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

  • #222,321
  • Apr 23, 2010 10:37am Apr 23, 2010 10:37am
Ya, next spike up I am closing all my longs.
  • #222,322
  • Apr 23, 2010 10:53am Apr 23, 2010 10:53am
guys, you shouldn't think like that. this chart doesn't say bearish, it says bullish - for now. buy the dips...

monday did the trick... we had a bearish weekly close, but after monday closed above it, the bias was bullish all along... and although i saw it i just didn't want to believe in it.

let's see how this week will close, and then what's next on monday. but as long as we don't get a daily close below last week close, i can't think bearish. and even then... there's a lot of support to break on the way down.
Nihil Sine Deo.
  • #222,323
  • Apr 23, 2010 10:57am Apr 23, 2010 10:57am
Quoting Scrat
guys, you shouldn't think like that. this chart doesn't say bearish, it says bullish - for now. buy the dips...

monday did the trick... we had a bearish weekly close, but after monday closed above it, the bias was bullish all along... and although i saw it i just didn't want to believe in it.

let's see how this week will close, and then what's next on monday. but as long as we don't get a daily close below last week close, i can't think bearish. and even then... there's a lot of support to break on the way down.
Good, now I can feel confident being bearish knowing sentiment is changing
check out my blog: forexmademillionaire dot com
  • #222,324
  • Apr 23, 2010 11:01am Apr 23, 2010 11:01am
Ya I changed my mind about closing longs. It just closed an h4 above the weekly 35sma which was 65.

Going to hold on for a while yet.
  • #222,325
  • Apr 23, 2010 11:03am Apr 23, 2010 11:03am
Quoting Scrat
guys, you shouldn't think like that. this chart doesn't say bearish, it says bullish - for now. buy the dips...

monday did the trick... we had a bearish weekly close, but after monday closed above it, the bias was bullish all along... and although i saw it i just didn't want to believe in it.

let's see how this week will close, and then what's next on monday. but as long as we don't get a daily close below last week close, i can't think bearish. and even then... there's a lot of support to break on the way down.
usually 200 SMA considered as mean for any security, which fluctuates around that mean, so my bias is bearish until price will not prove bullish by closing over 200 SMA on daily and confirming that
  • #222,326
  • Apr 23, 2010 11:04am Apr 23, 2010 11:04am
i guess big boys were waiting for me to change my mind so they can drop it like it's hot. yeah that's a good indicator.

but as i said, i did not change my view to bullish - i just admitted that i wasn't looking at the charts the way i should have. if i see the right p.a. i won't hesitate to jump aboard the south train.

Quoting Geppy
Good, now I can feel confident being bearish knowing sentiment is changing
Nihil Sine Deo.
  • #222,327
  • Apr 23, 2010 11:04am Apr 23, 2010 11:04am
Gonna give th h4 and daily divergence a shot...everybody say BULLLL..this monster will finally decide to go down
Attached Image(s) (click to enlarge)
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  • #222,328
  • Apr 23, 2010 11:05am Apr 23, 2010 11:05am
Quoting Scrat
i guess big boys were waiting for me to change my mind so they can drop it like it's hot. yeah that's a good indicator.

but as i said, i did not change my view to bullish - i just admitted that i wasn't looking at the charts the way i should have. if i see the right p.a. i won't hesitate to jump aboard the south train.
haha "big boys"... you forget I'm just a n00b trading a micro account
check out my blog: forexmademillionaire dot com
  • #222,329
  • Apr 23, 2010 11:08am Apr 23, 2010 11:08am
Quoting Geppy
This entire rally definitely continues to be impressive but there's still a lot of wood to chop at this price level and I'm not betting on longs until a convincing break of 145.00
Among other things thats why, imho breakout cannot be done on last friday session, maybe i am wrong but for me is short.
My SL are very big so i do not want to suggest anything.
  • #222,330
  • Apr 23, 2010 11:23am Apr 23, 2010 11:23am
Unless something dramatic happens in the next 4 hours I'm not going to guess. As I said before, it's going to happen over the weekend. I'm presuming the Euro is going to get a rescue from Beelzebub himself.

I've now only got 1 non GY trade running, but it's a fairly safe long term trade, but I will be putting a tight SL on...just in case.

I'm not this type of gambler, I at least want a level playing field.

Best of luck guys/gals/noobs/seniors see you trading on Monday morning.
  • #222,331
  • Apr 23, 2010 11:31am Apr 23, 2010 11:31am
and i'm even noobier trading a pico account

Quoting Geppy
haha "big boys"... you forget I'm just a n00b trading a micro account
Nihil Sine Deo.
  • #222,332
  • Apr 23, 2010 11:40am Apr 23, 2010 11:40am
idonotthink we go more than 145.. above 145 is impossible..lol..trade with your mind...we go 132. Happy trade best regards

I am sounding like mush..OMG
  • #222,333
  • Apr 23, 2010 11:40am Apr 23, 2010 11:40am
Quoting Scrat
and i'm even noobier trading a pico account
BAHAHAHA, is that a new one from FXCM by chance? LOL
check out my blog: forexmademillionaire dot com
  • #222,334
  • Apr 23, 2010 11:53am Apr 23, 2010 11:53am
This is looking like a very very nice short setup if price does not go higher than 145.03. As long as this high isn't breached, then the extreme resistance daily ema 200 still holds. If it can't go up, then there's only one other way to go. Previous two rejections of the daily ema 200 resulted in 1000+ pips drop. I would short here 144.60 if it weren't Friday but I don't like holding positions over the weekend. I will look to short comes Sunday when the market opens. Hopefully there won't be a gap down, if gap down then I'll wait for gap to close to enter short. SL will be at 145.60. That's the plan!!
  • #222,335
  • Apr 23, 2010 11:53am Apr 23, 2010 11:53am
Quoting Myrza
idonotthink we go more than 145.. above 145 is impossible..lol..trade with your mind...we go 132. Happy trade best regards

I am sounding like mush..OMG
  • #222,336
  • Apr 23, 2010 11:54am Apr 23, 2010 11:54am
Quoting Geppy
BAHAHAHA, is that a new one from FXCM by chance? LOL

i thought the smallest was the zico not the pico . thanks for the info
  • #222,337
  • Apr 23, 2010 12:00pm Apr 23, 2010 12:00pm
ok hit my target =)
few days ago i wrote gbp/jpy will hit 144.60. and it hit 144.80 (God of Gamble)... too bad only the timeframe cacat (wrong)...

time to short again (when everyone is getting bull, its the time to get some bear (or beer)?

PS: I might be right, I might be wrong... the conclusion is I Love gambling...
row row row your boat
  • #222,338
  • Apr 23, 2010 12:05pm Apr 23, 2010 12:05pm
it's soooo small i can't even read the broker name on my platform :nerd:.

Quoting Geppy
BAHAHAHA, is that a new one from FXCM by chance? LOL
Nihil Sine Deo.
  • #222,339
  • Apr 23, 2010 12:08pm Apr 23, 2010 12:08pm
Quoting Scrat
it's soooo small i can't even read the broker name on my platform :nerd:.
Hahahaha, nice!
check out my blog: forexmademillionaire dot com
  • #222,340
  • Apr 23, 2010 12:19pm Apr 23, 2010 12:19pm
159.14 is around the corner

Quoting PandoraBox
Bro...take a look at Monthly chart on 1st July 1995....similiar pattern
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