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

  • #184,061
  • Jul 8, 2009 11:43am Jul 8, 2009 11:43am
I'm just wondering what triggered this move? Does anyone know?
On a journey to consistency.
  • #184,062
  • Jul 8, 2009 11:44am Jul 8, 2009 11:44am
We should see some support kicking in on that 14730 line
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  • #184,063
  • Jul 8, 2009 11:47am Jul 8, 2009 11:47am
Quoting mktjong
I would say just wait, it may retrace up to 151 area in the next day or two. But it's up to you as it could go down more too.
I went long @147.00 as I think it's way too oversold and due for retrace.
Set SL to 147.10
  • #184,064
  • Jul 8, 2009 11:57am Jul 8, 2009 11:57am
Quoting pino2
I took a long trade now @ 146.94 will target 153 as Piters was mentioning
be carefull my friend.. take profit step by step..

as we dropped 2 levels below.. I would look for a retracement and test of

148.80, to 150.00 and will take further acctions accordinaly..

cheers..
  • #184,065
  • Jul 8, 2009 12:00pm Jul 8, 2009 12:00pm
Quoting Tataocb
I'm just wondering what triggered this move? Does anyone know?
China canceled coal shipment from Australia, jpy - save heaven
  • #184,066
  • Jul 8, 2009 12:05pm Jul 8, 2009 12:05pm
Quoting pipsbull
China canceled coal shipment from Australia, jpy - save heaven
Also market very worried about earning season next week so risk takers hide again. Well been waiting for this move, finally!
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  • #184,067
  • Jul 8, 2009 12:05pm Jul 8, 2009 12:05pm
Quoting pipsbull
China canceled coal shipment from Australia, jpy - save heaven
so aussie will drop like a rock in a water...
BTW today have been made longest red candle since january, 600 pips so far...
1,5K pips arrived and counting ...
  • #184,068
  • Jul 8, 2009 12:12pm Jul 8, 2009 12:12pm
Quoting 5ysfx
so aussie will drop like a rock in a water...
BTW today have been made longest red candle since january, 600 pips so far...
1,5K pips arrived and counting ...
aussie, nzd.. the commodity attached currencies
But, I more into yen, right now. Wonder if 90 comes faster then 94. Then the next daily stops are 90, 87, 78,...
But basically, I agree with mktjong, I'll be looking for possible buy in asia.
  • #184,069
  • Jul 8, 2009 12:20pm Jul 8, 2009 12:20pm
Here is a weekly chart. Price is on weekly Gann and imho it should have the retrace to 153,6 or where ever the 4hr Gann will be and Daily 5sma. Especially if the current 4hr candle closses like it is now forming the PB.
The timming supports that idea, also.
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  • #184,070
  • Jul 8, 2009 12:32pm Jul 8, 2009 12:32pm
Why o why did I not take this trade....nice run of over 1,200 pips..

Maybe because I'm supposed to be on holiday
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  • #184,071
  • Jul 8, 2009 12:34pm Jul 8, 2009 12:34pm
http://www.forexfactory.com/showpost...stcount=182054

1st TP hit...

Other Lots closed at 14728 until I see how far this retraces, expect 149-150 to contain rise before sell-off again. Also need a daily close below 1.600 on G/U before scaling in Shorts again.

Watching these Fib levels carefully for another possible sell-off.

(See the blue line around 15363? (Lower trendline breach), could see rise back there to retest if daily close above 150)
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  • #184,072
  • Jul 8, 2009 12:35pm Jul 8, 2009 12:35pm
Quoting mike_85
Why o why did I not take this trade....nice run of over 1,200 pips..

Maybe because I'm supposed to be on holiday
What indicator/templates do you have on that chart? Looks very intriguing
Designer by day Trader by night.
  • #184,073
  • Jul 8, 2009 12:43pm Jul 8, 2009 12:43pm
Quoting pipsbull
Here is a weekly chart. Price is on weekly Gann and imho it should have the retrace to 153,6 or where ever the 4hr Gann will be and Daily 5sma. Especially if the current 4hr candle closses like it is now forming the PB.
The timming supports that idea, also.
your candles look different than the one i got !

i have 4 meta traders all of them same candles but u r different !

whats going on ?
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  • #184,074
  • Jul 8, 2009 12:44pm Jul 8, 2009 12:44pm
Quoting mmeador
What indicator/templates do you have on that chart? Looks very intriguing
Hi, see http://www.forexfactory.com/showpost...stcount=183925

It is still a work in progress but looking very very positive at this stage. It will be posted when done for evaluation....and yes....I have NO commercial interest if anybody is wondering...
  • #184,075
  • Jul 8, 2009 12:47pm Jul 8, 2009 12:47pm
Quoting msniper
your candles look different than the one i got !

i have 4 meta traders all of them same candles but u r different !

whats going on ?
I know, that happens. But I look to candlestick formation only on that charts from my broker- it's EST, and the one mt4 are completely different, too.
  • #184,076
  • Jul 8, 2009 12:49pm Jul 8, 2009 12:49pm
bull till 151 or 153?
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  • #184,077
  • Jul 8, 2009 12:51pm Jul 8, 2009 12:51pm
Quoting wajid
bull till 151 or 153?
My advise is to watch the PA @ those levels and be right on timming, as to say it now is like sticking your finger to the heaven.
  • #184,078
  • Jul 8, 2009 12:54pm Jul 8, 2009 12:54pm
Quoting mike_85
Hi, see http://www.forexfactory.com/showpost...stcount=183925

It is still a work in progress but looking very very positive at this stage. It will be posted when done for evaluation....and yes....I have NO commercial interest if anybody is wondering...
Nice work
  • #184,079
  • Jul 8, 2009 12:55pm Jul 8, 2009 12:55pm
Hi Guys,
Need Some Advs,Price went up atm 148. its 198.pips up.... is it still bearish or its the rise of the bull???
As im still holding Short@146.
  • #184,080
  • Jul 8, 2009 12:58pm Jul 8, 2009 12:58pm
Quoting pipsbull
My advise is to watch the PA @ those levels and be right on timming, as to say it now is like sticking your finger to the heaven.
Quoting Piters
be carefull my friend.. take profit step by step..

as we dropped 2 levels below.. I would look for a retracement and test of

148.80, to 150.00 and will take further acctions accordinaly..

cheers..


I agree bro.. as we hit F382 on GU and GY on 5min = 148.80 (first target) we are probably seeng another small pull back.. down to 148 - 147.50

I would be carefull sith 150 level as is a strong S/R level, and we just passed through like a butter. So what im saying is that I would be expecting to go Up and retest the 150 level.. and then realy depends of the PA..

We may continue to 153.50 (4h gann) or we may reverse down to complete this drop to possible 143 level..

cheers
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