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

  • #224,681
  • May 16, 2010 5:56pm May 16, 2010 5:56pm
Quoting fullhouse
.wish i could know where the gbp/jpy will turn ..135/136/137 ,,i dont know,,but i dont think too high ..and what will happen if we hit 133/132 ?? a major bounce or semi pause and down we go again..
I've just finished a quick chart analysis and I get the figure between 136.50 and 137.20.

However, this is not from my usual charting account and I also usually prefer to do my main analysis during mid London session.

I thought I'd just share my views.
  • #224,682
  • May 16, 2010 6:01pm May 16, 2010 6:01pm
LMAO

Profit to risk factor 2.5 and a few weeks of waiting ?
C'mon be realistic ! We are not demotraders.


I prefer profit to risk factor above 10 for such a long time and I can wait several days for setup which gives me such profit.

btw 400 to 1000 is the same as 40 to 100 which can achieve in one single day



Quoting fullhouse
the safest trade at the moment is the aud/usd for short ...if you can afford a 400 pip stop,,you will be "gaurenteed" 1000 pips coming days/weeks..
  • #224,683
  • May 16, 2010 6:04pm May 16, 2010 6:04pm
My view. I don't see anything retracing. The market is in trend mode.
  • #224,684
  • May 16, 2010 6:04pm May 16, 2010 6:04pm
Quoting Kamran Khan
G/J....I will prefer to take long trade arround 132.20 for 142.00.
hey dear Kamran Khan why do trying to pick bottoms ?? jus go with this pretty market
Making money not by predicting just by following ...
  • #224,685
  • May 16, 2010 6:08pm May 16, 2010 6:08pm
Quoting Clouds
Question is for those short. What number will it 'not' get too.
Person that guesses closest without touching it should get a prize.

My guess is that it won't touch,,,,,

135

hey Clouds can i know if u have big capital with what broker you invested it?
Making money not by predicting just by following ...
  • #224,686
  • May 16, 2010 6:11pm May 16, 2010 6:11pm
Quoting 5ysfx
LMAO

Profit to risk factor 2.5 and a few weeks of waiting ?
C'mon be realistic ! We are not demotraders.


I prefer profit to risk factor above 10 for such a long time and I can wait several days for setup which gives me such profit.

btw 400 to 1000 is the same as 40 to 100 which can achieve in one single day

why not ..WITH NO STOP ..ITS THE SAME ... ? LMFAO ! 400 was just a number ... im short with no stop .. and i dont need one .. because we going for a fact down a 1000 pips ..if place my stop 300/400 pips/600 pips its the same to use no stop..no diff..but i do target 1000 pips..if its in 1 day or 5 months,,dont care ,,i dont have a time limit ,,,i dont trade that pair on a daily basis ...
  • #224,687
  • May 16, 2010 6:17pm May 16, 2010 6:17pm
dang it i miss the short. now i wait again.

Quoting Clouds
My view. I don't see anything retracing. The market is in trend mode.
Its all in the mind.
  • #224,688
  • May 16, 2010 6:17pm May 16, 2010 6:17pm
Quoting gl4di4t0r
hey Clouds can i know if u have big capital with what broker you invested it?
no, small
  • #224,689
  • May 16, 2010 6:38pm May 16, 2010 6:38pm
Quoting fullhouse
why not ..WITH NO STOP ..ITS THE SAME ... ? LMFAO ! 400 was just a number ... im short with no stop .. and i dont need one .. because we going for a fact down a 1000 pips ..if place my stop 300/400 pips/600 pips its the same to use no stop..no diff..but i do target 1000 pips..if its in 1 day or 5 months,,dont care ,,i dont have a time limit ,,,i dont trade that pair on a daily basis ...

OK ur money ur decision and consequences but ffs keep such thougths for urself, a lot of newbie here and some of them could follow ur brilliant idea... which is not going short aussie now but keeping 400 pips drawdown in case the USD gonna sink.

So hypotheticaly U got 400 pips in minus what are u gonna do ?
cut 4%-8%-12%... ( depend on percentage value of ur 400 pips) and let the recent gains to evaporate or wait for blowing up the whole account ?
  • #224,690
  • May 16, 2010 6:45pm May 16, 2010 6:45pm
Quoting 5ysfx
OK ur money ur decision and consequences but ffs keep such thougths for urself, a lot of newbie here and some of them could follow ur brilliant idea... which is not going short aussie now but keeping 400 pips drawdown in case the USD gonna sink.

So hypotheticaly U got 400 pips in minus what are u gonna do ?
cut 4%-8%-12%... ( depend on percentage value of ur 400 pips) and let the recent gains to evaporate or wait for blowing up the whole account ?

i tihnk ill probably know ,,when im wrong and closed manually ..

but doesnt matter,, i dont watch it and let it run in silent with other pairs ..while i concentrate and trade jpy crosses
  • #224,691
  • May 16, 2010 6:55pm May 16, 2010 6:55pm
ok guys been in about 45 min. GJ short @ 134.25, +70 so far....only play money for now though...rats!
  • #224,692
  • May 16, 2010 7:10pm May 16, 2010 7:10pm
This is really frustrating. I closed my short because didn't want to hold it over the weekend. Now I'm hoping for a retrace to re-enter. A gap-up to 135.50 over the weekend would have been perfect but that didn't play out. Now I'm probably be watching it tank to 132.50 and then 129.60. Grrr....
  • #224,693
  • May 16, 2010 7:14pm May 16, 2010 7:14pm
Quoting Clouds
I prefer it go down to 90 in next 3-4 weeks, and then I buy a lot there, and it go up to 200.
I am thinking down to 70 and then go away to be replaced with the rebounding euro
  • #224,694
  • May 16, 2010 7:31pm May 16, 2010 7:31pm
long 132.82


stop @ b/e
New voice message: Why are you calling me? If I need you, I'll call you!
  • #224,695
  • May 16, 2010 7:32pm May 16, 2010 7:32pm
Quoting Clouds
My view. I don't see anything retracing. The market is in trend mode.
This is a good trader giving honest directions.
Keep it up man, newbs needs you.
I'm with you but not a newb!
Cheers!
E
  • #224,696
  • May 16, 2010 7:37pm May 16, 2010 7:37pm
Quoting KillerWhale
long 132.82


stop @ b/e
Now if newbs are following you what is your target? Geez be responsible newbs are learking at this time of day, if you wanna help them be more specific otherwise its a dick contest...i.e. if your trading the 8m chart at least you mention it in your post otherwise its irrelevant to anyone here even if its a good trade for you.
E
  • #224,697
  • May 16, 2010 7:43pm May 16, 2010 7:43pm
Quoting Clouds
My view. I don't see anything retracing. The market is in trend mode.

agreed not even a dip ...just went down gradually and i think will do the same for the next few hours. and i think actually tonight we will se a smal dump.

Clouds if ur question is how hiugh will the correction be...I think wont be higher than 135.25
  • #224,698
  • May 16, 2010 7:52pm May 16, 2010 7:52pm
Quoting kourtney
agreed not even a dip ...just went down gradually and i think will do the same for the next few hours. and i think actually tonight we will se a smal dump.

Clouds if ur question is how hiugh will the correction be...I think wont be higher than 135.25
hmm, thanks, now i'm doubtful it will get even to 135. i was figuring out where to put my stop at open, i slept all day friday and didn't close my shorts. now i think it's less likely to go up that far. other pairs seem melting with no buyers. not to mention gu took out lows.
  • #224,699
  • May 16, 2010 9:33pm May 16, 2010 9:33pm
It's unusual to see this much consistent & strong trending bearishness towards sterling and the euro on the week's open: 300 pips down in it's first few hours, falling right through major fibs & supports. All Asia equity markets are down 2%. I was going to write it's definitely testing our Feb low of 132, but it's just smashed through that with a 110 pip move in the last 15 minutes!

My take is that the two-Thursday ago fat-finger low of 130 - as a candle chart formation - is being ignored: I was trading GY and it's downmove was essentially done around 135, until the algos and comp trading kicked in to take it down a further 500 pips in a few minutes - if you remove that long wick which in itself is an unusual formation on a M5 chart and not "looking fitting" on even the H4 chart, I feel it's moving somewhere towards this down channel into the 127.1/125.2 before a possible bounce up. Reaching these lows or some BS news to pop it is all I see sending it upwards.
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  • #224,700
  • May 16, 2010 9:52pm May 16, 2010 9:52pm
Come Sanna; again with the pitchfork? I know, but so far; with these past few sessions it has been consistant. I hypothesize a move up from quadrants we have touched thoughout Auzzie and Japan trading. Trade charts and indicators, not news and instigators.
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