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

  • #71,501
  • Apr 1, 2008 8:18pm Apr 1, 2008 8:18pm
Quoting bigslice54
early March kinda guy. I like it!
The only way I see this happening though is if UJ takes out resistance ar'd the 101.90/102.20 area meaning a daily or weekly closed above this area. . .

However data releases/news by the US this week will determine the fate of GJ direction IMO!
  • #71,502
  • Apr 1, 2008 8:26pm Apr 1, 2008 8:26pm
so what's the difference between a point and a pip? and when did you start counting?

Quoting bigslice54
500points, not pips.

PS: 419pts & countng
Nihil Sine Deo.
  • #71,503
  • Apr 1, 2008 8:29pm Apr 1, 2008 8:29pm
Quoting Scrat
so what's the difference between a point and a pip? and when did you start counting?

The Nikkei 225 is currently up 429points. GJ is down around 25pips.

Hope this helps
  • #71,504
  • Apr 1, 2008 8:36pm Apr 1, 2008 8:36pm
alright, makes sense to me. i thought you were referring only to g-j. my mistake.

Quoting bigslice54
The Nikkei 225 is currently up 429points. GJ is down around 25pips.

Hope this helps
Nihil Sine Deo.
  • #71,505
  • Apr 1, 2008 8:37pm Apr 1, 2008 8:37pm
Quoting quecee5
The only way I see this happening though is if UJ takes out resistance ar'd the 101.90/102.20 area meaning a daily or weekly closed above this area. . .

However data releases/news by the US this week will determine the fate of GJ direction IMO!

Absolutely! Plus, Cable needs to hold here as well. It will be very interestng to see whether GBP or JPY turns out to be the weakest in the near term. Neither are very hot right now in their own right.
UJ blasted out of consolidation today, but even w +400pts on Nikkei, GJ has not followed. Perhaps implyingmore weakness in GBP??? (food for thought)

Sounds like our charts are saying some of the same things. Do you have a current position, or where do you see entries? I took GJ long @ 198.19 & looking for 208-214 area. Still fairly convinced of a return to 197.50ish based on today's ceiling holding
  • #71,506
  • Apr 1, 2008 8:49pm Apr 1, 2008 8:49pm
Quoting bigslice54
Absolutely! Plus, Cable needs to hold here as well. It will be very interestng to see whether GBP or JPY turns out to be the weakest in the near term. Neither are very hot right now in their own right.
UJ blasted out of consolidation today, but even w +400pts on Nikkei, GJ has not followed. Perhaps implyingmore weakness in GBP??? (food for thought)

Sounds like our charts are saying some of the same things. Do you have a current position, or where do you see entries? I took GJ long @ 198.19 & looking for 208-214 area. Still fairly convinced of a return to 197.50ish based on today's ceiling holding
Good stuff bro. . .

Yes, I'm currently short GJ as I think it is OB right now. . . According to what I'm looking at on my hourly chart GJ could revisit the daily pivot @ ar'd 199.98 area. A break of the daily pivot would see 1st support @ 198.20 area 1st. . . It's ar'd that area I will make a call to either hold short or flip long depending if it bounces hard off the daily pivot or not. . .
  • #71,507
  • Apr 1, 2008 8:54pm Apr 1, 2008 8:54pm
Quoting quecee5
Good stuff bro. . .

Yes, I'm currently short GJ as I think it is OB right now. . . According to what I'm looking at on my hourly chart GJ could revisit the daily pivot @ ar'd 199.98 area. A break of the daily pivot would see 1st support @ 198.20 area 1st. . . It's ar'd that area I will make a call to either hold short or flip long depending if it bounces hard off the daily pivot or not. . .
Yeah, I took short earlier @ 201.20, & again @ 201.60,closed both for +40 & +7 just after close. Damned 201 held tough & made me nervous. Testing agian now. Should catch some idea right now! 200.85 & cya
  • #71,508
  • Apr 1, 2008 8:59pm Apr 1, 2008 8:59pm
Quoting bigslice54
Yeah, I took short earlier @ 201.20, & again @ 201.60,closed both for +40 & +7 just after close. Damned 201 held tough & made me nervous. Testing agian now. Should catch some idea right now!
I took short b/c's UJ failed again to take out resistance up above for now. . .
Also, GJ is now trading below 1hr Gann hi/lo for the moment.

Waiting for the next hourly candle in the next 3 min or so to see what happens. . . Looks like next support is ar'd 200.60 then 199.98 area. . . Also, my ZL Stoch is starting to turn over pointing down on the hourly. . .

Lets see how this plays out. . .
  • #71,509
  • Apr 1, 2008 9:02pm Apr 1, 2008 9:02pm
Quoting quecee5
I took short b/c's UJ failed again to take out resistance up above for now. . .
Also, GJ is now trading below 1hr Gann hi/lo for the moment.

Waiting for the next hourly candle in the next 3 min or so to see what happens. . . Looks like next support is ar'd 200.60 then 199.98 area. . . Also, my ZL Stoch is starting to turn over pointing down on the hourly. . .

Lets see how this plays out. . .
Looks like the hourly candle just opened below 1 hr 5 SMA - now if it pushes below 1 hr Gann hi/lo we should see momentum/pressure toward the downside IMO. . .
  • #71,510
  • Apr 1, 2008 9:05pm Apr 1, 2008 9:05pm
Quoting quecee5
Looks like the hourly candle just opened below 1 hr 5 SMA - now if it pushes below 1 hr Gann hi/lo we should see momentum/pressure toward the downside IMO. . .

where is Gann for down signal? I know they can be very powerful, but I'm not there yet.
I looking @ 200.85 as an "all clear"...
  • #71,511
  • Apr 1, 2008 9:08pm Apr 1, 2008 9:08pm
Quoting bigslice54
where is Gann for down signal? I know they can be very powerful, but I'm not there yet.
I looking @ 200.85 as an "all clear"...
are u using mt4???? If so here you go. . .
Also, do a search on Aus 1hr/4hr strategy for detailed information how to best use this indicator. . .
Attached File(s)
File Type: ex4 Gann_HiLo_Activator_v2.ex4   2 KB | 353 downloads
  • #71,512
  • Apr 1, 2008 9:13pm Apr 1, 2008 9:13pm
Quoting quecee5
are u using mt4???? If so here you go. . .
Also, do a search on Aus 1hr/4hr strategy for detailed information how to best use this indicator. . .

Thanks. Ive got to get on the MT4 if I'm going to be here I use fxsol accucharts. They are great but I wish I had more historical data, & could play w the cool toys everyone has for MT4.

Skunny & Bo suggest Vhands, which I am dying to try out, but I can't use it on system.

I love the indecision in the market rigth now. Everyone is confused. Could lead to an explosion whenever the elephant makes up his mind. I have a strange feeling we are in for a BIG surprise.

Ever get a feeling???
  • #71,513
  • Apr 1, 2008 9:21pm Apr 1, 2008 9:21pm
Quoting bigslice54
Thanks. Ive got to get on the MT4 if I'm going to be here I use fxsol accucharts. They are great but I wish I had more historical data, & could play w the cool toys everyone has for MT4.

Skunny & Bo suggest Vhands, which I am dying to try out, but I can't use it on system.

I love the indecision in the market rigth now. Everyone is confused. Could lead to an explosion whenever the elephant makes up his mind. I have a strange feeling we are in for a BIG surprise.

Ever get a feeling???
I always get those feelings but I always revert back to my charts. . .
  • #71,514
  • Apr 1, 2008 9:25pm Apr 1, 2008 9:25pm
This 200.85 area is really stubborn. I expected it to be taken out long ago. Anyway, I am still holding short from 201.3 as I think this needs the retracement to push it higher. My 50ema 200ema and 100sma on the 1h all around the 199.2-5 area look like they are calling. My target however is 200.3 stop 201.9.

My 4h chart is way OB also and stoch are starting to turn down. Let see what happens.

Bless
Patience + Discipline - Greed = Success
  • #71,515
  • Apr 1, 2008 9:28pm Apr 1, 2008 9:28pm
Quoting quecee5
I always get those feelings but I always revert back to my charts. . .
Do you mind if I plagiarize your tag line??? I'm getting much better, 'cause I enjoy keeping my profits, but I need a reminder often.

Trying to steal a few here long, but may pay a small price :o did look tempting...
  • #71,516
  • Apr 1, 2008 9:31pm Apr 1, 2008 9:31pm
Quoting Infinity
This 200.85 area is really stubborn. I expected it to be taken out long ago. Anyway, I am still holding short from 201.3 as I think this needs the retracement to push it higher. My 50ema 200ema and 100sma on the 1h all around the 199.2-5 area look like they are calling. My target however is 200.3 stop 201.9.

My 4h chart is way OB also and stoch are starting to turn down. Let see what happens.

Bless
Right now price looks to be sitting between 1hr 5 SMA and 1hr hi/lo gann for now. . . I see intraday support @ 200.55/60 1st then 200.30/35 and then the daily pivot @ 200/199.95 area. . . Price needs a close below 1hr gann hi/lo then I think we'll see a bit of downward pressure. . . I'm patient so your right lets see what happens. . .
  • #71,517
  • Apr 1, 2008 9:32pm Apr 1, 2008 9:32pm
Quoting bigslice54
Do you mind if I plagiarize your tag line??? I'm getting much better, 'cause I enjoy keeping my profits, but I need a reminder often.

Trying to steal a few here long, but may pay a small price :o did look tempting...
Not at all bro have at it. . .
  • #71,518
  • Apr 1, 2008 9:45pm Apr 1, 2008 9:45pm
Quoting quecee5
Right now price looks to be sitting between 1hr 5 SMA and 1hr hi/lo gann for now. . . I see intraday support @ 200.55/60 1st then 200.30/35 and then the daily pivot @ 200/199.95 area. . . Price needs a close below 1hr gann hi/lo then I think we'll see a bit of downward pressure. . . I'm patient so your right lets see what happens. . .
I agree. 200.55 area is 5ema on the 4h also. I will be watching price action around that area carefully.....IF it does in fact go there.

Bless
Patience + Discipline - Greed = Success
  • #71,519
  • Apr 1, 2008 10:51pm Apr 1, 2008 10:51pm
scalped 10 & back in short. amazing how quickly this pair is eating up the equities rally.

Looks like the elephants believe bad GBP reports are ahead. Better than expect news in UK, & God forbid, on the Non-farm that Infitity talked about earlier (w/ -40 expected could happen) we could get that push over the hump. It sure does look like we'll test 200-198.85 at least before then
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 4-1 after close.png Size: 57 KB
  • #71,520
  • Apr 1, 2008 10:59pm Apr 1, 2008 10:59pm
Quoting bigslice54
scalped 10 & back in short. amazing how quickly this pair is eating up the equities rally.

Looks like the elephants believe bad GBP reports are ahead. Better than expect news in UK, & God forbid, on the Non-farm that Infitity talked about earlier (w/ -40 expected could happen) we could get that push over the hump. It sure does look like we'll test 200-198.85 at least before then
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