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

  • #147,881
  • Dec 10, 2008 7:33am Dec 10, 2008 7:33am
Posted cable's picture @ my cave as well
  • #147,882
  • Dec 10, 2008 7:40am Dec 10, 2008 7:40am
Good Morning.
  • #147,883
  • Dec 10, 2008 7:47am Dec 10, 2008 7:47am
sell @ 42 stp @80
Verily, in every difficulties there is relief
  • #147,884
  • Edited 8:07am Dec 10, 2008 7:55am | Edited 8:07am
has me short at 37.50 and 44

covered last 5m close
"Millionaires don't use astrology, billionaires do"
  • #147,885
  • Dec 10, 2008 7:59am Dec 10, 2008 7:59am
Looks like it is gonna have tight range today with bias down.
  • #147,886
  • Dec 10, 2008 8:00am Dec 10, 2008 8:00am
That 137.50-60 resistance level right now is an easy short
  • #147,887
  • Dec 10, 2008 8:16am Dec 10, 2008 8:16am
Quoting mktjong
Looks like it is gonna have tight range today with bias down.
Bias is UP or down?
  • #147,888
  • Dec 10, 2008 8:19am Dec 10, 2008 8:19am
The US House of Representatives could vote on the $15B auto bailout as… early as today afternoon according to news reports

http://money.cnn.com/2008/12/09/news...ion=2008120916

I think this bailout deal is bearish for the market...Overall, I am waiting for a higher position to short this beast...


The daily TL is holding...

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  • #147,889
  • Dec 10, 2008 8:20am Dec 10, 2008 8:20am
Quoting sohail212
Bias is UP or down?
It's called bearishly bullish or bullishly bearish .. if u know what they mean ..
With potential of yesterday's low (135.53 area) re-visited ..
  • #147,890
  • Dec 10, 2008 8:23am Dec 10, 2008 8:23am
Quoting mktjong
It's called bearishly bullish or bullishly bearish .. if u know what they mean ..
Lool, called Choppy, Great for losing a MONEY...
no direction,

Supported with Gann [4H], and resistance 50ema [1H]

stay away, until the market moves. YM futires are Up 100points.. and the market opens in few minutes..
  • #147,891
  • Dec 10, 2008 8:24am Dec 10, 2008 8:24am
I don't see this going any higher than the 200EMA and the R2 138.50 range..

A small retracement before ranging back down to a new low this week.

IMHO..

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  • #147,892
  • Dec 10, 2008 8:27am Dec 10, 2008 8:27am
I don't know what does the GBP/JPY want from the 137.60-70 area, if it is unwelcomed as we all can see, so why not going to find another area (135.xx) where I guess it will be more than welcome there, instead of wasting it's and the time of the traders as well, I still have short trade @139 changed it's SL @138.30 locked with profit
  • #147,893
  • Dec 10, 2008 8:32am Dec 10, 2008 8:32am
Quoting Piters
Lool, called Choppy, Great for losing a MONEY...
no direction,

Supported with Gann [4H], and resistance 50ema [1H]

stay away, until the market moves. YM futires are Up 100points.. and the market opens in few minutes..
  • #147,894
  • Dec 10, 2008 8:33am Dec 10, 2008 8:33am
What I can see now.....GJ is in the middle to blow up or down. My H1 chart show GJ waiting to blast off....i'm also not sure which one it want to go . Just see H1 chart, price now between 50 EMA and 100 EMA. If it blast off we might see 300 pips in hand. Just get ready.
  • #147,895
  • Dec 10, 2008 8:33am Dec 10, 2008 8:33am
short called for @ last 5m close
"Millionaires don't use astrology, billionaires do"
  • #147,896
  • Dec 10, 2008 8:34am Dec 10, 2008 8:34am
GM all!

137.55 is H4 Gann Level. 137.18 has also been given some grief to geppy as well. Interesting eh?
  • #147,897
  • Dec 10, 2008 8:38am Dec 10, 2008 8:38am
when the 104 activator on 5m lets go the cookie crumbles currently 37.02 a close under that should produce short reuslts

36.52 currently is 360 activator 5m next supp should this one let go
"Millionaires don't use astrology, billionaires do"
  • #147,898
  • Dec 10, 2008 8:39am Dec 10, 2008 8:39am
USD/JPY is moving in a slow motion mode, it's moving inside it's shoes before steping forward or backward, which affects the GPP/JPY actions
  • #147,899
  • Dec 10, 2008 8:43am Dec 10, 2008 8:43am
Quoting pino2
USD/JPY is moving in a slow motion mode, it's moving inside it's shoes before steping forward or backward, which affects the GPP/JPY actions
I thought it wasn't wearing any shoes .. lol ...
  • #147,900
  • Dec 10, 2008 8:44am Dec 10, 2008 8:44am
hello Piters..
howdy
Quoting Piters
Lool, called Choppy, Great for losing a MONEY...
no direction,

Supported with Gann [4H], and resistance 50ema [1H]

stay away, until the market moves. YM futires are Up 100points.. and the market opens in few minutes..
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