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

  • #115,941
  • Sep 19, 2008 8:00am Sep 19, 2008 8:00am
Quoting auslanco
Both 4hr and 1hr QQE MUST cross (points) upwards and also the 1hr QQE must be above the 50 line.
this have cleared alot of things, thanks alot...
I recommend you read something else as this sentence is now concluded.
  • #115,942
  • Sep 19, 2008 8:05am Sep 19, 2008 8:05am
closing all longs.... and going short at 195.70, 4h 5sma as first target..
  • #115,943
  • Sep 19, 2008 8:11am Sep 19, 2008 8:11am
Looks like there is no hurdle to climb to 203 - 204 area
  • #115,944
  • Sep 19, 2008 8:17am Sep 19, 2008 8:17am
Quoting lilmoe
closing all longs.... and going short at 195.70, 4h 5sma as first target..
chickened out for 10 pips
  • #115,945
  • Sep 19, 2008 8:19am Sep 19, 2008 8:19am
Quoting lilmoe
closing all longs.... and going short at 195.70, 4h 5sma as first target..

This could have another push up...good luck bro

I dont blame ya
  • #115,946
  • Sep 19, 2008 8:19am Sep 19, 2008 8:19am
Quoting lilmoe
chickened out for 10 pips
Shouldn't you wait till Paulson's speech? Either the Yen pairs will rally after his speech.. or fall - right now they are going crazy in anticipation of the announcement. Funny how oil futures jumped $4!
  • #115,947
  • Sep 19, 2008 8:22am Sep 19, 2008 8:22am
Quoting alsup1955
This could have another push up...good luck bro

I dont blame ya

u might be right... i'm already out.
  • #115,948
  • Sep 19, 2008 8:25am Sep 19, 2008 8:25am
Quoting lilmoe
u might be right... i'm already out.
for how long you've been trading this pair?
I recommend you read something else as this sentence is now concluded.
  • #115,949
  • Sep 19, 2008 8:28am Sep 19, 2008 8:28am
Quoting VishalJ
Shouldn't you wait till Paulson's speech? Either the Yen pairs will rally after his speech.. or fall - right now they are going crazy in anticipation of the announcement. Funny how oil futures jumped $4!
When is the speech (gmt or est)?
  • #115,950
  • Sep 19, 2008 8:28am Sep 19, 2008 8:28am
It'll be fun to see if this falls hard after the announcement/news has been digested.
  • #115,951
  • Sep 19, 2008 8:29am Sep 19, 2008 8:29am
Quoting requin
When is the speech (gmt or est)?
10 am EST.. so about 35-40 minutes more. Crude futures up $5 now. Edit - I'm having one heck of a time scalping GU
  • #115,952
  • Sep 19, 2008 8:32am Sep 19, 2008 8:32am
Ok, called me a suicide bomber or what I shorted @196.3 .. biting my teeth..
  • #115,953
  • Sep 19, 2008 8:32am Sep 19, 2008 8:32am
some pattern observed on gj 1h chart...

I draw the line since morning abt 14 hr ago, but was rushing to work so never really think about it...
Partly bcos i was married to short...
Attached Image
Lost...
  • #115,954
  • Sep 19, 2008 8:34am Sep 19, 2008 8:34am
Quoting Obaidah
for how long you've been trading this pair?
2 years now
  • #115,955
  • Sep 19, 2008 8:35am Sep 19, 2008 8:35am
Quoting mktjong
Ok, called me a suicide bomber or what I shorted @196.3 .. biting my teeth..
did u blow urself up yet? looool


man i'm itching to short too... but but but. with 40 pip 5m bars? hell no.
  • #115,956
  • Sep 19, 2008 8:36am Sep 19, 2008 8:36am
Quoting lilmoe
2 years now
Yo. Hows going buddy? GJ been good to you today?
  • #115,957
  • Sep 19, 2008 8:37am Sep 19, 2008 8:37am
Quoting lilmoe
did u blow urself up yet? looool


man i'm itching to short too... but but but. with 40 pip 5m bars? hell no.
I pulled the trigger a bit too soon. I think it will consolidate a bit.. since DOw future or now up a lot. Usually in the first ten minutes stocks open is crazy then it reaches the peak and start to consolidate and up again.
Added a couple more ..
  • #115,958
  • Sep 19, 2008 8:38am Sep 19, 2008 8:38am
Quoting belekas
Yo. Hows going buddy? GJ been good to you today?
yo there how ya been?

GJ's good, it's my long from the other day, didn't close it till 60 pips ago, hehe, nice 600 pips there

UJ's being a bitch though...
  • #115,959
  • Sep 19, 2008 8:39am Sep 19, 2008 8:39am
Quoting auslanco
It's highly unlikely GJ will go pass the weekly 5sma(close). The pair could peak for the day soon, and a consolidation or pull back for rest of the day. It really needs something very spacial for GJ to break the weekly 5sma to the upside within this week. Todays' Close above 192 will confirm the rally towards 198-200 in the coming weeks.

I'm done for the week. Happy hunting everyone and good luck

Seems we will hit it today lol
  • #115,960
  • Sep 19, 2008 8:41am Sep 19, 2008 8:41am
Quoting mktjong
I pulled the trigger a bit too soon. I think it will consolidate a bit.. since DOw future or now up a lot. Usually in the first ten minutes stocks open is crazy then it reaches the peak and start to consolidate and up again.
Added a couple more ..

u see, i also thought we should be topping out (considering the possibility of a rectangle pattern on the 4h and dailies), but when i'm not supported with any bearish divergence at all, i chicken out.
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