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

  • #89,601
  • Jun 5, 2008 6:34pm Jun 5, 2008 6:34pm
Quoting Evilgoat
which broker you with?
check ur pm
  • #89,602
  • Jun 5, 2008 6:35pm Jun 5, 2008 6:35pm
Quoting OrionsWay
maybe something like this superv

who knows LOL
LOL, yea was thinking .8 to short but don't trade this pair that much. Not sure we'll get there...
  • #89,603
  • Jun 5, 2008 6:37pm Jun 5, 2008 6:37pm
Quoting damonl
something to think about while off on your own reading charts....i have heard word that 6 month evaluation has usdjpy ranging from 103-108 and gbp has definite weakness.

i follow these monthly evaluations as they were the forex bible to me...

take it for what it is worth, but this is info i pay to recieve and wanted to share at least this portion with you for all the help you and others have given me.

peace......

u're very welcome, and thanks for the advice
  • #89,604
  • Jun 5, 2008 6:38pm Jun 5, 2008 6:38pm
Quoting lilmoe
check ur pm
thanks
you can thank me for the big swings in coffee price cause I buy in bulk lol
  • #89,605
  • Jun 5, 2008 6:39pm Jun 5, 2008 6:39pm
Quoting damonl
something to think about while off on your own reading charts....i have heard word that 6 month evaluation has usdjpy ranging from 103-108 and gbp has definite weakness.

i follow these monthly evaluations as they were the forex bible to me...

take it for what it is worth, but this is info i pay to recieve and wanted to share at least this portion with you for all the help you and others have given me.

peace......
I think that's this thread's problem. We talk and argue about too far in advance for anyone to care. Nobody knows what it's going to do in 6 months or 1 week from now. Let's just trade for the day or week. Let's talk about tonight/London , tomorrow. Then back here Sunday. The present is much more entertaining and better financially. Nobody has to listen to me, but it's just my two cents. See you at London if I can get here, I can't trade this time frame, I'll blow all my money. Cheers.
  • #89,606
  • Jun 5, 2008 6:46pm Jun 5, 2008 6:46pm
Quoting Clouds
I think that's this thread's problem. We talk and argue about too far in advance for anyone to care. Nobody knows what it's going to do in 6 months or 1 week from now. Let's just trade for the day or week. Let's talk about tonight/London , tomorrow. Then back here Sunday. The present is much more entertaining and better financially. Nobody has to listen to me, but it's just my two cents. See you at London if I can get here, I can't trade this time frame, I'll blow all my money. Cheers.
you are right to an extent, but even when you take a trip you have a plan and idea of how things should go...then you just take one curve at a time.

knowing the bigger picture my friend helps you make better short term decisions. if you don't know where you want to be in five years, how do you know your decision today is not a big mistake?

the big picture is very important and i would hate to see you ignore it
"Keep your eyes on the helpers" - Mr. Rogers
  • #89,607
  • Jun 5, 2008 6:46pm Jun 5, 2008 6:46pm
Quoting karmostaji
The beast keeps on killing people everyday... Damn!


yes it cares not what anyone thinks it will do,and finding its rythme can be tricky .
"Millionaires don't use astrology, billionaires do"
  • #89,608
  • Jun 5, 2008 6:48pm Jun 5, 2008 6:48pm
off to trade...see you all back here later...it is hard for me to post and trade....i think i will trade now and post later
"Keep your eyes on the helpers" - Mr. Rogers
  • #89,609
  • Jun 5, 2008 6:55pm Jun 5, 2008 6:55pm
Quoting damonl
you are right to an extent, but even when you take a trip you have a plan and idea of how things should go...then you just take one curve at a time.

knowing the bigger picture my friend helps you make better short term decisions. if you don't know where you want to be in five years, how do you know your decision today is not a big mistake?

the big picture is very important and i would hate to see you ignore it
of course, can see gbp/jpy has problems, long-term it was going up, and then crashed car wreck, and bottom out, now we are at the bottom with the fishes. eur/jpy is in an uptrend, but had some problems lately, got bit by a dog, sure u can see monthly charts, and look for opportunities for long-term plans, financial planner, have longs set up so u never have work again if u have the patience? or something, but you can also make more money if you trade the waves, i guess. picture a life that was all planned out, knowing everything u do next day, it won't be a very fun life, would it, pretty boring.
  • #89,610
  • Jun 5, 2008 6:56pm Jun 5, 2008 6:56pm
Looks like the UJ is done with 106. We'll see what the next chapter has to say in a few minutes...
  • #89,611
  • Jun 5, 2008 7:00pm Jun 5, 2008 7:00pm
back to analysis.

time moves on, charts change. a 4h and daily close above fe 78.6 always puts fe 100 on the table (high probability)

fe 78.6 at 207.23 (not expected by me at all, but happened)
fe 100 at 208.08.

fibo expansion drawn from 202.59 to 206.54.

fe 88.6 at 207.63 provides good resisntace. the 4h candle before the former that failed to breach 78.6 was the main reason why i added a short. it also formed a pinbar.

the fibo fan shows it was VERY good support bouncing price back up to close a 4h candle above the former. screwed up my entire plan. that fibo fan was actually coinciding with lower TL of bearish flag.

right now price is trapped between 78.6 and 88.6. breach either sides suggests the next fe level.

here's the charts

Attached Image (click to enlarge)
Click to Enlarge Name: gj_4h_fe.gif Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gj_4h_fe_zoomout.gif Size: 20 KB
  • #89,612
  • Jun 5, 2008 7:10pm Jun 5, 2008 7:10pm
Quoting lilmoe
back to analysis.

time moves on, charts change. a 4h and daily close above fe 78.6 always puts fe 100 on the table (high probability)

fe 78.6 at 207.23 (not expected by me at all, but happened)
fe 100 at 208.08.

fibo expansion drawn from 202.59 to 206.54.

fe 88.6 at 207.63 provides good resisntace. the 4h candle before the former that failed to breach 78.6 was the main reason why i added a short. it also formed a pinbar.

the fibo fan shows it was VERY good support bouncing price back up to close a 4h candle above the former. screwed up my entire plan. that fibo fan was actually coinciding with lower TL of bearish flag.

right now price is trapped between 78.6 and 88.6. breach either sides suggests the next fe level.

here's the charts

Attachment

Attachment
great charts, uj showing minor weakness
  • #89,613
  • Jun 5, 2008 7:11pm Jun 5, 2008 7:11pm
Quoting lilmoe
my broker provides coffee arabica futures, and damn does this thing MOVE. today it went up 400 pips, yesterday wasn't alot only 200. yesterday it went down 600 pips (Damn). on may 22, it moved 900 pips in 3 hours.

i have never seen anything easier to trade. this sucker is GOOD.
i might even say goodbye to GJ, loool, kidding.

mastering GJ is my quest, and when i do so, then and only then would i feel like i accomplished something special
coffee futures ... mmmmm...
Blogging daily now at www.volume.zone
  • #89,614
  • Jun 5, 2008 7:20pm Jun 5, 2008 7:20pm
Quoting malcolmb14
coffee futures ... mmmmm...

Coffee I'll buy at any price, Oil.. I have a bike..
  • #89,615
  • Jun 5, 2008 7:21pm Jun 5, 2008 7:21pm
they sure are totally emptying the coffers on euppy, something big about to take place
"Millionaires don't use astrology, billionaires do"
  • #89,616
  • Jun 5, 2008 7:32pm Jun 5, 2008 7:32pm
Quoting malcolmb14
coffee futures ... mmmmm...
yea lets make a joint effort to short sell the sucker, this way we won't have to pay as much.
  • #89,617
  • Jun 5, 2008 7:35pm Jun 5, 2008 7:35pm
Quoting Clouds
great charts, uj showing minor weakness
yea i already knew that. lol. i hope u're convinced now
  • #89,618
  • Jun 5, 2008 7:36pm Jun 5, 2008 7:36pm
hey scotty, que. whats up?
  • #89,619
  • Jun 5, 2008 7:36pm Jun 5, 2008 7:36pm
SELL USDJPY
SELL EURJPY
SELL GBPJPY

GBP - BEARISH
YEN - BULLISH

Happy Trading
  • #89,620
  • Jun 5, 2008 7:37pm Jun 5, 2008 7:37pm
EUR/AUD, want see
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