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

  • #68,201
  • Mar 14, 2008 6:52am Mar 14, 2008 6:52am
truly we are at the crossroads right now? no clear direction ..
make money up or down...whatever ! :
  • #68,202
  • Mar 14, 2008 6:56am Mar 14, 2008 6:56am
GU is pulling GJ down, while UJ is up bias. When GU is done with this minor retracement, we shall see the bull back on GJ and it shall join UJ . BUY the dips while it last.
Treading is my hobby; Assisting traders make me happy!
  • #68,203
  • Mar 14, 2008 6:59am Mar 14, 2008 6:59am
Quote
GU is pulling GJ down, while UJ is up bias. When GU is done with this minor retracement, we shall see the bull back on GJ and it shall join UJ . BUY the dips while it last.

thats a good idea..thats what i thought..UJ at 100 is a good buy..!

btw, any estimate figure to buy..or range..? for UJ & GJ ?
make money up or down...whatever ! :
  • #68,204
  • Mar 14, 2008 7:10am Mar 14, 2008 7:10am
Quoting ferose
thats a good idea..thats what i thought..UJ at 100 is a good buy..!

btw, any estimate figure to buy..or range..? for UJ & GJ ?

The contrarian sentiment index says 65% of retail investors long on UJ and is running very high at 2.6

As this is a contrarian indicator this is bearish.

This indicator was right on on eurusd when all the tehnicals said down.

Just a note . 100 is strong resistance but a break of here and the stops will run her down quick .
Blogging daily now at www.volume.zone
  • #68,205
  • Mar 14, 2008 7:12am Mar 14, 2008 7:12am
I am a newbie, and I may be wrong, but I got an opposite point of view. I think it's safer to sell the highs.

Quoting Fxflames
GU is pulling GJ down, while UJ is up bias. When GU is done with this minor retracement, we shall see the bull back on GJ and it shall join UJ . BUY the dips while it last.
  • #68,206
  • Mar 14, 2008 7:13am Mar 14, 2008 7:13am
GU is pulling GJ down and UJ is pulling it up, so when GU pulls it up then GJ goes up, but when UJ pulls it down then GJ cannot go down because GU is also pulling it, so when GU stops pulling and UJ takes a rest we see GJ in a consolidation mode, so when GU ..................... hey what am i saying or am i truly bored now
  • #68,207
  • Mar 14, 2008 7:16am Mar 14, 2008 7:16am
Quoting forexlion
GU is pulling GJ down and UJ is pulling it up, so when GU pulls it up then GJ goes up, but when UJ pulls it down then GJ cannot go down because GU is also pulling it, so when GU stops pulling and UJ takes a rest we see GJ in a consolidation mode, so when GU ..................... hey what am i saying or am i truly bored now
Best analysis of the day
Trade what you see, not what you think.
  • #68,208
  • Mar 14, 2008 7:22am Mar 14, 2008 7:22am
Quoting forexlion
GU is pulling GJ down and UJ is pulling it up, so when GU pulls it up then GJ goes up, but when UJ pulls it down then GJ cannot go down because GU is also pulling it, so when GU stops pulling and UJ takes a rest we see GJ in a consolidation mode, so when GU ..................... hey what am i saying or am i truly bored now

1+1=2
3-1=2
4-2=2
-1-1=2
WINWIN
Treading is my hobby; Assisting traders make me happy!
  • #68,209
  • Mar 14, 2008 7:23am Mar 14, 2008 7:23am
Major divergence on 15 min and 30 min MACD. Don't know how news will affect things though.
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  • #68,210
  • Mar 14, 2008 7:23am Mar 14, 2008 7:23am
Quoting Fxflames
1+1=2
3-1=2
4-2=2
-1-1=2
WINWIN
-1-1 = -2
  • #68,211
  • Mar 14, 2008 7:25am Mar 14, 2008 7:25am
Quoting GodfreyH
Major divergence on 15 min MACD. Don't know how news will affect things though.
same on rsi from 15 min to 2 hour time frame
Blogging daily now at www.volume.zone
  • #68,212
  • Mar 14, 2008 7:25am Mar 14, 2008 7:25am
Quoting GodfreyH
Major divergence on 15 min MACD. Don't know how news will affect things though.
Both price and indicators have made higher low so that's no divergence or do you mind explaining?
EDIT: never mind, your trendline was creating an illusion lol. I see both lows on price are about the same
  • #68,213
  • Mar 14, 2008 7:28am Mar 14, 2008 7:28am
Risk/Reward Ratio:


If you entered a long at the bottom (203.20 area) and have like a 50 pips sl. A bounce from the bottom and you're looking at easily 100 pips at least. A break through then you're out for 50 pips loss. So basically you are risking 50 pips for a potential 400+ pips win. This "area" was a very strong psychological resistance in the past now turned strong support.

Now if you've entered a long near the bottom, you move your sl to BE or below 203, a bad US news and you're out for even. A good US news and you're cashing in big time.
  • #68,214
  • Mar 14, 2008 7:28am Mar 14, 2008 7:28am
Quoting SimonJ
-1-1 = -2
May your choice be the wisest!
Treading is my hobby; Assisting traders make me happy!
  • #68,215
  • Mar 14, 2008 7:41am Mar 14, 2008 7:41am
Hmm...is the news bad or good? I guess it's how the market reacts to the news that's really count. I would love to see the patented 500 pips move up by GJ in the last trading day of the week and turn this weekly candle into a green one. NO BREAK = $$$.
  • #68,216
  • Mar 14, 2008 7:43am Mar 14, 2008 7:43am
Quoting $teve
Hmm...is the news bad or good? I guess it's how the market reacts to the news that's really count. I would love to see the patented 500 pips move up by GJ in the last trading day of the week and turn this weekly candle into a green one. NO BREAK = $$$.
It's bad news, but price moves up. My guess "Ah it's better than worse, let's BUY!"
  • #68,217
  • Mar 14, 2008 7:45am Mar 14, 2008 7:45am
No doubt, things are coming out as planned. load your gun and be ready!
Treading is my hobby; Assisting traders make me happy!
  • #68,218
  • Mar 14, 2008 7:46am Mar 14, 2008 7:46am
I see the news as being a red one on FF. "Most" of the time, red means bad news and green means good news. But I don't try to look at the news, I look at how the market reacts to it and trade the chart. I trade the charts not the news.
  • #68,219
  • Mar 14, 2008 7:48am Mar 14, 2008 7:48am
that's not a divergence. i don't see MACD diverging from price: second low of MACD (which is higher low on your chart) should have had a lower corresponding price (that is, lower than 213.15).
but i may be wrong or tired... what kind of divergence did you think you just found? regular, hidden... bullish, bearish?

Quoting GodfreyH
Major divergence on 15 min and 30 min MACD. Don't know how news will affect things though.
Nihil Sine Deo.
  • #68,220
  • Mar 14, 2008 7:51am Mar 14, 2008 7:51am
USDJPY currently fighting with Gann HiLo H4.

Normally in my opinion we should move down again... but... who knows.

Anybody knows why the data was bullish for UJ? Anyway... for future announcements I will simply go long UJ before. Win - Chance seems to be very high...
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