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

  • #145,901
  • Dec 4, 2008 2:23am Dec 4, 2008 2:23am
Quoting Islander
agreed - cable's last closed 15 m candle was bullish with the highest volume since the US close and UJ's was a spinning top with slightly higher vol....
Agreed. . .
I'm still on the sidelines for now looking for a better buy position as I think we will see a bounce or upside momentum pick up as we get closer to the rate announcement. . .
  • #145,902
  • Dec 4, 2008 2:23am Dec 4, 2008 2:23am
Quoting Islander
...I do understand the problem of leaving a nice warm bed whilst its still pitch black and cold as the heating's not yet kicked in......

There was a clear Sell off my 5 min chart around 137.20 an hour before FO - so 6am UK......I too was still in bed.....http://www.forexfactory.com/images/icons/icon11.gif
Exactly!! and it's certainly cold here. Hang on.... could this be the move??
  • #145,903
  • Dec 4, 2008 2:23am Dec 4, 2008 2:23am
Quoting capetown
still waiting..took two pills
starting to head down now
  • #145,904
  • Dec 4, 2008 2:25am Dec 4, 2008 2:25am
I'm short cable on its failure at its 4700 level - now waiting to see if it breaks to new lows......trailing a tight stop.....
Trading Levels with WRBs
  • #145,905
  • Dec 4, 2008 2:27am Dec 4, 2008 2:27am
Quoting $teve
That's actually not a bad idea. If you're long at 136.40 and stop at 136, you're risking only 40 pips to win possibly 160 pips. 4 to 1 payoff with relatively low risk. GJ has bounced here and hit 138 a few times already. But I don't like to risk it. I'd rather short at 138 with stop at 138.40 targeting the lows. That's actually a low risk trade with good risk to reward ratio at the same time. Those are my favorite trades.


now i have couple pips +
  • #145,906
  • Dec 4, 2008 2:28am Dec 4, 2008 2:28am
No, no, turns at 13580

Quoting rogerdoger
starting to head down now
  • #145,907
  • Dec 4, 2008 2:29am Dec 4, 2008 2:29am
hello fesi?
how are You??
ako sa maš??
Quoting fesi1
go go go down
  • #145,908
  • Dec 4, 2008 2:30am Dec 4, 2008 2:30am
Quoting rogerdoger
starting to head down now
It won't go down further until UJ breaks down. . . which looks stubborn at the moment. . .
  • #145,909
  • Dec 4, 2008 2:31am Dec 4, 2008 2:31am
UJ is not cooperating. If UJ and GU are going in opposite direction, I suggest staying away from GJ. Shorting GU before rate announcement is a good idea. Maybe UJ will start to tank before US news.
  • #145,910
  • Dec 4, 2008 2:34am Dec 4, 2008 2:34am
Quoting quecee5
It won't go down further until UJ breaks down. . . which looks stubborn at the moment. . .
Mmmn, they seem to be moving in opposite directions......
  • #145,911
  • Dec 4, 2008 2:36am Dec 4, 2008 2:36am
Quoting Islander
I'm short cable on its failure at its 4700 level - now waiting to see if it breaks to new lows......trailing a tight stop.....
it did........took half off on the spike to 4600 for 80 pips, leaving the remainder to run.....
Trading Levels with WRBs
  • #145,912
  • Dec 4, 2008 2:37am Dec 4, 2008 2:37am
Quoting rogerdoger
starting to head down now

That's more like it!!!
  • #145,913
  • Dec 4, 2008 2:38am Dec 4, 2008 2:38am
Quoting quecee5
It won't go down further until UJ breaks down. . . which looks stubborn at the moment. . .
agreed - that was why I just traded cable - its often best when GU and UJ are in conflict......http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #145,914
  • Dec 4, 2008 2:38am Dec 4, 2008 2:38am
If UJ tanks GJ will see 134.50 for sure. . .
  • #145,915
  • Dec 4, 2008 2:39am Dec 4, 2008 2:39am
Quoting $teve
UJ is not cooperating. If UJ and GU are going in opposite direction, I suggest staying away from GJ. Shorting GU before rate announcement is a good idea. Maybe UJ will start to tank before US news.
we

are

in

a

strong

move

to

131.60

monthly

fib

line

unless

137.65

breaks

to

the

topside
  • #145,916
  • Dec 4, 2008 2:40am Dec 4, 2008 2:40am
Quoting forexlion
we

are

in

a

strong

move

to

131.60

monthly

fib

line

unless

137.65

breaks

to

the

topside
any

chance

of

it

hitting

my

TP

of

~131.3?
  • #145,917
  • Dec 4, 2008 2:40am Dec 4, 2008 2:40am
Quoting Islander
agreed - that was why I just traded cable - its often best when GU and UJ are in conflict......http://www.forexfactory.com/images/icons/icon12.gif
Very good move bro. . . I think it's only a matter of time before UJ takes a nose dive down to 92.60 area or lower. . .
  • #145,918
  • Dec 4, 2008 2:41am Dec 4, 2008 2:41am
Quoting quecee5
If UJ tanks GJ will see 134.50 for sure. . .
YM's +80 since LO - IMO its difficult for UJ to tank whilst YM stays this positive.....
Trading Levels with WRBs
  • #145,919
  • Dec 4, 2008 2:46am Dec 4, 2008 2:46am
hello everybody

LTL of this falling wedge is going to break to the down side. This can be very scary.

Be careful with longs. 134.50 is daily S2 and my target. I'll start thinking about bottom picking around that area.
Attached Image (click to enlarge)
Click to Enlarge Name: gj falling wedge.gif Size: 14 KB
Discipline + Patience - Fear - Greed = Success
  • #145,920
  • Dec 4, 2008 2:46am Dec 4, 2008 2:46am
Quoting quecee5
If UJ tanks GJ will see 134.50 for sure. . .
i'm waiting this fall (UJ) from tuesday lol
hi hi all
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