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

  • #125,061
  • Oct 22, 2008 6:30pm Oct 22, 2008 6:30pm
Quoting igmak
I'm going to start builing my long positions 158.50 is the first one with tight SL.
UJ is poised to really head south. IMHO, not the best move at the moment.

B
  • #125,062
  • Oct 22, 2008 6:59pm Oct 22, 2008 6:59pm
=
  • #125,063
  • Oct 22, 2008 7:12pm Oct 22, 2008 7:12pm
there is your bottom

cable also
"Millionaires don't use astrology, billionaires do"
  • #125,064
  • Oct 22, 2008 7:15pm Oct 22, 2008 7:15pm
Quoting igmak
I'm going to start builing my long positions 158.50 is the first one with tight SL.
I stand corrected!

That spike was unreal. Hope you secured some pips.

B
  • #125,065
  • Oct 22, 2008 7:16pm Oct 22, 2008 7:16pm
Quoting OrionsWay
there is your bottom
a close above DP should do the job. 4h seems to be bottoming out.

my last try was at 157.80, let's see if this one works out.
  • #125,066
  • Oct 22, 2008 7:20pm Oct 22, 2008 7:20pm
i dont buy this move
fake double bottom to me
sold this rally
  • #125,067
  • Oct 22, 2008 7:25pm Oct 22, 2008 7:25pm
Quoting lilmoe
a close above DP should do the job. 4h seems to be bottoming out.

my last try was at 157.80, let's see if this one works out.

i had 158.38 .10 and was trying to add another at 157.40 but we didnt get there

long cable also 6192
"Millionaires don't use astrology, billionaires do"
  • #125,068
  • Oct 22, 2008 7:35pm Oct 22, 2008 7:35pm
Quoting OrionsWay
i had 158.38 .10 and was trying to add another at 157.40 but we didnt get there

long cable also 6192
hmmm, seems like this rally was a fake, i thought it would when it happened, but i didn't think they'll make it that obvious. i mean come on, lol, 2 fakes in 12 hours...
  • #125,069
  • Oct 22, 2008 7:39pm Oct 22, 2008 7:39pm
Quoting lilmoe
hmmm, seems like this rally was a fake, i thought it would when it happened, but i didn't think they'll make it that obvious. i mean come on, lol, 2 fakes in 12 hours...

its real, just residual i think LOL

if not im done until the new year fuck this BULLSHIT cuz i will put a bullet in me head before i sell anything down here
"Millionaires don't use astrology, billionaires do"
  • #125,070
  • Oct 22, 2008 7:43pm Oct 22, 2008 7:43pm
Man did I get burned!!!

I was short all JPY crosses. This happens so I let it settle a bit, close all out and go long on all of them. Then she changes on me again!

Man, nearly my whole week's pips lost in 10 min. What a rookie mistake.



B
  • #125,071
  • Oct 22, 2008 7:43pm Oct 22, 2008 7:43pm
Quoting malcolmb14
qqe .. rsi ..... cci .... blah blah blah ALL INDICATORS LAG..lol .. that is a fact ....

the best thing to do is study candles and volume ....put line in sand .. gj it is 50 pip blocks .....if you see candles reversals ( no demnds bars .. low spread , low volume) off a 50 pip line it is a short or long .... see chart below


results .. very spectacular ... close to your 2200 pips in last 24 hours and only being in the market 4 hours in morning and 4 hours in afternoon.

right now i am still short off 159.5 and will reverse if we get close above 158.5 .. stop has been moved tight.

Attachment

the short dropped all way to 157.50 and then reversed right off it .... 200 pips down and 200 on way up , short off 159.5 again for 150 to downside .. this really is insane , now watching 158 area for long. This is using the simple technique I posted earlier

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 121 KB
Blogging daily now at www.volume.zone
  • #125,072
  • Oct 22, 2008 7:46pm Oct 22, 2008 7:46pm
Quoting igmak
I'm going to start builing my long positions 158.50 is the first one with tight SL.
Did as lilmoe does: took 1/2 @ 80 pips and the rest put SL @ BE which was hit.

I am on sidelines waiting for better entry on either side.
Do not follow my trades. Trade what you see on your own charts.
  • #125,073
  • Oct 22, 2008 7:53pm Oct 22, 2008 7:53pm
Quoting lilmoe
hmmm, seems like this rally was a fake, i thought it would when it happened, but i didn't think they'll make it that obvious. i mean come on, lol, 2 fakes in 12 hours...
bro the current level has a very strong probability to be the bottom but im afraid that if we break this level to the downside then we've gotta see 148 (12.5 retracement off 1990 highs) which might be the bottom for a very long time, im saying this because fundamentals (flight to low yielding currencies) is not over yet.. so i wonder if you can share your thoughts?
I recommend you read something else as this sentence is now concluded.
  • #125,074
  • Oct 22, 2008 7:53pm Oct 22, 2008 7:53pm
taking a small nap, it's 4am here. see ya guys in a bit.
  • #125,075
  • Edited 8:40pm Oct 22, 2008 8:00pm | Edited 8:40pm
soon will be perfect or not

added another short at 15845 (1min EMA 204)

targeting 15670 - 261%FE (15790-15855)

will try long there

edit
price has been stopped at 61.8% of last wave down
waiting for momentum crossed ema 100 to confirm short or close

edit 2

momentum crossed down entered short again at 15910
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot8.png Size: 39 KB
  • #125,076
  • Oct 22, 2008 8:38pm Oct 22, 2008 8:38pm
Quoting 5ysfx
soon will be perfect

added another short at 15845 (1min EMA 204)

targeting 15670 - 261%FE (15790-15855)

will try long there

Positioning itself for a run up to DP.,

Possibly much more correction tonight, I'd watch out for those shorts
Gmail: 4xmiracle
  • #125,077
  • Oct 22, 2008 8:43pm Oct 22, 2008 8:43pm
1 hour wedge

and a double bottom formation in place.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 9 KB
Attached Image
  • #125,078
  • Oct 22, 2008 8:44pm Oct 22, 2008 8:44pm
Longs????????????????

You Guys have got to be kidding right - in this bearish market???????????

= = ????????????????????
  • #125,079
  • Oct 22, 2008 8:49pm Oct 22, 2008 8:49pm
Quoting quecee5
Longs????????????????

You Guys have got to be kidding right - in this bearish market???????????

= = ????????????????????
within the next 24 hours the doubts will be cleared.

by the way i have been on sidelines since 158 exit, waiting for it to turn up
  • #125,080
  • Oct 22, 2008 8:54pm Oct 22, 2008 8:54pm
reversal pattern has not been completed yet
im relaxed.
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