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

  • #116,661
  • Sep 23, 2008 4:02am Sep 23, 2008 4:02am
Yeah yeah... H5, H4 whatever, Just short this goddamn pair! It's coming down like an A-bomb![/quote]


says who pal? what makes you so sure its going one direction Wackyinvest?
  • #116,662
  • Sep 23, 2008 4:13am Sep 23, 2008 4:13am
hi guys.

nice retrace already happened & the trend will back to
rule the price direction.

here is my chart describe trend direction as everyone know the trend are (up) big time.


i posted here the daily and weekly chart and we all know how the weekly chart is powerfull to anticipate the trend direction.
and as you see no sign of trend reversal all my charts screeming (long) from time ago.
& everytime a retrace happen the price rise again like a rocket.
so only to be in the safe side i have to trade with the trend .


the red arrows in my posts describe my forecasting targets
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 14 KB
  • #116,663
  • Sep 23, 2008 4:15am Sep 23, 2008 4:15am
Quoting auslanco
Hi All. This is what I can see for rest of the day. A break above 197.16 will be a solid breakout to the upside. But I'm favoring 193.40 as a good downside target for the shorts.
what signal gives you a good reason for short?
I recommend you read something else as this sentence is now concluded.
  • #116,664
  • Sep 23, 2008 4:31am Sep 23, 2008 4:31am
mornin all

wot a boring day..baby..tis is turning out to be one of does non eventful weeks

oh well hope us session is alot more active...tis baby is making me dizzy...
  • #116,665
  • Sep 23, 2008 4:38am Sep 23, 2008 4:38am
Observing a possible bearish divergence on RSI 1hr timeframe. USD/JPY shows bullish MACD divergence on 1hr timeframe though. Anyone else notice that?
  • #116,666
  • Sep 23, 2008 4:53am Sep 23, 2008 4:53am
Quoting belekas
Observing a possible bearish divergence on RSI 1hr timeframe. USD/JPY shows bullish MACD divergence on 1hr timeframe though. Anyone else notice that?
The only thing i'm noticing is that G/J is showing a borish divergence because its not freaking moving
  • #116,667
  • Sep 23, 2008 4:58am Sep 23, 2008 4:58am
Quoting Eulogy
The only thing i'm noticing is that G/J is showing a borish divergence because its not freaking moving
Dont forget today is JPY Holiday: Autumnal Equinox Day. Anyway if you want some moovement try casino just for today and you might just satisfy your fast need
  • #116,668
  • Sep 23, 2008 5:43am Sep 23, 2008 5:43am
Be careful with your bias going long because the feds is still working out the bailout plan..It may cause your account to deplet real fast....

Protect your profits in this market or your will be SCREAMING ..

It wll take a long time before we ever get back in the 250 range you pointed out on your chart..



Quoting Tiger Hunter
hi guys.

nice retrace already happened & the trend will back to
rule the price direction.

here is my chart describe trend direction as everyone know the trend are (up) big time.


i posted here the daily and weekly chart and we all know how the weekly chart is powerfull to anticipate the trend direction.
and as you see no sign of trend reversal all my charts screeming (long) from time ago.
& everytime a retrace happen the price rise again like a rocket.
so only to be in the safe side i have to trade with the trend .


the red arrows in my posts describe my forecasting targets
[
  • #116,669
  • Sep 23, 2008 6:00am Sep 23, 2008 6:00am
I'm on the sidelines for now, because of the "USD Paulson, Bernanke Testify on Credit Turmoil at Senate Panel" at 14:00 GMT
  • #116,670
  • Sep 23, 2008 6:03am Sep 23, 2008 6:03am
I believe if the Feds don't have news that is good enough for the market today, we will probably retrace back to the 193.50 area..

The 197.00 on the 4 hr chart tested several times...It will take alot of good fundamentals for this to breakout...



Scenario: The price action will probably retrace back down and test the support area before another run up to the 197 area again..

The QQE crossed down so any price action upward will probably be short lived and pullback fast...Be carefull on the runup unless the QQE is crossup.




Scenario: If the feds convince the market this bailout will workout for everyone than the price action will break thru and retrace up..

The Daily chart upper trendline is holding up.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 53 KB
[
  • #116,671
  • Sep 23, 2008 6:12am Sep 23, 2008 6:12am
Based on the 1 hr chart it shows a range of consolidation between 195.00 and 197.00 ... If I would take a safer trade, I would wait for this range to breakout in either direction .

Plan you trades...

Trade what you see on the chart..

Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr chart.gif Size: 51 KB
[
  • #116,672
  • Sep 23, 2008 6:20am Sep 23, 2008 6:20am
Im long from 195.25 with stop set at 195.40 i think we may see a test of top again around 197 if this breaks see you all at 200.05 any way i have some pips locked in so i can not lose ...

I would stop guessing buy or sell till after the speach from USA later.
Help each other and the world will be saved.
  • #116,673
  • Sep 23, 2008 6:23am Sep 23, 2008 6:23am
completely agree. however, i am not sure about 193 area, we might see first a push (slightly?) above 197, and only then another small/moderate (4-500 pips) - which would be a good occasion to add/open longs.
either way, better to stand aside and watch other pairs.

Quoting rgitt05
Based on the 1 hr chart it shows a range of consolidation between 195.00 and 197.00 ... If I would take a safer trade, I would wait for this range to breakout in either direction .

Plan you trades...

Trade what you see on the chart..

Nihil Sine Deo.
  • #116,674
  • Sep 23, 2008 6:24am Sep 23, 2008 6:24am
Explain how you are long at 195.25 with a stop at 195.40..Is that your target..



Quoting Zulutrader
Im long from 195.25 with stop set at 195.40 i think we may see a test of top again around 197 if this breaks see you all at 200.05 any way i have some pips locked in so i can not lose ...

I would stop guessing buy or sell till after the speach from USA later.
[
  • #116,675
  • Sep 23, 2008 6:29am Sep 23, 2008 6:29am
Quoting rgitt05
Explain how you are long at 195.25 with a stop at 195.40..Is that your target..

I took long at bottom of the move down on a low chart as it moved up i set a stop at 195.40 locking in 15 pips my target is 197.00 were i will close 50% of the trade and move the stop to 195.80 on the rest of the lot i leave open and set new target at 200.00. As i said i have profit locked in so i can not lose this is how i like to play g/j when i trade manual as some may know here i trade 99% of time using an EA on this pair.

Hope this explains
Help each other and the world will be saved.
  • #116,676
  • Sep 23, 2008 6:35am Sep 23, 2008 6:35am
It could go lower for now but I am setting short targets...There is too much jitters for a complete run until the feds finish this bailout plan..

It could go lower now short term with the dow future -25 and the bid spike on the oil..

Scalping is the best way to trade this range until Feds news..

Good luck.


Quoting Scrat
completely agree. however, i am not sure about 193 area, we might see first a push (slightly?) above 197, and only then another small/moderate (4-500 pips) - which would be a good occasion to add/open longs.
either way, better to stand aside and watch other pairs.
[
  • #116,677
  • Sep 23, 2008 6:37am Sep 23, 2008 6:37am
As long as you lockin pips, your system works...



Quoting Zulutrader
I took long at bottom of the move down on a low chart as it moved up i set a stop at 195.40 locking in 15 pips my target is 197.00 were i will close 50% of the trade and move the stop to 195.80 on the rest of the lot i leave open and set new target at 200.00. As i said i have profit locked in so i can not lose this is how i like to play g/j when i trade manual as some may know here i trade 99% of time using an EA on this pair.

Hope this explains
[
  • #116,678
  • Sep 23, 2008 6:40am Sep 23, 2008 6:40am
Quoting rgitt05
It could go lower for now but I am setting short targets...There is too much jitters for a complete run until the feds finish this bailout plan..

It could go lower now short term with the dow future -25 and the bid spike on the oil..

Scalping is the best way to trade this range until Feds news..

Good luck.

Yes it can go lower but to me makes no odds i have profit locked in so i can not lose as i said, if i hit the stop so what im up 15 pips if it does not hit and we spike on the news great ill bank 200 pips or so. As long as i make im happy
Help each other and the world will be saved.
  • #116,679
  • Sep 23, 2008 6:44am Sep 23, 2008 6:44am
just had break of 1 hour pivot by 3-4 pips lets see if it holds for bounce up from 195.68 for all you scalpers tp will be if holds 195.97
Help each other and the world will be saved.
  • #116,680
  • Sep 23, 2008 6:44am Sep 23, 2008 6:44am
Breakout of the 195.00 for safer trade..



Quoting Zulutrader
Yes it can go lower but to me makes no odds i have profit locked in so i can not lose as i said, if i hit the stop so what im up 15 pips if it does not hit and we spike on the news great ill bank 200 pips or so. As long as i make im happy
[
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