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

  • #219,801
  • Mar 30, 2010 9:16am Mar 30, 2010 9:16am
Quoting profxtrader
Is it me or do all of the JPY pairs look a little toppy? I think we may be in for a ride down. The GBPJPY has been defying gravity for far too long.
Looks like it may have already begun!
Every time you use 'hopium' in a post, God kills a kitten.
  • #219,802
  • Mar 30, 2010 9:17am Mar 30, 2010 9:17am
Quoting shiva
Gann lines??
No , simple Trend lines and channels
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #219,803
  • Mar 30, 2010 9:19am Mar 30, 2010 9:19am
gj1h
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  • #219,804
  • Mar 30, 2010 9:21am Mar 30, 2010 9:21am
keep in mind that we have nfp at the end of the week. this rally means big boys are positioning themselves.
Nihil Sine Deo.
  • #219,805
  • Mar 30, 2010 9:23am Mar 30, 2010 9:23am
Quoting winn
did u see below old message to u?

http://cdn.forexfactory.com/images/icons/icon1.gif to Geppy:
How many pairs do you trade now?
I have 2 pairs open, GU and GJ, and I can open one for EJ, if I like?
do you trade one pair at one time? or 2-3 pairs together? like above I mentioned
__________________
Sorry bud, somehow I missed this one...

I trade any pairs really. Some I have a better pulse on then others simply because I trade them more often. For example, I trade GBP/JPY much more often than anything else and feel most comfortable with this pair's personality if you will. But I trade pretty much anything where I see a good technical set-up.

You can trade multiple pairs together but be mindful of the potential correlations between pairs so as not to put yourself too far on one side. Right now I have positions in GBP/JPY, EUR/USD, USD/CAD and AUD/USD... looking to trade NZD/USD perhaps in the next couple days. I'm basically always scanning different pairs for set-ups.

Hope that helps... you can always PM me.
check out my blog: forexmademillionaire dot com
  • #219,806
  • Mar 30, 2010 9:27am Mar 30, 2010 9:27am
Seem like this Daily still in play until we see a big move on NFP
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  • #219,807
  • Mar 30, 2010 9:33am Mar 30, 2010 9:33am
I don't usually draw all these fun little things on here, but I'm bored so why not right? This is what I'm seeing based on the daily. We're up against a heavy resistance zone. There's no exact point but you can see how we had this area act as support for a long time and should provide some sort of resistance at least once here. Then we have a daily uptrend line and a daily downtrend line that we cracked and have yet to really retest as support. As you can see from the arrow, it would make sense to retest the intersection of these two trend lines in the low 136 area. If we hold there (my bias is that we would), I see us taking another run up at current levels and potentially pushing through the resistance zone of 141-143 or thereabouts.

Just something to consider/watch...
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check out my blog: forexmademillionaire dot com
  • #219,808
  • Mar 30, 2010 9:36am Mar 30, 2010 9:36am
Quoting profxtrader
Looks like it may have already begun!
Afraid not
  • #219,809
  • Mar 30, 2010 9:37am Mar 30, 2010 9:37am
this is a nice trending day and we haven't seen the top yet. daily profile is suggesting a possible consolidation in this area, so expect some ranging for the next couple of hours until pvp jumps here - 140.25.
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Nihil Sine Deo.
  • #219,810
  • Mar 30, 2010 9:38am Mar 30, 2010 9:38am
Quoting shiva
Afraid not
Ummm....
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Every time you use 'hopium' in a post, God kills a kitten.
  • #219,811
  • Mar 30, 2010 9:41am Mar 30, 2010 9:41am
Quoting Geppy
I don't usually draw all these fun little things on here, but I'm bored so why not right? This is what I'm seeing based on the daily. We're up against a heavy resistance zone. There's no exact point but you can see how we had this area act as support for a long time and should provide some sort of resistance at least once here. Then we have a daily uptrend line and a daily downtrend line that we cracked and have yet to really retest as support. As you can see from the arrow, it would make sense to retest the intersection of these two trend lines...
ya, same view here. All resistant is break. Now can see that is going try reach 142.33 there. If close above there, i looking higher target may go till 147 there.
As for my own view, i hope after a touch 142.33 there, it will bounce back and straight to 128 which is the major place there. It is my all time aim and plan. Well we see how it close for this week. Cheers.... Happy pips pips all
  • #219,812
  • Mar 30, 2010 9:46am Mar 30, 2010 9:46am
Short Gj 140.25 i know its very much Bullish but i am entered with SL of 140.75 which is Major Resistance so let see how it goes expecting it to be down till 139.20 ..closed longs few min ago..enter short for short term as soon as it will retrace i will close it because GJ is looking more up...

thanks

Ub
  • #219,813
  • Mar 30, 2010 9:50am Mar 30, 2010 9:50am
Quoting ubaidahsan
Short Gj 140.25 i know its very much Bullish but i am entered with SL of 140.75 which is Major Resistance so let see how it goes expecting it to be down till 139.20 ..closed longs few min ago..enter short for short term as soon as it will retrace i will close it because GJ is looking more up...

thanks

Ub
Good Luck
  • #219,814
  • Mar 30, 2010 10:03am Mar 30, 2010 10:03am
Quoting shiva
Afraid not
I still kind of think it has. Time will tell though. Correlation and resistance look good.
Every time you use 'hopium' in a post, God kills a kitten.
  • #219,815
  • Mar 30, 2010 10:04am Mar 30, 2010 10:04am
gj1h
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  • #219,816
  • Mar 30, 2010 10:10am Mar 30, 2010 10:10am
Quoting naatha
gj1h
I have no idea what I would even begin to look at on that chart. It's a bit overwhelming. I trade with 2 indicators and a bunch of lines I draw
Every time you use 'hopium' in a post, God kills a kitten.
  • #219,817
  • Mar 30, 2010 10:16am Mar 30, 2010 10:16am
arrows for you
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  • #219,818
  • Mar 30, 2010 10:19am Mar 30, 2010 10:19am
Quoting naatha
arrows for you
I still don't understand the logic and such, but that's fine. So long as it makes you money.
Every time you use 'hopium' in a post, God kills a kitten.
  • #219,819
  • Mar 30, 2010 10:39am Mar 30, 2010 10:39am
Quoting profxtrader
I still don't understand the logic ...
Seems to me like those 95% everyone speaks of are always trying to find an uptrend in a downtrend or a downtrend in an uptrend.
Dao De Jing Chapter 1


Dao may be accepted as "Dao", but that would conflict with the constant motion of Dao.
A name may be accepted as a "Name", but that would conflict with the constant motion of what's been given a name.

Everything started out without needing to be named or categorized.
When they were seen as things that needed to be nurtured, they were then given names.

Therefore:
If you constantly have the attitude of not wanting anything, then you'd look at even the smallest thing as being significant.
If you constantly have the attitude of wanting things, then you'd look at the boundaries and limits.

Both of those attitudes can fit together with each other, even though they're thought to be quite different.
Trying to fit them together is said to be one of the most profound mysteries.
That's the doorway to even more mysteries.
http://www.daoisopen.com/Chapter1.html

Yin in Yang and Yang in Yin, things change their way constantly.
  • #219,820
  • Mar 30, 2010 10:53am Mar 30, 2010 10:53am
Quoting Scrat
keep in mind that we have nfp at the end of the week. this rally means big boys are positioning themselves.
Could just be a shakeout for weak shorts...
check out my blog: forexmademillionaire dot com
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