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

  • #61,021
  • Feb 5, 2008 5:40pm Feb 5, 2008 5:40pm
Quoting ovaforty
I am looking for test of friday's low and waiting for new daily candle. I was long until the ISM leaked then I shorted and got stopped out on my longs. Made up my losses luckily by acting quickly.


Do u see a retrace before going lower? I'm thinking 210.40 area, yr thoughts?
  • #61,022
  • Feb 5, 2008 5:45pm Feb 5, 2008 5:45pm
you can see that the price is below the 4 hour 5 sma low which is bearish. It touched around friday's low and retraced a bit.
I sell rallies as long as price is below 214.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hour geppy2.gif Size: 28 KB
  • #61,023
  • Feb 5, 2008 5:48pm Feb 5, 2008 5:48pm
Quoting quecee5


Do u see a retrace before going lower? I'm thinking 210.40 area, yr thoughts?
I will know more when I see my new daily and 4 hour candle in 10 minutes. Daily price breached the daily 5 sma low and retraced a bit.
  • #61,024
  • Feb 5, 2008 5:49pm Feb 5, 2008 5:49pm
Quoting ovaforty
you can see that the price is below the 4 hour 5 sma low which is bearish. It touched around friday's low and retraced a bit.
I sell rallies as long as price is below 214.
  • #61,025
  • Feb 5, 2008 5:52pm Feb 5, 2008 5:52pm
Quoting ovaforty
I will know more when I see my new daily and 4 hour candle in 10 minutes. Daily price breached the daily 5 sma low and retraced a bit.
I still have shorts at 213.60 and have been building shorts on every rally, now at 212.10, 211.78 and looking to short at 210.40/70 area.
  • #61,026
  • Feb 5, 2008 5:52pm Feb 5, 2008 5:52pm
I was lucky today. I heard the rumor about ISM before it was released early, so i covered my longs with short hedges and let them run.
  • #61,027
  • Edited 6:10pm Feb 5, 2008 5:57pm | Edited 6:10pm
I was targeting the white trendline you see on this daily chart for my longs. I smelled a rat when it reversed strongly and investigated why. I finished +1.5% profit after subtracting my losses.

You can see the red line is the low from Friday. Breach and retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: daily geppy4.gif Size: 21 KB
  • #61,028
  • Feb 5, 2008 6:05pm Feb 5, 2008 6:05pm
New daily candle shows 14 c mom is above 100 and pointing up.
Attached Image (click to enlarge)
Click to Enlarge Name: daily geppy5.gif Size: 20 KB
  • #61,029
  • Feb 5, 2008 6:09pm Feb 5, 2008 6:09pm
USD/JPY broke some strong support earlier.
  • #61,030
  • Feb 5, 2008 6:15pm Feb 5, 2008 6:15pm
Quoting ovaforty
USD/JPY broke some strong support earlier.

There is buying interest in UJ in the 106.50 area. If it surge below this then negate this statement. If it holds, then we could see GJ go up accordingly.

Also, GU has been hovering at its lows all day which have held so far, so it could get interesting.

I have a small long at 208.90 area, looking for 50-75 pips on this one before I close it. . .
  • #61,031
  • Feb 5, 2008 6:19pm Feb 5, 2008 6:19pm
209.45 was strong support coming down....
seems to be acting as strong resistance now.
  • #61,032
  • Feb 5, 2008 6:20pm Feb 5, 2008 6:20pm
i need to see an hourly candle close above the 4 hour 5 sma low at 209.55 area to consider buying, although i have a small buy at 209.40.
  • #61,033
  • Feb 5, 2008 6:28pm Feb 5, 2008 6:28pm
i am targeting 210
  • #61,034
  • Feb 5, 2008 6:29pm Feb 5, 2008 6:29pm
Quoting kujo17
209.45 was strong support coming down....
seems to be acting as strong resistance now.
I think we will see it challenge at least daily pivot at 210.40 area. . .
  • #61,035
  • Feb 5, 2008 6:32pm Feb 5, 2008 6:32pm
Geppy is going down, with the dow week. At least that's what I think.
  • #61,036
  • Feb 5, 2008 6:34pm Feb 5, 2008 6:34pm
Quoting peterM
Geppy is going down, with the dow week. At least that's what I think.
I think we can all agree on that. . .
  • #61,037
  • Feb 5, 2008 6:44pm Feb 5, 2008 6:44pm
Quoting quecee5
I think we will see it challenge at least daily pivot at 210.40 area. . .
I would agree at this point.
209.85 at least, if not a spike up to 210.07 area.

Sellin the rallies.....
  • #61,038
  • Feb 5, 2008 6:46pm Feb 5, 2008 6:46pm
30 min chart for u. . .
1st target 209.90 area, a break above I see 210.30/40 area. . .
ZL Stoch crossing up, qqe5 to follow. . .

Will monitor 1hr chart next to see if a short-term long is in play for 210.30/40 area. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 30 min chart updated.gif Size: 24 KB
  • #61,039
  • Feb 5, 2008 6:47pm Feb 5, 2008 6:47pm
Imo dow is going to rally tomo a lot of non financials are reporting tomo and dow alwys does this down one day and hughley up next day but guess what WE SELL THE RSLLIES
  • #61,040
  • Feb 5, 2008 6:48pm Feb 5, 2008 6:48pm
Quoting vinesh2
Imo dow is going to rally tomo a lot of non financials are reporting tomo and dow alwys does this down one day and hughley up next day but guess what WE SELL THE RSLLIES
and we will let the data and chart analysis direct our trade positions. . .
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