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

  • #183,201
  • Jun 26, 2009 1:15am Jun 26, 2009 1:15am
Quoting peaches
Hi Peaches,

I am almost certain your fibs are upside down.


Cheers
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #183,202
  • Jun 26, 2009 1:18am Jun 26, 2009 1:18am
I have followed this thread forever - and it is always the same - whenever things are stabilizing and everyone is WORKING on PA/TA and benefitting from the knowledge of the more seasoned traders - along comes someonevwho hardly ever posts or is brand new - who begins to subvert the thread and take it away from its purpose. The seasoned traders leave
and go to private chat - and the thread never maintains any momentum.

Who wins in this scenario - not us retail traders thats for sure - the only winner is the broker. It is too easy for these threads to be infiltrated and disrupted.

FGS stop the dick swinging - leave your egos at home and try to treat each other - newbie or pro trader with equal and utmost respect. Use the Cable thread as a good example. The pros are dignified and respectful and relaxed - and they deal with subversives - quietly and decisively.
  • #183,203
  • Jun 26, 2009 1:20am Jun 26, 2009 1:20am
Quoting Samuisun
The seasoned traders leave
and go to private chat
You got that right
  • #183,204
  • Jun 26, 2009 1:21am Jun 26, 2009 1:21am
Quoting djambazov84
Hi Peaches,

I am almost certain your fibs are upside down.


Cheers
looks to me peaches is more interested in measuring fib extension.
  • #183,205
  • Jun 26, 2009 1:24am Jun 26, 2009 1:24am
I must be honest, I have not been able to read GY at all well this week. Divergences haven't played out as I expected and the PA has been spastic.
So, I do what I always do when my view is clouded, revert to Gann + QQE.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 21 KB

We're under the 4hr Gann, but QQE is bullish. No trade until this changes.

Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 21 KB

Shows bullish setup, but the sideways nature of the PA coupled with price hovering at 200 and 50 ema means I'm not bullish until 4hr gives me a clear direction.

Happy trading folks.
  • #183,206
  • Jun 26, 2009 1:24am Jun 26, 2009 1:24am
Quoting pkimnyc
looks to me peaches is more interested in measuring fib extension.
Good point. No harm intended. Just wanted to make sure...
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #183,207
  • Jun 26, 2009 1:27am Jun 26, 2009 1:27am
Quoting djambazov84
Good point. No harm intended. Just wanted to make sure...
doesn't really matter if you put it upside down.

f 62 = 38
f 50 = 50
f 38 = 62

same thing....
  • #183,208
  • Jun 26, 2009 1:40am Jun 26, 2009 1:40am
http://business.timesonline.co.uk/to...cle6578368.ece

bring on the rally?
  • #183,209
  • Jun 26, 2009 2:21am Jun 26, 2009 2:21am
nice bounce of that decending trend line piters gave us yesturday. must break that first before bulls party.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 25 KB
  • #183,210
  • Jun 26, 2009 2:25am Jun 26, 2009 2:25am
If the swiss did intervene, i wonder what currency they purchased. Maybe the pound? Out of the euro, pound and usd, whatever is the best deal, I suppose.
  • #183,211
  • Jun 26, 2009 2:28am Jun 26, 2009 2:28am
Quoting Clouds
If the swiss did intervene, i wonder what currency they purchased. Maybe the pound? Out of the euro, pound and usd, whatever is the best deal, I suppose.
Euro's the easiest
  • #183,212
  • Jun 26, 2009 2:38am Jun 26, 2009 2:38am
Quoting Clouds
If the swiss did intervene, i wonder what currency they purchased. Maybe the pound? Out of the euro, pound and usd, whatever is the best deal, I suppose.
They would have spread their exposure wouldn't they? If they're selling Swissy, then higher yielding currencies would be favourites? Aussie? Kiwi?
  • #183,213
  • Jun 26, 2009 2:45am Jun 26, 2009 2:45am
Quoting ukdaytrader
They would have spread their exposure wouldn't they? If they're selling Swissy, then higher yielding currencies would be favourites? Aussie? Kiwi?
Well yea spread out their exposure, I was just thinking since swissy and england are european countries with independent currencies, they may have favored the transaction, and on the monthly the gbp/chf looks like a reflexive relationship.
  • #183,214
  • Jun 26, 2009 2:49am Jun 26, 2009 2:49am
Quoting Piters
as long we stay bellow 4h gann.. my target is 154 - 153.30

bb later
there is a pretty scary sign for bears: the possible change of bias to bullish
as Malcolm mentioned earlier
1. price crossed over 4h Gann;
2. the right shoulder of 4h H&S is higher then the left one
so we might see geppy at 159.5 or higher IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gann .gif Size: 39 KB
  • #183,215
  • Jun 26, 2009 3:05am Jun 26, 2009 3:05am
Quoting metlife777
there is a pretty scary sign for bears: the possible change of bias to bullish
as Malcolm mentioned earlier
1. price crossed over 4h Gann;
2. the right shoulder of 4h H&S is higher then the left one
so we might see geppy at 159.5 or higher IMHO
looks like.. but only looks..

my new 4h candle opens in 2h from now.. we hit the UTL.. I posted yesterday..
and we are ranging here without any action.. YES next hour - two are important.. if we CLOSE above the gann.. then there are a lot of chances to attack that UTL and have a BREAKOUT.. to NORTH.. otherwise.. we may just switch to down... 158.50 is the KEY

Still have your SL in place.. and expect anything...
Im still bearish with my positions..
  • #183,216
  • Jun 26, 2009 3:16am Jun 26, 2009 3:16am
Quoting Piters
looks like.. but only looks..

my new 4h candle opens in 2h from now.. we hit the UTL.. I posted yesterday..
and we are ranging here without any action.. YES next hour - two are important.. if we CLOSE above the gann.. then there are a lot of chances to attack that UTL and have a BREAKOUT.. to NORTH.. otherwise.. we may just switch to down... 158.50 is the KEY

Still have your SL in place.. and expect anything...
Im still bearish with my positions..
I do agree that general overview on GJ is still bearish on daily and that it is important how price is closed in 2 hours;
current set up looks like deja vu from Euro-USD on 4h: huge move up and new H&S formed with uptrend channel resembling bear flag
Attached Image (click to enlarge)
Click to Enlarge Name: bear flag or...gif Size: 41 KB
  • #183,217
  • Jun 26, 2009 3:18am Jun 26, 2009 3:18am
Here is a chart I've been swing trading all week. . .

Looking like a zig-zag with an irregular B wave. . . I suspect after it completes we will be ready for the C wave down. . . to 150 min. . .

Swing trading takes patience and time but pays dividends and requires less time in front of the computer!

However, to each his/her own all depend on your personal goals and life. . .

Lets see how it plays!
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gj chart.gif Size: 26 KB
  • #183,218
  • Jun 26, 2009 3:24am Jun 26, 2009 3:24am
hi, i am a beginner. Can somebody direct me some indicators and methods to trade for GBP/JPY or GBP/USD?? Thanks
  • #183,219
  • Jun 26, 2009 3:27am Jun 26, 2009 3:27am
Quoting wong_jennhwa
hi, i am a beginner. Can somebody direct me some indicators and methods to trade for GBP/JPY or GBP/USD?? Thanks
If u are new to trading I would advise you start with a slower pair like eur/usd before attempting this pair. . .

food for thought not a suggestion. . .
  • #183,220
  • Jun 26, 2009 3:33am Jun 26, 2009 3:33am
Quoting wong_jennhwa
hi, i am a beginner. Can somebody direct me some indicators and methods to trade for GBP/JPY or GBP/USD?? Thanks
yea, try to stay away from scalping.
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