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

  • #109,341
  • Aug 31, 2008 5:13pm Aug 31, 2008 5:13pm
looks like I closed my shorts too soon, headed down again,
  • #109,342
  • Aug 31, 2008 5:14pm Aug 31, 2008 5:14pm
Hi all - there is a real reason: GBP is getting killed since the UK chancellor (aka finance minister in other countries) gave an unusually frank interview published on Saturday where he stated that the UK economy is much worse than he thought and worst since 60 years / since WW2!

Quoting malcolmb14
I would not chase this down . I would wait for the retrace . if there is not one then wait for next bear flag to form then get in the short.

I hate chasing stuff down ... specially premarket .. put it this way ... the time the move form 200 to 215 happened it started EXACTLY LIKE this with a 200 pip drop for no real reason .....
Consistency and patience is everything
  • #109,343
  • Aug 31, 2008 5:14pm Aug 31, 2008 5:14pm
Quoting malcolmb14
long 196.15 .. .wish me luck lol
u out?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #109,344
  • Aug 31, 2008 5:15pm Aug 31, 2008 5:15pm
confused


ok so is this drop because of hurricane???

Oil only gapped $1.5 is is no where near the recent highs ....

I smell something fishy


and why is gbpusd heading down when all other usd poairs the usd is getting weaker ????

looking to add long 195.6
Blogging daily now at www.volume.zone
  • #109,345
  • Aug 31, 2008 5:16pm Aug 31, 2008 5:16pm
Quoting Geldmeister
Hi all - there is a real reason: GBP is getting killed since the UK chancellor (aka finance minister in other countries) gave an unusually frank interview published on Saturday where he stated that the UK economy is much worse than he thought and worst since 60 years / since WW2!

now that makes sense
Blogging daily now at www.volume.zone
  • #109,346
  • Aug 31, 2008 5:16pm Aug 31, 2008 5:16pm
i don't trade like that. i have a long term target @ 178 or i'll get out when weekly trend changes again.
in this case i'm thinking some fib levels should stop this, at least temporary. 195.2? 193.9? i don't know...

Quoting bmvmx
Scrat, what number are you targeting for today.
Nihil Sine Deo.
  • #109,347
  • Aug 31, 2008 5:17pm Aug 31, 2008 5:17pm
Its all about UJ stupid.

*paraphrasing the "its the economy stupid*
Patience + Humility + Study = Success
  • #109,348
  • Aug 31, 2008 5:17pm Aug 31, 2008 5:17pm
Quoting Geldmeister
Hi all - there is a real reason: GBP is getting killed since the UK chancellor (aka finance minister in other countries) gave an unusually frank interview published on Saturday where he stated that the UK economy is much worse than he thought and worst since 60 years / since WW2!

Of course, I have been saying for the past year that the UK is doomed.
  • #109,349
  • Aug 31, 2008 5:18pm Aug 31, 2008 5:18pm
as I just said, the UK chancellor talked the £ down big time

now the question is: will the fall end at 1.80XX or freefall towards 1.70XX???

any ideas?
Consistency and patience is everything
  • #109,350
  • Aug 31, 2008 5:21pm Aug 31, 2008 5:21pm
Quoting Scrat
i don't trade like that. i have a long term target @ 178 or i'll get out when weekly trend changes again.
in this case i'm thinking some fib levels should stop this, at least temporary. 195.2? 193.9? i don't know...
One question, If you trade only at weekly, when and how do you decide to close previous trades and enter new ones.
The market can stay irrational, longer than you can stay solvent.
  • #109,351
  • Aug 31, 2008 5:25pm Aug 31, 2008 5:25pm
What I see now, GJ reaction at the moment is totally depend on UJ movement. From UJ H1 chart, UJ has potential room for down. If this true, GJ will go down further.
  • #109,352
  • Aug 31, 2008 5:28pm Aug 31, 2008 5:28pm
I see a hold line (ascending ltl) on monthly. Price hit it if not then we are very close. Price might bounce or stall. TWT
  • #109,353
  • Aug 31, 2008 5:29pm Aug 31, 2008 5:29pm
i don't trade at weekly, not with g-j anyway.
what i'm trying to say is that weekly trend is down again, so my bias is bearish long term. and i will continue to be bearish until we hit either monthly support trend line @ 176 area or break weekly resistance line (the green one on this chart) upwards.
hope this helps...

Quoting bmvmx
One question, If you trade only at weekly, when and how do you decide to close previous trades and enter new ones.
Attached Image (click to enlarge)
Click to Enlarge Name: gjw.gif Size: 21 KB
Nihil Sine Deo.
  • #109,354
  • Aug 31, 2008 5:31pm Aug 31, 2008 5:31pm
It was formed on both GU and GJ - it should dbe filled! Waiting for a retracement...
  • #109,355
  • Aug 31, 2008 5:32pm Aug 31, 2008 5:32pm
Quoting PandoraBox
What I see now, GJ reaction at the moment is totally depend on UJ movement. From UJ H1 chart, UJ has potential room for down. If this true, GJ will go down further.
hmm.. not yet? i think we need more confirmation..

http://img254.imageshack.us/img254/3083/h4zi8.gif
  • #109,356
  • Aug 31, 2008 5:33pm Aug 31, 2008 5:33pm
it will be filled, but it may take days.

Quoting Tovinces
It was formed on both GU and GJ - it should dbe filled! Waiting for a retracement...
Nihil Sine Deo.
  • #109,357
  • Aug 31, 2008 5:37pm Aug 31, 2008 5:37pm
Quoting malcolmb14
confused


ok so is this drop because of hurricane???

Oil only gapped $1.5 is is no where near the recent highs ....

I smell something fishy


and why is gbpusd heading down when all other usd poairs the usd is getting weaker ????

looking to add long 195.6

stopped dead 196.70 (30 pip line from dp) added there

loving the morning star formation 10 min
Blogging daily now at www.volume.zone
  • #109,358
  • Aug 31, 2008 5:38pm Aug 31, 2008 5:38pm
Quoting malcolmb14
stopped dead 196.70 (30 pip line from dp) added there

loving the morning star formation 10 min

note this is ONLY a day trade
Blogging daily now at www.volume.zone
  • #109,359
  • Aug 31, 2008 5:40pm Aug 31, 2008 5:40pm
Quoting malcolmb14
note this is ONLY a day trade

moved stop break even second long entry 195.7
Blogging daily now at www.volume.zone
  • #109,360
  • Aug 31, 2008 5:44pm Aug 31, 2008 5:44pm
Quoting malcolmb14
moved stop break even second long entry 195.7
sorry ..wrong charts ! ... where do u plan this will go up till ??
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