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

  • #155,161
  • Jan 23, 2009 4:39am Jan 23, 2009 4:39am
Quoting Piters
excellent bro..
but this time order your PIPcorns online
LOL! Glued to the screen, glued to the screen -
  • #155,162
  • Jan 23, 2009 4:45am Jan 23, 2009 4:45am
Looking for dips now to scalp upwards every time we over sold im in
Private Account Manager & Trader since 1999
  • #155,163
  • Jan 23, 2009 4:49am Jan 23, 2009 4:49am
Quoting yentastic
i added new long 119 hoping to hit tp of 120 but already locked in 5 pips just in case on this as we may see a spike down real soon..
Unfortunately I don't see it go long. The pound can lose more, and the Yen just gets stronger even against the dollar.
  • #155,164
  • Jan 23, 2009 4:50am Jan 23, 2009 4:50am
Quoting Ferick
No follow up on the break of all time low. Sellers backing off ( for the moment) as they are scared BOJ will intervene and they will be caught with their pants down.

Sellers will be back in. This bounce does not indicate smart money for now....

As for BoJ intervention, they've been threatening this since last August, so we may be waiting.
  • #155,165
  • Jan 23, 2009 4:56am Jan 23, 2009 4:56am
The BoJ probably borrowed their own money and shorted themselves... They will close their shorts just before they intervene unless they get greedy.

If only it was true...



Quoting ukdaytrader
Sellers will be back in. This bounce does not indicate smart money for now....

As for BoJ intervention, they've been threatening this since last August, so we may be waiting.
  • #155,166
  • Jan 23, 2009 4:59am Jan 23, 2009 4:59am
Quoting Yohay
Unfortunately I don't see it go long. The pound can lose more, and the Yen just gets stronger even against the dollar.

Im taking scalps only on long every time i see over sold im in and collecting 20-60 pips a time i think today we will see some range of 119-121.50 i have no sells open and just scalping up for now which is serving me well indeed already made a shed load of pips b4 11am

Im not saying the £ is going to get to 140.00 thats silly but i am saying the as soon as it gets oversold we bounce enough pips to make them add up very fast.

I do have 2 x long term trades 120 and 125 as i have said these i think will be looking v good in next 14 days or so.
Private Account Manager & Trader since 1999
  • #155,167
  • Jan 23, 2009 4:59am Jan 23, 2009 4:59am
4hr chart is not OS in fact it has plenty of room to move down. . . The scalp was off the low up to 119.80's for which one could have made 75-85 pips depending on when you got in. . .

A long is good as long as you know that GJ could reverse at anytime - hope u have tight SL. . .

On the other hand as long as UJ and GU stay resilent at current levels GJ will bounce ar'd above 119.40 area until the market decides what it wants to do next. . .

I think seller have gotten thier profit and we could have now seen a short-term bottom since it has bounced off the lows and now sits above the previous low for now. . .
  • #155,168
  • Jan 23, 2009 5:07am Jan 23, 2009 5:07am
Quoting quecee5
4hr chart is not OS in fact it has plenty of room to move down. . . The scalp was off the low up to 119.80's for which one could have made 75-85 pips depending on when you got in. . .

A long is good from the as long as you know that GJ could reverse at anytime - hope u have tight SL. . .

On the other hand as long as UJ and GU stay resilent at current levels GJ will bounce ar'd above 119.40 area until the market decides what it wants to do next. . .

I think seller have gotten thier profit and we could have now seen a short-term bottom since...

I use 1m chart to scalp not 4h

i see room on 4h to go down more but soon as 1m says over sold we have bounce every time. I use this system for many years long term trades are always a risk in these markets i do not use stops on scalps i close manual as needed.

I for one will be looking for another long scalp v soon off 1m
Private Account Manager & Trader since 1999
  • #155,169
  • Jan 23, 2009 5:07am Jan 23, 2009 5:07am
Quoting yentastic
Im taking scalps only on long every time i see over sold im in and collecting 20-60 pips a time i think today we will see some range of 119-121.50 i have no sells open and just scalping up for now which is serving me well indeed already made a shed load of pips b4 11am

Im not saying the £ is going to get to 140.00 thats silly but i am saying the as soon as it gets oversold we bounce enough pips to make them add up very fast.

I do have 2 x long term trades 120 and 125 as i have said these i think will be looking v good in next 14 days...
Got you. It's an interesting approach.
  • #155,170
  • Jan 23, 2009 5:10am Jan 23, 2009 5:10am
Quoting Petefaders
nice, I closed all but one position there too set to BE, tp..who knows? hehe

Nice :-) Have one long from 119.30 with tight SL
  • #155,171
  • Jan 23, 2009 5:10am Jan 23, 2009 5:10am
I dont know where this thing is going, so I'm done. It's friday..keep those pips everyone if you're not sure.
  • #155,172
  • Jan 23, 2009 5:12am Jan 23, 2009 5:12am
Quoting fxinthesun
Nice :-) Have one long from 119.30 with tight SL
yeah man, that was hot. Gonna keep my pips now.
  • #155,173
  • Jan 23, 2009 5:13am Jan 23, 2009 5:13am
at this point we got over sold again im in lets see
Private Account Manager & Trader since 1999
  • #155,174
  • Jan 23, 2009 5:19am Jan 23, 2009 5:19am
Quoting quecee5
4hr chart is not OS in fact it has plenty of room to move down. . . The scalp was off the low up to 119.80's for which one could have made 75-85 pips depending on when you got in. . .

A long is good as long as you know that GJ could reverse at anytime - hope u have tight SL. . .

On the other hand as long as UJ and GU stay resilent at current levels GJ will bounce ar'd above 119.40 area until the market decides what it wants to do next. . .

I think seller have gotten thier profit and we could have now seen a short-term bottom since it has bounced...
YEP, looks like that..
all three last 1H bars closed above the previous low..

GDP bad news made all this preassure.. on GBP.. now it is a time to take a profit and retest 50 ema or higher...

I wait
  • #155,175
  • Jan 23, 2009 5:22am Jan 23, 2009 5:22am
Quoting Piters
YEP, looks like that..
all three last 1H bars closed above the previous low..

GDP bad news made all this preassure.. on GBP.. now it is a time to take a profit and retest 50 ema or higher...

I wait
Hi Piters

50 ema on 15TF?

121.398...that is my TP
Work smart not hard
  • #155,176
  • Jan 23, 2009 5:24am Jan 23, 2009 5:24am
Quoting sony
Hi Piters

50 ema on 15TF?

121.398...that is my TP
at least 5min, but this is not a call.. I dont trade against my 5min or 15 gann

the trend is very strong.... I'll recalculate when (if) we get there..
otherwise.. I am waiting on some other sign..
  • #155,177
  • Jan 23, 2009 5:25am Jan 23, 2009 5:25am
Quoting yentastic
at this point we got over sold again im in lets see

closed at 119.80 ill renenter next dip
Private Account Manager & Trader since 1999
  • #155,178
  • Jan 23, 2009 5:26am Jan 23, 2009 5:26am
Quoting Piters
YEP, looks like that..
all three last 1H bars closed above the previous low..

GDP bad news made all this preassure.. on GBP.. now it is a time to take a profit and retest 50 ema or higher...

I wait
yep. . .

we have just bounced off daily S1 @ 119.06 and now price is well above the previous low. as long as it stays above I think we wiil soon see buyers come into the market and push this pair to test the other side of the daily pivot. . .

target I see over the next week. . .

121.20
123.23
125.37
127.40

That's if and only if we get back above 120 psych level. . .
  • #155,179
  • Jan 23, 2009 5:29am Jan 23, 2009 5:29am
Quoting Piters
at least 5min, but this is not a call.. I dont trade against my 5min or 15 gann

the trend is very strong.... I'll recalculate when (if) we get there..
otherwise.. I am waiting on some other sign..
About 120.220..

Ok thanks

I am glad i asked something...what make sence ...first time
Work smart not hard
  • #155,180
  • Jan 23, 2009 5:30am Jan 23, 2009 5:30am
Quoting Petefaders
yeah man, that was hot. Gonna keep my pips now.

hehe guess it was hot, but you made it ! Am hope my long goes over 121.xx
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