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

  • #72,741
  • Apr 10, 2008 11:51am Apr 10, 2008 11:51am
Where is Q when you need him
  • #72,742
  • Apr 10, 2008 11:54am Apr 10, 2008 11:54am
Quoting DutchTrader
I have no idea what that means. Is it bullish, or bearish?
this is an inveretd cup and handle on the 4 hour chart . The way they are suppaosed to play out is that the handle fprms a retracement or bear flag. If the handle is broken to the downside it would indicater a continuation of the downtrend

I think we go to 201.65 (50% fib) and then maybe drop from there

Attached Image (click to enlarge)
Click to Enlarge Name: gj51.png Size: 145 KB
Blogging daily now at www.volume.zone
  • #72,743
  • Apr 10, 2008 11:55am Apr 10, 2008 11:55am
Quoting DutchTrader
Not fooled, you're a gunslinger trading the YM. I just use it for correlation to the carry.

watch that double top on 5 min with bearish div on Ym / dj

short of 12640 ym
Blogging daily now at www.volume.zone
  • #72,744
  • Apr 10, 2008 11:57am Apr 10, 2008 11:57am
Quoting malcolmb14
watch that double top on 5 min with bearish div on Ym / dj

short of 12640 ym
I see you!! UJ already dropped 25 pips in correlation.
Patience + Humility + Study = Success
  • #72,745
  • Apr 10, 2008 11:59am Apr 10, 2008 11:59am
Hmm..looks like correlation between DOW and GJ is getting disconnected again.
  • #72,746
  • Apr 10, 2008 12:03pm Apr 10, 2008 12:03pm
Quoting malcolmb14
this is an inveretd cup and handle on the 4 hour chart . The way they are suppaosed to play out is that the handle fprms a retracement or bear flag. If the handle is broken to the downside it would indicater a continuation of the downtrend

I think we go to 201.65 (50% fib) and then maybe drop from there

Attachment
im not sure that we will go below 199 tomorrow/on next week
  • #72,747
  • Apr 10, 2008 12:13pm Apr 10, 2008 12:13pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
DT
you listening to Berni

what the hell is he saying - please translate into english

goo or bad for dollar.
  • #72,748
  • Apr 10, 2008 12:15pm Apr 10, 2008 12:15pm
Quoting MPP
DT
you listening to Berni

what the hell is he saying - please translate into english

goo or bad for dollar.
So far he's jabbering, stability, blah blah blah, mortgage oversight, yada yada ya, economy slowing blah blah...

Dow still holding strong, dollar steady so for now Bern's good for the Dollar
Patience + Humility + Study = Success
  • #72,749
  • Apr 10, 2008 12:18pm Apr 10, 2008 12:18pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
So far he's jabbering, stability, blah blah blah, mortgage oversight, yada yada ya, economy slowing blah blah...

Dow still holding strong
i'm listening, but all i'm hearing is blah blah blah - i'm avoiding the real news until the last minute as i need to exit the building before the US sinks.
  • #72,750
  • Apr 10, 2008 12:18pm Apr 10, 2008 12:18pm
I'm in short at 201.2.

I hate to go against the momentum but I'm seeing a reversal in the making based on R and Fib levels.
  • #72,751
  • Apr 10, 2008 12:18pm Apr 10, 2008 12:18pm
Quoting MPP
i'm listening, but all i'm hearing is blah blah blah - i'm avoiding the real news until the last minute as i need to exit the building before the US sinks.
Patience + Humility + Study = Success
  • #72,752
  • Apr 10, 2008 12:20pm Apr 10, 2008 12:20pm
Quoting Jerry
im not sure that we will go below 199 tomorrow/on next week

anything could happen in a week.

Earnings season is happening right now and the market will be very volatile as shown today.

I am not married to gj one way or other as io typically only trade it for 4 hours a day and hope to get my 50 -150 pips
Blogging daily now at www.volume.zone
  • #72,753
  • Apr 10, 2008 12:22pm Apr 10, 2008 12:22pm
Quoting dogberry
there WAS a 25 point rate cut!!!
Oh yes you are right mate. I erred looking just at forecast and actual and I thought it is previous rate. The market was moving quickly and I made a mistake by not looking carefully to those numbers ... thanks for reminding dogberry.

Though this 201.10 hits my long position's target from 199.72 with some green pips which was already over 160 pips in red so I think I'm done for today ...

Price is touching H4 GannHiLo right now, we should wait for a retrace and then it might be time to add another long ... I don't know but I'm getting out of market for some rest and enjoying the night ... that is enough for today .

I hope you all made green pips today ... good day to you all ... I'll see you tomorrow.
Discipline + Patience - Fear - Greed = Success
  • #72,754
  • Apr 10, 2008 12:24pm Apr 10, 2008 12:24pm
Quoting bigcoupe
I'm in short at 201.2.

I hate to go against the momentum but I'm seeing a reversal in the making based on R and Fib levels.
60 min setting up on doji and inside bar of sorts right on 60 min 50 sma .. supports your momentum to downside
Blogging daily now at www.volume.zone
  • #72,755
  • Apr 10, 2008 12:32pm Apr 10, 2008 12:32pm
Quoting arezab
Oh yes you are right mate. I erred looking just at forecast and actual and I thought it is previous rate. The market was moving quickly and I made a mistake by not looking carefully to those numbers ... thanks for reminding dogberry.

Though this 201.10 hits my long position's target from 199.72 with some green pips which was already over 160 pips in red so I think I'm done for today ...

Price is touching H4 GannHiLo right now, we should wait for a retrace and then it might be time to add another long ... I don't know but I'm getting out of market for some rest and enjoying the night ... that is enough for today .

I hope you all made green pips today ... good day to you all ... I'll see you tomorrow.
Great Job, arezab
See ya
  • #72,756
  • Apr 10, 2008 12:54pm Apr 10, 2008 12:54pm
GJ should give a good short from 201.04 to 200.08

Kindly verify this trade and let me know.
  • #72,757
  • Apr 10, 2008 12:56pm Apr 10, 2008 12:56pm
Quoting malcolmb14
anything could happen in a week.

Earnings season is happening right now and the market will be very volatile as shown today.

I am not married to gj one way or other as io typically only trade it for 4 hours a day and hope to get my 50 -150 pips
ohhh so you do 4 hour stands with gj ? not married ?
  • #72,758
  • Apr 10, 2008 12:56pm Apr 10, 2008 12:56pm
Quoting Jerry
got some profit today
UJ 100.36 - 101.38
& GJ 198.97 - 200.55
not bad i think

good job
Blogging daily now at www.volume.zone
  • #72,759
  • Apr 10, 2008 1:09pm Apr 10, 2008 1:09pm
Quoting malcolmb14
good job
not bad, but i closed it brr..little bit early, have to learn target level, and more patience
without karno, no patience..
  • #72,760
  • Apr 10, 2008 1:22pm Apr 10, 2008 1:22pm
Quoting forexlion
ohhh so you do 4 hour stands with gj ? not married ?

I go head to head and nose to nose with gj between 4 am and 8 am pacific standard time. This is the euro / us overlap , my target per day trading off a 3 and 5 min chart is 30 - 50 pips average , some days I make more , some days I lose some. Hopefully the average is 30-50 pips.

I do not like spending more time in the market than i have to , sometimes if the 1st trade of the day gives me my target of 30 - 50 pips i stop trading for the day. hence today i missed the big move up as i had already got three profitable trades for the day and decided not to over trade and count my blessings that i had pips in the bank.

If you trade with 1 % of your account and get 50 pips per day you can grow your acocunt by 10 % per month. I would say that is pretty good going.

I do not like taking trades outside of my trading system and if i do not like market conditions on any trading day will sit on the sidelines and only trade futures.
Blogging daily now at www.volume.zone
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