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

  • #75,021
  • Apr 23, 2008 9:37pm Apr 23, 2008 9:37pm
Just woke up, pounds pushing the top trend but still within it, where are the Russians?!
Money & Pain Respect the market, protect your capital, be patient
  • #75,022
  • Apr 23, 2008 9:43pm Apr 23, 2008 9:43pm
Quoting toyboy tramp
Just woke up, pounds pushing the top trend but still within it, where are the Russians?!
Drunk off vodka
  • #75,023
  • Apr 23, 2008 9:45pm Apr 23, 2008 9:45pm
Quoting GodfreyH
Yes your figures are correct for InterbankFX. I use both InterbankFX and FXDD.

Because FXDD doesn't include Sunday (2hrs) as a day, I think that their momentum readings are more accurate.
I agree, above daily 5SMA @ 205.40 area and price could reach 206.56 1st target which is upper mom channel, 207.71/208 area. . .
Daily mom looks bullish. . .
  • #75,024
  • Apr 23, 2008 9:55pm Apr 23, 2008 9:55pm
i dont know where ask this question, but i thought here would be appropriate, the banks are the ones setting the rates, are they using TA, and charts to decide their rates?
  • #75,025
  • Apr 23, 2008 10:03pm Apr 23, 2008 10:03pm
202
Attached Image
Money & Pain Respect the market, protect your capital, be patient
  • #75,026
  • Apr 23, 2008 11:10pm Apr 23, 2008 11:10pm
Quoting GodfreyH
Yes your figures are correct for InterbankFX. I use both InterbankFX and FXDD.

Because FXDD doesn't include Sunday (2hrs) as a day, I think that their momentum readings are more accurate.
Thanks for looking into it for me. Appreciate it. Amazing what the 2hr can do.
  • #75,027
  • Apr 23, 2008 11:28pm Apr 23, 2008 11:28pm
Quoting toyboy tramp
202
The BIG shots trying to kick off those who are short on g/j.. price would move upside until small players hit SL then it falls to your target..
  • #75,028
  • Apr 23, 2008 11:29pm Apr 23, 2008 11:29pm
Quoting jarroo
Looks like the shorts may need a stitch or two.

Looking to see if these 4 hour IBs are worthy of a bullish run.

Enter a small long at 205.22

Jaroo, remember you talked about a hard and fast break, y are u long at 205.20

IMO there are to many inside bars on d 4 hr chart, for that reason i would concentrate on d daily inside bar which encloses most of the 4hr inside bars.

Also we are in a nicely defined triangle on 4hr TF.

we may not see a breakout till aftr d GBP retail sales figurs.

price is news news is price. im on sidelined till a breakout after news.

Also the German ifo business sentiment is bound to affect thr GJ
  • #75,029
  • Apr 23, 2008 11:30pm Apr 23, 2008 11:30pm
Hi bulls, hi bears
  • #75,030
  • Apr 23, 2008 11:36pm Apr 23, 2008 11:36pm
Quoting ephisi

price is news news is price. im on sidelined till a breakout after news.

Also the German ifo business sentiment is bound to affect thr GJ

When you say after news do you wait until first retrace? or immediately after hearing it?
  • #75,031
  • Apr 23, 2008 11:45pm Apr 23, 2008 11:45pm
[quote=alearner;1967318]When you say after news do you wait until first retrace? or immediately after hearing it?[/quo

when trading news, u can never catch the move immediately you hear the news, so if ure trading after d news its better to wait for a retrace, but u musnt just take the break, make sure your signals give u d green light.

On d other hand there is sometin called prenews trades which i do. i place trades 5mins b4 d news depending on PA and prenews setup. my aim is to catch d spike immediately news is realesd.

Based on experience i concluded that some major players have access to d news b4 its relleased, if u train ur eye you can learn to choose d right direction b4 news. i close these trades immediately i get RR of 1:1 and above with SL of 20-25pips. its all about MM
  • #75,032
  • Apr 23, 2008 11:50pm Apr 23, 2008 11:50pm
Quoting Srikanth
The BIG shots trying to kick off those who are short on g/j.. price would move upside until small players hit SL then it falls to your target..
my indicators are not confirmed whether to be downtrend or uptrend..

are u closing ur short at 204.60? any chance for GJ to reach 202 area?
  • #75,033
  • Apr 23, 2008 11:50pm Apr 23, 2008 11:50pm
Quoting naatha
It seems Russians Bears have drunked too much German bear today.
http://vasilius.com/music/mp3/hava_nagila/
i only heard of franfurt, london, Newyork and asia/ tokyo. when does russia come in est time?
  • #75,034
  • Apr 23, 2008 11:52pm Apr 23, 2008 11:52pm
Quoting naatha
It seems Russians Bears have drunked too much German bear today.
http://vasilius.com/music/mp3/hava_nagila/
What do u mean by that? Are u saying that yr chart is bullish, I can't tell by looking at it?
  • #75,035
  • Apr 23, 2008 11:54pm Apr 23, 2008 11:54pm
Quoting dopod
my indicators are not confirmed whether to be downtrend or uptrend..

are u closing ur short at 204.60? any chance for GJ to reach 202 area?
I opened one short last night @ 204.60 and still holding it...looking forward to open few more shorts after confirmation..remember i don't use stop loss.. may short again @ 205.50-206

i'm sure price will fall to 202 area... let' see
  • #75,036
  • Apr 23, 2008 11:56pm Apr 23, 2008 11:56pm
Quoting Srikanth
I opened one short last night @ 204.60 and still holding it...looking forward to open few more shorts after confirmation..remember i don't use stop loss.. may short again @ 205.50-206

i'm sure price will fall to 202 area... let' see
What makes u so sure, if u don't mind me asking?
  • #75,037
  • Apr 23, 2008 11:58pm Apr 23, 2008 11:58pm
Quoting quecee5
What do u mean by that? Are u saying that yr chart is bullish, I can't tell by looking at it?
-----
Sorry, - it turns around the 204.95 only, but moms are bullish.
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  • #75,038
  • Apr 23, 2008 11:59pm Apr 23, 2008 11:59pm
From what I'm seeing, there looks to be US buying and GJ price looks like it's gaining mom to break to the upside - JMHO. . .
  • #75,039
  • Apr 24, 2008 12:00am Apr 24, 2008 12:00am
.remember i don't use stop loss..




Morning quecce, what are your projections for today?

Sharoodi, morning, anything from your MOM crystal ball
  • #75,040
  • Apr 24, 2008 12:06am Apr 24, 2008 12:06am
Quoting quecee5
From what I'm seeing, there looks to be US buying and GJ price looks like it's gaining mom to break to the upside - JMHO. . .
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break the triangle to the upside
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