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

  • #73,281
  • Apr 15, 2008 12:51pm Apr 15, 2008 12:51pm
do we ever break that trendline or keep scalping on daily pivots
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Click to Enlarge Name: gj.gif Size: 17 KB
  • #73,282
  • Apr 15, 2008 12:54pm Apr 15, 2008 12:54pm
Quoting DutchTrader
1.9615 DNT option is keeping the GU afloat.
DT, take another long hard look at GU when you get a chance, specifically a daily chart. Let me know what u see. . .
  • #73,283
  • Apr 15, 2008 12:54pm Apr 15, 2008 12:54pm
Quoting lilmoe
ummm, guys

i really wouldn't call a "61.8 fibo retracement" a "bullish sign"...
Okay, its going up. That better?
Patience + Humility + Study = Success
  • #73,284
  • Apr 15, 2008 12:58pm Apr 15, 2008 12:58pm
Quoting quecee5
DT, take another long hard look at GU when you get a chance, specifically a daily chart. Let me know what u see. . .
Trendline at 1.9549
Patience + Humility + Study = Success
  • #73,285
  • Apr 15, 2008 1:04pm Apr 15, 2008 1:04pm
Quoting karmostaji
sell rallies, trend is down
karmo waiting to sell around 199.85 area , I love money
Trade what you see, not what you think.
  • #73,286
  • Apr 15, 2008 1:07pm Apr 15, 2008 1:07pm
Quoting karmostaji
karmo waiting to sell around 199.85 area , I love money

Karmo .... 199.5 is monthly pivot ... we break that we are breaking a down channel also , be careful on selling so close above the pivot.

Just a heads up ....
Blogging daily now at www.volume.zone
  • #73,287
  • Apr 15, 2008 1:08pm Apr 15, 2008 1:08pm
whats everyones targets from 199.85? Tp 198.6 for me
  • #73,288
  • Apr 15, 2008 1:09pm Apr 15, 2008 1:09pm
Quoting karmostaji
karmo waiting to sell around 199.85 area , I love money
i would add more shorts if 78.6 fibo was reached
  • #73,289
  • Apr 15, 2008 1:12pm Apr 15, 2008 1:12pm
Quoting Genics
whats everyones targets from 199.85? Tp 198.6 for me
You all ignoring something major ,,, what is this 199.85

Both daily and monthly pivots at 199.5.if it gets to 199.85 these will both become support.
Blogging daily now at www.volume.zone
  • #73,290
  • Apr 15, 2008 1:14pm Apr 15, 2008 1:14pm
Quoting lilmoe
i would add more shorts if 78.6 fibo was reached
Trade what you see, not what you think.
  • #73,291
  • Apr 15, 2008 1:16pm Apr 15, 2008 1:16pm
Quoting malcolmb14
Karmo .... 199.5 is monthly pivot ... we break that we are breaking a down channel also , be careful on selling so close above the pivot.

Just a heads up ....
malcolmb14 .... 200.40 is weekly pivot and close to a TL and 4H 50ema , be careful on buying so close below the pivot.

Just a heads up ....
Trade what you see, not what you think.
  • #73,292
  • Apr 15, 2008 1:17pm Apr 15, 2008 1:17pm
Quoting karmostaji
which one wins Monthly pivot at 199.58 or a fib on a 60 min chart ???

mmmmm

i am short off 199.60

stop 35 pips
Blogging daily now at www.volume.zone
  • #73,293
  • Apr 15, 2008 1:18pm Apr 15, 2008 1:18pm
I'm short from 199.44 TP 197.50
  • #73,294
  • Apr 15, 2008 1:20pm Apr 15, 2008 1:20pm
Quoting malcolmb14
waiting for sell trigger 199.15 to be filled with down side target 198.6
Enjoy the postings everyone-very informative!
Question Malcolm: 1) would your short entry be a straight break below 199.15 or wait for close below on a specific TF?
2) Do you feel at this time of day there is enough momentum to carry down much under 199?
IMO if next 60 mn candle closes above 199.70 could see her take it up 70-100 pts. Plenty of upward room on stochs, close above 50 ema etc.
Hope is not a trading strategy
  • #73,295
  • Apr 15, 2008 1:22pm Apr 15, 2008 1:22pm
Quoting malcolmb14
waiting for sell trigger 199.15 to be filled with down side target 198.6

Karmo .. did I say anything about going long ?

all i was doing was giving you the heads up about the monthly pivot as you seemed not to have seen it .. that is all . Thanks for the sarcastic response .

I am short off Montly pivot at 199.54 entry
Blogging daily now at www.volume.zone
  • #73,296
  • Apr 15, 2008 1:25pm Apr 15, 2008 1:25pm
i see while i was busy writing everybody went short so i guess disregard the question about the 199.15 short entry...
Hope is not a trading strategy
  • #73,297
  • Apr 15, 2008 1:26pm Apr 15, 2008 1:26pm
the 4 hour trendline was rejected so its down back to 198.64 / 74 area
  • #73,298
  • Apr 15, 2008 1:29pm Apr 15, 2008 1:29pm
Quoting cliffhanger
Enjoy the postings everyone-very informative!
Question Malcolm: 1) would your short entry be a straight break below 199.15 or wait for close below on a specific TF?
2) Do you feel at this time of day there is enough momentum to carry down much under 199?
IMO if next 60 mn candle closes above 199.70 could see her take it up 70-100 pts. Plenty of upward room on stochs, close above 50 ema etc.
sell trigger was 199.39 , entry 15 pips lower , I called it 199.15, But as we kept banging on the Monthly pivot ( which is also the daily pivot today) i took the sell early

There could be a sell off into close of ym as it seems to be flirting with a 61.8% retrace of this mornings move ( however is still above yesterdays close) , with the rapid rsi pointing down , from the overbought zone. this could take gj down into that 198.6 zone quickly once more today .

On the longer term time frames there does seem to be some bullish divergence . The 60 min candles are pivoting arounfd the 50 sma right now and seem unable to find true direction . That 198.6 level has been forming amjor support.

In my mind the markets should have crashed on the PPi news , but becuase of the slew of strong earnings this morning the markets seem to be holding up very well .

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  • #73,299
  • Apr 15, 2008 1:42pm Apr 15, 2008 1:42pm
Malcolm,

Thanks for the reply. I am not as sophisticated in that I do not take stock market close into consideration in my analysis. Perhaps I should.
The thing I see right now is 7 of 10 60 mn candles today are bullish. The bear wicks are not convincing to say the least. I'll sell if it breaks 199 and settle for a smaller scalp 20-30. I already got 21 earlier today.
Hope is not a trading strategy
  • #73,300
  • Apr 15, 2008 1:44pm Apr 15, 2008 1:44pm
Quoting cliffhanger
Malcolm,

Thanks for the reply. I am not as sophisticated in that I do not take stock market close into consideration in my analysis. Perhaps I should.
The thing I see right now is 7 of 10 60 mn candles today are bullish. The bear wicks are not convincing to say the least. I'll sell if it breaks 199 and settle for a smaller scalp 20-30. I already got 21 earlier today.
I am a day trader .. been sketchy today but managed 130 pips
Blogging daily now at www.volume.zone
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