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

  • #164,941
  • Mar 10, 2009 12:28pm Mar 10, 2009 12:28pm
Quoting pipsbull
Ok, I am just trying to put all the charts in one post and describe why I think and agree with other valued members the g/j will drop.
First of all pound has been bearish since august last year and there is no sentiment change yet. Although, if you look at the other pairs like e/u and a/u, it is visible that dollar is hit by sellers, hence there is not much reaction in g/u,and what only produced a small retracement(0,38fib from 1,418-1,374). Which only mean that pound is really weak, that $ weakness, is not reflected much on g/u, and more ove that...
good stuff. keep up the good analysis.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,942
  • Mar 10, 2009 12:29pm Mar 10, 2009 12:29pm
no volume to support BO?
  • #164,943
  • Mar 10, 2009 12:32pm Mar 10, 2009 12:32pm
Quoting malcolmb14
biog nothing ... check those dialy fibs on Gj baby .... boucing in 60 pip channel ... not that exciting .. till i add ...6 times in US session .. racking and stacking them

i did not scalp today...maybe bicos not that confident using on geppy...baby

but still testing on EUR/USD.....

by the way people watch out for fake outs..when wedge breaks either way...watch volume.....
  • #164,944
  • Mar 10, 2009 12:33pm Mar 10, 2009 12:33pm
Look at the hourly chart..

TP on the fib levels.

Good Luck..


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  • #164,945
  • Mar 10, 2009 12:38pm Mar 10, 2009 12:38pm
Quoting hwsv07
no volume to support BO?
volume isn't everything.
weakness and sentiment.
much like a car that isn't driven depreciates
even if it's not driven.
that's why you need patients.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,946
  • Mar 10, 2009 12:40pm Mar 10, 2009 12:40pm
UJ has not followed suit yet common UJ head on down!
  • #164,947
  • Mar 10, 2009 12:42pm Mar 10, 2009 12:42pm
Quoting england33
volume isn't everything.
Absolutly, and the volume you see on your paltform is ONLY the volume of your broker, not the whole FX market volume...
  • #164,948
  • Mar 10, 2009 12:42pm Mar 10, 2009 12:42pm
Quoting england33
volume isn't everything.
weakness and sentiment.
much like a car that isn't driven depreciates
even if it's not driven.
that's why you need patients.
yea well, volume is the only thing that got me in a long trade off 135.55 and now sl is +1
I recommend you read something else as this sentence is now concluded.
  • #164,949
  • Mar 10, 2009 12:43pm Mar 10, 2009 12:43pm
Now that GJ has finally gone through 13550, it has got scared and rushed off north again. Fickle!!!!
  • #164,950
  • Mar 10, 2009 12:44pm Mar 10, 2009 12:44pm
dow still goin up
wll see higher before we break

further explanation:
from experience breaking the low on g/j while dow was retracing from a big rally as well as not being the conditions we use to be in when geppy would fall at any time it felt like it makes this a fake break down in my opinion. im still lookin for 137s before i decide to sell. but selling on the break of the low in this weird ranging market where the low was pushed up big time by buyers is scary
  • #164,951
  • Mar 10, 2009 12:48pm Mar 10, 2009 12:48pm
I'm out of this chop - gold is approaching the bottom of the channel, I'm looking for a solid trade for the next week or two, Geppy is being a boring bitch...for now.
Money & Pain Respect the market, protect your capital, be patient
  • #164,952
  • Mar 10, 2009 12:50pm Mar 10, 2009 12:50pm
GJ is inducing traders right now to long positions. When there is enough trades in big players are going to tank it take away stops and scare out all high level buyers.
  • #164,953
  • Mar 10, 2009 12:52pm Mar 10, 2009 12:52pm
Quoting vinesh2
GJ is inducing traders right now to long positions. When there is enough trades in big players are going to tank it take away stops and scare out all high level buyers.
Agreed, this run off the lows is simply to shake out any weak shorts and sucker in any fool that think it's an indication to go long. The bounce couldn't even breach the 23.6% fib that looks to be acting as some nice resistance now.
  • #164,954
  • Mar 10, 2009 12:54pm Mar 10, 2009 12:54pm
look at this dive... Like a hawk on his meat !
  • #164,955
  • Mar 10, 2009 12:54pm Mar 10, 2009 12:54pm
the more time i listen to other people's advice
and not my own i loose pips. talk to later old chaps.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #164,956
  • Mar 10, 2009 12:59pm Mar 10, 2009 12:59pm
Quoting england33
the more time i listen to other people's advice
and not my own i loose pips. talk to later old chaps.

As a rule of thumb YES confidence is key mate

some times its a good thing to disregard though

they are accumulating atm IMO WHY
"Millionaires don't use astrology, billionaires do"
  • #164,957
  • Mar 10, 2009 12:59pm Mar 10, 2009 12:59pm
Quoting vinesh2
GJ is inducing traders right now to long positions. When there is enough trades in big players are going to tank it take away stops and scare out all high level buyers.
i actually think its the other way round..baby.....

i cud be wrong...so just follow your charts...baby
  • #164,958
  • Mar 10, 2009 12:59pm Mar 10, 2009 12:59pm
Trade the charts..

That is how I make money..




Quoting england33
the more time i listen to other people's advice
and not my own i loose pips. talk to later old chaps.
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  • #164,959
  • Mar 10, 2009 1:11pm Mar 10, 2009 1:11pm
Goodbye longs

133.00 here we come...

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  • #164,960
  • Mar 10, 2009 1:18pm Mar 10, 2009 1:18pm
Da Bears
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