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

  • #58,141
  • Jan 9, 2008 5:25pm Jan 9, 2008 5:25pm
This chart is for vinesh2.
Aud/usd daily is showing the head and shoulder formation.
Right shoulder is forming. We need to see 90.91 then this pair will drop hard.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddailyheadandshoulder.gif Size: 25 KB
  • #58,142
  • Jan 9, 2008 5:25pm Jan 9, 2008 5:25pm
Agree w/ you here dags, g/u has dropped a good amount, putting it in a place for a possible retrace. And u/j did break its resis. @ 109.74 and is above it. Looks like it could go back to a tug-of-war game between g/u & u/j.
  • #58,143
  • Jan 9, 2008 5:27pm Jan 9, 2008 5:27pm
Quoting dagoods
this is the 4 hour..... this seems like good lil scalp as u were saying but look how narow the 4 hour triangle has gotten.... sometimes price just decides now is the time to break that traingle and go somewhere i rather scalp when the trinagle is wide.... know what i mean..... IMHO so for me better to wait although i agree might be a short term scalp there with high probablittlity but for how many pips? is it worth it? i will wait

on the other hand...if pa confirms lol well see
Daggods,

Yeah bro you might be right on the money there... Ill look to trail stop to BE very quickly on this one. Already got 3% this morning, dont wanna give any back!
"If it bleeds ... we can kill it"
  • #58,144
  • Jan 9, 2008 5:29pm Jan 9, 2008 5:29pm
Quoting MMDealer
Daggods,

Yeah bro you might be right on the money there... Ill look to trail stop to BE very quickly on this one. Already got 3% this morning, dont wanna give any back!
Have you gotten that good? lol
Does that mean you have the holy grail?
  • #58,145
  • Jan 9, 2008 5:31pm Jan 9, 2008 5:31pm
Quoting dagoods
this is the 4 hour..... this seems like good lil scalp as u were saying but look how narow the 4 hour triangle has gotten.... sometimes price just decides now is the time to break that traingle and go somewhere i rather scalp when the trinagle is wide.... know what i mean..... IMHO so for me better to wait although i agree might be a short term scalp there with high probablittlity but for how many pips? is it worth it? i will wait

on the other hand...if pa confirms lol well see

I JUST NOTICE DAILY LOOKS BULLISH! = NO TRADE ZONE YET....
yeah i just didnt feel comfortable with the short side, i had certain tl's drawn and we were in the middle. maybe some action after the aud announcement. i may enter a buy right before announcement like i did l last night
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,146
  • Jan 9, 2008 5:32pm Jan 9, 2008 5:32pm
Quoting fxstman
Have you gotten that good? lol
Does that mean you have the holy grail?
Time to melt down all our jewellery and build a false daggod. All worship!
"If it bleeds ... we can kill it"
  • #58,147
  • Jan 9, 2008 5:32pm Jan 9, 2008 5:32pm
Then again.....
Hourly aud/usd chart is showing an inverse head and shoulder. Bullish to 90 maybe.
Attached Image (click to enlarge)
Click to Enlarge Name: inverseheadandshoulderaudusd.gif Size: 25 KB
  • #58,148
  • Jan 9, 2008 5:34pm Jan 9, 2008 5:34pm
Quoting MMDealer
Time to melt down all our jewellery and build a false daggod. All worship!
Yeah, and after, cash it in
  • #58,149
  • Jan 9, 2008 5:36pm Jan 9, 2008 5:36pm
just pulled a fib of of daily... looking for a skunny! lol trying to learn fibs... looking for a break of 0 or 100 to see gj go next??? any help appreciated....
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
  • #58,150
  • Jan 9, 2008 5:52pm Jan 9, 2008 5:52pm
Looks like its gonna come off that trendline illustrated on the 30 min chart above a couple of times. Who else is short here? Targets?
"If it bleeds ... we can kill it"
  • #58,151
  • Jan 9, 2008 5:54pm Jan 9, 2008 5:54pm
I am short from 215.33 and 215.14. looking for target of 214.15 area but GJ could face some resistance in the form of 5SMA close and 25 sma on 1 hr
  • #58,152
  • Jan 9, 2008 5:54pm Jan 9, 2008 5:54pm
Quoting MMDealer
Looks like its gonna come off that trendline illustrated on the 30 min chart above a couple of times. Who else is short here? Targets?
short from 215.40

scalpin it up and down all day.
Gotta make up for the BEATIN' I've taken the last few days.

Learned my lesson and just trading my system now and not going for Big Bucks......
What kills ? G R E E D !!!!!!!!!!

target is 214.5 / 213.8
  • #58,153
  • Jan 9, 2008 5:58pm Jan 9, 2008 5:58pm
No man i dont work in Aus I work in US for Macquarie I am not forex trader at Macquarie I am an technology consutant. I am thinking of closing my shorts cause Nikeei is up and could be some yen selling also AUD coming out with some good news later and yes i meant support
  • #58,154
  • Jan 9, 2008 6:01pm Jan 9, 2008 6:01pm
Quoting fxstman
Have you gotten that good? lol
Does that mean you have the holy grail?

not even close... no such thing.... and its not me its what i've learned by reading on ff and tom demark and MOSTLY BY HANGING OUT IN HERE A LOT!
  • #58,155
  • Jan 9, 2008 6:04pm Jan 9, 2008 6:04pm
Quoting MMDealer
Looks like its gonna come off that trendline illustrated on the 30 min chart above a couple of times. Who else is short here? Targets?

HOPE YOU TRAILING THAT ONE daily is bullish IMO so it could go at anytime..... u never know....

but i think u get some more pips 214.30????
  • #58,156
  • Jan 9, 2008 6:08pm Jan 9, 2008 6:08pm
We have 6 inside candles on the daily. Its going to be a great day when it breaks eithre way.
  • #58,157
  • Jan 9, 2008 6:11pm Jan 9, 2008 6:11pm
Quoting dagoods
HOPE YOU TRAILING THAT ONE daily is bullish IMO so it could go at anytime..... u never know....

but i think u get some more pips
Yeah bro stop is in the money already

Prob close out shortly...
"If it bleeds ... we can kill it"
  • #58,158
  • Jan 9, 2008 6:13pm Jan 9, 2008 6:13pm
I closed out my shorts already. Waiting for 7:30 if nothing signficant happens I will be in no trade for now.
  • #58,159
  • Jan 9, 2008 6:13pm Jan 9, 2008 6:13pm
I have a fib drawn right now from the Dec. 26th high of about 228.30, which is the last major peak on the daily chart I use from oanda, down to the recent low of about 213.50. the 38.2 retrace is around 219.00. there is a major downward trendline drawn off the daily that is way above current price and the 12, 25, 50 and 150 ema's are way above current price as well. I do believe this pair is headed down in the long run, but short-term, I think it will hit that 38.2 retrace level first and may even go on to test that trendline at the level of the Nov. 22 low at about 221. after that it's bombs away to the south
  • #58,160
  • Jan 9, 2008 6:14pm Jan 9, 2008 6:14pm
Quoting dagoods
not even close... no such thing.... and its not me its what i've learned by reading on ff and tom demark and MOSTLY BY HANGING OUT IN HERE A LOT!
HEY dags,

Hows the trading, just got back in here. I went short @ 215.45, target 214.75. But like you said, will be watching it close. Just for poopoo and giggles, look @ e/j 1H. Thats a range traders dream. Will be looking for building in shorts soon, on next spike if possible. Next week is bad news out for the USD. And when the time the first Quarter reports come out, looking for it to be pushed to the basement floor.

GLT
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