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

  • #152,541
  • Jan 13, 2009 3:57am Jan 13, 2009 3:57am
All my sells have hit tp of 130 and now im long from same point with 2 lots tp 133.50 ( daily pivot ) lets see what happens. Banked over 700 pips on the sells so happy right now.
Private Account Manager & Trader since 1999
  • #152,542
  • Jan 13, 2009 4:04am Jan 13, 2009 4:04am
I think we will not see the lows of before meaning higher low so i hope that this move up can go to 143 maybe, i will set tight TS on my longs from 130 when we hit the DP.

It is all about MM as long as you use the correct MM mine is 1% of the balance per trade no more than 3 trades open you should be safe to trade this pair.

Right now GJ is giving us all free money i have been doing the same trades now for weeks long 130 ish and collecting so many pips.

This time i think we should see copy of last long trend as i said and in this time GBP should be able to hold more of its value.

Good look all and enjoy this next ride up.
Private Account Manager & Trader since 1999
  • #152,543
  • Jan 13, 2009 4:07am Jan 13, 2009 4:07am
Quoting malcolmb14
once she gets thru 1.6400 use the fib retracements in charts for sell targets

1.6155 would be a nice target , maybe even 1,6000


Attachment
Hi,
if I can ask... why did you draw the fib starting at 1.5360 instead of 1.5120 (earlier value) ?
Thanks!
  • #152,544
  • Jan 13, 2009 4:16am Jan 13, 2009 4:16am
UJ will be very weak soon just wait for the news if its bad it will drag GJ with it down

look at Dow just broke up the support line it will head down i guess
Attached Image (click to enlarge)
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  • #152,545
  • Jan 13, 2009 4:21am Jan 13, 2009 4:21am
morning all...

wot a couple of days....Once the 50% fib of the last swing up broke....i'm now looking @ 126.50.. as a support level.

This thing ain't taking any prisoners...baby

Hope you guyz are doing well...been so busy at work
  • #152,546
  • Jan 13, 2009 4:27am Jan 13, 2009 4:27am
Quoting malcolmb14
once she gets thru 1.6400 use the fib retracements in charts for sell targets

1.6155 would be a nice target , maybe even 1,6000


Attachment
ahhh. you and Dr. shorting this one? I didn't set my sell stop last night and now look. Down gopher goes. oh well. on to look for the next possible victim. 1.61 is about what i had in mind.
"Don't trade to trade . . . trade to win." - James16
  • #152,547
  • Jan 13, 2009 4:28am Jan 13, 2009 4:28am
Both the UJ and GU looks bearish on the higher TF...

50ema crossed down thru the 200ema (bearish)
TL trending downward and still holding...

RSX trending downward

Looks bearish to me...

Attached Image (click to enlarge)
Click to Enlarge Name: 1gj.gif Size: 49 KB
[
  • #152,548
  • Jan 13, 2009 4:41am Jan 13, 2009 4:41am
Quoting yentastic
I think we will not see the lows of before meaning higher low so i hope that this move up can go to 143 maybe, i will set tight TS on my longs from 130 when we hit the DP.

It is all about MM as long as you use the correct MM mine is 1% of the balance per trade no more than 3 trades open you should be safe to trade this pair.

Right now GJ is giving us all free money i have been doing the same trades now for weeks long 130 ish and collecting so many pips.

This time i think we should see copy of last long trend as i said and in this time GBP...
Be careful with those longs...I got burnt earlier looking for a retrace and to be honest since the 130.50's were broke we have a high probability to go to at least 128.70's for next major support level...we'll see if the 5min retrace holds or if breaks for new lows..
  • #152,549
  • Jan 13, 2009 4:42am Jan 13, 2009 4:42am
It amaze me that Good old Ben will probably try to save the PA from breaking the low this morning...

But the Trade Balance is due this morning at 8:30am...( Not good)

If the low holds than a retracement up to probably 50ema or 200ema on the hourly chart before taking the low from Dec.'08.

Oil is down..

The correlation of the GJ and DJ have been off a bit lately..

This year will be very interesting how UJ will react to DJ and oil..


My plan is to take a long until maybe the 50ema hourly chart and setup an order to short if the Trade Balance comes out bad this morning before the NY market open...

IMHO..

[
  • #152,550
  • Jan 13, 2009 4:44am Jan 13, 2009 4:44am
i am cheeky here and say there is absolutely no possibility of not seeing new lows.

like mentioned yesterday 130 at least, next step downchannel ltl.

this aligns with my view of daily eurgbp which has no supply at it's upchannel ltl. i am long eurgbp at 9080 with 200p stp. tgt 600-800 pips.

gbpcheese was closed for 170+ at 6330. looking for retracement off of 6300-6330 to reload. if none occurs, i'll reshort weak 60m upbars during drop.
  • #152,551
  • Jan 13, 2009 4:55am Jan 13, 2009 4:55am
The lower TF don't always playout with the candle patterns..

It needs to break about the gann-hilo

DJ future is -68 atm..

RSX is trending upward atm..

Watch and see the PA at 6am...



If the low don't hold lookout below..
Attached Image (click to enlarge)
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  • #152,552
  • Jan 13, 2009 5:05am Jan 13, 2009 5:05am
Any longs are massively risky right now.
I won't consider longing this pair until the ema50 is broken on the 15m chart.

Until then, I'll be shorting this.
  • #152,553
  • Edited 5:27am Jan 13, 2009 5:14am | Edited 5:27am
Quoting Flem26
ahhh. you and Dr. shorting this one? I didn't set my sell stop last night and now look. Down gopher goes. oh well. on to look for the next possible victim. 1.61 is about what i had in mind.
As far as I know "Gopher" means UJ not GBPCHF.
Discipline + Patience - Fear - Greed = Success
  • #152,554
  • Jan 13, 2009 5:16am Jan 13, 2009 5:16am
closed the cheese geppy and hitting the sack that was a stressfull

five day period for me - once again thanks for all your help

might see you guys at ny but i doubt it
  • #152,555
  • Jan 13, 2009 5:36am Jan 13, 2009 5:36am
Quoting cohiba pips
closed the cheese geppy and hitting the sack that was a stressfull

five day period for me - once again thanks for all your help

might see you guys at ny but i doubt it
if u want to close by yourself and limit potential profit by closing it out yourself instead of the market taking you out, leave a part of the pos open.
that's what i do.
  • #152,556
  • Jan 13, 2009 5:40am Jan 13, 2009 5:40am
Buy GBPJPY now...
  • #152,557
  • Jan 13, 2009 5:42am Jan 13, 2009 5:42am
Quoting goonergonebad
Buy GBPJPY now...
Sir .. Yes sir!
Discipline + Patience - Fear - Greed = Success
  • #152,558
  • Jan 13, 2009 5:44am Jan 13, 2009 5:44am
Quoting goonergonebad
Buy GBPJPY now...
why is it on "SALE at bargain basement prices!"

  • #152,559
  • Jan 13, 2009 5:44am Jan 13, 2009 5:44am
Quoting goonergonebad
Buy GBPJPY now...
Some demand at the 130.00 area, but still, If you're buying this now, you have balls of steel.
  • #152,560
  • Jan 13, 2009 5:46am Jan 13, 2009 5:46am
Quoting arezab
As far as I know "Gopher" means UJ not GBPCHF.
woops. wrong pair. gotta get the lingo right.
"Don't trade to trade . . . trade to win." - James16
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