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

  • #216,161
  • Feb 22, 2010 5:57am Feb 22, 2010 5:57am
Quoting Raza
15M ..Looks like a Contracting Triangle..and they usually happen in wave2 or wave4...

IF it is...could be going UP.
Exactly same chart I have, and its showing divergence on MCAD, if plays out it should got to 141.6 at least and if broke up, who knows?
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  • #216,162
  • Feb 22, 2010 5:58am Feb 22, 2010 5:58am
Quoting ewokuk
and here is what i dont like about these fractals. just had a new one appear on 15min gu on the pivot. if i took the long now that the fractal has appeard, the move has already happened, its already gone up 30 pips and is now coming back down again, so i would have entered right at the point its coming back down. already missed the move by the time the fractal appears
did you saw the video from myrza about using fractals? if not, it may be useful

http://forex-strategies-revealed.com...-guru-strategy
LOL
  • #216,163
  • Feb 22, 2010 6:06am Feb 22, 2010 6:06am
Quoting hindart
Exactly same chart I have, and its showing divergence on MCAD, if plays out it should got to 141.6 at least and if broke up, who knows?
An eye on 4 HR candle... what it becomes...!!
Markets are not Random, they are designed!
  • #216,164
  • Feb 22, 2010 6:21am Feb 22, 2010 6:21am
Hello guys just took gbpjpy Sell for long term trading

141.20 SL 143.80 TP 138.40


Cheers and happy piping
Attached Image(s) (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #216,165
  • Feb 22, 2010 6:25am Feb 22, 2010 6:25am
Quoting ewokuk
and here is what i dont like about these fractals. just had a new one appear on 15min gu on the pivot. if i took the long now that the fractal has appeard, the move has already happened, its already gone up 30 pips and is now coming back down again, so i would have entered right at the point its coming back down. already missed the move by the time the fractal appears
Because GU is still in range..in ranging market..i look for a false break or you can just scalp between the extreme
Attached Image (click to enlarge)
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  • #216,166
  • Feb 22, 2010 7:12am Feb 22, 2010 7:12am
Quoting Myrza
Because GU is still in range..in ranging market..i look for a false break or you can just scalp between the extreme
i see. id like it to get towards 5550 for a nice sell. ive set a sell order at 5545 but have to watch incase it desnt quite make it there. hopefully it makes it above 5500 though.

also have a long order on audusd on a break of 9050. 9050 is significant resistance, aud is very strong and i think aud will move up between now and the anticipated rate hike next week.
  • #216,167
  • Feb 22, 2010 7:20am Feb 22, 2010 7:20am
Quoting Petar_Serbia
Hello guys just took gbpjpy Sell for long term trading

141.20 SL 143.80 TP 138.40


Cheers and happy piping
What is the point in that trade? your R/R is not even 1:1??
  • #216,168
  • Feb 22, 2010 7:25am Feb 22, 2010 7:25am
Quoting hindart
What is the point in that trade? your R/R is not even 1:1??
lol

Almost 1:1 RRR,i have opened 2 trades,one i will take 1:1 second will falow when i see exit signal,but on second looking for 1:2 RRR.Also i must say i dont have loose trade on jpy pairs since 16 december


Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #216,169
  • Feb 22, 2010 7:30am Feb 22, 2010 7:30am
Quoting Petar_Serbia
lol

Almost 1:1 RRR,i have opened 2 trades,one i will take 1:1 second will falow when i see exit signal,but on second looking for 1:2 RRR.Also i must say i dont have loose trade on jpy pairs since 16 december


Cheers and happy piping
I have small short order at 141.6 with tight stop loss45pips tgt 139.
  • #216,170
  • Feb 22, 2010 7:52am Feb 22, 2010 7:52am
Quoting ewokuk
i see. id like it to get towards 5550 for a nice sell. ive set a sell order at 5545 but have to watch incase it desnt quite make it there. hopefully it makes it above 5500 though.

also have a long order on audusd on a break of 9050. 9050 is significant resistance, aud is very strong and i think aud will move up between now and the anticipated rate hike next week.
My eyes are set @ .9088 and .9185 AuUsd for a countertrend move..
  • #216,171
  • Feb 22, 2010 8:37am Feb 22, 2010 8:37am
Quoting Myrza
My eyes are set @ .9088 and .9185 AuUsd for a countertrend move..
aussie is strong. if they do raise rates then 9088 and probably 9185 will stand no chance. if they dont raise rates and it happens to be around 9088 or 9185 at that time then it will probably drop like a rock like it did last time.
  • #216,172
  • Feb 22, 2010 8:43am Feb 22, 2010 8:43am
Quoting ewokuk
aussie is strong. if they do raise rates then 9088 and probably 9185 will stand no chance. if they dont raise rates and it happens to be around 9088 or 9185 at that time then it will probably drop like a rock like it did last time.

Au$ is a bubble..it has been strong because of carry trade. I think it is high time that the bubble will burst.
  • #216,173
  • Feb 22, 2010 8:53am Feb 22, 2010 8:53am
UsdCad is looking good..this might be the prelude of its super bull run. I am going to hold on to this a little longer
  • #216,174
  • Feb 22, 2010 9:03am Feb 22, 2010 9:03am
Quoting Myrza
Au$ is a bubble..it has been strong because of carry trade. I think it is high time that the bubble will burst.
maybe, but no reason for bubble to burst if they raise rates again. if they dont then it might.
  • #216,175
  • Feb 22, 2010 9:04am Feb 22, 2010 9:04am
http://www.guardian.co.uk/business/2...-investor-risk
The Market pays you to be disciplined
  • #216,176
  • Feb 22, 2010 9:07am Feb 22, 2010 9:07am
Billions of dollars are wagered daily in the "carry trade," in which traders sell the currencies of countries with low interest rates like the U.S. and Japan while simultaneously buying the currency of countries with higher rates like Australia and Brazil. These arbitrage opportunities can persist for years at a time. But before you try your hand at the carry trade, be aware that currency values can change in seconds, causing sudden losses. And because currency trading typically involves heavy financial leverage—traders borrow as much as $500 for each dollar they invest to amplify results—the carry trade can rapidly become the scary trade. That is what happened in the fall... Full Story

Quoting ewokuk
maybe, but no reason for bubble to burst if they raise rates again. if they dont then it might.
  • #216,177
  • Feb 22, 2010 9:13am Feb 22, 2010 9:13am
Quoting ewokuk
maybe, but no reason for bubble to burst if they raise rates again. if they dont then it might.
just wait when they start imposing 1:10 hedging limit on hedge funds..
  • #216,178
  • Feb 22, 2010 10:11am Feb 22, 2010 10:11am
Quoting USD-Bear
Long @ 141.10
hehe, closed @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #216,179
  • Feb 22, 2010 5:03pm Feb 22, 2010 5:03pm
Any comments are welcomed
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  • #216,180
  • Feb 22, 2010 6:47pm Feb 22, 2010 6:47pm
Short 15m TF:

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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