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GBPJPY scalpers

  • #861
  • Mar 24, 2008 6:00pm Mar 24, 2008 6:00pm
Malcomb,

Are you still looking to short eur/cad at 1.5650, sorry for talking abt eur/cad here. Thanks
  • #862
  • Mar 24, 2008 6:16pm Mar 24, 2008 6:16pm
Quoting sharon_gpl
Malcomb,

Are you still looking to short eur/cad at 1.5650, sorry for talking abt eur/cad here. Thanks
If it breaks bottom of bear flag
Blogging daily now at www.volume.zone
  • #863
  • Mar 24, 2008 6:19pm Mar 24, 2008 6:19pm
Quoting mktjong
The support @199.80 area is stubborn to break, we may likely see it shoot up to the 201 handle soon. Otherwise, it may reach the second support @ 199.20 area before trending up again. The overall trend is still bullish as far as I can see it in the next day or two. Agree?
Yes. Dow signs are positive too.

Out of short with a few anyway - bull flag forming - looking for long entry point - trying to be patient with this damn computer/comcast slow.
History is written by the victors.
  • #864
  • Mar 24, 2008 6:19pm Mar 24, 2008 6:19pm
Quoting malcolmb14
If it breaks bottom of bear flag
I notice this Eur/Cad has a nice inverse relationship with Geppy. If it breaks to the bottom, then Geppy is already at sky
  • #865
  • Mar 24, 2008 6:24pm Mar 24, 2008 6:24pm
Quoting Money-RX
trying to be patient with this damn computer/comcast slow.

Last time that happened I had to completely reboot everything. Shut the computer down completely, reset the modem then bring computer back up. Did this to me last week as a matter of fact. Running comcast as well.
  • #866
  • Mar 24, 2008 6:41pm Mar 24, 2008 6:41pm
Quoting magnumfreak
Last time that happened I had to completely reboot everything. Shut the computer down completely, reset the modem then bring computer back up. Did this to me last week as a matter of fact. Running comcast as well.
Will try that. Thanks
History is written by the victors.
  • #867
  • Mar 24, 2008 7:09pm Mar 24, 2008 7:09pm
Here is gbpusd for all you gj traders

We have a quasi head and shoulders thing going on with the 61.8% fib holding good support.

Within that pattern there is also this bear flag of sorts that seems to have ended on the 61,8% fib level.

On the 4 hour chart it seems GU wants to break above the top of that channel and go test the 50 sma and whole number 2.00

Notice how on the break of 2.00 ( highlighted area) we did not get a restest of the break level . I think this is coming in the next day or so.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart16.JPG Size: 137 KB
Blogging daily now at www.volume.zone
  • #868
  • Mar 24, 2008 7:48pm Mar 24, 2008 7:48pm
Hi Malcomb,

Do you see gbp/chf testing 1.9925 first before any push higher. Thanks.
  • #869
  • Mar 24, 2008 8:02pm Mar 24, 2008 8:02pm
Quoting sharon_gpl
Hi Malcomb,

Do you see gbp/chf testing 1.9925 first before any push higher. Thanks.
15 min chart , plot 50 , 20 and 10 sma

they are bunched together right now.

price already tested 50% fib of todays early move.

we broke 50 sma to upside on 15 min

I think 2.0326 test
Blogging daily now at www.volume.zone
  • #870
  • Mar 24, 2008 8:03pm Mar 24, 2008 8:03pm
Quoting malcolmb14
15 min chart , plot 50 , 20 and 10 sma

they are bunched together right now.

price already tested 50% fib of todays early move.

we broke 50 sma to upside on 15 min

I think 2.0326 test

well forget all that gbpchf ripping
Blogging daily now at www.volume.zone
  • #871
  • Mar 24, 2008 8:05pm Mar 24, 2008 8:05pm
gold MUST be droppign right now

that is why usdchf going up and gbpchf getting stronger. I am in office and do not have gold chart .... just a hunch
Blogging daily now at www.volume.zone
  • #872
  • Mar 24, 2008 8:11pm Mar 24, 2008 8:11pm
here is why ... i was going to mention this one earlier

21:38 AUD/USD: Buoyed By Heavy Unwinding of Safe Haven Trades Sydney, March 25: The shift in investor mood since Monday of last week has been breath-taking to say the least. There is a mood on Wall Street that the "worst is over" and this is reflected by the strong move higher in the Dow and huge unwinding of Treasury longs. The AUD/USD has made a decent bounce off of the lows as unwinding of short AUD/JPY positions has helped underpin the AUD overall. The falling commodity prices have weighed on the AUD, but the improved risk environment should offset that and commodity prices at least stopped falling during the US session on Monday.
Good support has formed in the AUD/USD at the 100-day MA around 0.8950 and while that level holds we could see a decent recovery. Key resistance is found at the 38.2 fibo of the 0.9498/0.8954 move around 0.9160. The AUD/USDF trades 0.9060/65. [email protected]
Blogging daily now at www.volume.zone
  • #873
  • Mar 24, 2008 8:14pm Mar 24, 2008 8:14pm
Quoting malcolmb14
here is why ... i was going to mention this one earlier

21:38 AUD/USD: Buoyed By Heavy Unwinding of Safe Haven Trades Sydney, March 25: The shift in investor mood since Monday of last week has been breath-taking to say the least. There is a mood on Wall Street that the "worst is over" and this is reflected by the strong move higher in the Dow and huge unwinding of Treasury longs. The AUD/USD has made a decent bounce off of the lows as unwinding of short AUD/JPY positions has helped underpin the AUD overall. The falling commodity prices have weighed on the AUD, but the improved risk environment should offset that and commodity prices at least stopped falling during the US session on Monday.
Good support has formed in the AUD/USD at the 100-day MA around 0.8950 and while that level holds we could see a decent recovery. Key resistance is found at the 38.2 fibo of the 0.9498/0.8954 move around 0.9160. The AUD/USDF trades 0.9060/65. [email protected]
what price did you get in malc??? dont leave me out!!! lol
  • #874
  • Mar 24, 2008 8:19pm Mar 24, 2008 8:19pm
Quoting malcolmb14
gold MUST be droppign right now

that is why usdchf going up and gbpchf getting stronger. I am in office and do not have gold chart .... just a hunch
gold at 919.60 at about 917 pm eastern. Slightly up from the midnight gmt close.
  • #875
  • Mar 24, 2008 8:20pm Mar 24, 2008 8:20pm
Quoting malcolmb14
gold MUST be droppign right now

that is why usdchf going up and gbpchf getting stronger. I am in office and do not have gold chart .... just a hunch
Gold is actually trending up right now
Attached Image
  • #876
  • Mar 24, 2008 8:24pm Mar 24, 2008 8:24pm
Phew ....

Ok even I make mistakes ... lol

I was trying to play a break out of gbpchf long earlier , placed order for 2.0320 , but instead entered 2.0302 and got an instant fill ..... then it came down by 80 pips and you all know how i feel about draw downs !!!

Howver I knew the bull flag was there , and that all I needed was wait. I was ready to take a 100 pip hit.

I got out with skin of teeth and 2 whole pips in the back pocket ....lol
Blogging daily now at www.volume.zone
  • #877
  • Mar 24, 2008 8:25pm Mar 24, 2008 8:25pm
Quoting mktjong
Gold is actually trending up right now
thanks .. mmm ... typically chf gets weaker when gold gets weaker.
Blogging daily now at www.volume.zone
  • #878
  • Mar 24, 2008 8:32pm Mar 24, 2008 8:32pm
Quoting malcolmb14
thanks .. mmm ... typically chf gets weaker when gold gets weaker.
You're welcome. I went long on Geppy @ 200.01 after seeing it couldn't break the 199.80 support.
  • #879
  • Mar 24, 2008 8:43pm Mar 24, 2008 8:43pm
Quoting malcolmb14
thanks .. mmm ... typically chf gets weaker when gold gets weaker.
It seems that it is cooling off and starting to align itself to gold now ;-)
  • #880
  • Mar 24, 2008 8:47pm Mar 24, 2008 8:47pm
Quoting mktjong
You're welcome. I went long on Geppy @ 200.01 after seeing it couldn't break the 199.80 support.
Long also from 200.32 closed with a scalp of 38. Will long again @ 200.40s if charts look good.
History is written by the victors.
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