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

  • #210,621
  • Dec 21, 2009 6:50am Dec 21, 2009 6:50am
Adding longs here at 146.00 targeting 148.30 initially...
check out my blog: forexmademillionaire dot com
  • #210,622
  • Dec 21, 2009 6:51am Dec 21, 2009 6:51am
Quoting sed34
I saw your earlier post. You were almost stopped out.

I was long at 145.80. tp:146.30
Hah yea

Buts its ok i said in this Buy i risk just 1 % of balance,we will see what will hapen on eujjpy i took 30 pips and my second position is +40,eurusd now is +15...


Cheers
"Buy on fear, sell on greed !!!
  • #210,623
  • Dec 21, 2009 6:54am Dec 21, 2009 6:54am
This beast is becoming like a yoyo going up and down crossing the 146 mark several times in a row. Not sure if this trend will stay through the end of the year. ?? Any observation?

Breakout above the Triangle seems to be a fake breakout.
  • #210,624
  • Dec 21, 2009 7:01am Dec 21, 2009 7:01am
Quoting Emp

Breakout above the Triangle seems to be a fake breakout.
Triangle hasn't broke yet... not on the 4 hour time frame at least (which is what matters). We did break and retest a pretty significant trendline on the 30 minute time frame though and I'm now looking at the next two key horizontal resistance zones at 146.50 and 147.00

Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.JPG Size: 56 KB
check out my blog: forexmademillionaire dot com
  • #210,625
  • Dec 21, 2009 7:39am Dec 21, 2009 7:39am
Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support.

Just a heads up guys.
  • #210,626
  • Dec 21, 2009 8:01am Dec 21, 2009 8:01am
In my opinion UJ will go to 91.39 which is WR1...After that I dont know...
The Market pays you to be disciplined
  • #210,627
  • Dec 21, 2009 8:05am Dec 21, 2009 8:05am
Quoting ukdaytrader
Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support.

Just a heads up guys.
How does GU affect GY? Isn't it because USD is strengthening?
  • #210,628
  • Edited 8:41am Dec 21, 2009 8:30am | Edited 8:41am
Quoting ukdaytrader
Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support.

Just a heads up guys.
.how many time we attempt to break 139 mate?
next year Japan will weaken his currencies? and why?

and may i say welcome back 167-168 or even184-200?
mm..maybe am dreaming....

cheers
  • #210,629
  • Dec 21, 2009 8:33am Dec 21, 2009 8:33am
Quoting Emp
How does GU affect GY? Isn't it because USD is strengthening?
look at USDJPY....

sory if i say too much to my target for UJ is 92-94.2-then welcome 100

let see what happen..EY as well
  • #210,630
  • Dec 21, 2009 9:06am Dec 21, 2009 9:06am
why would you buy into resistance? better wait for 146.60 area to be cleared and only then go long for 148.50...
take a look at this chart:
http://www.forexfactory.com/showthre...18#post3318118

Quoting Geppy
Adding longs here at 146.00 targeting 148.30 initially...
Nihil Sine Deo.
  • #210,631
  • Dec 21, 2009 9:29am Dec 21, 2009 9:29am
Quoting ukdaytrader
Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support.

Just a heads up guys.
well...the thing with crosses is, you have 2 majors to look at. not just one. The usd/jpy is appreciating well. I'm just waiting for another entry signal.
  • #210,632
  • Dec 21, 2009 9:49am Dec 21, 2009 9:49am
Quoting ukdaytrader
Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support.

Just a heads up guys.
GU might retrace once again to 1.62/3 area before breaking that support JMO
IF that is happening then GJ will soar again before resuming the main trend down
  • #210,633
  • Dec 21, 2009 9:54am Dec 21, 2009 9:54am
Quoting grashid
.how many time we attempt to break 139 mate?
next year Japan will weaken his currencies? and why?

and may i say welcome back 167-168 or even184-200?
mm..maybe am dreaming....

cheers
both targets could be met next year but before GJ must clear way down due to second leg of recession and USD is strengthening just due to that reason JMO
  • #210,634
  • Dec 21, 2009 9:59am Dec 21, 2009 9:59am
looks like i might get a sell signal soon. US lunch time things tend to reverse.
  • #210,635
  • Dec 21, 2009 10:01am Dec 21, 2009 10:01am
U/J just hit 91 on the dot
  • #210,636
  • Edited 11:32am Dec 21, 2009 11:18am | Edited 11:32am
Wow what will u all say when this pair hit 137?????
Now I'm hearing 150/179/180. . .
Gotta be kidding right?
In order for that to happen both GU and USD would have to go in the same direction which is highly unlikely. . .
And UJ up against resistance at 91.50 area at least. . . GU on the verge of collaspe so what is going to make GJ go to 150/165/180 I ask??????

Okay lets do the math. . . USD is strengthening so that means GBP/USD is weakening so UJ goes up and GU goes lower. . .
Hmmmmmmm. . . So if GU goes to 1.57 and UJ goes to 93 then GJ will be at. . . 1.57 x 93 = 146 Hmmmmmmmmm

So how do we get there - GU would have to go to 1.75 and UJ to 95 for GJ to achieve= 166 does this makes sense????

Doesn't make much sense to me fudamentally. . . but as you will. . . Added more shorts on the run-up. . .

Until I see a close above the daily UTL at 147.50 I'm shorting. . .
esp if GU closes today below 1.161. . .

Take profit 135/137. . .
  • #210,637
  • Dec 21, 2009 11:30am Dec 21, 2009 11:30am
QQ, whats up bro shorted UJ at 91.14. EU making its slow decent. UCAD.
  • #210,638
  • Dec 21, 2009 11:33am Dec 21, 2009 11:33am
Quoting vinesh2
QQ, whats up bro shorted UJ at 91.14. EU making its slow decent. UCAD.
UJ has stops above 91.50 hope u left room for a spike - might start to unravel after that - Japanese holding large shorts up above so there still a large supply for sell up top. . .
  • #210,639
  • Dec 21, 2009 11:34am Dec 21, 2009 11:34am
Quoting Scrat
why would you buy into resistance? better wait for 146.60 area to be cleared and only then go long for 148.50...
take a look at this chart:
http://www.forexfactory.com/showthre...18#post3318118
Lol man,

Buy on Resistance ?

I posted my trade from yesterday i see strong Support and i risk 60 pips,put Sl 1 pip below candle open,that is all you need...


This is chart when i took trade >
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 32 KB
"Buy on fear, sell on greed !!!
  • #210,640
  • Dec 21, 2009 11:35am Dec 21, 2009 11:35am
Oh ya there is breathing room i think it may go to 91.70 region may add more there
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