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

  • #216,421
  • Feb 24, 2010 7:57am Feb 24, 2010 7:57am
Convincing evidence for a 138.34 rejection on H1, at least for now? Chance of the longs to 140.x-ish?
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  • #216,422
  • Feb 24, 2010 7:58am Feb 24, 2010 7:58am
Quoting rgitt05
You change also with your avatar name...You think I don't know you are..

you was probably not here,but i did say it loud and clear who i am

kinda obv ..huh ?
  • #216,423
  • Feb 24, 2010 8:01am Feb 24, 2010 8:01am
Quoting zweig
lol..every week the supp change form some guys here..

it was 140 ,then 139,now 138 ,next week 137 ..?

the major supp was 140,,broke that already ,,138 no biggy ... 135 next,then 130 ...

The way price reacted from 138.30 range and how fast price went north 139.25 range tells me that we may see 140 or more than 134-135 soon.

It is call pa which I do for day trading. Now swing trading or trading from weekly chart (trend line break) that is different kind of trading. All trading style is valid as long you are making money.
  • #216,424
  • Feb 24, 2010 8:01am Feb 24, 2010 8:01am
I know..I am only saying for the newbies that don't know who you use to be..I guess this is how you trade...





Quoting zweig
you was probably not here,but i did say it loud and clear who i am

kinda obv ..huh ?
[
  • #216,425
  • Feb 24, 2010 8:04am Feb 24, 2010 8:04am
Guys this PA is just making suckers to the recovery...Selling all rallies..

As quecee5 and myself see on the higher TF's

Good Luck

Fundamentals is all bad..




Quoting manz66
The way price reacted from 138.30 range and how fast price went north 139.25 range tells me that we may see 140 or more than 134-135 soon.

It is call pa which I do for day trading. Now swing trading or trading from weekly chart (trend line break) that is different kind of trading. All trading style is valid as long you are making money.
[
  • #216,426
  • Feb 24, 2010 8:05am Feb 24, 2010 8:05am
range is STILL only 126 pips. theres more than enough range left in the day to break 138 yet.

it is now back below 139 having failed to get above monthly s2. weekly s2, and the daily open. downtrend remains intact for me so far.
  • #216,427
  • Feb 24, 2010 8:06am Feb 24, 2010 8:06am
Quoting Beljevina
Who the heck knows. The drop was due to abysmal US housing sales, down 11% - that's gotta translate into lots of job losses, directly in the building trade and obviously everything that gets bought for new homes, adding to job losses. On GJ, the golden question is, will 138.3 hold before crashing through 138.2. In tenous times like this, where patterns and S/R aren't really being respected, but instead testimonies and news drive things, entries aren't really wise, just for the sake of trading. I've been burned too many times, and choose to be flat,...
Did it go 138.4??
  • #216,428
  • Edited 8:08am Feb 24, 2010 8:06am | Edited 8:08am
Quoting rgitt05
Wait for the london close before you change bias..

You will be long margin call.

This PB is a classic before the london close

Selling all rallies..

Trend is my friend..

Well, I already took a profit of 70 pips from previous long call here.

As far as margin call you do not know how I trade, so that is stupid thing to say. When I already gave my sl at 138.25.

Rather those who took breakout short trade below 138.50 with out sl are in drawdown now.
  • #216,429
  • Feb 24, 2010 8:06am Feb 24, 2010 8:06am
Quoting rgitt05
I know..I am only saying for the newbies that don't know who you use to be..I guess this is how you trade...


i like originals !!

dont do the fake ones

this is my original acc..
  • #216,430
  • Feb 24, 2010 8:07am Feb 24, 2010 8:07am
Quoting rgitt05
Guys this PA is just making suckers to the recovery...Selling all rallies..

As quecee5 and myself see on the higher TF's

Good Luck

Fundamentals is all bad..

I would love to short at 141, not have guts to short now. SO I wish for 141.)
  • #216,431
  • Feb 24, 2010 8:11am Feb 24, 2010 8:11am


Quoting manz66
Well, I already took a profit of 70 pips from previous long call here.

As far as margin call you do not know how I trade, so that is stupid thing to say. When I already gave my sl at 138.25.

Rather those who took breakout short trade below 138.50 with out sl are in drawdown now.
[
  • #216,432
  • Edited 8:28am Feb 24, 2010 8:14am | Edited 8:28am
Quoting hindart
Did it go 138.4??
My pip spread is 2.8, pretty much the best on GJ, as opposed to the crazy 6-9 pips that many brokers charge. And, am thinking of exiting any minute, had 70 pips, now 40 pips up ... although there's temporary upside still I think.

EDIT: Out for 42 pips on what looks like a fake rally. Still previously short and wanting 135.
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  • #216,433
  • Feb 24, 2010 8:15am Feb 24, 2010 8:15am
This bull rally is fake..



Quoting zweig
i like originals !!

dont do the fake ones

this is my original acc..
Attached Image
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  • #216,434
  • Feb 24, 2010 8:17am Feb 24, 2010 8:17am
Quoting hindart
I would love to short at 141, not have guts to short now. SO I wish for 141.)
Price can't even reach DPP and has not closed above DPP since last week.
DPP now resides at 139.84 area - price can't even get an hourly close above 139.50 for the last 24 hours. . .

Good luck. . . if the news couldn't spike it up u may be waiting awhile. . .

Again shorting rallies seems less riskier than longing in a clear downtrend which has been confirmed by the daily chart. . .
  • #216,435
  • Feb 24, 2010 8:23am Feb 24, 2010 8:23am
resistance
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  • #216,436
  • Edited 8:49am Feb 24, 2010 8:30am | Edited 8:49am
Here is a naked daily chart and a 1hr chart that speaks for itself.
Now ask yourself why am I going long at these levels. . .



A good 4hr close above 139.60 with a reversal candle heading north would at least be a less risker trade. . . But to go long at these levels without even a reversal candle is beyond me. . .
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  • #216,437
  • Edited 8:46am Feb 24, 2010 8:30am | Edited 8:46am
Support is gonna go...sell Rallies or stay out..as Queece and Rgitt mentioned...

136.68 and then 134xx... No more than that..IMO...

I will attempt buys from these levels for a good Run UP.....

Whoever is trying to be a Hero buying look at your 4 hr Bar..
Markets are not Random, they are designed!
  • #216,438
  • Feb 24, 2010 8:31am Feb 24, 2010 8:31am
as q said, selling rallies is safer than watching for possible longs.

just look and compare dips vs. rallies - the thing is, you have a greater chance of success shorting, even at these levels, than going long. BUT it's your call. when undecided, stay out = this is the best approach.

Quoting hindart
I would love to short at 141, not have guts to short now. SO I wish for 141.)
Nihil Sine Deo.
  • #216,439
  • Feb 24, 2010 8:53am Feb 24, 2010 8:53am
A solid daily close below monthly S1 @ 139.10 opens the door for a decline to the next monthly support S2 @ 134.60. . .

Of course there will be a few pit-sops between 136.50, 135.70 and and next 134.60. . .

Happy piping. . .
  • #216,440
  • Feb 24, 2010 8:55am Feb 24, 2010 8:55am
here is for someone advive who looking for a buy..im myself looking for that spike ...

if you cant make out of the gj ,,look at other crosses to find the low

cad/jpy BUY @ 84/83.60... if cad hit that supp,,try then looking for a buy on gj...

the same with eur/jpy [email protected] where we will spike and reverse..then you can long the gy...

its absoluut mind blowing to short now,even if most say its more worth it to sell ,rather than a buy.. no its not,, stay away from shorts and find the bottom..we arew close of 500 + pip pullback ,if we hit supp..

im not sure were will the gj hit his spike,, think 135.60..but cad/jpy is more clear and more obv where the bottom will be and shoot back up to low 90's ...

only my advice ..
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