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

  • #192,621
  • Aug 30, 2009 8:11pm Aug 30, 2009 8:11pm
Quoting Eulogy
how can monthly be up when its a red candle?
How many green candles before the red? Just using your analogy, though my bias is not based on the number of candles. When I say monthly, I am not referring to just one month bro .

Hope I have answered your question as best as I could.
  • #192,622
  • Aug 30, 2009 8:14pm Aug 30, 2009 8:14pm
I am just learning here but I have a feeling this market is just too easy too trade, is it just me or any stupid idiot is making money right now and later in a directionless market I will loose all of my gains. Please feedback from expert traders would be appreciated.
Regards,
Sunny
  • #192,623
  • Aug 30, 2009 8:14pm Aug 30, 2009 8:14pm
Quoting Piters
Bro, Bulls are on BBQ today.. as long we trade under DPP and 5sma [Daily] -> which is pretty much the 153.50 level.. However in some stage of the day,, we are goin gto see some bounce. but . as far Im seeing now...

GY has been Under performing last week.. from 280p daily range to 180-200 few days.. when that happend.. Im expecting a nice 400p day..

Can we have it today? I dont know.. Honest.. !!!

But the first bounce we should expect from 146.76 -> posted a chart earlier..

cheers.. and watch DPP and 153.50 closely..
have to agree with you.. 153.50 is gone for awhile i think. cheers!!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,624
  • Aug 30, 2009 8:15pm Aug 30, 2009 8:15pm
bought @15078
  • #192,625
  • Aug 30, 2009 8:17pm Aug 30, 2009 8:17pm
Wait for china open at 10pm ET before any long positions



Quoting 5ysfx
bought @15078
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  • #192,626
  • Aug 30, 2009 8:18pm Aug 30, 2009 8:18pm
Quoting 5ysfx
bought @15078
thats not trying to catch a falling knife, thats trying to catch a falling samurai sword lol
  • #192,627
  • Aug 30, 2009 8:19pm Aug 30, 2009 8:19pm
Quoting rgitt05
I think there will be demotion vouchers today for all the bullish traders..


Am not an expert at this but I think you are right, am reading these posts and am like
  • #192,628
  • Aug 30, 2009 8:20pm Aug 30, 2009 8:20pm
Quoting 5ysfx
bought @15078
is this a scalp? if not what is your long term target. i think 152 will be a hard level to crack. 153.50 if it ever gets there will even be harder. i think we go below 150 somewhere. i'm just guessing based on price action (which is leaving alot of support behind), if that doesn't happen enjoy your pips..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,629
  • Aug 30, 2009 8:20pm Aug 30, 2009 8:20pm
Quoting botadufig05
How many green candles before the red? Just using your analogy, though my bias is not based on the number of candles. When I say monthly, I am not referring to just one month bro .

Hope I have answered your question as best as I could.
and how many red candles were there before your green ones started to appear

look, the trend is able to change at a whisper. I'm not saying that just because i see one red candle it means its definitely going to go down, but even you have to admit that there is significant weakness in the GJ at this point. Doji candle July that failed to break the highs of June to show bullish continuation along with this months (current) red candle simply confirms this. Not with 100% certainty but the odds aren't exactly looking in the bull's favour.
  • #192,630
  • Aug 30, 2009 8:20pm Aug 30, 2009 8:20pm
Quoting malcolmb14
lol...rofl ... best joke i have heard in a while...

jpy is getting stronger right now not weaker...

dj about to drops...

you think 700 pip one day rise ?

that stuff you smoke must be better than bc bud....lol

Definately not better than your B.C Bud...

Bought it...and will buy again at 149.50..

WOW...WE have House Full..123 MEMBERS ON THREAD..ATM..
Markets are not Random, they are designed!
  • #192,631
  • Aug 30, 2009 8:24pm Aug 30, 2009 8:24pm
Quoting england33
is this a scalp? if not what is your long term target. i think 152 will be a hard level to crack. 153.50 if it ever gets there will even be harder. i think we go below 150 somewhere. i'm just guessing based on price action (which is leaving alot of support behind), if that doesn't happen enjoy your pips..
target is 152 -15250 max then big sell off will occur
  • #192,632
  • Aug 30, 2009 8:26pm Aug 30, 2009 8:26pm
Quoting Raza
Definately not better than your B.C Bud...

Bought it...and will buy again at 149.50..

700 pips in one day even if the gbp/jpy is really volatile is a maybe a lot. This rally in Jpy crosses will last? I don't know, because yesterday there was a big change in the japanese political life so maybe ...
By the way, today I will be long the JPY, I am looking to sell . 1515 or 152 seems to be a good entry.
  • #192,633
  • Aug 30, 2009 8:28pm Aug 30, 2009 8:28pm
Quoting botadufig05
How many green candles before the red? Just using your analogy, though my bias is not based on the number of candles. When I say monthly, I am not referring to just one month bro .

Hope I have answered your question as best as I could.
question is .. trend on monthly down or up ... its the move from 118 to 163 not just a retracement of the current down trend to 80 ?

mmm ... a good argument indeed

the question could be how many LONG red candles before the 5 tiny green ones ...lol ..... a retrace to not even 38 % is weak ....and as of this month nice red candle , 1st one for 7 months ... so how is monthly bullish ?

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Blogging daily now at www.volume.zone
  • #192,634
  • Aug 30, 2009 8:28pm Aug 30, 2009 8:28pm
Quoting 5ysfx
target is 152 -15250 max then big sell off will occur
ok good luck may 152 roll your way!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,635
  • Aug 30, 2009 8:29pm Aug 30, 2009 8:29pm
Quoting Eulogy
and how many red candles were there before your green ones started to appear

look, the trend is able to change at a whisper. I'm not saying that just because i see one red candle it means its definitely going to go down, but even you have to admit that there is significant weakness in the GJ at this point. Doji candle July that failed to break the highs of June to show bullish continuation along with this months (current) red candle simply confirms this. Not with 100% certainty but the odds aren't exactly looking in the bull's favour.
We must also realise that monthly does not play out in one day. This weekly reversal might still take us another 1 week of down or 2.

All I am just trying to say bro is that some traders are saying down while other are saying up, because they are all talking different timeframes and use different trading systems. Some systems picks out trend change faster than others, so I might not see what you are seeing anyway .
  • #192,636
  • Aug 30, 2009 8:30pm Aug 30, 2009 8:30pm
Quoting Raza
Definately not better than your B.C Bud...


WOW...WE have House Full..123 MEMBERS ON THREAD..ATM..
most say nothing though. whenever there's a big move or uncertainty this thread gets alot of hits.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,637
  • Aug 30, 2009 8:30pm Aug 30, 2009 8:30pm
some market sentiment at this moment
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  • #192,638
  • Aug 30, 2009 8:33pm Aug 30, 2009 8:33pm
My monthly chart I posted yesterday..





Quoting Eulogy
and how many red candles were there before your green ones started to appear

look, the trend is able to change at a whisper. I'm not saying that just because i see one red candle it means its definitely going to go down, but even you have to admit that there is significant weakness in the GJ at this point. Doji candle July that failed to break the highs of June to show bullish continuation along with this months (current) red candle simply confirms this. Not with 100% certainty but the odds aren't exactly looking in the bull's favour.
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  • #192,639
  • Aug 30, 2009 8:35pm Aug 30, 2009 8:35pm
151.40 was the lower value area of Friday under this is sell rallies for scalpers .. very bearish as pros in control are selling not buying

support is 150 whole number then 146.87
Blogging daily now at www.volume.zone
  • #192,640
  • Aug 30, 2009 8:36pm Aug 30, 2009 8:36pm
Quoting england33
ok good luck may 152 roll your way!
but target might change to lower level, if i see that bulls lost steam
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