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

  • #95,581
  • Jun 19, 2008 3:58pm Jun 19, 2008 3:58pm
Quoting vinesh2
Geppy is trading way above DP and is trading above Weekley R1 and Monthly R1 how are we expecting a crash down to 206 area in the coming days? Most likely is not going to happen overnight. Won't it be prudent to place a trade once we get a little closer to Weekley R1?
If there is a fall in UJ down then we could very well see GJ follow it. . .
Not sure it will get to 206.40 area but we could see 211.50, 210.20's or 209.60's. . .
  • #95,582
  • Jun 19, 2008 4:00pm Jun 19, 2008 4:00pm
just a thought about what's going on now. no comments, the chart speaks for itself.
although i might be wrong... but if i see that bull flag broken to the upside i'm going long again.
Attached Image (click to enlarge)
Click to Enlarge Name: gjm40.gif Size: 19 KB
Nihil Sine Deo.
  • #95,583
  • Jun 19, 2008 4:02pm Jun 19, 2008 4:02pm
19:50 GBP/USD: Trades Lower Post Less Than Hawkish Gieve Comments New York, June 19. The BoE"s John Gieve is on the wires this afternoon addressing businesses in the north east of England. The governor has highlighted the highly uncomfortable and tough position that the central bank is now facing having to balance the risks to rising inflation against the threat to a material slowdown in the economy. Overall, from the language it seems as though Gieve has weighted the importance towards the growth side of the equation saying that the MPC was well aware of the risks to trying to get inflation down too quickly and that raising rates too quickly could result in "unnecessary volatility in output and employment." It seems as though the comments have been absorbed by the market with Cable trading down from 1.9740 to 1.9720. [email protected]
  • #95,584
  • Jun 19, 2008 4:10pm Jun 19, 2008 4:10pm
Quoting mktjong
Dude, do u trade Dow? Which broker do u use? I think it's smart and we need to switch to this one as its constant action is more aggressive than Geppy now.
Thanks.

ym is not for ones that cannot manage stop.

Mine are 25 points. If my trade set up is wrong i get out quickly , othgerwise you can be 100 points dowb very quickly.

Today was a nice trading day as she bounced between her open range high ( happpened to be the dialy pivot) and about 12000 ( open rnage low).

it was simple trading YM today .. .even within 1st 3 hours i had 240 point in bank

I use Inifinity futures ......nice day trading platform.
Blogging daily now at www.volume.zone
  • #95,585
  • Jun 19, 2008 4:13pm Jun 19, 2008 4:13pm
Quoting Scrat
sorry, i don't know, i only trade forex.

YM is constant ... $5 per point move per contract , like trading 1/2 a standard lot. You need $500 margin per contract day traded , if you hold overnight margin for 1 contrcat is 3200
Blogging daily now at www.volume.zone
  • #95,586
  • Jun 19, 2008 4:15pm Jun 19, 2008 4:15pm
Quoting mktjong
19:50 GBP/USD: Trades Lower Post Less Than Hawkish Gieve Comments New York, June 19. The BoE"s John Gieve is on the wires this afternoon addressing businesses in the north east of England. The governor has highlighted the highly uncomfortable and tough position that the central bank is now facing having to balance the risks to rising inflation against the threat to a material slowdown in the economy. Overall, from the language it seems as though Gieve has weighted the importance towards the growth side of the equation saying that the MPC was well aware of the risks to trying to get inflation down too quickly and that raising rates too quickly could result in "unnecessary volatility in output and employment." It seems as though the comments have been absorbed by the market with Cable trading down from 1.9740 to 1.9720. [email protected]
Maybe my charts are telling me that u/j will most likely head up just a tiny bit I was thinking if the next 30 min bar closes above 108 we would see 108.20ish before the toyko session and g/u could see 1.9700 ish. before I left the house it looked like u/j would go up a bit than fall to 107 or more and g/u would fall abit than head up to 1.9800 or more but i'm not at home atm to check the new DP's etc. I'll have to recheck my charts when I get home in 2 1/2 hours.
  • #95,587
  • Jun 19, 2008 4:22pm Jun 19, 2008 4:22pm
Quoting lilmoe
the dailies are showing that price has stalled (rejected?) the upper TL of the channel u posted earlier (i have the same one)

price is WAYYY overbought and i'm targeting a 50% retraco from the 400 pip move up today. 400 pips!!! makes GJ look like a pussy "cat".

that entire move up started from a bounce of the daily gann. and right now, i'm waiting on a good setup to add more shorts.

as for a 700 pip drop? VERY possible. the lower TL should be revisited otherwise 50% retraco is sufficient for me
I like how GC moves too.
  • #95,588
  • Jun 19, 2008 4:36pm Jun 19, 2008 4:36pm
i will give this one to you guys ..... merry xmas .. this could be a 600 pip trade

Attached Image (click to enlarge)
Click to Enlarge Name: gc1.png Size: 182 KB
Blogging daily now at www.volume.zone
  • #95,589
  • Jun 19, 2008 4:38pm Jun 19, 2008 4:38pm
Quoting malcolmb14
i will give this one to you guys ..... merry xmas .. this could be a 600 pip trade

Attachment
Im with u on that !
  • #95,590
  • Jun 19, 2008 4:47pm Jun 19, 2008 4:47pm
Quoting OrionsWay
Tomorrow or monday they let the air out of this
I'm with u on this. . .

GBP pairs setting up for a pull back to some degree, that means a sell-off in GU and I see a huge sell-off in UJ down to 106.50 area. What that does for GJ I guess we will all see in the coming days. . .
  • #95,591
  • Jun 19, 2008 4:54pm Jun 19, 2008 4:54pm
Just wanted share my game plan. I see EUR, AUD, NZD good buys. GBP/CHF good sell. I am long AUD, and EUR, and heavily short GBP/CHF and later may pick up NZD. Happy trading.
  • #95,592
  • Jun 19, 2008 4:54pm Jun 19, 2008 4:54pm
Since BOE is now talking about not raising rates we could see a sell off in all GBP pairs. . . The price of raising rates was factors in this run-up. Since that looks to be unlikely we could see the market re-adjust the rates accordingly.

Only time will tell, however I do see at least a pull back to 212.50/211,50 area if nothing else. . .

Lets see how it all plays out. . .
  • #95,593
  • Jun 19, 2008 4:57pm Jun 19, 2008 4:57pm
Quoting malcolmb14
i will give this one to you guys ..... merry xmas .. this could be a 600 pip trade

Attachment

  • #95,594
  • Jun 19, 2008 4:57pm Jun 19, 2008 4:57pm
Quoting lilmoe
the dailies are showing that price has stalled (rejected?) the upper TL of the channel u posted earlier (i have the same one)

price is WAYYY overbought and i'm targeting a 50% retraco from the 400 pip move up today. 400 pips!!! makes GJ look like a pussy "cat".

that entire move up started from a bounce of the daily gann. and right now, i'm waiting on a good setup to add more shorts.

as for a 700 pip drop? VERY possible. the lower TL should be revisited otherwise 50% retraco is sufficient for me
you still trading!? Now I know that's why the geppy don't stop moving north coz you & ur gang always dreaming that it will fall w/c is impossible at this time it is very sad because two weeks ago I posted many times that we are a buyer of geppy targeting 217 but most of you guys don't want to make money always relying on your chart and broken crystal ball if you continue to sell this pair I highly suggest that you better give your money to charitable institution! Wake up guys! The Great Einstein once said "A man should look for what is, and not for what he thinks should be."


Just an info and not a reco!
  • #95,595
  • Jun 19, 2008 4:59pm Jun 19, 2008 4:59pm
Quoting 4x_Trader
you still trading!? Now I know that's why the geppy don't stop moving north coz you & ur gang always dreaming that it will fall w/c is impossible at this time it is very sad because two weeks ago I posted many times that we are a buyer of geppy targeting 217 but most of you guys don't want to make money always relying on your chart and broken crystal ball if you continue to sell this pair I highly suggest that you better give your money to charitable institution! Wake up guys!


Just an info and not a reco!
Pride comes before the fall
Trade what you see, not what you think.
  • #95,596
  • Jun 19, 2008 5:02pm Jun 19, 2008 5:02pm
Quoting 4x_Trader
you still trading!? Now I know that's why the geppy don't stop moving north coz you & ur gang always dreaming that it will fall w/c is impossible at this time it is very sad because two weeks ago I posted many times that we are a buyer of geppy targeting 217 but most of you guys don't want to make money always relying on your chart and broken crystal ball if you continue to sell this pair I highly suggest that you better give your money to charitable institution! Wake up guys!


Just an info and not a reco!
It should fall to 210.5 again, UJ is in a downward channel. GJ in range 213-210.5, until it falls to 207, then back to 217.
  • #95,597
  • Jun 19, 2008 5:02pm Jun 19, 2008 5:02pm
Can some one post a picture of that chinese lady playing ping pong please!
  • #95,598
  • Jun 19, 2008 5:04pm Jun 19, 2008 5:04pm
Quoting Clouds
It should fall to 210.5 again, UJ is in a downward channel. GJ in range 213-210.5, until it falls to 207, then back to 217.
I saw 210.25 area myself but I guess we will soon find out. . .
  • #95,599
  • Jun 19, 2008 5:07pm Jun 19, 2008 5:07pm
Quoting vinesh2
Can some one post a picture of that chinese lady playing ping pong please!
15min, 30min, 1hr and 4hr now looks to want to head south for a run. . .

This is going to be a long day, demand for this pair is still ar'd 210.50 area so this could be a long day for short trades. .
  • #95,600
  • Jun 19, 2008 5:08pm Jun 19, 2008 5:08pm
Quoting 4x_Trader
you still trading!? Now I know that's why the geppy don't stop moving north coz you & ur gang always dreaming that it will fall w/c is impossible at this time it is very sad because two weeks ago I posted many times that we are a buyer of geppy targeting 217 but most of you guys don't want to make money always relying on your chart and broken crystal ball if you continue to sell this pair I highly suggest that you better give your money to charitable institution! Wake up guys! The Great Einstein once said "A man should look for what is, and not for what he thinks should be."


Just an info and not a reco!
Einstein also said the speed of light was a constant that was proved wrong by three different groups last year.
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