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

  • #88,641
  • Jun 4, 2008 10:18am Jun 4, 2008 10:18am
Quoting vinesh2
Hmmm.. Oil inventory came out bad but Oil prices still down. Hmmm Any idea where GJ is heading before the end of the day? Indicators are all over the place

UP !!!!
"Millionaires don't use astrology, billionaires do"
  • #88,642
  • Jun 4, 2008 10:20am Jun 4, 2008 10:20am
Oil and gold down a little, Dow up 140 but so far swissy and UJ not wanting to follow up and GJ after two higher lows is not getting any help, so I'm thinking that the bears are still awake!
Trading Levels with WRBs
  • #88,643
  • Jun 4, 2008 10:21am Jun 4, 2008 10:21am
Oh ya Q I read the article last week thanks for that. Right now its like ping pong good scalping but the Daily chart is not looking healthy at all just don't like the tripple interest Wed's i have had shorts from last week and the negative interest is starting to stink my shorts.
  • #88,644
  • Jun 4, 2008 10:23am Jun 4, 2008 10:23am
my chart, why it will go up

Attached Image
  • #88,645
  • Jun 4, 2008 10:25am Jun 4, 2008 10:25am
Quoting lilmoe
i expecting another 1.5 dollar fall in oil, that would tell DJ (game over!)

we are having a negative affect of last week; dj is going up and GJ aint moving up anymore. do u have any idea what will happen when DJ starts to TANK??
Actually Dow loves it bro .. now my turn, what happen then if Dow loves it ..
j/k

p.s. It's not a simple black and white thing the relationship between Dow and Crude Oil. Maybe it's more like weather forecast ..or girl's mood

Besides, it's 3X day ..
I would secure it after the 3X paid ..
  • #88,646
  • Jun 4, 2008 10:26am Jun 4, 2008 10:26am
Quoting Clouds
my chart, why it will go up

Attachment

It will go up so that the market goes long...just in time for it to turn round, kick you in the balls and head to 202/3
  • #88,647
  • Jun 4, 2008 10:27am Jun 4, 2008 10:27am
ok, i bit the bullet and took a short at 205.43 ... didn't feel like waiting for 205.60 ...... this cab ride can now commence.
  • #88,648
  • Jun 4, 2008 10:27am Jun 4, 2008 10:27am
Quoting mktjong
Actually Dow loves it bro .. now my turn, what happen then if Dow loves it ..
j/k

p.s. It's not a simple black and white thing the relationship between Dow and Crude Oil. Maybe it's more like weather forecast ..or girl's mood

Besides, it's 3X day ..
I would secure it after the 3X paid ..
i wonder if i've ever seen a 500 pip drop for GJ on an "3x" day
  • #88,649
  • Jun 4, 2008 10:29am Jun 4, 2008 10:29am
not too long before DJ calls it quits, careful hotshots
  • #88,650
  • Jun 4, 2008 10:29am Jun 4, 2008 10:29am
Quoting vinesh2
Oh ya Q I read the article last week thanks for that. Right now its like ping pong good scalping but the Daily chart is not looking healthy at all just don't like the tripple interest Wed's i have had shorts from last week and the negative interest is starting to stink my shorts.
Awwwwwwww, Gotcha!
  • #88,651
  • Jun 4, 2008 10:30am Jun 4, 2008 10:30am
Quoting lilmoe
i wonder if i've ever seen a 500 pip drop for GJ on an "3x" day
I have, I have.....
Patience + Discipline - Greed = Success
  • #88,652
  • Jun 4, 2008 10:31am Jun 4, 2008 10:31am
Quoting lilmoe
i wonder if i've ever seen a 500 pip drop for GJ on an "3x" day
hm, for a fun, it is a nice profit taking
  • #88,653
  • Jun 4, 2008 10:31am Jun 4, 2008 10:31am
Quoting Clouds
my chart, why it will go up

Attachment
A little subjective? lol Check out how all the yen pairs are forming on a 4 hour chart. It is clearly yelling to head south once we get the close of the bars.

This was the forerunner bar (The 1 hour) to indicate that the resistance couldn't be broken on a LOWER timeframe. Now we see that same trendline on a higher timeframe, the 4 hour. If we get a close below that general area, it is telling me that the price couldn't break above and will at least be heading lower in order to move higher IF it would move higher at all. The money for me right now is in shorts.

Btw, I know this is U/J, but the G/J is going hand in hand. Same goes for E/J at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trend resistance.gif Size: 16 KB
Click to Enlarge Name: trend resistance logner.gif Size: 15 KB
I dream, therefore I become.
  • #88,654
  • Jun 4, 2008 10:32am Jun 4, 2008 10:32am
Here we go!
Attached Image
  • #88,655
  • Jun 4, 2008 10:33am Jun 4, 2008 10:33am
Quoting Piters
hm, for a fun, it is a nice profit taking
maybe 204.50 is defended for that purpose ONLY... who knows.

lower highs shall resume.
  • #88,656
  • Jun 4, 2008 10:34am Jun 4, 2008 10:34am
Quoting mike w
A little subjective? lol Check out how all the yen pairs are forming on a 4 hour chart. It is clearly yelling to head south once we get the close of the bars.

This was the forerunner bar (The 1 hour) to indicate that the resistance couldn't be broken on a LOWER timeframe. Now we see that same trendline on a higher timeframe, the 4 hour. If we get a close below that general area, it is telling me that the price couldn't break above and will at least be heading lower in order to move higher IF it would move higher at all. The money for me right now is in shorts.
Heh Mike_W, long time no hear bro. How have you been? How's life treating you bro? You still trading EU, what do you think, time to scale in buys? GU looking nice for a buy opportunity as well, your thoughts please. . .
  • #88,657
  • Jun 4, 2008 10:36am Jun 4, 2008 10:36am
Quoting lilmoe
i wonder if i've ever seen a 500 pip drop for GJ on an "3x" day
hahaha .. it could after I close it ..
  • #88,658
  • Jun 4, 2008 10:38am Jun 4, 2008 10:38am
Breakout strategy

A close above 206, 208-209 will be insight
A close below 204.80, 201-200 will be insight

Don't jump the gun, have some patience n keep cool
Trade what you see, not what you think.
  • #88,659
  • Jun 4, 2008 10:40am Jun 4, 2008 10:40am
Quoting quecee5
Heh mike long time no hear bro. How have you been? How's life treating you bro? You still trading EU, what do you think, time to scale in buys?
Hey Quecee, I know I have posted much lately but I'm still here man! Life's goin great too, everything in my life is seeming to come together perfectly right now! I trade a bit of everything, you know that! lol How's everything for you? I see your still trading spot on man! I hope everythings good for you bro.

Once I see a solid shot into the 1.53's I'm going to start stacking and use the low of the monthly as my stop loss for it. It looks like a solid low risk, high reward trade. That is also the bottom of the range so if it breaks, we're headed lower only to pick up some more IMO. What do you think on it?

As for G/U, we had another pin bar that was bullish and off of support so I'm thinking that once we head a little lower, I may try a bargain buy on it and wait for that bar to kick in and come into play.
I dream, therefore I become.
  • #88,660
  • Jun 4, 2008 10:44am Jun 4, 2008 10:44am
Quoting karmostaji
Breakout strategy

A close above 206, 208-209 will be insight
A close below 204.80, 201-200 will be insight

Don't jump the gun, have some patience n keep cool
That's it right there ladies and gentlemen! How's it goin Karmo?

Btw, u/j is "obeying" that trendline and bringing g/j and e/j with it.
I dream, therefore I become.
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