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

  • #205,421
  • Oct 22, 2009 7:44pm Oct 22, 2009 7:44pm
Quoting malcolmb14
got 20 and out just before news on high vol doji at resistance , should have stuck to gj long...oh well ..
we are currently very close to a cluster resistance.. I think I won't be trading GJ for couple of days unless we have a convincing breakout..
  • #205,422
  • Oct 22, 2009 7:55pm Oct 22, 2009 7:55pm
Quoting malcolmb14
I think we see 155 .... maybe even by end of play tomorrow ... that would be nice
on the 4H, there's no kumo resistance, so i'm still holding another long with TP at 153.25.
but just a fast scalp, before the Prelim GDP q/q at 4.30 pm my time, i'll go short, no TP, will set an SL at breakeven.
playing with macd and pivot points....
once a scalper, will always be a scalper i guess...hehe.

http://img63.imageshack.us/img63/5355/15minspivot.gif
  • #205,423
  • Oct 22, 2009 8:16pm Oct 22, 2009 8:16pm
This are the reasons (chart) for my entry on UJ & UCAD as I describe before..
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  • #205,424
  • Oct 22, 2009 8:20pm Oct 22, 2009 8:20pm
This is my view on GJ, as you can see.. we are approaching a cluster resistance.. unless breakout occur, I'll enter after breakout pullback pattern.. or i'll wait for retracement to finish back to 149.40 - 150 area..
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  • #205,425
  • Oct 22, 2009 8:23pm Oct 22, 2009 8:23pm
As of eu, we are currently in the channel.. I was hoping to hop in @ 1.5000
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  • #205,426
  • Oct 22, 2009 8:29pm Oct 22, 2009 8:29pm
As of au, we have more 100pips move downside yesterday, however buyers seem to buying right at the F38 level. I was hoping to hop in @ F23.6 if the downmove is not to fast and period of consolidation sighted.

-sorry I don't know how they draw on the chart, but hopefully you can understand what I'm trying to present you just by looking at the chart.
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  • #205,427
  • Oct 22, 2009 8:47pm Oct 22, 2009 8:47pm
Quoting A-speculator
This is my view on GJ, as you can see.. we are approaching a cluster resistance.. unless breakout occur, I'll enter after breakout pullback pattern.. or i'll wait for retracement to finish back to 149.40 - 150 area..
i'm with u on the resistance for the GJ.
but, as i already have a long running since 151.58, and the trend is still bullish, i'll just ride it.

will be safe to open a long position once price is over the cloud.
but, as the tenkan & kijun (red/blue)already crossed, with chinkou (yellow) is well above the price cluster, it's a risk worth taking to hold on to the longs....

http://img27.imageshack.us/img27/605...resistance.gif
  • #205,428
  • Oct 22, 2009 9:00pm Oct 22, 2009 9:00pm
Quoting azlan1
i'm with u on the resistance for the GJ.
but, as i already have a long running since 151.58, and the trend is still bullish, i'll just ride it.

will be safe to open a long position once price is over the cloud.
but, as the tenkan & kijun (red/blue)already crossed, with chinkou (yellow) is well above the price cluster, it's a risk worth taking to hold on to the longs....

http://img27.imageshack.us/img27/605...resistance.gif
my opinion is cluster resistance seldom break on the first test.. I had long from 143 & 145 but closed already yesterday due to the fact that if there is a retracement, it will be significant while my position sizing on that particular pair already 10%, i decide to close it first (i normally have 2 - 5 % position size) and stay sideline atm..
  • #205,429
  • Oct 22, 2009 9:05pm Oct 22, 2009 9:05pm
I don't know what's gu is up to.. maybe an ascending channel or bear flag.. sideline for this pair also..
Attached Image (click to enlarge)
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  • #205,430
  • Oct 22, 2009 9:11pm Oct 22, 2009 9:11pm
Quoting A-speculator
my opinion is cluster resistance seldom break on the first test.. I had long from 143 & 145 but closed already yesterday due to the fact that if there is a retracement, it will be significant while my position sizing on that particular pair already 10%, i decide to close it first (i normally have 2 - 5 % position size) and stay sideline atm..
my exact reason for cashing in a position at R1 just now. hehe
  • #205,431
  • Oct 22, 2009 9:23pm Oct 22, 2009 9:23pm
Quoting azlan1
my exact reason for cashing in a position at R1 just now. hehe
relax bro.. for another 50 pips or so.. it's not worth the risk.. if there's a retracement back to 149.40 - 150.. that's a lot of pips also..
  • #205,432
  • Oct 22, 2009 9:30pm Oct 22, 2009 9:30pm
bull is alive!!!
  • #205,433
  • Oct 22, 2009 9:37pm Oct 22, 2009 9:37pm
Quoting A-speculator
relax bro.. for another 50 pips or so.. it's not worth the risk.. if there's a retracement back to 149.40 - 150.. that's a lot of pips also..
true, true...
down grading my TP to R2. 152.80. -
anyway, there's another long, with TP at R3 .... hehe
  • #205,434
  • Oct 22, 2009 9:52pm Oct 22, 2009 9:52pm
Quoting azlan1
true, true...
down grading my TP to R2. 152.80. -
anyway, there's another long, with TP at R3 .... hehe
yeah.. if there's breakout, can enter after the pullback.. if there retracement, can enter during the rebound.. always pips everyday.. only patience required.. LOL..
  • #205,435
  • Oct 22, 2009 9:57pm Oct 22, 2009 9:57pm
[quote=A-speculator;3170057]
...
Currently I only found 2 dips which I am comfortable to long, UJ @ 91.40 which is actually the fractal breakout

...

how did you know about this level 2 hours ago? good call.
  • #205,436
  • Oct 22, 2009 10:04pm Oct 22, 2009 10:04pm
[quote=francish;3170363]
Quoting A-speculator
...
Currently I only found 2 dips which I am comfortable to long, UJ @ 91.40 which is actually the fractal breakout

...

how did you know about this level 2 hours ago? good call.
well it is the typical breakout pullback pattern and consolidation at the support means it cannot break the support..
  • #205,437
  • Oct 22, 2009 10:08pm Oct 22, 2009 10:08pm
Quoting Johor JCS
bull is alive!!!
since 00:00hrs oct 15th, 2009. still healthy i presume...

http://img24.imageshack.us/img24/7325/21756184.gif
  • #205,438
  • Oct 22, 2009 10:24pm Oct 22, 2009 10:24pm
[quote=A-speculator;3170377]
Quoting francish

well it is the typical breakout pullback pattern and consolidation at the support means it cannot break the support..
thanx bro.
keep that PA vs R/S notices coming in. especially for GJ.

definitely useful for newbies like me
  • #205,439
  • Oct 22, 2009 10:59pm Oct 22, 2009 10:59pm
i'm cautioning everyone be careful here. Games are being played here as in about 4.5 hours time there's gonna be a huge wild card being played. If the GDP figure comes out positive then we'll have some justification for the recent surge in the GBP. If it comes out slightly negative do not be surprised that the GBP takes a quick tumble. If it comes out below the previous -0.6% then expect Cable to take a massive hit possibly all the way back down below 1.58 before the close of the week.
  • #205,440
  • Oct 22, 2009 11:04pm Oct 22, 2009 11:04pm
Another view of EU.. let's see if the minor support hold or not. I myself test long @ 1.5028.. let's see what happen next..
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