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

  • #63,981
  • Feb 28, 2008 3:24pm Feb 28, 2008 3:24pm
There are several announcements, nothing major, that will occur in about 2 hrs form this post. Could and should influence the activity tonight.
  • #63,982
  • Feb 28, 2008 3:37pm Feb 28, 2008 3:37pm
you mean a cup and handle formation like these?
Attached Images
  • #63,983
  • Feb 28, 2008 3:44pm Feb 28, 2008 3:44pm
Weekly s1 @ 208.99, daily s2 @ 208.77. . .
Weekly s2 @ 207.24, daily s3 @ 206.92. . .
  • #63,984
  • Feb 28, 2008 4:04pm Feb 28, 2008 4:04pm
very soon we ll cross daily QQE
  • #63,985
  • Feb 28, 2008 4:07pm Feb 28, 2008 4:07pm
I close my shorts for +800 pips

we should be getting a retracement upto 211
Trade what you see, not what you think.
  • #63,986
  • Feb 28, 2008 4:13pm Feb 28, 2008 4:13pm
Quoting karmostaji
I close my shorts for +600 pips

we should be getting a retracement upto 211
Karmo, Cangratz U Great Job!!!
one day hope i ll have the same patience and nervice as u
  • #63,987
  • Feb 28, 2008 4:14pm Feb 28, 2008 4:14pm
Quoting Jerry
Karmo, Cangratz U Great Job!!!
one day hope i ll the same patience and nervice as u
thanks Jerry, btw it's +800

patience comes from practicing and discipline.
Trade what you see, not what you think.
  • #63,988
  • Feb 28, 2008 4:20pm Feb 28, 2008 4:20pm
Quoting karmostaji
I close my shorts for +800 pips

we should be getting a retracement upto 211
Hi, any reason for your thought? Missing price action to break this important level? For me looks still going down... hmm...

I would think of going down to 209 - bounce up to 209.5 again, and then follow the M15 channel down.
  • #63,989
  • Feb 28, 2008 4:23pm Feb 28, 2008 4:23pm
Quoting karmostaji
thanks Jerry, btw it's +800

patience comes from practicing and discipline.
Great job, Karmo, I thought you were long alll the way :-)
By the way, where is Hakuna Matata? Haven't seen him for a long time .. kind of miss the old friends here
  • #63,990
  • Feb 28, 2008 4:26pm Feb 28, 2008 4:26pm
Quoting ovaforty
you mean a cup and handle formation like these?

yes but sideways

Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.JPG Size: 135 KB
Blogging daily now at www.volume.zone
  • #63,991
  • Feb 28, 2008 4:26pm Feb 28, 2008 4:26pm
Quoting karmostaji
thanks Jerry, btw it's +800

patience comes from practicing and discipline.

Congrats on your winning pips , One thing I am not clear , did you short from 217 then? , If so, once it went down upto 205 , why you did'nt close the shorts at that time?
  • #63,992
  • Edited 5:18pm Feb 28, 2008 4:31pm | Edited 5:18pm
To all Here ;
As you may have noticed , there are several Suggestion here.
Karmostanji said before 213 and higher Area , Auslanco said 203.... and .... bla bla bla.....

I know , We are all mostly technical analysers , chartist but You have to pay attention to the Fundamentals as well as technicals.

GPY/JPY is one of the few sterling pairs that has yet to be triggered for an accelerated downside move .But We are uncertain at this position.
It is clear for us that the Market is Ranging .
To The House , the Position is more likely to make a clear downside pattern.

So , I would prefer to be waiting for a good Selling entry point rather than buying points As this market could suddenly easily collapse from here.
To the House View , We remain still expecting to see GJ 180 Area .

Only if 214.20 were removed would we be doubtful of an upside trend but with current market it seems impossible.


As I wrote before here Last year When there were a competition between some friends here about 231 area or 203 area , we saw market easily collapsed and It may happen again.


Be Careful and do not pay attention to unstable and temporary Bulls. Marker is bearish for long term trades.
Last Year I got around 2000 Pips when I paid attention to there and I entered around 228.20 area and I closed on 208 area easily . Enter for a good Downside entry and Current Market is not safe , it may bounce anytime so take care. I would prefer to sell again when I see 212.80 again and If it was unstable , I enter for a sell.
Attached Image (click to enlarge)
Click to Enlarge Name: marketranging-gj.gif Size: 31 KB
Imagination is more important than knowledge. -- Albert Einstein
  • #63,993
  • Feb 28, 2008 4:33pm Feb 28, 2008 4:33pm
Quoting karmostaji
I close my shorts for +800 pips

we should be getting a retracement upto 211
Nice job

I have NO patience lol

made 160 pips in 4 hours up and down on 5 min charts today. Just an average day in the office.

dj was slow today .. only moved 275 pips up and down .. easy trading between 12635 and 3 day povot at 12555

210.40 more likely retracement IF it happens.....it might just go straight down from here.
Blogging daily now at www.volume.zone
  • #63,994
  • Feb 28, 2008 4:34pm Feb 28, 2008 4:34pm
Quoting mktjong
Great job, Karmo, I thought you were long alll the way :-)
By the way, where is Hakuna Matata? Haven't seen him for a long time .. kind of miss the old friends here
Hakuna has his own site now...check out www.pipsnipers.com. doing great..he has a huge following
Janet
  • #63,995
  • Feb 28, 2008 4:40pm Feb 28, 2008 4:40pm
Quoting useebja
Hakuna has his own site now...check out www.pipsnipers.com. doing great..he has a huge following
Ok, thanks much.
Is it a free website to sign up or paid subscription?
  • #63,996
  • Feb 28, 2008 4:43pm Feb 28, 2008 4:43pm
Quoting mktjong
Ok, thanks much.
Is it a free website to sign up or paid subscription?
it was free for January and February....March is for subscribed members only. log on now and check it out for the next 24 hours. Hakuna (Kinn) paired up with Jason (Saint Jay) and are making live calls...
Janet
  • #63,997
  • Feb 28, 2008 4:44pm Feb 28, 2008 4:44pm
Quoting malcolmb14
Nice job

I have NO patience lol

made 160 pips in 4 hours up and down on 5 min charts today. Just an average day in the office.

dj was slow today .. only moved 275 pips up and down .. easy trading between 12635 and 3 day povot at 12555

210.40 more likely retracement IF it happens.....it might just go straight down from here.
hope to short in this area 210.40-65 will see how it goes
  • #63,998
  • Feb 28, 2008 4:51pm Feb 28, 2008 4:51pm
Quoting useebja
it was free for January and February....March is for subscribed members only. log on now and check it out for the next 24 hours. Hakuna (Kinn) paired up with Jason (Saint Jay) and are making live calls...
Wow .. they are making a killing
I know HK is a real scalper guy .. thanks.
  • #63,999
  • Feb 28, 2008 5:33pm Feb 28, 2008 5:33pm
Quoting jarroo
Price Action on the Daily: Double Bar High Lower Close. (Bearish)

A perfect DBHLC would have the highs at the same price. There is a 10 pip difference on this one. 213.47 and 213.37, respectably.

I say, close enough due to data feed. Also, with the confluence of resting on a trendline can prove to be powerful.

Jim
It all starts with Price Action on higher time frames, my friends. Everyone's analysis was secondary. Price Action Rules the day, again.

Ok, ok, . . I'm getting out of hand here. I didn't make as many pips as some of you guys have stated, but I did have a decent day. I'm still short on a partial postition.

I guess that's why I'm still learning from many of you guys. In all honesty, I thought that DBHLC was going to retrace alot, at least a little bit. Much like the semi-DBHLC on Jan 29-30th did. Oh well, live and learn for another day.

Good job everyone. Practise, Learn, Practise and Practise.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #64,000
  • Feb 28, 2008 5:46pm Feb 28, 2008 5:46pm
I was on the phone and I guess some positive news out of JPY and still going short!! I love today!

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
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