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

  • #107,721
  • Aug 19, 2008 10:37am Aug 19, 2008 10:37am
What's happening boys and girls ?
Been away for a bit, but back in the game.

Hope all have been doing well !!

Happy Trading and many pips to all !!

kujo
  • #107,722
  • Aug 19, 2008 10:40am Aug 19, 2008 10:40am
Is gbp/jpy a buy?

It has moved 1100 pips south in about 6 days. I think a retracement is due to 206.80 area.
  • #107,723
  • Aug 19, 2008 10:47am Aug 19, 2008 10:47am
Quoting lilmoe
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)
Yes of course ... You are right about those divergences on daily and H4 chart. I admit it but I'm not with you about that gravestone on weekly since we have 4 days ahead of us yet for this week to finish. So anything can happen during these days.

I think it is safer to see either a break of those TL's on H4 to confirm the divergences in order to go short or we should wait for that rising triangle to tighten enough. So I think this uptrend should end just around the area you mentioned ... (111.5) area. JMHO ...

I'll start to build shorts there ... but It is just me ...
Discipline + Patience - Fear - Greed = Success
  • #107,724
  • Aug 19, 2008 10:48am Aug 19, 2008 10:48am
Quoting karmostaji
RSI Smoothing period: 5

The rest keep it as it is
Thanks Karmo ...
  • #107,725
  • Aug 19, 2008 10:55am Aug 19, 2008 10:55am
Quoting arezab
Yes of course ... You are right about those divergences on daily and H4 chart. I admit it but I'm not with you about that gravestone on weekly since we have 4 days ahead of us yet for this week to finish. So anything can happen during these days.

I think it is safer to see either a break of those TL's on H4 to confirm the divergences in order to go short or we should wait for that rising triangle to tighten enough. So I think this uptrend should end just around the area you mentioned ... (111.5) area. JMHO ...

I'll start to build shorts there ... but It is just me ...
i like to play it safe too
maybe i got just a bit overexcited, hehehe.

here's a monthly chart.

Attached Image (click to enlarge)
Click to Enlarge Name: uj_monthly.gif Size: 28 KB
  • #107,726
  • Aug 19, 2008 11:06am Aug 19, 2008 11:06am
Quoting kujo17
What's happening boys and girls ?
Been away for a bit, but back in the game.

Hope all have been doing well !!

Happy Trading and many pips to all !!

kujo
He kujo . welcome back I’m riding allot of you trade and scalping strategy
  • #107,727
  • Aug 19, 2008 11:08am Aug 19, 2008 11:08am
Quoting lilmoe
i like to play it safe too
maybe i got just a bit overexcited, hehehe.

here's a monthly chart.

Attachment
I don't like drawdowns in my account ... BTW I don't dare to look at monthly chart ... it's huge and dangerous to play with ...

Discipline + Patience - Fear - Greed = Success
  • #107,728
  • Aug 19, 2008 11:12am Aug 19, 2008 11:12am
Gold is shooooooting up ... It says : "Hey DOLLAR, that is enough !"
Discipline + Patience - Fear - Greed = Success
  • #107,729
  • Aug 19, 2008 11:15am Aug 19, 2008 11:15am
Quoting lilmoe
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)
can you check CRUDE ?
  • #107,730
  • Aug 19, 2008 11:17am Aug 19, 2008 11:17am
Quoting Piters
can you check CRUDE ?
whooaaaaaaaaa
  • #107,731
  • Aug 19, 2008 11:20am Aug 19, 2008 11:20am
Quoting lilmoe
whooaaaaaaaaa
Soowwryy, I was boored, and I bought some BARRELS of OIL.. Hope you are not uppset (just to move the market )
  • #107,732
  • Aug 19, 2008 11:21am Aug 19, 2008 11:21am
Quoting lilmoe
whooaaaaaaaaa
fakeout??
  • #107,733
  • Aug 19, 2008 11:22am Aug 19, 2008 11:22am
Quoting Piters
Soowwryy, I was boored, and I bought some BARRELS of OIL.. Hope you are not uppset (just to move the market )

and took some profit?
  • #107,734
  • Aug 19, 2008 11:27am Aug 19, 2008 11:27am
Quoting lilmoe
and took some profit?
Nahh, maybe when price is back to 146. (investment, mate, investment)
  • #107,735
  • Aug 19, 2008 11:29am Aug 19, 2008 11:29am
Quoting karmostaji
If 1h candle closes above 1h gann, I'm bullish until further notice..
Karmo is starting to enjoy the green pips
Trade what you see, not what you think.
  • #107,736
  • Aug 19, 2008 11:47am Aug 19, 2008 11:47am
With due respect to all great traders over here
This is my first post over here
I am not a big trader but i am trading for quite a 2 years time now
Here is my view as it has been for quite a long time i am following it and the price has respected it
I ONLY REVERSE MY SHORT WHEN ANY OF THESE TRENDLINES ARE BROKEN.
PLEASE LET ME KNOW IF I AM WRONG AS I COULD BE ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: monthly gj.gif Size: 19 KB
Click to Enlarge Name: weekly gj.gif Size: 18 KB
  • #107,737
  • Aug 19, 2008 11:59am Aug 19, 2008 11:59am
man, i leave for an hour and karm drops a long yard on me. next time how about letting me know
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #107,738
  • Aug 19, 2008 12:09pm Aug 19, 2008 12:09pm
Quoting Simpleforex
With due respect to all great traders over here
This is my first post over here
I am not a big trader but i am trading for quite a 2 years time now
Here is my view as it has been for quite a long time i am following it and the price has respected it
I ONLY REVERSE MY SHORT WHEN ANY OF THESE TRENDLINES ARE BROKEN.
PLEASE LET ME KNOW IF I AM WRONG AS I COULD BE ...
You're right. I'm adding small shorts on this downtrend. I hope you are too.
I won't TP until we go below 200 and approach the longer-term uptrend.
When the USD/JPY stalls in the nearterm, this will send the GBP down through 200 so fast our heads will spin.
GBP/JPY is a great pair.
  • #107,739
  • Aug 19, 2008 12:12pm Aug 19, 2008 12:12pm
double top at 205, it should go down now
  • #107,740
  • Aug 19, 2008 12:16pm Aug 19, 2008 12:16pm
Quoting falcon232
You're right. I'm adding small shorts on this downtrend. I hope you are too.
I won't TP until we go below 200 and approach the longer-term uptrend.
When the USD/JPY stalls in the nearterm, this will send the GBP down through 200 so fast our heads will spin.
GBP/JPY is a great pair.
The only small problem is that last time we left the TL was a 800pips ago.. so be carefull with adding shorts or longs, as you are "talking"monthly chart...
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