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

  • #196,141
  • Sep 10, 2009 5:08am Sep 10, 2009 5:08am
i think GU has the possibility to go back to 1.61.. Comment on this is welcome.
  • #196,142
  • Sep 10, 2009 5:10am Sep 10, 2009 5:10am
Quoting donfriday
i hate demo, the feelings of me losing give me the knowledge to slap myself and say wtf are u doing...demo dont have emotional control but to test ur strategy, when when u make good profit on demo and come live u will find it hard to make profit...
i also read several books, my brain feel bad right now...
well, the first step is to reinforced yourself with the proper knowledge first. After you have master all the technical stuff then it is time to overcome your emotion. If you try to overcome/master both at the same time, it will be a total disaster.
  • #196,143
  • Sep 10, 2009 5:12am Sep 10, 2009 5:12am
Quoting A-speculator
i think GU has the possibility to go back to 1.61.. Comment on this is welcome.
weekly gann suggests 1.6120 following a close below 1.6420.
  • #196,144
  • Sep 10, 2009 5:13am Sep 10, 2009 5:13am
Hmm Gold at 984,,, thats why cable and eur are tnking.....
{Promotion Removed}
  • #196,145
  • Sep 10, 2009 5:14am Sep 10, 2009 5:14am
USD Index is going up with confidence and determination. I am shorting EJ currently, and expect the next push down from strengthening of the Yen later today (my assumption - after such a decline there wll be a pullback on Euro/Pound, but the velocity of Yen strengthening will be greater, than strengthening of those currencies), which will push us more to the downside.
  • #196,146
  • Sep 10, 2009 5:17am Sep 10, 2009 5:17am
Quoting requin
weekly gann suggests 1.6120 following a close below 1.6420.
well, if you look at weekly, you can see that GU is trading between 38% & 50% fibo. I think there is a possibility for GU to retest its support if not breakout and move towards 1.5000 area (not sure if it possible, but will look into it if there is a confirmed breakout)
  • #196,147
  • Sep 10, 2009 5:23am Sep 10, 2009 5:23am
Quoting A-speculator
well, if you look at weekly, you can see that GU is trading between 38% & 50% fibo. I think there is a possibility for GU to retest its support if not breakout and move towards 1.5000 area (not sure if it possible, but will look into it if there is a confirmed breakout)
my next target would be 1.5528 following 1.6120. Weekly gann shows no 1.50 but only down to 1.46xx folliowing breakout.
  • #196,148
  • Sep 10, 2009 5:26am Sep 10, 2009 5:26am
Quoting requin
my next target would be 1.5528 following 1.6120. Weekly gann shows no 1.50 but only down to 1.46xx folliowing breakout.
Well, it is 23.6% fibo..
  • #196,149
  • Sep 10, 2009 5:35am Sep 10, 2009 5:35am
we back to where we started
  • #196,150
  • Sep 10, 2009 5:36am Sep 10, 2009 5:36am
Quoting gico
we back to where we started
Everything is set to go with the news. Better than expected news from US and off we go (they just revise it later) lol
  • #196,151
  • Sep 10, 2009 5:48am Sep 10, 2009 5:48am
Quoting OrionsWay
did everyone water their flowers
flowers with miracle grow if you long.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #196,152
  • Sep 10, 2009 5:50am Sep 10, 2009 5:50am
smelling markup here. gu flying on no volume, gj being dragged up by it. and yet eu is down, s+p is down, ftse is down, ej is down. lol
  • #196,153
  • Sep 10, 2009 5:56am Sep 10, 2009 5:56am
...is pointless right now. GY is in range and AY has been in an ever smaller range....'til today.
Not making much sense to me right now. Gold rose sharply, then fell sharply. Almost looked like a mini markup, but was on reasonable volume. ES through this, held up pretty well but the Yen pairs didn't respond.


This could be massively bearish or just market indecision. I guess the trick is to not be surprised by anything..
  • #196,154
  • Sep 10, 2009 6:04am Sep 10, 2009 6:04am
interesting. they didnt raise rates, as expected, didnt increase QE, as expected......and it flies up 70 pips in a split second, then gets heavily sold into, then carries on up, then gets sold again. was there some great gbp news there that i somehow missed?

and ej and eu are now tanking bigtime. wut the

gu rejected 6600. and in the middle of all that ukdaytrader gets his 1000th post .

  • #196,155
  • Sep 10, 2009 6:05am Sep 10, 2009 6:05am
Quoting ukdaytrader
...is pointless right now. GY is in range and AY has been in an ever smaller range....'til today.
Not making much sense to me right now. Gold rose sharply, then fell sharply. Almost looked like a mini markup, but was on reasonable volume. ES through this, held up pretty well but the Yen pairs didn't respond.


This could be massively bearish or just market indecision. I guess the trick is to not be surprised by anything..
how about that? surprise, surprise.. let the dust settle and then we can make decision for GJ..
  • #196,156
  • Sep 10, 2009 6:06am Sep 10, 2009 6:06am
Quoting ewokuk
interesting. they didnt raise rates, as expected, didnt increase QE, as expected......and it flies up 70 pips in a split second, then gets heavily sold into, then carries on up, then gets sold again. was there some great gbp news there that i somehow missed?

gu rejected 6600. eu, ej havent even batted an eyelid.

The reason why this news has been received positively is because last month Merv King wanted to print an extra £25Bn, so market was half pricing in a £25B extension of QE. It didn't happen, so market sees that as bullish for UK.
  • #196,157
  • Sep 10, 2009 6:07am Sep 10, 2009 6:07am
Quoting ewokuk
interesting. they didnt raise rates, as expected, didnt increase QE, as expected......and it flies up 70 pips in a split second, then gets heavily sold into, then carries on up, then gets sold again. was there some great gbp news there that i somehow missed?

gu rejected 6600. eu, ej havent even batted an eyelid, and in the middle of all that ukdaytrader gets his 1000th post .

what's the privilege with 1000 post?
  • #196,158
  • Sep 10, 2009 6:09am Sep 10, 2009 6:09am
Quoting A-speculator
what's the privilege with 1000 post?
everyone donates 10% of their account to anyone that reaches 1000
  • #196,159
  • Sep 10, 2009 6:10am Sep 10, 2009 6:10am
Quoting A-speculator
what's the privilege with 1000 post?
I get the keys to the forexfactory door.
  • #196,160
  • Sep 10, 2009 6:12am Sep 10, 2009 6:12am

Planned to make a few dollars off of this but this thing just popped out of no where and just as it appeared it was gone.

The more things change the more they stay the same...
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