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

  • #58,721
  • Jan 11, 2008 7:18am Jan 11, 2008 7:18am
Quoting moneymagnet
i dont think we will but i try not to trade what i think. lol. that break and perfect retest of the TL has me screaming SHORT. even if we go back to 215-216
I am talking above 217.70
  • #58,722
  • Jan 11, 2008 7:20am Jan 11, 2008 7:20am
Quoting quecee5
C'mon, don't give up on the "geppy" just yet, she still has a bit more gas to the upside =
Yeah bro - i am being a little preemptive i guess... just get the feeling shes ready for a move lower soonish. Im only looking to take 20 - 30 points out of her. Short at 35.
"If it bleeds ... we can kill it"
  • #58,723
  • Jan 11, 2008 7:28am Jan 11, 2008 7:28am
Quoting PipChick
I am talking above 217.70


Strange thing is I can see that but it would have to make a close above the daily pivot before It would restore my confidence that it would happen. A close above daily pivot, I'm long until at least 218.30's and maybe above otherwise I'm selling on any close below it. . .

For now I see 214/214.40/214.60's tops then back to test the lows. . .
  • #58,724
  • Jan 11, 2008 7:30am Jan 11, 2008 7:30am
Quoting quecee5


Strange thing is I can see that but it would have to make a close above the daily pivot before It would restore my confidence that it would happen. A close above daily pivot, I'm long until at least 218.30's and maybe above otherwise I'm selling on any close below it. . .

For now I see 214/214.40/214.60's tops then back to test the lows. . .
Agree
  • #58,725
  • Jan 11, 2008 7:31am Jan 11, 2008 7:31am
Quoting MMDealer
Yeah bro - i am being a little preemptive i guess... just get the feeling shes ready for a move lower soonish. Im only looking to take 20 - 30 points out of her. Short at 35.
I think we've seen the lows for the week, it hit as lows as 211.98 earlier so it might retest some lows but I don't think we'll get down that far but anything is possible. But I hear ya, 20-30 pips is good esp. in these market conditions. . .
  • #58,726
  • Jan 11, 2008 7:38am Jan 11, 2008 7:38am
Quoting MMDealer
Yeah bro - i am being a little preemptive i guess... just get the feeling shes ready for a move lower soonish. Im only looking to take 20 - 30 points out of her. Short at 35.
Looking at the charts you'll probably get the 30 pips plus, I can see it @ 212.65/70's sometime today. . .
  • #58,727
  • Jan 11, 2008 7:39am Jan 11, 2008 7:39am
Whats up guys. Been a good week for me so far. I am back to making some doe and make up for some of my losses. I see you guys talking about Pivots was curious how do you guys set it up. I have downloaded the indicator from Aus's site but just dont know how to use it. Thanks hope you guys are having a good pipping day
  • #58,728
  • Jan 11, 2008 7:49am Jan 11, 2008 7:49am
50% retrace of the 300 pip move down and that mark is holding. looking for a lower TL break if it doesn't break up above the 50fib. looking to load shorts between 214-215areas if we go there. market seems to be doing what it normally does after a big move down and that is retrace 50%, then channell sideways. a scalpers delight if you were selling the 50 fib touch everytime.
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,729
  • Jan 11, 2008 7:50am Jan 11, 2008 7:50am
Quoting quecee5
Looking at the charts you'll probably get the 30 pips plus, I can see it @ 212.65/70's sometime today. . .
where were u at when this thing dropped,.....but i think you were already in from the top with me, what a cash in!!!

wll anyway, the retracement looks about finished...Ripe for a dropping....daily 5 sma low showing nice resistence...also the respcet of the 50 fib from the downmove has way too much respect,
I added another stack of shorts to my position......BYE

headed back down for lows
  • #58,730
  • Jan 11, 2008 7:53am Jan 11, 2008 7:53am
Quoting vinesh2
Whats up guys. Been a good week for me so far. I am back to making some doe and make up for some of my losses. I see you guys talking about Pivots was curious how do you guys set it up. I have downloaded the indicator from Aus's site but just dont know how to use it. Thanks hope you guys are having a good pipping day
Vinesh,

I don't use an pivot indicator the trading desk I use post 1h, 4hr, daily, weekly, monthly pivots. . . I also use www.actionforex.com for pivots. This website updates every 30 min. I believe. . .

Pivots are east to use IMO and are very reliable. . . Google the subject to get more info. how you can use them in your strategy. I use them in addition to charts and find them very useful. . .
  • #58,731
  • Jan 11, 2008 7:56am Jan 11, 2008 7:56am
Good morning. Here’s what I see today on the hourly chart. A rising daily channel (A) is about to collide with a down trending weekly channel (B). When they meet, the rising channel will succumb to the force of Smokey, and he’ll keep price mostly below 214.50. Then next week we’ll test the 161.8% fib in the 211 area.

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  • #58,732
  • Jan 11, 2008 7:57am Jan 11, 2008 7:57am
Quoting doughboi
where were u at when this thing dropped,.....but i think you were already in from the top with me, what a cash in!!!

wll anyway, the retracement looks about finished...Ripe for a dropping....daily 5 sma low showing nice resistence...also the respcet of the 50 fib from the downmove has way too much respect,
I added another stack of shorts to my position......BYE

headed back down for lows
overall tp 211.50
  • #58,733
  • Edited 8:14am Jan 11, 2008 8:01am | Edited 8:14am
Quoting doughboi
where were u at when this thing dropped,.....but i think you were already in from the top with me, what a cash in!!!

wll anyway, the retracement looks about finished...Ripe for a dropping....daily 5 sma low showing nice resistence...also the respcet of the 50 fib from the downmove has way too much respect,
I added another stack of shorts to my position......BYE

headed back down for lows
Yep, I was short @ 215.05 and just watched the 15min chart as it set-up for the big fall. I posted a simple 1hr charts stating that all fibs had been hit and I couldn't see it going up any higher and would short on any rally. Many saw something vastly different. . .

If you go back a few post I stated yesterday to dagoods that I was short and was looking for it to drop to 213.30's (and yes that's what I saw). . .

I even stated that UJ was on its way to 108.50 based on the 80% chance of a 50bps rate cut and becasue it fell back below 109.50 which it printed a low of 108.63, now looking at the charts I see what I see as I stated in my earlier post, until I see something different, I'm sticking to the charts. . .

Good luck in your trading today. . .
  • #58,734
  • Jan 11, 2008 8:06am Jan 11, 2008 8:06am
Quoting moneymagnet
50% retrace of the 300 pip move down and that mark is holding. looking for a lower TL break if it doesn't break up above the 50fib. looking to load shorts between 214-215 areas if we go there. market seems to be doing what it normally does after a big move down and that is retrace 50%, then channell sideways. a scalpers delight if you were selling the 50 fib touch everytime.
Looks workable. Good luck!
  • #58,735
  • Jan 11, 2008 8:06am Jan 11, 2008 8:06am
Quoting Pips_Cruiser
Good morning. Here’s what I see today on the hourly chart. A rising daily channel (A) is about to collide with a down trending weekly channel (B). When they meet, the rising channel will succumb to the force of Smokey, and he’ll keep price mostly below 214.50. Then next week we’ll test the 161.8% fib in the 211 area.

Yep agreed, didn't chart it that way but we seem to come to the same result most often then not. . .
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  • #58,736
  • Jan 11, 2008 8:11am Jan 11, 2008 8:11am
Quoting quecee5
Yep, I was short @ 215.05 and just watched the 15min chart as it set-up for the big fall. I posted a simple 1hr charts stating that all fibs had been hit and I couldn't see it going up any higher and would short on any rally. Many saw something vastly different. . .

If you go back a few post I stated yesterday to dagoods that I was short and was looking for it to drop to 213.30's (and yes that's what I saw). . .

I even stated that UJ was on its way to 108.50 based on the 80% chance of a 50bps rate cut which it printed a low of 108.63, now looking at the charts I see what I see as I stated in my earlier post, until I see something different, I'm sticking to the charts. . .

Good luck in your trading today. . .

you should of saw the reaction when price dropped a 100 pips to your forecast.....Baffled... ....But when price dropped that second 100...DEAD SILENCE.
  • #58,737
  • Jan 11, 2008 8:13am Jan 11, 2008 8:13am
Quoting Pips_Cruiser
Looks workable. Good luck!
Is this the new 1K room? Congrats to all the new 1K's
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,738
  • Jan 11, 2008 8:14am Jan 11, 2008 8:14am
keep going up baby so i can short ya!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,739
  • Jan 11, 2008 8:15am Jan 11, 2008 8:15am
that's right . will probably close my longs around 213.90 and then looking to open short positions as soon as that rising trendline is broken.

Quoting moneymagnet
50% retrace of the 300 pip move down and that mark is holding. looking for a lower TL break if it doesn't break up above the 50fib. looking to load shorts between 214-215areas if we go there. market seems to be doing what it normally does after a big move down and that is retrace 50%, then channell sideways. a scalpers delight if you were selling the 50 fib touch everytime.
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Nihil Sine Deo.
  • #58,740
  • Jan 11, 2008 8:18am Jan 11, 2008 8:18am
Quoting moneymagnet
keep going up baby so i can short ya!
214.25 is the 4hr 5sma high and 214.80ish is where the gann is currently.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
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