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

  • #214,021
  • Feb 2, 2010 6:16pm Feb 2, 2010 6:16pm
and up we go, stopped out again...
  • #214,022
  • Feb 2, 2010 6:26pm Feb 2, 2010 6:26pm
Quoting ranarashid23
Any view about GBPJPY is it heading to 147 to 153again?it can be make it !$7 to 153?Best Regards
Check Rg posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #214,023
  • Edited 7:10pm Feb 2, 2010 6:44pm | Edited 7:10pm
Based on my 4hr chart, if the 200 ema red line breaks than 147.00 at the UTL will possible the max before reversal..

I would think the reversal zone at 146.50-147.00 zone based on the daily chart.

Trade your chart




Quoting Leche Mocha
It doesn't seem to want to go down right now so okay. But it could go up 147+ and still stay the triangle on the daily chart
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[
  • #214,024
  • Feb 2, 2010 7:15pm Feb 2, 2010 7:15pm
Now what??...

Shorted more from Top...SL..@ B.E.. Could not resist the Shooting star... on Hourlyor a Hammer if wrong

Probably will get stopped out...lol..
Markets are not Random, they are designed!
  • #214,025
  • Feb 2, 2010 7:20pm Feb 2, 2010 7:20pm
Quoting Raza
Now what??...

Shorted more from Top...SL..@ B.E.. Could not resist the Shooting star... on Hourlyor a Hammer if wrong

Probably will get stopped out...lol..
lets go back down and test 143 again
  • #214,026
  • Edited 7:42pm Feb 2, 2010 7:22pm | Edited 7:42pm
Quoting Clouds
lets go back down and test 143 again
for this pattern to be invalid it should go below 144.45..if not then we go

Up ..very slowly..till London Opens..

I will short this more if it goes below 144.45

This Bit***h U/J... Currently on life support will Decide..
Markets are not Random, they are designed!
  • #214,027
  • Feb 2, 2010 7:30pm Feb 2, 2010 7:30pm
I put longs on at 144.00 this morning and just picked up some more. Targeting 145.60
check out my blog: forexmademillionaire dot com
  • #214,028
  • Feb 2, 2010 7:37pm Feb 2, 2010 7:37pm
Quoting Raza
for this pattern to be invalid it should go below 144.45..if not then we go

Up ..very slowly..till London Opens..

I will short this more if it goes below 144.45
if below 144.45, i can set my SL to BE , ill buy at bottom
  • #214,029
  • Feb 2, 2010 7:46pm Feb 2, 2010 7:46pm
how many pips before you set your sl to be
thanks
Quoting Clouds
if below 144.45, i can set my SL to BE , ill buy at bottom
  • #214,030
  • Feb 2, 2010 7:56pm Feb 2, 2010 7:56pm
... and 146.40.

Quoting Geppy
I put longs on at 144.00 this morning and just picked up some more. Targeting 145.60
Nihil Sine Deo.
  • #214,031
  • Feb 2, 2010 8:07pm Feb 2, 2010 8:07pm
Quoting just_ha
how many pips before you set your sl to be
thanks
30-50
  • #214,032
  • Feb 2, 2010 8:25pm Feb 2, 2010 8:25pm
Quoting just_ha
Hey Raza, is this suppose to be similar to a diamond pattern.

thanks.
EXAMPLE of a Diamond
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #214,033
  • Feb 2, 2010 8:26pm Feb 2, 2010 8:26pm
Quoting Raza
for this pattern to be invalid it should go below 144.45..if not then we go

Up ..very slowly..till London Opens..

I will short this more if it goes below 144.45

This Bit***h U/J... Currently on life support will Decide..
So... If it does touch 143. would you buy at 143? Earlier I said I would, but I always get scared to buy when it's down there. lol.
  • #214,034
  • Feb 2, 2010 8:26pm Feb 2, 2010 8:26pm
Quoting Scrat
... and 146.40.
Huh?
check out my blog: forexmademillionaire dot com
  • #214,035
  • Feb 2, 2010 8:34pm Feb 2, 2010 8:34pm
Quoting Clouds
So... If it does touch 143. would you buy at 143? Earlier I said I would, but I always get scared to buy when it's down there. lol.
No... let it go ..if it gets there143,,

First stop 143.42...second...143.18...142.78...142.60..142.13...141.93...should be very safe to Buy from there...IMO... for the rest of the Month...

Dont listen to me...Trade your Charts...

144.45... here it goes
Markets are not Random, they are designed!
  • #214,036
  • Feb 2, 2010 8:34pm Feb 2, 2010 8:34pm
UJ looks to be headed towards 85 by the end of the month. Carry trades are dead in the water, pretty much. Could be some bounces, but small ones I'd think

DOWN GJ!!!!
  • #214,037
  • Feb 2, 2010 9:43pm Feb 2, 2010 9:43pm
Quoting ranarashid23
I am also scared to buy when going down...143 buy ok?ilike to buy at 139...im new this biz i bought at 151 and sold at 141.5..ilost lots of money...so iwant cover this this time...any body can tellme this time again up possible if touch 139...is it pound not going to touch 130 135?
Wow, I guess you figured out by now that you shouldn't ride it down 1000 pips before you sell or blow an account - great yet expensive way to learn. Currently most on the thread agree it'll go down to 142/141.x this week, but whether it goes further or reverses upwards is an unknown until the days/weeks unfold. The PA is incredibly tricky of recent weeks/months, and IMHO is getting more difficult to trade, as many behaviours of GY have been modified, partially due to the unknown financial times we are in. There's a unhealthy mix of optimistic & some good news out there along with a almost neverending mix of closet skeletons that when they come out can tank things and correlations, but almost never in a consistent fashion, making our trading tougher. You should also follow the other JPY crosses & USD for better GY trading. Not sure how well you know GY, but studying it from D1,H4,H1,M5 & M1 charts is most helpful to me for learning PA. I love Tigertron Pivots (check indi time zone settings, and turn on most of the default off options) - GY is still pretty good at adhereing to S/R, H/L & Fibs guidelines. Also, draw lots of trend lines, even on M1 charts, to learn good entry techniques. On the questions & where it's going trends, no one can of course tell you exactly. Queecee5 is stellar at providing the high level overview & hugely accurate in his predictions. Bottom line is, you need to be prepared for anything, and DO NOT marry a direction, because it won't always occur.
  • #214,038
  • Edited 11:19pm Feb 2, 2010 10:31pm | Edited 11:19pm
yeah its no big deal, just kind of annoying, having to check action forex for the right pivots values.

thanks anyways.

Beljevina,

Do you use the 15 and 30 min at all??

I'm also using Tigertron Pivot, do you notice, on tuesday the pivots are calculated from friday and monday high and low? Do you know how to fix that?

my settings, by wednesday it will be correct the pivots values match actionforex

Calcinwhattimezone -4
calcfromwhathour 18
gmtfridayclose 23
gmtsundayopen 0


Quoting Beljevina
Wow, I guess you figured out by now that you shouldn't ride it down 1000 pips before you sell or blow an account - great yet expensive way to learn. Currently most on the thread agree it'll go down to 142/141.x this week, but whether it goes further or reverses upwards is an unknown until the days/weeks unfold. The PA is incredibly tricky of recent weeks/months, and IMHO is getting more difficult to trade, as many behaviours of GY have been modified, partially due to the unknown financial times we are in. There's a unhealthy mix of optimistic &...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 74 KB
  • #214,039
  • Feb 2, 2010 10:41pm Feb 2, 2010 10:41pm
Quoting just_ha
Beljevina,
Do you use the 15 and 30 min at all?? I'm also using Tigertron Pivot, do you notice, on tuesday the pivots are calculated from friday and monday high and low? Do you know how to fix that?
You're being more astute about it than me ... I did notice the discrepancy, but haven't dived into the code to try and decipher it - they're usually not that far off I find, and I have another indi I use which (I think) gets it right for those first few days (Month beginning it's off too I think). Your settings look to be for a GMT/London broker. 15M & 30M I only use to judge trend and get a better sense of VSA.
  • #214,040
  • Feb 2, 2010 10:43pm Feb 2, 2010 10:43pm
Quoting PandoraBox
Bro, if Germany back to old currency ...D-Mark II ...EU will collapse...maybe back to 0.9.
If Germany pulled out of the Euro, the euro in my opinion would collapse...

France have only ever been mediocre at best economically...
Italy although possessing real potential (with a mediteranian location) have too much politcal strife...
Spain and Portugal busy having siesta (in other words I really have no idea)...
And the Eastern block countries of the euro are in worse financial strife than what USA ever was.
Ireland are not any better than the Eastern block...

So without Germany (the world's number 2 exporter, 2nd to China), the euro would probably have the value of the old Italian lira.

Anyway back to the GJ and GU.
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