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

  • #76,881
  • Apr 30, 2008 8:23am Apr 30, 2008 8:23am
Quoting pkimnyc
Even if the FED cut the rate to .25 bpt?
Yes, the 25 bps cut is already priced in. The big boys look on the statement that comes out with it. Smart money (those big boys) always trade what is gonna happen in the future not present.
  • #76,882
  • Apr 30, 2008 8:24am Apr 30, 2008 8:24am
I sat this one out sadly
  • #76,883
  • Apr 30, 2008 8:24am Apr 30, 2008 8:24am
Quoting quecee5
With GJ, I'll trade it later today when it pulls back to test upper support. . . That's when we'll know that the uptrend is real. . . I'm thinking 205.63 or 206.09 area for a pull back. . . Also, it looks to me that GBP is being bought pushing GJ up right now. . . As for the weekly chart, I think that it is real but it could take weeks to play out and we could still see some downside and the chart remains the same. . .

Still flat GJ as it continue rise like crazy. . .

Flat - Yes I think I see it - What do you think looking at my 15 mins and Daily? MACD, Z Stochs etc are showing Bearish Divergence? Price is artifical and going to drop? I may place a SMALL trade (can't help myself) to go Short if we get to 208.50-90 levels after the news..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp jpy 15min.gif Size: 30 KB
Click to Enlarge Name: gbp jpy daily.gif Size: 34 KB
  • #76,884
  • Apr 30, 2008 8:29am Apr 30, 2008 8:29am
It is at hourly resistance now. It may pull back a bit from here (hourly 5 sma ?) .. :
  • #76,885
  • Apr 30, 2008 8:29am Apr 30, 2008 8:29am
Quoting mktjong
Yes, the 25 bps cut is already priced in. The big boys look on the statement that comes out with it. Smart money (those big boys) always trade what is gonna happen in the future not present.
Thanks MJ.
  • #76,886
  • Apr 30, 2008 8:32am Apr 30, 2008 8:32am
Quoting shakesfx
Flat - Yes I think I see it - What do you think looking at my 15 mins and Daily? MACD, Z Stochs etc are showing Bearish Divergence? Price is artifical and going to drop? I may place a SMALL trade (can't help myself) to go Short if we get to 208.50-90 levels after the news..
if you are expecting GJ to drop down, it should not go above yesterday's high. Because that will give it more fuel to go up I believe.
  • #76,887
  • Apr 30, 2008 8:34am Apr 30, 2008 8:34am
Quoting sarama001
if you are expecting GJ to drop down, it should not go above yesterday's high. Because that will give it more fuel to go up I believe.
It shouldn't but it can from my very humble experience.
Humble Lifetime Member
  • #76,888
  • Apr 30, 2008 8:39am Apr 30, 2008 8:39am
Quoting ephisi
lilmoe. Making pips?

oh yea,
was long since 205.15 on GJ
long 1.9720 GU
  • #76,889
  • Apr 30, 2008 8:39am Apr 30, 2008 8:39am
Quoting sarama001
if you are expecting GJ to drop down, it should not go above yesterday's high. Because that will give it more fuel to go up I believe.
I think they will take it North to a new high first before/during/just after/ the News, fool everyone into thinking "Bull Run", capture the market and then offload at a good price...just a guess...
  • #76,890
  • Apr 30, 2008 8:39am Apr 30, 2008 8:39am
78.6% retracement completed from yesterday's fall
Trade what you see, not what you think.
  • #76,891
  • Apr 30, 2008 8:40am Apr 30, 2008 8:40am
Quoting kstorm88
thanks! i thought i was invisible for a second there! haha!

i'm still kind of a n00b to forex, so i don't know what i'm really doing yet. but i have done alot of reading.

that's where it starts big guy (Reading)

how long have u been trading?
  • #76,892
  • Apr 30, 2008 8:40am Apr 30, 2008 8:40am
Quoting shakesfx
Flat - Yes I think I see it - What do you think looking at my 15 mins and Daily? MACD, Z Stochs etc are showing Bearish Divergence? Price is artifical and going to drop? I may place a SMALL trade (can't help myself) to go Short if we get to 208.50-90 levels after the news..
Yeah, I said yesterday the 1hr/4hr looked like an up move but daily is screaming something else. . . So I'm thinking, after this move we will see it move down some, not sure how much but it will go south a bit based on the daily. . .
  • #76,893
  • Apr 30, 2008 8:41am Apr 30, 2008 8:41am
Quoting Ash
It shouldn't but it can from my very humble experience.
the only reason this pair goes up or down is because it wants to do better than last time...find the last time of this game and you will know where it is heading
Imanuel Parsifal
  • #76,894
  • Apr 30, 2008 8:43am Apr 30, 2008 8:43am
Quoting karmostaji
78.6% retracement completed from yesterday's fall
iam waiting 30m bar maybe probably i 'll go short..
  • #76,895
  • Apr 30, 2008 8:44am Apr 30, 2008 8:44am
Quoting karmostaji
78.6% retracement completed from yesterday's fall
It's possible that we see %88.6 (208.00) before moving down ...

Edit : In my experience, a 76.4 - 88.6 fib retrace is the sign of very serious reversal.
Discipline + Patience - Fear - Greed = Success
  • #76,896
  • Apr 30, 2008 8:46am Apr 30, 2008 8:46am
yup
closed a long at 100pips, and now the other at 200pips
come on 300pips aint bad

welcome back though, how was the vacation?


Quoting karmostaji
78.6% retracement completed from yesterday's fall
  • #76,897
  • Apr 30, 2008 8:47am Apr 30, 2008 8:47am

Quoting karmostaji
78.6% retracement completed from yesterday's fall

  • #76,898
  • Apr 30, 2008 8:47am Apr 30, 2008 8:47am
U.S. Fed expected to cut rates by 25 basis points - Goldman Sachs

Dollar Heads for Monthly Gain Against Euro on View Fed to Pause - Bloomberg


Two information ....and us to decide...
  • #76,899
  • Apr 30, 2008 8:52am Apr 30, 2008 8:52am
Quoting quecee5
Yeah, I said yesterday the 1hr/4hr looked like an up move but daily is screaming something else. . . So I'm thinking, after this move we will see it move down some, not sure how much but it will go south a bit based on the daily. . .
Is this what you're seeing on the Daily? Price Action def. looks a bit dodgey doesn't it?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy daily.gif Size: 32 KB
  • #76,900
  • Apr 30, 2008 8:53am Apr 30, 2008 8:53am
Morning everyone. Come on 211
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