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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 #221,221
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  • Apr 15, 2010 9:55pm Apr 15, 2010 9:55pm
  •  Geppy
  • Joined Sep 2007 | Status: Member | 6,871 Posts
Quoting special0nefx
Disliked
Morning all,
which TL is the resistance now? sorry been off for 2 days
need a quick refresh,
Oh just see small [email protected] there. LOL,
fail to close in H1, looks a good setup to 141
Ignored
Got it bud or you need a chart? 1H uptrend line broken pretty convincingly.
check out my blog: forexmademillionaire dot com
 
 
  • Post #221,222
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  • Apr 15, 2010 9:57pm Apr 15, 2010 9:57pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Geppy
Disliked
Got it bud or you need a chart? 1H uptrend line broken pretty convincingly.
Ignored
yeah bro, can see on H1, broke the support which now act as resistant. But i fancy she revisit 143.30 again then see can reach 143.50 or not.
overall will coming to test 141 but b4 that need some small retracement 1st
 
 
  • Post #221,223
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  • Apr 15, 2010 10:07pm Apr 15, 2010 10:07pm
  •  Geppy
  • Joined Sep 2007 | Status: Member | 6,871 Posts
Quoting special0nefx
Disliked
yeah bro, can see on H1, broke the support which now act as resistant. But i fancy she revisit 143.30 again then see can reach 143.50 or not.
overall will coming to test 141 but b4 that need some small retracement 1st
Ignored
Yep, I just took profit on 25% of my position and will add it back on a retracement.
check out my blog: forexmademillionaire dot com
 
 
  • Post #221,224
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  • Apr 15, 2010 10:09pm Apr 15, 2010 10:09pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Geppy
Disliked
Yep, I just took profit on 25% of my position and will add it back on a retracement.
Ignored
I see 143.3 is the place sell for setup. Now the GU and EU going test the support soon, which is not yet broken. If broke i think they may drag GJ together, since GJ upmove momentum is very weak now. See how she goes b4 london open.
 
 
  • Post #221,225
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  • Apr 15, 2010 10:11pm Apr 15, 2010 10:11pm
  •  next-move
  • | Joined Nov 2009 | Status: Member | 83 Posts
Do not let your guard down.

A short squeeze into Bank of America earnings may be in order.

The futures on the DOW are not that bad right now.

NM
 
 
  • Post #221,226
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  • Apr 15, 2010 10:14pm Apr 15, 2010 10:14pm
  •  kourtney
  • | Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts
this is going good uh? strong dowtrend coming up i would say at least 800 pips...for now im buying in this last dip. from 143 to 143.82 om gbp/jpy and also buying on eur/jpy from 125.52 to 126.02


from there will leave net shorts without hedging or scalping just shorts run for next whole week.

the GBP/JPY is following the weekly channel in a perfect way...Im bad at posting charts but i will try to post one of my strategy so u guys can comment on it...

best of trading amigos!
 
 
  • Post #221,227
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  • Apr 15, 2010 10:15pm Apr 15, 2010 10:15pm
  •  Cod
  • | Joined Feb 2010 | Status: Member | 356 Posts
I just can't imagine anyone getting too hot to buy gy right now until it hits 141. Getting ready to sell at 143.3 too
 
 
  • Post #221,228
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  • Apr 15, 2010 10:16pm Apr 15, 2010 10:16pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Cod
Disliked
I just can't imagine anyone getting too hot to buy gy right now until it hits 141. Getting ready to sell at 143.3 too
Ignored
, base on today's low, [email protected]. Possible here is a nice setup too.
 
 
  • Post #221,229
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  • Apr 15, 2010 10:33pm Apr 15, 2010 10:33pm
  •  kourtney
  • | Joined Feb 2010 | Status: Senior Forex Trader -Money Manager | 320 Posts
Quoting Cod
Disliked
I just can't imagine anyone getting too hot to buy gy right now until it hits 141. Getting ready to sell at 143.3 too
Ignored
i just buy on dips like right now i expect a small correction of 85 pips up to 143.82 then again short
 
 
  • Post #221,230
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  • Apr 15, 2010 10:40pm Apr 15, 2010 10:40pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting kourtney
Disliked
i just buy on dips like right now i expect a small correction of 85 pips up to 143.82 then again short
Ignored
downside not yet finish business
Every hour making new low, there is no setup for buy now.
 
 
  • Post #221,231
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  • Edited at 11:11pm Apr 15, 2010 10:59pm | Edited at 11:11pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Enjoy 1st
Inserted Video

Inserted Video
 
 
  • Post #221,232
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  • Apr 15, 2010 11:20pm Apr 15, 2010 11:20pm
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Cod
Disliked
I just can't imagine anyone getting too hot to buy gy right now until it hits 141. Getting ready to sell at 143.3 too
Ignored
Now need another 30pip to fullfill your wish. Anyway prefer let it pass over 1st...U-turn only catch it, because i don't think london session like this move since they have election, may try to push up a bit. Jusy my sense only. GL all.
 
 
  • Post #221,233
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  • Apr 15, 2010 11:49pm Apr 15, 2010 11:49pm
  •  england33
  • Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
I told you guys the dow would never go back below 8k again. not soon anyway (I said that way back when). I just had to bring that up because I remember it was here I was told I don't know what i'm talking about and we were throwing punches at each other. I guess I apparently do know what I'm talking about and I also said dow would go through 11k sometime this year and yet again this "unseasoned trader" is completely right. I was completely right with the bull scenario. Let's see looks like dow is much higher than 11k and many were saying it was going to fall back below 10k and even much lower (cough cough).. They are still the experts somehow and I suppose by that twisted logic I still don't know what I'm saying. Perhaps it was just luck.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
 
 
  • Post #221,234
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  • Apr 16, 2010 12:55am Apr 16, 2010 12:55am
  •  lolygagv2
  • | Joined Feb 2010 | Status: Member | 427 Posts
Quoting england33
Disliked
I told you guys the dow would never go back below 8k again....
Ignored

As they say, it's better be lucky in this business than smart. And the old proverb "Even a blind pig finds on occasional truffle"
 
 
  • Post #221,235
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  • Apr 16, 2010 12:59am Apr 16, 2010 12:59am
  •  Scrat
  • Joined Jan 2007 | Status: Member | 3,719 Posts
maybe. but don't hold your breath just yet. if a "natural" calamity occurs... you never know.

Quoting england33
Disliked
I told you guys the dow would never go back below 8k again....
Ignored
Nihil Sine Deo.
 
 
  • Post #221,236
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  • Apr 16, 2010 1:01am Apr 16, 2010 1:01am
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Scrat
Disliked
maybe. but don't hold your breath just yet. if a "natural" calamity occurs... you never know.
Ignored
Hi Scrat, how's your day? Happy pipping
 
 
  • Post #221,237
  • Quote
  • Apr 16, 2010 1:07am Apr 16, 2010 1:07am
  •  Geppy
  • Joined Sep 2007 | Status: Member | 6,871 Posts
Quoting Geppy
Disliked
Yep, I just took profit on 25% of my position and will add it back on a retracement.
Ignored
Planning to add the shorts back on at 143.40
check out my blog: forexmademillionaire dot com
 
 
  • Post #221,238
  • Quote
  • Apr 16, 2010 1:11am Apr 16, 2010 1:11am
  •  special0nefx
  • | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Quoting Geppy
Disliked
Planning to add the shorts back on at 143.40
Ignored
itych hand click click , wait 1st bro, frankfurt is going open in 1 hours. May higher a bit 143.5 there. London surely get shock later
 
 
  • Post #221,239
  • Quote
  • Apr 16, 2010 1:19am Apr 16, 2010 1:19am
  •  Geppy
  • Joined Sep 2007 | Status: Member | 6,871 Posts
Quoting special0nefx
Disliked
itych hand click click , wait 1st bro, frankfurt is going open in 1 hours. May higher a bit 143.5 there. London surely get shock later
Ignored
Honestly, I don't care... here's why:

Since I took 25% off already instead of holding my entire position I essentially banked pips I wouldn't be getting. Is it worth me "risking" waiting another 10 pips to miss getting my position back on and losing out on the next down move? To some maybe, but to me no. Considering I'd be holding my shorts right now regardless and watching my paper profits dwindle I'd rather take out the 40+ pips in the middle I made on 25% and put it back. As long as I'm putting it back on for 4 pips (the spread) higher than where I took profit on them it's a smart move. at 143.40 I'm already doing 10x that.

It's not a matter of "itchy fingers" but rather logic applied to costs vs. benefits. I'll trade my way, you trade yours... my average is 144.10 and I'm pretty comfortable with that.
check out my blog: forexmademillionaire dot com
 
 
  • Post #221,240
  • Quote
  • Apr 16, 2010 1:26am Apr 16, 2010 1:26am
  •  Traderdesk
  • | Commercial Member | Joined Feb 2010 | 189 Posts
Well yesterdays 145 level was tested and reject AGAIN.... So far we have been treading water to see which direction we will break on the daily and this has led to the daily picture being indecisive...but for the moment the bias has turned more bearish once again....We are right in the damn trading range...

When that happens it is always good to look at your bias on your weekly chart and we are above the UTL at the moment. Also the weekly chart is still trending higher both on the low and high of this bar vs previous bar... Bias is still bullish in momentum unless PA breaks 140 and we close the bar below 145...

Month chart is now also on the verge of turning into a bullish bias as well... This month shall tell the action...
Traderdesk -
 
 
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