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

  • #205,461
  • Oct 23, 2009 2:43am Oct 23, 2009 2:43am
Current GJ...

Very2 bullish.. I think if that resistance failed, it will reach 155 - 157 area easily with this kind of momentum.. It's rare to have cluster resistance failed in a single strike..
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  • #205,462
  • Oct 23, 2009 2:47am Oct 23, 2009 2:47am
Quoting PandoraBox
Based on Price Action (PA) and we have Daily Bullish (Still above daily Gann) next target will be around between 155.80 ~ 156.20
Can i know is there any indicator for Price Action (PA)?
  • #205,463
  • Oct 23, 2009 2:48am Oct 23, 2009 2:48am
GCAD currently testing a critical point.. if that taken out

what a lovely pair.. already rip more than 1000pips and still giving more..
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  • #205,464
  • Oct 23, 2009 2:50am Oct 23, 2009 2:50am
Quoting Raza
It is Still Bullish...Average True Range is very Bullish...4 HR..
ya ya..go ahead guys...

am done for my Oct trade since yesterday..just having some fun with 3Xentry from each of them atm......

Only start my Nov acc after next NFP

Just 25sen each from my 0.033 % Oct profit........

Good luck all...

P/S: I will not surprise if PA will reverse soon in less than 1 hrs
  • #205,465
  • Oct 23, 2009 2:54am Oct 23, 2009 2:54am
Closed all longs at 153.17. Very often, we see a pre-news move which is sustained afterwards.
Not as if UK GDP will be good is it.......
  • #205,466
  • Oct 23, 2009 2:56am Oct 23, 2009 2:56am
Quoting PandoraBox
Based on Price Action (PA) and we have Daily Bullish (Still above daily Gann) next target will be around between 155.80 ~ 156.20
How about 149.50-146.50 or even lower before that area ?
  • #205,467
  • Oct 23, 2009 2:59am Oct 23, 2009 2:59am
Quoting grashid
How about 149.50-146.50 or even lower before that area ?

Bro .... before I answer your question, take a look at weekly and monthly TF. Tell me what do you see
  • #205,468
  • Oct 23, 2009 3:07am Oct 23, 2009 3:07am
Quoting grashid
How about 149.50-146.50 or even lower before that area ?
how much have we retraced since the move up? Just a littile bit.. since no down momentum.. it's hard to say it will go down.. if you just assume in this business, you're gonna get burn.. How hard is it just to follow the trend?
  • #205,469
  • Oct 23, 2009 3:08am Oct 23, 2009 3:08am
set my SL to R2 - 152.83.
hoping for the best to hit 153.60 coz the main resistance in my mind now is
the senkou span b of the kumo at 154.90.
whatever the result will be, thanx all for such a lively discussions.

http://img202.imageshack.us/img202/7...uspanbkumo.gif
  • #205,470
  • Oct 23, 2009 3:12am Oct 23, 2009 3:12am
Quoting A-speculator
I think this is the time when chart is not needed anymore.. just press the buy button and everything will be ok..

Last year was the sell button turn.. this year is the buy button..
So you are ignoring the potential for negative GDP news.....AND the well known traders saying "Buy the rumour, sell the fact"........I hope that at least you book some profits and have stops placed.....http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #205,471
  • Oct 23, 2009 3:16am Oct 23, 2009 3:16am
Quoting PandoraBox
Bro .... before I answer your question, take a look at weekly and monthly TF. Tell me what do you see
Anyway I love to see my current Daily&weekly atm..

Perhaps today will close below weekly pink...in order to push even higher to break monthly red dotted for Nov bull session...

Weekly yellow will be my observation point next week...

mm...I could be wrong but let see what happen
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  • #205,472
  • Oct 23, 2009 3:19am Oct 23, 2009 3:19am
Quoting Islander
So you are ignoring the potential for negative GDP news.....AND the well known traders saying "Buy the rumour, sell the fact"........I hope that at least you book some profits and have stops placed.....http://cdn.forexfactory.com/images/icons/icon12.gif
did I say that? the problem is that the sellers haven't pop in my chart yet.. I don't trade news.. so I guess I have to wait what the chart will be showing me after the news.. before that, I won't jump into a conclusion that the news will move the price down..
  • #205,473
  • Oct 23, 2009 3:28am Oct 23, 2009 3:28am
Quoting A-speculator
how much have we retraced since the move up? Just a littile bit.. since no down momentum.. it's hard to say it will go down.. if you just assume in this business, you're gonna get burn.. How hard is it just to follow the trend?
no assumption in my book bro ...n fyi that are mother of all fuck-ups

Anyway i could be wrong in reading my chart as well......good luck
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  • #205,474
  • Oct 23, 2009 3:31am Oct 23, 2009 3:31am
Quoting A-speculator
did I say that? the problem is that the sellers haven't pop in my chart yet.. I don't trade news.. so I guess I have to wait what the chart will be showing me after the news.. before that, I won't jump into a conclusion that the news will move the price down..
i think you might see some now LOL

the whole thing might have been a bull trap cos gdp -0.4 vs expected +0.2 is HUGELY bad.

if it still goes up after this im going to eat malcolms hat. ABANDON SHIP!!
  • #205,475
  • Oct 23, 2009 3:33am Oct 23, 2009 3:33am
original kaboom
MY OPINION NOT FINANCIAL ADVISE
  • #205,476
  • Oct 23, 2009 3:35am Oct 23, 2009 3:35am
Quoting grashid
no assumption in my book bro ...n fyi that are mother of all fuck-ups

Anyway i could be wrong in reading my chart as well......good luck

newbie like me i post 153.21 sinner said i dont sound rite....short the hell ..
MY OPINION NOT FINANCIAL ADVISE
  • #205,477
  • Oct 23, 2009 3:36am Oct 23, 2009 3:36am
Reverse reverse reverse... Sell mode sell mode sell mode
  • #205,478
  • Oct 23, 2009 3:37am Oct 23, 2009 3:37am
wow , 153.2! just wicked it and dropped.
  • #205,479
  • Oct 23, 2009 3:42am Oct 23, 2009 3:42am
now u guys dont...

still in -ve

..good luck all of u..

aiseh how many hundred pips drop?..ask ur self
  • #205,480
  • Oct 23, 2009 3:44am Oct 23, 2009 3:44am
Quoting Eulogy
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.
well i did warn everybody over 4 hours beforehand. Just hope you took your longs off the table before this shit hit the fan. Now all we need is home sales under 5M and we're back again talking deflation/more QE again.
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