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

  • #223,001
  • Apr 30, 2010 12:36pm Apr 30, 2010 12:36pm
here is my view on cad/jpy .. i can be way wrong or i can be spot on..but im expecting this to happen ,coming days/weeks ..a drop down to the neckline at 82 somewhere aud/jpy similiar pattern
Attached Image (click to enlarge)
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  • #223,002
  • Apr 30, 2010 12:43pm Apr 30, 2010 12:43pm
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.
There is nothing intrinsically wrong with hedging. In it's simple form you just place a trades at roughly the same price. Use the SL as a ratio of where you think the price might go. ie. If you think it's going Bull give that a large SL. Then, the bear SL would be much tighter to get you out of that trade early.

Forex is 24 hours a day and some of the best trades might be during your sleep time and when the market is sidelining.

It's up to you, but I don't mind taking RR of some occasions and hedging is a tool if you want to use it.

You could also use entry orders come to think of it.
  • #223,003
  • Apr 30, 2010 4:30pm Apr 30, 2010 4:30pm
Quoting Cotton-I-Jo
It can be nice area 4 loading SHORT !









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this 1 also played out 150 more pips
keep it up
have nice weekend
  • #223,004
  • Apr 30, 2010 5:50pm Apr 30, 2010 5:50pm
so now gj wants to go down.. to the 139.0 ?
  • #223,005
  • Apr 30, 2010 6:11pm Apr 30, 2010 6:11pm
ill post my view on sat. ..pretty clear and obv what will happen the next 3 days... SERIUOS CONSILIDATION THE NEXT 3DAYS ..my post will explain it... have a good weekend ..
  • #223,006
  • May 1, 2010 12:11am May 1, 2010 12:11am
Quoting fullhouse
ill post my view on sat. ..pretty clear and obv what will happen the next 3 days... SERIUOS CONSILIDATION THE NEXT 3DAYS ..my post will explain it... have a good weekend ..
you'r simply saying we are going down to 132ish ?
  • #223,007
  • May 1, 2010 12:47am May 1, 2010 12:47am
142.80 is crucial gate to test first attempt at 140.20/30...

i cant attach chart at the moment with some error msg..so did it in my blog...

overall i changed my bias to bear if price broke this 142.80...as for me

Monthly=weekly=daily=H4=kaboom sooner or later......

let c what happen next week....should be interesting with the volatily of GY n EY

happy weekend and good luck all

g
  • #223,008
  • May 1, 2010 2:08am May 1, 2010 2:08am
my Usd/jpy is having is gann hilo at 93.92 and UJ closed at 93.84 which broker are u using?

Quoting PandoraBox
UJ Monthly Gann Flip? ...We need to wait till Monthly Candle Close.
  • #223,009
  • May 1, 2010 2:11am May 1, 2010 2:11am
send me a private IM and i will give u files and links that will teach you hedge grid trading, its perfect, however, hedging is not a conventional way of trading. You will have problem when the markets breakout. I traded it for months. but i lost all my gain when the market started trending like crazy.
However you need to demo trade for months to get appropriate grid sizes and TP.but be careful

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
  • #223,010
  • May 1, 2010 3:03am May 1, 2010 3:03am
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 44 KB


from my chart,i think next week will be bring this pair going to 139.31 or 135.78,lets see what happen next week,im sorry if im wrong...
  • #223,011
  • May 1, 2010 4:24am May 1, 2010 4:24am
Quoting lust pips
Attachment

from my chart,i think next week will be bring this pair going to 139.31 or 135.78,lets see what happen next week,im sorry if im wrong...
Mate i am not against ur prediction but for u not to keep mistaking ur chart set up i would like to tell u that ur Fibonacci swing high and low is 100% in wrong position..0.0 must come before 100.0 but on ur chart ur 100.0 came before 0.0..
check it out.. i can be wrong too ...just my opinion..
Attached Image (click to enlarge)
Click to Enlarge Name: hmm2.png Size: 18 KB
MY OPINION NOT FINANCIAL ADVISE
  • #223,012
  • May 1, 2010 4:46am May 1, 2010 4:46am
Quoting donfriday
Mate i am not against ur prediction but for u not to keep mistaking ur chart set up i would like to tell u that ur Fibonacci swing high and low is 100% in wrong position..0.0 must come before 100.0 but on ur chart ur 100.0 came before 0.0..
check it out.. i can be wrong too ...just my opinion..
thanks for your advice,really appreciate it...
  • #223,013
  • May 1, 2010 5:05am May 1, 2010 5:05am
Quoting donfriday
Mate i am not against ur prediction but for u not to keep mistaking ur chart set up i would like to tell u that ur Fibonacci swing high and low is 100% in wrong position..0.0 must come before 100.0 but on ur chart ur 100.0 came before 0.0..
check it out.. i can be wrong too ...just my opinion..
I think there is no rule to see at 1st the 0.0% line or the 100.0% line..we have our levels and should trade them step by step..with a break through of this level to the next step..without a confirming should we go out. However for all a great trading with a lot of pips.
  • #223,014
  • May 1, 2010 5:15am May 1, 2010 5:15am
Quoting finanzwelt
I think there is no rule to see at 1st the 0.0% line or the 100.0% line..we have our levels and should trade them step by step..with a break through of this level to the next step..without a confirming should we go out. However for all a great trading with a lot of pips.
i know u have a problem with english and u often turn it upside down so i think i have a some clue of what u saying....
MY OPINION NOT FINANCIAL ADVISE
  • #223,015
  • May 1, 2010 5:25am May 1, 2010 5:25am
Quoting lust pips
Attachment

from my chart,i think next week will be bring this pair going to 139.31 or 135.78,lets see what happen next week,im sorry if im wrong...
GJ in consolidation mood and sideways now, I don't think we'll see 135 in near future and maybe 139 will not be available too; my bias is neutral to little bullish;
price will range within 300pips (145-142) JMHO
  • #223,016
  • May 1, 2010 5:29am May 1, 2010 5:29am
Quoting donfriday
i know u have a problem with english and u often turn it upside down so i think i have a some clue of what u saying....
...step by step trading is good enough for all views and in all languages...however let's do the best
  • #223,017
  • May 1, 2010 7:14am May 1, 2010 7:14am
ok ..... its sat. morning here and i cant wait for the reopening of the market on sunday.WE have like 3 days left for consilidation before we will see KABOOOM !!!...

here is my view and this view is not confirm yet ,we wil see if we bounce at the 78.6 @ 142.38 ,and not take out the low..THEN THIS IS THE PATTERN WE WILL BE IN FOR THE NEXT 3 DAYS AND FINAL DAYS ..
we are then in a triangle .. i was waiting all 2 weeks for this triangle to develop and finally i might see, its here ....

im still on the sideline and im waiting for the bounce at 142.38 the 78.6 fib and then i will start load at the 78.6 on top and thats sit @ 144.45/55 (roughly) will get the right price after we bounce now at the botttom 78.6..

if you a swing trader,you can add on every 78.6 bounce all the way to the breakout and play the trend... and the triangle target is MIN 137.50 ,but the 161.8 target is right at an important supprt level @ 136.50...

i tihnk we will eventually test the low of 132 and we can even test 130..dont know..but im def target atleast 136.50 first target...will see after that...

the cad/jpy and aud/jpy looks a bit better for me,but i think all crosses will eventually drop a 1000 pips from now to the low supp.. EXCEPT EUR/JPY ..

HERE IS THE 2 CHARTS I PICKED FOR AN EASY SETUP..but again lets see first if we are in a triangle for the breakout ..we need to bounce now at 78.6 and go all the way up the the next high to low 78.6 @ 144.40-60 ,so im not gonnA jump str8 into shorts on sunday ...i will wait and see what do the 142.38 level and decide after that...

this is what i see ,and sometimes my imagination can run away from me ..
good luck for this week and hopefully all the traders who lost during the last 2 weeks (MYSELF INCLUDED) can overrun their losses and we all smile after this ENORMOUS 2/3 WEEKS OF A BEAR RUN ON ALL JPY PAIRS
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadjpy12.jpg Size: 101 KB
  • #223,018
  • May 1, 2010 8:29am May 1, 2010 8:29am
Hi..I have been watching the cad/jpy also...I see a similar possibility. However I see a ABCD pattern possibility also...I would appreciate any EW input ...have a great weekend everyone!!
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 4h chart.JPG Size: 161 KB
  • #223,019
  • May 1, 2010 8:51am May 1, 2010 8:51am
Quoting StarChild
Hi..I have been watching the cad/jpy also...I see a similar possibility. However I see a ABCD pattern possibility also...I would appreciate any EW input ...have a great weekend everyone!!

a daily close below 90 level would tumble thia pair all the way to 80-82 level.. keep that in mind ..MOST JPY PAIRS IS RIGHT NOW IN A LONG TERM TOP ,AND THAT THIS WEEK ,MAYBE next week,we would see break of supp levels and ball start rolling ..

CAD/JPY already made his top ,i dont see a higher high at this moment ,and the focus is now in a break of 90 level ,to target 80-82 ,with a few pitstops on the go

(i like this pair very much) here is my view and the ABOVE post is current 4 hour view ..SELL ALL RALLIES AT 78.6 ..ITS WHAT I CAN SAY
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.jpg Size: 81 KB
  • #223,020
  • May 1, 2010 9:08am May 1, 2010 9:08am
I fully agree a daily close below support area = a deep down. I have a yearly pivot at 89.50....that will be strong support?? I also like this pair...the COT on Cad has been at extremes..now is starting to change positions....Happy trading next week!!


Quoting fullhouse
a daily close below 90 level would tumble thia pair all the way to 80-82 level.. keep that in mind ..MOST JPY PAIRS IS RIGHT NOW IN A LONG TERM TOP ,AND THAT THIS WEEK ,MAYBE next week,we would see break of supp levels and ball start rolling ..

CAD/JPY already made his top ,i dont see a higher high at this moment ,and the focus is now in a break of 90 level ,to target 80-82 ,with a few pitstops on the go

(i like this pair very much) here is my view and the ABOVE post is current 4 hour view ..SELL ALL RALLIES AT 78.6 ..ITS WHAT I CAN SAY
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