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

  • #81,241
  • May 14, 2008 10:20pm May 14, 2008 10:20pm
GJ below 50 ema now. I am waiting to short it if it falls below 204.00

Quoting Clouds
For what it's worth, Nikkei is positive. Seems like a range 204-205 for the next few hours.
  • #81,242
  • May 14, 2008 10:22pm May 14, 2008 10:22pm
Damn I feel like an idiot. for the past MONTHS I have been watching the Nikkei 225 (globex).

I don't even know what the hell that is, but yes this is the Nikkei 225 (osm).
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Que
  • #81,243
  • May 14, 2008 10:33pm May 14, 2008 10:33pm
Looking at the 30 min chart, we did have a good close back below the 23 inner fib. I'm still short to 203.41. Patience is not my best friend but she'll get there.
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  • #81,244
  • May 14, 2008 10:40pm May 14, 2008 10:40pm
Glance at the Yen Index
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Que
  • #81,245
  • May 14, 2008 10:48pm May 14, 2008 10:48pm
I also wanted to point out the lower highs and lower lows on the chart. She is starting to tip.

As a rule in price action, when ever you have what I call double humps (stop it guys) meaning an up-hump followed by another higher hump the price will in almost all cases come back to break the high of the higher hump. The same is true in down trends with a low hump followed by a lower hump. I hope that makes sense.

This is why head and shoulders, double tops, inverse head and shoulders, and double bottoms are indicative of a reversal; the market in these cases does not have enough power to complete these price runs.
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  • #81,246
  • May 14, 2008 10:56pm May 14, 2008 10:56pm
Good analysis all .. keep it up
But now, I am a bit hesitant to go short as I look at gold chart why is it falling? It should be going up or at least not so bearish to co-relate with bearish Geppy. It is also telling me risk appetite is a bit increasing .. any comment? Thanks.
Attached Image
  • #81,247
  • Edited May 15, 2008 7:21pm May 14, 2008 10:58pm | Edited May 15, 2008 7:21pm
Check this out...two platforms at once. Dealbook360 + MT4. The cool part is that the Dashboard auto hides and always stays on top, with linked charts to the quoteboard, which is located on the Dashboard = Click the Currency you want to view on the quoteboard and the linked chart(little white one) changes to that currency.
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #81,248
  • May 14, 2008 11:13pm May 14, 2008 11:13pm
Quoting mktjong
Good analysis all .. keep it up
But now, I am a bit hesitant to go short as I look at gold chart why is it falling? It should be going up or at least not so bearish to co-relate with bearish Geppy. It is also telling me risk appetite is a bit increasing .. any comment? Thanks.
Not just that but look at the descending triangle on the 15 min ..we may break 860 over night
Blogging daily now at www.volume.zone
  • #81,249
  • May 14, 2008 11:14pm May 14, 2008 11:14pm
HAHAHA,

So there is a 4xMadeEasy comercial on the TV.....

Its so easy a farmer with a 6th grade education is making $30,000 a month. And a guy with 2 missing teeth in mississippi is making $40,000 a month......


I MUST HAVE THIS GREAT SOFTWARE!!!!!

Its also a bargin, $3999.99 reduced from $6000.00 and all I have to do is pay for their monthly data feed $199.99 a month. How can I possibly say no?!?!?!?!
Que
  • #81,250
  • May 14, 2008 11:17pm May 14, 2008 11:17pm
Quoting malcolmb14
Not just that but look at the descending triangle on the 15 min ..we may break 860 over night
So Malcolmb, what is your take on Geppy based on this?
  • #81,251
  • May 14, 2008 11:38pm May 14, 2008 11:38pm
I'm short on gold to 853.48
Just thought I'd throw that out there since you boys were speaking of it.
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  • #81,252
  • May 14, 2008 11:45pm May 14, 2008 11:45pm
Quoting mktjong
So Malcolmb, what is your take on Geppy based on this?
I think more importantly, what is it given the JPY Index shown below. The index mimics the GJ but flipped. With the GU going long we really need the JPY index to break through this resistance and go long as well for GJ to go down.
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Que
  • #81,253
  • May 14, 2008 11:48pm May 14, 2008 11:48pm
Quoting Que
I think more importantly, what is it given the JPY Index shown below. The index mimics the GJ but flipped. With the GU going long we really need the JPY index to break through this resistance and go long as well for GJ to go down.
Ok .. but I see it is facing a lot of resistance going north.
I guess am done for tonite and come back in NY session ..
  • #81,254
  • May 14, 2008 11:52pm May 14, 2008 11:52pm
Quoting mktjong
Ok .. but I see it is facing a lot of resistance going north.
I guess am done for tonite and come back in NY session ..
I set my stop to 30 pips with 2% risk.

I am currently +41 pips, so I may close it the next time I have +45 and call it a trade (+3% is not bad)

Just disapointing, I set this trade up almost 13 hours ago looking at the daily resistance on that EMA62. I was hoping to pick up 90 pips or so. Looks like I have to settle for half.
Que
  • #81,255
  • May 15, 2008 12:07am May 15, 2008 12:07am
wednesday was a shit market, Asia is starting out as a shit market again
  • #81,256
  • May 15, 2008 12:08am May 15, 2008 12:08am
Quoting ephisi
wednesday was a shit market, Asia is starting out as a shit market again
the calm before the explosion into the proverbial 'crapper' ! ;-)
  • #81,257
  • May 15, 2008 12:11am May 15, 2008 12:11am
Quoting Scotty B
Looking at the 30 min chart, we did have a good close back below the 23 inner fib. I'm still short to 203.41. Patience is not my best friend but she'll get there.
iam targeting to 203.36 now short from 204.51
hi all
  • #81,258
  • May 15, 2008 12:16am May 15, 2008 12:16am
BAHHHHH,

Wait for london or close with profit.

I hate choices hahahahaha.
Que
  • #81,259
  • May 15, 2008 12:21am May 15, 2008 12:21am
Quoting kujo17
the calm before the explosion into the proverbial 'crapper' ! ;-)

yeah, exactly how it happened on friday.

i was short from 204.41 looking for 50pips for 4hrs, deprived me of good sleep. closed d shit trade at BE im happy, its been long i saw a drawdown of -20pips on my trades, even in this shit market.

But my target never gets hit.

i think ill double my positions and reduce SL to 50pips or triple my posistions looking for 35 pips,

why, cos my entries are spot on,

Kujo what do you think
  • #81,260
  • May 15, 2008 12:28am May 15, 2008 12:28am
Quoting Jerry
iam targeting to 203.36 now short from 204.51
hi all
203.36 is just below the 200 sma and 4H Gann.
We close below that, we'll see 201.75.

Hold onto that baby and let the profits run !!!
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