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

  • #222,981
  • Edited 8:29am Apr 30, 2010 6:43am | Edited 8:29am
a div & vol
1st bar(green + high vol) - sell on breakout
2nd bar(small red + higher vol) - continuation pattern
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  • #222,982
  • Apr 30, 2010 7:55am Apr 30, 2010 7:55am
UJ Monthly Gann Flip? ...We need to wait till Monthly Candle Close.
  • #222,983
  • Apr 30, 2010 8:34am Apr 30, 2010 8:34am
Quoting riko2705
evening doji star at bb's upper line, 78.6 and r1 tested
comments welcomed
good trading for all
same evening star forming at 4h
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  • #222,984
  • Edited 9:30am Apr 30, 2010 9:01am | Edited 9:30am
gj30m
http://www.forexfactory.com/attachme...4&d=1272628687
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  • #222,985
  • Apr 30, 2010 9:06am Apr 30, 2010 9:06am
last hour candle closed under DP 1.52817 so I CALL SHORT @ 1.5281 TP S1 @ 1.5170 SL @ 1.5320 ( 1.5316 IS THE LAST HOUS OPEN )

ALSO GJ CLOSED LAST HOUR UNDER DAILY OPEN SO LET'S SEE HOW REACTS AT DP 143.61 THIS HOUR... IF IT CLOSE BELOW DP THIS HOUR, GJ IS SHORT @ 143.61 TP S1 142.45 SL @ 144.50 ( 144.45 IS LAST HOUR OPEN )
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LOL
  • #222,986
  • Apr 30, 2010 9:20am Apr 30, 2010 9:20am
oh man,,is this it ? it chang so quick ,,was sudden bulls for a minute ,,now bear again ..make me sick.. and this is the 300 pip drop i was expecting all week ...and guess where am i ?? on the sideline as i expected ..looooll ..doesnt matter,,lets see how it close today
  • #222,987
  • Apr 30, 2010 9:21am Apr 30, 2010 9:21am
Quoting karimfx
last hour candle closed under dp 1.52817 so i call short @ 1.5281 tp s1 @ 1.5170 sl @ 1.5320 ( 1.5316 is the last hous open )

also gj closed last hour under daily open so let's see how reacts at dp 143.61 this hour... If it close below dp this hour, gj is short @ 143.61 tp s1 142.45 sl @ 144.50 ( 144.45 is last hour open )
hmm.. Gu is right i said - going south... Gj not even respected daily pivot at 143.61 )) ... How much i like this pair :d gj really wants go south.. And do not forget that on h4 it is forming head & shoulders pattern with head at 145.93 and shoulders at 145.10-20.. If you remember the low at 139.40 area... Seems that my call from last weeks with monthly bearish to 120.00 still in play :d cause if on h4 gj is in h&s pattern, then it will go to 134 area AT LEAST..
LOL
  • #222,988
  • Apr 30, 2010 9:31am Apr 30, 2010 9:31am
Quoting fullhouse
oh man,,is this it ? it chang so quick ,,was sudden bulls for a minute ,,now bear again ..make me sick.. and this is the 300 pip drop i was expecting all week ...and guess where am i ?? on the sideline as i expected ..looooll ..doesnt matter,,lets see how it close today
I said a few weeks ago when i started to move from my long term trades to GBPJPY that the name of this beast is hedging.

I'm setting up a new micro account specifically for GBPJPY and will use hedging once I understand the technicalities of how to make it profitable.

Also remember it's month end and London will want to trade some extra to catch as much profit as possible.

My advice is don't trade on NRP and month ends unless you have hedging
  • #222,989
  • Apr 30, 2010 9:41am Apr 30, 2010 9:41am
The previous two months end in smooth rallies for the bull but this month it ran into the daily ema 200 and have much difficulty. I'm not expecting it to break either. It will break one day but that day will be when the big money decides to push it through. As of now, I think we'll just have to contend with this range. Maybe once the UK election is over, we will finally get a nice trend going.
  • #222,990
  • Apr 30, 2010 10:02am Apr 30, 2010 10:02am
My short from 144.85 was perfect I had coffee while the target was reached!
Nice weekend to all!
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Addicted to FX
  • #222,991
  • Apr 30, 2010 10:04am Apr 30, 2010 10:04am
Anyone else going to try to re-enter short?

I was thinking around 144.47/53.

Thoughts?

Now that it got halted at the 23.6% I don't know if it'll reach my entry...hmm...

missing the train down and now waiting for entry...
  • #222,992
  • Apr 30, 2010 10:05am Apr 30, 2010 10:05am
i am waiting for today's close - so far bias is still bearish, i still didn't see a daily close above 144.45 (last week close) and now price is also below yesterday's close.
Nihil Sine Deo.
  • #222,993
  • Apr 30, 2010 10:22am Apr 30, 2010 10:22am
im watching all other jpy crosses just as much as gbp/jpy and when i enter ,i do it on all crosses... thats why i went short yesterday on all pairs ,but bailed out of a small loss,and wait for a better entry...


if you watch closely the aud/jpy & cad/jpy daily charts,,that we are in for a heavy medium/long termj top and that this month end will be the topp of the topp and next month on the way to break mega supp that could lead us all the way down ,i mean alot...especially cad/jpy and aud/jpy

cad/jpy got 80 pips left to close as a doji on monthly ..he looks the best of all ...im very sceptical of the gbp/jpy ,but it looks ok so far
  • #222,994
  • Apr 30, 2010 10:25am Apr 30, 2010 10:25am
We're also at the 50% fib decline of the 146-141.5 decline and a smidge above the DPP. There was volume buying at the last hourly dip to 143.2 (spot on the 38.2 fib), but compared to other dips, not close in volume. (H1/H4 volume on this dip differs from LqP to LqP, and there are sellers in the downdrift too). The current H1 candle formation is struggling to do the textbook bounce back response, but I think the selling may end up winning, although further declines may have to wait a few H1 candles. (Note chart is H4) Tough to enter a trade if you're not in one yet, so I am scalping the TLs. Be careful of Obamaspeak being underway; he'll apparently be talking GDP #'s as well.
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  • #222,995
  • Apr 30, 2010 10:48am Apr 30, 2010 10:48am
Quoting Scrat
hey what's up? i hope everything is going well for you.
Thanks Scrat... yesterday was quite rough but gettin through it.
check out my blog: forexmademillionaire dot com
  • #222,996
  • Apr 30, 2010 11:36am Apr 30, 2010 11:36am
Quoting Jake Snake
I said a few weeks ago when i started to move from my long term trades to GBPJPY that the name of this beast is hedging.

I'm setting up a new micro account specifically for GBPJPY and will use hedging once I understand the technicalities of how to make it profitable.

Also remember it's month end and London will want to trade some extra to catch as much profit as possible.

My advice is don't trade on NRP and month ends unless you have hedging
Hedging from the high and low can be very risky if we get into a long term trend. Imho, hedge from the middle, but this is risky also.
  • #222,997
  • Apr 30, 2010 11:58am Apr 30, 2010 11:58am
Quoting plucker01
Hedging from the high and low can be very risky if we get into a long term trend. Imho, hedge from the middle, but this is risky also.
hedging is itself dangerous i think, whatever level you do it. =)
  • #222,998
  • Apr 30, 2010 11:59am Apr 30, 2010 11:59am
60 pips left for cad/jpy to close as a doji on monthly
  • #222,999
  • Apr 30, 2010 12:18pm Apr 30, 2010 12:18pm
aud/jpy and cad/jpy have exactly 1000 pips to go before they hit a major supp ... minor pitstops on the way ,,and then after major supp is gone,,then we start flying

eur/jpy is the worst one of all ... he can only go to 116/118 ..gbp/jpy will test 130 and we will see a slight possibiltiy of a spike to 128 ... but im only target 136 for time being on gbp/jpy and cad/jpy and aud/jpy ,both 1000 pips ...

GL ..
  • #223,000
  • Apr 30, 2010 12:28pm Apr 30, 2010 12:28pm
Quoting fullhouse
aud/jpy and cad/jpy have exactly 1000 pips to go before they hit a major supp ... minor pitstops on the way ,,and then after major supp is gone,,then we start flying

eur/jpy is the worst one of all ... he can only go to 116/118 ..gbp/jpy will test 130 and we will see a slight possibiltiy of a spike to 128 ... but im only target 136 for time being on gbp/jpy and cad/jpy and aud/jpy ,both 1000 pips ...

GL ..
hopefully correct.... still short here.... waiting for 142.8x
have a great weekend guys ( I hope I said the right things )
row row row your boat
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