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

  • #200,641
  • Sep 29, 2009 4:17pm Sep 29, 2009 4:17pm
Quoting ewokuk
ahh quecee here for his monthly visit
always ar'd just don't post as often. . .
  • #200,642
  • Sep 29, 2009 4:24pm Sep 29, 2009 4:24pm
Quoting quecee5
always ar'd just don't post as often. . .
always hard? we didnt need to know that

have you closed your 163 shorts now? you were only targetting 147
  • #200,643
  • Sep 29, 2009 4:29pm Sep 29, 2009 4:29pm
Quoting ewokuk
always hard? we didnt need to know that

have you closed your 163 shorts now? you were only targetting 147
Yes, I closed it at 140, looking to re-short soon - and actually my target was 145/143 but she just kept on dropping . . . Next target is 135/133. Shorting target is ar'd monthly s1 (now resistance) @ 146.75 area up to 148. . . if it gets that high - doubtful but yet possible. . .
  • #200,644
  • Sep 29, 2009 4:31pm Sep 29, 2009 4:31pm
Quoting quecee5
Right on target my friend. . .

We haven't broken daily 5 sma on gj since breaking 153.50 area so I expect some level of resistance ar'd daily 5 sma - Also 144.88 /145 is 38% FIBO retrace from the last leg dn (153.50 area)

Would seem this is a good shorting opportunity at least up 50% FIBO 146.50 if it gets that far. . . weekly pivot @ 145.34, monthly s1 (now resistance) @ 146.75 these are levels to watch. . .

As for GU 1.611 is weekly pivot and daily R2 comes in at 1.6080 area. So I suspect we will see these levels seeing that...
Hey quecee5. Which indicator do you use for pivot levels?
Do not follow my trades. Trade what you see on your own charts.
  • #200,645
  • Sep 29, 2009 4:33pm Sep 29, 2009 4:33pm
Quoting igmak
Hey Q. Which indicator do you use for pivot levels?
Don't use any indi's just this link which gives you 1hr, 4hr, daily, weekly and monthly pivots. . . Depends how you are trading that day (scalping, day-trade, positioning, etc. . .)

http://www.actionforex.com/technical...-200603215764/

I just put certain pivots on my chart mainly daily. . . Typically if you get a daily close above the daily pivot chances are you will hit r1 within 24 hrs after a check of that s/r and vice versa. . . pretty easy trade when that happens. . .
  • #200,646
  • Sep 29, 2009 4:39pm Sep 29, 2009 4:39pm
peoples seem to be targetting 1.6115 on gu, im not convinced itll get that high. should obviously be major resistance if it does but im not convinced its going to break 6000. seems to be back in this channel which tops near 6000. rsi and macd does look like it could do with a bit more pullback though. its already in my selling zone between yellow and blue MA's
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 50 KB
  • #200,647
  • Sep 29, 2009 4:48pm Sep 29, 2009 4:48pm
Quoting quecee5
Don't use any indi's just this link which gives you 1hr, 4hr, daily, weekly and monthly pivots. . . Depends how you are trading that day (scalping, day-trade, positioning, etc. . .)

http://www.actionforex.com/technical...-200603215764/

I just put certain pivots on my chart mainly daily. . . Typically if you get a daily close above the daily pivot chances are you will hit r1 within 24 hrs after a check of that s/r and vice versa. . . pretty easy trade when that happens. . .
Thx
Do not follow my trades. Trade what you see on your own charts.
  • #200,648
  • Sep 29, 2009 4:51pm Sep 29, 2009 4:51pm
Quoting ewokuk
peoples seem to be targetting 1.6115 on gu, im not convinced itll get that high. should obviously be major resistance if it does but im not convinced its going to break 6000. seems to be back in this channel which tops near 6000. rsi and macd does look like it could do with a bit more pullback though. its already in my selling zone between yellow and blue MA's
A break and 4hr close below 1.5930 area would validate your theory, however from what I'm seeing the next target is 1.6115 area and possibly higher. . .esp. if we get above daily 5sma. . .

So stay flexible looks to be supported right now. . .
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily chart.gif Size: 16 KB
  • #200,649
  • Sep 29, 2009 5:08pm Sep 29, 2009 5:08pm
decided im actually going to use my sub account. im going to split the miniscule funds in my account into 2. and have a swing trading account and a daytrading account

gotta try this swing trading stuff, looks easy cant be worse than my scalping attempts anyway

then i have 2 ways to lose my money and i can lose it twice as fast!
  • #200,650
  • Sep 29, 2009 5:27pm Sep 29, 2009 5:27pm
just noticed this on 4h, lots of sellers on last approach at 1.6000?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 38 KB
  • #200,651
  • Sep 29, 2009 5:28pm Sep 29, 2009 5:28pm
Trend is your friend...My overall Weekly Trendline resistance is around 147-148 . I took a long from the 140 zone after my closed short swing trade.

I have 146.00 first target and than possible 147.00-148.00 before a possible reversal at the weekly TL

If the weekly TL holds than short target are at 135.00,128.00, 100.00, "O"

Trade your charts

Attached Image(s) (click to enlarge)
Click to Enlarge Name: monthly gj2.gif Size: 54 KB
Click to Enlarge Name: dailygj3.gif Size: 42 KB
Click to Enlarge Name: kaboom3.gif Size: 53 KB
Click to Enlarge Name: weekly gjg.gif Size: 32 KB
[
  • #200,652
  • Sep 29, 2009 5:41pm Sep 29, 2009 5:41pm
Quoting sinned
dunno what the volume is saying, but it feels like its winding up for a squeeze higher

I just keep buying the TL and selling for 10 pips at a time lol

1 hr the 38 % reatrce level has been sold into twice .. note those high volume bars

also the rsx has bear div in a down trend ... very bearish

i am selling top of range expecting break down

Attached Image (click to enlarge)
Click to Enlarge Name: chart03.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #200,653
  • Sep 29, 2009 5:48pm Sep 29, 2009 5:48pm
IMO, we can get to 1.61-1.6150 area and then go down to 1.52
Attached Image
Do not follow my trades. Trade what you see on your own charts.
  • #200,654
  • Sep 29, 2009 5:59pm Sep 29, 2009 5:59pm
Quoting quecee5
Don't use any indi's just this link which gives you 1hr, 4hr, daily, weekly and monthly pivots. . . Depends how you are trading that day (scalping, day-trade, positioning, etc. . .)

http://www.actionforex.com/technical...-200603215764/

I just put certain pivots on my chart mainly daily. . . Typically if you get a daily close above the daily pivot chances are you will hit r1 within 24 hrs after a check of that s/r and vice versa. . . pretty easy trade when that happens. . .
Thanks for the link. Really appreciated.
  • #200,655
  • Sep 29, 2009 6:20pm Sep 29, 2009 6:20pm
Thanks Malcolm, I was also thinking short as well.

Quoting malcolmb14
1 hr the 38 % reatrce level has been sold into twice .. note those high volume bars

also the rsx has bear div in a down trend ... very bearish

i am selling top of range expecting break down

Attachment
  • #200,656
  • Sep 29, 2009 6:21pm Sep 29, 2009 6:21pm
Quoting malcolmb14
1 hr the 38 % reatrce level has been sold into twice .. note those high volume bars

also the rsx has bear div in a down trend ... very bearish

i am selling top of range expecting break down

Attachment
LOL malc.. nice Indi you are having on your chart.. mind to share...???

p.s. (the one with million lines on your chart) .........
  • #200,657
  • Sep 29, 2009 6:22pm Sep 29, 2009 6:22pm
Quoting igmak
IMO, we can get to 1.61-1.6150 area and then go down to 1.52

you've accept where gu is going to now
MY OPINION NOT FINANCIAL ADVISE
  • #200,658
  • Sep 29, 2009 6:30pm Sep 29, 2009 6:30pm
How about 1.62xx area and breakup?
"Millionaires don't use astrology, billionaires do"
  • #200,659
  • Sep 29, 2009 7:18pm Sep 29, 2009 7:18pm
Quoting malcolmb14
1 hr the 38 % reatrce level has been sold into twice .. note those high volume bars

also the rsx has bear div in a down trend ... very bearish

i am selling top of range expecting break down

Attachment
thanks

i personally don't have the stomach to short till i see it tips its hand a bit....end of quarter positioning always makes me cautious
  • #200,660
  • Sep 29, 2009 7:28pm Sep 29, 2009 7:28pm
Quoting sinned
thanks

i personally don't have the stomach to short till i see it tips its hand a bit....end of quarter positioning always makes me cautious
I came out of my short earlier today and reversed long at 144.00 for once....and am happy now stop to break even....
Let Price determine your future!
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