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

  • #120,381
  • Oct 8, 2008 5:41pm Oct 8, 2008 5:41pm
Quoting lilmoe
forgot to mention that UJ also has a good bullish divergence on 4h, it has completed a daily 78.6 fibo and should retrace back to at least 61.8 at 101.43. it might reach 50% at 103.19 then come back down for another journey on my crapper.

if GJ goes to test the bottom again, i'll go long again.

Lilmoe,

What do you think about GU? could it tank without a retrace as we are at the lows.
  • #120,382
  • Oct 8, 2008 5:44pm Oct 8, 2008 5:44pm
Quoting hansel
I've never traded GBPAUD before, but it sure seems to move fast. Do you still expect it to go down to 2.4500 later today?

that earlier statement was before the dj dropped 400 ppointsin to close .... and the GBPAUD moved up 500 pips.

There is a support level at 2.5500 amd 50% retrace is 2.4500 , BUT and a BIG but the AUD has a strong correlation with the

Reuters/Jefferies CRB Index

If this goes down as it did onto close then the aud will get weaker .... compare audusd versus this CRB index

In other words markets up = audusd up , markets down = audusd down , gbpaud up







Blogging daily now at www.volume.zone
  • #120,383
  • Oct 8, 2008 5:49pm Oct 8, 2008 5:49pm
Quoting mktjong
Maybe can code it into an EA .. to become a cold blood pips collector :-)
Trading anywhere while swimming and scuba diving in the sea .. as it were for me

I have one of those wonderful robot things that has never lost in 9 years according to their ad... guess what it lost 5 times in a row for me as soon as i started using it lol

my rsi system gave me long on 5 min just now , I did not place trade as we are just under a T3 and 33 sma line and due to time of day. only gbpaud trades are placed this time of day,

I do like the human element as sometimes you may not want to place the trade.

If i was a computer whiz i would create a trading bot using my system but I have no clue how to do it. It would be interesting to see how it would work
Blogging daily now at www.volume.zone
  • #120,384
  • Oct 8, 2008 6:08pm Oct 8, 2008 6:08pm
Quoting alearner
Lilmoe,

What do you think about GU? could it tank without a retrace as we are at the lows.
i haven't been following cable lately, but buy looking at the charts, cable has closed below a monthly 61.8 fibo, if thursday also closes below that level (1.7311) then it should tank hard. hope that helps
  • #120,385
  • Oct 8, 2008 6:16pm Oct 8, 2008 6:16pm
Quoting lilmoe
i haven't been following cable lately, but buy looking at the charts, cable has closed below a monthly 61.8 fibo, if thursday also closes below that level (1.7311) then it should tank hard. hope that helps

so that would mean I see my 1000 pips lower in gbpaud .... maybe tomorrow on rate cut out of UK ,.. maybe they will not cut again after the rate cut last night
Blogging daily now at www.volume.zone
  • #120,386
  • Edited 6:29pm Oct 8, 2008 6:20pm | Edited 6:29pm
Here is my GJ monthly view.

76.8% at 158.00 area

You be the judge!!!



GJ is a beast..I don't think anything can stop it now..

All the funds exhausted globally...
Attached Image (click to enlarge)
Click to Enlarge Name: monthly gj.gif Size: 55 KB
[
  • #120,387
  • Oct 8, 2008 6:22pm Oct 8, 2008 6:22pm
Oh I hope not that low. I did see that line as well, but it seems so far.

Quoting peaches
148.

But not this asian session. this session is for the bulls
Regards, Android.
  • #120,388
  • Oct 8, 2008 6:27pm Oct 8, 2008 6:27pm
Quoting rgitt05
Here is my GJ monthly view.

76.8% at 158.00 area

You be the judge!!!



GJ is a breast..I don't think anything can stop it now..

All the funds exhausted globally...

Im with you on this one. Very likely since the break of the long monthly trendline.

But I ask you, why a breast, I like a pair, not just one.
jk brother
  • #120,389
  • Oct 8, 2008 6:28pm Oct 8, 2008 6:28pm
Quoting android
Oh I hope not that low. I did see that line as well, but it seems so far.
put it this way dj is going sub 8000 ... maybe 7500

there is a very strong correlation with the dj and gj right now.

that 150 level does not really seem that far away
Blogging daily now at www.volume.zone
  • #120,390
  • Oct 8, 2008 6:28pm Oct 8, 2008 6:28pm
Quoting m00jiman
Im with you on this one. Very likely since the break of the long monthly trendline.

But I ask you, why a breast, I like a pair, not just one.
jk brother

isn't it a pair ? in forex terms ....lol
Blogging daily now at www.volume.zone
  • #120,391
  • Oct 8, 2008 6:30pm Oct 8, 2008 6:30pm
Thanks for the correction...LOL




Quoting m00jiman
Im with you on this one. Very likely since the break of the long monthly trendline.

But I ask you, why a breast, I like a pair, not just one.
jk brother
[
  • #120,392
  • Oct 8, 2008 6:33pm Oct 8, 2008 6:33pm
Quoting malcolmb14
put it this way dj is going sub 8000 ... maybe 7500

there is a very strong correlation with the dj and gj right now.

that 150 level does not really seem that far away
i'm with u on this fall, but i think we might see some correction (massive intervention) before those governments run out of shots, and when they do (like markam said), it's going to be freaking terrifying. just pray u're on the right side of the market
  • #120,393
  • Oct 8, 2008 6:38pm Oct 8, 2008 6:38pm
Quoting lilmoe
i'm with u on this fall, but i think we might see some correction (massive intervention) before those governments run out of shots, and when they do (like markam said), it's going to be freaking terrifying. just pray u're on the right side of the market

hence i like scalping the 5 min chart. Just never know when they are going to intervene or cut rates.
Blogging daily now at www.volume.zone
  • #120,394
  • Oct 8, 2008 6:39pm Oct 8, 2008 6:39pm
Quoting malcolmb14
isn't it a pair ? in forex terms ....lol

Hey malcolmb sorry for being off topic just wanted to know if questrade is any good! I'm currently with fxcm and would like to switch over. Can you tell me the goods/bads about them? How's the platform etc? Thank in advance
  • #120,395
  • Oct 8, 2008 6:43pm Oct 8, 2008 6:43pm
Quoting malcolmb14
hence i like scalping the 5 min chart. Just never know when they are going to intervene or cut rates.
50ema on m5 is really getting on my nerves. GJ.
  • #120,396
  • Oct 8, 2008 6:48pm Oct 8, 2008 6:48pm
Quoting lilmoe
50ema on m5 is really getting on my nerves. GJ.
no doubt... same on the e/j...... looks like it's breaking now..... go baby go...
Addicted and proud of it!
  • #120,397
  • Oct 8, 2008 6:51pm Oct 8, 2008 6:51pm
Quoting PiPsAddict
no doubt... same on the e/j...... looks like it's breaking now..... go baby go...

oh yea, added more longs at 172.04
  • #120,398
  • Oct 8, 2008 6:53pm Oct 8, 2008 6:53pm
Quoting lilmoe
oh yea, added more longs at 172.04
Im waiting for resistance at 172.21. After that, Im gonna be big pippin.
I guess Im not alone on this up move! Long more, lets make more pips!!!
  • #120,399
  • Oct 8, 2008 6:54pm Oct 8, 2008 6:54pm
Quoting lilmoe
i'm with u on this fall, but i think we might see some correction (massive intervention) before those governments run out of shots, and when they do (like markam said), it's going to be freaking terrifying. just pray u're on the right side of the market
About all they have left is nationalization of the banking system. That's coming, and it will really inspire confidence

By the way, you will know it is about over when the Dow and the price of gold are about the same.
  • #120,400
  • Oct 8, 2008 6:55pm Oct 8, 2008 6:55pm
Quoting susufx
Hey malcolmb sorry for being off topic just wanted to know if questrade is any good! I'm currently with fxcm and would like to switch over. Can you tell me the goods/bads about them? How's the platform etc? Thank in advance

fixed spreads are ok ....platform good ... I like the format. If you deposit $10,000 you can get volume and lower spreads ( but like all platforms they can be all over the place)

fast excecutions so far trading 10 lots no issues that i have been having with FXCM
Blogging daily now at www.volume.zone
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