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

  • #179,601
  • May 27, 2009 1:04pm May 27, 2009 1:04pm
How come the Dow is down and Geppy is still trending up. Looks like a mark-up, a prelude to a big fall :-)
  • #179,602
  • May 27, 2009 1:07pm May 27, 2009 1:07pm
Quoting rgitt05
Still expecting the GU to run up to 1.6200 area first before making a big fall to the WPP at 1.5660-1.5700.

Agreed. Thought we may have seen the top of G/U for this week but the low volume down bar on G/U 5m chart shows the pro money is not selling. US stockmarket seems to be holding it down though. Perhaps if there is a good run on NYSE it will lift G/U and G/Y up considerably. Went long with tightish S/L under 38.2% fib.

Malc - was this what you call a low volume test (to 38.2% weekly fib)?
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  • #179,603
  • May 27, 2009 1:22pm May 27, 2009 1:22pm
It might happen during NY time or Asian time tonight..

Take notes..




Quoting uksnowman
Agreed. Thought we may have seen the top of G/U for this week but the low volume down bar on G/U 5m chart shows the pro money is not selling. US stockmarket seems to be holding it down though. Perhaps if there is a good run on NYSE it will lift G/U and G/Y up considerably. Went long with tightish S/L under 38.2% fib.

Malc - was this what you call a low volume test (to 38.2% weekly fib)?
[
  • #179,604
  • May 27, 2009 3:21pm May 27, 2009 3:21pm
I guess my plan will not playout..It looks like the goose is done..

Heading for the WPP 148.00 support zone..Break of the 152.00 support for confirmation

U.S. debt auction sparks little interest ...( Bad news)

Closed my trades and shorting now from 152.50

300 pips total for four days waiting for a swing trade..I did managed to scalp a few trades today..

Good Luck..




Quoting uksnowman
Agreed. Thought we may have seen the top of G/U for this week but the low volume down bar on G/U 5m chart shows the pro money is not selling. US stockmarket seems to be holding it down though. Perhaps if there is a good run on NYSE it will lift G/U and G/Y up considerably. Went long with tightish S/L under 38.2% fib.

Malc - was this what you call a low volume test (to 38.2% weekly fib)?
[
  • #179,605
  • May 27, 2009 3:21pm May 27, 2009 3:21pm
i recommend you take a look at this article about money management http://articles.mql4.com/813
I recommend you read something else as this sentence is now concluded.
  • #179,606
  • May 27, 2009 3:28pm May 27, 2009 3:28pm
This could be historical. May 27th 2009 21.20Hour GMT+2.GBP?JPY and most Pound sterling correction against other currency end.
  • #179,607
  • May 27, 2009 3:58pm May 27, 2009 3:58pm
I see that all these stupid pairs have discovered gravity now. pieces of garbage . . .
"Don't trade to trade . . . trade to win." - James16
  • #179,608
  • May 27, 2009 4:06pm May 27, 2009 4:06pm
Quoting rgitt05
I guess my plan will not playout..It looks like the goose is done..

Heading for the WPP 148.00 support zone..Break of the 152.00 support for confirmation

U.S. debt auction sparks little interest ...( Bad news)

Closed my trades and shorting now from 152.50

300 pips total for four days waiting for a swing trade..I did managed to scalp a few trades today..

Good Luck..

Wow... Nice entry on your short... I also took a short, 25 pip below your entry. Entered my short at 152.25. ..... That would be great if we do get the 148.00 area you mentioned; before this thing move higher.
  • #179,609
  • May 27, 2009 4:10pm May 27, 2009 4:10pm
When are you expecting the 148 level if it ever goes that low.

Thanks
  • #179,610
  • May 27, 2009 4:11pm May 27, 2009 4:11pm
Quoting Flem26
I see that all these stupid pairs have discovered gravity now. pieces of garbage . . .

Of course after they have kicked everyones ass. Not done yet though just a another ass kicking for the late longs now

Vampire seek the blood on the street
"Millionaires don't use astrology, billionaires do"
  • #179,611
  • May 27, 2009 4:19pm May 27, 2009 4:19pm
I lost some this morning, gained some back on afternoon. MM is very important, but I still not adapted it yet:-).
Good Luck everyone.
  • #179,612
  • May 27, 2009 4:20pm May 27, 2009 4:20pm
Quoting Flem26
I see that all these stupid pairs have discovered gravity now. pieces of garbage . . .
Right at 5pm EST...mmm... Bank stop check maybe??? Happened other day on GU...
  • #179,613
  • May 27, 2009 4:22pm May 27, 2009 4:22pm
Quoting OrionsWay
Of course after they have kicked everyones ass. Not done yet though just a another ass kicking for the late longs now

Vampire seek the blood on the street
"Don't trade to trade . . . trade to win." - James16
  • #179,614
  • May 27, 2009 4:38pm May 27, 2009 4:38pm
Quoting Andrew Vu
I lost some this morning, gained some back on afternoon. MM is very important, but I still not adapted it yet:-).
Good Luck everyone.
You should check out this article, I was just reading it, and it talks about utilizing MM.

The title of the Article is:
On the Long Way to being a Successful Trader-The Two very First Steps.


http://articles.mql4.com/813
  • #179,615
  • May 27, 2009 5:06pm May 27, 2009 5:06pm
Quoting rgitt05
I guess my plan will not playout..It looks like the goose is done..

Heading for the WPP 148.00 support zone..Break of the 152.00 support for confirmation

U.S. debt auction sparks little interest ...( Bad news)

Closed my trades and shorting now from 152.50

300 pips total for four days waiting for a swing trade..I did managed to scalp a few trades today..

Good Luck..

Hi rg! I have to recognize you're a Geppy master Sir! Congrats!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #179,616
  • May 27, 2009 5:16pm May 27, 2009 5:16pm
Quoting JhonMonsalve
Hi rg! I have to recognize you're a Geppy master Sir! Congrats!

yea RG see's orderflow just fine
"Millionaires don't use astrology, billionaires do"
  • #179,617
  • May 27, 2009 5:50pm May 27, 2009 5:50pm
I think about ... and the conclusion was that the goal was not completed yet higher prices and we hope soon, you thinking of going down as long I have to wait see my marked prices or I will take the juice of sweat pants.
wonder that my trash
  • #179,618
  • May 27, 2009 6:07pm May 27, 2009 6:07pm
Trend is your friend...




Quoting JhonMonsalve
Hi rg! I have to recognize you're a Geppy master Sir! Congrats!
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  • #179,619
  • Edited 6:42pm May 27, 2009 6:32pm | Edited 6:42pm
Atm the 152.00 is holding up after the DJ closed -127 today.

PA showed today the Monthly R1 at 152.00 is acting as a Support atm

The 152.00 need to break to confirm the bull is over short term until the WPP 148.00.

Three playout:

A. Consolidation( Blue arrow)

Range between 152.00 monthly R1 and 153.00

B. Break of the 152.00 support zone and test the WPP at 148.00
(Red Arrow)

C. Break of the 153.00 resistance zone to confirm retracement to the 38.2% 156.00 area ( Green Arrow)



Trade your charts.

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  • #179,620
  • May 27, 2009 6:39pm May 27, 2009 6:39pm
Wait untill 153.20 to reload the sell
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