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

  • #216,181
  • Feb 22, 2010 7:11pm Feb 22, 2010 7:11pm
Any thoughts on where today will take us? I got an Descending triangle in the H1, holding 2 shorts from yesterday at 141.8 & 141.7 SL moved to BE after touching 140.9 area. Price is having a tough time breaking though that area. Questioning whether to get out of my short and wait for a clear breakout.
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  • #216,182
  • Feb 22, 2010 7:27pm Feb 22, 2010 7:27pm
Quoting just_ha
Any thoughts on where today will take us? I got an Descending triangle in the H1, holding 2 shorts from yesterday at 141.8 & 141.7 SL moved to BE after touching 140.9 area. Price is having a tough time breaking though that area. Questioning whether to get out of my short and wait for a clear breakout.
I would wait getting rid of shorts, all time frames are looking bearish to super bearish.
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #216,183
  • Feb 22, 2010 7:35pm Feb 22, 2010 7:35pm
Yeah I'm getting mixed signald betwen the 4h and 1h, 4h stoch, macd shows plenty or room for the move down, and there is a bearish divergance with my zerlagstoch. But 1h has failed 4 times to close below 140.9. and indicators show oversold in the lower tf, makes me think i'll get stopped out at BE before it heads back down.

thanks thought, ill hold on and see.
  • #216,184
  • Feb 22, 2010 7:51pm Feb 22, 2010 7:51pm
stop at 4175
Its all in the mind.
  • #216,185
  • Feb 22, 2010 7:57pm Feb 22, 2010 7:57pm
Quoting grashid
inverted H&S breakout? For me = i dun think so. Its is bull trap.
If break then i can say welcome 1XX level and definetely i admit am wrong.

If u ask my view, down first to test at least 91.50(almost in friday-miss 1 pips)-90.50 where is my first&2nd target then let c if its goes to 88.80-86.60/70.

let c what happen...cheers
0pss..tp1 hit and going to tp2? let c what happen
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  • #216,186
  • Feb 22, 2010 8:11pm Feb 22, 2010 8:11pm
long gj ..sl 45 pips..let see what happens
  • #216,187
  • Feb 22, 2010 9:02pm Feb 22, 2010 9:02pm
how about fractals on daily chart?

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
Nihil Sine Deo.
  • #216,188
  • Feb 22, 2010 9:12pm Feb 22, 2010 9:12pm
Quoting Myrza
long gj ..sl 45 pips..let see what happens

closed @ -12
  • #216,189
  • Feb 22, 2010 9:17pm Feb 22, 2010 9:17pm
very important level here.
close below this level will open pandora box for GJ
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #216,190
  • Feb 22, 2010 9:25pm Feb 22, 2010 9:25pm
Quoting DMA Trader
very important level here.
close below this level will open pandora box for GJ
it looks just like mirror image around this area..bulls really had a hard time breaking this area
  • #216,191
  • Feb 22, 2010 9:57pm Feb 22, 2010 9:57pm
Quoting 5ysfx
Any comments are welcomed
No one has interest in 8 months projection. One day itselt is able to burst your account.
Face both Win and Lose bravely
  • #216,192
  • Feb 22, 2010 10:39pm Feb 22, 2010 10:39pm
I'm liking long here, with the 50% on the fibo from the total move up, several pieces of resistance and the trend line (althouigh that may be breaking) and I just like the price.

Took about 70 pips from it anyway from near the 50% fibo and the trend line when it hit it and bounced a couple of times, -40 stop loss so 30 up even if it goes tits up.
  • #216,193
  • Feb 22, 2010 11:48pm Feb 22, 2010 11:48pm
Are you gonna take any short at these levels....? I was looking at the volume on my mt4 platform (which may not be accurate) and the whole upmove from .8600 has been on decreasing volume....

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.
  • #216,194
  • Feb 23, 2010 12:06am Feb 23, 2010 12:06am
Quoting Fusion
Are you gonna take any short at these levels....? I was looking at the volume on my mt4 platform (which may not be accurate) and the whole upmove from .8600 has been on decreasing volume....

Not at the moment..and I am not buying this bubble either..I am thinking of .909..And it all depends on the PA there. But if i see any false breakout on H1 and H4 at.9035 level I will consider selling.
Aussie looks so mouth watering ..keep your eye fix on this pair
  • #216,195
  • Feb 23, 2010 1:59am Feb 23, 2010 1:59am
Short @ 141.60
SL @ 142.10
Don't be a hero. Don't have an ego. Always question yourself
  • #216,196
  • Feb 23, 2010 2:05am Feb 23, 2010 2:05am
shorting gu at 5555
  • #216,197
  • Feb 23, 2010 2:07am Feb 23, 2010 2:07am
Quoting Scrat
how about fractals on daily chart?
yeah but i daytrade/scalp so trading dailies is a big long for me. probably quite reliable on a daily though. gu just formed one at bottom on daily. but im not gonna take that!im shorting off 5555, lots of selling volume it seems which is what i was waiting for yesterday.

plenty of pound crap happening today, good chance itll tank it
  • #216,198
  • Feb 23, 2010 3:15am Feb 23, 2010 3:15am
Quoting USD-Bear
Short @ 141.60
SL @ 142.10
Closed @ 141.02
Don't be a hero. Don't have an ego. Always question yourself
  • #216,199
  • Feb 23, 2010 3:29am Feb 23, 2010 3:29am
Today looks promising..everything is moving. Shorting AuUsd looks promising. UCad is also moving nicely
  • #216,200
  • Feb 23, 2010 3:54am Feb 23, 2010 3:54am
Quoting Myrza
Today looks promising..everything is moving. Shorting AuUsd looks promising. UCad is also moving nicely
hmmm i was about to long aud lol

took 100 off gu and closed that just now. will wait for test of pivot around 5475 then look to re-enter.
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