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

UJ is not playing out like I had expected. The bounce doesn't provide much continuation. It needs to break the yellow trendline before I think bullish on UJ. A break of the red support line would give very little to the upside to GJ. If GBP news are positive, I would long GU. GJ would probably act weird with no clear direction.
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creeping up again it should go up with news imo
Quoting samdelgado
creeping up again it should go up with news imo
That's because UJ's being bought up every time it dips below 102. I don't know who's buying but I'm curious to see if they can keep it up.
moving faster now
So, news didn't do much, so I guess today is S/R trading day..... Buy Low Sell High, that is a motto for me today.
Quoting LeoBond
So, news didn't do much, so I guess today is S/R trading day..... Buy Low Sell High, that is a motto for me today.
If you can determine the exact range that it's moving in, you can really make a lot of pips buying at the bottom and selling at the top. So far last week, the range was from about 205 to 207.60. Pretty nice range to make lots of pips. One of the reasons why I bought at 205.50 because it was very close to the lower bound of the range.
Quoting $teve
If you can determine the exact range that it's moving in, you can really make a lot of pips buying at the bottom and selling at the top. So far last week, the range was from about 205 to 207.60. Pretty nice range to make lots of pips. One of the reasons why I bought at 205.50 because it was very close to the lower bound of the range.
I agree, lots of green PIPs last week (except friday, let the emotions into trading - bad thing)
Quoting LeoBond
I agree, lots of green PIPs last week (except friday, let the emotions into trading - bad thing)
I'm learning how to control my emotions. I need to be cold and emotionless when I'm in a trade. I think that takes practice. But I believe once I can control my emotion, I will be tearing it up. The technical analysis is easy part, I think.
2 macd divers GJ5m
http://www.tradingrooms.com/chartpos...1020089442.png
Quoting $teve
If you can determine the exact range that it's moving in, you can really make a lot of pips buying at the bottom and selling at the top. So far last week, the range was from about 205 to 207.60. Pretty nice range to make lots of pips. One of the reasons why I bought at 205.50 because it was very close to the lower bound of the range.
last week,in first half price fluctuated between 203.40 to 205.50 and in second half price fluctuated between 205 to 207.90.

it was a good week
Quoting $teve
I'm learning how to control my emotions. I need to be cold and emotionless when I'm in a trade. I think that takes practice. But I believe once I can control my emotion, I will be tearing it up. The technical analysis is easy part, I think.
Karm is the emotion Master, if you need help ask him.!!!
Quoting naatha
2 macd divers GJ5m
http://www.tradingrooms.com/chartpos...1020089442.png
Is there a trading room for the geppy open somewhere???
Quoting shahroodi
last week,in first half price fluctuated between 203.40 to 205.50 and in second half price fluctuated between 205 to 207.90.

it was a good week
We've been pretty much fluctuating in a 300-400 pips range for the last 8 weeks or so except for maybe a couple of weeks of larger ranges. But with GJ, a range can be like a long term trend for other pairs.
Quoting VagyokC4
Is there a trading room for the geppy open somewhere???
I was in this room pipsniper a few weeks ago. There was this Jason guy. He was really good. It's almost like he knows how GJ will make its every move.
Originally Posted by VagyokC4
Is there a trading room for the geppy open somewhere???
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Trading Rooms/ Community Trading Rooms/ Simple metod of Scalping...
Trading Rooms/ Premium Trading Rooms/ Auslanco
I'm taking my 45 pips here and going to bed. GJ is confused like I expected. Maybe it will find a direction once NY comes around. I need to be rested. Later everyone.
Sorry for this newbie question, but who or what is GJ?
Based on Aus Theory :
4H is Bearish and the Candle has formed below the TFT but there is no good Bearish point on SI...

We have to wait to see 1H Candle to reach near the TFT (206.40). I think in 1Hour.
We have to wait still no good sign of a good direction and market is ranging.

Dollar is really dead. The dollar Index just Crossed the 72.8 Area and went down to 72.3 area then it pulled back.... It seems US is in recession already ... and We should not wait for a surge....
Imagination is more important than knowledge. -- Albert Einstein
Quoting derrekmay
Sorry for this newbie question, but who or what is GJ?

gbp/jpy
Quoting derrekmay
Sorry for this newbie question, but who or what is GJ?
GBP/JPY OR GREAT BRITAIN POUND/JAPAN YEN
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