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

  • #72,681
  • Apr 10, 2008 6:42am Apr 10, 2008 6:42am
Yeah I see a retrace towards 199ish if that. Sorry, looked at the charts wrong.
Patience + Humility + Study = Success
  • #72,682
  • Apr 10, 2008 6:59am Apr 10, 2008 6:59am
37 pips already. I think G/J will move to today's S2 199.3 area by the evening of GMT time, and tomorrow's pivot is 199.32. So I guess 199.00 is not a greedy target.

Quoting johnchia
Buy ?! wow... u r a risk taker. S3 break we will see 197. for me i will wait n sell when any rally up. dont see any good news or good fundamental to support.
  • #72,683
  • Apr 10, 2008 7:00am Apr 10, 2008 7:00am
Quoting forexlion
I guess we have reached max down for the day, and now we should start retracing with the EU news.

What say
Sadly there is more downside in GJ today because there is no good news yet to prop up GJ. I think we will test the lows of 197.20/00 which is the 50.0% fib extension up from he 193.XX lows from 3/16/08.
  • #72,684
  • Apr 10, 2008 7:02am Apr 10, 2008 7:02am
Quoting rrram2
Sadly there is more downside in GJ today because there is no good news yet to prop up GJ. I think we will test the lows of 197.20/00 which is the 50.0% fib extension up from he 193.XX lows from 3/16/08.
I see a tech bounce to 199.10 fibo area beyond that it'll be tough sledding for the GJ to the upside.
Patience + Humility + Study = Success
  • #72,685
  • Apr 10, 2008 7:07am Apr 10, 2008 7:07am
do you guys stay in trades during the news?
  • #72,686
  • Apr 10, 2008 7:09am Apr 10, 2008 7:09am
Quoting dogberry
37 pips already. I think G/J will move to today's S2 199.3 area by the evening of GMT time, and tomorrow's pivot is 199.32. So I guess 199.00 is not a greedy target.
Nice buy but is still a risky trade to me btw grats for ur pips, wish i do hav courage like u to buy
Sometimes in order to see the light, you have to risk the dark
  • #72,687
  • Apr 10, 2008 7:11am Apr 10, 2008 7:11am
we must see DOW today
fall DOW= fall GJ
  • #72,688
  • Apr 10, 2008 7:12am Apr 10, 2008 7:12am
What I mean today is London time 23:59pm. forexlion is in India so his today may be 14:00 pm London time. Your today is 5:00am tomorrow London time. Based on my 6 months trading experince on G/J, I think chances it breaks below 198 TODAY is quite low.

Quoting rrram2
Sadly there is more downside in GJ today because there is no good news yet to prop up GJ. I think we will test the lows of 197.20/00 which is the 50.0% fib extension up from he 193.XX lows from 3/16/08.
  • #72,689
  • Apr 10, 2008 7:17am Apr 10, 2008 7:17am
Quoting johnchia
Nice buy but is still a risky trade to me btw grats for ur pips, wish i do hav courage like u to buy
im long UJ-100.34 now
waiting next hour to buy geppy sure only if we dont close below 198.70
  • #72,690
  • Apr 10, 2008 7:22am Apr 10, 2008 7:22am
Quoting Jerry
im long UJ-100.34 now
waiting next hour to buy geppy sure only if we dont close below 198.70
i am in bear camp still, as in chart this channel play out quite well for me. had a sell limit at 199 sl 199.8 TP 197.8
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
Sometimes in order to see the light, you have to risk the dark
  • #72,691
  • Apr 10, 2008 7:59am Apr 10, 2008 7:59am
We had the 199.10ish upside test, now we go down towards 198
Patience + Humility + Study = Success
  • #72,692
  • Apr 10, 2008 8:03am Apr 10, 2008 8:03am
ladies and gents; What about the news? Thats the best number in about 4 weeks. You think it could drive this beast up?
  • #72,693
  • Edited 8:09am Apr 10, 2008 8:06am | Edited 8:09am
Quoting Dmac
ladies and gents; What about the news? Thats the best number in about 4 weeks. You think it could drive this beast up?

I'm seeing possibly 199.45 then maybe down again.
  • #72,694
  • Apr 10, 2008 8:12am Apr 10, 2008 8:12am
Quoting Dmac
I'm seeing possibly 199.45 then maybe down again.
OK, my turn. Possible retrace to 50% @ 201.23. There is a decent pin bar on the 4H. that could take it there before any further down fall.
  • #72,695
  • Apr 10, 2008 8:14am Apr 10, 2008 8:14am
Quoting fxstman
OK, my turn. Possible retrace to 50% @ 201.23. There is a decent pin bar on the 4H. that could take it there before any further down fall.
And not only that. The pin bar is on the 50% of the move from 192.56 - 205.10
  • #72,696
  • Apr 10, 2008 8:14am Apr 10, 2008 8:14am
I am in bear camp too, and closed my 2 long positions, one at 199.00, the other at 199.30. I think we may see ~199.7 later today, which is the average of daily S1 and S2.

==
actually 199.65 already.

Quoting johnchia
i am in bear camp still, as in chart this channel play out quite well for me. had a sell limit at 199 sl 199.8 TP 197.8
  • #72,697
  • Apr 10, 2008 8:18am Apr 10, 2008 8:18am
Quoting dogberry
I am in bear camp too, and closed my 2 long positions, one at 199.00, the other at 199.30. I think we may see ~199.7 later today, which is the average of daily S1 and S2.
oh uh.... not looking good .. UJ n GU both rising.. btw any1 here trade EJ ? any comment on EJ ?
Sometimes in order to see the light, you have to risk the dark
  • #72,698
  • Apr 10, 2008 8:25am Apr 10, 2008 8:25am
waiting another test on 199.65 if failed will add my short or else stay aside watching
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 22 KB
Sometimes in order to see the light, you have to risk the dark
  • #72,699
  • Apr 10, 2008 8:30am Apr 10, 2008 8:30am
Very tired and sick. Got a really bad cold and need some rest. Made money today. Time to shutdown. See ya
  • #72,700
  • Apr 10, 2008 8:32am Apr 10, 2008 8:32am
Quoting Dmac
Very tired and sick. Got a really bad cold and need some rest. Made money today. Time to shutdown. See ya
Take care bro. hope you will feel beter.
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