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

  • #204,281
  • Oct 18, 2009 10:30pm Oct 18, 2009 10:30pm
Quoting sinner-
How can you be long at 147.95 when the price hasn't gotten there yet? Or are you setting a buy limit?

I am long from 148.2 SL 148, TP open, let's see where this baby can fly.

PS: Hi A-spec

cuase they are bullshitters ...lol

I took long 148,12 , seeing what we get

will move stop break even asap
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  • #204,282
  • Oct 18, 2009 10:33pm Oct 18, 2009 10:33pm
Sterling crash is a godsend by UK Telegraph's AEP....

UK's AEP is at it again, this time commenting in the UK Telegraph that the STERLING CRISIS, by BOE printing money, is a god send. The commentary rpt says that a crashing currency is not a pretty sight; yet the iron rule is that once you have debauched your economy, you must let the exchange rate reflect reality. To pretend otherwise is to dig your nation deeper into a hole. To this; AEP warily contrasts the Sterling with the Eurozone; where countries are trapped in debt deflation, whilst the Euro peg is doomed to be strong (regardless of fundamentals), due to Asian states holding down their currencies.
  • #204,283
  • Oct 18, 2009 10:36pm Oct 18, 2009 10:36pm
Quote
Well, as malc explain before.. if you look into 1hr, the price is currently at support and we reached resistance turned support also for UJ in 1hr. it may be minor support but until it breaks, there will be no short yet.. EJ also seems like a retest of the hammer high.. hardly to say anything to short yet..

ok...i see at H1...the resistance turns support is at 147.93.....at look at H1 candle where does it closes....at 148.07. it does't break any direction rite now...it kind a ranging for the moment.please show me some chart for better understanding....
  • #204,284
  • Oct 18, 2009 10:47pm Oct 18, 2009 10:47pm
Quoting Mr.Elliott
ok...i see at H1...the resistance turns support is at 147.93.....at look at H1 candle where does it closes....at 148.07. it does't break any direction rite now...it kind a ranging for the moment.please show me some chart for better understanding....
Ok, here is how I see it..
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  • #204,285
  • Oct 18, 2009 10:48pm Oct 18, 2009 10:48pm
Quoting A-speculator
Ok, here is how I see it..

the long i took gj is why I do not look at more than 1 pair ,,,,


look all over the place miss the trade

focus one pair , stalk it , hit trades with no draw down ...why trade any other pairs ?

testing resistance now and 4hr pp

above this 149 on cards
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  • #204,286
  • Oct 18, 2009 10:50pm Oct 18, 2009 10:50pm
Quoting Mr.Elliott
ok...i see at H1...the resistance turns support is at 147.93.....at look at H1 candle where does it closes....at 148.07. it does't break any direction rite now...it kind a ranging for the moment.please show me some chart for better understanding....

exactly
  • #204,287
  • Oct 18, 2009 10:52pm Oct 18, 2009 10:52pm
Quoting malcolmb14
the long i took gj is why I do not look at more than 1 pair ,,,,


look all over the place miss the trade

focus one pair , stalk it , hit trades with no draw down ...why trade any other pairs ?

testing resistance now and 4hr pp

above this 149 on cards
I find that if you trade let's say 3 pairs (EJ UJ GJ).. they're all tend to move in the same direction. So, for swing trade, they can cover the drawdown from each other
  • #204,288
  • Oct 18, 2009 10:56pm Oct 18, 2009 10:56pm
Quoting malcolmb14
the long i took gj is why I do not look at more than 1 pair ,,,,


look all over the place miss the trade

focus one pair , stalk it , hit trades with no draw down ...why trade any other pairs ?

testing resistance now and 4hr pp

above this 149 on cards

here comes the frankie fake out ....

break asia support lure in all bears ,, then wham up she goes

still sellers 148.40
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  • #204,289
  • Oct 18, 2009 10:59pm Oct 18, 2009 10:59pm
Quoting A-speculator
I find that if you trade let's say 3 pairs (EJ UJ GJ).. they're all tend to move in the same direction. So, for swing trade, they can cover the drawdown from each other
lol why ?

uj gj ej ... lets say being driven by jpy ... all losers you get stopped out x 3 positions instead of x 1 position if wrong
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  • #204,290
  • Oct 18, 2009 11:00pm Oct 18, 2009 11:00pm
Quoting malcolmb14
lol why ?

uj gj ej ... lets say being driven by jpy ... all losers you get stopped out x 3 positions instead of x 1 position if wrong
Yeah to me this seems a bit silly.

If you want to trade UJ EJ and GJ you might as well just trade the 4 majors.
  • #204,291
  • Oct 18, 2009 11:01pm Oct 18, 2009 11:01pm
I sure wished i had my short at 149, like u had

Quoting malcolmb14
here comes the frankie fake out ....

break asia support lure in all bears ,, then wham up she goes

still sellers 148.40
  • #204,292
  • Oct 18, 2009 11:02pm Oct 18, 2009 11:02pm
Malcolmb,

from a swing standpoint, there needs to be a retrace from this last up move. It moved to far to fast. 146.00 is not out of the question.

All of that said, their is currently no PA either way for me, so no trade I got in on the gap fill, but thats it. I am sitting here waiting on conformation one way or the other.

Que

Quoting malcolmb14
here comes the frankie fake out ....

break asia support lure in all bears ,, then wham up she goes

still sellers 148.40
Que
  • #204,293
  • Oct 18, 2009 11:03pm Oct 18, 2009 11:03pm
Quoting malcolmb14
lol why ?

uj gj ej ... lets say being driven by jpy ... all losers you get stopped out x 3 positions instead of x 1 position if wrong
It's not like that, as I said before, first you position your first entry as a daytrade, let's say last week it goes more than 300 pips for gj, then you can enter EJ but first as a daytrade.. since EJ is not so volatile.. as it reaches more than 150 pips or more, you can enter UJ.. all must me in the trending market. If GJ is not trending like last 2-3 weeks, I trade the aussie and the canadians as my swing trade..
  • #204,294
  • Oct 18, 2009 11:05pm Oct 18, 2009 11:05pm
Quoting A-speculator
I find that if you trade let's say 3 pairs (EJ UJ GJ).. they're all tend to move in the same direction. So, for swing trade, they can cover the drawdown from each other
wrong!!...the answer is not necessarily n u may tend to mess ur head....go back to last few week..its parallel between GY n EJ..same goes to UJ as well...which pair is driven by who? gold? silver? oil? DJ etc..it hard to say lately right?...anyway that is mine..not sure others opinion
  • #204,295
  • Oct 18, 2009 11:06pm Oct 18, 2009 11:06pm
Quoting dreed
I sure wished i had my short at 149, like u had

closed that 148.10

been long 148.10 to 148.40 once

and out of the market for now

bed time here ..I trade US session
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  • #204,296
  • Oct 18, 2009 11:06pm Oct 18, 2009 11:06pm
Quoting A-speculator
Ok, here is how I see it..
conclusion or summary ?
  • #204,297
  • Oct 18, 2009 11:06pm Oct 18, 2009 11:06pm
Quoting Que
Malcolmb,

from a swing standpoint, there needs to be a retrace from this last up move. It moved to far to fast. 146.00 is not out of the question.

All of that said, their is currently no PA either way for me, so no trade I got in on the gap fill, but thats it. I am sitting here waiting on conformation one way or the other.

Que
  • #204,298
  • Oct 18, 2009 11:08pm Oct 18, 2009 11:08pm
Quoting Que
Malcolmb,

from a swing standpoint, there needs to be a retrace from this last up move. It moved to far to fast. 146.00 is not out of the question.

All of that said, their is currently no PA either way for me, so no trade I got in on the gap fill, but thats it. I am sitting here waiting on conformation one way or the other.

Que
I agree 100 % but there do not seems to be any sellers and each time 148 is tested buyers come in . I cannot believe it either .. but a chart is a chart.

146 should be natural retrace level

however we could rip to 151.50 and then have retrace to 149

currently flat and going to bed

ps EVERYONE IS EXPECTING THE RETRACE...MAYBE THEY WILL JUST SCREW WITH US ALL
Blogging daily now at www.volume.zone
  • #204,299
  • Oct 18, 2009 11:12pm Oct 18, 2009 11:12pm
Quoting malcolmb14
closed that 148.10

been long 148.10 to 148.40 once

and out of the market for now

bed time here ..I trade US session

sorry malc u are confuse
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MY OPINION NOT FINANCIAL ADVISE
  • #204,300
  • Oct 18, 2009 11:13pm Oct 18, 2009 11:13pm
Quoting malcolmb14
I agree 100 % but there do not seems to be any sellers and each time 148 is tested buyers come in . I cannot believe it either .. but a chart is a chart.

146 should be natural retrace level

however we could rip to 151.50 and then have retrace to 149

currently flat and going to bed

ps EVERYONE IS EXPECTING THE RETRACE...MAYBE THEY WILL JUST SCREW WITH US ALL
http://www.forexfactory.com/showpost...stcount=204255

hope i will shot my pant's ..just joking
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