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

  • #141,921
  • Nov 24, 2008 1:19pm Nov 24, 2008 1:19pm
Quoting lilmoe
it was an easy short off 146.96 at the open of this m30 candle. previous m30 candle was yelling short.

hope u guys nailed that

closed 1/2 for 100 pips, and rest at b/e


do not know about the easy bit Lilmoe ..... was not that clear and came out of nowhere unless you looked at my double top 15 min post....lol

I was in 146.75 on a failure of the 30 pip line off dp at 146.8 , closed 146 as sellers dried up really quick

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
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  • #141,922
  • Nov 24, 2008 1:20pm Nov 24, 2008 1:20pm
Quoting karmostaji
144.80 will be support if price dips
R1 & 38.2?.....or even 144......50 & SS....
Trading Levels with WRBs
  • #141,923
  • Nov 24, 2008 1:20pm Nov 24, 2008 1:20pm
Quoting lilmoe
i might hold on to that short back to 4h 50ema.

4h mom pointing straight down. and we just touched UTL of the 4h bull flag that played out since the beginning of the month.
That's a good idea!
I'm looking for the exit on my long position! And if price retraces to 4h 50 ema level and bounce from it, would be good bull confirmation
  • #141,924
  • Nov 24, 2008 1:20pm Nov 24, 2008 1:20pm
Quoting karmostaji
missed a short scalp, damn..

malcolmb jinxed me
i missed that too sigh.. i actually tried to sell once and got a dam requote. but i'm not making any hasty decisions. i'll wait for the next elevator..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #141,925
  • Nov 24, 2008 1:22pm Nov 24, 2008 1:22pm
Quoting malcolmb14
maybe , just maybe coming into a double top on 15 min here

also bearish div rsi

Attachment

gave you a heads up 1hr 20 min ago about the double top forming on 15 min with a bearish div rsi

there does not seem to be a whole bunch of selling interest in the market , every dip is met with buyers
Blogging daily now at www.volume.zone
  • #141,926
  • Nov 24, 2008 1:24pm Nov 24, 2008 1:24pm
Quoting malcolmb14
gave you a heads up 1hr 20 min ago about the double top forming on 15 min with a bearish div rsi

there does not seem to be a whole bunch of selling interest in the market , every dip is met with buyers
that's what i'm seeing. their chewing away at it but it's not explosive.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #141,927
  • Nov 24, 2008 1:25pm Nov 24, 2008 1:25pm
Quoting malcolmb14
gave you a heads up 1hr 20 min ago about the double top forming on 15 min with a bearish div rsi

there does not seem to be a whole bunch of selling interest in the market , every dip is met with buyers

i am taking little long off 146.1
(The YM 9 dj emin) rsi on 5 min just broke trendline and may end higher for the day ... could be this pair breaks its bearish div rsi on 10 min ...will place tight trailing stop
Blogging daily now at www.volume.zone
  • #141,928
  • Nov 24, 2008 1:26pm Nov 24, 2008 1:26pm
Quoting malcolmb14
gave you a heads up 1hr 20 min ago about the double top forming on 15 min with a bearish div rsi

there does not seem to be a whole bunch of selling interest in the market , every dip is met with buyers
Malcolmb,
I guess div didn't brake yet?
Attached Image (click to enlarge)
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  • #141,929
  • Nov 24, 2008 1:26pm Nov 24, 2008 1:26pm
Quoting malcolmb14
i am taking little long off 146.1
(The YM 9 dj emin) rsi on 5 min just broke trendline and may end higher for the day ... could be this pair breaks its bearish div rsi on 10 min ...will place tight trailing stop
do not follow this as the right thing to be doing while bearish div is there is looking for sells .....
Blogging daily now at www.volume.zone
  • #141,930
  • Nov 24, 2008 1:28pm Nov 24, 2008 1:28pm
15 min chart looks like wave 4 is in play. after that 5th wave up to 150, maybe....
  • #141,931
  • Nov 24, 2008 1:29pm Nov 24, 2008 1:29pm
Quoting pipsbull
Malcolmb,
I guess div didn't brake yet?

not yet and may not ...... Asia will likely retrace as 99% of the time it does opposite of what US does ...... just seems that way any way.

we have also had a 600 pips move .... very steady buying .. no impulsive moves , however all moves have to retrace some to entice new buyers / sellers. In this case the retracement may get the interest of pros wanting to buy gj at lower price
Blogging daily now at www.volume.zone
  • #141,932
  • Nov 24, 2008 1:29pm Nov 24, 2008 1:29pm
I'll be watching to see if we reach this
4 Hr TL at ~147.87 before heading south.

Dr. D.
Attached Image (click to enlarge)
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  • #141,933
  • Nov 24, 2008 1:31pm Nov 24, 2008 1:31pm
Quoting malcolmb14
not yet and may not ...... Asia will likely retrace as 99% of the time it does opposite of what US does ...... just seems that way any way.

we have also had a 600 pips move .... very steady buying .. no impulsive moves , however all moves have to retrace some to entice new buyers / sellers. In this case the retracement may get the interest of pros wanting to buy gj at lower price
Thank you,
I second lilmoe on his ophinion where the price may retrace. And Asia have guts to do it
  • #141,934
  • Nov 24, 2008 1:36pm Nov 24, 2008 1:36pm
Quoting pipsbull
Thank you,
I second lilmoe on his ophinion where the price may retrace. And Asia have guts to do it

38% fib is a popular retracement for strong trends ... that is 144.7 , but we may go to 144 ( 50 % fib )
Blogging daily now at www.volume.zone
  • #141,935
  • Nov 24, 2008 1:36pm Nov 24, 2008 1:36pm
short at 146.50, scalp trade

stop at 147
Trade what you see, not what you think.
  • #141,936
  • Nov 24, 2008 1:37pm Nov 24, 2008 1:37pm
Quoting Jhig
Trading one of the pairs like gbp against jpy?
As opposed to, whole pairs against g/j. (ex. g/u & u/j traded against g/j)?
As GBPJPY = GBPUSD X USDJPY....when these pairs are moving in opposite directions GBPJPY will have restricted movement, hence it follows that you will have a better risk / reward by trading the more active of the pairs rather than the GJ cross.
Trading Levels with WRBs
  • #141,937
  • Nov 24, 2008 1:37pm Nov 24, 2008 1:37pm
turnaround tuesday? maybe..baby
  • #141,938
  • Nov 24, 2008 1:37pm Nov 24, 2008 1:37pm
90 ema (~147.77) on the 4Hr could be a good upper target.

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr 90 ema.gif Size: 51 KB
  • #141,939
  • Nov 24, 2008 1:39pm Nov 24, 2008 1:39pm
Quoting malcolmb14
38% fib is a popular retracement for sdtorng trends ... that is 144.7 , but we may go to 144 ( 50 % fib )
And if does bounce from this level, that's gonna be a bull continuation...
  • #141,940
  • Nov 24, 2008 1:41pm Nov 24, 2008 1:41pm
I think price is trying to get to the 148,40 area were we have the W_R1 pivot and the top of the Kumo.

However i think price will head fake out of it
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