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

  • #98,081
  • Jul 1, 2008 12:58am Jul 1, 2008 12:58am
Quoting mjolimer
I'll take it short again if the 1h qqe crosses back over 50 and the 1h candle forms below gann.

i wont take a long until the 4h qqe crosses and the candle forms above the 4h gann.

It looks like it could go either way at this stage... but short looks a closer opportunity than the long for me right now.

Hope you all made money on the earlier short trade. I took 2/3 of my profits on the resistance but got stopped out on the last third.

Would be nice if it had gone down to the bottom but as long as it makes a profit then I guess i shouldn't grumble.

Always more opportunities, just don't know which way just yet..

John
A little disappointing for me, but no big deal. I'll take the same setup again if it presents itself. I like your plan!

  • #98,082
  • Jul 1, 2008 1:06am Jul 1, 2008 1:06am
Quoting mjolimer
I'll take it short again if the 1h qqe crosses back over 50 and the 1h candle forms below gann.

i wont take a long until the 4h qqe crosses and the candle forms above the 4h gann.

It looks like it could go either way at this stage... but short looks a closer opportunity than the long for me right now.

Hope you all made money on the earlier short trade. I took 2/3 of my profits on the resistance but got stopped out on the last third.

Would be nice if it had gone down to the bottom but as long as it makes a profit then I guess i shouldn't grumble.

Always more opportunities, just don't know which way just yet..

John
thanks john, i didnt make lots of profit today or yesterday. i'm calling it a day. i will be back later in mid NY session.

good luck all!
  • #98,083
  • Jul 1, 2008 1:07am Jul 1, 2008 1:07am
Quoting Clouds
wait 8 minutes for unemployment GE may show direction. I sort of am getting like ping pong though.

lol, i strongly HATE ping pong looool
  • #98,084
  • Jul 1, 2008 1:07am Jul 1, 2008 1:07am
11:30 GBPhttp://www.forexfactory.com/images/m...mpact_high.gifManufacturing PMI


anyone can ellaborate a little about effect we might have on the GBP? thank you
  • #98,085
  • Jul 1, 2008 1:13am Jul 1, 2008 1:13am
As long as we stay below 4HR 50EMA and 4HR Gann at same level I am short. 211.65 +/- a couple pips.
4hr open above I am long.
S/L recent spike high. 212.00
  • #98,086
  • Jul 1, 2008 1:13am Jul 1, 2008 1:13am
i am thinking of shorting cable at 2.0024 with target above DP
  • #98,087
  • Jul 1, 2008 1:14am Jul 1, 2008 1:14am
anything think short GU from 2.0?
  • #98,088
  • Jul 1, 2008 1:15am Jul 1, 2008 1:15am
Quoting msniper
i am thinking of shorting cable at 2.0024 with target above DP
Maybe i should have waited, I'm short from 1.9995, you think it will make it past 2.0?
  • #98,089
  • Jul 1, 2008 1:18am Jul 1, 2008 1:18am
Quoting Clouds
Maybe i should have waited, I'm short from 1.9995, you think it will make it past 2.0?
I have same exact trade.
S/L 2.0010
T/P 100 pips
  • #98,090
  • Jul 1, 2008 1:18am Jul 1, 2008 1:18am
Quoting Clouds
Maybe i should have waited, I'm short from 1.9995, you think it will make it past 2.0?
its hard to guess that

specially 5 , 15 started to give me bearish signs

so i guess u r in a good postion
  • #98,091
  • Jul 1, 2008 1:24am Jul 1, 2008 1:24am
Quoting Clouds
Maybe i should have waited, I'm short from 1.9995, you think it will make it past 2.0?

if it doesn't stop here, then anywhere between 2.0025 - 2.0049

i have a limit sell at 2.0025, sl above 2.0050
  • #98,092
  • Jul 1, 2008 1:29am Jul 1, 2008 1:29am
bearish pattern in 1 hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: gudown.png Size: 22 KB
  • #98,093
  • Jul 1, 2008 1:31am Jul 1, 2008 1:31am
Quoting Rustyyy
I have same exact trade.
S/L 2.0010
T/P 100 pips
Looks like we called it
  • #98,094
  • Jul 1, 2008 1:31am Jul 1, 2008 1:31am
Quoting Clouds
Maybe i should have waited, I'm short from 1.9995, you think it will make it past 2.0?
i joined u at 1.9990 hehe

same time i have short orders at 2.0017 and 2.0023

  • #98,095
  • Jul 1, 2008 1:35am Jul 1, 2008 1:35am
Quoting Clouds
Looks like we called it
Yes sir. Bad data MFG PMI at multi-year lows.

Should pull down G/Y as well.

  • #98,096
  • Jul 1, 2008 1:38am Jul 1, 2008 1:38am
I think this is the first time since last month Major GBP news turn to negative. IMO - NY Big Boys will happy to short this pair.
  • #98,097
  • Jul 1, 2008 1:48am Jul 1, 2008 1:48am
Interesting comment from Action Forex.

GBP/JPY
The pair has been moving within an accurate bearish channel with very strong momentum for 4 days now. The RSI flows high indicating that there is still a lot room for the bearish move. The hourlies also support that notion, however according to it; the uptrend is much more restrained Forex traders have a good opportunity to take advantage of an ongoing downtrend with high profit potential.
  • #98,098
  • Jul 1, 2008 1:59am Jul 1, 2008 1:59am
Major pinocchio on the 1hr almost closed.....
Lemming Forex! The Way to Trade....
  • #98,099
  • Jul 1, 2008 2:04am Jul 1, 2008 2:04am
so the bias is not bearish?

Quoting Rustyyy
Interesting comment from Action Forex.

GBP/JPY
The pair has been moving within an accurate bearish channel with very strong momentum for 4 days now. The RSI flows high indicating that there is still a lot room for the bearish move. The hourlies also support that notion, however according to it; the uptrend is much more restrained Forex traders have a good opportunity to take advantage of an ongoing downtrend with high profit potential.
Nihil Sine Deo.
  • #98,100
  • Jul 1, 2008 2:08am Jul 1, 2008 2:08am
Quoting Scrat
so the bias is not bearish?
Well I am a bit bearish but do not use my bias to trade.

My opinion with these website analysts is bearish as well
I don't put a lot of weight into their analysis.
But I will say that Action is one of the better ones.

They are correct about the downward channel though.

Guess we will see......what do you think my friend ?
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