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

  • #213,561
  • Jan 28, 2010 4:10pm Jan 28, 2010 4:10pm
Quoting quecee5
Well looks to me we are in a range from 144-147 at the moment. . .

However, from what I see on the daily chart we have put in a bottom and it appears we are going to be heading up from here with 1st target set at 149.50. . .
maybe but im not sure i dont have enough detail to hand but im guessing we are holding hands again with the indices and i cant see them bouncing too quickly - i dont think the bottom is in but im affaid you guys are my eyes comparing usd yen gbp dow etc

thanks for replying none the less
  • #213,562
  • Jan 28, 2010 4:11pm Jan 28, 2010 4:11pm
Quoting USD-Bear
I've been looking into MACD a lot in my professional live as financial analist and have developed an adopted MACD which worked a lot better in financial markets (not fx) but less frequent. If interested drop me a message, will be out tomorow...
Try out Accelerator and Awesome oscillator if you want a better gage for divegence. . .
Gives you a better warning what's to come. . .
  • #213,563
  • Jan 28, 2010 4:12pm Jan 28, 2010 4:12pm
Quoting Geppy
So I'm watching this inverted H&S right now. Could be interesting. I wish I had access to my home comp and charts, but for now I'm stuck with NetDania so here's the best I can do. Any thoughts are welcome. If this were to play out I believe the first target would be something like 151.00
yup, i am there too, had posted this yesterday also
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  • #213,564
  • Jan 28, 2010 4:17pm Jan 28, 2010 4:17pm
Quoting hindart
yup, i am there too, had posted this yesterday also

  • #213,565
  • Jan 28, 2010 4:18pm Jan 28, 2010 4:18pm
Quoting quecee5
Try out Accelerator and Awesome oscillator if you want a better gage for divegence. . .
Gives you a better warning what's to come. . .
Will look into it, thanks......
Don't be a hero. Don't have an ego. Always question yourself
  • #213,566
  • Jan 28, 2010 4:21pm Jan 28, 2010 4:21pm
An hour for JPY data, maybe some movement then. Apologies for discussing another pair. Is nzd/jpy doomed or will it go up?
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  • #213,567
  • Jan 28, 2010 4:26pm Jan 28, 2010 4:26pm
Patterns don't always playout..



Higher TF's is still bearish, fundamentals is bearish..



Quoting hindart
yup, i am there too, had posted this yesterday also
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  • #213,568
  • Jan 28, 2010 4:33pm Jan 28, 2010 4:33pm
im very patient and im waiting for 143 to be hit with a spike low and candle reversel formation on daily at 143.. 143.00/143.30 ..

good night !
  • #213,569
  • Jan 28, 2010 4:36pm Jan 28, 2010 4:36pm
Quoting quecee5
I am not that experienced, just trying to learn a bit. still suffering from habit of booking small profits and big losses
  • #213,570
  • Jan 28, 2010 4:36pm Jan 28, 2010 4:36pm
Quoting rgitt05
Patterns don't always playout..



Higher TF's is still bearish, fundamentals is bearish..
lol!
Im a zombie.. "Rawr"
  • #213,571
  • Jan 28, 2010 4:41pm Jan 28, 2010 4:41pm
Quoting rgitt05
Patterns don't always playout..



Higher TF's is still bearish, fundamentals is bearish..
Thanks, Nice quote on pic, I am still learning from you guys. wish me luck in increasing my mental strength & MM, i believe that is the key in this mkt
  • #213,572
  • Jan 28, 2010 4:42pm Jan 28, 2010 4:42pm
Where's bottom? It's dropped from 240 to 120. If you had to go long or short for the next two years, which would it be?
  • #213,573
  • Jan 28, 2010 4:49pm Jan 28, 2010 4:49pm
Anyway you want it...Just push the button..



Quoting Clouds
Where's bottom? It's dropped from 240 to 120. If you had to go long or short for the next two years, which would it be?
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  • #213,574
  • Jan 28, 2010 5:03pm Jan 28, 2010 5:03pm
My biggest piece of advice - you need to use a stop loss.

It takes a while to really get used to making use of one. However, if you manage losses, then the profits will come (I think Donald Trump said that - ughh).

I know it sucks to be in a losing position; however, that is the way it is. The situation is cut throat.

How to determine the stop loss, well, that is another matter. My advice is to use trend lines and moving averages as your defense. At least 40-50 pips on Geppy is required. If you have a larger tolerence, then 90-120 pip. Clearly, this depends on your timeframe as well.

NM


Quoting hindart
I am not that experienced, just trying to learn a bit. still suffering from habit of booking small profits and big losses
  • #213,575
  • Jan 28, 2010 5:07pm Jan 28, 2010 5:07pm
Pretty new here guys. Does this look like active divergence on the 4h chart? By the way, how do I put the picture directly in the post instead of as an attachment? Thanks for any insight.
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  • #213,576
  • Edited 5:27pm Jan 28, 2010 5:12pm | Edited 5:27pm
Short @ 146.49, Closed @ 145.145, Don't like the looks of that Complex Inverted H&S, although it can play out to be a Broadening Right-Angled and
Descending
  • #213,577
  • Jan 28, 2010 5:24pm Jan 28, 2010 5:24pm
Quoting next-move
My biggest piece of advice - you need to use a stop loss.

It takes a while to really get used to making use of one....
Thanks Bro!
slowly n slowly I am getting there. A sof not I have put 51 pip default SL on GJ, 41pips on EJ and 31 on UJ, I mainly trade these three. Next step is not to take nay trade if SL appear than what I have planned.
Thanks again.
  • #213,578
  • Jan 28, 2010 5:52pm Jan 28, 2010 5:52pm
hourly pin bar in progress
  • #213,579
  • Jan 28, 2010 5:55pm Jan 28, 2010 5:55pm
If 144.80, then we could have a range from 144.80 to 147.20. 144.80 is such a critical area on daily chart. It's looking like another daily candle will close above this support. This makes it more likely GJ will head back to 147.20. We might see a dip into 143 area during Asia and a quick pullback like it did two days ago. I'm holding a long at 144.75, SL 144.40, TP 147.15
  • #213,580
  • Edited 8:23pm Jan 28, 2010 7:50pm | Edited 8:23pm
nice reversal sign on 1hr.
congrats longs, but let's not get too comfortable since 147 should be the decision point again, since many are seeing it as inverted shampoo.
personally i don't think the bears are done yet, but longs should be good til london at least... i think.
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