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

  • #204,721
  • Oct 20, 2009 8:35am Oct 20, 2009 8:35am
Quoting A-speculator
You're right about being smashed, but that was yesterday's news/stories.. and it is what you think, not what the chart says.. you have seen in so many pairs regarding the strength of the current pound.. why ignore it? Unless, there is significant weakness witnessed, then only I think we can start to think about shorting it but first we have to see the downside momentum first, right?

Please correct me if I'm wrong..
You're right bro, I agree, but you know, the $ is the cabaret star on Fx , and watching $ index, its time to think in going long, chart says that, look this post:

http://www.forexfactory.com/showpost...postcount=9330

As you can see, the $ is near to important s/r zone, I'm just watching cable closely for going short, € is near too, but I'm not in the trade yet, when I see the right setup on charts: I'll do, on Geppy is different, b/c is a cross, but Yen is strong [main trend is bullish for the yen: Monthly, Weekly, Daily...], on the pound is different, the main trend on the pound is bearish, look the Pound index:

Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 23 KB


What do you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #204,722
  • Oct 20, 2009 8:46am Oct 20, 2009 8:46am
just [email protected] with small SL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #204,723
  • Oct 20, 2009 8:47am Oct 20, 2009 8:47am
Quoting JhonMonsalve
You're right bro, I agree, but you know, the $ is the cabaret star on Fx , and watching $ index, its time to think in going long, chart says that, look this post:

http://www.forexfactory.com/showpost...postcount=9330

As you can see, the $ is near to important s/r zone, I'm just watching cable closely for going short, € is near too, but I'm not in the trade yet, when I see the right setup on charts: I'll do, on Geppy is different, b/c is a cross, but Yen is strong [main trend is bullish for the yen: Monthly, Weekly, Daily...],...
That's bull flag you got there with long bull candle at the bottom. Perhaps, you're waiting for confirmation (breakout of the flag) I presume.. Anyway, to wait for confirmation is a wise move..
  • #204,724
  • Oct 20, 2009 8:52am Oct 20, 2009 8:52am
Quoting A-speculator
That's bull flag you got there with long bull candle at the bottom. Perhaps, you're waiting for confirmation (breakout of the flag) I presume.. Anyway, to wait for confirmation is a wise move..
That's it, All in All, test UTL, if breakout --> wait for another setup, else --> nice pippin'
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #204,725
  • Oct 20, 2009 9:00am Oct 20, 2009 9:00am
Quoting JhonMonsalve
That's it, All in All, test UTL, if breakout --> wait for another setup, else --> nice pippin'
wise decision..
  • #204,726
  • Oct 20, 2009 9:15am Oct 20, 2009 9:15am
Quoting Yngwie
just [email protected] with small SL
What's your SL ?

Thanks
  • #204,727
  • Oct 20, 2009 9:20am Oct 20, 2009 9:20am
Quoting PandoraBox
She need to break the 147.60 ....if failed she will fly upward and test triangle pattern again at 148.80. If break 148.80 ...yes next 151.20, if bounce at 148.80 then we going down to 147.80.

Then see what happen at 147.80 .. ya anything could happen.
As mentioned earlier, if H4 candle can close above 148.85 ...meaning GJ break the resistance. If failed .....we can see 147.80 again.

Make it simple
  • #204,728
  • Oct 20, 2009 9:29am Oct 20, 2009 9:29am
Quoting PandoraBox
As mentioned earlier, if H4 candle can close above 148.85 ...meaning GJ break the resistance. If failed .....we can see 147.80 again.

Make it simple

no volume for the breaks out ..... seams weak here ,

and es is down since open
Blogging daily now at www.volume.zone
  • #204,729
  • Oct 20, 2009 9:34am Oct 20, 2009 9:34am
Once U/J turns down...and go in the same direction as cable is going presently (south)...this trade should work out nicely for you.

Quoting Yngwie
just [email protected] with small SL
  • #204,730
  • Oct 20, 2009 9:39am Oct 20, 2009 9:39am
Quoting dreed
Once U/J turns down...and go in the same direction as cable is going presently (south)...this trade should work out nicely for you.

gu range .... 16433 to 16480

not heading down
Blogging daily now at www.volume.zone
  • #204,731
  • Oct 20, 2009 9:42am Oct 20, 2009 9:42am
My bad.. I was in scalp mode, looking at it on a 5 min chart...lol
Yes, I see the range you speak of.. thanks for pointing that out.
Quoting malcolmb14
gu range .... 16433 to 16480

not heading down
  • #204,732
  • Oct 20, 2009 9:43am Oct 20, 2009 9:43am
Quoting dreed
Once U/J turns down...and go in the same direction as cable is going presently (south)...this trade should work out nicely for you.
USD index is kinda strong atm, UJ may stay afloat or higher ..I think.
  • #204,733
  • Oct 20, 2009 9:44am Oct 20, 2009 9:44am
Quoting malcolmb14
gu range .... 16433 to 16480

not heading down

Welcome back MalcVolume14
  • #204,734
  • Oct 20, 2009 9:45am Oct 20, 2009 9:45am
Quoting dreed
My bad.. I was in scalp mode, looking at it on a 5 min chart...lol
Yes, I see the range you speak of.. thanks for pointing that out.

easy money ....range trading
Blogging daily now at www.volume.zone
  • #204,735
  • Oct 20, 2009 9:48am Oct 20, 2009 9:48am
Yeah, I rode it up from 148.30 to 148.85, and have another buy order at the same level, if we get back there and stay range bound. would try to do it again..lol

Quoting malcolmb14
easy money ....range trading
  • #204,736
  • Oct 20, 2009 9:51am Oct 20, 2009 9:51am
Quoting malcolmb14
no volume for the breaks out ..... seams weak here ,

and es is down since open
Now wait and see....if failed ..yes we going down .... if break 148.85 (Triangle pattern) ...next 151.

Make it simple mate.
  • #204,737
  • Oct 20, 2009 9:58am Oct 20, 2009 9:58am
CAD pairs all are flying ..
Forget GJ and all other yen pairs ..
  • #204,738
  • Oct 20, 2009 10:06am Oct 20, 2009 10:06am
Quoting mktjong
CAD pairs all are flying ..
Forget GJ and all other yen pairs ..
i manage to catd eur/cad 40pips not bad
  • #204,739
  • Oct 20, 2009 10:07am Oct 20, 2009 10:07am
4hr Breakout to the upside. 127.2 Fib extension at 149.37. Confluence with 100 FE based on low yesterday, high and swing low today. Also right by the UTL. Watching this level for reaction.
  • #204,740
  • Oct 20, 2009 10:20am Oct 20, 2009 10:20am
Quoting Johor JCS
i manage to catd eur/cad 40pips not bad
, Usd/Cad is stronger but I missed it ...
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