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

  • #192,141
  • Aug 27, 2009 6:51pm Aug 27, 2009 6:51pm
due to the bullishness of today i went long earlier and just closed 1 pip short of my goal. lol.. 152.64 closed at 152.63. i think it could go higher. maybe much higher if equities continue to rally. depends if dow jones can hold on to it's gains. if we get a retracement i'll go long again.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,142
  • Aug 27, 2009 6:52pm Aug 27, 2009 6:52pm
hate this up move before tokyo .. all JPY numbers bad equity markjets could drop ....maybe taking gj with them
Blogging daily now at www.volume.zone
  • #192,143
  • Aug 27, 2009 6:52pm Aug 27, 2009 6:52pm
Quoting Raza
IS THIS A joke....Must be,,, Good ONE.... must be the WEED..
And a hell of a weed!!!
  • #192,144
  • Aug 27, 2009 6:52pm Aug 27, 2009 6:52pm
Quoting malcolmb14
lol.....and i bet you are not joking either ...
it could get there.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,145
  • Aug 27, 2009 6:53pm Aug 27, 2009 6:53pm
Quoting malcolmb14
hate this up move before tokyo .. all JPY numbers bad equity markjets could drop ....maybe taking gj with them
man it seems like they are dismissing bad news left and right. i can't wait for next week to see the reaction.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,146
  • Aug 27, 2009 6:55pm Aug 27, 2009 6:55pm
Quoting england33
man it seems like they are dismissing bad news left and right. i can't wait for next week to see the reaction.

Next month G/J will get off the Valium...and will be on CRACK and WEED together..!! with some Viagra... and will be at 249.00.. soon!!! lol ..
Markets are not Random, they are designed!
  • #192,147
  • Aug 27, 2009 6:56pm Aug 27, 2009 6:56pm
oh btw i was checking out ej and the moves aren't too bad so i traded a few lots with lower spreads to boot.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,148
  • Edited 7:07pm Aug 27, 2009 6:57pm | Edited 7:07pm
Quoting england33
due to the bullishness of today i went long earlier and just closed 1 pip short of my goal. lol.. 152.64 closed at 152.63. i think it could go higher. maybe much higher if equities continue to rally. depends if dow jones can hold on to it's gains. if we get a retracement i'll go long again.
good morning

I took a small long as well at 152.2 but just closed it though when we bounced off the 200ema on the 15M.

hahaha chickened out. may regret it later, but still 40 pips is a nice way to start the morning.

Let's see if we can close solidly above 152.7 and then I'll be more bullish.

There was a very nice descending wedge pennant on the GU 1H which suggested a potential move up. If they can close above 1.630, it will be a better confirmation.
  • #192,149
  • Aug 27, 2009 7:15pm Aug 27, 2009 7:15pm
Quoting malcolmb14
buy 152 .... target 153.xxx i agree with sniper on this one after closely reviewing all time frames.

the only reson this would change is if this is osme kind of trick they are playing in US session. I am looking for asia indexes to be green

note this is a retrace only for me at the moment.... unless GU gets above 1.6400 and stays there on 2 hour chart

Attachment

trade working ok ... resistance at 153 .... may close there and call it night ....for 100 pip

If we shoot thru 153 then 153.50 on cards ( upper value area of yesterday)
Blogging daily now at www.volume.zone
  • #192,150
  • Aug 27, 2009 7:17pm Aug 27, 2009 7:17pm
what's going on with FF? my post got caught in limbo so I the post button again and the site went down....
hope it wasn't my fault! lol
  • #192,151
  • Aug 27, 2009 7:19pm Aug 27, 2009 7:19pm
back

finally a nice bounce

ok to continue my old analysis

if my counting is 100% correct we still have one wave down which should start around the pink line thats where the seller located

if we manage to stay above the pink line then we should cancel thinking about 5th wave down perhaps my counting is wrong or they wanted to cancel 5th wave for any reason in their mind
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: thinking.png Size: 172 KB
  • #192,152
  • Aug 27, 2009 7:28pm Aug 27, 2009 7:28pm
Closed my longs @ 152.85, had orders @ 152.00-152.10, I'm a chicken, I won't go long again, will wait for a good and clear chance to short, otherwise I'll stay watching, in this abnormal market better method to use is to determine a target and don't wait to reach it, i.e. to catch the trend and use the stop profit strategy or the chicken method, my target was 153.39 but I closed earlier, this gives me better results.
  • #192,153
  • Aug 27, 2009 7:39pm Aug 27, 2009 7:39pm
Quoting Fudomyo
good morning

I took a small long as well at 152.2 but just closed it though when we bounced off the 200ema on the 15M.

hahaha chickened out. may regret it later, but still 40 pips is a nice way to start the morning.

Let's see if we can close solidly above 152.7 and then I'll be more bullish.

There was a very nice descending wedge pennant on the GU 1H which suggested a potential move up. If they can close above 1.630, it will be a better confirmation.
same here. was caught off guard a few times and forced a few trades so this whole week i've been in chicken mode lol. i would say good morning but i have no concept of time lol. how's it going...
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,154
  • Aug 27, 2009 7:40pm Aug 27, 2009 7:40pm
Quoting Eulogy
$28 billion of 7 yr bonds were auctioned out with a strong bid to cover ratio of 2.74 which is about $77 billion worth in tendered offers. kinda makes you wonder how is there any funds left to play the equities markets.

This week there wasn't anywhere near $100 billion worth in new government notes and bonds issued. There was a total of $197 billion.
There was $98 billion in new Treasury supply this week, including $91 billion in new notes.
"Don't trade to trade . . . trade to win." - James16
  • #192,155
  • Aug 27, 2009 7:46pm Aug 27, 2009 7:46pm
and here is old and new analysis for cable

i think 1.6220 area will be great area to go long for Target 1
Attached Image(s) (click to enlarge)
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  • #192,156
  • Aug 27, 2009 8:00pm Aug 27, 2009 8:00pm
msniper !!!!!!!!!!!!!!!!! IT REALLY BOUNCE !!!!!

so can i put pending buy at 154?

Quoting msniper
back

finally a nice bounce

ok to continue my old analysis

if my counting is 100% correct we still have one wave down which should start around the pink line thats where the seller located

if we manage to stay above the pink line then we should cancel thinking about 5th wave down perhaps my counting is wrong or they wanted to cancel 5th wave for any reason in their mind
Trading Forever !!!
  • #192,157
  • Aug 27, 2009 8:09pm Aug 27, 2009 8:09pm
Quoting cscheat
msniper !!!!!!!!!!!!!!!!! IT REALLY BOUNCE !!!!!

so can i put pending buy at 154?
no of course i will short only when daily give me signal because we might break upside

plus my elliott counting i have few mistakes right now for GJ and i need to fix them then i will post my chart
  • #192,158
  • Aug 27, 2009 8:15pm Aug 27, 2009 8:15pm
Quoting cscheat
msniper !!!!!!!!!!!!!!!!! IT REALLY BOUNCE !!!!!

so can i put pending buy at 154?

buy 154 ? .....did you get this right ?

the buy iso n reatrce and hold 152.... not 154

at 154 IF this is just a retrace you may be buying the top
Blogging daily now at www.volume.zone
  • #192,159
  • Aug 27, 2009 8:16pm Aug 27, 2009 8:16pm
Quoting Flem26
There was $98 billion in new Treasury supply this week, including $91 billion in new notes.
Please refer to my post last Friday 21 August, including links from the government website. $197 billion in Auctions this week, clear as day.

http://www.forexfactory.com/showpost...stcount=190152
  • #192,160
  • Aug 27, 2009 8:35pm Aug 27, 2009 8:35pm
Quoting malcolmb14
buy 154 ? .....did you get this right ?

the buy iso n reatrce and hold 152.... not 154

at 154 IF this is just a retrace you may be buying the top
malcomb, i canceled the pending buy order already... now still trying to wait for more updates in this thread !
Trading Forever !!!
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