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

  • #188,481
  • Aug 11, 2009 9:20am Aug 11, 2009 9:20am
Quoting Bernanke_Sr
unless we close below 157.30 or thereabouts on the daily charts, the pair WILL resume north... matter of fact if this fall down will get stalled and the pair starts to move a bit towards north, i am buying it.
then you may get slaughtered like the rest of the bulls tomorrow when unempl claims, inflation report and FOMC could all send it flying down further.
  • #188,482
  • Aug 11, 2009 9:22am Aug 11, 2009 9:22am
Quoting ewokuk
then you may get slaughtered like the rest of the bulls tomorrow when unempl claims, inflation report and FOMC could all send it flying down further.

do not get married to this direction ... in volatile time gj can spring up 400 pip just like that before resuming down trend

157.5 is strong support.....
Blogging daily now at www.volume.zone
  • #188,483
  • Aug 11, 2009 9:26am Aug 11, 2009 9:26am
it just keeps dropping i'm never going to be able to get in
"Don't trade to trade . . . trade to win." - James16
  • #188,484
  • Aug 11, 2009 9:26am Aug 11, 2009 9:26am
Quoting malcolmb14
do not get married to this direction ... in volatile time gj can spring up 400 pip just like that before resuming down trend

157.5 is strong support.....
ok was looking at 157.50 but i just moved up my stop to 158.10 as i didnt trust the little bounce off 158, got taken out, no doubt itll now plummet to 157.50 or lower. +50 for the trade and +65 for the day so far so not too bad anyway.

i might look for a long maybe off 157.50 if it gets there and bounces. im not shorting anymore now unless it comes up to some resistance level (159 at least) and looks like its going to come back down.
  • #188,485
  • Aug 11, 2009 9:27am Aug 11, 2009 9:27am
Quoting ewokuk
then you may get slaughtered like the rest of the bulls tomorrow when unempl claims, inflation report and FOMC could all send it flying down further.
i might get rich like thr rest of the bulls tomorrow when unempl claims, inflation report and FOMC could all send it flying up as well
  • #188,486
  • Aug 11, 2009 9:28am Aug 11, 2009 9:28am
Quoting Bernanke_Sr
unless we close below 157.30 or thereabouts on the daily charts, the pair WILL resume north... matter of fact if this fall down will get stalled and the pair starts to move a bit towards north, i am buying it.
..come 157.30 (S3) ...
  • #188,487
  • Aug 11, 2009 9:28am Aug 11, 2009 9:28am
Quoting malcolmb14
do not get married to this direction ... in volatile time gj can spring up 400 pip just like that before resuming down trend

157.5 is strong support.....
Should be 157.00, right?
  • #188,488
  • Aug 11, 2009 9:30am Aug 11, 2009 9:30am
Quoting ewokuk
ok was looking at 157.50 but i just moved up my stop to 158.10 as i didnt trust the lilttle bounce off 158, got taken out. +50 for the trade and +65 for the day so far so not too bad.
lol..i tought u r long???
  • #188,489
  • Aug 11, 2009 9:30am Aug 11, 2009 9:30am
Quoting Bernanke_Sr
i might get rich like thr rest of the bulls tomorrow when unempl claims, inflation report and FOMC could all send it flying up as well
and then poor Thursday when news say colonial banks , 6th largest in us history folded
Blogging daily now at www.volume.zone
  • #188,490
  • Aug 11, 2009 9:31am Aug 11, 2009 9:31am
Quoting mktjong
Should be 157.00, right?
same like mine..Daily 38.2%
  • #188,491
  • Aug 11, 2009 9:31am Aug 11, 2009 9:31am
old gopher taking all the crosses down i didn't wake up in time to catch the drop
"Don't trade to trade . . . trade to win." - James16
  • #188,492
  • Aug 11, 2009 9:34am Aug 11, 2009 9:34am
Quoting grashid
lol..i tought u r long???

hell no, been shorting since sunday night

but im nervous about shorting too much right now. going to watch rest of today for a bounce from 157.50, or a retrace and bounce down off maybe 159.

gj is getting pretty close to its average daily range now so it may not have a huge amount further to go. it may even come up off this area now i guess. but i wont go long here. only off some significant support. i am learning these days support and resistance is everything, with a lil bit of looking at volume to back it up.
  • #188,493
  • Aug 11, 2009 9:35am Aug 11, 2009 9:35am
poor boj there shennanigans last friday are close to being reversed.
"Don't trade to trade . . . trade to win." - James16
  • #188,494
  • Aug 11, 2009 9:39am Aug 11, 2009 9:39am
Quoting ewokuk
hell no, been shorting since sunday night

but im nervous about shorting too much right now. going to watch rest of today for a bounce from 157.50, or a retrace and bounce down off maybe 159.

gj is getting pretty close to its average daily range now so it may not have a huge amount further to go. it may even come up off this area now i guess. but i wont go long here. only off some significant support. i am learning these days support and resistance is everything, with a lil bit of looking at volume to back it up.
SL=158.50 ...come on 157.30...
  • #188,495
  • Aug 11, 2009 9:42am Aug 11, 2009 9:42am
usdjpy has bounced from support at 95.80 area, taking gj up with it at the moment it seems. might have been good for a long but too late for me now i think.

i might consider a long if gj comes back and bounces off 158 again for a DB
  • #188,496
  • Aug 11, 2009 9:55am Aug 11, 2009 9:55am
99% gbpjpy will go to 159.30 either today or tomorrow..
this pair is still bullish besides the last 2 days down move..
for me i would say so far last 2 days were corrections to the market before going up. no trend reversal SO FAR.
  • #188,497
  • Aug 11, 2009 9:58am Aug 11, 2009 9:58am
Quoting grashid
SL=158.50 ...come on 157.30...
..when am typing in GU thread...My maria want to stop me and ask for sleep..mm..ok la..i need to bring her for bed...enough for her at the moment...Ok la.....see all of you this Thursday for GY...if not tomorrow ..Good luck all

P/S: Game over of my step by step...
  • #188,498
  • Aug 11, 2009 10:02am Aug 11, 2009 10:02am
Quoting Bernanke_Sr
99% gbpjpy will go to 159.30 either today or tomorrow..
this pair is still bullish besides the last 2 days down move..
for me i would say so far last 2 days were corrections to the market before going up. no trend reversal SO FAR.
depends on the timeframe doesnt it. of the last 41x 1 hour bars, 31 have been down bars, 10 have been up bars and ALL of those up bars were very small (not one of them was even 50 pips). so anyone thats trading 1h or less, this thing sure aint bullish. having said that, it looks in need of a retrace at the moment, very big drop with hardly any retrace so it may well go to 159.30 as a retrace before dropping.

it might be DB at the moment just under 158 so might be good for a long here. its overdue i think, dnot trust it too much but if this thing stops and shows buying volume ill long it with a stop just below the low. looks like it might be holding.
  • #188,499
  • Aug 11, 2009 10:19am Aug 11, 2009 10:19am
someone saw the daily GU chart ? it's like today never happened
  • #188,500
  • Aug 11, 2009 10:35am Aug 11, 2009 10:35am
.......for now. Lest see what next. Having a nice ride down from 159.2
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