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

  • #204,981
  • Oct 21, 2009 10:02am Oct 21, 2009 10:02am
very fishy this whole pound move. wonder if its just a huge bull trap for when they announce more QE at the next meeting

either way trend is up for now, in need of a big retrace to long from though.
  • #204,982
  • Oct 21, 2009 10:10am Oct 21, 2009 10:10am
Quoting Piters
lol, you dont need to edit bro.. that's fine.. only, try not to have any bias.. the whole move is sudden ( strange)....

Im not short yet.. but pls be careful we are T extreme levels..

cheers!
Something not quite right about this move up. Low volume rapidly marked-up through resistance when some significant buying yesterday failed to do it. Then I noticed this.....

There was a massive spike up in volume yesterday. Here's a 4 hr chart showing the increase and the selling that occurred within the bar. Brown elipse.

Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr vol spike.gif Size: 22 KB


We're very near the short term top here I think.
  • #204,983
  • Oct 21, 2009 10:12am Oct 21, 2009 10:12am
Quoting ukdaytrader
Something not quite right about this move up. Low volume rapidly marked-up through resistance when some significant buying yesterday failed to do it. Then I noticed this.....

There was a massive spike up in volume yesterday. Here's a 4 hr chart showing the increase and the selling that occurred within the bar. Brown elipse.

Chart.
Attachment

We're very near the short term top here I think.
I agree, GJ is on FL 500 from 163 - 139 move on daily charts...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #204,984
  • Oct 21, 2009 10:13am Oct 21, 2009 10:13am
Quoting ukdaytrader
Something not quite right about this move up. Low volume rapidly marked-up through resistance when some significant buying yesterday failed to do it. Then I noticed this.....

There was a massive spike up in volume yesterday. Here's a 4 hr chart showing the increase and the selling that occurred within the bar. Brown elipse.

Chart.
Attachment

We're very near the short term top here I think.
YES mate, looking at EUR, GBP, looks like NEWS driven but with some "extension" ....

anyway, some nice places to short few pairs....

cheers
  • #204,985
  • Oct 21, 2009 10:14am Oct 21, 2009 10:14am
Hello! I am a new member of this forum and also very new to the forex market. I have a question and hope it isnīt wrong in this thread.
I made a sell on gbp/jpy on 10.10 at a price with 143.51 in hope that it will fall. I couldnīt go online since than (to explain that would be a long story). I did not put a S/L or T/P and now it would be a big loss. Should I stay in and hope that it will fall - at least to a point were the loss would not be so much or what can you advise.
Thank for any thought,

Niko
  • #204,986
  • Oct 21, 2009 10:15am Oct 21, 2009 10:15am
Quoting JhonMonsalve
I agree, GJ is on FL 500 from 163 - 139 move on daily charts...
basically, speaking with "auslanco's way" we are between Weekly and daily GANN..

check your charts.. guys..!
  • #204,987
  • Oct 21, 2009 10:24am Oct 21, 2009 10:24am
Quoting ewokuk
ooh what is that interesting indicator on the right that is showing the other timeframes?
Here u r if u want the indicator..
http://www.forexfactory.com/showpost...stcount=203417
  • #204,988
  • Oct 21, 2009 10:30am Oct 21, 2009 10:30am
Quoting neozero
Here u r if u want the indicator..
http://www.forexfactory.com/showpost...stcount=203417
yeh found it ta
  • #204,989
  • Oct 21, 2009 10:30am Oct 21, 2009 10:30am
Quoting Piters
basically, speaking with "auslanco's way" we are between Weekly and daily GANN..

check your charts.. guys..!

bro i agreed dont bias but on a serious note to what chart 153.15-20 will be a strong resistance that can turn weekly bias bullish..i will be very caution selling gj from any time now cus it can bring a serious pull back ..

whats you think?
MY OPINION NOT FINANCIAL ADVISE
  • #204,990
  • Oct 21, 2009 10:32am Oct 21, 2009 10:32am
EU seems to be making new high...
  • #204,991
  • Oct 21, 2009 10:34am Oct 21, 2009 10:34am
Quoting donfriday
bro i agreed dont bias but on a serious note to what chart 153.15-20 will be a strong resistance that can turn weekly bias bullish..i will be very caution selling gj from any time now cus it can bring a serious pull back ..

whats you think?
I was hoping some PB on GJ to perhaps 149.40.. So I can add to new long..
  • #204,992
  • Oct 21, 2009 10:34am Oct 21, 2009 10:34am
Quoting coenergy
Hello! I am a new member of this forum and also very new to the forex market. I have a question and hope it isnīt wrong in this thread.
I made a sell on gbp/jpy on 10.10 at a price with 143.51 in hope that it will fall. I couldnīt go online since than (to explain that would be a long story). I did not put a S/L or T/P and now it would be a big loss. Should I stay in and hope that it will fall - at least to a point were the loss would not be so much or what can you advise.
Thank for any thought,

Niko

Hmm cut ur lose and wait for better set up....learn some strategy while u backtest it Geppy is not for newbie at all...even me i am still in study room that pair burn like fire.
MY OPINION NOT FINANCIAL ADVISE
  • #204,993
  • Oct 21, 2009 10:35am Oct 21, 2009 10:35am
Quoting donfriday
bro i agreed dont bias but on a serious note to what chart 153.15-20 will be a strong resistance that can turn weekly bias bullish..i will be very caution selling gj from any time now cus it can bring a serious pull back ..

whats you think?
still aside.. UK market close in 30min.. and after that 2h of no-man land trades (low volume - lunch break)..

Anyway.. my setups are of the 5min/15min for now.. Im not talking a huge swings.. but as I said.. rejection from this level, will send back GY to 145 area..

We wait and watch..

that is what we do..

p
  • #204,994
  • Oct 21, 2009 10:42am Oct 21, 2009 10:42am
Quoting A-speculator
I was hoping some PB on GJ to perhaps 149.40.. So I can add to new long..


if i get it lower i will buy and swing this year is not like last year so no Kaboom .....Where is RG...where is RG.... are you sleeping?
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #204,995
  • Oct 21, 2009 10:46am Oct 21, 2009 10:46am
closed my long on UJ.. this pair barely even move.. looking to reenter @ 90.725..
  • #204,996
  • Oct 21, 2009 10:51am Oct 21, 2009 10:51am
Quoting A-speculator
closed my long on UJ.. this pair barely even move.. looking to reenter @ 90.725..

fibo50% reject GJ possible retrace. 149 back
MY OPINION NOT FINANCIAL ADVISE
  • #204,997
  • Oct 21, 2009 10:53am Oct 21, 2009 10:53am
Quoting donfriday
fibo50% reject GJ possible retrace. 149 back
Yeah, hopefully..
  • #204,998
  • Oct 21, 2009 10:58am Oct 21, 2009 10:58am
Quoting A-speculator
Yeah, hopefully..

let see how it play out 153 is a very very hard one
Attached Image (click to enlarge)
Click to Enlarge Name: 10-20-2009 5-40-30 AM.png Size: 37 KB
MY OPINION NOT FINANCIAL ADVISE
  • #204,999
  • Oct 21, 2009 11:01am Oct 21, 2009 11:01am
Quoting donfriday
let see how it play out 153 is a very very hard one
well, hopefully it won't fly there first.. I was hoping a pullback.. if it does fly there from here, I may have to TP all my position @ 153..
  • #205,000
  • Oct 21, 2009 11:04am Oct 21, 2009 11:04am
Just close Geppie trade held since 10/08/09 for + 1000 pips.

Dangit why can't this happen in my live accounts just once 8)
Attached Image (click to enlarge)
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