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

  • #158,861
  • Feb 9, 2009 12:19am Feb 9, 2009 12:19am
What a classic day of trading, GJ is back to normal, respecting the logical movements
  • #158,862
  • Feb 9, 2009 12:20am Feb 9, 2009 12:20am
could get a stall or bounce here..support, middle of 4hr channel.
  • #158,863
  • Feb 9, 2009 12:21am Feb 9, 2009 12:21am
Quoting cvcamper
Had I not WAY over leveraged and blown my account on Friday (Dont tell me how stupid that was, I know...) I would have been in the major moola right now.... Picking Tops is NEVER healthy.
I'm wishing i DID over leverage on the short i just closed !
  • #158,864
  • Feb 9, 2009 12:23am Feb 9, 2009 12:23am
Quoting cvcamper
Had I not WAY over leveraged and blown my account on Friday (Dont tell me how stupid that was, I know...) I would have been in the major moola right now.... Picking Tops is NEVER healthy.
Actually if u would have glanced at the weekly chart geppy hit the weekly gann hi/lo last week and looks to have gotten rejected from ther so far. .

I believe mike w pointed this out with detailed charts starting from monthly and drilling down to as low as 4hr chart or something like that. He said 137 or so should be solid resistance and so far he was right on target. . .

Just my humble opinion of course. . .
  • #158,865
  • Feb 9, 2009 12:26am Feb 9, 2009 12:26am
Quoting cvcamper
Had I not WAY over leveraged and blown my account on Friday (Dont tell me how stupid that was, I know...) I would have been in the major moola right now.... Picking Tops is NEVER healthy.
Never overleverage, specially in abnormal price action like last week, also not to do so in the NFP day and on Fridays as well, be carefull next time wishing you success and happy trading
  • #158,866
  • Feb 9, 2009 12:27am Feb 9, 2009 12:27am
somebody seems to be buying
I recommend you read something else as this sentence is now concluded.
  • #158,867
  • Feb 9, 2009 12:32am Feb 9, 2009 12:32am
Quoting Obaidah
somebody seems to be buying
make that two people.
  • #158,868
  • Feb 9, 2009 12:34am Feb 9, 2009 12:34am
Quoting Petefaders
make that two people.
I recommend you read something else as this sentence is now concluded.
  • #158,869
  • Feb 9, 2009 12:38am Feb 9, 2009 12:38am
already out of my buy..i dont want to influence people to jump in either.
  • #158,870
  • Feb 9, 2009 12:44am Feb 9, 2009 12:44am
pre-london should show us more decisive direction. . . 1hr, 4hr and daily looks bearish to me but only time will tell. . . As long as we continue to get 1hr closes below the DP I favor shorts. . . and 133.25 looks to be forthcoming. . .
  • #158,871
  • Feb 9, 2009 12:48am Feb 9, 2009 12:48am
Hi Malc,
what do you think about GBPCHF?
Time to short?
  • #158,872
  • Feb 9, 2009 12:51am Feb 9, 2009 12:51am
131.50-132 (200sma on 4H) area is where I'll be watching to load up another long to the 140.xx area.

closed positions on Friday and just got back in.
Won't get in yet, will scalp some shorts on the 1M, but look for the 4H hit around this area.

Q, Karmo and boys......how are things ?
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  • #158,873
  • Feb 9, 2009 12:53am Feb 9, 2009 12:53am
Quoting kujo17
131.50-132 (200sma on 4H) area is where I'll be watching to load up another long to the 140.xx area.

closed positions on Friday and just got back in.
Won't get in yet, will scalp some shorts on the 1M, but look for the 4H hit around this area.

Q, Karmo and boys......how are things ?
  • #158,874
  • Feb 9, 2009 12:55am Feb 9, 2009 12:55am
Quoting malcolmb14
no not really just those 2 things , but looking on a 4 hour time frame the rapid rsi is rolling over and price is to far above the 50 sma ( I have noticed that either price has to wait for its 50 sma to catch up or it will move back to the sma) . If price does retrace on gbpchf could be 500 - 600 pip move down.

i may be tempted to take a swing trade o this one if I get a little bounce back to 1.7250 ish

Attachment

marc .. got close to what i was looking for ... stop set at breakeven +10 ... either 400 pips or 10 pips lol
Blogging daily now at www.volume.zone
  • #158,875
  • Feb 9, 2009 12:59am Feb 9, 2009 12:59am
wow....what a perfect trading night.

if only it could be this easy all the time.
--post hoc ergo propter hoc--
  • #158,876
  • Feb 9, 2009 1:01am Feb 9, 2009 1:01am
Quoting malcolmb14
4 hours chart

2 std deviation linear regression channel

I am buying dips 15 min charts when the set up is right unless middle line broken ... buy pull backs 15 min for swing trade of 400...

bounce off 38.6% fib retrace of move 127.5 to 137,40(asia low last week) , 14 wma on 4 hour (133.60) and mid linear regression channel

have to wait till London ..... but volume kicking in now is high and buying vol. Highest vol last few hours show the real sentiment of the market. Lets see if there is any follow thru to the upside of this 60 min candle


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  • #158,877
  • Feb 9, 2009 1:11am Feb 9, 2009 1:11am
In Long at 134.34, 61 percent retracement of Fridays move...PinBar on hrly.
  • #158,878
  • Feb 9, 2009 1:14am Feb 9, 2009 1:14am
Quoting malcolmb14
bounce off 38.6% fib retrace...
Attachment
I keep closing longs too early, 3 scalps just now but they add up! lol..

I even got +10 pips shorting on that pullback, lol. I've become a mad scalper and I cant stop!
  • #158,879
  • Feb 9, 2009 1:16am Feb 9, 2009 1:16am
Quoting malcolmb14
how comes ?

just cause we have a 250 pip drop in asia on 1st day of week ..... did this last week before 1200 pip rise

with not only the news items coming out but the political stimulus plans we may well see 300 - 400 pip ranges per session this week .... both directions
Now it going to 23.6% to 38.2% H4
  • #158,880
  • Feb 9, 2009 1:17am Feb 9, 2009 1:17am
ouch...
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