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

  • #198,801
  • Sep 18, 2009 11:42am Sep 18, 2009 11:42am
Quoting malcolmb14
que...

moving averages are used by many traders .. I like the 14 wma ... price above this on a 15 min chart and heading up price action bullish , buy dips 5 min , oppsoite for sells...

the interesting thing about a moving average that no one talks about is this

WHEN PRICE MOVES TO FAR AWAY FROM ITS MOVING AVERAGE IT WILL ALWAYS COME BACK TO IT OR WAIT TILL THE MOVING AVERAGE COMES CLOSER TO PRICEI N A SIDEWAYS CONSOLIDATION. This is just based on observations of stats (as one engineer geek to another lol..I am civil / structural...

it was always cleared for me also controled retracement
step by step

u can try my envelopes strategy and maybe will see why the price act like u did mention
  • #198,802
  • Sep 18, 2009 11:45am Sep 18, 2009 11:45am
Malc,

Here are some of my recently posted charts. It should be obvious how I trade just by looking at them...
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Que
  • #198,803
  • Sep 18, 2009 11:49am Sep 18, 2009 11:49am
Quoting Que
Malc,

Here are some of my recently posted charts. It should be obvious how I trade just by looking at them...
Hi Que, will GU go up again ? if yes, until which point ?
  • #198,804
  • Sep 18, 2009 12:01pm Sep 18, 2009 12:01pm
eg also hit target

how simple trading is

have a nice weekend
Attached Image
  • #198,805
  • Sep 18, 2009 12:10pm Sep 18, 2009 12:10pm
In my opinion It will retrace but probably no higher than 1.6370. Though you are talking about a macro scale now. I do not trade like that. I am bearish the next month or so on the GU as a whole.

I guess it could get to 1.6400 for a 50% retrace. But I doubt it.

Please note anything I say is just my educated GUESS. Thats what trading is... educated guessing.

Que

Quoting Yes
Hi Que, will GU go up again ? if yes, until which point ?
Que
  • #198,806
  • Edited 12:19pm Sep 18, 2009 12:18pm | Edited 12:19pm
http://www.forexfactory.com/showpost...stcount=198492

That 15109 Short looking good, still holding those other Shorts from 15220, so can't complain sitting at 14850 area.

Question is...do we rise from here or just retrace slightly?

I think we will see a major down move over the next week and I am going to hold with an ultimate target of 141 area. Of course, I take partial profits each couple of hundred pips as we go...always good to take some of the table.

I would say we will see below 148 before NY close and selling rallies is the way forward next week.

All the best
  • #198,807
  • Sep 18, 2009 12:19pm Sep 18, 2009 12:19pm
Malcolmb the king, you have the very best fx thoughts over here.
  • #198,808
  • Sep 18, 2009 12:23pm Sep 18, 2009 12:23pm
My view on the pair: I think the pair will retrace to 149.60 bounce and go for the test of the NECKLINE, which will end the disputes between bulls and bears on the thread. Should the 146.89 be broken, than such break of the neckline will confirm the long term down trend and will unite the bulls and bears of the thread into one powerfull bearish team. United we stand! lol
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  • #198,809
  • Sep 18, 2009 12:31pm Sep 18, 2009 12:31pm
My opinion...
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Que
  • #198,810
  • Sep 18, 2009 12:47pm Sep 18, 2009 12:47pm
Here's my view too...

Should see 1Hr trendline holding, if fails expect to see upper trendline test at 15010-50 area.
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  • #198,811
  • Sep 18, 2009 12:52pm Sep 18, 2009 12:52pm
Quoting Que
I tend to agree with you in regards to most indicators. However I would like to challenge you on two points.

1. Moving Averages:

Everyone uses these. They may not call it that, but they use them. Moving averages are nothing more than a calculated average of past events calculated real time. I often hear, from what you call "real traders" either stock or commodities "We are above/below the 30/60/yearly average". Referencing current PRICE to the past average PRICE is relevant.

Do I believe in MA crosses etc...? Absolutely not....
I never look for crosses but what I look for are MMA's to
gather / bunch / stack up / wind up or coil together like
this. Sometimes they cross or bounce but they always
explode apart after a tight gathering.... in every time frame,
in every session and obviously on every pair. That's my
signal to begin paying closer attention to the pair and price
action for a big move.... relative to the TF. I look for the
coiling on the higher TF's for larger moves and trade off
the uncoiling of the lower TF's for cleaner entries if they
are in sync.

Dr. D.
Attached Images
  • #198,812
  • Sep 18, 2009 1:02pm Sep 18, 2009 1:02pm
Quoting direct-trade
http://www.forexfactory.com/showpost...stcount=198492

That 15109 Short looking good, still holding those other Shorts from 15220, so can't complain sitting at 14850 area.

Question is...do we rise from here or just retrace slightly?

I think we will see a major down move over the next week and I am going to hold with an ultimate target of 141 area. Of course, I take partial profits each couple of hundred pips as we go...always good to take some of the table.

I would say we will see below 148 before NY close and selling...

nice trading !!!

news claender is pretty clear all the way thru to fed next Wednesday.

I do not see why we should not continue this down move thru next week

DX is showing signs of life on the daily

1.5800 is my destination for gu and gj ...145 1st .. but may have some form of retracement off 147 zone

intraday trading has been insane this week ... hardly had any sleep ..

weekly GU is toast......breaks thru 1.6000 next week
Blogging daily now at www.volume.zone
  • #198,813
  • Sep 18, 2009 1:23pm Sep 18, 2009 1:23pm
Hi everyone,

Sorry, it's already late and this is the only time that I have the time to post, as aidil fitri is just around the corner so a lot of chores need to be done.

I guess the PA plays just like how we anticipated yesterday where UJ will remain bullish and GU bearish taking GJ along with it.

However, I still maintain my bullish view for GJ (major retracement) unless we can takeout the last low of the closed price or last low of the spike (from daily) which is around 148.50 - 60 and 147.

In the other hand, I would agree that there is still no signs of upward movement for GJ yet. I am still waiting for consolidation or change of acceleration at least in 4h. I think I will be lightly trading in the coming days as celebration of aidil fitri.

See you guys later.. trade safe bro..
  • #198,814
  • Sep 18, 2009 1:27pm Sep 18, 2009 1:27pm
is jpy tradeable during bank holiday that will commence on 21st and 23rd?
  • #198,815
  • Sep 18, 2009 1:33pm Sep 18, 2009 1:33pm
Quoting malcolmb14
nice trading !!!

news claender is pretty clear all the way thru to fed next Wednesday.

I do not see why we should not continue this down move thru next week

DX is showing signs of life on the daily

1.5800 is my destination for gu and gj ...145 1st .. but may have some form of retracement off 147 zone

intraday trading has been insane this week ... hardly had any sleep ..

weekly GU is toast......breaks thru 1.6000 next week
I totally agree, does not look good for Cable across the board. Will be holding this for a very long time I hope.

As for sleep, same as you bro...not much for me either this week, too many opportunities around ATM. Hopefully if she goes from here I can lay off the scalping and swing and just add to the position every now and then lol.

Good calls and trading from yourself too bro, as always.

All the best and have a good weekend.
  • #198,816
  • Sep 18, 2009 1:39pm Sep 18, 2009 1:39pm
oh my gu 1,.5500 target is looking even better

signs of stopping volume / buyers coming in dx weekly


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Blogging daily now at www.volume.zone
  • #198,817
  • Sep 18, 2009 2:17pm Sep 18, 2009 2:17pm
CNBC reports that G20 leaders won't discuss the USD at the Pittsburgh summit...report cites Reuters, but no other source. This could be a USD negative in the sense of benign neglect reinforcing perceptions that USD weakness is inevitable.
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  • #198,818
  • Sep 18, 2009 2:23pm Sep 18, 2009 2:23pm
Quoting rgitt05
CNBC reports that G20 leaders won't discuss the USD at the Pittsburgh summit...report cites Reuters, but no other source. This could be a USD negative in the sense of benign neglect reinforcing perceptions that USD weakness is inevitable.
based on that, what is your view regarding currency pair?
  • #198,819
  • Sep 18, 2009 2:37pm Sep 18, 2009 2:37pm
Quoting Maks
Hi igmak! Don't you think it is hidden bearish on daily?

hi maks,

you made a post that had a lovely little table with 4 types of divergence illustrated on it. any chance of getting a copy of that or directed to where i could?

thanks,
hadley
  • #198,820
  • Sep 18, 2009 2:40pm Sep 18, 2009 2:40pm
Quoting hadley
hi maks,

you made a post that had a lovely little table with 4 types of divergence illustrated on it. any chance of getting a copy of that or directed to where i could?

thanks,
hadley
Hi hadley! This table was posted by one of the readers of this thread (and I would like to thank him/her for that). Here it is:

P.S. Some problem with the picture, but if you click on this sign for larger image it will be downloaded
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