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

  • #68,161
  • Mar 13, 2008 11:12pm Mar 13, 2008 11:12pm
It seems UJ is going to 100.50 Area Again and I think better to enter Shorts around 204.30 or 40 Area if it reach.. Also , Possible to reach 1H Gann 204.52
Imagination is more important than knowledge. -- Albert Einstein
  • #68,162
  • Mar 13, 2008 11:34pm Mar 13, 2008 11:34pm
does 204.46 look inviting to anyone ?
  • #68,163
  • Mar 13, 2008 11:54pm Mar 13, 2008 11:54pm
Quoting forexlion
does 204.46 look inviting to anyone ?
darn, i never held on to my pants so tightly, 204.02 is tough barrier.
  • #68,164
  • Mar 13, 2008 11:56pm Mar 13, 2008 11:56pm
I would not call this real Resistance,, The Bulls & Bears tent to be fighting over this price to often over the last few days. It's more for scalper. I will keep my eye on it.
  • #68,165
  • Edited 12:12am Mar 14, 2008 12:00am | Edited 12:12am
GM guys. How yall doing? I personally would like to see a bounce of the DP @ 204.30 and 50sma 3pips above it, we have lower high and lower low formed, and theres 204.35 fib level of the last 200pip range swing, so lets see what happens next. But 204.11/14 is tough line i think as well.
  • #68,166
  • Mar 14, 2008 12:12am Mar 14, 2008 12:12am
http://i102.photobucket.com/albums/m...argingBull.jpg
  • #68,167
  • Mar 14, 2008 12:14am Mar 14, 2008 12:14am
Quoting kotaro-san
http://i102.photobucket.com/albums/m...argingBull.jpg
Cheez I wish this kind of range stays forever. Easy PIPing!!!
  • #68,168
  • Mar 14, 2008 12:23am Mar 14, 2008 12:23am
intense fighting between bulls and bears..
  • #68,169
  • Mar 14, 2008 12:23am Mar 14, 2008 12:23am
Pin bar on the h1 , and on h4 it would qualify as a pin bar becos it closed above the resistance ..of 203.93 ...lets see how it plays out ..daily pivot at 204.55 and resistance at 205.15 , 206.15 ...
Edit : Resistance at 205.18 and 206.05 , 207.50
price action ROCKS!!!!! ...
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  • #68,170
  • Mar 14, 2008 12:36am Mar 14, 2008 12:36am
what is your guys overall feeling abouth the gbp/jpy is it going up or down and why.(I sound like a freakin student sorry bout that. )
  • #68,171
  • Mar 14, 2008 12:38am Mar 14, 2008 12:38am
Quote
what is your guys overall feeling abouth the gbp/jpy is it going up or down and why.(I sound like a freakin student sorry bout that. )

we dont give trade calls. go read past pages

*i short with tight s/l
  • #68,172
  • Mar 14, 2008 12:43am Mar 14, 2008 12:43am
risky time now to add short or long
  • #68,173
  • Mar 14, 2008 12:43am Mar 14, 2008 12:43am
On the one hand we have probably bad USA data coming out and expectations will drive the price down, although there might be a slight retracement with London's opening. My tip is to wait for that retracement and if it reaches 204.50 enter a short position.
  • #68,174
  • Mar 14, 2008 12:44am Mar 14, 2008 12:44am
GJ is looking for a direction. Its short bias but anything can happen!
Treading is my hobby; Assisting traders make me happy!
  • #68,175
  • Mar 14, 2008 12:49am Mar 14, 2008 12:49am
Quoting Pirin
On the one hand we have probably bad USA data coming out and expectations will drive the price down, although there might be a slight retracement with London's opening. My tip is to wait for that retracement and if it reaches 204.50 enter a short position.
bad USD forecast at NY session .. traders cant hardly wait to short now i guess
  • #68,176
  • Mar 14, 2008 12:52am Mar 14, 2008 12:52am
Ok, 204.14 rejected, and i went in for a quick short from 204.11, thats right on the bounce from 50% fib of this bigger swing down from 205.12 high to 203.10 low. Lets see what will happen @ LO.

Cheers!
  • #68,177
  • Mar 14, 2008 12:55am Mar 14, 2008 12:55am
Auslanco's target on the pair is 200.54.
  • #68,178
  • Mar 14, 2008 1:06am Mar 14, 2008 1:06am
That was hit n run trade for me, took 30pips and closed position.
  • #68,179
  • Mar 14, 2008 1:10am Mar 14, 2008 1:10am
Quoting belekas
That was hit n run trade for me, took 30pips and closed position.
That's very nice, but what do you intend to do next and why is much more important
  • #68,180
  • Mar 14, 2008 1:15am Mar 14, 2008 1:15am
I would expect good retracement in GU today in preparation for next weeks Interest rate cut. Traders will be expected to buy the dips.
Treading is my hobby; Assisting traders make me happy!
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