Aussie has been pretty heavily sold during asia and is sitting right on support. I would expect London to be in selling mode today if this support breaks.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #208,002
- Nov 16, 2009 11:09pm Nov 16, 2009 11:09pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
151.50/60 touch then only am thinking of short....otherwise just scalp for 20-25pips... bored
for 5 weeks we are in range between daily and weekly gann. By theory, we should break the daily one before we break weekly.. but let watch the GAME..
cheers!!
- #208,004
- Nov 16, 2009 11:35pm Nov 16, 2009 11:35pm
anyone know when gj will wake up again? been boring for the last couple weeks
- #208,005
- Nov 16, 2009 11:42pm Nov 16, 2009 11:42pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
dont know mate, so far 150.30 holds.. but if we go above, to 151.50.. then we reverse all pattern, and the UP targets im expecting to be higher..
for 5 weeks we are in range between daily and weekly gann. By theory, we should break the daily one before we break weekly.. but let watch the GAME..
cheers!!
anyway this week start is the worst ever in my trading for this year...
just 72buck atm....really scary to make my own decision as its not really clear what is going on...10pips am out..5 pips also out...really nervous to keep stay longer...damm
Better am taking my break and
....
- #208,006
- Nov 16, 2009 11:44pm Nov 16, 2009 11:44pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
My understanding is that no broker guarantees fixed spreads. It's perfectly normal for direct access brokers to state that spreads will fluctuate depending on market liquidity etc. The only way of truly finding out is to search online for reviews or try them yourself.
The real question is just how 'straight-through' are they really?
The new spreads they have quoted don't look too bad btw.
- #208,007
- Nov 16, 2009 11:59pm Nov 16, 2009 11:59pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
agreed and i would expect the new trend to 153 then 155.70 area or more
anyway this week start is the worst ever in my trading for this year...
just 72buck atm....really scary to make my own decision as its not really clear what is going on...10pips am out..5 pips also out...really nervous to keep stay longer...damm
Better am taking my break and
If we go Up them yes I agree, next target are 151.30; 153.30; 157; 175 ....
If we go Down, then first we test 140.90; 148.60; 146.80; 144; 140..
but we have to open one of those 2 gates
daily Gann or weekly Gann..
looking at DX.. looks like multiple bottom ( or temp one) is in place.. (possible accumulation here)
looking at S&P another 60p up from yesterday High is possible as a strong resistance, before we see some retracing,
looking at 30y T.. they already broke the 4h LTL and they are falling..
looking at Gold another High to 1190, before we see some retrace to 1040-1065.
********************************
so YES, there is a possible scenario, with next few NEWS we see another POP UP before anything.., or we may see the retrace- rebound- reverse, even from these levels.
cheers@
- #208,008
- Nov 17, 2009 12:11am Nov 17, 2009 12:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #208,009
- Nov 17, 2009 12:13am Nov 17, 2009 12:13am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #208,011
- Nov 17, 2009 12:33am Nov 17, 2009 12:33am
hey piters, is there anyways you can show a graph of what you mean by ranging between the daily and weekly gann, and what do you mean by breaking out of the daily gann? pictures are so much easier to understand , thanks 
dont know mate, so far 150.30 holds.. but if we go above, to 151.50.. then we reverse all pattern, and the UP targets im expecting to be higher..
for 5 weeks we are in range between daily and weekly gann. By theory, we should break the daily one before we break weekly.. but let watch the GAME..
cheers!!
- #208,012
- Nov 17, 2009 12:37am Nov 17, 2009 12:37am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
hey piters, is there anyways you can show a graph of what you mean by ranging between the daily and weekly gann, and what do you mean by breaking out of the daily gann? pictures are so much easier to understand , thanks
- #208,013
- Nov 17, 2009 12:45am Nov 17, 2009 12:45am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #208,014
- Nov 17, 2009 1:02am Nov 17, 2009 1:02am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
LOL - scary or not, with the data due over the next couple of days I'm thinking big spikes both ways, so I'm in "hit and run" mode and have already exited part when price got down to the days open level at 6817
I'm thinking that the next trend move will show its hand AFTER all of the data / news releases......Time Will Tell
HIT and RUn..
pure Pirate.. !
- #208,015
- Nov 17, 2009 1:05am Nov 17, 2009 1:05am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
hey piters, is there anyways you can show a graph of what you mean by ranging between the daily and weekly gann, and what do you mean by breaking out of the daily gann? pictures are so much easier to understand , thanks
2 charts.. weekly and daily. and we are in divergence mode here.. one bullish one bearish.. That's why we are in range mode, until we break UP or DOWN..
[Charts]
- #208,016
- Nov 17, 2009 1:13am Nov 17, 2009 1:13am
Ok i see what you mean by the range,but when you refer to them breaking out, you mean either both time frame turn bullish or bearish?
also what is the purpose of the yellow, green and red lines SMA? i'm still learning the gann system, and currently only using the 5 SMA.
thank for the graphs
also what is the purpose of the yellow, green and red lines SMA? i'm still learning the gann system, and currently only using the 5 SMA.
thank for the graphs
here mate..
2 charts.. weekly and daily. and we are in divergence mode here.. one bullish one bearish.. That's why we are in range mode, until we break UP or DOWN..
[Charts]
- #208,017
- Nov 17, 2009 1:24am Nov 17, 2009 1:24am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Ok i see what you mean by the range,nut when you refer to them breaking out, you mean either both time frame turn bullish or bearish?
also what is the purpose of the yellow, green and red lines SMA? i'm still learning the gann system, and currently only using the 5 SMA.
thank for the graphs
I wait on close above weekly gann (weekly bar.. )= 149.82 or bellow the daily gann (daily bar) =148.73
but I look on some breakouts on lower TF as 15min, 1h and 4h,
Im looking at the S/R levels, Trend lines (higher TF), gann Hilo, ema 50..
the green and yellow are 5sma and 3sma.. just for additional triggering..
Here is my workChart.. My current 4h workbook.. what I wait is a breakout of this triangle with testing the levels (above/bellow)
[Chart]
- #208,018
- Nov 17, 2009 1:33am Nov 17, 2009 1:33am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #208,019
- Nov 17, 2009 1:49am Nov 17, 2009 1:49am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
ok thats it ... this pair is in the bin until it gets out of this trap !
can someone call me when it does !
can someone call me when it does !
- #208,020
- Nov 17, 2009 1:57am Nov 17, 2009 1:57am
gotcha, thanks a million pips
yes mate,
I wait on close above weekly gann (weekly bar.. )= 149.82 or bellow the daily gann (daily bar) =148.73
but I look on some breakouts on lower TF as 15min, 1h and 4h,
Im looking at the S/R levels, Trend lines (higher TF), gann Hilo, ema 50..
the green and yellow are 5sma and 3sma.. just for additional triggering..
Here is my workChart.. My current 4h workbook.. what I wait is a breakout of this triangle with testing the levels (above/bellow)
[Chart]