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

  • #225,401
  • May 19, 2010 11:41am May 19, 2010 11:41am


Quoting profxtrader
The BOE found a solution to reversing the effects of gravity.
Hello.
  • #225,402
  • May 19, 2010 11:43am May 19, 2010 11:43am
Quoting Pipfull
Any body can explain plz why gbp went up dramatically today ?:nerd:
GBP/AUD moved up 500 pips, it may have had a little affect on G/U
  • #225,403
  • May 19, 2010 11:48am May 19, 2010 11:48am
Quoting profxtrader
And cable...

http://www.forexfactory.com/attachme...9&d=1274292363
Probably the easiest of them two.

Saw it another way... But entered it too.

Took this one with a 20 pips SL.

TPd at Average Daily Range although MACD bullish diverrgence is still in play.

Saw a double bottom at symmetry level. than a third touch to confirm. Plus 5 m/30m/h1 bullish divergences were a signal to go. Pretty good 1:4.75 R:R

Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp_usd_m5_19_05_2010_symm_triple_bottom_div.gif Size: 30 KB
Click to Enlarge Name: gbp_usd_m30_19_05_2010_symm_double_bottom_div.gif Size: 30 KB
  • #225,404
  • May 19, 2010 11:49am May 19, 2010 11:49am
Hmmm... wonder if this right shoulder is gonna get dislocated.
Hello.
  • #225,405
  • May 19, 2010 11:51am May 19, 2010 11:51am
a/j and n/j are also at a support on monthly charts. there might be a retrace for yen and usd
  • #225,406
  • May 19, 2010 11:56am May 19, 2010 11:56am
Looks like rejection. Shorts could be good.
  • #225,407
  • May 19, 2010 11:58am May 19, 2010 11:58am
Quoting Clouds
a/j and n/j are also at a support on monthly charts. there might be a retrace for yen and usd

oh can you see it ??? did you smoke some to see it 2day?
  • #225,408
  • May 19, 2010 11:58am May 19, 2010 11:58am
I could tell you guys what this reminds me of, but I don't wanna ruin the surprise.
check out my blog: forexmademillionaire dot com
  • #225,409
  • May 19, 2010 11:59am May 19, 2010 11:59am
Quoting fullhouse
oh can you see it ??? did you smoke some to see it 2day?
what are you talking about? i said MIGHT
  • #225,410
  • May 19, 2010 12:05pm May 19, 2010 12:05pm
Quoting Clouds
what are you talking about? i said MIGHT

you told me yesterday i smoke to much when i say we bottom and we could go up to 138 ?

but now you can see it eventually,,glad we on the same level ..

but not yet,, we might be in for a surprise and bang it through 129
  • #225,411
  • May 19, 2010 12:07pm May 19, 2010 12:07pm
Quoting Geppy
I could tell you guys what this reminds me of, but I don't wanna ruin the surprise.

what,,reminds you off,,when everybody in FF is long and it brerak through support ??

it is highly possible ,,no confirmations of bulls just yet ..ill sit tight and closed when we break the low

are you still short if i may ask ?
  • #225,412
  • May 19, 2010 12:15pm May 19, 2010 12:15pm
Quoting fullhouse
what,,reminds you off,,when everybody in FF is long and it brerak through support ??

it is highly possible ,,no confirmations of bulls just yet ..ill sit tight and closed when we break the low

are you still short if i may ask ?
That's half of it... just look back the last few weeks and even months and find the areas we've spent in consolidation "ping-ponging" price action. What's it been followed by?

Yes, I'm still short all through this area... I have some from above 132 and in the mid 131s with the average near the upper 131s. I'm just waiting for the consolidation phase to finish. I'm very patient, I mean hell I put up with you on almost a daily basis, Gucc.
check out my blog: forexmademillionaire dot com
  • #225,413
  • May 19, 2010 12:24pm May 19, 2010 12:24pm
If the dow closes slightly down today, GJ may get very bullish during Asia. I think 132.30 will be retested and will likely break. Asia takes GJ to the 38.6 fib and then London will sell it off again.
  • #225,414
  • May 19, 2010 12:27pm May 19, 2010 12:27pm
Quoting fullhouse
you told me yesterday i smoke to much when i say we bottom and we could go up to 138 ?

but now you can see it eventually,,glad we on the same level ..

but not yet,, we might be in for a surprise and bang it through 129
yesterday eur/aud was at 1.42 and now it's at 1.47, and a/j and n/j were not at support yesterday.

im not in a g/j trade, though i did take some long a/j and n/j trades
but i have no targets right now, just will try and see how it goes
  • #225,415
  • May 19, 2010 12:28pm May 19, 2010 12:28pm
30 minute MACD bullish divergence satisfied. Suggests short time countertrend.

However, If we get a 4H crossover, than we get another bullish MACD divergence this time on 4H suggesting a buy above todays high.
  • #225,416
  • May 19, 2010 12:31pm May 19, 2010 12:31pm
Quoting jupiter_peak
30 minute MACD bullish divergence satisfied. Suggests short time countertrend.

However, If we get a 4H crossover, than we get another bullish MACD divergence this time on 4H suggesting a buy above todays high.
wow, what a nice surprise. good to see you here jp.
  • #225,417
  • May 19, 2010 12:34pm May 19, 2010 12:34pm
Quoting Geppy
That's half of it... just look back the last few weeks and even months and find the areas we've spent in consolidation "ping-ponging" price action. What's it been followed by?

Yes, I'm still short all through this area... I have some from above 132 and in the mid 131s with the average near the upper 131s. I'm just waiting for the consolidation phase to finish. I'm very patient, I mean hell I put up with you on almost a daily basis, Gucc.

it was for me a tough 4 weeks lately,just could not get things in place ... but thats how it goes...

if you try to be smart then you will get burned... keep it simple ..

and i guess i was trying to smart the predict and i end up on the wrong place at the wrong time ,. like the 1000 pip drop..i was short on a heavy possition and i had 130 in my mind from mnths ago and i sudden reverse too long ?? lol ,iwhy i did that,,, i dont know,,, but i had many of those ...

i tihnk one key for swing traders,,, is to get your trade plan intact with MM and set and leave,and live life like wat Q said... i can name million of trades where my tradeplan was 100% corect,,and then during the phase ,i chop and change and fck it up..not one trade,,but many,,day after day ...

im trying hard on that mentally side .its tough ,but im getting there
  • #225,418
  • May 19, 2010 12:34pm May 19, 2010 12:34pm
Quoting pkimnyc
wow, what a nice surprise. good to see you here jp.
Good to see you too buddy. Hope you are having a nice ride trading in the 'ocean'.

Best,

JP.
  • #225,419
  • May 19, 2010 12:40pm May 19, 2010 12:40pm
Dow finishing strong...only -31 now!!
  • #225,420
  • May 19, 2010 12:48pm May 19, 2010 12:48pm
GU utterly bullish
UJ bearish

GJ not a good pair to trade atm
Don't be a hero. Don't have an ego. Always question yourself
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