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

  • #88,261
  • Jun 3, 2008 9:27pm Jun 3, 2008 9:27pm
205.60 then on to 207, IMHO
  • #88,262
  • Jun 3, 2008 9:32pm Jun 3, 2008 9:32pm
Quoting mktjong
Crude oil is gonna up .. take caution all those shorts..personally, I don't see this Geppy go much lower today ..
Might be better trading oil now instead of Geppy ..hehe
hmm ..enjoying my chocolate almond ice scream soon..yummy ..
See u in a while ..

yes we know that oil will go back up thats another reason to short GJ

oild up = dollar down

dollar down = UJ down

UJ down = GJ down

  • #88,263
  • Jun 3, 2008 9:34pm Jun 3, 2008 9:34pm
Hey scottyb, any further thoughts on your unfinished 15m thingamabob? I don't fully understand it, but I find myself thinking about it during the day at the oddest times.
FUBAR...
  • #88,264
  • Jun 3, 2008 9:41pm Jun 3, 2008 9:41pm
Quoting toyboy tramp
Crude might go up it might not if it does why is that bad for the beast's shorts???? There's no way I'd call that divergence...
You maybe right, it's still a premature divergence. If it continues down, then the divergence is nullified.
  • #88,265
  • Jun 3, 2008 9:42pm Jun 3, 2008 9:42pm
Quoting ak4x
Hey scottyb, any further thoughts on your unfinished 15m thingamabob? I don't fully understand it, but I find myself thinking about it during the day at the oddest times.
Yeah that cycle was met in this last strong move down.
  • #88,266
  • Jun 3, 2008 9:43pm Jun 3, 2008 9:43pm
Quoting bigcoupe
All I see is a downward trend IMHO
Could be could be not ..hehee
Did I spell ice 's'cream?
  • #88,267
  • Jun 3, 2008 9:46pm Jun 3, 2008 9:46pm
going to get some sleep.
see u guys @ london.
Happy pipping.
  • #88,268
  • Edited 10:00pm Jun 3, 2008 9:49pm | Edited 10:00pm
Quoting msniper
yes we know that oil will go back up thats another reason to short GJ

oild up = dollar down

dollar down = UJ down

UJ down = GJ down

Not necessarily .. it's a bit complicated relationship I would say. Oil up, Yen weaken. If u notice, higher oil causes Equity to crash but sometimes equity market may ignore it as well. It is not a black and white thing so to speak. Attention to other indexes like bond, gold for further confirmation is necessary. I ain't trying to claim I know a lot of things .. just my past experience.
  • #88,269
  • Jun 3, 2008 9:50pm Jun 3, 2008 9:50pm
Continued ranging action should look for stalls or turns at these bb levels until it breaks loose. 10m, 20m, & 30m are all within about 4 pips pips of each other. Chart is 20m.
Attached Image
FUBAR...
  • #88,270
  • Jun 3, 2008 9:52pm Jun 3, 2008 9:52pm
Quoting Scotty B
Yeah that cycle was met in this last strong move down.
Excellent!

As I have an early day tomorrow, i can sleep better knowin that..

Btw, is most of the dope on that kind of thing from the skunny thread?
FUBAR...
  • #88,271
  • Jun 3, 2008 10:08pm Jun 3, 2008 10:08pm
Quoting ak4x
Excellent!

As I have an early day tomorrow, i can sleep better knowin that..

Btw, is most of the dope on that kind of thing from the skunny thread?
Yes...I took skunny's principles and ran with them. I racked my brains for 5 months straight and finally figured out a way to use them consistently. I doubt I do exactly what he does, but I have developed a workable method, and I am learning new things everyday now it seems.

Scotty B
  • #88,272
  • Jun 3, 2008 10:57pm Jun 3, 2008 10:57pm
I'm embarrased to say this but I'm doing a 180 on my analysis.

I'm joining the bulls. I've been charting for the last hour and have come to the conclusion we may move down but the Bull is going to drive for awhile.
Attached Image
  • #88,273
  • Jun 3, 2008 11:06pm Jun 3, 2008 11:06pm
might start heading down with the next 4 hr bar
  • #88,274
  • Jun 3, 2008 11:19pm Jun 3, 2008 11:19pm
Quoting msniper
yes we know that oil will go back up thats another reason to short GJ

oild up = dollar down

dollar down = UJ down

UJ down = GJ down

Good observation there, msniper.
{Promotion Removed}
  • #88,275
  • Jun 3, 2008 11:24pm Jun 3, 2008 11:24pm
Hm, Short Euro, GBp, Nzd, and AUd, long Gbp/Chf, Gbp/Jpy, Ok, Im ready.
  • #88,276
  • Jun 3, 2008 11:24pm Jun 3, 2008 11:24pm
Quoting Scotty B
Yes...I took skunny's principles and ran with them. I racked my brains for 5 months straight and finally figured out a way to use them consistently. I doubt I do exactly what he does, but I have developed a workable method, and I am learning new things everyday now it seems.

Scotty B
The best and fastest way to learn is to listen. In this case, you network with peers/experts of Forex trading. Talk/communicate with them. Ask questions and use your best judgement according to the answers. I learned lessons in just five days, not five months. I hope your workable method will get you far. Good luck, Scott!
{Promotion Removed}
  • #88,277
  • Jun 3, 2008 11:32pm Jun 3, 2008 11:32pm
Quoting Clouds
Hm, Short Euro, GBp, Nzd, and AUd, long Gbp/Chf, Gbp/Jpy, Ok, Im ready.
thats alot to follow up
  • #88,278
  • Jun 3, 2008 11:38pm Jun 3, 2008 11:38pm
Quoting msniper
thats alot to follow up
Maybe I shouldn't have said that before I put the orders in. I'm just bid one pair at the moment. Sticking to my conservative side for now.
  • #88,279
  • Jun 3, 2008 11:47pm Jun 3, 2008 11:47pm
Quoting ak4x
Continued ranging action should look for stalls or turns at these bb levels until it breaks loose. 10m, 20m, & 30m are all within about 4 pips pips of each other. Chart is 20m.
So far so good, looking for that 3rd hit before, or as part of pre-London action.

With the drift up, 10m lower bb is now at 6.20 tho, so may not see that 20m hit. In any event, done for the night. Good pips all.
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FUBAR...
  • #88,280
  • Jun 3, 2008 11:48pm Jun 3, 2008 11:48pm
Quoting ephisi
Hmmn, so much confusion, id advise everyone to just post their analyses and not try to change someone elses opinion about trading. Technical analyses is a probabbility game, a game of numbers you cant alwasy be right, and you cant always be certain ur trade will workout as planned.

So if ur analyses says short stay short, if it says long stay long until it says otherwise.

The trend of this thread is really becoming very worrisome
Good evening to every one, agree 101% with you Sr.
The Chonchy
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