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

  • #72,581
  • Apr 9, 2008 10:01am Apr 9, 2008 10:01am
Quoting quecee5
do u have a link where u monitor the dow?
Q,

I usually watch CNBC or Bloomberg while trading, but here's a live link:

http://www.livecharts.co.uk/MarketCharts/dow.php

What are your thoughts on this range I see 201.50 - 202.50?
Patience + Humility + Study = Success
  • #72,582
  • Apr 9, 2008 10:10am Apr 9, 2008 10:10am
This has played out exactly like I thought it would - It moved up to test that line of resistance and touch the daily 5 sma. We got a touch of 202.68, damn near my thoughts of 202.70, and now I'm thinking we should drift lower from here. Right now, the daily is acting as an indecisive bar, but a lot can happen from here to there. Right now, I'm just waiting to see how she closes the day. Have a good one everybody and good luck in your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: like i said.gif Size: 14 KB
I dream, therefore I become.
  • #72,583
  • Apr 9, 2008 10:18am Apr 9, 2008 10:18am
Quoting DutchTrader
Q,

I usually watch CNBC or Bloomberg while trading, but here's a live link:

http://www.livecharts.co.uk/MarketCharts/dow.php

What are your thoughts on this range I see 201.50 - 202.50?
Thxs =

I think GJ is headed back to the daily pivot 203.40/70 area over the next day or so. . . A close above the daily pivot will confirm this, otherwise the range is as you stated (200.85-202.50). . .

I'm on the sidelines right now - I took a 50 pip hit last night b/c's I was on the wrong side of the trade (short). . . I need to understand what went wrong in that trade. . . All the signals were there but then it shot up against me and hit my SL. . .

As of now I'm trading UJ but look to trade GJ again later today or 2morrow.
  • #72,584
  • Apr 9, 2008 10:20am Apr 9, 2008 10:20am
Quoting quecee5
Thxs =

I think GJ is headed back to the daily pivot 203.40/70 area over the next day or so. . . A close above the daily pivot will confirm this, otherwise the range is as you stated (201-202.50). . .

I'm on the sidelines right now - I took a 50 pip hit last night b/c's I was on the wrong side of the trade (short). . . I need to understand what went wrong in that trade. . . All the signals were there but then it shot up against me and hit my SL. . .

As of now I'm trading UJ but llok to trade GJ again later today or 2morrow.
I'm also flat on the GJ and looking for opportunities once we clear this range one way or the other. With the rate announcement looming it'll be interesting to see what happens.
Patience + Humility + Study = Success
  • #72,585
  • Apr 9, 2008 10:21am Apr 9, 2008 10:21am
Quoting DutchTrader
I'm also flat on the GJ and looking for opportunities once we clear this range one way or the other. With the rate announcement looming it'll be interesting to see what happens.
  • #72,586
  • Apr 9, 2008 10:25am Apr 9, 2008 10:25am
Dow is testing support @ 12525 and looks as if she wants to break it.......
Patience + Discipline - Greed = Success
  • #72,587
  • Apr 9, 2008 10:31am Apr 9, 2008 10:31am
Quoting Infinity
Dow is testing support @ 12525 and looks as if she wants to break it.......
Patience + Humility + Study = Success
  • #72,588
  • Apr 9, 2008 10:34am Apr 9, 2008 10:34am
It is on the verge.....
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Patience + Discipline - Greed = Success
  • #72,589
  • Apr 9, 2008 10:37am Apr 9, 2008 10:37am
Quoting Infinity
It is on the verge.....
done
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Patience + Discipline - Greed = Success
  • #72,590
  • Apr 9, 2008 10:38am Apr 9, 2008 10:38am
200.90 still holding
Patience + Humility + Study = Success
  • #72,591
  • Apr 9, 2008 10:44am Apr 9, 2008 10:44am
Well.....
Patience + Humility + Study = Success
  • #72,592
  • Apr 9, 2008 10:46am Apr 9, 2008 10:46am
Quoting DutchTrader
200.90 still holding
If we get a hour close in this area, it will sink. My 4h will look very nice if it closes like this in the next 15 min.
Patience + Discipline - Greed = Success
  • #72,593
  • Apr 9, 2008 10:53am Apr 9, 2008 10:53am
IF we break through 200.80 there's nothing till 197.75
Patience + Humility + Study = Success
  • #72,594
  • Apr 9, 2008 10:55am Apr 9, 2008 10:55am
Quoting DutchTrader
IF we break through 200.80 there's nothing till 197.75
Thats what I like to hear DT! it'd be fairly nice to see that come into play. I'm adding a small short here for the gbp/usd and then again at 1.9800-50 if it gets that high. I still expect it to but it's getting less and less likely.
I dream, therefore I become.
  • #72,595
  • Apr 9, 2008 10:55am Apr 9, 2008 10:55am
Seems strange my volume indicator is showing that there is still some buying going on with GJ
  • #72,596
  • Apr 9, 2008 10:55am Apr 9, 2008 10:55am
Quoting DutchTrader
200.90 still holding
200.90 no 200.68
  • #72,597
  • Apr 9, 2008 10:56am Apr 9, 2008 10:56am
Quoting DutchTrader
IF we break through 200.80 there's nothing till 197.75
Possibly the bottom of the daily trendline at around 199.50-75 will provide some good support. I think we will see new lows in coming weeks though (below 192).

Lets see how it goes.
Patience + Discipline - Greed = Success
  • #72,598
  • Apr 9, 2008 10:59am Apr 9, 2008 10:59am
EDIT: On the 4Hr
Seems strange my volume indicator is showing that there is still some buying going on with GJ
  • #72,599
  • Edited 11:51am Apr 9, 2008 11:06am | Edited 11:51am
Quoting DutchTrader
IF we break through 200.80 there's nothing till 197.75
200.67 .......DS1
200.145 .....100SMA [4h]
200.082 .....Fibo [61.8] from last week UP move
199.95 .......DAILY GANN HILO[10]
199.60 .......MPP
199.50 .......DS2
197.75........WS1
197.74........DS3

========================================
DOW JONES: now @ 12502

DJ is between 100sma [1h] ....12508 and WPP

WPP ...................... 12493.94
DS2 ........................12488.34, when break next one

DS3 .........................12450.90 + 50EMA [12453]
WS1 .........................12291.95
===========================================

DREAM TARGETS
Good Luck
  • #72,600
  • Apr 9, 2008 11:15am Apr 9, 2008 11:15am
Quoting Piters
200.67 .......DS1
200.145 .....100SMA [4h]
199.95 .......DAILY GANN HILO[10]
199.60 .......MPP
199.50 .......DS2
197.75........WS1
197.74........DS3

========================================
DOW JONES: now @ 12502

DJ is on:

WPP ...................... 12493.94
DS2 ........................12488.34, when break next one

DS3 .........................12450.90
WS1 .........................12291.95
===========================================

DREAM TARGETS
Good Luck
thanks for your info
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