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

  • #155,181
  • Jan 23, 2009 5:32am Jan 23, 2009 5:32am
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.
It's possible, but that's speculation. I am only looking at PA at its telling me that the drop has stalled ( for the moment). If PA starts acting differently, I will take note of it and take appropriate action.

As for BOJ, you are right they alway threaten to intervene, but now they may have more cause to do so as Yen is approaching all time highs against major currencies. If they didn't feel comfortable with the value of yen a few months ago, imagine how they are feeling now. I am not predicting their intervention, but I am saying big boys are scared of it happening.

Now, lets see if we can get past 120.
  • #155,182
  • Jan 23, 2009 5:33am Jan 23, 2009 5:33am
Quoting yentastic
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
bro calm down - my post wasn't directed toward u - exhale - inhale - exhale - inhale... now breath, yep breath again, now stay I promise not to get my panties in a ruffle, 3 times. . . okay now give me 20 jump-n-jacks. . .

on a serious note:

there are many traders in here with different trading styles what works for the gander may not work for the goose and vise versa. The purpose of this forum is to share ideas and knowledge so we all can become better traders.

keep breathing, i said keep breathing. . .
  • #155,183
  • Jan 23, 2009 5:36am Jan 23, 2009 5:36am
Quoting fxinthesun
hehe guess it was hot, but you made it ! Am hope my long goes over 121.xx
I meant hot as in good. I'm long too, but only with micro lots...best way to keep $ and still feed my terrible trading addiction lol.
  • #155,184
  • Jan 23, 2009 5:36am Jan 23, 2009 5:36am
Quoting fxinthesun
hehe guess it was hot, but you made it ! Am hope my long goes over 121.xx

Closed at 121.05
  • #155,185
  • Jan 23, 2009 5:38am Jan 23, 2009 5:38am
Quoting quecee5
yep. . .

we have just bounced off daily S1 @ 199.06 and now price is well above the previous low. as long as it stays above I think we 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. . .
I am waiting on my 50 ema retest 5min and 15min.. it is due... from 120.90 my last target..
  • #155,186
  • Jan 23, 2009 5:40am Jan 23, 2009 5:40am
Quoting quecee5
bro calm down -.

keep breathing, i said keep breathing. . ....
You are totaly OFF mate!! (I have to make a break.. LOOOOL)

Sorry, but be more carefull next time, you are destructing my trading... LOoool
  • #155,187
  • Jan 23, 2009 5:44am Jan 23, 2009 5:44am
[quote=quecee5;2489256]bro calm down - my post wasn't directed toward u - exhale - inhale - exhale - inhale... now breath, yep breath again, now stay I promise not to get my panties in a ruffle, 3 times. . . okay now give me 20 jump-n-jacks.

on a serious note:

there are many traders in here with different trading styles what works for the gander may not work for the goose and vise versa. The purpose of this forum is to share ideas and knowledge so we all can become better traders.

keep breathing, i said keep breathing. .quote]

Hey im calm i never get panties in ruffle

First rule of trade keep calm at all times i was only pointing out i did not use 4hr but could see more downs can happen based on the 4h
Private Account Manager & Trader since 1999
  • #155,188
  • Jan 23, 2009 5:45am Jan 23, 2009 5:45am
Quoting Piters
I am waiting on my 50 ema retest 5min and 15min.. it is due... from 120.90 my last target..
  • #155,189
  • Jan 23, 2009 5:47am Jan 23, 2009 5:47am
[quote=yentastic;2489280]
Quoting quecee5
bro calm down - my post wasn't directed toward u - exhale - inhale - exhale - inhale... now breath, yep breath again, now stay I promise not to get my panties in a ruffle, 3 times. . . okay now give me 20 jump-n-jacks.

on a serious note:

there are many traders in here with different trading styles what works for the gander may not work for the goose and vise versa. The purpose of this forum is to share ideas and knowledge so we all can become better traders.

keep breathing, i said keep breathing. .quote]...
it's all good bro - it's all good. . .

happy trading and get those green pips man!
  • #155,190
  • Jan 23, 2009 5:48am Jan 23, 2009 5:48am
Quoting Petefaders
I'm long too, but only with micro lots...best way to keep $ and still feed my terrible trading addiction lol.
cool, 40 pips on 2 micro lots. I can get a sandwich.
  • #155,191
  • Jan 23, 2009 5:49am Jan 23, 2009 5:49am
Got in again from s2 and closed waiting for next fall


1065012009.01.23 11:17buy10.00gbpjpy119.490.000.002009.01.23 12:44120.070.000.000.006 564.05

looks like we may be able to stay above 200 ema for a little while now but tempted to short but will sit on hands wait for dip and go long
Private Account Manager & Trader since 1999
  • #155,192
  • Jan 23, 2009 5:49am Jan 23, 2009 5:49am
as i were saying last night...
i had a pending long at 119 with a 100 pips sl, looks like i got it. stop to b/e now.
if i see a hidden bullish divergence on h1, this might be the low for the month. i will try and play the retracement.

Quoting Scrat
my take for asia will be a nice dinner, my wife just called me and told me what she cooked...
alright. it'll almost range until london, maybe slowly heading down. 120.30 would be a nice place to watch for a reversal, but it might go as low as 118.60 without breaking the current flat pattern; we'll see how this looks when/if we get there.
Nihil Sine Deo.
  • #155,193
  • Jan 23, 2009 5:51am Jan 23, 2009 5:51am
Quoting Scrat
as i were saying last night...
i had a pending long at 119 with a 100 pips sl, looks like i got it. stop to b/e now.
if i see a hidden bullish divergence on h1, this might be the low for the month. i will try and play the retracement.
Good job mate... good job..
  • #155,194
  • Jan 23, 2009 6:06am Jan 23, 2009 6:06am
Quoting Piters
Good job mate... good job..
bros advice pls. i'm short from 119.5 targeting 119. what do i do.
  • #155,195
  • Jan 23, 2009 6:11am Jan 23, 2009 6:11am
Quoting dialpips
bros advice pls. i'm short from 119.5 targeting 119. what do i do.

we may hit s2 again if lucky but right now we are above 200ema on 1m so look for push up with dips to s2

i would add hedge or stoploss at 120.50 and trail stop of 15 on your sell
Private Account Manager & Trader since 1999
  • #155,196
  • Jan 23, 2009 6:14am Jan 23, 2009 6:14am
Quoting yentastic
we may hit s2 again if lucky but right now we are above 200ema on 1m so look for push up with dips to s2

i would add hedge or stoploss at 120.50 and trail stop of 15 on your sell
thanks a lot. i'll do just that.
  • #155,197
  • Jan 23, 2009 6:18am Jan 23, 2009 6:18am
Quoting dialpips
bros advice pls. i'm short from 119.5 targeting 119. what do i do.
bro, I dont know the size of your account. cannot tell now. I exit from my shorts.. all my ttargets are hit.. as I stated I am waiting on retest the 50 ema on 5min and 15min as well..

the reaction and Price actions around that levels would tell me are we are with our Temporary LOW @ 118.80 or we are going to see some others..

From the other side on GU and GY I can see accending chanels or posible bearish flag forming (that is a bear sign), so we may see a retest, rejection and continuation to the down side.. I cannot tell you now.. too early for me..
  • #155,198
  • Jan 23, 2009 6:41am Jan 23, 2009 6:41am
Quoting Piters
bro, I dont know the size of your account. cannot tell now. I exit from my shorts.. all my ttargets are hit.. as I stated I am waiting on retest the 50 ema on 5min and 15min as well..

the reaction and Price actions around that levels would tell me are we are with our Temporary LOW @ 118.80 or we are going to see some others..

From the other side on GU and GY I can see accending chanels or posible bearish flag forming (that is a bear sign), so we may see a retest, rejection and continuation to the down side.. I cannot tell you now.. too early...
is that it or is this thing going down more? lol
  • #155,199
  • Jan 23, 2009 6:44am Jan 23, 2009 6:44am
Quoting mirex
is that it or is this thing going down more? lol

if your uncofortable with the trade you have two options, put a sl on now for what you are willing to lose if it goes sour, or close it out and get the pips back later
  • #155,200
  • Jan 23, 2009 7:00am Jan 23, 2009 7:00am
is it just me or does PA seem to want to go down some more? lol
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