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

  • #55,781
  • Dec 20, 2007 10:46am Dec 20, 2007 10:46am
Quote
I have a hedge sell order @ 223.25---if you hits you should be safe for a retrace up to at least Daily 5 SMA Low near 226.50!!!

We really appreciate your sacrifice!!
  • #55,782
  • Dec 20, 2007 10:48am Dec 20, 2007 10:48am
nothing i'm pretty sober.

Sorry for being too metaphorical.

Elaborated version would be "Buy high sell higher" vis-a-vis.

Happy trading.
  • #55,783
  • Dec 20, 2007 10:54am Dec 20, 2007 10:54am
Hi guys, was out today .

Just got back home.

Long g/j @ 233.68. I think it can go up easily 50pips. Im targeting 100pips.

Im also on long u/j from 112.90. Targeting 50pips up.
  • #55,784
  • Dec 20, 2007 11:05am Dec 20, 2007 11:05am
Anyone agree with M2B's technical analysis about GJ reaching 232 end of next week? Monthly 5SMA close is at 232'ish area. I know Fundementals are not present for the 232 region but technicals are. 10C and 1C on monthly are bullish how ever STOCH, QQE and RSI are pointing downwards. Anyone care to explain also on my chart looks liks 25EMA is providing support for now. Lows for last month was 221.26
  • #55,785
  • Dec 20, 2007 11:10am Dec 20, 2007 11:10am
Quoting doughboi
Yea, pro enough not to buy on every freakin dip like the rest of you guys. I may not be a pro, but considering that im 19 and almost making as much money as my dad....I think im good enough
considering that u'r 19, brag abt this earnings(> ur dad) till u 're old as ur dad. ...........n........ i'lll be around to see 'f u squeal the 'ame ol' mama/dada, doughy dearie!
  • #55,786
  • Dec 20, 2007 11:24am Dec 20, 2007 11:24am
Actually I've seen many days like today which is the day not to catch the falling knife and already cut my hand quite a few times but I think today is like this ...
Discipline + Patience - Fear - Greed = Success
  • #55,787
  • Dec 20, 2007 11:27am Dec 20, 2007 11:27am
if the price on GBP/JPY reach to lower than 223.20 area for next hour candle, I think there will be no bounce
Imagination is more important than knowledge. -- Albert Einstein
  • #55,788
  • Dec 20, 2007 11:30am Dec 20, 2007 11:30am
like this ...
Attached Image
Discipline + Patience - Fear - Greed = Success
  • #55,789
  • Dec 20, 2007 11:30am Dec 20, 2007 11:30am
I agree with M2B, we will see 230's again, btw this thread has 1,000 pro's and 2,000 journals.. all in 1 lol
Trade what you see, not what you think.
  • #55,790
  • Dec 20, 2007 11:31am Dec 20, 2007 11:31am
Karmo, can you please scalp me some patience pills. lol!
  • #55,791
  • Dec 20, 2007 11:34am Dec 20, 2007 11:34am
Quoting doughboi
I may not be a pro, but considering that im 19 and almost making as much money as my dad....
Yeah, I know that feeling. My dad also works at Walmart as a greeter.
  • #55,792
  • Dec 20, 2007 11:34am Dec 20, 2007 11:34am
Quoting vinesh2
Karmo, can you please scalp me some patience pills. lol!
Just wait until that big bullish pattern on GU (daily chart) gets triggered, and it should pull GJ up again.

Plus look at the QQE's
Trade what you see, not what you think.
  • #55,793
  • Dec 20, 2007 11:37am Dec 20, 2007 11:37am
Quoting Pyramid
if the price on GBP/JPY reach to lower than 223.20 area for next hour candle, I think there will be no bounce

which candle>? i dont see any good reason to close shorts yet.... i will wait until i see psar on 2 hour or else some other good reason to change view and close position....

as for 231 end of month it is certainly possible.... but if the US opens up the money store or the brits decide to intervene then i think its more likely..... otherwise its a tough hill to climb in such a short period of time eh.....
  • #55,794
  • Dec 20, 2007 11:37am Dec 20, 2007 11:37am
Quoting karmostaji
I agree with M2B, we will see 230's again, btw this thread has 1,000 pro's and 2,000 journals.. all in 1 lol
Agreed, but the big question is when? Market looks to be dried up at this point. Probably won't see much more action until after the holidays. . .
  • #55,795
  • Dec 20, 2007 11:37am Dec 20, 2007 11:37am
Quoting vinesh2
Anyone agree with M2B's technical analysis about GJ reaching 232 end of next week? Monthly 5SMA close is at 232'ish area. I know Fundementals are not present for the 232 region but technicals are. 10C and 1C on monthly are bullish how ever STOCH, QQE and RSI are pointing downwards. Anyone care to explain also on my chart looks liks 25EMA is providing support for now. Lows for last month was 221.26
Here is the analysis from FXCM's Jamie Seattlele (spell)

research to Jamie
show details 11:57 AM (37 minutes ago) Reply

GBPJPY
GBPCHF
GBPAUD

Commentary – The GBPJPY is at a very interesting juncture. We have been looking to get bearish for some time, but not until a rally to 232.38/233.68 completes wave ii of C. That said, the GBPJPY rally from 221.27 was in 3 waves so it is very possible that wave ii is complete at 230.33. Still, subjectively speaking (COT data is the big one here), we would like to see a larger correction in wave ii test the 232.38/233.68 area before we commit to the bearish cause. A break of 221.27 would turn us bearish for the drop to 210.00.

Strategy – Get bearish near 232.38/233.68, against 241.35, target 210.00
  • #55,796
  • Dec 20, 2007 11:39am Dec 20, 2007 11:39am
Quoting quecee5
Agreed, but the big question is when? Market looks to be dried up at this point. Probably won't see much more action until after the holidays. . .
I'm not in a hurry, I'll just wait until the market says now.. GU needs to touch 1.96 area to form that pattern and UJ still needs to go higher before coming down hard, so yah there's a possibility of GJ going back up to 230 area before the big sell-off

Patience pays off
Trade what you see, not what you think.
  • #55,797
  • Dec 20, 2007 11:45am Dec 20, 2007 11:45am
Quoting karmostaji
I agree with M2B, we will see 230's again, btw this thread has 1,000 pro's and 2,000 journals.. all in 1 lol
1 stop shoppin' bro'!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,798
  • Dec 20, 2007 12:06pm Dec 20, 2007 12:06pm
Quoting arezab
After some study about Moutek system, I found it is most of times useful.
Here is what I see on 4H chart. Since the lower trend line is broken the first target can be 233.20 and the second 221.06. In spite of being strictly in oversold condition, because we don't have any shocking news (except U.S GDP on Friday) I think we will see those targets soon.

Good to mention that DJI and GU are still both holding down too.

thanks for the chart and anlysis last night.....as well as the tools.... and great call all the way around (obvioulsy it was a typo and you meant 223.20 as anyone in forex should know) keep your charts coming! well done mate! anyoneone paying attention i guess saw this one easily enough.... mouteki is pretty cool huh... worth learning for sure.... this thread is a learning thread and i know i have learned from all of you ...just want to say happy holidays and merry merry to all of you! cheers everyone!
  • #55,799
  • Dec 20, 2007 12:11pm Dec 20, 2007 12:11pm
Dow has turned negative and we seem to be finding a bottom/ bouncing slightly. Maybe equities are becomming a contra-indicator for this pair.
  • #55,800
  • Dec 20, 2007 12:22pm Dec 20, 2007 12:22pm
Quoting Kane Rai
Yeah, I know that feeling. My dad also works at Walmart as a greeter.

haha....no, i dont think i get that same feeling. He owns a real estate company. ...im manager of computer repairs for circuit city, attend college, trade forex for the extra money
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