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

  • #201,501
  • Oct 4, 2009 4:06pm Oct 4, 2009 4:06pm
Based on Fundies and USD weakness, am counting EU to test 1.49 area this week. But I could be wrong for sure .. just be careful to short this pair .. imo.
  • #201,502
  • Oct 4, 2009 4:09pm Oct 4, 2009 4:09pm
Price just hit the low of the weekend quotes, (taking into account spreads etc). I know everyone here scoffs at them, but they provide a brilliant clue where we might go during the Asian session.

We could bounce back up here.
  • #201,503
  • Oct 4, 2009 4:11pm Oct 4, 2009 4:11pm
Quoting Fusion
+1 and 30 fucks your nerves....reduce your risk and focus on the trend more and use LINEAR PROGRESSION....example:

Suppose that you want to go short 100,000...
funny you should say that, this is EXACTLY what ive been trying to do the last couple of weeks. it worked to some extent, until this damn thing shot up after nfp lol

only problem with that is if im doing intraday for say 50 pips then adding positions isnt really an option. adding like that is for swing traders not intraday.

unless i am malc? i want to be malc, then i can pick top and bottom intraday within 2 pips, thats the goal lol
  • #201,504
  • Oct 4, 2009 4:15pm Oct 4, 2009 4:15pm
Quoting ukdaytrader
Price just hit the low of the weekend quotes, (taking into account spreads etc). I know everyone here scoffs at them, but they provide a brilliant clue where we might go during the Asian session.

We could bounce back up here.
gj did yeah, but UJ went even further to 89.20 !! 60 pips down. weekend prices only got to 89.40.

retrace back to near where NY closed is to be expected to close the gap, but im more convinced after that that we going down not up . need to go to bed now so will have to hope i wake up to nice surprise in the morning.
  • #201,505
  • Oct 4, 2009 4:32pm Oct 4, 2009 4:32pm
Quoting dreed
Look like we are in the 142 area now.
http://www.forex-markets.com/quotes.htm

esignal and fxcm been on line 1.5 hours 141.40 at the moment
Blogging daily now at www.volume.zone
  • #201,506
  • Oct 4, 2009 4:35pm Oct 4, 2009 4:35pm
Quoting ewokuk
funny you should say that, this is EXACTLY what ive been trying to do the last couple of weeks. it worked to some extent, until this damn thing shot up after nfp lol

only problem with that is if im doing intraday for say 50 pips then adding positions isnt really an option. adding like that is for swing traders not intraday.

unless i am malc? i want to be malc, then i can pick top and bottom intraday within 2 pips, thats the goal lol
in my dreams I pick top and bottom

only the ones that look solid

test of support was just a hunch ...142

right now price is stuck on upper value area friday 142.27
Blogging daily now at www.volume.zone
  • #201,507
  • Oct 4, 2009 4:36pm Oct 4, 2009 4:36pm
Quoting malcolmb14
esignal and fxcm been on line 1.5 hours 141.40 at the moment
141.40?
  • #201,508
  • Oct 4, 2009 4:51pm Oct 4, 2009 4:51pm
Fujii May ‘Take Action’ on Yen; G-7 Seeks Currency ‘Stability’ -
http://www.bloomberg.com/apps/news?p...d=aHba7mgngEik
  • #201,509
  • Oct 4, 2009 4:59pm Oct 4, 2009 4:59pm
Quoting malcolmb14
I trade 2 - 3 hrs per day , sometimes if target hit only 1 hr.

Time is 5am to 8am pst .... then I get on with day

not 12 to 16 hours at all . That is the beauty of it.

I have tried hand at swing trading recently did ok .. but found day trading to suit me better.

I like to have no worries when away form the market.

which ever time frame one trades it is all about risk management , and psychology

If i could i would... Living in the EST timezone, so i am either sleeping or either working when markets are active. But i don't complaint anymore. I am trading the 4hrs-daily charts and i am still meeting my goals... I analyze trends on the week end and wait for fibs bounce to take positions during Asian session. Usually last from 1 to 10 days. I love to take a position, cover my risk at break even after 100 pips and let it run for the wild ride untill 4 hr indic say it's enough. I even have a mechanical stop so if indicator reverse while i am away it close the trade. I can get stop for 50 pips or make 300-1000 pips then i am really satisfied...
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #201,510
  • Oct 4, 2009 5:14pm Oct 4, 2009 5:14pm
I am long on USD/JPY at 99.42 and GBP/JPY at 142.48 for Gap close at lease and then see where she leads us....
Dr. C
  • #201,511
  • Oct 4, 2009 5:55pm Oct 4, 2009 5:55pm
http://www.forexfactory.com/showthre...28#post3115028

IF 140.80 holds.
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  • #201,512
  • Oct 4, 2009 6:25pm Oct 4, 2009 6:25pm
Quoting cvcamper
I am long on USD/JPY at 99.42 and GBP/JPY at 142.48 for Gap close at lease and then see where she leads us....

there is no gap

only mt4 platforms that open 3 hrs later than any other platform have gap

mt4 users always talk about gaps .. when there are none

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  • #201,513
  • Oct 4, 2009 6:27pm Oct 4, 2009 6:27pm
Quoting malcolmb14
there is no gap

only mt4 platforms that open 3 hrs later than any other platform have gap

mt4 users always talk about gaps .. when there are none

Attachment
My platform has gaps on other pairs. But there is no G/J gap on todays open.
  • #201,514
  • Oct 4, 2009 6:31pm Oct 4, 2009 6:31pm
Quoting malcolmb14
there is no gap

only mt4 platforms that open 3 hrs later than any other platform have gap

mt4 users always talk about gaps .. when there are none

Attachment
Interesting, I use GFT 360... and there is a gap on most pairs today...
Dr. C
  • #201,515
  • Oct 4, 2009 6:39pm Oct 4, 2009 6:39pm
I won't even bother posting any daily charts. It sure looks bullish, but I am in "show me" mode. Looks and feels like a bull trap. I don't think it is going any higher than 144.50 (if the pinbar even breaks for that matter). The action in the pound and yen on Friday could have been short covering . . . you know short covering begets short covering . . .

We'll see . . . great analysis as always Mal, Direct -Trade, Scrat, Uky, Orion, etc.
"Don't trade to trade . . . trade to win." - James16
  • #201,516
  • Oct 4, 2009 7:04pm Oct 4, 2009 7:04pm
Long G/J @ 143.01 SL 142.41 TP1 143.61 TP2 open. Chart also posted in DIBS thread.
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  • #201,517
  • Oct 4, 2009 7:15pm Oct 4, 2009 7:15pm
I see longs on play today for Tokyo session

Candle forming above 4h Gann Hilo, maybe another test of 144 and possible break out to 146 (test UTL)

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #201,518
  • Oct 4, 2009 7:22pm Oct 4, 2009 7:22pm
Agree, GJ close DPP and if close above H4 Gann, 146.13 will be nice target. Testing UTL


Quoting JhonMonsalve
I see longs on play today for Tokyo session

Candle forming above 4h Gann Hilo, maybe another test of 144 and possible break out to 146 (test UTL)

Attachment
  • #201,519
  • Oct 4, 2009 7:27pm Oct 4, 2009 7:27pm
http://www.cnn.com/2009/WORLD/asiapc...ead/index.html

[
  • #201,520
  • Oct 4, 2009 7:38pm Oct 4, 2009 7:38pm
Quoting PandoraBox
Agree, GJ close DPP and if close above H4 Gann, 146.13 will be nice target. Testing UTL
Hi PB!

Same history on EJ, is pretty more bullish than Geppy

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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