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

  • #161,941
  • Feb 23, 2009 9:42pm Feb 23, 2009 9:42pm
price is lingering around 138.50...it should break soon
  • #161,942
  • Feb 23, 2009 9:51pm Feb 23, 2009 9:51pm
The Reason:

  1. I attribute the GBP movement purely to the recent rate cut to 1%
  2. Unless there is another rate cut in march, I expect GJ to keep going north till the march GBP rate news time.
  3. GJ actually started the climb with the JAN rate cut news.

  • #161,943
  • Feb 23, 2009 10:02pm Feb 23, 2009 10:02pm
1 hr qqe has crossed up...

here we go...
  • #161,944
  • Feb 23, 2009 10:05pm Feb 23, 2009 10:05pm
Quoting cancunkev
1 hr qqe has crossed up...

here we go...
wait for 1 candle close after the cross to count it as a valid cross,
  • #161,945
  • Feb 23, 2009 10:07pm Feb 23, 2009 10:07pm
damn hard bounce right on the level,

we nneed to break this level and close a 1 hour candle above it.
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  • #161,946
  • Feb 23, 2009 10:12pm Feb 23, 2009 10:12pm
Quoting forexlion
damn hard bounce right on the level,

we nneed to break this level and close a 1 hour candle above it.
my charts have the rejection right at the one hour close.

coincidence?
--post hoc ergo propter hoc--
  • #161,947
  • Feb 23, 2009 10:17pm Feb 23, 2009 10:17pm
Now its up to the London Boys to do the magic in GJ

Inserted Video
  • #161,948
  • Feb 23, 2009 10:17pm Feb 23, 2009 10:17pm
hard bounce? i see a small 40 pip retrace of resistance...and now being supported by the 138.50 previous resistance on the lower TFs

still could go any way..
  • #161,949
  • Feb 23, 2009 10:38pm Feb 23, 2009 10:38pm
Quoting forexlion
Now its up to the London Boys to do the magic in GJ

http://www.youtube.com/watch?v=zbszjo99JAc
so i looked into zulu thingy .... you have to place trades in their platform .

why would any successful trader in his / her right mind do this and distract from trading their real main accounts ?

maybe for the same reason they sell themselves as money managers .... they have blown up their accounts and now looking for other ways to make money
Blogging daily now at www.volume.zone
  • #161,950
  • Feb 23, 2009 10:42pm Feb 23, 2009 10:42pm
Im short from 138.69.... but wondering where to place my TP at... Im thinking 50% retrace.... 137.50... any thoughts?
Dr. C
  • #161,951
  • Feb 23, 2009 11:02pm Feb 23, 2009 11:02pm
....now that was a decent bounce....

i would be tp'ing that short as i do not see much more to the downside for this pair...
  • #161,952
  • Feb 23, 2009 11:04pm Feb 23, 2009 11:04pm
Quoting cvcamper
Im short from 138.69.... but wondering where to place my TP at... Im thinking 50% retrace.... 137.50... any thoughts?
Went ahead and too profit at 137.65 as I want to go to bed
Dr. C
  • #161,953
  • Feb 23, 2009 11:06pm Feb 23, 2009 11:06pm
seems to me this maybe the making of a moscow/franky headfake....

but i may be wrong...
  • #161,954
  • Feb 23, 2009 11:16pm Feb 23, 2009 11:16pm
Quoting cancunkev
seems to me this maybe the making of a moscow/franky headfake....

but i may be wrong...
nice call...
  • #161,955
  • Edited 11:53pm Feb 23, 2009 11:27pm | Edited 11:53pm
Quoting malcolmb14
so i looked into zulu thingy .... you have to place trades in their platform .

why would any successful trader in his / her right mind do this and distract from trading their real main accounts ?

maybe for the same reason they sell themselves as money managers .... they have blown up their accounts and now looking for other ways to make money
nice try at avoiding to join zulu.
  • #161,956
  • Feb 23, 2009 11:32pm Feb 23, 2009 11:32pm
i tried zulu in the past and the platform was riddled with issues and out of the 1,000 or so signal providers only 10 or so really knew what they where doing....

zulu is "cool"...but i don't see it gaining to much momentum over time..
  • #161,957
  • Feb 23, 2009 11:35pm Feb 23, 2009 11:35pm
anyway....

back to business.....

so this damn GJ....where is she headed????

c'mon guys we are not here to see who is the best trader, we are here to share ideas and learn...the rest is BS
  • #161,958
  • Feb 23, 2009 11:39pm Feb 23, 2009 11:39pm
Quoting cancunkev
anyway....

back to business.....

so this damn GJ....where is she headed????

c'mon guys we are not here to see who is the best trader, we are here to share ideas and learn...the rest is BS
looks like up but i dunno
  • #161,959
  • Feb 23, 2009 11:41pm Feb 23, 2009 11:41pm
Quoting forexlion
nice try at avoiding zulu, so that we cannot see how you trade.
Why would you, (or anyone else), care? I find these 'prove to me how good you are and throw me a bone' postings a bit much.

It's worth remembering that the number 1 priority of any trader is to make money. The fact that Malcolm and others post their analysis here is a gift, not a service.

If you want to chat about Zulu, start another thread.
  • #161,960
  • Feb 23, 2009 11:44pm Feb 23, 2009 11:44pm
Quoting cancunkev
anyway....

back to business.....

so this damn GJ....where is she headed????

c'mon guys we are not here to see who is the best trader, we are here to share ideas and learn...the rest is BS
werent u going 2 bed ?
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