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

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  • Post #217,241
  • Quote
  • Mar 3, 2010 2:35am Mar 3, 2010 2:35am
  •  karmostaji
  • Joined Nov 2006 | Status: Dubai | 11,493 Posts
Quoting zweig
Disliked



seriuosly breakout of what ? gbp/jpy to 130 ?
Ignored
This thread is about GJ, breakout of the range GJ is trading in now, look at the 1h/4h and you'll know what I'm talking about if you know how to read a simple chart.
Trade what you see, not what you think.
 
 
  • Post #217,242
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  • Mar 3, 2010 2:40am Mar 3, 2010 2:40am
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts
Quoting karmostaji
Disliked
This thread is about GJ, breakout of the range GJ is trading in now, look at the 1h/4h and you'll know what I'm talking about if you know how to read a simple chart.
Ignored
Bulls can't hold this range for too much longer IMO. Selling momentum getting smaller and smaller. They're guna need to show their hand sooner or later....
 
 
  • Post #217,243
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  • Mar 3, 2010 2:42am Mar 3, 2010 2:42am
  •  Tsui
  • | Joined Mar 2010 | Status: Member | 36 Posts
So there's no chance for a retracement?
 
 
  • Post #217,244
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  • Edited 3:09am Mar 3, 2010 2:42am | Edited 3:09am
  •  mima
  • | Membership Revoked | Joined May 2008 | 3,395 Posts
I am long on GU from 1.4991....

P.S Exited (+7)
The Market pays you to be disciplined
 
 
  • Post #217,245
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  • Mar 3, 2010 2:42am Mar 3, 2010 2:42am
  •  karmostaji
  • Joined Nov 2006 | Status: Dubai | 11,493 Posts
Quoting ukdaytrader
Disliked
Bulls can't hold this range for too much longer IMO. Selling momentum getting smaller and smaller. They're guna need to show their hand sooner or later....
Ignored
Many signs of bearish continuation but I'm always read for either side of the range. Never get married to a direction
Trade what you see, not what you think.
 
 
  • Post #217,246
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  • Mar 3, 2010 3:04am Mar 3, 2010 3:04am
  •  alearner
  • | Joined Jan 2008 | Status: Member | 328 Posts
Quoting karmostaji
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Waiting for the breakout...
Ignored
Welcome back. I hope more of the regulars return
 
 
  • Post #217,247
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  • Mar 3, 2010 3:07am Mar 3, 2010 3:07am
  •  engcu90
  • | Joined Nov 2009 | Status: Member | 88 Posts
i am hedging!
{Promotion Removed}
 
 
  • Post #217,248
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  • Mar 3, 2010 3:20am Mar 3, 2010 3:20am
  •  ghuisthefirs
  • | Joined Jun 2009 | Status: Member | 137 Posts
go short now
 
 
  • Post #217,249
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  • Mar 3, 2010 3:28am Mar 3, 2010 3:28am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 19,669 Posts
Quoting karmostaji
Disliked
Many signs of bearish continuation but I'm always read for either side of the range. Never get married to a direction
Ignored
Glad to meet you again . long time did not trade gj , you my teacher in many aspects in forex. Hope still to wait an hr or so play for the bo.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
 
 
  • Post #217,250
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  • Mar 3, 2010 3:31am Mar 3, 2010 3:31am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 19,669 Posts
Quoting ghuisthefirs
Disliked
go short now
Ignored
which level you expect it down 132.76 or down some , then ok .I will not jump before the show ready & go.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
 
 
  • Post #217,251
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  • Mar 3, 2010 3:39am Mar 3, 2010 3:39am
  •  ghuisthefirs
  • | Joined Jun 2009 | Status: Member | 137 Posts
no its going to 132
 
 
  • Post #217,252
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  • Mar 3, 2010 3:45am Mar 3, 2010 3:45am
  •  ukdaytrader
  • Joined Dec 2008 | Status: Member | 2,753 Posts
Volume suggests dips are being bought. Lots of tails on the 5m TF.

I could be wrong, but this looks like short term accumulation.
 
 
  • Post #217,253
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  • Mar 3, 2010 3:49am Mar 3, 2010 3:49am
  •  uksnowman
  • | Joined Feb 2009 | Status: Member | 906 Posts
Quoting ghuisthefirs
Disliked
go short now
Ignored
Why would you sell in the middle of a tight range? Play it safe and trade the breakout, or extremes of the range.

I might be wrong here but last time you said short GJ it went up by nearly 300 pips??
 
 
  • Post #217,254
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  • Mar 3, 2010 3:52am Mar 3, 2010 3:52am
  •  ghuisthefirs
  • | Joined Jun 2009 | Status: Member | 137 Posts
when was that?
 
 
  • Post #217,255
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  • Mar 3, 2010 4:32am Mar 3, 2010 4:32am
  •  ghuisthefirs
  • | Joined Jun 2009 | Status: Member | 137 Posts
i'm glad i always do the opposite of what i say here
 
 
  • Post #217,256
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  • Mar 3, 2010 4:37am Mar 3, 2010 4:37am
  •  Beljevina
  • Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
Quoting ukdaytrader
Disliked
Volume suggests dips are being bought. Lots of tails on the 5m TF.

I could be wrong, but this looks like short term accumulation.
Ignored
It appeared that way to me too, although the PA was to the downside. Now that PMI #'s are positive, we've gotten a bit of a pop - let's see if it continues. It's hit a downtrend line & prev high @ 133.7 - will have to break that, but I'm not optimistic. In from 133 long with a small position.
 
 
  • Post #217,257
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  • Mar 3, 2010 4:38am Mar 3, 2010 4:38am
  •  notoSCUM
  • | Commercial Member | Joined Aug 2008 | 39 Posts
I see the gilt market is voulnerable, not too good for GBP in a long run
 
 
  • Post #217,258
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  • Mar 3, 2010 4:40am Mar 3, 2010 4:40am
  •  Allseeingeye
  • | Joined Sep 2009 | Status: Member | 672 Posts
i think this is a fakeout & we should come down after another 30-50 pips max. i see completion of wave 4 then down to 130-128 for the bottom
my wave counts are based on the GBP/USD but 99% of the time they move the same
 
 
  • Post #217,259
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  • Mar 3, 2010 5:04am Mar 3, 2010 5:04am
  •  Allseeingeye
  • | Joined Sep 2009 | Status: Member | 672 Posts
http://www.forexfactory.com/showthre...78#post3484778
Quoting Allseeingeye
Disliked
here are my charts
Ignored
this was my count allong with bear flag that everyone laughed at when i posted it looks like im laughing now
 
 
  • Post #217,260
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  • Mar 3, 2010 5:05am Mar 3, 2010 5:05am
  •  Tsui
  • | Joined Mar 2010 | Status: Member | 36 Posts
am i right to say a retracement is coming up pretty soon?
 
 
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