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

  • #105,701
  • Aug 5, 2008 11:48pm Aug 5, 2008 11:48pm
Quoting Eulogy
O RLY? and what exactly do you classify as the next high? 218? 220? 257?3000?

and how do you manage to judge that GBP is fundamentally better than JPY?
http://www.pfxglobal.com/gbp-jpy/gbp...x-trading.html
This is where i see on pfxglobal.com... about the fundamental... next high literally meant higher than the previous high

Anyway will be more careful next time... if not some "expert" will start to roar again... Paiseh Paiseh...
Lost...
  • #105,702
  • Aug 5, 2008 11:54pm Aug 5, 2008 11:54pm
This is still what I see.

I do not see this thing going above the blue circle, After that, I think we are looking to make our way back down to the 200 area. Just my opinion. I am not in a GJ trade at the moment but I am leaning towards a small 1% long position.
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Que
  • #105,703
  • Aug 5, 2008 11:59pm Aug 5, 2008 11:59pm
Hi Que,

What is this blue area about? Sorry, newbie here... What I can see from your chart is the orange MA has cross up the blue MA, care to tell me what is the MA(s) you use?
Lost...
  • #105,704
  • Aug 6, 2008 12:02am Aug 6, 2008 12:02am
I am attaching a mirror image of the GBPJPY on a 4 hour chart. Withstanding all inversions, this puppy is currently where the Red arrow is. Notice that if we go left and right from the vertical line, the trend is down.

THere is a double confluence of the Gann fann lines at 210.00

Therefore, I would not doubt that this is the next target. Not sure if it will be reached tomorrow or day after, but the trend, in my humble opinion, is clearly down.

Al
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  • #105,705
  • Aug 6, 2008 12:07am Aug 6, 2008 12:07am
Quoting zebra7860
I am attaching a mirror image of the GBPJPY on a 4 hour chart. Withstanding all inversions, this puppy is currently where the Red arrow is. Notice that if we go left and right from the vertical line, the trend is down.

THere is a double confluence of the Gann fann lines at 210.00

Therefore, I would not doubt that this is the next target. Not sure if it will be reached tomorrow or day after, but the trend, in my humble opinion, is clearly down.

Al
I do not think many people are argueing the statement that we are not only in a downtrend, but also about to be a major drop soon.

What I think people are looking at is what is going to happen in the next 12-24 hours. Just because a major drop apears to be comming, does not mean it will hapen in the next 10 minutes.
Que
  • #105,706
  • Aug 6, 2008 12:10am Aug 6, 2008 12:10am
Quoting ephisi
what do u expect,
i think d reversal is not ripe yet.
we are goint to test 15min 50 and may go back down to set up some kind of bullish divergence. if the bottom holds then the reversal is ripe. But with NFP on d corner, what can i say
Bullish Divergence on 1hr and 4h TF.
A close above 4hr gann should bring longs back into play.
Hope shes still not drunk
Attached Image
  • #105,707
  • Aug 6, 2008 12:13am Aug 6, 2008 12:13am
Quoting worlhin
Hi Que,

What is this blue area about? Sorry, newbie here... What I can see from your chart is the orange MA has cross up the blue MA, care to tell me what is the MA(s) you use?
What you are seeing on my charts are 3 MA's.

EMA 365 (Brown)
EMA 150 (Blue)
EMA 62 (Orange)

I could care less about any crosses as I am not using them for that purpose. I am using them as S/R levels. It is not 100% accurate, but serves as a guideline for trading. So you are looking at a daily Pinbar off a Trendline, 2 MA's and a Price Pivot Zone.

All things being equil I would call this an A+ trade for longs. To bad for us, there is a major trendline another two pretty substancial PPZ's and the EMA 365 in the way of any upwards movement..

Short term I believe it will hit the Blue area. Long term I will be looking for ~200.00.
Que
  • #105,708
  • Aug 6, 2008 12:15am Aug 6, 2008 12:15am
UJ could go down in 20-30 minutes, by my analysis.
  • #105,709
  • Aug 6, 2008 12:16am Aug 6, 2008 12:16am
I entered short here, hmm how will this go...

SL is at 213, just risking 1% so whatever happens
Trade what you see, not what you think.
  • #105,710
  • Aug 6, 2008 12:18am Aug 6, 2008 12:18am
Quoting Clouds
UJ could go down in 20-30 minutes, by my analysis.
what makes you say that?
  • #105,711
  • Aug 6, 2008 12:19am Aug 6, 2008 12:19am
Quoting karmostaji
I entered short here, hmm how will this go...

SL is at 213, just risking 1% so whatever happens
Not what I wanted to hear honestly.

I am long on a 1% trade SL 211.59. The one person I did not want to see calling a long just called a long. I hate self doubt, leads to no good. Gonna ride it out and watch how Karmo is right yet again...
Que
  • #105,712
  • Aug 6, 2008 12:21am Aug 6, 2008 12:21am
Quoting Que
Not what I wanted to hear honestly.

I am long on a 1% trade SL 211.59. The one person I did not want to see calling a long just called a long. I hate self doubt, leads to no good. Gonna ride it out and watch how Karmo is right yet again...
LOL I might be wrong, if we get a candle above 4h gann, my trade will be shot in the head.
Trade what you see, not what you think.
  • #105,713
  • Aug 6, 2008 12:23am Aug 6, 2008 12:23am
Not much room left on the short side. I'm thinking more than 10 minutes ahead though
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  • #105,714
  • Aug 6, 2008 12:23am Aug 6, 2008 12:23am
Quoting rogerdoger
what makes you say that?
its in small triangle, break out i think will happen soon. maybe not a lot of pips, but some if it drops
  • #105,715
  • Aug 6, 2008 12:24am Aug 6, 2008 12:24am
Quoting karmostaji
LOL I might be wrong, if we get a candle above 4h gann, my trade will be shot in the head.
Yea, and my wife MIGHT give me a blowjob tonight just because...

All I am saying is historicaly, when I make a trade and within minutes you make an opposite trade, it generaly means I overlooked something. Not always granted, but in general...
Que
  • #105,716
  • Aug 6, 2008 12:25am Aug 6, 2008 12:25am
Quoting Que
Yea, and my wife MIGHT give me a blowjob tonight just because...

All I am saying is historicaly, when I make a trade and within minutes you make an opposite trade, it generaly means I ovelooked something. Not always granted, but in general...


Let's hope we both win today
Trade what you see, not what you think.
  • #105,717
  • Aug 6, 2008 12:33am Aug 6, 2008 12:33am
short g/j
  • #105,718
  • Aug 6, 2008 12:34am Aug 6, 2008 12:34am
I like the look of that 4hr dragonfly on the 4hr just below gann. Quick short from 212 even
  • #105,719
  • Aug 6, 2008 12:41am Aug 6, 2008 12:41am
Quoting karmostaji


Let's hope we both win today

I'm sure you both will get the job This could be the most likely price action for the next 3 days IMO.
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  • #105,720
  • Aug 6, 2008 12:49am Aug 6, 2008 12:49am
Quoting auslanco
I'm sure you both will get the job This could be the most likely price action for the next 3 days IMO.
I'm really not worried. I use really good and super strict money management. Forex is not exactly exciting heh, have to find something to talk about inbetween trades lol.
Que
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