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

  • #95,321
  • Jun 19, 2008 3:48am Jun 19, 2008 3:48am
Quoting arezab
What the ...

GBP http://www.forexfactory.com/images/m...mpact_high.gif Retail Sales m/m http://www.forexfactory.com/images/m...etail_star.gif 3.5% -0.1% -0.3%http://www.forexfactory.com/images/m...us_revised.gif

did anyone of you catch this nice spike up? I got it ... it was an easy and quick 110 green pips.
Holding since 1.951, do u see 1.98?
  • #95,322
  • Jun 19, 2008 3:52am Jun 19, 2008 3:52am
Quoting Evilgoat
not me I missed it all together
No worries bro there are other trades ahead of us. This one was because of cable news and hard to catch.

I normally don't trade important news like this one but I forget to look at calendar before opening my position, I entered long just because it looked bullish to me. So I kept it when I saw we've got only 10 minutes to cable retail sales announcement ... luckily it didn't hit my stop.
Discipline + Patience - Fear - Greed = Success
  • #95,323
  • Jun 19, 2008 3:58am Jun 19, 2008 3:58am
Quoting Clouds
Holding since 1.951, do u see 1.98?
hey clouds take a look at GU daily chart. I see that GU movement is extremely bullish. If GJ keeps ranging for next week and I want to trade GU, I'll buy all dips all the way up to 2.0000 and then 2.0400 area.

The bears are weakening and bulls are taking control of this pair.

At least that is what I see for near future.

Cheers
Discipline + Patience - Fear - Greed = Success
  • #95,324
  • Jun 19, 2008 4:00am Jun 19, 2008 4:00am
Quoting arezab
No worries bro there are other trades ahead of us.

yup lots of trades to come. I made some pips this week.
that jump would have been nice but I'm happy this week except a couple of bad trades I made the other day when I was over tired.
I'm pretty sleepy right now so I'm going to go pass out for a few before I lose my pips lol

good luck all
  • #95,325
  • Jun 19, 2008 4:07am Jun 19, 2008 4:07am
Quoting lilmoe
it looks like an inverse shampoo formation on h1

worked out perfectly, i'm glad i didn't short. it was probably priced in. lol
  • #95,326
  • Jun 19, 2008 4:12am Jun 19, 2008 4:12am
Quoting arezab
What the ...



did anyone of you catch this nice spike up? I got it ... it was an easy and quick 110 green pips.

didn't get it on the geppy, but got it on calble
  • #95,327
  • Jun 19, 2008 4:12am Jun 19, 2008 4:12am
Quoting pino2
210.22 is one of the keys that if visted this week, GJ will go down, but today the prices went to 210.40 and bounced from this level like 100 pips up, and as long as GJ is above 211.16 it is a bit safe for long orders this week, I have a long trade @ 210.85 with SL @ BE and TP @ 213.53 ( will be closed either if SL or TP reached or @ the end of this week if it was still alive), I've chosen 210.85 since it was the hourly high before dropping to 210.40, so reaching 210.85 again was a key for me to place a buy order at this level at London open
I won't go short except if 210.22 is visited this week otherwise I'm long
Prices went as predicted, I've added more trades at 210.8s level, no more 210's level in this week, will close all orders as planed above
  • #95,328
  • Jun 19, 2008 4:13am Jun 19, 2008 4:13am
Quoting karmostaji
The chart is looking bullish to me, 212.75 will be taken out? maybe

I just don't like the fact that price came down only 200-250 pips after 4H candle closed below gann hilo and then just ranged and now the QQE touched 50 line, so it can reverse and close upwards, if it does then I'm eying 213.50 atleast.
Aha
Trade what you see, not what you think.
  • #95,329
  • Jun 19, 2008 4:14am Jun 19, 2008 4:14am
why 211.50? 50% Fib seems 211.66, daily R1 is the same, 211.66.

Quoting mrhurley1
missed it being to patient..perhaps reenter long on a pull back to 211.5..thoughts?
  • #95,330
  • Jun 19, 2008 4:17am Jun 19, 2008 4:17am
Quoting Scrat
or these.
Hi Scrat I'm really going to love your 40M charts ...
Discipline + Patience - Fear - Greed = Success
  • #95,331
  • Jun 19, 2008 4:17am Jun 19, 2008 4:17am
Daily Pivots: (S1) 210.71; (P) 211.10; (R1) 211.80;
GBP/JPY's retreat from 212.82 was contained at 210.41 and rebounds strongly today. Further break of 212.82 will indicate that recent rally from 199.78 has resumed for mentioned key medium term resistance of 213.48. Sustained trading above there will argue that a stronger rise is in progress for 100% projection of 192.60 to 208.99 from 199.78 at 216.17 first. On the downside, below 210.41 will indicate fall from 212.82 has resumed. Nevertheless, further rise is still in favor as long as GBP/JPY stays above rising trend line support (now at 206.99).
In the bigger picture, a medium term bottom is in place at 192.60. Though, subsequent price actions are still treated as correction in the whole down trend from 251.09 only. Such correction is still in progress but resistance should start to build up as the cross approaches 213.48 resistance where such correction will complete. However, sustained break of 213.48 resistance will indicate that whole down trend from 251.09 is probably over and will bring stronger rally towards 221.25 support turned resistance. On the downside, break of 199.78 support is needed to indicate that such medium term rise has resumed. In such case, focus will be back to 192.60 low.
  • #95,332
  • Jun 19, 2008 4:17am Jun 19, 2008 4:17am
Quoting lilmoe
didn't get it on the geppy, but got it on calble
Nice my friend
Discipline + Patience - Fear - Greed = Success
  • #95,333
  • Jun 19, 2008 4:19am Jun 19, 2008 4:19am
Quoting dogberry
why 211.50? 50% Fib seems 211.66, daily R1 is the same, 211.66.

just looking at previous resistance..any where around there is probably a sound long entry
Fear's for the other guy
  • #95,334
  • Jun 19, 2008 4:24am Jun 19, 2008 4:24am
Daily 200 sma is going to be tough to break. 212.30
  • #95,335
  • Jun 19, 2008 4:30am Jun 19, 2008 4:30am
This is what I see for GU short term ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 60.gif Size: 39 KB
Discipline + Patience - Fear - Greed = Success
  • #95,336
  • Jun 19, 2008 4:31am Jun 19, 2008 4:31am
Almost a perfect DOJI on the 30min GJ.

I am looking to enter long on a push back down to the Daily R1....
  • #95,337
  • Jun 19, 2008 4:35am Jun 19, 2008 4:35am
hhmmm...enter short here for a possible bigger fall or wait for a pull back to go long...anyone thinking this top will be taken out?
Fear's for the other guy
  • #95,338
  • Jun 19, 2008 4:40am Jun 19, 2008 4:40am
Quoting arezab
This is what I see for GU short term ...
  • #95,339
  • Jun 19, 2008 4:51am Jun 19, 2008 4:51am
well... they're faster then h1 and slower then m30... 1/6 ratio from h4... perfect choice for me .

Quoting arezab
Hi Scrat I'm really going to love your 40M charts ...
Nihil Sine Deo.
  • #95,340
  • Jun 19, 2008 5:08am Jun 19, 2008 5:08am
Quoting karmostaji
The chart is looking bullish to me, 212.75 will be taken out? maybe

I just don't like the fact that price came down only 200-250 pips after 4H candle closed below gann hilo and then just ranged and now the QQE touched 50 line, so it can reverse and close upwards, if it does then I'm eying 213.50 atleast.
nice analyse as always http://qsmile.com/qsimages/83.gif
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