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

  • #66,821
  • Mar 7, 2008 12:32pm Mar 7, 2008 12:32pm
Quoting moneymagnet
malcolm are you long at 206.50. i was thinking the 15 min 50 ema would be a good spot possibly to long since there was a former TL there
Sorry did not get back to you sooner.

I was done for the day.
Not a bad trading idea to use the 15 min 50 sma as support.

I think you scored a few pips there.
Blogging daily now at www.volume.zone
  • #66,822
  • Mar 7, 2008 12:36pm Mar 7, 2008 12:36pm
Quoting hussin naiji
dear shahroodi

im counting chickens . have 4 all a good week bi bi
you too hussin and every one a lovely weekend
Imanuel Parsifal
  • #66,823
  • Mar 7, 2008 12:37pm Mar 7, 2008 12:37pm
It has been quite good trading Eur/Usd for the last couple of days. The move is quite predictable
Hope you guys made pips on Gbp/Jpy, I didn't trade it just joining the crowd here :
  • #66,824
  • Mar 7, 2008 12:40pm Mar 7, 2008 12:40pm
Quoting hussin naiji
dear shahroodi

im counting chickens . have 4 all a good week bi bi
have a nice weekend bro
  • #66,825
  • Mar 7, 2008 12:40pm Mar 7, 2008 12:40pm
Quoting currinexfx
How did you get sell trigger on 207.90? that is the top! can you explain please?
What I do is trade gbpjpy and YM side by side. YM are the dj-30 emini futures . They make GBPJPY look like a tame pussy cat.

So with the two charts side by side I can see what is going on . That is what got me into the short 1st thing in my posting ' something is not right' post 66632.

GBPJPY typically follows the market. Could be s&P or DJ .. does not matter they move the same.

I knew that 12100 would be rejection spot on DJ-30 (as i trade the YM and am very familiar with it). As soon as it touched this I sold gbpjpy , with a stop just above 208. Also when something moves so fast it has to retrace at some point 208 zone seemd like a good spot at there is some reistance on the charts there and 50% fib of the run this morning seemed like a good target to take profit on the short (206.4)

this trade was a bit more advanced and only really came from experience and understanding the relationship between GBPJPy movement and dj / s&p 500 movement.

If you guys and girls like I will cover some of this on gbpjpy scalpers forum as I seem to be hogging this forum here.
Blogging daily now at www.volume.zone
  • #66,826
  • Mar 7, 2008 12:44pm Mar 7, 2008 12:44pm
thanks to all those traders out there that vouched for me

I am now 1kt member.

Half the time I make my trades up and really do not have a clue what is going on
Blogging daily now at www.volume.zone
  • #66,827
  • Mar 7, 2008 12:50pm Mar 7, 2008 12:50pm
Quoting malcolmb14
thanks to all those traders out there that vouched for me

I am now 1kt member.

Half the time I make my trades up and really do not have a clue what is going on
keep up your good work budd
  • #66,828
  • Mar 7, 2008 12:52pm Mar 7, 2008 12:52pm
Quoting malcolmb14
thanks to all those traders out there that vouched for me

I am now 1kt member.

Half the time I make my trades up and really do not have a clue what is going on
malcolmb, are you still holding short?
  • #66,829
  • Mar 7, 2008 12:53pm Mar 7, 2008 12:53pm
Quoting malcolmb14
What I do is trade gbpjpy and YM side by side. YM are the dj-30 emini futures . They make GBPJPY look like a tame pussy cat.

So with the two charts side by side I can see what is going on . That is what got me into the short 1st thing in my posting ' something is not right' post 66632.

GBPJPY typically follows the market. Could be s&P or DJ .. does not matter they move the same.

I knew that 12100 would be rejection spot on DJ-30 (as i trade the YM and am very familiar with it). As soon as it touched this I sold gbpjpy , with a stop just above 208. Also when something moves so fast it has to retrace at some point 208 zone seemd like a good spot at there is some reistance on the charts there and 50% fib of the run this morning seemed like a good target to take profit on the short (206.4)

this trade was a bit more advanced and only really came from experience and understanding the relationship between GBPJPy movement and dj / s&p 500 movement.

If you guys and girls like I will cover some of this on gbpjpy scalpers forum as I seem to be hogging this forum here.

You can tell I came from stock trading ..... I said ' short' I meant sell .....lol
Blogging daily now at www.volume.zone
  • #66,830
  • Mar 7, 2008 12:55pm Mar 7, 2008 12:55pm
breaking down

206 t01
Blogging daily now at www.volume.zone
  • #66,831
  • Mar 7, 2008 12:55pm Mar 7, 2008 12:55pm
Who come the information from the dj-30 emini Futures?
Thanks,and nice weekend.
  • #66,832
  • Mar 7, 2008 12:56pm Mar 7, 2008 12:56pm
Quoting malcolmb14
breaking down

206 t01

We seem to breaking the 206.4 support level.

This might be a quick scalp to next fib level
Wait for confirmation of 2 red candles
Blogging daily now at www.volume.zone
  • #66,833
  • Mar 7, 2008 12:59pm Mar 7, 2008 12:59pm
Wow, gbp flew last night! That's nice lol

On another note, is anybody seeing what's forming on the daily usd/jpy? I know I am, and am just waiting for the close.
I dream, therefore I become.
  • #66,834
  • Mar 7, 2008 12:59pm Mar 7, 2008 12:59pm
There seems to be disconnect indexes and GBPJPY.

I just opened YM chart

Ym has move .. wait for it .... 1000 pips today.
Blogging daily now at www.volume.zone
  • #66,835
  • Mar 7, 2008 1:00pm Mar 7, 2008 1:00pm
Quoting razergold
malcolmb, are you still holding short?
Flat at 206.4
Blogging daily now at www.volume.zone
  • #66,836
  • Mar 7, 2008 1:04pm Mar 7, 2008 1:04pm
DJ is tanking ...... we are going to test 52 week lows Monday

What effect will that have on GBPJPY. I think it has alot of catch up to do to the downside.

Sunday might give some good action.

i would not hold a short over the weekend though. Not with rumour of fed rate cut .. they might just do it early to prop the market up.
Blogging daily now at www.volume.zone
  • #66,837
  • Edited 1:29pm Mar 7, 2008 1:08pm | Edited 1:29pm
hi everyone, gosh it's been so long since i've been around. i haven't been trading lately (lots of drama u don't need to know (or care) about). I've been checking the thread once every blue moon, i mustn't be posting before i go back and read through most of the stuff posted by all the good people here.
But anyway, i have some info i would like to share (it's probably been posted before) however, but like i said, i have to go back and read the posts since i've been gone, gosh that must be like 2000 pages or so....

here's the Weakly Chart

Attached Image (click to enlarge)
Click to Enlarge Name: weakly.gif Size: 32 KB


As you can see, a new channel has been created on the Weakly chart, 200SMA (Blue) was also breached reversing the trend downwards (bearish). my guessing, our new support of ~199.89 (or close) for guppy would not be breached easily (161.8% Fibo), also our resistance point would be the extension of 200SMA (top Aqua line), i do believe we're going to have a channel in that direction forming a zig-zag that will go on till the top of the Orange Channel is reached in September probably at a price of ~212.??. I say this because that's where the top of the channel and 200SMA converge. we are up for a really steep downwards movement after that. The bearish trend will continue (IMO) untill the august or september of this year, and i also think the target price should be around 175!! yup, i truly believe so. this is why::

Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 36 KB


This monthly chart shows the bottom trend line and a and an upper one. the price should reach the bottom by the end of summer of this year (knowing guppy).

I will post more short-term analysis in a few...
  • #66,838
  • Mar 7, 2008 1:08pm Mar 7, 2008 1:08pm
Malcom, nice job today. What do u think will happen with GJ now or for the close? You think it will jump back to 207???? its testing 206.40 again...
  • #66,839
  • Mar 7, 2008 1:23pm Mar 7, 2008 1:23pm
Look at the weekly bar as well. This is all spelling bullishness for next week unless we take a plunge towards the end of the session.
I dream, therefore I become.
  • #66,840
  • Mar 7, 2008 1:29pm Mar 7, 2008 1:29pm
wat do u think mike>? u think it will hold at 206.40? im stuck in a long at 206.80 and im trying to get out of it! atleast break even! im really hoping we can rally for the close...u think the dow will help the cause?
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