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

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

#197,021
Sep 13, 2009 8:58pm Sep 13, 2009 8:58pm

I like steak
| Joined Apr 2009 | Status: Trader | 522 Posts

Quoting I like steak

Disliked

Hence my comment "we are going to drift lower"

GU is up with Gold,
USDJPY is down.

Price action this morning on UJ nice for a retrace later on EJ and GJ...when breaking resistance trens lines on 15min.

Ignored

...or maybe not...Dow futures currently lower 0.75%...

#197,022
Sep 13, 2009 9:03pm Sep 13, 2009 9:03pm

sinner-
Joined Apr 2009 | Status: RETIRED | 1,947 Posts

Quoting malcolmb14

Disliked

note reaction to 150

no buyers

sse is up , but fater a spike is coming back down

this seems to be holding up gj for now as nikkie is still on lows of day and gold 1002.

gu hovering on 1.6000

Ignored

Hi malcom I just post an interesting H1 chart in the USD/CHF thread, appreciate your input/analysis if you have time.

#197,023
Sep 13, 2009 9:07pm Sep 13, 2009 9:07pm

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting Raza

Disliked

15M is awesome..Doesnot give you little Heart attacks like 1M...5M ..charts.

4HR ..atm is saying Long from here(150) for potentially 100 pips

Eventhough I wanna see 148.. I am long for Retrace (30- 50- 90 pips)

Call me Crazy but this Trade can potentially go into 154 zone.

150- 149.80 has to Hold.. FOR bULL

DIVERGENCE SEEMS BULLISH ON 15m.. PA IS bEARISH.

Ignored

pOSSIBLE SCENARIO

LOWER LINE HAS TO hOLD.... In order to go Up

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Markets are not Random, they are designed!

#197,024
Sep 13, 2009 9:11pm Sep 13, 2009 9:11pm

I like steak
| Joined Apr 2009 | Status: Trader | 522 Posts

Quoting Raza

Disliked

pOSSIBLE SCENARIO

Ignored

That was what I was thinking until I saw Dow futures...

#197,025
Edited 11:18pm Sep 13, 2009 9:18pm | Edited 11:18pm

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting I like steak

Disliked

That was what I was thinking until I saw Dow futures...

Ignored

These Days dow has no Correleation with G/J..I think

If this 4 HR Candle Becomes a Dark Cloud Cover to the last one just Closed...then it is POSIIBLE...TO gRAB FEW pips.

INDIES ARE OS .. IN EVERY tf 1-4 hr.

Think it is worth to go for a scalp.. rather than some where in the Middle.. I have closed My short Scalp from 150.82. Long now

Worst come to worst I will give Back few Pips ...I just Made.

Markets are not Random, they are designed!

#197,026
Sep 13, 2009 9:23pm Sep 13, 2009 9:23pm

pirata
| Joined Nov 2007 | Status: SKYPE--JORGE4476 | 173 Posts

london will push this baby up

#197,027
Sep 13, 2009 9:26pm Sep 13, 2009 9:26pm

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting pirata

Disliked

london will push this baby up

Ignored

Sure....

How do YOU know???

Markets are not Random, they are designed!

#197,028
Sep 13, 2009 9:27pm Sep 13, 2009 9:27pm

I like steak
| Joined Apr 2009 | Status: Trader | 522 Posts

Quoting Raza

Disliked

These Days dow has no Correleation with G/J..I think

If this Hourly Candle Becomes a Dark Cloud Cover to the last one just Closed...then it is POSIIBLE...TO gRAB FEW pips.

INDIES ARE OS .. IN EVERY tf 1-4 hr.

Think it is worth to go for a scalp.. rather than some where in the Middle.. I have closed My short Scalp fron 150.82. Long now

Worst come to worst I will give Back few Pips ...I just Made.

Ignored

...well the 1hour UJ looks as if it is making a higher low...but if the London session opens with Dow down .75% it may just take out levels...
ie until high 147's or low 148's?

I am with you on the trade but maybe after London open?

#197,029
Sep 13, 2009 9:31pm Sep 13, 2009 9:31pm

pirata
| Joined Nov 2007 | Status: SKYPE--JORGE4476 | 173 Posts

luck 15 min charth ,,strong wall in 150.00

#197,030
Sep 13, 2009 9:31pm Sep 13, 2009 9:31pm

msniper
Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts

hello every body am back to my station in Dubai

i was expecting GJ to go down but honstly i wasn't expecting the down move will be that much as i thought 151 area will hold little bit

any way my view will not change and i am still bullish

IF and only IF we break 149 by 1 pip only then the analysis will fail so i put my SL 20 pips below that which is 148.80

we should see 155.xx this week

this move is the end of second wave if my analysis is correct

so i will hold my long

technically there is a triangle targeting 149.60 area

and i can't guranteed we reach that level or not every thing is possible

but what i see that we are nearly the end and if this beast finesh this down move its mean we finesh 2nd wave

and u know what happend after that. its the 3rd wave which is one of the strongest wave

there is no need for me to be around the forum at the moment as the SL is only 1xx pips around . i will try to take a look at the price every 6 hours and if SL hit i will come here and admit that my analysis for GJ FAILED

good luck all traders ....

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#197,031
Sep 13, 2009 9:33pm Sep 13, 2009 9:33pm

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting I like steak

Disliked

...well the 1hour UJ looks as if it is making a higher low...but if the London session opens with Dow down .75% it may just take out levels...
ie until high 147's or low 148's?

I am with you on the trade but maybe after London open?

Ignored

Have your SL ready for fast Move down IF you are Long..

I have few Positions here ..IF we are right I will take Profit step By step.

IF WRONG GIVE THEM BACK WHAT I JUST MADE.. And go to Sleep. See g/j in 4 Hours.

All the Best to you.

Markets are not Random, they are designed!

#197,032
Sep 13, 2009 9:37pm Sep 13, 2009 9:37pm

pirata
| Joined Nov 2007 | Status: SKYPE--JORGE4476 | 173 Posts

raza no go sleep with SHORTH position open....MARGIN CALL

#197,033
Sep 13, 2009 9:39pm Sep 13, 2009 9:39pm

rgitt05
Joined Oct 2005 | Status: Trader | 3,596 Posts

Hey msniper,

Your setup didn't playout but that doesn't mean you failed..The market didn't follow your setup..Fundamentals are bad...Higher TF showing bearish.

I hope you lockin pips..

It all about making profits..

Quoting msniper

Disliked

hello every body am back to my station in Dubai

i was expecting GJ to go down but honstly i wasn't expecting the down move will be that much as i thought 151.50 area will hold little bit

any way my view will not change and i am still bullish

IF and only IF we break 149 by 1 pip only then the analysis will fail so i put my SL 20 pips below that which is 148.80

we should see 155.xx this week

this move is the end of second wave if my analysis is correct

so i will hold my long

technically there is a triangle targeting 149.60...

Ignored

[

#197,034
Sep 13, 2009 9:49pm Sep 13, 2009 9:49pm

Raza
Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts

Quoting pirata

Disliked

raza no go sleep with SHORTH position open....MARGIN CALL

Ignored

I am not Short Any more for Scalp trade..I mentioned that earlier..

Margin Call Doesnot like to Call me Any more...

...

I am managing it Properly after few Blown ACCOUNTS..

Markets are not Random, they are designed!

#197,035
Sep 13, 2009 9:56pm Sep 13, 2009 9:56pm

msniper
Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts

Quoting rgitt05

Disliked

Hey msniper,

Your setup didn't playout but that doesn't mean you failed..The market didn't follow your setup..Fundamentals are bad...Higher TF showing bearish.

I hope you lockin pips..

It all about making profits..

Ignored

hey rgitt05

since you are that good in fundamentals

i am ZERO in fundamental so dont laugh at what am gonna write but i am trying to deliver what i understood

one of my friends who is pro in fundamentals analysis told me that our problem with JPY pair is some news in the last week may be

that Japan always try to keep their currency low to support the industrial field economy. becaues it will be hurt when JPY is very high. so in that news the goverment said we dont have any problem if JPY is strong. so this news is making pressure on GJ to go down since they think they will have no problems if their currency is up

but he said that sooner or later they wont be able to hold JPY going up they will make it go down again

sorry for stupid writing but i hope u got the idea of what i am trying to say

#197,036
Sep 13, 2009 9:59pm Sep 13, 2009 9:59pm

sinner-
Joined Apr 2009 | Status: RETIRED | 1,947 Posts

Quoting msniper

Disliked

hey rgitt05

since you are that good in fundamentals

i am ZERO in fundamental so dont laugh at what am gonna write but i am trying to deliver what i understood

one of my friends who is pro in fundamentals analysis told me that our problem with JPY pair is some news in the last week may be

that Japan always try to keep their currency low to support the industrial field economy. becaues it will be hurt when JPY is very high. so in that news the goverment said we dont have any problem if JPY is strong. so this news is making pressure...

Ignored

I get what you are trying to say but the fact of the matter is: every single currency intervention so far by the BoJ to weaken then Yen has failed. Every, single, one.

#197,037
Sep 13, 2009 10:00pm Sep 13, 2009 10:00pm

rgitt05
Joined Oct 2005 | Status: Trader | 3,596 Posts

Hey msniper,

As I said, fundamentals is in control at the moment is why your setup is not playing out..The volume is still low overall..GJ been consolidating for weeks..

Major breakout is due soon..

It's important to at least know what is going on...

New japan government means different market..

Changes changes..

Quoting msniper

Disliked

hey rgitt05

since you are that good in fundamentals

i am ZERO in fundamental so dont laugh at what am gonna write but i am trying to deliver what i understood

one of my friends who is pro in fundamentals analysis told me that our problem with JPY pair is some news in the last week may be

that Japan always try to keep their currency low to support the industrial field economy. becaues it will be hurt when JPY is very high. so in that news the goverment said we dont have any problem if JPY is strong. so this news is making pressure...

Ignored