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

  • #201,841
  • Oct 6, 2009 9:26am Oct 6, 2009 9:26am
Gold is gunna kill someone today.
  • #201,842
  • Oct 6, 2009 9:28am Oct 6, 2009 9:28am
Quoting pino2
Don't get married to your bias this way, it might be dangerous
pino Sir, I am holding a long position since 143.90 , when will it return to that price?
  • #201,843
  • Oct 6, 2009 9:30am Oct 6, 2009 9:30am
I think UJ will also retrace as its low today is the price where it retraced massively last week.. just my 2 cents. Whoever wanna take the trade, should trade carefully as it is a counter trend trade..
  • #201,844
  • Oct 6, 2009 9:35am Oct 6, 2009 9:35am
Quoting behman8850
pino Sir, I am holding a long position since 143.90 , when will it return to that price?
Buy high??
Read the entire market, money is made on the main trend not the fluctuation
  • #201,845
  • Oct 6, 2009 9:45am Oct 6, 2009 9:45am
Quoting ukdaytrader
Gold is gunna kill someone today.
its the highest gold rocket i ever see!!
  • #201,846
  • Oct 6, 2009 10:07am Oct 6, 2009 10:07am
Quoting A-speculator
I think UJ will also retrace as its low today is the price where it retraced massively last week.. just my 2 cents. Whoever wanna take the trade, should trade carefully as it is a counter trend trade..

when uj retraces from double/triple bottom, will be good for long gj, rite?
  • #201,847
  • Oct 6, 2009 10:10am Oct 6, 2009 10:10am
Quoting francish
when uj retraces from double/triple bottom, will be good for long gj, rite?
yes but be very2 careful as it is still a counter trend trade unless new high is made at higher TF
  • #201,848
  • Oct 6, 2009 10:15am Oct 6, 2009 10:15am
Quoting behman8850
pino Sir, I am holding a long position since 143.90 , when will it return to that price?
For me, the charts appears bearish. if you are fortunate, it will rise to the UTL of this current flag/wedge to around 143.50 (depending on its ranging within this flag/wedge.

Its only if it breaks, then you will have a chance of returning to this price.

I would only assume the news is your only hope to get this price. Possibily on Thursday you might have some hope.

Just depends if we don't break out of this current channel to the downside, if this does, mmm, bad news for you.

But i have been in such positions and when i gamble, it normally doesn't pay off as fear takes over.

Good luck, but i am on bearish bias, so i am not looking for this to go up to your price, but if it does, more to short from.
  • #201,849
  • Oct 6, 2009 10:44am Oct 6, 2009 10:44am
usd is messed up seriously ..Gold green dow green what else ....

RG,Pitters or anyone think gj could hit 142.50 again before breaking down?
Attached Image (click to enlarge)
Click to Enlarge Name: 10-6-2009 3-57-37 PM.png Size: 29 KB
MY OPINION NOT FINANCIAL ADVISE
  • #201,850
  • Oct 6, 2009 10:53am Oct 6, 2009 10:53am
Quoting donfriday
usd is messed up seriously ..Gold green dow green what else ....

RG,Pitters or anyone think gj could hit 142.50 again before breaking down?
very possible,, GOLD and USD are on extreme levels.. However, UY looks like is about to retrace.
With GOLD on all time HiGHS.. I believe Noone can TELL..

Keep an eye on that LTL bro
  • #201,851
  • Oct 6, 2009 10:54am Oct 6, 2009 10:54am
Quote
Originally Posted by direct-trade http://cdn.forexfactory.com/images/buttons/viewpost.gif

If the daily pin bars were on any other day apart from NFP etc, I would give them more credability. I still see a fall from here IMHO.


Quoting Scrat
well it doesn't matter when they appear. i'm sure you know that big boys are using news release to load/unload their positions, so your argument doesn't stand.
Hi Scrat,

I would say that since my post, and a 200-300 pip fall, my arguement does stand.

The Tape Does Not Lie.


How are the traders doing on here who laughed when I called Bulltrap Friday PM?

Happy trading.

Latest Analysis here: http://www.forexfactory.com/showthread.php?t=199926
  • #201,852
  • Oct 6, 2009 11:04am Oct 6, 2009 11:04am
Quoting donfriday
usd is messed up seriously ..Gold green dow green what else ....

RG,Pitters or anyone think gj could hit 142.50 again before breaking down?

I have a short in place at 142.40. IMHO it would be a great trade if price returns to that level in the next 24 hours..
  • #201,853
  • Oct 6, 2009 11:07am Oct 6, 2009 11:07am
Quoting Piters
very possible,, GOLD and USD are on extreme levels.. However, UY looks like is about to retrace.
With GOLD on all time HiGHS.. I believe Noone can TELL..

Keep an eye on that LTL bro

thankx bro..i look back from ur previous post before now nice and simple chart bro ..i hope so ..usd scare me seriously, i wish i know much more abt fundamental ....
MY OPINION NOT FINANCIAL ADVISE
  • #201,854
  • Oct 6, 2009 11:09am Oct 6, 2009 11:09am
It has been 2 days, the Dow goes up big but Geppy is trading down .. hmmm .. another big drop coming in Asian session again?
  • #201,855
  • Oct 6, 2009 11:10am Oct 6, 2009 11:10am
Quoting Sierra8561
I have a short in place at 142.40. IMHO it would be a great trade if price returns to that level in the next 24 hours..

maybe yes maybe not, london just closed so let see what ny boys will do...
MY OPINION NOT FINANCIAL ADVISE
  • #201,856
  • Oct 6, 2009 11:22am Oct 6, 2009 11:22am
Quoting mktjong
It has been 2 days, the Dow goes up big but Geppy is trading down .. hmmm .. another big drop coming in Asian session again?
well, if we failed to break 141.. maybe, just maybe we might rally up a bit.. What do you think?
  • #201,857
  • Oct 6, 2009 11:25am Oct 6, 2009 11:25am
can anyone explain how its bad nfp, bad news after bad news.......and s+p continues to fly up? whats moving it up? hot air?
  • #201,858
  • Oct 6, 2009 11:27am Oct 6, 2009 11:27am
Quoting A-speculator
well, if we failed to break 141.. maybe, just maybe we might rally up a bit.. What do you think?
Not likely, maybe 50% retrace then KAABOOOM again ..
  • #201,859
  • Oct 6, 2009 11:38am Oct 6, 2009 11:38am
no, it doesn't. i was talking in general, and not about g-j... i said that during news, big boys are loading / unloading huge orders and you can't ignore that data because you would ignore the proof of their true intentions.

what they did on friday with g-j, well, that's another story. i think that most likely g-j will continue falling in the near term, but i would like to see it going through 140.89 first.

interesting pattern on daily, though.

Quoting direct-trade
Hi Scrat,

I would say that since my post, and a 200-300 pip fall, my arguement does stand.

The Tape Does Not Lie.


How are the traders doing on here who laughed when I called Bulltrap Friday PM?

Happy trading.

Latest Analysis here: http://www.forexfactory.com/showthread.php?t=199926
Nihil Sine Deo.
  • #201,860
  • Edited 11:56am Oct 6, 2009 11:40am | Edited 11:56am
ok closed all my shorts except a smallish one stuck at 140.25. waiting for some pullback now to load up again. i guess 142 will be good area for more shorting

the only thing bothering me is this has bounced EXACTLY TO THE PIP on the 50% retrace of move from 118 to 163 (140.93 or there abouts). but i would be a whole lot more worried if it wasnt such a feeble bounce. seems no conviction at all on this slight up move. if it had bounced off that line with more volume and more power id have probably closed and gone long.
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