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

  • #210,201
  • Dec 11, 2009 10:38am Dec 11, 2009 10:38am
Quoting donfriday
I went against my rules, EU bite me ..Div is building on GJ 1hr ...no more pos till next week

nice div on 1hr...
MY OPINION NOT FINANCIAL ADVISE
  • #210,202
  • Dec 11, 2009 10:51am Dec 11, 2009 10:51am
Quoting donfriday
nice div on 1hr...
Yep, well spotted mate. Also CCI30 line crossing +100 line to the downside on the 1hr TF.

We could be in for a wee shake-out of longs here.
  • #210,203
  • Dec 11, 2009 11:01am Dec 11, 2009 11:01am
Quoting ukdaytrader
Yep, well spotted mate. Also CCI30 line crossing +100 line to the downside on the 1hr TF.

We could be in for a wee shake-out of longs here.
maybe...but i am sure next week will be very interesting dollar is been bought dip...closing for the week mate..c ya all next week...
MY OPINION NOT FINANCIAL ADVISE
  • #210,204
  • Dec 11, 2009 12:40pm Dec 11, 2009 12:40pm
wotsup biatches

im looking for gu shorts again. its been in 6350 to 6200 range so looking for a short anywhere above 6300 (not today obviously but ill hope for a spike up or set an order on sunday).

news today might add to dollar strength, hopefully sends gu towards 5800 next week. im unsure on gj so staying away maybe even until after christmas. might consider a UJ long though.
  • #210,205
  • Dec 11, 2009 2:30pm Dec 11, 2009 2:30pm
hello guys, i am long on UJ at 89.43 and my target is 85.00; it will be a great deal
High risk High return!
  • #210,206
  • Dec 11, 2009 2:43pm Dec 11, 2009 2:43pm
Quoting simao
hello guys, i am long on UJ at 89.43 and my target is 85.00; it will be a great deal
lol, if you're long at 89.43 and your target is 85 then it really will be a great deal (NOT) lol
Without a trade plan, say bye bye to your account & hello to frustration.
  • #210,207
  • Dec 11, 2009 3:06pm Dec 11, 2009 3:06pm
Quoting simao
hello guys, i am long on UJ at 89.43 and my target is 85.00; it will be a great deal

Long?.....Must be Short......

G/J 4 hr 50 ema was tough to Break...

Range time Sunday / Monday..... Scalpers Dream..( 144.17--- 146.23)

Break 144...go to 142.84.....

Break 146.38 goes to 147.20.......
Markets are not Random, they are designed!
  • #210,208
  • Dec 11, 2009 5:28pm Dec 11, 2009 5:28pm
sorry guys ,i make error in writing post i am short UJ from 89.40 and my big target 85.00
High risk High return!
  • #210,209
  • Edited 6:27pm Dec 11, 2009 6:04pm | Edited 6:27pm
Quoting simao
sorry guys ,i make error in writing post i am short UJ from 89.40 and my big target 85.00
not saying uj wont see 85 area, but weekly candle from last week has formed a bullish engulfing pattern... just something to keep in mind. i'm buying the dip.
also, let's not forget about a bullish divergence on weekly chart with uj.
more or less, short term shorts look gook for now.
  • #210,210
  • Dec 11, 2009 6:35pm Dec 11, 2009 6:35pm
Quoting ukdaytrader
Jim Rogers exclusive on Bloomies. He's buying Dollars. Last time he gave a call like this, (sell Sterling), Sterling/Yen fell 1200 pips in less than a week.
(As an American) we did after all, promise the Chinese recently we'd support a stronger dollar..
  • #210,211
  • Dec 11, 2009 9:24pm Dec 11, 2009 9:24pm
Quoting Trendstar
(As an American) we did after all, promise the Chinese recently we'd support a stronger dollar..
Yep, and (as a Chinese), along with the rest of the world, we simply don't trust you.
  • #210,212
  • Dec 11, 2009 11:41pm Dec 11, 2009 11:41pm
Quoting ukdaytrader
Jim Rogers exclusive on Bloomies. He's buying Dollars. Last time he gave a call like this, (sell Sterling), Sterling/Yen fell 1200 pips in less than a week.

funny you mention that and i have getting slagged off about this for weeks now ... but gu and eu are about to drop 3000 to 4000 pips

think 1.15 eu , gu parity ...sound insane but chances are there form a TA standpoint and a fundamental standpoint

[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-5.jpg[/IMG]
http://www.forexfactory.com/showpost...stcount=187288
Blogging daily now at www.volume.zone
  • #210,213
  • Dec 12, 2009 12:24am Dec 12, 2009 12:24am
it was about time
i am with you on this one. and what's funny about a couple of thousand pips...

Quoting malcolmb14
funny you mention that and i have getting slagged off about this for weeks now ... but gu and eu are about to drop 3000 to 4000 pips

think 1.15 eu , gu parity ...sound insane but chances are there form a TA standpoint and a fundamental standpoint
Nihil Sine Deo.
  • #210,214
  • Dec 12, 2009 1:41am Dec 12, 2009 1:41am
[quote=malcolmb14;3301242]funny you mention that and i have getting slagged off about this for weeks now ... but gu and eu are about to drop 3000 to 4000 pips



On what "exact" basis do you make this call? I am new to forex and I tend to scalp but I would really like to do some long term trades.

Can you show me this on your charts?

Thanks heaps!
  • #210,215
  • Dec 12, 2009 5:36am Dec 12, 2009 5:36am
Hi Malcomb

I think you're a goodtrader, but you halfalso, over the few pst weeks when cble was up at 1.68 sugested ut may go to 1.72 also, so its not nicee for you to say youve been getting slagged off abot something for weeks. Sometimes youre wrng and sometimes your wright, eg on thursday you said we wld see 16000 on friday, which we didnt. If you copy drect trade and others on his forum, and come back on theforums and say I was wrong, that wld make up for the times when your right.

If cable drops 3000 to 4000 pips, remembere it first went up to 1.68 when you said it was going straigt down a few motnhs ago. Nice to be gracious like people like drecttrade.

Fact is, nobody knows EXACTLY where the market is going on a particular day, we can only make educational guesses - for newbies, please remember this i.e. NOBODY IS QUALIFIED TO GIVE CALLS SO DON'T PLACE YOUR TRADES ON ANYONE ELSE'S CALLS - no matter how experienced they may sound, because THEY COULD BE WRONG, just as THEY COULD BE RIGHT.

I made the mistake when I first started of following Malcomb to the letter when he used to give dates by which Cable will fall to 1.55, because he is very experienced and knowledgeable, and i got badly burnt, lost an account because of this (and I am not blaming him, I blame myself); so the best thing to do is study, and dowhat your mind tells you to do because you could get into a mess following others.

If cable goes down to praity with the dollar by next June, it wont be because Malcomb said so, it would be because the market makers have choosen to take it there. So be careful.

My mentor she always says study well and 'follow your instinct', and dont regret if you miss out on an opportunity, based on a call, that there will always be opportunities. Please take this on board or else you will keep blowing your account.



Quoting malcolmb14
funny you mention that and i have getting slagged off about this for weeks now ... but gu and eu are about to drop 3000 to 4000 pips

think 1.15 eu , gu parity ...sound insane but chances are there form a TA standpoint and a fundamental standpoint

[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-5.jpg[/IMG]
http://www.forexfactory.com/showpost...stcount=187288
  • #210,216
  • Dec 12, 2009 8:00am Dec 12, 2009 8:00am
the problem with following anyone elses calls is if things change that invalidate that call, the person that made the call has probably identified it and changed their trades already to reflect the new situation. The person who is blindly following would not have identified that the situation has changed, and blindly holds it until dead.

by all means trade someone elses calls, but at all times you have to consider

 

  1. They MAY be wrong and you need to identify along the way if something has changed to invalidate that call, because the person that made the call is not necessarily going to be around to tell you
  2. They may be trading a different timeframe than you, or the call may be based on a different timeframe than you trade with. there is no point in a scalper listening to calls made based on a weekly chart.

im shorting gu and im comfortable shorting it until at least 5800. then ill reconsider what to do next. i have no opinion on gj so im not trading it for now.

  • #210,217
  • Dec 12, 2009 8:07am Dec 12, 2009 8:07am
Hey isguru,

I don't know how long you have been a trader but following anyone trades calls is absolutely a newbie without doing your own due diligence.However, I have followed Malcomb setups and he have the most reasonable explanation on this board or anywhere I read about a possible breakout.. Your status on this FF board will probably not get recognized as nothing more than a burntout trader looking for a FREE signal or sympathy

This forum is for sharing and explaining their perspective where the price action for mainly GJ and GU is heading. In malcomb posts, I don't remember anywhere stating to take his trades. He is sharing his views and nothing else.

I hope this lost you made following one person trade without due diligence realized that no one have the absolute bias where the market is heading.

I considered MALCOMB14 an asset to this board.

Becareful how you attack the senior traders on this board. You have no merit or creditibility to say one senior call is a bad trader.

He is not obligated to state his bad calls since this is a public forum and not a free signal service.

Trade you charts!!




Quoting isguru
Hi Malcomb

I think you're...
[
  • #210,218
  • Dec 12, 2009 9:23am Dec 12, 2009 9:23am
Quoting malcolmb14
funny you mention that and i have getting slagged off about this for weeks now ... but gu and eu are about to drop 3000 to 4000 pips

think 1.15 eu , gu parity ...sound insane but chances are there form a TA standpoint and a fundamental standpoint

[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot-5.jpg[/IMG]
http://www.forexfactory.com/showpost...stcount=187288
buying dollars and selling gold bullion? looool

gold has topped out on the weekly/monthly so far, peak was reached after a climax of the long lasting bull.

EU acts like gold most of the time, and weeklies are showing sings of breakout downwards.

EU Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eu_weekly.gif Size: 18 KB


oil is showing some symptoms of another bear soon as well.

GU has been screaming "bears" to me for 2 weeks now, and it only makes sense, since the dollar's going to be on another bullish frenzy any time soon, not to mention sterling weakness; so that's down x2.

i don't care where UJ goes, i've given up on that stupid pair a long ass time ago. but the weekly chart surely still looks pretty bearish to me, and unless i see some serious breakouts on the weekly chart, my bias will still be bearish as hell.

it's very clear that GJ is at a very strong support area, but can also be delicate from the top as well. next week is where it will most likely break out to tell the direction in the coming year. i'd like to see price well above 50ema and cci30 above the 0 line at least (100line better) to start changing my bias to mid/long term bullish.

GJ chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gj_weekly.gif Size: 20 KB
  • #210,219
  • Dec 12, 2009 9:38am Dec 12, 2009 9:38am
if u guys think Naath's charts are a little complicated, then take a look at what my charts really look like when i look for S/R levels...


fibo fans are my specialty anyway, and other than the fact that 1.5 seems like a really nice clean number, it also has lots of confluence there.

cci30 also supports my view.

Attached Image (click to enlarge)
Click to Enlarge Name: gj_weekly_fans.gif Size: 41 KB
  • #210,220
  • Dec 12, 2009 10:08am Dec 12, 2009 10:08am
but then again... UJ's higher TFs are best when i need to figure out that little bastard. anything lower than that is just plain BS...

weekly chart's telling me there's a very strong confluence of an FE 61.8 level (which is toughest to break when it comes to ABC patterns) and a fibo fan level.

you guys can see the last wave down on the weekly chart's pretty much respecting a the expanding channel created by fibo fan level 38.2 and 50.0.

also cci30 (which is also best on the weekly chart) is showing a triangle ready to get busted either way. we still need 2-3 weeks for this to manifest, and until it happens, i'm still bearish.

i have seen LOTS AND LOTS of this EW scenario where wave 5 of 5's slope is a little less sharp than that of wave 3 of 5, and it only makes an insignificant lower low than wave 3, usually around FE 61.8 of waves 2-3-4 FE. but who am I to start analyzing EW... what's ur take on this PK?

why am i still bearish on UJ since i'm getting a bottom signal? heck, cuz weekly cci is STILL below the -100 line (although it's kissing it now). and unless i see cci 30 above the 0 line and breaking that upper TL of the triangle, i'll still be bearish on the longer run.

chart...(weekly)

Attached Image (click to enlarge)
Click to Enlarge Name: uj_weekly.gif Size: 27 KB
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