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

  • #79,961
  • May 11, 2008 8:23pm May 11, 2008 8:23pm
My 4h chart looks like this........
Attached Image (click to enlarge)
Click to Enlarge Name: 4hs.GIF Size: 14 KB
Patience + Discipline - Greed = Success
  • #79,962
  • May 11, 2008 8:35pm May 11, 2008 8:35pm
im preparing to gl long at the sometime after the next 1hr candel if candle closes above 1hr gann. it seems we are in ovr over sold waters
  • #79,963
  • May 11, 2008 8:48pm May 11, 2008 8:48pm
Quoting Que
As much as I want GU to go down to help my GJ trade, I am not sure it's going to happen.

We are sitting on a strong PPZ and Friday pinned off of this PPZ. It is looking like a northbound trade. I hope I am reading this wrong, but north would be my bet.
You may be right for today, but I don't see it going any higher than 1.9750 or so.

Blue lines are W1 TL's and Red are D1 TL's

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 118 KB


Also isn't there some news coming out today for the UK? Anyone know the details about that?
"Keep your eyes on the helpers" - Mr. Rogers
  • #79,964
  • May 11, 2008 8:54pm May 11, 2008 8:54pm
Been a very nice day .. 200 pips movement so far. Is this a sign of the week to come ??? Expect a lot of volatility.
Blogging daily now at www.volume.zone
  • #79,965
  • May 11, 2008 9:03pm May 11, 2008 9:03pm
Quoting ephisi
im preparing to gl long at the sometime after the next 1hr candel if candle closes above 1hr gann. it seems we are in ovr over sold waters
signal confirmed, long at 1hr candle open . SL 100pips TP 100pips
  • #79,966
  • May 11, 2008 9:08pm May 11, 2008 9:08pm
Quoting ephisi
signal confirmed, long at 1hr candle open . SL 100pips TP 100pips
I am waiting for it to break 201.42 and I'll kill my short. Untill then its still a live trade imo.
Que
  • #79,967
  • May 11, 2008 9:09pm May 11, 2008 9:09pm
Quoting ephisi
signal confirmed, long at 1hr candle open . SL 100pips TP 100pips
as expected so far..move SL
  • #79,968
  • May 11, 2008 9:09pm May 11, 2008 9:09pm
Quoting ephisi
signal confirmed, long at 1hr candle open . SL 100pips TP 100pips
Nikkei 225 has parred some of its losses, DOW and S&P futures are all in bullish mode, Good for my longs. next resistace @ 4hr gann/1hr 50ema longterm and shorter term fibs

lets see how it plays out,
  • #79,969
  • May 11, 2008 9:10pm May 11, 2008 9:10pm
00:40 BCC Demands BOE Not Wait To Cut Rates Further - UK Times Sydney, May 12: The British Chamber of Commerce will come out today and say that the UK economic slowdown will be longer than first feared and the BOE should run the risk of higher inflation by cutting rates to underpin growth. The BCC said that the longer the Bank waited before cutting rates again, the greater the economic damage would be. The BCC is forecasting that GDP growth will fall from 3% last year to 1.7 % this year and 1% at the start of next year. Its original GDP forecast for next year had been 2%. [email protected]
Blogging daily now at www.volume.zone
  • #79,970
  • May 11, 2008 9:12pm May 11, 2008 9:12pm
Quoting ephisi
Nikkei 225 has parred some of its losses, DOW and S&P futures are all in bullish mode, Good for my longs. next resistace @ 4hr gann/1hr 50ema longterm and shorter term fibs

lets see how it plays out,
not bullish ephsi just touching on 12770 .... that was the high of that peak Friday before the drop

Right now your trade does look ok but watch fir any sign of reversal. The market is very volatile.

I managed a 60 pip short and now have another 60 pips on a long
Blogging daily now at www.volume.zone
  • #79,971
  • May 11, 2008 9:13pm May 11, 2008 9:13pm
... I hope so .... we'll see ...
  • #79,972
  • May 11, 2008 9:19pm May 11, 2008 9:19pm
This hour will be very telling.

The 15M just pinned off of the southbound trend line.

If the 30M and 1H pin off of it to, I will add to my short position as the daily does show a short.
Que
  • #79,973
  • May 11, 2008 9:21pm May 11, 2008 9:21pm
Quoting malcolmb14
not bullish ephsi just touching on 12770 .... that was the high of that peak Friday before the drop

Right now your trade does look ok but watch fir any sign of reversal. The market is very volatile.

I managed a 60 pip short and now have another 60 pips on a long
Thanks, DOW not bullish accepted, just choice of words. Mised short signal from 201. Neither a bear nor a bull just trade what my system tells me
  • #79,974
  • May 11, 2008 9:22pm May 11, 2008 9:22pm
Quoting malcolmb14
00:40 BCC Demands BOE Not Wait To Cut Rates Further - UK Times Sydney, May 12: The British Chamber of Commerce will come out today and say that the UK economic slowdown will be longer than first feared and the BOE should run the risk of higher inflation by cutting rates to underpin growth. The BCC said that the longer the Bank waited before cutting rates again, the greater the economic damage would be. The BCC is forecasting that GDP growth will fall from 3% last year to 1.7 % this year and 1% at the start of next year. Its original GDP forecast for next year had been 2%. [email protected]
USD is starting to look good

Hopefully there is no dibolical maniac in Germany known as hitler this time
"Keep your eyes on the helpers" - Mr. Rogers
  • #79,975
  • May 11, 2008 9:22pm May 11, 2008 9:22pm
1h 50ema looks good at 202.20. Stochastics indicate more upside is there. A break and close above 201.42 will further validate this.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1hm5.GIF Size: 18 KB
Patience + Discipline - Greed = Success
  • #79,976
  • May 11, 2008 9:22pm May 11, 2008 9:22pm
Forgot the pics....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15m 4-11-08.gif Size: 32 KB
Click to Enlarge Name: 30m 4-11-08.gif Size: 32 KB
Click to Enlarge Name: 60m 4-11-08.gif Size: 33 KB
Que
  • #79,977
  • May 11, 2008 9:23pm May 11, 2008 9:23pm
Quoting malcolmb14
not bullish ephsi just touching on 12770 .... that was the high of that peak Friday before the drop

Right now your trade does look ok but watch fir any sign of reversal. The market is very volatile.

I managed a 60 pip short and now have another 60 pips on a long
is your long trade still open?
  • #79,978
  • May 11, 2008 9:30pm May 11, 2008 9:30pm
Quoting Que
This hour will be very telling.

The 15M just pinned off of the southbound trend line.

If the 30M and 1H pin off of it to, I will add to my short position as the daily does show a short.
closed long also .. now have sell trigger on 5 min
Blogging daily now at www.volume.zone
  • #79,979
  • May 11, 2008 9:34pm May 11, 2008 9:34pm
It is approaching daily 5 sma. If it can stop it, would be a good level to short. Otherwise, weekly 5 sma shall come to play before a massive down ..imo. In the mean time, it's risky to short before the bullish divergence works its way out yet..imo ..again.

Earlier post: http://www.forexfactory.com/showpost...ostcount=79960
  • #79,980
  • May 11, 2008 9:36pm May 11, 2008 9:36pm
Quoting mktjong
It is approaching daily 5 sma. If it can stop it, would be a good level to short. Otherwise, weekly 5 sma shall come to play before a massive down ..imo. In the mean time, it's risky to short before the bullish divergence works its way out yet..imo ..again.

Earlier post: http://www.forexfactory.com/showpost...ostcount=79960
I agree
Patience + Discipline - Greed = Success
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