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

  • #92,301
  • Jun 11, 2008 11:18am Jun 11, 2008 11:18am
GJ to 213 i believe... strong believe be it this week or next week
  • #92,302
  • Jun 11, 2008 11:21am Jun 11, 2008 11:21am
now wth is happening omg... i was so in the money earlier
now what is happening with this yen omg
  • #92,303
  • Jun 11, 2008 11:23am Jun 11, 2008 11:23am
Quoting RonPaul2008
now wth is happening omg... i was so in the money earlier
now what is happening with this yen omg
Be cool man!!!If you want to trade the beast this is what you'll find!!!
  • #92,304
  • Jun 11, 2008 11:23am Jun 11, 2008 11:23am
Gotta love it.
  • #92,305
  • Jun 11, 2008 11:24am Jun 11, 2008 11:24am
Quoting ovaforty
new 4 hour candle is not bearish. 4 hour 5 sma low still holding. My moms are showing mixed signals. range is getting tight. breakout will come later.
I am short based on double top on 4h, overbought 4h conditions, lower highs on 15m, etc.... however if price goes above 210.33 I may reconsider this position...
Patience + Discipline - Greed = Success
  • #92,306
  • Jun 11, 2008 11:26am Jun 11, 2008 11:26am
UJ just trying get fake bull trap
  • #92,307
  • Jun 11, 2008 11:27am Jun 11, 2008 11:27am
Quoting Infinity
I am short based on double top on 4h, overbought 4h conditions, lower highs on 15m, etc.... however if price goes above 210.33 I may reconsider this position...
Yes, that would be above the 4hr 5-sma high, which would be very bad for shorts. I don't see price reaching there, but anything is possible.
  • #92,308
  • Jun 11, 2008 11:30am Jun 11, 2008 11:30am
The USD is going down in price today, but it doesn't have go down in order. That should make GJ go down, since UJ going down. GU going up. Take look at GU, no sign of weakness.
  • #92,309
  • Jun 11, 2008 11:31am Jun 11, 2008 11:31am
Quoting GodfreyH
Hmmm... you look like you are using about 4 momentums, that's interesting, that means that you find that more effective than the original 1, 10, 14.

What would constitute bearish, 1,5,10,&14 together?
all 4 moms agreeing denotes a strong trend. Candle closes in relation to the 5 sma channel is what i look at. I added 5c because I trade the weekly charts. I use the 1c mom at the open of the candles on all time frames. Different time frames relate to different moms. I look for agreement.

I look for previous swing highs/lows and fibs to place my entry exits. Trading weekly chart, I look for higher highs/lower lows.
  • #92,310
  • Jun 11, 2008 11:31am Jun 11, 2008 11:31am
Quoting GodfreyH
Yes, that would be above the 4hr 5-sma high, which would be very bad for shorts. I don't see price reaching there, but anything is possible.

if i get a close above m30's gann, i'm reversing my positions. but i'll my short a shot for now.
  • #92,311
  • Jun 11, 2008 11:33am Jun 11, 2008 11:33am
Quoting Clouds
The USD is going down in price today, but it doesn't have go down in order. That should make GJ go down, since UJ going down. GU going up. Take look at GU, no sign of weakness.
Look at your weekly cable chart and you will see weakness.
  • #92,312
  • Jun 11, 2008 11:33am Jun 11, 2008 11:33am
This TF is the one that concerns me......
but I see my little minor TL holding so far...
Attached Image (click to enlarge)
Click to Enlarge Name: 1gephd.GIF Size: 23 KB
Patience + Discipline - Greed = Success
  • #92,313
  • Jun 11, 2008 11:36am Jun 11, 2008 11:36am
Quoting lilmoe
if i get a close above m30's gann, i'm reversing my positions. but i'll my short a shot for now.
what is this level on your charts? I don't use gann...
Patience + Discipline - Greed = Success
  • #92,314
  • Jun 11, 2008 11:37am Jun 11, 2008 11:37am
Quoting ovaforty
Look at your weekly cable chart and you will see weakness.
I see that, but the recent low was higher than the previous low, and I'm not saying the GBP may lose value, BUT not today, the USD has rallied all week, not sure if it's healthy to change so much in a week, and it's unusual, I would think. But gotta worry about the Yen, cause it may not want change price.
  • #92,315
  • Jun 11, 2008 11:39am Jun 11, 2008 11:39am
yesterday's range was 220 pips
today 110

so tomorrow probably 50.5


what a sorry ass range.....
  • #92,316
  • Jun 11, 2008 11:41am Jun 11, 2008 11:41am
Quoting Clouds
I see that, but the recent low was higher than the previous low, and I'm not saying the GBP may lose value, BUT not today, the USD has rallied all week, not sure if it's healthy to change so much in a week, and it's unusual, I would think. But gotta worry about the Yen, cause it may not want change price.
the weekly candle is still in progress. so you cannot go by the recent low until it closes.
  • #92,317
  • Jun 11, 2008 11:43am Jun 11, 2008 11:43am
Quoting mktjong
Good morning All,

This crazy pair seems to strive for 3x interest paid before really giving up. Trying to play cat and mouse game with us .. we really need plenty of Karmo's pills
The above statement still holds true (unfortunately) .. I just bought two more bottle of Karmo pills .. high concentrate version
I locked in some (not all) profit earlier (hours ago) and now thinking to re-load some again.. (lilmoe's technique inspires me..hehe)
  • #92,318
  • Jun 11, 2008 11:43am Jun 11, 2008 11:43am
Quoting ovaforty
all 4 moms agreeing denotes a strong trend. Candle closes in relation to the 5 sma channel is what i look at. I added 5c because I trade the weekly charts. I use the 1c mom at the open of the candles on all time frames. Different time frames relate to different moms. I look for agreement.

I look for previous swing highs/lows and fibs to place my entry exits. Trading weekly chart, I look for higher highs/lower lows.
When you say you look for agreement , do you mean that if, say, the weekly 10c mom was up, you look to see whether the daily 10c mom is up also ,and then perhaps check to see if the 4hr 10c mom is up as well?
  • #92,319
  • Jun 11, 2008 11:44am Jun 11, 2008 11:44am
Quoting ovaforty
the weekly candle is still in progress. so you cannot go by the recent low until it closes.
Im going by several weeks.
Attached Image
  • #92,320
  • Jun 11, 2008 11:45am Jun 11, 2008 11:45am
see that weekly white trendline? i would be bullish on a break and close above it. She is making lower highs for now. 10c and 14 c moms are very bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly 1.gif Size: 24 KB
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