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

  • #116,601
  • Sep 22, 2008 6:18pm Sep 22, 2008 6:18pm
Quoting markam
Everytime it moves up, I add another short to my collection.
hahaha ..same thing here ..
  • #116,602
  • Sep 22, 2008 6:37pm Sep 22, 2008 6:37pm
when the market dumps but the beast refuses to move you know someone big is gunning for it bigtime.
  • #116,603
  • Sep 22, 2008 6:42pm Sep 22, 2008 6:42pm
Quoting Eulogy
when the market dumps but the beast refuses to move you know someone big is gunning for it bigtime.

I have no opinion on gj long term as anything can happen

I was shorting the rallies today as the bearish divergence on the rsi on 5 min chart was telling me to

we have only retraced to 38.2 of move 190 to 197 @ 194.23 and currently we are finding support on the 23% fib retracement 196.40. This is not that bearish . Anything can happen between today and tomorrow and with Asia being closed this pair could really be manipulated between now and London .
Blogging daily now at www.volume.zone
  • #116,604
  • Sep 22, 2008 7:04pm Sep 22, 2008 7:04pm
geppy 4hr looks like its building a fuel depot
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"Millionaires don't use astrology, billionaires do"
  • #116,605
  • Sep 22, 2008 7:10pm Sep 22, 2008 7:10pm
Quoting malcolmb14
I have no opinion on gj long term as anything can happen

I was shorting the rallies today as the bearish divergence on the rsi on 5 min chart was telling me to

we have only retraced to 38.2 of move 190 to 197 @ 194.23 and currently we are finding support on the 23% fib retracement 196.40. This is not that bearish . Anything can happen between today and tomorrow and with Asia being closed this pair could really be manipulated between now and London .
As to my observation, the Geppy is still not traded that low yet due to a lending support from strong Gbp. Aussie dollar is weak today, could very well drag down Gbp later, UJ is also very weak. My target 200 pips down seems reasonable, at around 193.60 area
  • #116,606
  • Sep 22, 2008 7:16pm Sep 22, 2008 7:16pm
I knew early on that it would have problem with volume but up to now this threat being enough
aop
  • #116,607
  • Sep 22, 2008 7:18pm Sep 22, 2008 7:18pm
it is consolidating before going up again.
Nihil Sine Deo.
  • #116,608
  • Sep 22, 2008 7:18pm Sep 22, 2008 7:18pm
Quoting mktjong
As to my observation, the Geppy is still not traded that low yet due to a lending support from strong Gbp. Aussie dollar is weak today, could very well drag down Gbp later, UJ is also very weak. My target 200 pips down seems reasonable, at around 193.60 area


what I know of fibs is that on retracements in strong trends we touch 38.2 % only , we did that last night in Asia and have not retraced to it since.

this could be coling up like a spring ready to break that 197 level ..... seems odd if the bears were to come out to play would they not be here in the low liquidity session where they can push it around with ease ?

the double top on the 4 hour is taking way to much time to work out .... I do not like it.

I do have a small short position that I am a few pips negative in right now and will dump it as soon as I can

I will come back out and play tomorrow.....
Blogging daily now at www.volume.zone
  • #116,609
  • Sep 22, 2008 7:20pm Sep 22, 2008 7:20pm
Quoting malcolmb14
what I know of fibs is that on retracements in strong trends we touch 38.2 % only , we did that last night in Asia and have not retraced to it since.

this could be coling up like a spring ready to break that 197 level ..... seems odd if the bears were to come out to play would they not be here in the low liquidity session where they can push it around with ease ?

the double top on the 4 hour is taking way to much time to work out .... I do not like it.

I do have a small short position that I am a few pips negative in right now and will dump it as soon as I can

I will come back out and play tomorrow.....
Well, let's see. I also have one shorted @196.03 .. shoot for two hundreds pips ..
  • #116,610
  • Sep 22, 2008 7:26pm Sep 22, 2008 7:26pm
Every time it touches the daily pivot it bounces up, somebody is playing the pivot trading line method from one to another. This could get him in trouble if momemtum is not strong enough to push back and forth .. I guess, it is taking advantage of low liquidity. This may not last long.
  • #116,611
  • Sep 22, 2008 7:39pm Sep 22, 2008 7:39pm
this is all, good night
aop
  • #116,612
  • Sep 22, 2008 7:44pm Sep 22, 2008 7:44pm
Quoting mktjong
Every time it touches the daily pivot it bounces up, somebody is playing the pivot trading line method from one to another. This could get him in trouble if momemtum is not strong enough to push back and forth .. I guess, it is taking advantage of low liquidity. This may not last long.
man .. I am out. It just likes to stick at this pivot level ..
  • #116,613
  • Sep 22, 2008 7:50pm Sep 22, 2008 7:50pm
look at this h4 chart, it looks like an incomplete motive wave - during 4th wave, more exactly. my guess is that we will see another push up before a correction to 191/192 area.
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Nihil Sine Deo.
  • #116,614
  • Sep 22, 2008 7:58pm Sep 22, 2008 7:58pm
Glad am out, looks like no fireworks till London
See u in London or New York session .. bye.
  • #116,615
  • Sep 22, 2008 8:51pm Sep 22, 2008 8:51pm
Quoting mktjong
Well, let's see. I also have one shorted @196.03 .. shoot for two hundreds pips ..
hi mktjong
can you direct me to where you posted your trading strategy
cos I want to learn the way you call the mkt and the tf you use
  • #116,616
  • Sep 22, 2008 8:53pm Sep 22, 2008 8:53pm
At last, a small fireworks pop. The hourly macd is about to cross under zero line, and 4 hr is already cross down. This would signal a big move coming. I think some of you who use Auslanco's QQE trade also signals the same information, doesn't it?
  • #116,617
  • Sep 22, 2008 9:04pm Sep 22, 2008 9:04pm
Quoting inemesit
hi mktjong
can you direct me to where you posted your trading strategy
cos I want to learn the way you call the mkt and the tf you use
It's a million dollar question, I can't just tell you like that
You need experience and I would suggest you to learn Auslanco's QQE strategy ..it's quite similar in essence. In addition, it's not an exact science with indicator signals this or that, it must be going this or that way. The indicators will give you a confirmation, but the timing to enter and exit is something that is extremely crucial and it's more of an art. I am still learning too and sharpen my skill daily. Need a lot of practice and better use a demo account before you are comfortable with.
  • #116,618
  • Sep 22, 2008 9:04pm Sep 22, 2008 9:04pm
Quoting mktjong
At last, a small fireworks pop. The hourly macd is about to cross under zero line, and 4 hr is already cross down. This would signal a big move coming. I think some of you who use Auslanco's QQE trade also signals the same information, doesn't it?
I don't have access to the MT4 terminal atm however you can be sure that in this volatile environment, if you get a confirmed signal on the 4hr and longer TF, you should see a swing easily blow past your meagre 200 pip TP
  • #116,619
  • Sep 22, 2008 9:12pm Sep 22, 2008 9:12pm
Quoting Eulogy
I don't have access to the MT4 terminal atm however you can be sure that in this volatile environment, if you get a confirmed signal on the 4hr and longer TF, you should see a swing easily blow past your meagre 200 pip TP
Mostly agree ..
  • #116,620
  • Sep 22, 2008 10:02pm Sep 22, 2008 10:02pm
Came from the weekend, this place is really quiet now, but it took me about 3 hours to review so much info posted here since friday.

we need to stop writing!

BTW is really funny looking the USD/JPY behave "naturally" without specullators!
The market can stay irrational, longer than you can stay solvent.
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