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

  • #217,661
  • Mar 8, 2010 7:36am Mar 8, 2010 7:36am
Ranging as thought before , nothing special but closed most shorts taken on friday .Expecting more to down before up again.counts here
http://www.forexfactory.com/showpost...27&postcount=9
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,662
  • Mar 8, 2010 8:08am Mar 8, 2010 8:08am
looking for a good price to short!
  • #217,663
  • Mar 8, 2010 8:40am Mar 8, 2010 8:40am
Quoting ukdaytrader
Here's what I see for the coming few sessions.....

chart
Attachment
im praying you right cos that would get me out at even on the 2 shorts im stuck in at 134.47 and 135.21. but i dont have much more room for it to go up before im screwed. if i can last till asia it might be ok. just get the feeling ny is gong to send it up as they blindly buy stocks as usual.
  • #217,664
  • Mar 8, 2010 8:46am Mar 8, 2010 8:46am
nooo im in @ short too
  • #217,665
  • Mar 8, 2010 8:49am Mar 8, 2010 8:49am
Quoting ewokuk
im praying you right cos that would get me out at even on the 2 shorts im stuck in at 134.47 and 135.21. but i dont have much more room for it to go up before im screwed. if i can last till asia it might be ok. just get the feeling ny is gong to send it up as they blindly buy stocks as usual.
Shame you don't have the margin to hold.
Put it this way, fast moves like the NFP one last week are usually retraced 100% AND even if this one isn't, the breakout level is usually tested again. (134.8) min.

I'm still short bias tbh, but can hedge if we spike higher.
  • #217,666
  • Mar 8, 2010 9:50am Mar 8, 2010 9:50am
Quoting ukdaytrader
Shame you don't have the margin to hold.
Put it this way, fast moves like the NFP one last week are usually retraced 100% AND even if this one isn't, the breakout level is usually tested again. (134.8) min.

I'm still short bias tbh, but can hedge if we spike higher.
thats one of the reaosn i held it at the time, nfp move was against trend and news driven moves against trend usually reverse 100%. granted it was oversold and needed the retrace. well weve had the retrace now hopefully! i did hedge part of it with a long audjpy so got reasonable profit but closed that far too early.

its looking REAL good for me at the moment (im also stuck short in cable at 1.5000 which was just a dumb entry also on nfp).

ill be absolutely delighted if this keeps going. ill GLADLY jump out at break even to re-assess.

come baby come to daddy
  • #217,667
  • Mar 8, 2010 10:01am Mar 8, 2010 10:01am
chop chop... no clear direction.
vwap for the day stands @ 136.90, with pvp @ 137.00. since we are below, the overall bias is bearish and i believe we will see a test of the breakout area.
no trade for me until we clear this -
Nihil Sine Deo.
  • #217,668
  • Mar 8, 2010 10:19am Mar 8, 2010 10:19am
it seems that we have a decent support in place @ 133.15 - 133.45 for the month; next support is @ 134.25 area.
on the upside, first resistance is 137.80 and next is @ 139/141.

no longs until daily pvp & vwap are cleared with a break to the upside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g-jpy_h4.gif Size: 23 KB
Click to Enlarge Name: g-jpy_m5.gif Size: 20 KB
Nihil Sine Deo.
  • #217,669
  • Mar 8, 2010 10:21am Mar 8, 2010 10:21am
1H trend line broken. Still waiting on my target of 135.50 from some shorts I initiated last week.
check out my blog: forexmademillionaire dot com
  • #217,670
  • Mar 8, 2010 10:21am Mar 8, 2010 10:21am
Quoting mr-T
Hey guys I would like to join in if that is ok?


riggot is absolutely spot on.The carry trade has unwound and for this trend to reverse to the up side would be highly unlikely (would take an extreme amnt of effort), that being said I had several positions from the 150-151 and holding one small position for the test of the lows, I am anticipating a rather large retrace but will not be daily trend reversal. I have given up yrs ago on predicting the exact pnt it will retrace to so I am going to get out my shot gun and be ready. First entry is very...

First entry 135.26 I will take profit on second entry @ 135.20 and be in a no risk trade until 137.75 is hit (all shorts and with daily trend)
  • #217,671
  • Mar 8, 2010 10:26am Mar 8, 2010 10:26am
Hi Scrat,

Would it be possible for me to get your volume indicator?
Thanks
Dean

PS On trading I wanted to go short a few hours ago but got caught up on something else and now it looks too late in the game?


Quoting Scrat
it seems that we have a decent support in place @ 133.15 - 133.45 for the month; next support is @ 134.25 area.
on the upside, first resistance is 137.80 and next is @ 139/141.

no longs until daily pvp & vwap are cleared with a break to the upside.
  • #217,672
  • Mar 8, 2010 10:37am Mar 8, 2010 10:37am
stay out for now. i expect a test of support and the another possible rally, but we'll see. anything can happen and price might as well drop like a stone from here...
indicator attached, but you will need to customize it to look like mine and i don't have time to explain now, sorry.

Quoting dean walker
Hi Scrat,

Would it be possible for me to get your volume indicator?
Thanks
Dean

PS On trading I wanted to go short a few hours ago but got caught up on something else and now it looks too late in the game?
Attached File(s)
File Type: mq4 Market_Statistics_v3.mq4   9 KB | 380 downloads
Nihil Sine Deo.
  • #217,673
  • Mar 8, 2010 10:40am Mar 8, 2010 10:40am
Thanks Amigo I will play with it when I have time..


Quoting Scrat
stay out for now. i expect a test of support and the another possible rally, but we'll see. anything can happen and price might as well drop like a stone from here...
indicator attached, but you will need to customize it to look like mine and i don't have time to explain now, sorry.
  • #217,674
  • Edited 11:17am Mar 8, 2010 10:44am | Edited 11:17am
Quoting Fudomyo
...135.75 area or slightly lower for a test around 135.6 to establish the bull channel ltl for continuation up.
closed short 135.70.
took cheeky long. tight sl.
  • #217,675
  • Mar 8, 2010 10:45am Mar 8, 2010 10:45am
Cool Volume indicator, Scrat.
Quoting Scrat
stay out for now. i expect a test of support and the another possible rally, but we'll see. anything can happen and price might as well drop like a stone from here...
indicator attached, but you will need to customize it to look like mine and i don't have time to explain now, sorry.
  • #217,676
  • Mar 8, 2010 10:57am Mar 8, 2010 10:57am
Wow your not kidding Scrat I will wait for you to give me the settings. I took a look and have no idea where to start with this one..
Thanks again
Dean


Quoting Scrat
stay out for now. i expect a test of support and the another possible rally, but we'll see. anything can happen and price might as well drop like a stone from here...
indicator attached, but you will need to customize it to look like mine and i don't have time to explain now, sorry.
  • #217,677
  • Mar 8, 2010 11:05am Mar 8, 2010 11:05am
out here. enough fun for one day.

ewokuk, I hope we get close to BE or an area you feel is ok to take an acceptable loss. sometimes is better.

not sure how low we'll drop...


anyway, best of luck.
  • #217,678
  • Mar 8, 2010 11:16am Mar 8, 2010 11:16am
Quoting OrionsWay
cad longs u/c buyers will be rewarded handsomely best R;R right now SL can be pretty tight but out of reach

shuldnt breach i would think the 941 retracement on daily swing

im in 1.0283

Did anyone buy the longs???

i got more at 56
"Millionaires don't use astrology, billionaires do"
  • #217,679
  • Mar 8, 2010 11:19am Mar 8, 2010 11:19am
Quoting Scrat
it seems that we have a decent support in place @ 133.15 - 133.45 for the month; next support is @ 134.25 area.
on the upside, first resistance is 137.80 and next is @ 139/141.

no longs until daily pvp & vwap are cleared with a break to the upside.
In my opinion, it's up from here.
The trend reversal is there to stay for the medium term at least. It shall make a reach for the 38.2% fibo drawn on my chart (i hope).
If it breaks the 50%, then we may have a complete wipeout of the pounding that the sterling has gotten since the political debacle and the greek fiasco and a beautiful comeback.
Attached Image (click to enlarge)
Click to Enlarge Name: upfromhere.gif Size: 23 KB
  • #217,680
  • Mar 8, 2010 11:26am Mar 8, 2010 11:26am
too early.
check out my blog: forexmademillionaire dot com
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