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

  • #80,581
  • May 13, 2008 11:03am May 13, 2008 11:03am
GU has finished it's downtrend and starting to retrace up ...
UJ seems to be stalling ...

Result : GJ is going to start it's uptrend, rising at least up to 204.75 which is the H1 uptrend channel's line and daily R1

Just my view
Discipline + Patience - Fear - Greed = Success
  • #80,582
  • May 13, 2008 11:07am May 13, 2008 11:07am
Quoting kotaro-san
oh my. it shoots up
See.. I told you
Just closed long for another 50 pips
It will be nice if this cycle keeps repeating itself .. hehe (better sideline now)
  • #80,583
  • May 13, 2008 11:07am May 13, 2008 11:07am
it will need to break through the monthly central pivot at about 204.09. It tried a few hours ago but was quickly and decively rejected from that point.
  • #80,584
  • May 13, 2008 11:08am May 13, 2008 11:08am
lilmoe make sure you don't apply your slapping technique this time till it reach 213-214
  • #80,585
  • May 13, 2008 11:09am May 13, 2008 11:09am
Quoting Infinity
This was a bounce off the 1h 200ema and I think we will have a bounce up from the 1h 100sma or 50ema in the 202.6-8 area. I will wait and see how price reacts in this area....but I am thinking long...
Worked out nicely indeed


Too bad I was'nt paying attention to this pair.
Patience + Discipline - Greed = Success
  • #80,586
  • May 13, 2008 11:09am May 13, 2008 11:09am
-my opinion-

how i came up with the short.
and it just reverse suddenly

so now i think its bullish - i wil try to buy when price re-hit 203.3 or few pips above it

http://img152.imageshack.us/img152/3038/mysp6.png
  • #80,587
  • May 13, 2008 11:09am May 13, 2008 11:09am
Quoting PandoraBox
lilmoe make sure you don't apply your slapping technique this time till it reach 213-214

hehehe, it's all good bro
  • #80,588
  • May 13, 2008 11:10am May 13, 2008 11:10am
I think GJ stopped listening to UJ, and rather listen to EJ.
  • #80,589
  • May 13, 2008 11:16am May 13, 2008 11:16am
Quoting mktjong
See.. I told you
Just closed long for another 50 pips
It will be nice if this cycle keeps repeating itself .. hehe (better sideline now)
ok i know well GJ patterns. that was sudden reverse and it will retrace a bit to flush out sellers like me.

we're all making money
  • #80,590
  • May 13, 2008 11:18am May 13, 2008 11:18am
Quoting kotaro-san
ok i know well GJ patterns. that was sudden reverse and it will retrace a bit to flush out sellers like me.

we're all making money

added another short at 203.60
  • #80,591
  • May 13, 2008 11:19am May 13, 2008 11:19am
Quoting Clouds
I think GJ stopped listening to UJ, and rather listen to EJ.
Hi Clouds

No disrespect but i hope you are joking with this comment. As anyone with enough experience to be justified trading this pair knows GJ IS UJ x GU

The only correlation that G/J has with E/J is that both rely on UJ as a component; and if you want to be nit picky both E/U and G/U are reliant on US strength/weakness and are similar to an extent (which can be negated by the potentially very different strength of the relevant counter currency).

Looking at EJ for a lead on GJ is like trying to snipe a target 4 miles away with a bebe gun...you may get lucky but its not going to happen because of any skill or analysis.

Just wanted to make sure noone labours under a miscomprehension.
Lemming Forex! The Way to Trade....
  • #80,592
  • May 13, 2008 11:20am May 13, 2008 11:20am
Quoting lilmoe
added another short at 203.60
bearish ship just sink.. lets jump and take another ship
  • #80,593
  • May 13, 2008 11:21am May 13, 2008 11:21am
Quoting lilmoe
added another short at 203.60
I may consider shorting after the bell. You sure love shorts. I wish I had shorted with you at 209.
  • #80,594
  • May 13, 2008 11:21am May 13, 2008 11:21am
Quoting lilmoe
added another short at 203.60
careful with this one......yen and cable moving same direction.
Patience + Discipline - Greed = Success
  • #80,595
  • May 13, 2008 11:22am May 13, 2008 11:22am
Quoting lilmoe
added another short at 203.60
Wish you well bro .. just be careful. I see today, the Dow has a tendency to pull up in the last few hours. If it closes positive, Geppy may rocket up to 207 area .. really.. by tomorrow.
  • #80,596
  • May 13, 2008 11:24am May 13, 2008 11:24am
I think the chart is screaming itself what is going to happen ...

Edit : A candle close above 200 EMA H1 chart means good bye to to bears and hello to 208+ again.
Attached Image (click to enlarge)
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Discipline + Patience - Fear - Greed = Success
  • #80,597
  • May 13, 2008 11:24am May 13, 2008 11:24am
still preferring long post as QQE still going up at 4H. I dun know u guys
  • #80,598
  • May 13, 2008 11:26am May 13, 2008 11:26am
Look at Eur/JPY and Cad/JPy they are STRong, so . . should bring up all crosses, GJ too. Careful shorts.
  • #80,599
  • May 13, 2008 11:28am May 13, 2008 11:28am
Quoting Clouds
Look at Eur/JPY and Cad/JPy they are STRong, so . . should bring up all crosses, GJ too. Careful shorts.
i would think 204.50 and 205.50 as critical point to further upward
  • #80,600
  • May 13, 2008 11:30am May 13, 2008 11:30am
Quoting mktjong
Wish you well bro .. just be careful. I see today, the Dow has a tendency to pull up in the last few hours. If it closes positive, Geppy may rocket up to 207 area .. really.. by tomorrow.

it's all good bro, my risk is what i made today.
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