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

  • #88,341
  • Jun 4, 2008 12:19am Jun 4, 2008 12:19am
Quoting quecee5
Congrats to all shorts who waited patiently for the fall, looks like we have a lot of room for this fall to materialize. . . =
hi Q
  • #88,342
  • Jun 4, 2008 12:20am Jun 4, 2008 12:20am
Quoting shahroodi
hi Q
  • #88,343
  • Jun 4, 2008 12:22am Jun 4, 2008 12:22am
Now, it has come down to 205.30. Crossed all marks. Will this go down further and reach 204.25 or move ahead towards 207?? Still wondering where it does go?
  • #88,344
  • Jun 4, 2008 12:23am Jun 4, 2008 12:23am
sharoodi
lilmoe
Hussin

how are you guys doing.
  • #88,345
  • Jun 4, 2008 12:26am Jun 4, 2008 12:26am
Quoting forexinvests
Now, it has come down to 205.30. Crossed all marks. Will this go down further and reach 204.25 or move ahead towards 207?? Still wondering where it does go?
the demand for the pair is at 204.50 area. . .
  • #88,346
  • Jun 4, 2008 12:28am Jun 4, 2008 12:28am
Quoting ephisi
sharoodi
lilmoe
Hussin

how are you guys doing.

selling rallies bro, selling rallies

i'm good, u?
  • #88,347
  • Jun 4, 2008 12:30am Jun 4, 2008 12:30am
This pair deserves an award for being like a football quarterback, 204, 205, 204, 205, 206, 205! Can't catch the Geppy!
  • #88,348
  • Jun 4, 2008 12:30am Jun 4, 2008 12:30am
Been good bro, been in d background watching. Not easy to keep up with thousands of posts every hour, so decided to chill for a while
  • #88,349
  • Jun 4, 2008 12:31am Jun 4, 2008 12:31am
Quoting alearner
I'm trying 2100 GMT as well to see which seems better. Perhaps keep both on charts?
I just use them as a guide and watch the price action around the levels, remembering that as GJ is a cross, we cannot expect the same accuracy as in the majors - GBPUSD and USDJPY.

If we also bring in the weekly and monthly pivots together with the sweet spots of the 50s and 100s plus prior TPs we can easily be "overloaded" with levels and get confused.

For me, its the actual price action that "activates" a level and gives a clue that price is now going to "respect" that particular level or area - just IMO http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #88,350
  • Jun 4, 2008 12:31am Jun 4, 2008 12:31am
i have a strong sell signal on my m30 strategy. this should go down 100 more pips at least. we might not stop before 203.50 - 204 area
  • #88,351
  • Jun 4, 2008 12:33am Jun 4, 2008 12:33am
if we gat a close below d daily gann today, 203.50-202 range may hit before NFP, 4hr gann also needs to close to reach 204
  • #88,352
  • Jun 4, 2008 12:34am Jun 4, 2008 12:34am
Quoting quecee5
the demand for the pair is at 204.50 area. . .

i have that as daily s1, interesting. it's also 50% fib from the upmove of 199.78 to 209.30
  • #88,353
  • Jun 4, 2008 12:36am Jun 4, 2008 12:36am
it would be great if this hour closes below 205.14 (61.8 from the latest rally)
  • #88,354
  • Jun 4, 2008 12:40am Jun 4, 2008 12:40am
If oil hits $120 today we could see this pair race back up so be very careful. . .
GJ giveth and GJ takeths very quickly. . .
  • #88,355
  • Jun 4, 2008 12:40am Jun 4, 2008 12:40am
testing 23.6 (208.33 to 203.96) area right now, break thru this hello 204.50 at least
  • #88,356
  • Jun 4, 2008 12:41am Jun 4, 2008 12:41am
Quoting forexnoob101
testing 23.6 area right now, break thru this hello 204.50 at least
what is the price we need to break before more of a down?
  • #88,357
  • Jun 4, 2008 12:44am Jun 4, 2008 12:44am
EJ is free fall
i see below 160.xx
  • #88,358
  • Jun 4, 2008 12:44am Jun 4, 2008 12:44am
"There is a rumor that last month's Non-Farm Payroll was miscalculated and there is going to be a big down revision this month. In general, lean toward dollar weakness during NY session."

Quoting felix and co, this looks interesting

Btw,
204.80 is a long term 4hr 38.2% fib, if we dont close below that befoer the 4hr candle is exausted then i expect a retracement before we break 204.80.

A close below d 4hr gann confirs a short of 200pips today
  • #88,359
  • Jun 4, 2008 12:47am Jun 4, 2008 12:47am
Quoting rogerdoger
what is the price we need to break before more of a down?
the area we are in right now (low 205's), once a break from that we should move lower...
  • #88,360
  • Jun 4, 2008 12:47am Jun 4, 2008 12:47am
Quoting hussin naiji
EJ is free fall
i see below 160.xx
CJ is free fall
below 102.20
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