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

  • #217,341
  • Mar 3, 2010 10:53am Mar 3, 2010 10:53am
Quoting Myrza
scalp short @ 134

may bounce up at 133.3...hand on my trigger
  • #217,342
  • Mar 3, 2010 10:55am Mar 3, 2010 10:55am
Surprising move to 134. Although there was buying to get it there, there must have been huge selling to bring it back down 60 pips of the 70 pip upmove. Based on that, it'll take a lot of momentum to get us to 139, which is unlikely to happen before Friday. Taking another long from 133.5 for the retest.
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  • #217,343
  • Mar 3, 2010 10:57am Mar 3, 2010 10:57am
Quoting Myrza
scalp short @ 134
Good/brave trade! Should've done that myself!
  • #217,344
  • Mar 3, 2010 10:59am Mar 3, 2010 10:59am
Quoting Beljevina
Surprising move to 134. Although there was buying to get it there, there must have been huge selling to bring it back down 60 pips of the 70 pip upmove. Based on that, it'll take a lot of momentum to get us to 139, which is unlikely to happen before Friday. Taking another long from 133.5 for the retest.
too scary to long ...look at the long wick..133.3 or lower I will buy
  • #217,345
  • Mar 3, 2010 11:02am Mar 3, 2010 11:02am
Quoting Beljevina
Good/brave trade! Should've done that myself!

Thank you...i just scalp at the hourly fractal level...it is a no brainer..Billy Ray style
  • #217,346
  • Mar 3, 2010 11:06am Mar 3, 2010 11:06am
Quoting Myrza
too scary to long ...look at the long wick..133.3 or lower I will buy
Out for 20 pips upside. Placing another short @ 133.85, if it gets there.
  • #217,347
  • Mar 3, 2010 11:07am Mar 3, 2010 11:07am
Quoting Myrza
Thank you...i just scalp at the hourly fractal level...it is a no brainer..Billy Ray style

I am also have PO for EU$ 1.378 for a no brainer scalp
  • #217,348
  • Mar 3, 2010 11:19am Mar 3, 2010 11:19am
technically, it already broke to the upside, but... i was expecting a more vigorous move.
weekly support is @ 133.47-133.15 and would be more likely tested at least once before another rally attempt.

this is most probably a complicated correction and i doubt it would get that easy to 139, IF at all. 135.50 seems more likely.

if e-usd goes up and u-j continues to go down, i don't think g-j will make a clear move. i'm out of this one.
Nihil Sine Deo.
  • #217,349
  • Mar 3, 2010 11:24am Mar 3, 2010 11:24am
here is the channels of eur and gbp vs USD..i will use for the rest of the year ..both target all time high ..gbp 1.8 actually... eur 1.6 with several bursts above and then setttle down quiet year end roughly at 1.59

the crowded traders will soon have to re think their strategy ..
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  • #217,350
  • Mar 3, 2010 11:45am Mar 3, 2010 11:45am
Fusion..you there? This could be it for AU$ ..watching the hourly close
  • #217,351
  • Mar 3, 2010 11:52am Mar 3, 2010 11:52am
Quoting Scrat
technically, it already broke to the upside, but... i was expecting a more vigorous move.
weekly support is @ 133.47-133.15 and would be more likely tested at least once before another rally attempt.

this is most probably a complicated correction and i doubt it would get that easy to 139, IF at all. 135.50 seems more likely.

if e-usd goes up and u-j continues to go down, i don't think g-j will make a clear move. i'm out of this one.

i see a test of 130.05 first before we will see 139 .. same with UJ 87 ...
im also out of this one,but will rejoin at 130.05 for the updise attack ,and possible spike low on monthly chart ,where we might target 150/155 after it.. i have that in mind ... but to get over 139 will be real struggle ,,or we might bounce between 139 and 125/130 for a veryyy long time !!! .

i did actually mention beginning of the year alot that we wil see a low of 135 and a possible spike low to 130 and then a tortous basing ought to start.... and i tihnk it will happen. up and down between 139 and 130 ..

oh well lets see ..
im a psycho
  • #217,352
  • Mar 3, 2010 11:54am Mar 3, 2010 11:54am
Quoting zweig
fusion..if you really need to trade and want to trade the AUD..ill rather wait for 0.9175 for the short for a few pips..its a kinda strong res he will face at that level... if the double top played out,then let it go ..it might not be a double top...

enjoy
gl

myza..

here..i post it to him this morning if you get confused...
  • #217,353
  • Mar 3, 2010 1:18pm Mar 3, 2010 1:18pm
Although I think these guys are mostly morons, I saw this just now no dailyfx.com:

Gbp/Jpy: Very tough to ignore a currency that has been so beaten down and that pays a nice positive carry. The cross has dropped sharply by more than 10 big figures over the past 2 weeks and with daily studies so overextended, we like the idea of establishing a long position on a break back above Tuesday’s high. A break back above Tuesday’s high will mark an end to a series of 9 consecutive daily lower highs, and should also mark an end to a series of 9 consecutive negative closes, pending a positive close on Wednesday. The drop of 9 days also coincides with a fibonacci time sequence that would also suggest that the market pullback has stalled for now. STRATEGY: BUY @133.80 FOR AN OPEN OBJECTIVE; STOP 131.80. RECOMMENDATION TO BE REMOVED IF NOT TRIGGERED BY NY CLOSE (5PM ET) ON WEDNESDAY. POSITION SIZE SHOULD BE 3X TOTAL EQUITY.


I've been quietly long myself since 133.00 looking for 135.30 or so for target and reassessment.

check out my blog: forexmademillionaire dot com
  • #217,354
  • Mar 3, 2010 2:00pm Mar 3, 2010 2:00pm
you gotta wake up and look at the charts - the break to the upside has already happened and they are now testing support; if everything is in place and support is holding, then expect a rally to 135.50.

Quoting zweig
i see a test of 130.05 first before we will see 139 .. same with UJ 87 ...
im also out of this one,but will rejoin at 130.05 for the updise attack ,and possible spike low on monthly chart ,where we might target 150/155 after it.....
Nihil Sine Deo.
  • #217,355
  • Mar 3, 2010 2:09pm Mar 3, 2010 2:09pm
ive taken my first long here at 133.50. i will add on a convincing break of 134

my first target would be 135 to 135.50
  • #217,356
  • Mar 3, 2010 2:10pm Mar 3, 2010 2:10pm
why not even better... mortgage your car and/or your other properties and then go long with 10 times equity.

Quoting Geppy
Although I think these guys are mostly morons, I saw this just now no dailyfx.com:

[i]Gbp/Jpy: Very tough to ignore a currency that has been so beaten down and that pays a nice positive carry. The cross has dropped sharply by more than 10 big figures over the past 2 weeks and with daily studies so overextended, we like the idea of establishing a long position on a break back above Tuesday’s high. A break back above Tuesday’s high will mark an end to a series of 9 consecutive daily lower highs, and should also mark an end to a series of 9...
Nihil Sine Deo.
  • #217,357
  • Mar 3, 2010 2:23pm Mar 3, 2010 2:23pm
Well it broke one resistance but for me it still needs to break the resistance that the swing up fro that last move down put in at134 whcih sent it running today.
  • #217,358
  • Mar 3, 2010 2:25pm Mar 3, 2010 2:25pm
Quoting zweig
oh ..i thought a H&S is actually a trendreversal ? and you aswell agree this morniing with MIMU ... UL
promise me u will not smoke again ..u need brain washer
MY OPINION NOT FINANCIAL ADVISE
  • #217,359
  • Mar 3, 2010 2:33pm Mar 3, 2010 2:33pm
Quoting Scrat
why not even better... mortgage your car and/or your other properties and then go long with 10 times equity.
I thought I was the only one that didn't get their 'recommendation' of "POSITION SIZE SHOULD BE 3X TOTAL EQUITY."
  • #217,360
  • Mar 3, 2010 2:42pm Mar 3, 2010 2:42pm
im guessing they mean for a 10k account your trade should be 30k, or 3 minis. they just seem too stupid to word it properly.
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