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

  • #224,361
  • Edited 3:06pm May 13, 2010 2:49pm | Edited 3:06pm
Quoting fullhouse
i could not help to short all crosses ,,they all gonna dive hard soon
A novel thought eh?

The weekly chart spoke loud and clear and could not be ignored. . . What else can you say and we may see even more selling in GU in the upcoming Asia session. . .

We have seen London close selling and now NY late sell-off which is typically rare. . . So wouldn't be surprise to see a continuation in Asia. . .
  • #224,362
  • May 13, 2010 3:01pm May 13, 2010 3:01pm
Quoting quecee5
A novel thought eh?

The weekly chart spoke loud and clear and could not be ignored. . . What else can you say and we may see even more selling in GU in the upcoming Asia session. . .

We have seen London close selling and now NY late sell-off whihc is typically rare. . . So wouldn't be surprise to see a continuation in Asia. . .

lol.. Q..the last 4 weeks,,i dont trust my judgement,,i made the worst ever deciosions on many,many trades.. typical noval decisions/thinking..

a week break is probably needed..

next week 5 days in the gym,,will see if that help,,lol
  • #224,363
  • May 13, 2010 3:07pm May 13, 2010 3:07pm
Is 135.70 support considered to be broken or better wait for daily close ?
What determines support being broken ?
  • #224,364
  • May 13, 2010 3:09pm May 13, 2010 3:09pm
Quoting pipidiot
Is 135.70 support considered to be broken or better wait for daily close ?
What determines support being broken ?
supp is gone,,133 next
  • #224,365
  • May 13, 2010 3:15pm May 13, 2010 3:15pm
looks like a setup for apocalypse friday.

if somehow these charts turn into a rally i will be dumbfounded.
  • #224,366
  • May 13, 2010 3:20pm May 13, 2010 3:20pm
Will we see at least some sort of a retracement soon? Or was that move up to the 23.6 fib at 136.60 all we're gonna get? I would like to get back in short but I can't if the market keeps tanking. Whatever happened to not everything moves in a straight line?
  • #224,367
  • May 13, 2010 3:21pm May 13, 2010 3:21pm
Quoting fullhouse
lol.. Q..the last 4 weeks,,i dont trust my judgement,,i made the worst ever deciosions on many,many trades.. typical noval decisions/thinking..

a week break is probably needed..

next week 5 days in the gym,,will see if that help,,lol
Bro I'm in the gym at least 5 days a week. . . and guess what it helps clear the brain clutter and makes trading more fun actually. . . In the cut-up phase so diet is critical which also helps with cleasning and detox the body. . .
  • #224,368
  • May 13, 2010 3:23pm May 13, 2010 3:23pm
Quoting quecee5
Bro I'm in the gym at least 5 days a week. . . and guess what it helps clear the brain clutter. . . and makes trading more fun actually. . .
Hey, do you recommend a price to get in for short if I'm not already in? What is the next target? Thanks.
  • #224,369
  • May 13, 2010 3:24pm May 13, 2010 3:24pm
Quoting $teve
Will we see at least some sort of a retracement soon? Or was that move up to the 23.6 fib at 136.60 all we're gonna get? I would like to get back in short but I can't if the market keeps tanking. Whatever happened to not everything moves in a straight line?

yip worst decision to exit..how did we ??? we are in C wave and we exit of ABCDE ? oh well im used to this recently ..i went back in stop above 138 and see where do this pair can take me
  • #224,370
  • May 13, 2010 3:27pm May 13, 2010 3:27pm
Quoting $teve
Will we see at least some sort of a retracement soon? Or was that move up to the 23.6 fib at 136.60 all we're gonna get? I would like to get back in short but I can't if the market keeps tanking. Whatever happened to not everything moves in a straight line?
Well we didn't move in a straight line this time re-visting 139.50/90 area I don't know how many times. . . (joking). . . But from the looks of it - consolidation seems to be over and we look to be resuming the bearish trend. . .

Anyway, as mentioned wpp is at 136.79 we tested right below that and sup was at 135.70/88 so if we close below here, daily close I'm pretty sure we will see 133 with a pit-stop at 134.50 area. . . but looks to e that 133.60 could be in the cards unless we get back above support soon with a daily close. . .
  • #224,371
  • May 13, 2010 3:29pm May 13, 2010 3:29pm
Quoting $teve
Hey, do you recommend a price to get in for short if I'm not already in? What is the next target? Thanks.
133.60 then 129.22. . . next targets with major support at 129.22 but if we get back above support resistance starts at 136.79 then 137.11. . .
  • #224,372
  • May 13, 2010 3:32pm May 13, 2010 3:32pm
Quoting quecee5
Well we didn't move in a straight line this time re-visting 139.50/90 area I don't know how many times. . . (joking). . . But from the looks of it - consolidation seems to be over and we look to be resuming the bearish trend. . .

Anyway, as mentioned wpp is at 136.79 we tested right below that and sup was at 135.70/88 so if we close below here, daily close I'm pretty sure we will see 133 with a pit-stop at 134.50 area. . . but looks to e that 133.60 could be in the cards unless we get back above support soon with a daily close. . .
I just took a small short at 135.50. I guess I can always add if it retraces. I really don't want to see this thing tanking another 200 pips with me on the sideline. Wish me luck.
  • #224,373
  • May 13, 2010 3:33pm May 13, 2010 3:33pm
Quoting pipidiot
Is 135.70 support considered to be broken or better wait for daily close ?
What determines support being broken ?
Weekly close with a test of res is actual best. . . It will come back if we tank more here for a test just gotta be patient. . .
  • #224,374
  • May 13, 2010 3:35pm May 13, 2010 3:35pm
Quoting $teve
Hey, do you recommend a price to get in for short if I'm not already in? What is the next target? Thanks.
so far if it touches the m1 50 ema it is ready to go down.
  • #224,375
  • May 13, 2010 3:36pm May 13, 2010 3:36pm
Quoting $teve
I really don't want to see this thing tanking another 200 pips with me on the sideline.
Unfortunately that's a horrible reason to get into a trade. To quote an old trading adage, "It's better to be out of a trade wishing you were in, than in a trade wishing you were out." PAtience is key. If you needed a retracement to fit your criteria... you should wait for one.
Every time you use 'hopium' in a post, God kills a kitten.
  • #224,376
  • May 13, 2010 3:36pm May 13, 2010 3:36pm
Quoting $teve
I just took a small short at 135.50. I guess I can always add if it retraces. I really don't want to see this thing tanking another 200 pips with me on the sideline. Wish me luck.

well actually we are trading below daily s2 @ 136.03 with planned pit-stop target at 134.68. . . So your short should be good if GU break support here . . .

whats baffling is the late sell-off. . .
  • #224,377
  • May 13, 2010 3:41pm May 13, 2010 3:41pm
tell you what EU taking a beating. . . with no looking back!
  • #224,378
  • May 13, 2010 3:41pm May 13, 2010 3:41pm
I only have ibfx volume, but it seems to be tanking on no volume, could this be a trap?
  • #224,379
  • May 13, 2010 3:45pm May 13, 2010 3:45pm
Quoting cullian
I only have ibfx volume, but it seems to be tanking on no volume, could this be a trap?
I really don't think so. . . Don't be surprised to see some of that long stem on the bounce from 129.22 get recovered. . . and look at GU its on the brinks of breaking 1.46 support so no trap IMO - Think it's safe to say we are heading much lower. . .

unless the bull pip gods come with some saving grace for bulls/longs. . .
  • #224,380
  • May 13, 2010 3:49pm May 13, 2010 3:49pm
Quoting quecee5
tell you what EU taking a beating. . . with no looking back!
Big bomb exploded in Grece in the last hour.
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