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

  • #100,441
  • Jul 11, 2008 8:37am Jul 11, 2008 8:37am
I'm not done

Playing round 2 now.. lol
Trade what you see, not what you think.
  • #100,442
  • Jul 11, 2008 8:44am Jul 11, 2008 8:44am
Quoting Rustyyy
U/J bottom 105.00 ???
Here is what I see which we must be patient and see if UJ breaks the daily wedge. . . I'm talking longer trade on this. . . Right now I'm monitoring UJ for my other trades if I see a break either way I'll take a trade. . .

If I see support at the bottom of the wedge then I'll go long but not without confirmation!
Attached Image (click to enlarge)
Click to Enlarge Name: uj daily.gif Size: 17 KB
  • #100,443
  • Jul 11, 2008 8:47am Jul 11, 2008 8:47am
Quoting karmostaji
I'm not done

Playing round 2 now.. lol
I hear ya, market is in a frenzy today be careful bro but I know you are a professional so all the best to ya. . .
  • #100,444
  • Jul 11, 2008 8:49am Jul 11, 2008 8:49am
Quoting quecee5
I hear ya, market is in a frenzy today be careful bro but I know you are a professional so all the best to ya. . .
Atleast it's better than being in sleeping mode like it has been the past couple of days lol

Just making quick 50 pips, I've missed trading this beast.. lol
Trade what you see, not what you think.
  • #100,445
  • Jul 11, 2008 8:49am Jul 11, 2008 8:49am
Quoting lilmoe
dow is tanking to the shitter...


Good fo UJ short down to the bottom. . . One should short all rallies in it IMO!
  • #100,446
  • Jul 11, 2008 8:50am Jul 11, 2008 8:50am
Quoting karmostaji
I'm not done

Playing round 2 now.. lol
http://qsmile.com/qsimages/83.gif
wish the best for you bro
  • #100,447
  • Jul 11, 2008 8:51am Jul 11, 2008 8:51am
Whats up with GJ looks like some is buying that sucker it wont go down beatch!
  • #100,448
  • Jul 11, 2008 8:54am Jul 11, 2008 8:54am
Quoting quecee5


Good fo UJ short down to the bottom. . . One should short all rallies in it IMO!

long YM at 11070
  • #100,449
  • Jul 11, 2008 8:55am Jul 11, 2008 8:55am
Updated GJ chart. . .

Short all rallies because it has not bottomed yet. . .
I see 209.60 area as support medium term. ..
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart - gj.gif Size: 14 KB
  • #100,450
  • Jul 11, 2008 8:55am Jul 11, 2008 8:55am
Quoting vinesh2
Whats up with GJ looks like some is buying that sucker it wont go down beatch!
It may have temporarily bottomed out (210.2x area) by looking at co-relation with other pairs.
  • #100,451
  • Jul 11, 2008 8:57am Jul 11, 2008 8:57am
Quoting vinesh2
Whats up with GJ looks like some is buying that sucker it wont go down beatch!


Patience my friend - PATIENCE!

209.63 will be it's home short-term. . .
  • #100,452
  • Jul 11, 2008 8:59am Jul 11, 2008 8:59am
What is happening now?
Remember based on what u said i held on to my GJ when it was against me by 210 pips now i have closed it with 55 =pips gain


Quoting karmostaji
I'm not done

Playing round 2 now.. lol
  • #100,453
  • Jul 11, 2008 9:00am Jul 11, 2008 9:00am
I actually took a long at 210.65 and TP'd at 211.40 so now waiting for it to give me a signal to short. Have also been playing with AUD/USD been good. You are right about diversify playing 2 pairs at a time
  • #100,454
  • Jul 11, 2008 9:01am Jul 11, 2008 9:01am
Quoting lilmoe
long YM at 11070
closed for 38 pips
  • #100,455
  • Edited 9:17am Jul 11, 2008 9:01am | Edited 9:17am
Quoting mktjong
It may have temporarily bottomed out (210.2x area) by looking at co-relation with other pairs.
NOPE!
GJ has more down to go. . .
It's testing support that should now be resistance. . . This will all be negated if it makes a DAILY close above 211.25 for today, then it's back to ranging until it breaks 212.50 then 213.50.

My analysis says 209.63 will be it's home in the short-term so I'll wait for it to close today before making any trades on it. . .
  • #100,456
  • Jul 11, 2008 9:03am Jul 11, 2008 9:03am
Quoting vinesh2
I actually took a long at 210.65 and TP'd at 211.40 so now waiting for it to give me a signal to short. Have also been playing with AUD/USD been good. You are right about diversify playing 2 pairs at a time
Yep, it's a smarter play.. .

I have EU, GU and NZD/USD as long trades with a time frame of 1-2 weeks unless I see otherwise. . . The "BIG BOYS" are also long these pairs so why not follow the MONEY!
  • #100,457
  • Jul 11, 2008 9:09am Jul 11, 2008 9:09am
this was an 61.8 fibo retrace on the 1 h.
  • #100,458
  • Jul 11, 2008 9:12am Jul 11, 2008 9:12am
im hoping my 3 hour g/j chart doesnt close back over 200sma then it could look much nicer for those shorts!
Fear's for the other guy
  • #100,459
  • Jul 11, 2008 9:12am Jul 11, 2008 9:12am
Price is testing 200 SMA (green line) on 1h, only a close above it will convince me of more upside. . . It's hitting it to the PIP!

But looking at ZL Stoch it says it has room to move up a bit but it maybe limited, I'm huessing to the 50 line then back down.

One could wait for a close above 200 SMA to go long or a rejection of it to go short. . .
Right now it's a wait patiently game to enter a safe trade. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart - gj.gif Size: 13 KB
  • #100,460
  • Jul 11, 2008 9:13am Jul 11, 2008 9:13am
Next week will be very exciting. I think from next week on we will see a live market again.

Well I made 120+ on UJ and UC shorts each and a 70+ on EJ short. This 310+ is good for today but I wish I had longs on EU, GU and specially AU

Congrats to everybody here .. to those who waited and stayed patient during this week with such a boring market. I wish they have got lots of green pips as a reward for being patience.

I wish a nice weekend for you guys.
Discipline + Patience - Fear - Greed = Success
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