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

  • #202,361
  • Oct 8, 2009 7:04pm Oct 8, 2009 7:04pm
lol, no, i gave a link after that post - check it and see for yourself why candles looked that way. it's the main direction INSIDE the candle; for example, the candle may close bearish (close < open) but the main direction inside is bullish...

Quoting wxf6981
what's the matter with your candles?
why are they all slanted?
are they all drunk?
Nihil Sine Deo.
  • #202,362
  • Oct 8, 2009 7:05pm Oct 8, 2009 7:05pm
CLOSED GBPJPY..long

Cable EUR, and AUD are still short..
  • #202,363
  • Oct 8, 2009 7:17pm Oct 8, 2009 7:17pm
  • #202,364
  • Oct 8, 2009 7:17pm Oct 8, 2009 7:17pm
Quoting Piters
CLOSED GBPJPY..long

Cable EUR, and AUD are still short..

now GJ go long
  • #202,365
  • Oct 8, 2009 7:19pm Oct 8, 2009 7:19pm
Quoting Piters
Oh no, mate, you are very welcomed..

M.. read my post again..... Im not an EUR fan
Hi piters.

It looks like a good price is offered for correction/reversal as you mentioned yesterday bro. Daily seems bound to set a different tone with the bearish divergence & the rising wedge.
Looking towards 4400 level as the first target with stop placed around previous high @4850.
Don't think I'd mind to get this trade wrong tbh.
So little to lose, so much to gain.
Have a good one & good luck
Attached Image (click to enlarge)
Click to Enlarge Name: eud.JPG Size: 73 KB
Thank You
  • #202,366
  • Oct 8, 2009 7:22pm Oct 8, 2009 7:22pm
Quoting wormboy
Hi piters.

It looks like a good price is offered for correction/reversal as you mentioned yesterday bro. Daily seems bound to set a different tone with the bearish divergence & the rising wedge.
Looking towards 4400 level as the first target with stop placed around previous high @4850.
Don't think I'd mind to get this trade wrong tbh.
So little to lose, so much to gain.
Have a good one & good luck
GM and thanks..

Already closed my long trade GBPJPY.. [350p]

still running my USD pairs..short [AUD, EUR, GBPUSD]

cheers mate..
  • #202,367
  • Oct 8, 2009 7:22pm Oct 8, 2009 7:22pm
to understand my previous post, i am attaching a chart for g-j with 2 highlights. both candles are bearish (close < open). but there is a difference in the slope between high and low (i would call it "inside slope"):
- first one: candle high was made BEFORE candle low = descending slope.
- second one: candle low was made BEFORE candle high = ascending slope.
it's fun, isn't it?

Quoting wxf6981
what's the matter with your candles?
why are they all slanted?
are they all drunk?
Attached Image (click to enlarge)
Click to Enlarge Name: gj_d.gif Size: 15 KB
Nihil Sine Deo.
  • #202,368
  • Oct 8, 2009 7:26pm Oct 8, 2009 7:26pm
Quoting Piters
CLOSED GBPJPY..long

Cable EUR, and AUD are still short..
GBPJPY 1H trend is up. It is above DPP. So I am confused by your decision.
I know 142.50 is proving a hard nut to crack.
Was it TP and go long later or are you seeing something I am not?

Appreciate it if you couild clarfy.

Short ES, Long GY, Short GU.
None the wiser!
  • #202,369
  • Oct 8, 2009 7:28pm Oct 8, 2009 7:28pm
yeah, a good trader always has his own method
  • #202,370
  • Oct 8, 2009 7:31pm Oct 8, 2009 7:31pm
you gotta keep in mind that everyone has its own trading style; i also closed some scalps at the same time with Piters, because i said to myself "why not wait for a better price - 142.10, or even 141.60". but i also have some longs from below and i intend to keep them for a while.
but again, it's all about trading style.

Quoting FxClown
GBPJPY 1H trend is up. It is above DPP. So I am confused by your decision.
I know 142.50 is proving a hard nut to crack.
Was it TP and go long later or are you seeing something I am not?

Appreciate it if you couild clarfy.

Short ES, Long GY, Short GU.
Nihil Sine Deo.
  • #202,371
  • Oct 8, 2009 7:31pm Oct 8, 2009 7:31pm
Quoting special0nefx
now GJ go long
Quoting Piters
I agree with you mate...

143,00 - 143.30 is MAX im seeing so far.. even USDJPY looks like ready for some retracement to 89.00

I agree we are going DOWn...Even Im still Long on GY
Quoting Piters
UY want to spike up to 89..

GU and EU are in reversal mode.. a nice pin on 4h cable,,
GY to 143.00 - 143.20 if UY goes above DPP

cheers!



this is what I posted 10h ago..
I expect UY to retrace to 89.00 and Im not expecting GBPJPPY to go more then 143.30.. I closed my trades.. collected my pips..

simple.. If any other Buying opportunity .. I can always reenter the market..

:d
  • #202,372
  • Oct 8, 2009 7:34pm Oct 8, 2009 7:34pm
Quoting Piters
GM and thanks..

Already closed my long trade GBPJPY.. [350p]

still running my USD pairs..short [AUD, EUR, GBPUSD]

cheers mate..
That's bold move to short aussie bro.. take a look at GBPCAD, it has been my favourite pair since GJ move in a tight range last month.. I long aussie since beginning of the month..
  • #202,373
  • Oct 8, 2009 7:35pm Oct 8, 2009 7:35pm
Quoting FxClown
GBPJPY 1H trend is up. It is above DPP. So I am confused by your decision.
I know 142.50 is proving a hard nut to crack.
Was it TP and go long later or are you seeing something I am not?

Appreciate it if you couild clarfy.

Short ES, Long GY, Short GU.
let me prepare some charts for you.. 10min..
  • #202,374
  • Oct 8, 2009 7:37pm Oct 8, 2009 7:37pm
Quoting A-speculator
That's bold move to short aussie bro.. take a look at GBPCAD, it has been my favourite pair since GJ move in a tight range last month.. I long aussie since beginning of the month..
nothing is BOLD.. except PIPS you are collecting from your trades...
  • #202,375
  • Oct 8, 2009 7:38pm Oct 8, 2009 7:38pm
Since GU broke 1.6 and make challenged the previous high, I'm looking to long @ 1.6.. see if it ever gets to my price..
  • #202,376
  • Oct 8, 2009 7:40pm Oct 8, 2009 7:40pm
Quoting Piters
nothing is BOLD.. except PIPS you are collecting from your trades...
Aussie have been my favourite pair for swing trade. I'm guessing you just day trade aussie.. you won't short aussie if you swing trade it right?
  • #202,377
  • Oct 8, 2009 7:45pm Oct 8, 2009 7:45pm
Quoting A-speculator
Aussie have been my favourite pair for swing trade. I'm guessing you just day trade aussie.. you won't short aussie if you swing trade it right?
correct.. breakout on 15min.. and took a chance..
so far as a scalp, but maybe as a swing too.. depends of Asian session today...
  • #202,378
  • Oct 8, 2009 7:51pm Oct 8, 2009 7:51pm
For all JPY (GJ,EJ,UJ) pair, I think we might have major reversal before any down move (if any)..
  • #202,379
  • Oct 8, 2009 7:57pm Oct 8, 2009 7:57pm
Quoting FxClown
GBPJPY 1H trend is up. It is above DPP. So I am confused by your decision.
I know 142.50 is proving a hard nut to crack.
Was it TP and go long later or are you seeing something I am not?

Appreciate it if you couild clarfy.

Short ES, Long GY, Short GU.
1.GY is in DOWN trend in GENERAL.. we broke Double top.. at 153 and we are heading down.. probably to 135..

when we hit 139 we started a consolidation forming a wedge..
wedges in down trend "USUALLY" are continuation patterns.. Why usually.. b/c statistics saying that in more then 70-80% they break to DOWN side..
However there are times when we face Bottom, and then, well. we go UP...

2. looking at DAILY chart.. a big confluence is right on 143,10; I was hoping that we may go there, even with UY or GU push (spike Up),

3. fishy thing was the fact that GBPJPY usually follows GOLD..but not yesterday even so GOLD made historical NEW high at 1062, GY but GU also didnt follow..

Finally, when you wait on some trade and doesn't goes into your direction, the odds are that that trade is going to return his direction very easy...

I just collected my pips and closed the trade.. no need for any rocket science.. keep it simple as possible..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy1.png Size: 35 KB
Click to Enlarge Name: GY2.png Size: 40 KB
  • #202,380
  • Oct 8, 2009 8:05pm Oct 8, 2009 8:05pm
Quoting Piters
1.GY is in DOWN trend in GENERAL.. we broke Double top.. at 153 and we are heading down.. probably to 135..

when we hit 139 we started a consolidation forming a wedge..
wedges in down trend "USUALLY"...
Thanks Piters
None the wiser!
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