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

  • #72,001
  • Apr 7, 2008 12:01am Apr 7, 2008 12:01am
Quoting 4x_Trader
Here's my trade call position long @ 204.60 tp 206.10 (mar 13 high) sl 202.60 (10 pips below apr 03 low @ 202.70) let's see how it goes.........

Just an info and not a reco!
stopped out @ 202.60 -200 pips


GBP/JPY fell from 213.46 (27 Feb high) to complete a multi-week bear triangle. A 203.45-207.96 range then preceded a sharp drop to 192.52 (17 Mar low). Higher lows have followed, and Wed's break above 201.76-80 has completed a base to breach 5-month bear trendline before snapping back. Further recovery at 205.50 (61.8%-213.46/192.52 fall) will do this week only a breach of 200.85 will change my view.

Strategy look to buy......

Just an info and not a reco!
  • #72,002
  • Apr 7, 2008 12:20am Apr 7, 2008 12:20am
GBP/JPY last Fri fell from 205.11 to 202.17, and rebounds to 204.17 earlier from the early morning low of 202.09. 203.50 looks like the immediate base to watch. Actions above 204.00 have been not so convincing so far, and confirmation of firmness around the 21D-MA (200.82) may be needed. The headline pair Stg/Dlr's rebounds since Mar 24 are getting lower, and retest of the 1.9720-10 base might be seen again as long as 2.0000 cannot be recovered through. Therefore continued caution would be needed for the crosses downside as well.


Just an info and not a reco!
  • #72,003
  • Apr 7, 2008 2:08am Apr 7, 2008 2:08am
new 8hr candles and momentoms
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  • #72,004
  • Apr 7, 2008 6:25am Apr 7, 2008 6:25am
new 12 and 6hr candles and momentoms

ps:it seems bullish yet.....but if it not able to break out daily 50 ema, bullish movement faces problem and it may bounce back down to test daily gann.....i will be in side line till tomorrow to see right direction(up or down..i mean i'ill wait till price either break out daily 50 ema to continue bullish movement or headed south to test daily gann at first and if break that area then continue it's bearish movemnet)...time will tell us soon
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  • #72,005
  • Apr 7, 2008 6:34am Apr 7, 2008 6:34am
Boy am I glad I went to sleep last night. Just woke up to see price is just as I left it.
  • #72,006
  • Apr 7, 2008 6:35am Apr 7, 2008 6:35am
... very ranging market ... I lost 68 pips in two trades today. So waiting for a breakout of this ranging high and low (203.60 - 204.20) to enter another trade, either long or short ... but mostly I'm short biased unless we break above 204.50 resistance.

so far for today = -68 pips
Discipline + Patience - Fear - Greed = Success
  • #72,007
  • Apr 7, 2008 6:41am Apr 7, 2008 6:41am
Quoting Dmac
Boy am I glad I went to sleep last night. Just woke up to see price is just as I left it.
I learned the hard way that trades are all about your entry.
Patience + Humility + Study = Success
  • #72,008
  • Apr 7, 2008 6:53am Apr 7, 2008 6:53am
4hr gann hi/lo proving tough for this pair but all charts look bullish right now. A break of this resistance and a close above 204.19 will see this pair up to 205.75/206 area 1st a target. . .
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  • #72,009
  • Apr 7, 2008 7:04am Apr 7, 2008 7:04am
Quoting quecee5
4hr gann hi/lo proving tough for this pair but all charts look bullish right now. A break of this resistance and a close above 204.19 will see this pair up to 205.75/206 area 1st a target. . .
hi dear Q
remind that train of GJ is waiting for movement downtrend date Apr 10
maybe we will see a false break
  • #72,010
  • Apr 7, 2008 7:09am Apr 7, 2008 7:09am
Quoting hussin naiji
hi dear Q
remind that train of GJ is waiting for movement downtrend date Apr 10
maybe we will see a false break
also see
Market Open High Low Last Change Pct Time SY.M08.E Jun 2008 (E) 202.210 202.210 202.210 200.605 -1.400 -0.69% set 15:16 SY.U08.E Sep 2008 (E) 198.295 198.295 198.295 198.295 -1.370 -0.69% set 15:16 SY.Z08.E Dec 2008 (E) 196.085 196.085 196.085 196.085 -1.425 -0.73% set 15:16 SY.H09.E Mar 2009 (E) 193.990 193.990 193.990 193.990 -1.435 -0.74% set 15:16
  • #72,011
  • Apr 7, 2008 7:41am Apr 7, 2008 7:41am
204.45 is still tough resistance, but with stocks pointing firmly up I expect us to head towards 205 shortly.
Patience + Humility + Study = Success
  • #72,012
  • Apr 7, 2008 7:50am Apr 7, 2008 7:50am
i think we will go down to 202.40 , let us see
  • #72,013
  • Apr 7, 2008 7:56am Apr 7, 2008 7:56am
Quoting khaled22
i think we will go down to 202.40 , let us see

Yes, come on bear. Beat the bull. Waiting for the US open to see the effect.
  • #72,014
  • Apr 7, 2008 8:00am Apr 7, 2008 8:00am
Quoting khaled22
i think we will go down to 202.40 , let us see
Based on?
Patience + Humility + Study = Success
  • #72,015
  • Apr 7, 2008 8:06am Apr 7, 2008 8:06am
ussual false breakout on a monday!
  • #72,016
  • Apr 7, 2008 8:09am Apr 7, 2008 8:09am
Eh, if it's false I'll book profits, I'm long from the 202 area so no biggie.
Patience + Humility + Study = Success
  • #72,017
  • Apr 7, 2008 8:11am Apr 7, 2008 8:11am
im referring to the box formation 203.6 - 204.3, had a false break out
  • #72,018
  • Apr 7, 2008 8:12am Apr 7, 2008 8:12am
Quoting Genics
im referring to the box formation 203.6 - 204.3, had a false break out
Gotcha
Patience + Humility + Study = Success
  • #72,019
  • Apr 7, 2008 8:17am Apr 7, 2008 8:17am
Quoting DutchTrader
Based on?
based on moving avreg and QQE in 4H
  • #72,020
  • Apr 7, 2008 8:24am Apr 7, 2008 8:24am
Quoting Genics
im referring to the box formation 203.6 - 204.3, had a false break out
be careful to chart pls
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