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

  • #104,001
  • Jul 25, 2008 5:51am Jul 25, 2008 5:51am
Quoting Piters
you vote for penetrating this time bro?
i have no idea...
  • #104,002
  • Jul 25, 2008 5:51am Jul 25, 2008 5:51am
Quoting Eulogy
alright i'm new to the lingo round here

What does DP stand for? Decision point?

and lilmoe where is your DP set?
DP = daily pivot. and it's at 213.92 where i'm lookin.
  • #104,003
  • Jul 25, 2008 5:52am Jul 25, 2008 5:52am
Quoting arezab
I don't think so. GU is the one who is driving GJ. It's moving very precisely according to it's channels. There is nothing fishy in this IMO.

I think a %88.6 or at least %78.6 fib retrace of last bear move is going to happen. I'm waiting to close my longs at 215 - 215.30 area.
I agree this move is almost complete GU's doing however if that is so then GU should be at the upper limit of its current downward channel (look at your hourly)
  • #104,004
  • Jul 25, 2008 5:52am Jul 25, 2008 5:52am
dp-daily pivot
  • #104,005
  • Jul 25, 2008 5:54am Jul 25, 2008 5:54am
Quoting arezab
I don't think so. GU is the one who is driving GJ. It's moving very precisely according to it's channels. There is nothing fishy in this IMO.

I think a %88.6 or at least %78.6 fib retrace of last bear move is going to happen. I'm waiting to close my longs at 215 - 215.30 area.
if this is driven by cable, then would u agree it's about to reverse now? or do u think cable's going to breach that bullish flag this time? i just closed my long on cable for good pips... i'll wait and see if cable actually breaks that upper TL...

Attached Image (click to enlarge)
Click to Enlarge Name: cable_4h.gif Size: 18 KB
  • #104,006
  • Jul 25, 2008 5:54am Jul 25, 2008 5:54am
Starting to think GBP/JPY is not for begginer. What pair do you advice for a begginer?
  • #104,007
  • Jul 25, 2008 5:56am Jul 25, 2008 5:56am
Quoting Piters
you vote for penetrating this time bro?
i'm thinking 213.20-213.40 is where a pullback is likely to take us.
  • #104,008
  • Jul 25, 2008 5:57am Jul 25, 2008 5:57am
Quoting connected191
Starting to think GBP/JPY is not for begginer. What pair do you advice for a begginer?

i think any pair is good, u only need to decrease your lot size for GJ...

cable/euro/UJ are good.
  • #104,009
  • Jul 25, 2008 5:57am Jul 25, 2008 5:57am
Quoting connected191
Starting to think GBP/JPY is not for begginer. What pair do you advice for a begginer?

EU or UJ for tame temper
May the pips be with me !!!
  • #104,010
  • Jul 25, 2008 5:58am Jul 25, 2008 5:58am
Quoting Eulogy
I agree this move is almost complete GU's doing however if that is so then GU should be at the upper limit of its current downward channel (look at your hourly)
For now ... may be.

Actually I think GU is in it's second channel inside of it's bull flag. In next weeks we should be witnessing a rally up to 2.0030 and in longer term a developing bull run up to 2.0150 or higher.
Discipline + Patience - Fear - Greed = Success
  • #104,011
  • Jul 25, 2008 6:00am Jul 25, 2008 6:00am
Quoting connected191
Starting to think GBP/JPY is not for begginer. What pair do you advice for a begginer?
gbp/chf behaves like gbp/jpy often, it has correlation.
but not so violent.

short from now.
  • #104,012
  • Jul 25, 2008 6:05am Jul 25, 2008 6:05am
Quoting peaches
gbp/chf behaves like gbp/jpy often, it has correlation.
but not so violent.

short from now.
Ah pity my broker doesnt offer gbp/chf.
In japan all pairs are ***/jpy, plus gbp/us and eur/us.
  • #104,013
  • Jul 25, 2008 6:05am Jul 25, 2008 6:05am
Quoting arezab
For now ... may be.

Actually I think GU is in it's second channel inside of it's bull flag. In next weeks we should be witnessing a rally up to 2.0030 and in longer term a developing bull run up to 2.0150 or higher.
WOWOWOWOW 2.0150 ....Maybe if crazy ...

Hope u happy
  • #104,014
  • Jul 25, 2008 6:07am Jul 25, 2008 6:07am
check it out guys, some similarities here.... this is a 220 pip 4h bar... this usually pulls back 1/2 of that distance, USUALLY, doesn't mean it has to happen now. i shorted now for a starter... i might go long on the next signal up. i hope i'm making the right decision here.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_similarity.gif Size: 27 KB
  • #104,015
  • Jul 25, 2008 6:09am Jul 25, 2008 6:09am
Gentlman it was an honour to ride with you today.I am setting my SL at 21385 and TP at 215.So be it.Enoudh for me today.
QUE thanks for advice today and all the others for posting.See you on monday and have a nice trade.

OUPS!My wife is coming.NICEEE.

This is gonna be such a nice day.
  • #104,016
  • Jul 25, 2008 6:09am Jul 25, 2008 6:09am
Quoting lilmoe
if this is driven by cable, then would u agree it's about to reverse now? or do u think cable's going to breach that bullish flag this time? i just closed my long on cable for good pips... i'll wait and see if cable actually breaks that upper TL...

Attachment
I agree with you but if you take a look at higher TF like H4 you will see GU is developing step by step upwards inside it's channels. I think a serious break out of this bull flag will lead GU up to another channel outside of this bull flag. GU may revisit previous high (1.0150) in long term.

BTW glad you made good pips on this pair. This pair has been clear these last weeks to me. Me today I made a 80+ pips on GU too.

This is what I think:
Attached Image (click to enlarge)
Click to Enlarge Name: gu h4.gif Size: 33 KB
Discipline + Patience - Fear - Greed = Success
  • #104,017
  • Jul 25, 2008 6:11am Jul 25, 2008 6:11am
Is it good now for long....?

Quoting lilmoe
if this is driven by cable, then would u agree it's about to reverse now? or do u think cable's going to breach that bullish flag this time? i just closed my long on cable for good pips... i'll wait and see if cable actually breaks that upper TL...

Attachment
  • #104,018
  • Jul 25, 2008 6:11am Jul 25, 2008 6:11am
Quoting lilmoe
check it out guys, some similarities here.... this is a 220 pip 4h bar... this usually pulls back 1/2 of that distance, USUALLY, doesn't mean it has to happen now. i shorted now for a starter... i might go long on the next signal up. i hope i'm making the right decision here.

Attachment
Agree, except for long. I would not go long until after 0830 and 1000 EST US news.

I suspect we will be revisiting lows already made today.
  • #104,019
  • Jul 25, 2008 6:14am Jul 25, 2008 6:14am
Quoting arezab
I agree with you but if you take a look at higher TF like H4 you will see GU is developing step by step upwards inside it's channels. I think a serious break out of this bull flag will lead GU up to another channel outside of this bull flag. GU may revisit previous high (1.0150) in long term.

BTW glad you made good pips on this pair. This pair has been clear these last weeks to me. Me today I made a 80+ pips on GU too.

This is what I think:

thanks bro, sweet analysis u have over there, makes perfect sense

but this all depends on it breaking that flag. if it doesn't break it today, i'll long the heck out of it next week when it touches the lower part again
  • #104,020
  • Jul 25, 2008 6:15am Jul 25, 2008 6:15am
Quoting airwind
Is it good now for long....?
if it breaks the flag i guess it is.
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