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GBPJPY scalpers

  • #1,681
  • Apr 1, 2008 6:00am Apr 1, 2008 6:00am
Quoting ak4x
my charts show gy hung up on the M2 pivot at 197.30 and Uj hung up on the central pivot at 99.68. break those and should be nice drop.
There was a nice drop over nigth and a huge run up. It looks like we are in the same situation now as we were last night almost. I am hoping for that nice drop any minute now.
  • #1,682
  • Apr 1, 2008 6:03am Apr 1, 2008 6:03am
http://www2.barchart.com/ifutpage.asp?sym=YM&code=BSTK
Attached Image
  • #1,683
  • Apr 1, 2008 6:23am Apr 1, 2008 6:23am
Quoting rrram2
I bailed on the EUR/GBP with a pip or two loss.
I bailed on that EG and of course this morning it is WAY down, that would have been an excellent trade, waking up with a pile of money earned while sleeping is the greatest.

Oh Well some day I will leaRN PATIENCE
  • #1,684
  • Apr 1, 2008 6:28am Apr 1, 2008 6:28am
Quoting naatha
http://www2.barchart.com/ifutpage.asp?sym=YM&code=BSTK
Help us with a bit of narrative please.
  • #1,685
  • Edited 6:55am Apr 1, 2008 6:37am | Edited 6:55am
Quoting rrram2
Help us with a bit of narrative please.
-----------------------
a bearish MACD diver EG1h @R1-level

for Usd pairs & GJ - BarChart's futures turns to positive, but yesterday they were -20/-70/-70
Attached Images
  • #1,686
  • Apr 1, 2008 6:39am Apr 1, 2008 6:39am
It looks like GU had a nice rally up over night, like GJ,
But it looks like GU has now reversed and is heading down.
And USD/JPY looks to be stagnating and heading down as it was unable to break 100.60. So I am betting GJ won't even get past 199.30 again and seems to be heading down a bit more ferociously NOW.

I don't see any news this morning that will boost GJ up this morning.

Anyone else short or thinking of getting short ATM?
  • #1,687
  • Apr 1, 2008 6:49am Apr 1, 2008 6:49am
Quoting rrram2
It looks like GU had a nice rally up over night, like GJ,
But it looks like GU has now reversed and is heading down.
And USD/JPY looks to be stagnating and heading down as it was unable to break 100.60. So I am betting GJ won't even get past 199.30 again and seems to be heading down a bit more ferociously NOW.

I don't see any news this morning that will boost GJ up this morning.

Anyone else short or thinking of getting short ATM?
Hope you held out a bit longer...
  • #1,688
  • Apr 1, 2008 7:07am Apr 1, 2008 7:07am
WOWOWOWOW!

New monthly pivot: 199.54
50% retrace on monthly chart: 199.60

I am still long from earlier, lookin for retest of 4h 100ema and trendline.

cheers
  • #1,689
  • Apr 1, 2008 7:07am Apr 1, 2008 7:07am
Traveling back to top of an old channel of resistance
  • #1,690
  • Apr 1, 2008 7:08am Apr 1, 2008 7:08am
Quoting cotoho
Hope you held out a bit longer...
I am short at 199.13 And I will be concerned if it breaks over 200 and continues up.

But everything tells me it is coming down, like before and that it is coming down before breaking over 200.

I thought erroneously that 199.00/199.30 was toppy, 199.65 shoudl hold and if not 200 should hold, otherwise I am in trouble
  • #1,691
  • Apr 1, 2008 7:19am Apr 1, 2008 7:19am
Lets see if we retest that level on this push
  • #1,692
  • Apr 1, 2008 7:21am Apr 1, 2008 7:21am
Wow Vag, nice. I was thinkin that area too because that is daily 21ema. but I will TP when 200.40 hit.
  • #1,693
  • Apr 1, 2008 7:27am Apr 1, 2008 7:27am
Quoting piptrain
Wow Vag, nice. I was thinkin that area too because that is daily 21ema. but I will TP when 200.40 hit.
It has been in this MT 197-200 channel for a few days anyways.

I am naturally long GJ, but I cannot find absolutely anything indicating
we could sustain a break above 200.

We have not been above 202 in over 2 weeks.
And the LT still looks to be down.

yes the 240 may look possibly promising for a move up.
But look back on that 240 min chart, there is still bearish divergence on the RSI.

So I am going to sit tight with my shorts
  • #1,694
  • Apr 1, 2008 7:31am Apr 1, 2008 7:31am
anyone in here follow auslanco's 4 hour strategy? according to his strategy all criteria has been met for a 200-300 pip run up. anyone else notice this?

thanks
  • #1,695
  • Apr 1, 2008 7:33am Apr 1, 2008 7:33am
Quoting johnchia
Since Nov'07 it been 5 month where GJ fall till 192. look at every monthly bar the upside is more likely 200-250pips then it fall. so if this behaviour continue means the top limit is 200 for this month.
(hope u guys understand what i mean since my english isnt very good)
If my theory playout the most GJ top is at 200-201 so i have my sell limit sit at 200 n 201 with SL 202 TP195
Sometimes in order to see the light, you have to risk the dark
  • #1,696
  • Apr 1, 2008 7:33am Apr 1, 2008 7:33am
Quoting rrram2
It has been in this MT 197-200 channel for a few days anyways.

I am naturally long GJ, but I cannot find absolutely anything indicating
we could sustain a break above 200.

We have not been above 202 in over 2 weeks.
And the LT still looks to be down.

yes the 240 may look possibly promising for a move up.
But look back on that 240 min chart, there is still bearish divergence on the RSI.

So I am going to sit tight with my shorts
I think your shorts are safe.. and actually I'm just expecting a breach... and then a had back down to 197.63 if not 197.00
  • #1,697
  • Apr 1, 2008 7:35am Apr 1, 2008 7:35am
Quoting johnchia
If my theory playout the most GJ top is at 200-201 so i have my sell limit sit at 200 n 201 with SL 202 TP195
I'm right there with you Sell Limit at 201.50 202 seems ot be a nice stop... maybe 202.20 or so... and 197 for a TP
  • #1,698
  • Apr 1, 2008 7:39am Apr 1, 2008 7:39am
Quoting VagyokC4
I think your shorts are safe.. and actually I'm just expecting a breach... and then a had back down to 197.63 if not 197.00
I think there is just too much bad GBP news out there lately and the GU seems to be under alot of pressure and the USD seems to be coming back somehow and made big gains overnight.

I don't even know if UJ can hit 101 and if it does I think it will fall hard.

I am also looking for a few legs down on commdities like gold and silver,
which when these go down it strengthens the USD.

I always hate going short GJ as I hate to have to carry it overnight and pay interest EWWWW!

But I have been playing long for weeks and everyone else is always going short making many more pips than me. I need pips to EAT!
  • #1,699
  • Apr 1, 2008 7:40am Apr 1, 2008 7:40am
second resting place achieved and taken out

now we begin final victory run for 200.19 and then ofcourse a retrace.
  • #1,700
  • Apr 1, 2008 7:42am Apr 1, 2008 7:42am
Lets see if this month bar behave like previous 5 bars. The upper wicked at top 200-250pips
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Sometimes in order to see the light, you have to risk the dark
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