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

  • #100,301
  • Jul 10, 2008 6:02pm Jul 10, 2008 6:02pm
Quoting PipLucky
it is smack in the middle of the monthly, I'd still trade with the swap, if a gun was at my head. I don't have a clue as to up or down.

Jeff

'listen if you do not make a decision i am going to blow your brains out'

at least you are honest !!!

Fundies say down and the last three weeks have formed almost the same pattern as the same three weeks last year. If this pattern is to play out we may see the slide starting week of 21st July , lasting into August 15th
Blogging daily now at www.volume.zone
  • #100,302
  • Jul 10, 2008 6:08pm Jul 10, 2008 6:08pm
Ill short anything that moves. AJ/EJ down down! GJ go away!
  • #100,303
  • Jul 10, 2008 6:12pm Jul 10, 2008 6:12pm
Quoting Clouds
Ill short anything that moves. AJ/EJ down down! GJ go away!

There is alway one that is moving .... these days it is euraud , yes that is 650 point move this month . I also really like gbpcad and gbpchf

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 118 KB
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  • #100,304
  • Jul 10, 2008 6:15pm Jul 10, 2008 6:15pm
i'm totally convinced that i will never see levels below 209.00/ for the GBP/Jpy pair.

in the long run 2 to 4 months i think the pair is heading up gradually and maybe reachs up to 217.00/219.00 levels.

I always knew that someday I would make it big
  • #100,305
  • Jul 10, 2008 6:21pm Jul 10, 2008 6:21pm
Quoting malcolmb14
'listen if you do not make a decision i am going to blow your brains out'

at least you are honest !!!

Fundies say down and the last three weeks have formed almost the same pattern as the same three weeks last year. If this pattern is to play out we may see the slide starting week of 21st July , lasting into August 15th
if I down loaded the picture properly, this is how I've been playing this sideways crap. candle floating above or below pivot and outside of Bollenger, take a few pips and close, then watch and wait for the next one, don't get on the wrong side of the swap, depending on time of the day. it's a way of making a few here and there. Oh this is on a 15 minute chart
Attached Image (click to enlarge)
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  • #100,306
  • Jul 10, 2008 6:37pm Jul 10, 2008 6:37pm
Quoting quecee5
UJ will break out to the down side as a top is in place@ 108.50 and has been for some time. EU is headed higher so I see UJ back down to 100/95 area later this year.

As for GJ, it's obvious that some one wants it right were it is. . . It hasn't cracked below 211.24/25 area for over a week now. I think we see 213.50 and attempts at 216 in the next few weeks. . . I'm using this opportunity to buy all dips in GJ with profit target set at 213.50 (1st target) then 214/216 area. . . I believe GU will help get GJ to it's target since it' on it way to test
2.000 again. . .

I'm long GU, EU, GJ, NZD/USD and will add to any slight dips. . .

Targets set at. . .
EU - 1.634
GU - 2.02
GJ - 216.50
NZD/USD - .7720

My target are longer term so we'll see how this plays out. . .
Great outlook
Patience + Discipline - Greed = Success
  • #100,307
  • Jul 10, 2008 6:59pm Jul 10, 2008 6:59pm
jaroo (a la James16 price action and ppz) is long U/J....
Money & Pain Respect the market, protect your capital, be patient
  • #100,308
  • Jul 10, 2008 7:10pm Jul 10, 2008 7:10pm

In between watching (well sometimes I watch) GY meander around in the channel I found this great line in my 27th re-read Of HHGTTG...


"This must be Thursday," said Arthur to himself, sinking low over his beer, "I never could get the hang of Thursdays."

Attached Image
FUBAR...
  • #100,309
  • Jul 10, 2008 7:20pm Jul 10, 2008 7:20pm
Quoting forexer
i'm totally convinced that i will never see levels below 209.00/ for the GBP/Jpy pair.

in the long run 2 to 4 months i think the pair is heading up gradually and maybe reachs up to 217.00/219.00 levels.

Looking at the trend line on the weekly would sure suggest that right =
I'm with u on this one. . .
  • #100,310
  • Jul 10, 2008 7:40pm Jul 10, 2008 7:40pm
i marked the current range levels and i don't even bother trading g-j. it's not going anywhere now.
the problem is, i can't find a decent pair to trade . what happened...
Nihil Sine Deo.
  • #100,311
  • Jul 10, 2008 7:45pm Jul 10, 2008 7:45pm
Quoting Scrat
i marked the current range levels and i don't even bother trading g-j. it's not going anywhere now.
the problem is, i can't find a decent pair to trade . what happened...



Try the Eur/Usd. Been good to me the last couple of days. Currently short at 1.5790.



kingmaker
  • #100,312
  • Edited 8:08pm Jul 10, 2008 7:57pm | Edited 8:08pm
Quoting Scrat
i marked the current range levels and i don't even bother trading g-j. it's not going anywhere now.
the problem is, i can't find a decent pair to trade . what happened...
I put a small lot long on GJ just to collect the daily positive swap while trading other pairs like EU, NZD/USD, GU and of course UJ when it makes a run up top, makes trading it somewhat tolerable. I also always enter short on the high with UJ then ride it down, wait for it to bottom then enter long. I like the range on it because it's going nowhere fast yet. . . You can make $100-$500 doing this while letting your more stable positions run their course. . .

I'm starting to diversify and trade a lot smarter than I have been on the past. . . No more all eggs in one basket type trades or just two pairs at a time. . .
  • #100,313
  • Jul 10, 2008 8:06pm Jul 10, 2008 8:06pm
What's up V? You making them green pips bro?
  • #100,314
  • Jul 10, 2008 8:31pm Jul 10, 2008 8:31pm
daily

mmmm.....price slight uptrend

macd and rsi slight downtrend

Unless that macd crosses up and the histogram goes over zero and the rsi crosses up thru 60 I am thinking down rather than up

Attached Image (click to enlarge)
Click to Enlarge Name: gj4h.jpg Size: 206 KB
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  • #100,315
  • Jul 10, 2008 8:34pm Jul 10, 2008 8:34pm
Quoting Scrat
i marked the current range levels and i don't even bother trading g-j. it's not going anywhere now.
the problem is, i can't find a decent pair to trade . what happened...

I was thinking the same thing ... guess July hit in full force .. typically after 4th July weekend Market goes flat for a few weeks

euraud and gbpchf not bad to trade intraday
gbpcad worth a peak also
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  • #100,316
  • Jul 10, 2008 8:38pm Jul 10, 2008 8:38pm
Quoting malcolmb14
daily

mmmm.....price slight uptrend

macd and rsi slight downtrend

Unless that macd crosses up and the histogram goes over zero and the rsi crosses up thru 60 I am thinking down rather than up

Attachment
I see two short-term targets for scalping 211.91 and 212.22. . . Price is now trading above DP and a 1hr close above it with a candle opening above the last will see 212.22/50 area me think. . .
  • #100,317
  • Jul 10, 2008 8:43pm Jul 10, 2008 8:43pm
morning guys
  • #100,318
  • Jul 10, 2008 8:51pm Jul 10, 2008 8:51pm
Here is the chart I will be working from over the next two session London/NY.

1hr chart 4 u. . .

That's it folks enjoy and good luck in you trading. . .

Long GJ from 211.46 area. . . This trade is purely a scalp, nothing more nothing less . .
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart.gif Size: 16 KB
  • #100,319
  • Jul 10, 2008 10:28pm Jul 10, 2008 10:28pm
Quoting kingmaker
Try the Eur/Usd. Been good to me the last couple of days. Currently short at 1.5790.



kingmaker
Agreed - target around 1.5680
  • #100,320
  • Jul 10, 2008 10:40pm Jul 10, 2008 10:40pm
Quoting PandoraBox
Agreed - target around 1.5680
That seems like a very risky trade (IMHO) as EU is in a strong uptrend and 1.5680 has been tested several times.

According to all TF's EU is headed toward 1.590 area and the pull back will be minimal at best. I'm looking at 1.5830 area as the 1st target. . .

Also support is now at 1.5759 which was massive resistance before turned support. Would be buying on any dips instead of shorting but that's just me. . .

Good luck on that trade. . .
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