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

  • #188,421
  • Aug 11, 2009 12:21am Aug 11, 2009 12:21am
Quoting malcolmb14
look at daily .. this thing could be destined for 155.

GU upthrust to 1.7000 sure did the job they wanted it to do ... most traders GU are long


Once this thing starts dropping the move will be accelerated as bulls will be running for the doors

sure gu is due for retracement i agree

on my 60 min I see this little flag on gu bringing rsx up to 40 ... jsut enough for price to drop another 200 - 300 pip in us session

the thing that bothers me is why the drop before FOMC ... this could also be some form of bear trap ., so i am very wary of that...
according to my calculations and mis-calculations GBP trade balance should move its butt

as it is the 1 hour chart is still bearish, but it is really stuck on the daily support 159.25
  • #188,422
  • Aug 11, 2009 12:21am Aug 11, 2009 12:21am
[quote=malcolmb14;2945327]
Quoting PandoraBox

lol.....the bottom could just drop out of GJ is the indexes come off here

everything is aligned for it

I'm still waiting weekly correction....where the bloody hell she hide
  • #188,423
  • Aug 11, 2009 12:26am Aug 11, 2009 12:26am
[quote=malcolmb14;2945320]so lets look at 2 hour .... forexlion makes nice point in that 60 min is oversold ....howver there is just NO buying interest in GU AT ALL and hence gj

here is 2 hour ... already we are back where we started before nfp.

..

again, thank you very much for your insight. i m still very wary and therefore just scalping 5 - 10 pips. LOL my 2nd account has shrunk by 70% so i believe u know how i feel.

good afternoon everybody. happy pipping!
F
  • #188,424
  • Aug 11, 2009 12:28am Aug 11, 2009 12:28am
Quoting malcolmb14
aweosme job ... but how can someone not be happy making 316 pip

Pasndora , you have been in this game longer than I , remember the days gj moved 100 pip range all day and we were happy to get 40 pip of it .. those days were not so far back

these newer traders who have been trading this last year have been spoilt with the volatility

maybe he want 317 pips...but only got 316 pips...I'm can consider it....

Those days are different....less influent from outside...easy to predict......but now to many players...but it is good who are scalper bro...like you.

Too many player also give advantage to this pair...it will increase volatility of this pair......if somebody who want to manipulate it...he or she...will burn like hell.
  • #188,425
  • Aug 11, 2009 12:39am Aug 11, 2009 12:39am
Quoting PandoraBox
maybe he want 317 pips...but only got 316 pips...I'm can consider it....

Those days are different....less influent from outside...easy to predict......but now to many players...but it is good who are scalper bro...like you.

Too many player also give advantage to this pair...it will increase volatility of this pair......if somebody who want to manipulate it...he or she...will burn like hell.
yeah i tried manipulating it did not get very far with my 4 micro mini lots ...lol
Blogging daily now at www.volume.zone
  • #188,426
  • Aug 11, 2009 12:40am Aug 11, 2009 12:40am
Quoting forexlion
according to my calculations and mis-calculations GBP trade balance should move its butt

as it is the 1 hour chart is still bearish, but it is really stuck on the daily support 159.25
possible scenarios on 8 hour if that 159.25 gives way

156 to 155 zone
153 zone

Attached Image (click to enlarge)
Click to Enlarge Name: chart221.png Size: 225 KB
Blogging daily now at www.volume.zone
  • #188,427
  • Aug 11, 2009 12:42am Aug 11, 2009 12:42am
Ive been waiting for a place to go short from... but it just keeps dropping. No spots have opened up yet
Dr. C
  • #188,428
  • Aug 11, 2009 12:45am Aug 11, 2009 12:45am
Quoting cvcamper
Ive been waiting for a place to go short from... but it just keeps dropping. No spots have opened up yet
just wait for the right set up and use a stop .... gj is dropping under low volume last 24 hours .. this is bothering me. No pros in market and when they return this thing could turn on a dime.
Blogging daily now at www.volume.zone
  • #188,429
  • Aug 11, 2009 12:49am Aug 11, 2009 12:49am
Hi all,

H4 we are in a channel up, but i short gj, and let we see what happen near the area 158.700, if i wrong i will be long for the moment on gu.

yesterday i get only 120 pips with gu , can not reach 316 pips....right keep update with some trade....
Attached Image
Trade with the momentum
  • #188,430
  • Aug 11, 2009 12:50am Aug 11, 2009 12:50am
Quoting malcolmb14
possible scenarios on 8 hour if that 159.25 gives way

156 to 155 zone
153 zone

Attachment
for now it should goes up dragging by usd/jpy
i see bull flag on sushi with 98.30 as target
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-11_074805.png Size: 22 KB
  • #188,431
  • Aug 11, 2009 1:04am Aug 11, 2009 1:04am
Quoting Raza
Sorry it was on Demo..

I am trying some platforms from UK.. one of them I went 100 lots.. Buy.. to see the margin levels.. its very hard to get used to different plat forms... I am used to VT trader.. it is very user friendly... but my Broker is not very honest..

It looks like its Going Down.. G/J .. once below 157xx it will be very hard for it to get Up..

Grashid must be enjoying his short..if he is holding from TOP..
..my daily 38.2% was at 157...before 61.8% of 153.50....Step by step profit taking (always learn from my Master Piter and patient is virtual from my Master PB) with 50% watchout at 155.10...

As mentioned yesterday already reach my Weekly target by locking it @ 161.50 (finally reach it) and really love to see her going to 61.8% H4 @ 160.50 (actually even more till 159.6X...So am maybe seldom post as I no need to put any entry....just trailing stop and carefully handle on this bouncing period...unless she going back to 162 area....
  • #188,432
  • Aug 11, 2009 1:12am Aug 11, 2009 1:12am
[quote=PandoraBox;2945324]
Quoting malcolmb14
look at daily .. this thing could be destined for 155.


Daily, Yup...155 or below ....weekly more interesting....Kaboom. Still waiting....
am watch out at this area first..and will adjust my SL to 160.50 in London...then continue my journey of 600-900pips target in step by step profit taking...What do u think mate...Hit all of this in this week I will closing my Aug account early instead of 28 of Aug...
  • #188,433
  • Aug 11, 2009 1:13am Aug 11, 2009 1:13am
we still have more short room on daily chart
155 - 153 on the way

Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 20 KB
  • #188,434
  • Aug 11, 2009 1:16am Aug 11, 2009 1:16am
good morning money followers
  • #188,435
  • Edited 1:48am Aug 11, 2009 1:32am | Edited 1:48am
Perfect FIB CONFLUENCE...

CHART from DEMO.

160.82....161.92- 162.. another possible Short entry.

IF 157 IS BROKEN DECISIVELY THEN 153XX.. OTHER WISE UP.UP

Reverse Motive Wave

How do you make parallel trendline in MT4???
Attached Image (click to enlarge)
Click to Enlarge Name: REVERSE MOTIVE WAVE.jpg Size: 194 KB
Markets are not Random, they are designed!
  • #188,436
  • Aug 11, 2009 1:43am Aug 11, 2009 1:43am
Guys

Look at below 4 hour chart. It seems to have bounced off the lower TL channel. If it does not go below the low of the day and break this lower channel TL it will go north.

Balaji
  • #188,437
  • Aug 11, 2009 2:11am Aug 11, 2009 2:11am
took short 159.67 off the DT. go babeh go go

sl+20 but hoping for more

oh well 20 will do for now
  • #188,438
  • Aug 11, 2009 2:19am Aug 11, 2009 2:19am
Forgot to attach chart


Quoting balajis
Guys

Look at below 4 hour chart. It seems to have bounced off the lower TL channel. If it does not go below the low of the day and break this lower channel TL it will go north.

Balaji
Attached Image (click to enlarge)
Click to Enlarge Name: gj-4hr.gif Size: 30 KB
  • #188,439
  • Aug 11, 2009 2:23am Aug 11, 2009 2:23am
Quoting I like steak
Planning to go long tomorrow taking the following into account:

1. Weekly - macd and rsi bullish, short term trend up
2. Daily - macd good, rsi pointing down but not below 50, short term trend up
weekly and daily: short term trend is up = correlation = long

Support and resistance: 4 hour chart shows current price dancing on support.

Timing - may expect further weakness into London open, thereafter trade balance later in the morning.

Taking trade balance figures and US futures into account will be final box to tick before pulling trigger....
It bounced nicely of the support line started early July. I have US futures flat to positive atm.

Trade balance in approx 60min.

See page 12559 for original post.
  • #188,440
  • Aug 11, 2009 2:36am Aug 11, 2009 2:36am
Hi guys,

Frankly speaking, I loss a lot last week..

but i still live..
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