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

  • #107,701
  • Aug 19, 2008 7:52am Aug 19, 2008 7:52am
Looking at the charts all the Jpy crosses are ripe for a turn down. They retraced off the initial onslaught on the 13th and are now headed down again.
Patience + Humility + Study = Success
  • #107,702
  • Aug 19, 2008 7:53am Aug 19, 2008 7:53am
Quoting DutchTrader
Looking at the charts all the Jpy crosses are ripe for a turn down. They retraced off the initial onslaught on the 13th and are now headed down again.
when UJ starts to SERIOUSLY FALL they will, don't worry, only a matter of time
  • #107,703
  • Aug 19, 2008 7:53am Aug 19, 2008 7:53am
Quoting lilmoe
HUSSIN, please take a look at UJ's weekly chart
Just returned,
Guys, c'mon DO something.. The price level is same as before.
C'moon, (Trade few Yards, move the market)

Lilmoe, Are you in YM? I am seeing Bubbles BRO
  • #107,704
  • Aug 19, 2008 7:56am Aug 19, 2008 7:56am
Quoting Piters
Just returned,
Guys, c'mon DO something.. The price level is same as before.
C'moon, (Trade few Yards, move the market)

Lilmoe, Are you in YM? I am seeing Bubbles BRO
you bet!
  • #107,705
  • Aug 19, 2008 7:57am Aug 19, 2008 7:57am
IS GBP JPY going to hit 200?
lol
  • #107,706
  • Aug 19, 2008 7:58am Aug 19, 2008 7:58am
I am new to trading GBP/JPY. I am finding this a little confusing at the moment. Maybe those more experienced can help me out.

DJ is has broken out of the consolidation pattern, hence USD should weaken temporarily as the Dow moves down. As a result some volume of USD/JPY will be sold off which should also drag GBP/JPY down. On the other hand GBP/USD should also move up due to long overdue corrections in Sterling. Now I am guessing because Sterling is already under pressure from the fundamentals, the fall in GBP/JPY should continue (maybe not as violently) regardless of Sterling's recovery against USD. Is this the usual case? OR will GBP/JPY be stuck in a range until Cable starts to fall again?
  • #107,707
  • Aug 19, 2008 8:03am Aug 19, 2008 8:03am
Can we all take another 6-8 hours of this BULLSHIT, sorry-ass range ???

HEHE Just checking.....................

  • #107,708
  • Aug 19, 2008 8:05am Aug 19, 2008 8:05am
Quoting Rustyyy
Can we all take another 6-8 hours of this BULLSHIT, sorry-ass range ???

HEHE Just checking.....................

nope
  • #107,709
  • Aug 19, 2008 8:05am Aug 19, 2008 8:05am
What's up MM how is going bro? So bro do you have any comments on AUD/USD? I am seeing a bounce to atleast Daily R2 judging from the Weekley chart and CCI. Almost a gurantee rate cut coming in AUD so probably a down move after that bu just wanted to see what you see on your chart. GJ I am not taking any shorts till we get a close below 203.50. 203.50 is a very significant support and reisistence levels so till we break that I am still bullish on pound and I think pound is up for a correction soon.
  • #107,710
  • Aug 19, 2008 8:06am Aug 19, 2008 8:06am
Quoting sonicdeejay
impressiv..indeed...
using auslanco set up or what tf??
Am looking for a nice scalping methodtoo....

sonic
zerolagstoch indicator for you.

Both of these indicators are similar but one of them (v3) colorizes up and down movements ... use whichever suits you.

Attached File(s)
File Type: mq4 Zerolagstochs.mq4   3 KB | 284 downloads
File Type: mq4 Zerolagstochs_v3.mq4   5 KB | 335 downloads
Discipline + Patience - Fear - Greed = Success
  • #107,711
  • Aug 19, 2008 8:06am Aug 19, 2008 8:06am
Quoting shajib
I am new to trading GBP/JPY. I am finding this a little confusing at the moment. Maybe those more experienced can help me out.

DJ is has broken out of the consolidation pattern, hence USD should weaken temporarily as the Dow moves down. As a result some volume of USD/JPY will be sold off which should also drag GBP/JPY down. On the other hand GBP/USD should also move up due to long overdue corrections in Sterling. Now I am guessing because Sterling is already under pressure from the fundamentals, the fall in GBP/JPY should continue (maybe not as violently) regardless of Sterling's recovery against USD. Is this the usual case? OR will GBP/JPY be stuck in a range until Cable starts to fall again?
Gy moves becouse GBP, USD or YEN strenght/Weaknes. One of the reasons for Today's move is probably this:

Quoting Piters

Yen Rises as Fannie Mae, Freddie Mac Concern Damps Carry Trade Bloomberg - 2 hours ago

http://www.bloomberg.com/apps/news?p...FNI&refer=home
  • #107,712
  • Aug 19, 2008 8:09am Aug 19, 2008 8:09am
seriously guys, this is a perfect setup for a big short on UJ, this might drop a 50% retracement back to 103, i'm not kidding...

even if cable makes a good retracement, i think UJ will be the winner this time dragging GJ DOWN, i mean DOWN...

i'm already scaling shorts on UJ... good luck all!
  • #107,713
  • Aug 19, 2008 8:10am Aug 19, 2008 8:10am
Quoting Rustyyy
Can we all take another 6-8 hours of this BULLSHIT, sorry-ass range ???

HEHE Just checking.....................

i'm quite close to make a free kick to my laptop. like in football
  • #107,714
  • Aug 19, 2008 8:12am Aug 19, 2008 8:12am
but i'm okay
just holding my shorts...
  • #107,715
  • Aug 19, 2008 8:15am Aug 19, 2008 8:15am
Quoting lilmoe
seriously guys, this is a perfect setup for a big short on UJ, this might drop a 50% retracement back to 103, i'm not kidding...

even if cable makes a good retracement, i think UJ will be the winner this time dragging GJ DOWN, i mean DOWN...

i'm already scaling shorts on UJ... good luck all!
We're on the same boat now lilmoe! Making money all the time!
  • #107,716
  • Aug 19, 2008 8:17am Aug 19, 2008 8:17am
Quoting Togy
Karmo .... can you please tell me what your settings are for QQE 5 on VT Trader ? Thank You.
RSI Smoothing period: 5

The rest keep it as it is
Trade what you see, not what you think.
  • #107,717
  • Aug 19, 2008 8:18am Aug 19, 2008 8:18am
If 1h candle closes above 1h gann, I'm bullish until further notice..
Trade what you see, not what you think.
  • #107,718
  • Aug 19, 2008 8:21am Aug 19, 2008 8:21am
Quoting lilmoe
seriously guys, this is a perfect setup for a big short on UJ, this might drop a 50% retracement back to 103, i'm not kidding...

even if cable makes a good retracement, i think UJ will be the winner this time dragging GJ DOWN, i mean DOWN...

i'm already scaling shorts on UJ... good luck all!
I'm not sure if UJ can break 109.30 - 40 (H4 TL) to the down side. I think another wave up is needed for UJ to make it ripe to short it. I might be wrong though.

I'm watching it closely. If I see a convincing breach of this TL, I'll join you with my short.

Edit : adding chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 29 KB
Discipline + Patience - Fear - Greed = Success
  • #107,719
  • Aug 19, 2008 8:26am Aug 19, 2008 8:26am
Quoting arezab
zerolagstoch indicator for you.

Both of these indicators are similar but one of them (v3) colorizes up and down movements ... use whichever suits you.

.

thx Sir...

sonic
  • #107,720
  • Aug 19, 2008 8:31am Aug 19, 2008 8:31am
Quoting arezab
I'm not sure if UJ can break 109.30 - 40 (H4 TL) to the down side. I think another wave up is needed for UJ to make it ripe to short it. I might be wrong though.

I'm watching it closely. If I see a convincing breach of this TL, I'll join you with my short.
other than the gravestone i'm mentioning on the weekly chart, theres a bearish divergence on the dailies and the 4h charts... i'm almost positive it should fall.... i would add more shorts on confirmation. if price bounces back up i will scale more shorts up until 111.50 (161.8 extension)
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