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

  • #98,641
  • Jul 2, 2008 8:29am Jul 2, 2008 8:29am
if GJ goes back to 211.70 and bounces AGAIN from there, i'll close most of my longs.... if i see a ping pong racket i'll break it.
  • #98,642
  • Jul 2, 2008 8:30am Jul 2, 2008 8:30am
Quoting lilmoe
also a 50% retrace from the latest rally.
Yep, 1H [5sma] retrace, also 50% retrace from latest one...

Now, watch DOW reaction... (Boiler Room, or Reality Check)
  • #98,643
  • Jul 2, 2008 8:37am Jul 2, 2008 8:37am
Quoting Piters
Yep, 1H [5sma] retrace, also 50% retrace from latest one...

Now, watch DOW reaction... (Boiler Room, or Reality Check)
this shitty market sure is something to laugh about...
  • #98,644
  • Jul 2, 2008 8:38am Jul 2, 2008 8:38am
i started shorting from 211.63 i think this pair will go down soon.
  • #98,645
  • Jul 2, 2008 8:46am Jul 2, 2008 8:46am
Quoting Piters
Yep, 1H [5sma] retrace, also 50% retrace from latest one...

Now, watch DOW reaction... (Boiler Room, or Reality Check)
by the way, isn't a 2000 pip fall on the dow last month enough for you greedy guys? loool

common, benny said the market is good

i really think it should retrace up not less than anoter 400 pips (in addition to the 200 pip rally yesterday), that would be a 5sma weekly retracement.
  • #98,646
  • Jul 2, 2008 8:47am Jul 2, 2008 8:47am
IF UJ manages to get up to 108 and GU holds for a while, GJ should get up to 215-ish, and at that point, GU may fall to 1.97ish, bringing GJ down again to 210-ish again.
  • #98,647
  • Jul 2, 2008 8:49am Jul 2, 2008 8:49am
Quoting lilmoe
this shitty market sure is something to laugh about...
I am amazed of DOW pumping; mate, If you remember the movie THE BOILER ROOM, then you know what I am talking about:


Just open finance.google.com, some of the headlines:

1. Starbucks closing 600 stores, cut 7% of its workforce
2. ADP shows biggest job loss in nearly 6 years
3. Car sales at 10Years Low.
4.
5.
..... etc.

THIS IS NOT A JOKE... but the DOW reaction IS..
  • #98,648
  • Jul 2, 2008 8:52am Jul 2, 2008 8:52am
Quoting msniper
i started shorting from 211.63 i think this pair will go down soon.
What I think is I am staying out for now. Need to see some clear cut direction.
  • #98,649
  • Jul 2, 2008 8:56am Jul 2, 2008 8:56am
Quoting PipChick
What I think is I am staying out for now. Need to see some clear cut direction.
check out WEEKLY STOCHASTIC and tell me your opinion
  • #98,650
  • Jul 2, 2008 8:58am Jul 2, 2008 8:58am
Quoting Piters
I am amazed of DOW pumping; mate, If you remember the movie THE BOILER ROOM, then you know what I am talking about:


Just open finance.google.com, some of the headlines:

1. Starbucks closing 600 stores, cut 7% of its workforce
2. ADP shows biggest job loss in nearly 6 years
3. Car sales at 10Years Low.
4.
5.
..... etc.

THIS IS NOT A JOKE... but the DOW reaction IS..
i fully understand that. and i know the economy hasn't been this bad since many many years. but what the heck changed?? didn't we see even worse data when DJ was climbing a month ago? i'm really losing faith that the stock market really implies the current crappy situation of the economy. but hold it, it did imply.. 2000 pip drop in 1 month.

i'm really not worried what will happen, i'm in either way. i have confirmation for long. won't go short unless i get a reverse confirmation, that being yesterday's low taken out and a daily close below gann. the daily pinbars, and the rejection of lots of support is something that i can't ignore, at least not anymore. i paid a valuable price last month waiting on this freagin fall. i'll jump in when the time's right.
  • #98,651
  • Jul 2, 2008 8:58am Jul 2, 2008 8:58am
Quoting lilmoe
if GJ goes back to 211.70 and bounces AGAIN from there, i'll close most of my longs.... if i see a ping pong racket i'll break it.
As soon as you close your longs, or leave your computer it will go up.
  • #98,652
  • Jul 2, 2008 9:03am Jul 2, 2008 9:03am
Quoting msniper
check out WEEKLY STOCHASTIC and tell me your opinion

take a look at weekly stochs in may 2006, and june 2007...

i really wouldn't trust stochs alone.
  • #98,653
  • Jul 2, 2008 9:04am Jul 2, 2008 9:04am
Quoting Clouds
As soon as you close your longs, or leave your computer it will go up.

lol, i don't see a significant bounce just yet bro.
  • #98,654
  • Jul 2, 2008 9:05am Jul 2, 2008 9:05am
Quoting msniper
check out WEEKLY STOCHASTIC and tell me your opinion
Looked at stochs and also at the downward h/s on the weekely with the rt shoulder around 213.88.
  • #98,655
  • Jul 2, 2008 9:09am Jul 2, 2008 9:09am
Quoting lilmoe
lol, i don't see a significant bounce just yet bro.
True, but would you rather go long GU or long GJ right now? GU looks like it's going up, but it's also very over-priced. GJ looks cheaper. and as long as UJ is above 106, I'd go with GJ for now.
  • #98,656
  • Jul 2, 2008 9:17am Jul 2, 2008 9:17am
Quoting Clouds
True, but would you rather go long GU or long GJ right now? GU looks like it's going up, but it's also very over-priced. GJ looks cheaper. and as long as UJ is above 106, I'd go with GJ for now.
i wouldn't touch cable right now. but i think it should continue doing down.
  • #98,657
  • Jul 2, 2008 9:19am Jul 2, 2008 9:19am
Quoting lilmoe
i wouldn't touch cable right now. but i think it should continue doing down.
Cable looks like it is going into a fresh long to me. I could be wrong, I dont trade it much but was thinking of buying a break of 65-70.
edit: May even be setting up and inverse on the 1 hr. Need a few more candles to confirm that.
  • #98,658
  • Jul 2, 2008 9:20am Jul 2, 2008 9:20am
Quoting lilmoe
i fully understand that. and i know the economy hasn't been this bad since many many years. but what the heck changed?? didn't we see even worse data when DJ was climbing a month ago? i'm really losing faith that the stock market really implies the current crappy situation of the economy. but hold it, it did imply.. 2000 pip drop in 1 month.

i'm really not worried what will happen, i'm in either way. i have confirmation for long. won't go short unless i get a reverse confirmation, that being yesterday's low taken out and a daily close below gann. the daily pinbars, and the rejection of lots of support is something that i can't ignore, at least not anymore. i paid a valuable price last month waiting on this freagin fall. i'll jump in when the time's right.
, about the "price" Yes, I paid as well, nice profit (not locked) and returned to the starting position (with your Granny PONG) !!! luckely I have 6 monitors, so I am SAFE !!

DJ/GY 1000% with you.. I am not expecting GY to follow DJ. with all GU, OIL, Wars, panic... it is a very complex matter anyway (I am running 2 short pos. one from 212.9, and another one 211.8), but as I told you yesterday, I am having a FUN with scalping with my MBT on 1min, and 5min. (collecting 5-20pips) from TA point of view, only Short term..

TA
  • #98,659
  • Jul 2, 2008 9:20am Jul 2, 2008 9:20am
ok guys we all know that UJ = GJ most of the time

so take a look at my UJ analysis and tell me what u think

and then apply what u think on GJ i think u will have great result


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  • #98,660
  • Jul 2, 2008 9:22am Jul 2, 2008 9:22am
Quoting PipChick
Cable looks like it is going into a fresh long to me. I could be wrong, I dont trade it much but was thinking of buying a break of 65-70.
edit: May even be setting up and inverse on the 1 hr. Need a few more candles to confirm that.
careful it may go back to 1.97 before it resumes it's uptrend.
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