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

  • #217,581
  • Mar 5, 2010 10:34am Mar 5, 2010 10:34am
Never ever pick TOP or BOTTOM with this monster.

Quoting Tsui
damn i lost quite alot from shorting GJ cause i thought a retracement was due............
I don't CARE how many DOLLAR you earn, I just care how LONG you can TRADE
  • #217,582
  • Mar 5, 2010 10:34am Mar 5, 2010 10:34am
It is approaching the WPP at 137.20

if you are in profit..take profit



Quoting dean walker
??? you think she will go up to 138 today?
[
  • #217,583
  • Mar 5, 2010 10:35am Mar 5, 2010 10:35am
Quoting Tsui
damn i lost quite alot from shorting GJ cause i thought a retracement was due............
There should be a retracement starting any time now ... On UJ, 90.62 is the 61.8% retracement of the 92.15/88.14 drop, but we got that silly EURUSD rallying, although it just hit/popped over the DPP. Assuming you're trading 2%-4% on GJ, in PA like this, you need to be prepared for 100-150 overshoots, but I'd expect PA towards 134 is possible next week - as pointed out by Jhon, it looks to be a pretty solid base.
  • #217,584
  • Mar 5, 2010 10:35am Mar 5, 2010 10:35am
looking at my chart not even a little retrace since on it's way up from 134.45




Quoting Tsui
anyway, im guessing it will retrace 50-100 pips before another up again?
  • #217,585
  • Mar 5, 2010 10:37am Mar 5, 2010 10:37am
Quoting dean walker
??? you think she will go up to 138 today?

If you bought the bottom hang tight lots to come buy more on the pullbacks,
compile a position
"Millionaires don't use astrology, billionaires do"
  • #217,586
  • Mar 5, 2010 10:37am Mar 5, 2010 10:37am
Quoting Beljevina
There should be a retracement starting any time now ... On UJ, 90.62 is the 61.8% retracement of the 92.15/88.14 drop, but we got that silly EURUSD rallying, although it just hit/popped over the DPP. Assuming you're trading 2%-4% on GJ, in PA like this, you need to be prepared for 100-150 overshoots, but I'd expect PA towards 134 is possible next week - as pointed out by Jhon, it looks to be a pretty solid base.

hmm alright! thanks, i guess it will go down before reaching 139 area
  • #217,587
  • Mar 5, 2010 10:39am Mar 5, 2010 10:39am
not really I trade the eur/usd I just came over here because I was going to asleep..
all the action today been on the yen in all yen currencies




Quoting Beljevina
There should be a retracement starting any time now ... On UJ, 90.62 is the 61.8% retracement of the 92.15/88.14 drop, but we got that silly EURUSD rallying, although it just hit/popped over the DPP. Assuming you're trading 2%-4% on GJ, in PA like this, you need to be prepared for 100-150 overshoots, but I'd expect PA towards 134 is possible next week - as pointed out by Jhon, it looks to be a pretty solid base.
  • #217,588
  • Mar 5, 2010 10:40am Mar 5, 2010 10:40am
Quoting Tsui
138? what! IMO i doubt its possible
They don't call it the beast for nothing. Retracement is due but look back on your charts and you will find plenty of 400+ pip days on GJ. Don't get caught with your pants down when it comes to geppy!! Cut losses quick.
  • #217,589
  • Mar 5, 2010 10:40am Mar 5, 2010 10:40am
Well when it just hit .3705 I put in a 2 lot short so we will see

Maybe i should give you my emergency numbers huh!


Quoting Tsui
hmm alright! thanks, i guess it will go down before reaching 139 area
  • #217,590
  • Mar 5, 2010 10:42am Mar 5, 2010 10:42am
Quoting OrionsWay
If you bought the bottom hang tight lots to come buy more on the pullbacks,
compile a position
history repeating again bro ..last year march gj was at this price . and got smash by buyers.
MY OPINION NOT FINANCIAL ADVISE
  • #217,591
  • Mar 5, 2010 10:45am Mar 5, 2010 10:45am
Quoting dean walker
Well when it just hit .3705 I put in a 2 lot short so we will see

Maybe i should give you my emergency numbers huh!
DAMN man, just now when it was rising, i shorted it cause i expected a retrace... but i cut losses but still lost quite alot....
now im short from 3680 around there..
Dont know what to expect from geppy.. any idea?
  • #217,592
  • Mar 5, 2010 10:45am Mar 5, 2010 10:45am
Thanks bro could have said it before put my short in..just kidding..if I win I win if I loose i loose..it's more fun here when you can afford yo play in your game..
I think Monster suits the pair perfectly..
I keep thinking of the old Godzilla moves with terrible English dubbing..


Quoting uksnowman
They don't call it the beast for nothing. Retracement is due but look back on your charts and you will find plenty of 400+ pip days on GJ. Don't get caught with your pants down when it comes to geppy!! Cut losses quick.
  • #217,593
  • Mar 5, 2010 10:48am Mar 5, 2010 10:48am
Well it's hard for me to trade this pair freking FXopen broker takes 7 pips just to get in on 2 lots thats$140!

The other problem this monster runs so dam fast it's hard to pull the trigger or to know when to pull the trigger


Quoting Tsui
DAMN man, just now when it was rising, i shorted it cause i expected a retrace... but i cut losses but still lost quite alot....
now im short from 3680 around there..
Dont know what to expect from geppy.. any idea?
  • #217,594
  • Mar 5, 2010 10:50am Mar 5, 2010 10:50am
Quoting dean walker
Well it's hard for me to trade this pair freking FXopen broker takes 7 pips just to get in on 2 lots thats$140!

The other problem this monster runs so dam fast it's hard to pull the trigger or to know when to pull the trigger
i was looking at my 1min 5 min and 15 min charts and was kinda shock why a retracement wasnt due.. anyway looking at 15 min chart, i believe it should come down a lil.. and its slightly retracing now too
  • #217,595
  • Mar 5, 2010 10:51am Mar 5, 2010 10:51am
Quoting rgitt05
Wait for London closing at 12pm...Retracement is due..4hr OB

138 is my TP based on my daily chart b4 PB

Thanks a lot. I am awake, its 2am here.
  • #217,596
  • Edited 11:21am Mar 5, 2010 10:52am | Edited 11:21am
Quoting dean walker
Thanks bro could have said it before put my short in..just kidding..if I win I win if I loose i loose..it's more fun here when you can afford yo play in your game..
I think Monster suits the pair perfectly..
I keep thinking of the old Godzilla moves with terrible English dubbing..
lol yeah geppyzilla would be good haha. Probably plenty of traders losing more than their shirts today I guess. Best to wait for GJ to hit strong resistance and then take it short when it's on the way back down rather than short when it's rising and 'expect' it to stop at daily range or something like that. I still get caught unaware with this pair but slowly getting used to it! Key to success is still within MM as many will say here. For CT trades, first trade small position then add when confirmed, just my two penneth.
  • #217,597
  • Mar 5, 2010 10:52am Mar 5, 2010 10:52am
Congrats to all longs, but there is bugger-all volume in this upmove. This means one of 2 things:

1, Big dogs offloaded their shorts last week and went long at higher prices as GY fell.

OR

2, Big dogs exited their shorts last week and went into wait and see mode.

I would vote 2, which flies in the face of this PA, but I would not risk longs right now.

As RG has been saying, looks like a case of big boys wanting a better price to short from.

Let's see..
  • #217,598
  • Mar 5, 2010 10:52am Mar 5, 2010 10:52am
Please do not say that again..it has great ears!


Quoting Tsui
i was looking at my 1min 5 min and 15 min charts and was kinda shock why a retracement wasnt due.. anyway looking at 15 min chart, i believe it should come down a lil.. and its slightly retracing now too
  • #217,599
  • Mar 5, 2010 10:54am Mar 5, 2010 10:54am
LOL, anyway i shorted on GU too.
  • #217,600
  • Mar 5, 2010 10:55am Mar 5, 2010 10:55am
I am going to scale in another lot
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