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

  • #198,341
  • Sep 17, 2009 2:10am Sep 17, 2009 2:10am
Quoting sinner-
Back to chart school for you too!

nice article bro...thnx like the stuff
MY OPINION NOT FINANCIAL ADVISE
  • #198,342
  • Sep 17, 2009 2:12am Sep 17, 2009 2:12am
151 will hold the line
  • #198,343
  • Sep 17, 2009 2:16am Sep 17, 2009 2:16am
Looking at 4h it appears we are getting close to a good place to short!
Anyone else have this view?
Attached Image (click to enlarge)
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  • #198,344
  • Sep 17, 2009 2:18am Sep 17, 2009 2:18am
Gotta be the whimpiest Frankfurt/London open I have ever seen!
  • #198,345
  • Sep 17, 2009 2:18am Sep 17, 2009 2:18am
Quoting ewokuk
actually tends to be 3.8 during most liquid times, but 6.5 most of the time and anything up to 25 during news like it was last week, meaning playing news is a complete no-go on oanda, unless you are hoping for a 100 pip move straight off the news, then giving 25 to the broker still leaves you with some profit.
I wouldn't know how to news trade to save my life although i have traded profitably during news with a full time news trader. Only thing is if left on my own during those times i'd most likely end up losing heaps more. Yes OANDA has the annoying trait of widening spreads sometimes to extremely large ranges during news events but alot of brokers do that. I've gotten used to it and hardly notice it anymore
  • #198,346
  • Sep 17, 2009 2:19am Sep 17, 2009 2:19am
150,60 shorth big time
  • #198,347
  • Sep 17, 2009 2:22am Sep 17, 2009 2:22am
Malcolm how can you see 151,50....?
  • #198,348
  • Sep 17, 2009 2:22am Sep 17, 2009 2:22am
Quoting Temps
Looking at 4h it appears we are getting close to a good place to short!
Anyone else have this view?
Yes I have that view. I have a sell order at 150.00. Reasoning is that if we are rejected at this 61.8 level again and break down, I want to be in for the ride down. A bit risky as the hourly 20 period ma is right about there so it may fall down to that level just to find a bit of support to resume its uptrend.
  • #198,349
  • Sep 17, 2009 2:22am Sep 17, 2009 2:22am
Quoting donfriday
the greather the tf the stronger the reversal maybe.....if 15tf give u bearish divergence or bullish divergence u also have to work with bigger tf, only u scalping few pips u stick to small tf ....ask malc abt it he trade on small tf and dont chance huge pips if bigger tf dont support the trend movement...
well u should understand the different between timeframes comparison
Master don is right i have been observing 15M tf on dvergences too and it is just like what u said u can only have 30pips+ to scalp, i do that when i see divergence but 1H always give better on like 50pips+. Sometime divergence come before i go to sleep(5hrs after US market open) and wake up with 30 pips
  • #198,350
  • Sep 17, 2009 2:26am Sep 17, 2009 2:26am
Sorry ,is no way this pair will brake 151 in the next 4 hours,,
  • #198,351
  • Sep 17, 2009 2:27am Sep 17, 2009 2:27am
Quoting pirata
Malcolm how can you see 151,50....?

with ease..... with ease .. in fact now we have switched...lol

you bear and me bull

look here we are resistance...every other time gj got rejected hard... this time just waiting for news

almost like the pros do not even want to waste their money and go short for mark down

I was hoping for retrace to 149.80 but even that is not happening

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  • #198,352
  • Sep 17, 2009 2:32am Sep 17, 2009 2:32am
that was fun lol. And Malc...theres ur retrace to 149.80 hehehe
Pipmeister Extraodinaire
  • #198,353
  • Sep 17, 2009 2:32am Sep 17, 2009 2:32am
Quoting malcolmb14
with ease..... with ease .. in fact now we have switched...lol

you bear and me bull

look here we are resistance...every other time gj got rejected hard... this time just waiting for news

almost like the pros do not even want to waste their money and go short for mark down

I was hoping for retrace to 149.80 but even that is not happening

Attachment
time to going down...
  • #198,354
  • Sep 17, 2009 2:33am Sep 17, 2009 2:33am
What is that such a big drop any news that came out?
  • #198,355
  • Sep 17, 2009 2:34am Sep 17, 2009 2:34am
Man, I knew it. Told you, DP before up.
  • #198,356
  • Sep 17, 2009 2:34am Sep 17, 2009 2:34am
Quoting mrfxbaling
time to going down...

yeah ...
hold on

'turning screens up side down'

yup time to go down lol
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  • #198,357
  • Sep 17, 2009 2:36am Sep 17, 2009 2:36am
stopped in its tracks on dp
  • #198,358
  • Sep 17, 2009 2:37am Sep 17, 2009 2:37am
Quoting Temps
stopped in its tracks on dp
Here is what I wrote 1.5 hours ago at Sydney close:

Quoting sinner-
Crazy moves should come today for sure vic.

To give you an idea I am expecting G/J to hit 151.5 today.

Not sure how it will go down, there is a few possible scenarios playing in my head but the major one screaming at me is Tokyo buy to all JPY cross R1 and then Frankfurt will mark her down all the way to DP in less than an hour for London to buy big before the news.

She might go straight up, but generally PA will like to touch DP before making the real move.
I was off expecting Frankfurt to do the marking but here we are anyway.
  • #198,359
  • Sep 17, 2009 2:40am Sep 17, 2009 2:40am
Quoting Minakata
Master don is right i have been observing 15M tf on dvergences too and it is just like what u said u can only have 30pips+ to scalp, i do that when i see divergence but 1H always give better on like 50pips+. Sometime divergence come before i go to sleep(5hrs after US market open) and wake up with 30 pips
Like i said, depends on time of day. when i called bearish div,i entered short 150.45 now most recent drop hit 149.75 thats 70 pip drop in 5 minutes. call it lucky call it what you want. but if you beleive g/j can only move 30 pips on 15 min time frame especialy during london, you don't know this pair much. Now i will lock the stop at entry at BE incase this 15min div is a start of something. thats all i was trying to say. cheers

Also A/J droped 70 pips last 2 15min candle since the post i made.
  • #198,360
  • Sep 17, 2009 2:42am Sep 17, 2009 2:42am
Quoting malcolmb14
with ease..... with ease .. in fact now we have switched...lol

you bear and me bull

look here we are resistance...every other time gj got rejected hard... this time just waiting for news

almost like the pros do not even want to waste their money and go short for mark down

I was hoping for retrace to 149.80 but even that is not happening
Attachment

ok so this is how this may go down

that was shake out .. all the bears are in ... fast drop high volume got bought into

now bears are saying what the hell

gu news comes out good ... gu breaks out taking gj with it... bears running for the door and getting stopped out, left, right and centre thru 150.50 we go with ease

this is if this mark down is deigned as trap .... will be interesting to see this one play out
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