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

  • #221,441
  • Apr 19, 2010 12:25pm Apr 19, 2010 12:25pm
Quoting naatha
juct a pic
Nearly same
  • #221,442
  • Apr 19, 2010 1:17pm Apr 19, 2010 1:17pm
Quoting Geppy
I'm still holding a long scalp from 139.75 and waiting for target of 141.40... I don't think we'll see a ton more movement today, perhaps some more grinding up to finish what I see as the most recent retracement and consolidation. I'll watch Asia tonight and most likely start building a short position for another leg down. A quick look at the daily in my opinion shows that we're still headed lower before (or if) we go back up for new highs...
Took the longs off slightly ahead of target. I just don't like the looks of things right now and don't have access to my own charts so I thought it better to bank the 150+ pips for now.
check out my blog: forexmademillionaire dot com
  • #221,443
  • Apr 19, 2010 1:25pm Apr 19, 2010 1:25pm
Well I think this smal consolidtion will only create a flag and another hard downtrend I'm shorting already and averaging another short for every 20 pips the pair goes up. my target is 138.52... I;m just going to hate the rollover charge sux!
  • #221,444
  • Apr 19, 2010 1:36pm Apr 19, 2010 1:36pm
officially closed.
check out my blog: forexmademillionaire dot com
  • #221,445
  • Apr 19, 2010 1:39pm Apr 19, 2010 1:39pm
I have ibfx and my friday gap was 141.75 so I am holding out for there to short.
  • #221,446
  • Apr 19, 2010 1:50pm Apr 19, 2010 1:50pm
Quoting Geppy
officially closed.
lol. Not quite my end. Broco and Oanda)

Friday close 141.55. Last candle high 141.47.
  • #221,447
  • Apr 19, 2010 2:16pm Apr 19, 2010 2:16pm
Quoting kourtney
Well I think this smal consolidtion will only create a flag and another hard downtrend I'm shorting already and averaging another short for every 20 pips the pair goes up. my target is 138.52... I;m just going to hate the rollover charge sux!
it looks like 5 wave structure is accomplished on 5min TF with 141.6 as per top, not sure about 138.5 but some downward action should be available now.
also it is very important how geppy will be closed after NY on daily
  • #221,448
  • Apr 19, 2010 2:22pm Apr 19, 2010 2:22pm
Quoting ukdaytrader
lol. Not quite my end. Broco and Oanda)

Friday close 141.55. Last candle high 141.47.

Hi mate....50ema is sitting at last week closing price on 1hr chart and i feel the gap as closed now cus is just 20pips away from last week closing price..
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gj.png Size: 17 KB
MY OPINION NOT FINANCIAL ADVISE
  • #221,449
  • Apr 19, 2010 3:11pm Apr 19, 2010 3:11pm
FXCM here and gap is closed too and consolidating but I think will resume downtrend 138.52 and 135.52 my targets what about you guys?
  • #221,450
  • Apr 19, 2010 3:21pm Apr 19, 2010 3:21pm
Quoting kourtney
FXCM here and gap is closed too and consolidating but I think will resume downtrend 138.52 and 135.52 my targets what about you guys?
I can't tell for certain as I'm not in front of my home charts right now but I think 142.15 is the area I'll probably start slapping the sell button pretty hard. If you look at my previously posted chart with the 30minute down channel you can see we've re-entered it. I'm expecting a test of the upper trendline where the 50% fib retracement level comes in from the most recent drop... this is about 142.15/20 area. I'll definitely hit it with a good sell there and see how she reacts. If we start to faulter I'll throw the farm at her.
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  • #221,451
  • Apr 19, 2010 3:28pm Apr 19, 2010 3:28pm
Quoting kourtney
FXCM here and gap is closed too and consolidating but I think will resume downtrend 138.52 and 135.52 my targets what about you guys?
my view is somewhat mixed: if there will not be a drop within next couple of hours then we might expect test of 142.2/142.5 and from there might be short opt;
  • #221,452
  • Apr 19, 2010 3:34pm Apr 19, 2010 3:34pm
Quoting Geppy
I can't tell for certain as I'm not in front of my home charts right now but I think 142.15 is the area I'll probably start slapping the sell button pretty hard. If you look at my previously posted chart with the 30minute down channel you can see we've re-entered it. I'm expecting a test of the upper trendline where the 50% fib retracement level comes in from the most recent drop... this is about 142.15/20 area. I'll definitely hit it with a good sell there and see how she reacts. If we start to faulter I'll throw the farm at her.

Ya, I jumped on one short at 141.75. I think if 75 holds it may turn it around here. If not then yes I would say 142.15 is next.
  • #221,453
  • Apr 19, 2010 5:00pm Apr 19, 2010 5:00pm
Quoting Cod
Ya, I jumped on one short at 141.75. I think if 75 holds it may turn it around here. If not then yes I would say 142.15 is next.

well we reached 141.98 so i placed my target at 142.15 lets see if we have a this small longs covered and then go heavy on shorts
  • #221,454
  • Apr 19, 2010 5:10pm Apr 19, 2010 5:10pm
I closed my long gbpjpy for 55 pips at 141.89, then went short and closed that at 141.70. I'm flat for a while....

Happy pippin'!

  • #221,455
  • Apr 19, 2010 5:30pm Apr 19, 2010 5:30pm
the 4hr chart was a real ball breaker the last 2 times up ... 145.50 and maybe a little higher.
  • #221,456
  • Apr 19, 2010 5:31pm Apr 19, 2010 5:31pm
So to all of you posters that have tons of experience.... Who do you think is buying the pound and why?
Luck has no place in trading. Leave that for the poker table.
  • #221,457
  • Apr 19, 2010 5:32pm Apr 19, 2010 5:32pm
sorry, typo .... 142.50
  • #221,458
  • Apr 19, 2010 5:34pm Apr 19, 2010 5:34pm
well i couldn't care less because my goal is to ride the trend and book as much profit as i can. but then again... i don't have tons of experience

Quoting Pair-me-up
So to all of you posters that have tons of experience.... Who do you think is buying the pound and why?
Nihil Sine Deo.
  • #221,459
  • Apr 19, 2010 5:38pm Apr 19, 2010 5:38pm
Agreed
Luck has no place in trading. Leave that for the poker table.
  • #221,460
  • Apr 19, 2010 6:30pm Apr 19, 2010 6:30pm
I'm short again at 141.76....looking for 25-40 pips....or more!
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