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

  • #216,321
  • Feb 23, 2010 5:27pm Feb 23, 2010 5:27pm
Quoting rgitt05
Based on my daily chart, I have a 76.8% retracement at the 1.48-1.49 zone before a possible reversal..

Overall the GU is bearish.

When Ben talks tomorrow about rate increase, Kaboom for the GU,GJ,EJ,etc...

Also, I included the weekly GU chart..
if the 1.48 level breaks than 1.42 zone is another possible reversal zone

Wait and see..

Keep it simple..
i was busy setup my own,and did not see your post,,and we agree with the same result !!!
  • #216,322
  • Feb 23, 2010 5:35pm Feb 23, 2010 5:35pm
I hope the market agrees with it.






Quoting zweig
i was busy setup my own,and did not see your post,,and we agree with the same result !!!
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  • #216,323
  • Feb 23, 2010 5:42pm Feb 23, 2010 5:42pm
Quoting USD-Bear
If I would have no fear I would Long @ 139.30 but I do..........

then you hit ress at 139.50 and back down again,,running in the neg..and you will worried it break lower..

very risky,unless you target 20 pips ? worth it ?
  • #216,324
  • Feb 23, 2010 5:51pm Feb 23, 2010 5:51pm
bye2 14X area look like going to happen this week while am looking for take another short at 141 area.



1. Sell limit@141X2 and sell [email protected] SL=143.35
2. Long UJ at 90.06 TP=90.46, SL+BE+1 while sell limit waiting at 90.50&56 area accordingly. If hit SL then 89.60/70 is where she will go.

attach same UJ chart as am posted before

Let c what happen

g
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 86 KB
  • #216,325
  • Feb 23, 2010 6:00pm Feb 23, 2010 6:00pm
Quoting USD-Bear
If I would have no fear I would Long @ 139.30 but I do..........
or ress at 139.39 .. ?

1 hour close above 139.40 looks a lill better for a option.. but still tooo risky
  • #216,326
  • Feb 23, 2010 6:32pm Feb 23, 2010 6:32pm
gap in uj need to fill?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 25 KB
  • #216,327
  • Feb 23, 2010 6:43pm Feb 23, 2010 6:43pm
Quoting poortrader
gap in uj need to fill?
make sure all platforms have the gap..ive seen on 4 of mine,,that only 1 have a gap and the rest dont...

alpari have one
MB dont
ducas dont
IB also not a gap
  • #216,328
  • Feb 23, 2010 6:49pm Feb 23, 2010 6:49pm
Anyone looking to go long GJ @ 138.95?
Never QUIT! --CSUNtrader
  • #216,329
  • Feb 23, 2010 6:55pm Feb 23, 2010 6:55pm
Quoting poortrader
gap in uj need to fill?
That's not a gap, its missing data from your feed.

In addition, not all gaps (when they do occur) close in their immediate future
  • #216,330
  • Feb 23, 2010 7:23pm Feb 23, 2010 7:23pm
I am missing data too.

NM
  • #216,331
  • Feb 23, 2010 9:41pm Feb 23, 2010 9:41pm
[quote=Scrat;3491410]for all scalpers out there, here is a nice quote from a very wise trader - it is exactly what i am trying to say:

"...BEFORE you can enter a trade in the opposite direction, PRICE has to STOP going in its original direction. This is BEFORE PRICE moves in the opposite direction. It has to STOP going in its original direction.

PRICE cannot go in the opposite direction UNTIL it has STOPPED going in its original direction. When we see that PRICE has STOPPED, we look for signs that PRICE is going in the opposite direction.



Very wise word fr a wise trader . Every body should already know about this but GREED always get into your head..you want to eat pips both ways...this including 'moi'.. When you get burnt you will start blaming your own stupidity because you are doing the impossible. Sometimes, I still found it hard to control my emotion . It is true ..'patience is a virtue' but 'waiting is painful'. I just want to add..it is only safe to get pips both ways in a ranging market..where there is no clear direction.
  • #216,332
  • Feb 23, 2010 10:21pm Feb 23, 2010 10:21pm
Quoting rgitt05

When Ben talks tomorrow about rate increase, Kaboom for the GU,GJ,EJ,etc...
Wednesday looks good to me too!

Just need to break 138 and let gravity take care of the rest... lol
Attached Image
  • #216,333
  • Feb 23, 2010 10:34pm Feb 23, 2010 10:34pm
Tomorrow at 10am sharp, Ben will say the market is Kaboom..





Quoting Fudomyo
Wednesday looks good to me too!

Just need to break 138 and let gravity take care of the rest... lol
Attached Image (click to enlarge)
Click to Enlarge Name: 633969932027761075-fiscalpolicy.jpg Size: 45 KB
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  • #216,334
  • Feb 23, 2010 11:02pm Feb 23, 2010 11:02pm
here is the channels of the eur/usd ,what im gonna used all the way to 1.6 end of year/next year !..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd channel.jpg Size: 98 KB
  • #216,335
  • Feb 23, 2010 11:14pm Feb 23, 2010 11:14pm
how many times do i have to tell you
it is NOT supposed to go up long term. usd has been desperately BOUGHT, big guys are already positioned for that so for now we will most probably see a rally in e-usd but only for a partial profit and more reloading in the direction of the main trend.
i can see it @ 1.43/1.44, but that's about it. from there, down is the only way out.

Quoting zweig
here is the channels of the eur/usd ,what im gonna used all the way to 1.6 end of year/next year !..
Nihil Sine Deo.
  • #216,336
  • Feb 23, 2010 11:29pm Feb 23, 2010 11:29pm
Quoting Scrat
how many times do i have to tell you
it is NOT supposed to go up long term. usd has been desperately BOUGHT, big guys are already positioned for that so for now we will most probably see a rally in e-usd but only for a partial profit and more reloading in the direction of the main trend.
i can see it @ 1.43/1.44, but that's about it. from there, down is the only way out.

i will disagree with you all the way unless the PA tell me im wrong ,..its clueless to use the COT index for a trend..

BTW, a close above 1.42 is the key for a test of 1.51 and later 1.6 ..

the media is much eur negative and they all said the "worst is still to come" ...

lets see.. still a looong way and many hurdles to get over..
  • #216,337
  • Feb 23, 2010 11:29pm Feb 23, 2010 11:29pm
So I'm thinking a continuation of last nights sell off tonight...
  • #216,338
  • Feb 23, 2010 11:34pm Feb 23, 2010 11:34pm
Quoting Scrat
how many times do i have to tell you
it is NOT supposed to go up long term. usd has been desperately BOUGHT, big guys are already positioned for that so for now we will most probably see a rally in e-usd but only for a partial profit and more reloading in the direction of the main trend.
i can see it @ 1.43/1.44, but that's about it. from there, down is the only way out.

ill agree with gbp/usd will go MAX to 1.45 and that will be the bottom for a very long time ,,but i cant see that the eur can go lower than 1.3 ..

oh well lets see..

i will stay long ,and keep attacking 1.5 then 1.6
i will def booked profits sometime ,but keep hold for test of all time high
  • #216,339
  • Feb 23, 2010 11:58pm Feb 23, 2010 11:58pm
Quoting zweig
ill agree with gbp/usd will go MAX to 1.45 and that will be the bottom for a very long time ,,but i cant see that the eur can go lower than 1.3 ..

oh well lets see..

i will stay long ,and keep attacking 1.5 then 1.6
i will def booked profits sometime ,but keep hold for test of all time high
Zweig, you should keep in mind that most traders are not really interested in what happens in Q4 or Q1 next year.
Personally I'm only interested in a positive growth of my NAV each month.
What happens after that is totally unimportant. Because those are decisions to make next month, not now.
That principle has delivered good results so far, and I just hope I can keep it that way.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #216,340
  • Feb 24, 2010 12:01am Feb 24, 2010 12:01am
Are you making money? Just trade what the PA is doing now..

No one knows where the market is going..If you know exactly where the market is going, you wouldn't be trading in this FF and sailing on your yacht.
Trade the charts..

The big boys know where the market is expecting..

Forex is a game..



Quoting zweig
ill agree with gbp/usd will go MAX to 1.45 and that will be the bottom for a very long time ,,but i cant see that the eur can go lower than 1.3 ..

oh well lets see..

i will stay long ,and keep attacking 1.5 then 1.6
i will def booked profits sometime ,but keep hold for test of all time high
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