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

  • #109,621
  • Sep 1, 2008 7:54pm Sep 1, 2008 7:54pm
More pips tonite
[
  • #109,622
  • Sep 1, 2008 7:54pm Sep 1, 2008 7:54pm
Quoting malcolmb14
you got over 100 pips..... awesome trade
Yes, I guess so. Thanks .. my daily target is actually 40-80 pips .. don't want to expose my trade for too long on this beast.
  • #109,623
  • Sep 1, 2008 7:55pm Sep 1, 2008 7:55pm
Quoting mktjong
Yes, I guess so. Thanks .. my daily target is actually 40-80 pips .. don't want to expose my trade for too long on this beast.

good trading and AWESOME risk management
Blogging daily now at www.volume.zone
  • #109,624
  • Sep 1, 2008 7:56pm Sep 1, 2008 7:56pm
  •  Hamsoj
  • | Joined Jul 2008 | Status: The humble at heart shall see God | 18 Posts
Anyone with the clue on GJ when this long trend is going to end??
  • #109,625
  • Sep 1, 2008 7:58pm Sep 1, 2008 7:58pm
  •  Hamsoj
  • | Joined Jul 2008 | Status: The humble at heart shall see God | 18 Posts
Quoting rgitt05
More pips tonite


ARe you long on it and short?
  • #109,626
  • Sep 1, 2008 7:59pm Sep 1, 2008 7:59pm
Quoting Hamsoj
Anyone with the clue on GJ when this long trend is going to end??

195 ...... if this breaks then 196 , and move target up in 50 pips increments till we break back below a whole number .

Ie right now if 194 fails short term rally may be over.
Blogging daily now at www.volume.zone
  • #109,627
  • Sep 1, 2008 7:59pm Sep 1, 2008 7:59pm
Quoting Hamsoj
ARe you long on it and short?
long have you seen UJ ?

also gu heading up 10 min chart
Blogging daily now at www.volume.zone
  • #109,628
  • Sep 1, 2008 8:00pm Sep 1, 2008 8:00pm
I getting greedy but it payback time for 24 hr watching a whole day of consolidation...

[
  • #109,629
  • Sep 1, 2008 8:02pm Sep 1, 2008 8:02pm
got to love those fib expansions ..... closed long 193.95 to 194.70

right on target

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 156 KB
Blogging daily now at www.volume.zone
  • #109,630
  • Sep 1, 2008 8:04pm Sep 1, 2008 8:04pm
nice 4 hr candle close maybe long half way back down the wick.. any thoughts guys
Price does what price wants , I just need to be prepared.
  • #109,631
  • Sep 1, 2008 8:09pm Sep 1, 2008 8:09pm
Quoting malcolmb14
got to love those fib expansions ..... closed long 193.95 to 194.70

right on target

Attachment
It is also right on 4hr 5 sma, a very powerful indicator.
  • #109,632
  • Sep 1, 2008 8:09pm Sep 1, 2008 8:09pm
Quoting malcolmb14
long have you seen UJ ?

also gu heading up 10 min chart
now 5 min is changing ....

there is a bearish engulfing candle .....

maybe we head down for a bit

I am flat ..

done for day

+70 , +15 , +85


someone asked how to use FE ...fib expansions i never take trade till price is over the 38.2 ....

lets assume this is a trend reversal here .... on a 5 min .. plotted fib expansion to downside , high , low and lower high . There is no right or wrong way of drawing these or choosing points on your charts as fib ALL over lap .

So now IF I was to go short i would wait for confirmation of trend reversal and go short UNDER 38.2 % fe at 193.8

This also take us under the 8 and 13 sma ( note these are both fib numbers on the moving average)

Sure it is 100 pips away ... but these market are unusual and typically it is only 20 -30 pips away. It is a safe way to trade in my opinion.

Not telling you how to trade .... just showing you what I do ....

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 148 KB
Blogging daily now at www.volume.zone
  • #109,633
  • Sep 1, 2008 8:12pm Sep 1, 2008 8:12pm
I believe the news will be bad for australian...

More strength for the US..

Release DateActualForecastPreviousJul 29, 2008
-0.7%
1.0%
-7.2%http://www.forexfactory.com/images/m...us_revised.gif
Jul 1, 2008
-6.5%
-3.3%
5.4%http://www.forexfactory.com/images/m...us_revised.gif
Jun 2, 2008
7.8%
-0.9%
-5.5%http://www.forexfactory.com/images/m...us_revised.gif
Related ItemsThere are no related items linked to this event.



More pips tonite for the GJ..

waiting ....
[
  • #109,634
  • Sep 1, 2008 8:13pm Sep 1, 2008 8:13pm
Quoting malcolmb14
now 5 min is changing ....

there is a bearish engulfing candle .....

maybe we head down for a bit

I am flat ..

done for day

+70 , +15 , +85


someone asked how to use FE ...fib expansions i never take trade till price is over the 38.2 ....

lets assume this is a trend reversal here .... on a 5 min .. plotted fib expansion to downside , high , low and lower high . There is no right or wrong way of drawing these or choosing points on your charts as fib ALL over lap .

So now IF I was to go short i would wait for confirmation of trend reversal and go short UNDER 38.2 % fe at 193.8

This also take us under the 8 and 13 sma ( note these are both fib numbers on the moving average)

Sure it is 100 pips away ... but these market are unusual and typically it is only 20 -30 pips away. It is a safe way to trade in my opinion.

Not telling you how to trade .... just showing you what I do ....

Attachment

also is safe trade under 38.2 as this would be breakdown of channel bottom

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 152 KB
Blogging daily now at www.volume.zone
  • #109,635
  • Sep 1, 2008 8:15pm Sep 1, 2008 8:15pm
Holy UJ manipulation batmen .....
Blogging daily now at www.volume.zone
  • #109,636
  • Sep 1, 2008 8:16pm Sep 1, 2008 8:16pm
Quoting rgitt05
I believe the news will be bad for australian...

More strength for the US..

Release DateActualForecastPreviousJul 29, 2008
-0.7%
1.0%
-7.2%http://www.forexfactory.com/images/m...us_revised.gif
Jul 1, 2008
-6.5%
-3.3%
5.4%http://www.forexfactory.com/images/m...us_revised.gif
Jun 2, 2008
7.8%
-0.9%
-5.5%http://www.forexfactory.com/images/m...us_revised.gif
Related ItemsThere are no related items linked to this event.



More pips tonite for the GJ..

waiting ....

watch audusd news but trade gbpaud ..... that pairs is insane ALL the time like gj is now
Blogging daily now at www.volume.zone
  • #109,637
  • Sep 1, 2008 8:20pm Sep 1, 2008 8:20pm
UJ needs to break the 108.50 range again for another possible 100 pips for the GJ..

waiting for the news...9:30 pm

[
  • #109,638
  • Sep 1, 2008 8:26pm Sep 1, 2008 8:26pm
Sept. 2 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate for the first time in seven years and may signal further reductions in coming months as the nation's 17-year economic expansion slows.

FUN damental...


More pips tonite..
[
  • #109,639
  • Sep 1, 2008 8:27pm Sep 1, 2008 8:27pm
Quoting malcolmb14
watch audusd news but trade gbpaud ..... that pairs is insane ALL the time like gj is now
would luv it if Oanda offered that cross. Prolly horrified at the spread though. what platform offers it and at what spread?
  • #109,640
  • Sep 1, 2008 8:31pm Sep 1, 2008 8:31pm
Quoting rgitt05
Sept. 2 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate for the first time in seven years and may signal further reductions in coming months as the nation's 17-year economic expansion slows.

FUN damental...


More pips tonite..
90 day bank bills have already priced in a 90% chance of a 50 bps cut within the next 2 RBA meetings. Most likely get 2 successive 25 cuts.

Its probably the only reason why the ASX just has its head above the break even point today.
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