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

No but, I'd take these 150-200 pips trappish move any day..lol

i am long on ej 136.96 and my tp 138 , i am on the right way , what do you think malcomb ?

here is daily .... what do you think ?

i would get out of a long trade ASAP

sure you may get a retrace , but as we saw in gu today better to trade the direction of the daily IMHO....

This week all my gu trade been sells so far.

Malcolm, I brought up the same chart, and find it weird how I've got some extra red candles, but moreso (and that's why I brought it up) don't have that huge volume spike that shows on your chart; I hovered above that bar of your chart that is super big, to display the high/low/vol info I'm seeing. I'm guessing that is not the esignal volume in your screenshot? Guess it's Brocotrader. If one were following VSA, I think it would be misleading, since I'm assuming the there's a volume data issue there. My back end volume should be via Deutsche Bank as liquidity provider, via Collective FX. Big difference in the legend/bar height of Better Volume too. Just an observation.

Inverted H&S anyone?

Very possible, I am currently long on the same type setup

Im waiting for a retest of the 149 area to hold then I'll enter long. If it drops below 149 then trade no longer valid.

Good MAE traders. I am taking GBP/JPY long from 150.2 SL 150.

Whats your target?

Hi Sierra, unsure at this point. Just trying to build some longs in the quiet Tokyo time to see if they will be bought above when London comes online.

If they are taken out that is ok with me too, I am not trading very large during Tokyo.

What are the reasons for the long coz trend is down

I believe the current price represent some value and willing to risk 20 pips to see.

We are just experiencing a retrace, I will be very surprised if there is not a second attack on 1.53xx. Maybe from where we are now, or maybe from 1.49 I don't know.

But for now I'm just scalping, 10 pips here, 10 pips there

Shamu

is everyone sleeping here?

from what i am seeing on my end on every dollar pairs this is more likely the end of 1.5 for eu this year cus daily 5sma is broken and possible to test it before down trend continue so it worth risking for huge sl ..

A nice bearish rectangle is being made on EJ, once 136.8 is taken it should take everything down with it.
No mans land is 136.8 - 137.30 area

gj must be a nice buy at 150.

I see accumelation, daily pivot and weekly. And this news pin was a clear sign of accumelation.

Just hoping there nice enough to give me 150.

KABOOOOOOOOOM on the way

Actually, any direction would be nice ... many reasons to justify it going either way, although I think we're due for a trip down before any ride up to 153.

While we wait, here's something from forexlive:

Cable makes ground in Asian trade; notable buyer seen
Written by Gerry Davies October 27, 2009 at 06:31 GMT
Cable has made some ground in overnight Asian trade, presently up at 1.6340 having closed out Monday in North American down around 1.6310.
Sources note that a US bank, thought to be acting on behalf of an Asian sovereign, entered the market buying around 1.6300 and was responsible for the bulk of the overnight gains.
Very little in the way of UK economic data today to whet the appetite, infact the cupboard is almost bare:
11:00 GMT: UK CBI distributive trades
Talk of sell orders lined up at 1.6390/00, with stops just above 1.6400, and then more sell interest up at 1.6425 through 1.6445.
Buy orders seen down at 1.6280/90.

here where we are today

http://www.a15a.net/uploaded/764_1214566470.swf

who can catch the end ?