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

  • #87,721
  • Jun 3, 2008 4:06am Jun 3, 2008 4:06am
Quoting lilmoe
are u guys sure this is going up more ?

now now, should i add another short...

Attachment
Im not sure of anything, but when I look at GBP/CHF, this is what I see.
Attached Image
  • #87,722
  • Jun 3, 2008 4:08am Jun 3, 2008 4:08am
Quoting Clouds
Im not sure of anything, but when I look at GBP/CHF, this is what I see.
Attachment
remember bernanke in 2hrs...
  • #87,723
  • Jun 3, 2008 4:11am Jun 3, 2008 4:11am
Quoting newbiefx
Hi, I am very new to forex, i joined forex last week, So far i already earns abot hundred but also have lost about hundred too...

maybe I can have a guide here especailly about the forex of GBP/JPY....
right now I am buying Jpy against GBP....

Is it possible for GBP/JPY to down to 204 today again?
not sure whether you are long this pair (for up) or short (for down).
GJ is maybe also not the right pair to start with, but who am i to say so.
The bias is strong down and this up will most probably be a bounce from a support level only, but with current market conditions and bernanke speaking nobody knows what will happen. The down yesterday was quite aggressive.
  • #87,724
  • Jun 3, 2008 4:14am Jun 3, 2008 4:14am
Quoting newbiefx
Hi, I am very new to forex, i joined forex last week, So far i already earns abot hundred but also have lost about hundred too...

maybe I can have a guide here especailly about the forex of GBP/JPY....
right now I am buying Jpy against GBP....

Is it possible for GBP/JPY to down to 204 today again?
i think its better for you to keep reading and learning from their discussion,and ask if you dont understand than directly asking for a signal,even they who trade for years still discussing each other to find a direction.

for me...about a year experience in fx trading..still like you,win then lost,lost then win...yeah may be i'm too slow...
  • #87,725
  • Jun 3, 2008 4:19am Jun 3, 2008 4:19am
Quoting newbiefx
Hi, I am very new to forex, i joined forex last week, So far i already earns abot hundred but also have lost about hundred too...

maybe I can have a guide here especailly about the forex of GBP/JPY....
right now I am buying Jpy against GBP....

Is it possible for GBP/JPY to down to 204 today again?

This pair burnt me severely when I first traded it. PLEASE PLEASE learn to trade a major currency like EUR/USD first, which is much easier and less volatile.

There is a beginners section in this forum which is very good too, may I suggest you take a browse through that and also google for babypips.com - (very good and free instruction for newbies.) I wish you all the best of luck.

As to what this pair will do today? If we all knew that we'd be multi-millionares, but I think it'll go down,...problem is this: How far up will it go before it goes down?
  • #87,726
  • Jun 3, 2008 4:22am Jun 3, 2008 4:22am
Quoting shakesfx
Seems to have bounced off the 156 SMA and back into the conjestion zone on the 15mins. Z Stochs, MACD and QQE look ready to turn down...
Shakey, on your chart which QQE line do you have set at black? 2 or 3?

Edit: sorry, i mean 1 or 2. 0 is set at blue but i'm not sure if 1 or 2 get set to white as 1 and 2 are both currently set at black.
  • #87,727
  • Jun 3, 2008 4:25am Jun 3, 2008 4:25am
Quote
think its better for you to keep reading and learning from their discussion,and ask if you dont understand then directly asking for a signal,even they who trade for years still discussing each other to find a direction.

for me...about a year experience in fx trading..still like you,win then lost,lost then win...yeah may be i'm too slow...

yea right, i should keep reading and learning about forex, but i think it will make me more understanding if I am doing it myself, I mean doing the forex. yea maybe I can slowly understang the indicator in the graph you guys attached here...
  • #87,728
  • Jun 3, 2008 4:25am Jun 3, 2008 4:25am
Quoting Islander
OK, so Swissy bounced, freeing up UJ and so we got an 80 pip bounce in GJ.

Seeing that the Dow - YM - has regained its 12500 level I'm thinking that there's more upside to come in UJ.....

But the euro's stalled, +100 in under 4 hours is BIG for € - but its holding above its 600 level, so cable's pulling back a bit too....

So GJ is now at its 205 level and its 15m 55ema....IF the Dow remains above 12500 into the New York open I can see GJ heading towards its daily pivot at 205.97.....TWT

No great change.......cable's holding towards the top of that last rally after pulling back to its 50% retrace and UJ's also near the highs of its bounce with the Dow - YM - just above 12500.

This all leaves GJ in a 15 min up trend channel - waiting for Helicopter Ben, Trichet and the BOJ's new guy all due to speak at 9am EDT - 14:00 GMT.

The vast ammount of hot air that will be generated is certain to bring in some volatility.......http://www.forexfactory.com/images/icons/icon11.gif
Attached Image (click to enlarge)
Click to Enlarge Name: jne 3 gj 15m 1215.gif Size: 16 KB
Trading Levels with WRBs
  • #87,729
  • Jun 3, 2008 4:25am Jun 3, 2008 4:25am
Quoting rsharpe30
Shakey, on your chart which QQE line do you have set at black? 2 or 3?

Edit: sorry, i mean 1 or 2. 0 is set at blue but i'm not sure if 1 or 2 get set to white as 1 and 2 are both currently set at black.
0 = Blue
1 = White
2 = Black

Well, those are my settings.
  • #87,730
  • Jun 3, 2008 4:28am Jun 3, 2008 4:28am
Quoting shakesfx
0 = Blue
1 = White
2 = Black

Well, those are my settings.
ta mate. quick question .... where are you in the UK? I'm up north (Scotland) ....
  • #87,731
  • Jun 3, 2008 4:30am Jun 3, 2008 4:30am
Quoting Islander
No great change.......cable's holding towards the top of that last rally after pulling back to its 50% retrace and UJ's also near the highs of its bounce with the Dow - YM - just above 12500.

This all leaves GJ in a 15 min up trend channel - waiting for Helicopter Ben, Trichet and the BOJ's new guy all due to speak at 9am EDT - 14:00 GMT.

The vast ammount of hot air that will be generated is certain to bring in some volatility.......http://www.forexfactory.com/images/icons/icon11.gif

Normally we get a slow steady drop in price as we head towards the news....I'm hoping that this rise is just head fake crap before a huge fall, but I'm not so sure at the moment - I'm beginning to doubt...maybe I should shut down the screen and look again after NY close....
  • #87,732
  • Jun 3, 2008 4:32am Jun 3, 2008 4:32am
Quoting rsharpe30
ta mate. quick question .... where are you in the UK? I'm up north (Scotland) ....

South (Hampshire) Lets see if we can kill the geppy beast with a co-ordinated flanking strike today.
  • #87,733
  • Jun 3, 2008 4:34am Jun 3, 2008 4:34am
Quoting shakesfx
Normally we get a slow steady drop in price as we head towards the news....I'm hoping that this rise is just head fake crap before a huge fall, but I'm not so sure at the moment - I'm beginning to doubt...maybe I should shut down the screen and look again after NY close....
Are you married to shorty? I'm not saying it may or may not drop, but why are you doubting? If you doubt, then take profits, and wait to trade when you have less doubts.
  • #87,734
  • Jun 3, 2008 4:35am Jun 3, 2008 4:35am
damm GJ,
i got SL, bear trap bull trap
huh what the @$#% GJ wanna do
  • #87,735
  • Jun 3, 2008 4:37am Jun 3, 2008 4:37am
Quoting shakesfx
Normally we get a slow steady drop in price as we head towards the news....I'm hoping that this rise is just head fake crap before a huge fall, but I'm not so sure at the moment - I'm beginning to doubt...maybe I should shut down the screen and look again after NY close....
Call a Taxi, Mate
  • #87,736
  • Jun 3, 2008 4:37am Jun 3, 2008 4:37am
lol, some of you guys are very greedy.. want to catch every damn pip up n down

Just relax and have some patience
Trade what you see, not what you think.
  • #87,737
  • Jun 3, 2008 4:38am Jun 3, 2008 4:38am
Looks to me that this support area is holding....no surprise though as it has held many times recently......when it has held going short recently it has went up and tested 209 area....will be watcing closely
"Keep your eyes on the helpers" - Mr. Rogers
  • #87,738
  • Jun 3, 2008 4:38am Jun 3, 2008 4:38am
This story is very clear, a picture is worth a 1,000 words. . .

ZL Stoch says price is headed back to the daily 5 SMA @ 207 area. . .
A rejection there will send GJ down hard IMO. . .

I'll wait for it to reach that area before entering short, in the mean while I'll continue to short EU which is headed down, while waiting to add to my GJ short position. . .

Gd luck all in your trading today, back l8ter. . .

15min, 1hr, 4hr and daily chart 4 u. . .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: daily chart.gif Size: 16 KB
  • #87,739
  • Jun 3, 2008 4:40am Jun 3, 2008 4:40am
Quoting Clouds
Are you married to shorty?

I don't friggin know at the moment to be honest....If I was long from 204 I would be happy now, and would close positions before the news. But holding Short through the news makes me nervous....I'm really just guessing this is a quick rise for a better offload price. I'm just going to stick with what I see on the daily chart and hold my Shorties, SL above 207, with another Sell order at 206.40ish....
  • #87,740
  • Jun 3, 2008 4:41am Jun 3, 2008 4:41am
Slowly but surely my buy signal is coming
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