tsd.com/expert-anal...system-38.html


Cheers
That particular area is only open to subscribed (ie. paid) members.
  • #55,552
  • Dec 18, 2007 6:45pm Dec 18, 2007 6:45pm
Sorry about that I had not realized it it was subscription only I will try and find another public link
  • #55,553
  • Dec 18, 2007 7:04pm Dec 18, 2007 7:04pm
GBP/JPY
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  • #55,554
  • Dec 18, 2007 7:46pm Dec 18, 2007 7:46pm
still bullish biased
waiting for range breakout. a close above 228.90 or close below 227.80 for 50-100 pips minimum.
enjoy life in meantime.

fer
  • #55,555
  • Dec 18, 2007 7:59pm Dec 18, 2007 7:59pm
Quoting fer
still bullish biased
waiting for range breakout. a close above 228.90 or close below 227.80 for 50-100 pips minimum.
enjoy life in meantime.

fer

Thanks mate, I just took profit on my little short and will sideline myself till we see a breakout (prefereably after the minutes?)

Enjoy life? I wish i could!... Im at work...
"If it bleeds ... we can kill it"
  • #55,556
  • Dec 18, 2007 8:43pm Dec 18, 2007 8:43pm
Hey Aus cool to see we are on the same page check-out my Journal Turn 1to100 Straight foward trades

Quoting auslanco
GBP/JPY
  • #55,557
  • Dec 18, 2007 9:28pm Dec 18, 2007 9:28pm
[quote=Kiwi06;trading simulator set up for MT4 that allow you to test manual systems it's fantastic and very simple to setup.


Hey, I went to that link and don't have priveleges. but that manual trading simulator sounds handy. How do I get closer to it ??

(edit) oops, I should have read farther ahead as my question is already answered.
  • #55,558
  • Dec 18, 2007 9:46pm Dec 18, 2007 9:46pm
It looks to me like both GBPJPY and GBPUSD are at an important juncture. Both are in wedges and I expect them to breakout fairly soon, possibly following the MPC meeting minutes if they arouse enough interest.

Peruse the charts below. The GBPJPY 4H shows we have been trading in an ever decreasing range for the past week, and the width of this wedge is just 100 pips across now.

GBPUSD has been supported by the lower trendline (drawn on the weekly) for a long, long time. If it breaks this support it will be significant, indicating a change in trend and a bearish outlook for 2008. The upper more recent trendline of the wedge has been tested three times. If it breaks this I would consider longs at least in the short term.
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  • #55,559
  • Dec 18, 2007 10:39pm Dec 18, 2007 10:39pm
Quoting birdt
It looks to me like both GBPJPY and GBPUSD are at an important juncture. Both are in wedges and I expect them to breakout fairly soon, possibly following the MPC meeting minutes if they arouse enough interest.

Peruse the charts below. The GBPJPY 4H shows we have been trading in an ever decreasing range for the past week, and the width of this wedge is just 100 pips across now.

GBPUSD has been supported by the lower trendline (drawn on the weekly) for a long, long time. If it breaks this support it will be significant, indicating a change in trend and a bearish outlook for 2008. The upper more recent trendline of the wedge has been tested three times. If it breaks this I would consider longs at least in the short term.
great job thanks! straddle sounds tempting eh....
  • #55,560
  • Dec 18, 2007 11:19pm Dec 18, 2007 11:19pm
looks as though GBPJPY has been in a ranging period for a couple of days now, any speculations as to why and for how much longer?

thanks gents..
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