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

  • #80,501
  • May 13, 2008 7:56am May 13, 2008 7:56am
Strange that U.S. news is positive. I sure as hell aint feelin anything positive in the real world. As long as gas prices don't come down, this economy is f***ed. Cost of everything goin up. Necessities,things you need like food and gas. Leaves no room to buy anything else. It's all a bunch of bull. The numbers are what they are because thats what they want them to be so they can rob from traders.
  • #80,502
  • May 13, 2008 7:56am May 13, 2008 7:56am
Quoting Clouds
Not sure if its strange, but can you explain?
The news was good for the dollar, so CHF & UJ went up strongly, whilst € and cable fell a little.

Nett result was GJ up over 100 pips....
Trading Levels with WRBs
  • #80,503
  • May 13, 2008 7:59am May 13, 2008 7:59am
Future Dow breaks the resistance and now becomes a support. If the support holds .. you know where it goes .. yippeee .. again for long ..
Attached Image
  • #80,504
  • May 13, 2008 7:59am May 13, 2008 7:59am
Quoting Islander
The news was good for the dollar, so CHF & UJ went up strongly, whilst € and cable fell a little.

Nett result was GJ up over 100 pips....
Also, NJ & AJ went up, NU & AU didn't go down .. I guess crosses are linked to stock market and that went up, so ... I dont know.
  • #80,505
  • May 13, 2008 7:59am May 13, 2008 7:59am
Quoting Clouds
Not sure if its strange, but can you explain?

yea, DJ was forming an inverse head and shoulders formation, now it's at neckline breaching candle, if this stays this way, our next target for GJ is at around 204.2 where the daily TL is at. if that's breached. say hello to 207... BS if u ask me. looks hard to breach, but who knows.

at any case, if that happens, i'm going back to my other scenario, where i'm buying at the breach of that TL.
  • #80,506
  • May 13, 2008 7:59am May 13, 2008 7:59am
Quoting mktjong
Future Dow breaks the resistance and now becomes a support. If the support holds .. you know where it goes .. yippeee .. again for long ..
  • #80,507
  • May 13, 2008 8:00am May 13, 2008 8:00am
Quoting khaled22
I am close all shorts for yesterday at from 203.49 at 201.70
now i am long @201.60 waiting 204 area
UJ will go 104.40
GU will go to 1.9560 ~1.9600
check your charts well
any comment
i hope every one go longs
now 203.70 must be break to go 204 area
  • #80,508
  • May 13, 2008 8:03am May 13, 2008 8:03am
Quoting mktjong
Future Dow breaks the resistance and now becomes a support. If the support holds .. you know where it goes .. yippeee .. again for long ..

12894 is that neckline i was talking about
  • #80,509
  • May 13, 2008 8:07am May 13, 2008 8:07am
Quoting karmostaji
if price stays above 4h gann and 1h QQE crosses upwards, then say hello to 205
I re-studied my charts after I read this post, closed my short (for a small profit) and went long.

Thanks!

Hazard
  • #80,510
  • May 13, 2008 8:08am May 13, 2008 8:08am
Quoting lilmoe
12894 is that neckline i was talking about
Good eyes lilmoe. But am not sure if it always plays out. Todays everything seems to look positive for Dow to take off .. good economic news from Britain and US, US-bond down hard .. good for dollar and good for UJ.
  • #80,511
  • May 13, 2008 8:09am May 13, 2008 8:09am
Looks like 205.2 might be good to short, if we are in a bullish trend line now.
  • #80,512
  • May 13, 2008 8:16am May 13, 2008 8:16am
Most News related spikes recently in UJ have been followed by a rapid sell off or at least a sell of in next few hours.( indicated by arrows). Will need to see what happens this time around and if sell off is in order shortly.

i have a sell limit at the daily R1.

Grr.. unable to load picture now.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 25 KB
  • #80,513
  • May 13, 2008 8:17am May 13, 2008 8:17am
It's intermission ~ Going out for coffee
  • #80,514
  • May 13, 2008 8:18am May 13, 2008 8:18am
Quoting lilmoe
12894 is that neckline i was talking about
Quoting mktjong
Good eyes lilmoe. But am not sure if it always plays out. Todays everything seems to look positive for Dow to take off .. good economic news from Britain and US, US-bond down hard .. good for dollar and good for UJ.
It is always better to have a protective profit stop (BE or +5 pips) now if still have long position.
  • #80,515
  • May 13, 2008 8:20am May 13, 2008 8:20am
Quoting mktjong
Good eyes lilmoe. But am not sure if it always plays out. Todays everything seems to look positive for Dow to take off .. good economic news from Britain and US, US-bond down hard .. good for dollar and good for UJ.

yea, but news may just cause spikes. we need to maintain this level before i enter any long trades. scary at the moment if u as me. i guess this is where it should start to consolidate. as i say this, DJ is falling bellow that level, it's in confluence with another TL. however, there was false breach of another daily TL at the bottom and DJ shot up at the retest of that TL.

here's a chart. again, we have to maintain that level before we see any other significant move on GJ or UJ. also if we get an h4 to close above 203.71 that that would definitely form a trend continuation pattern, with the last down movement on GJ a bullish flag.

Attached Image (click to enlarge)
Click to Enlarge Name: dj_h4.gif Size: 31 KB
  • #80,516
  • May 13, 2008 8:23am May 13, 2008 8:23am
Quoting mktjong
It is always better to have a protective profit stop (BE or +5 pips) now if still have long position.

i mentioned something about trend continuation patterns yesturday. the last bullish movement was around 400 pips. this could shoot up another 400 or so pips making the real target around 204.5 - 205xx

i am waiting on another good entry... BUT i will close some at the TL around 204.2
  • #80,517
  • May 13, 2008 8:25am May 13, 2008 8:25am
Daily chart looks clear to 209 , then short. Then do it again...
  • #80,518
  • Edited 8:37am May 13, 2008 8:35am | Edited 8:37am
Quoting Clouds
Daily chart looks clear to 209 , then short. Then do it again...

short at 203.93, i'm showing that this is where the TL is at on my platform, i have a stop loss of 204.35, i feel like giving away some pips today
  • #80,519
  • May 13, 2008 8:38am May 13, 2008 8:38am
Hmm, strong Block of resistance still..
  • #80,520
  • May 13, 2008 8:39am May 13, 2008 8:39am
Quoting lilmoe
short at 203.93, i'm showing that this is where the TL is at on my platform, i have a stop loss of 204.35, i feel like giving away some pips today

call me crazy i'm short

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