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

  • #188,581
  • Aug 12, 2009 3:59am Aug 12, 2009 3:59am
Quoting Jerry
my chat thta's how i see GJ today
seems i were wrong
  • #188,582
  • Aug 12, 2009 4:04am Aug 12, 2009 4:04am
maybe not that low
Quoting Jerry
my chat thta's how i see GJ today

Attachment
Nihil Sine Deo.
  • #188,583
  • Edited 4:23am Aug 12, 2009 4:09am | Edited 4:23am
Quoting Fudomyo
...The 38.2 fib line near 155.25 is the bounce point I have my eye on.
Closed last leg of my short before news.

Didn't quite make my target from Sunday.
We missed the 38.2 fib (215.6 High x 118.8 Low) by 15 pips, but close enough. 604 pips TP.

I can't believe we got there so fast... I was expecting it to take much longer.

Makes up a bit for last week. I completely missed the ride up on Friday....
Attached Image (click to enlarge)
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  • #188,584
  • Aug 12, 2009 4:30am Aug 12, 2009 4:30am
Thankyou, much respect


Hi all, bad week -10k, dang thing is my sentiment was totally bearish, I would bank a small profit and then reenter at some resistance see the thing retrace and cut my loss thinking the dragon could rocket towards 168-170 area (50%) fib and leave my shorts in the dust...

The bottom line is we all know that things are going to get worse (alot worse) actually 2008 will look like a banner yr.

So until i get as good as you guys I am just going to keep loading up shorts, as many as i can over the next several months. I expect a large draw down ( actually hope these intial trades end up with a large draw down), I basically wanted some of you longterm guys help me determine just how far this beast could rise.
  • #188,585
  • Aug 12, 2009 4:32am Aug 12, 2009 4:32am
there's some selling into this move up. Look at the increase in vulumes. Not all that vol is buying.

Attached Image (click to enlarge)
Click to Enlarge Name: 15m selling into.gif Size: 24 KB


Bounce may be short lived. Taken a short here with fairly tight stop.
  • #188,586
  • Aug 12, 2009 4:38am Aug 12, 2009 4:38am
ukdaytrader, could you please post that volume spread analyzer indicator? Thanks.
  • #188,587
  • Aug 12, 2009 4:42am Aug 12, 2009 4:42am
I am not sure how to post a video, but go to the Video store thread page 39 and listen to pitters posted video on whitney tillson interview on 60 min, Im in the building bussiness and some comercial realestate, The sub prime bubble wasnt anything compared to this, coupled with this its a 1-2 punch yr out.
  • #188,588
  • Aug 12, 2009 4:44am Aug 12, 2009 4:44am
well seems nothing hugely bad came out, it could rise purely now that the event risk is out of the way. or it may go back down to 156 again. who knows. seems like no clear direction at the moment.
  • #188,589
  • Aug 12, 2009 4:45am Aug 12, 2009 4:45am
Quoting ukdaytrader
there's some selling into this move up. Look at the increase in vulumes. Not all that vol is buying.

Attachment

Bounce may be short lived. Taken a short here with fairly tight stop.
Have to break out of the 156.84 (38.2 fib) - 157.47 range first before a direction is clear.

May not happen until BOE news....
Attached Image (click to enlarge)
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  • #188,590
  • Aug 12, 2009 4:52am Aug 12, 2009 4:52am
Quoting Fudomyo
Have to break out of the 156.84 (38.2 fib) - 157.47 range first before a direction is clear.

May not happen until BOE news....
boe news? you mean the one that happened 20 mins ago?
  • #188,591
  • Aug 12, 2009 4:56am Aug 12, 2009 4:56am
Quoting ewokuk
boe news? you mean the one that happened 20 mins ago?
lol! I meant FOMC...
  • #188,592
  • Aug 12, 2009 4:58am Aug 12, 2009 4:58am
Quoting Fudomyo
lol! I meant FOMC...
i think we might see it drifting higher until then, no major surprises from BOE so with the risk out of the way, could be time for a retrace at the very least.
  • #188,593
  • Aug 12, 2009 5:02am Aug 12, 2009 5:02am
Quoting ewokuk
i think we might see it drifting higher until then, no major surprises from BOE so with the risk out of the way, could be time for a retrace at the very least.
You may be right.

I'm waiting to see if we break above 157.48 and the 62EMA on the 15M first.
  • #188,594
  • Aug 12, 2009 5:05am Aug 12, 2009 5:05am
Quoting Fudomyo
You may be right.

I'm waiting to see if we break above 157.48 and the 62EMA on the 15M first.
yeah im watching for that. i took a long from 157.08 but got stopped out by 1 pip at BE before it went flying up to the 40's. Typical.
  • #188,595
  • Aug 12, 2009 5:14am Aug 12, 2009 5:14am
Turning Point:

Finally broke through 1 hour tema after nearly 3 tokyo sessions

This means we now head upwards, unless 1 hour tema breaks again to the downside
  • #188,596
  • Aug 12, 2009 5:22am Aug 12, 2009 5:22am
Quoting forexlion
Turning Point:

Finally broke through 1 hour tema after nearly 3 tokyo sessions

This means we now head upwards, unless 1 hour tema breaks again to the downside
A break is not confirmed till you get a close my freind. Patience and don't count the chickens before the eggs hatch.
  • #188,597
  • Aug 12, 2009 5:26am Aug 12, 2009 5:26am
Quoting forexlion
Turning Point:

Finally broke through 1 hour tema after nearly 3 tokyo sessions

This means we now head upwards, unless 1 hour tema breaks again to the downside
But if it does break, this could be a retrace to the 4h temma which is due. price is at 158.80 region
Attached Image (click to enlarge)
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  • #188,598
  • Aug 12, 2009 5:28am Aug 12, 2009 5:28am
Quoting bill77
A break is not confirmed till you get a close my freind. Patience and don't count the chickens before the eggs hatch.
at +60 and sl at be +5 i dun care
  • #188,599
  • Aug 12, 2009 5:36am Aug 12, 2009 5:36am
Quoting bill77
But if it does break, this could be a retrace to the 4h temma which is due. price is at 158.80 region
break that 4 hour tema and we party

actually if someone noticed, we bounced neatly off the weekly t3ma value 13

this was a major support, breal of which would have been disastrous
  • #188,600
  • Aug 12, 2009 5:44am Aug 12, 2009 5:44am
FL, is there a tema indicator available for Mt4? Ive looked for one but have not located it as yet.
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