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

  • #226,161
  • May 25, 2010 4:05pm May 25, 2010 4:05pm
I see a drop to 128 levels. Then, have to evaluate the steam and direction of the Geppy.
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  • #226,162
  • May 25, 2010 5:33pm May 25, 2010 5:33pm
I see in my charts the begining of a consolidation and flag formation...

my target on short was not reached so I had the chance to place 2 new shorts on averaging of 30 pips and tighten my hedge.

but to be h9onest I do not see why we have weak yen in this hours 60 pips above my last short from NY.

I will close the old shorts even and stay on hedge with the new ones and wait patiently for a clear sign...this monster is moody
  • #226,163
  • Edited 6:59pm May 25, 2010 6:23pm | Edited 6:59pm
first *support* is london close from yesterday - 128.99/69. if we go below, then 127.95/63; and if we go below that, hello new low !

btw, yesterday (tuesday), all three major sessions closed BELOW last weekly close (130.03):
- tokyo - 127.94
- london - 128.99
- ny - 129.98... even with that bullsh*t rally, still couldn't close above 130.03.

if we are to go up, i need to see a more convincing price action. but until then, i am shorting all rallies.
Nihil Sine Deo.
  • #226,164
  • May 25, 2010 6:23pm May 25, 2010 6:23pm
DP is 129.4 on my charts and it's being tested now. I still have my shorts from 130.4 and 130.3 and takin some profits, waiting for additional pips.

  • #226,165
  • May 25, 2010 6:27pm May 25, 2010 6:27pm
this is me..long gbp/jpy @129.31.. target 132/134/137
  • #226,166
  • May 25, 2010 6:36pm May 25, 2010 6:36pm
Quoting fullhouse
this is me..long gbp/jpy @129.31.. target 132/134/137
too soon.good luck
Gold Expedition Return This Year: -15.9%
  • #226,167
  • May 25, 2010 6:37pm May 25, 2010 6:37pm
short at 130.26

I'll stay short to S1 and reevaluate.
  • #226,168
  • May 25, 2010 6:39pm May 25, 2010 6:39pm
Quoting Scrat
first resistance is london close from yesterday - 128.99/69. if we go below, then 127.95/63; and if we go below that, hello new low !
you mean support right? sorry to be a stickler... just gets confusing.
check out my blog: forexmademillionaire dot com
  • #226,169
  • May 25, 2010 6:41pm May 25, 2010 6:41pm
Quoting Scrat
first resistance is london close from yesterday - 128.99/69. if we go below, then 127.95/63; and if we go below that, hello new low !

btw, yesterday (tuesday), all three major sessions closed BELOW last weekly close (130.03):
- tokyo - 127.94
- london - 128.99
- ny - 129.98... even with that bullsh*t rally, still couldn't close above 130.03.

if we are to go up, i need to see a more convincing price action. but until then, i am shorting all rallies.

how's it going Scrat ?

new lows !
  • #226,170
  • May 25, 2010 6:41pm May 25, 2010 6:41pm
the actually long is at 129.22/23
  • #226,171
  • May 25, 2010 6:42pm May 25, 2010 6:42pm
Quoting budak baru
too soon.good luck

If fullhouse is setting up for a swing trade, it's a bit premature on my charts, but, HE is the one pulling the trigger. Hope it works out for him AFTER I get my shorts covered!

I need SOMEONE to cover my positions!
  • #226,172
  • May 25, 2010 6:44pm May 25, 2010 6:44pm
Quoting budak baru
too soon.good luck

right pal
  • #226,173
  • May 25, 2010 6:45pm May 25, 2010 6:45pm
Channel
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  • #226,174
  • May 25, 2010 6:48pm May 25, 2010 6:48pm
Quoting special0nefx
Channel

Love those channels!

Thanks for that overview!
  • #226,175
  • May 25, 2010 6:48pm May 25, 2010 6:48pm
Quoting USTrader
If fullhouse is setting up for a swing trade, it's a bit premature on my charts, but, HE is the one pulling the trigger. Hope it works out for him AFTER I get my shorts covered!

I need SOMEONE to cover my positions!

yip ..target eventually 137.40 ..
short usd/cad aswell
  • #226,176
  • May 25, 2010 6:51pm May 25, 2010 6:51pm
yeh i meant support. right. don't let me confuse you ... support.

Quoting Geppy
you mean support right? sorry to be a stickler... just gets confusing.
Nihil Sine Deo.
  • #226,177
  • May 25, 2010 6:52pm May 25, 2010 6:52pm
Quoting USTrader
Love those channels!

Thanks for that overview!
I bias sell rallies after the Orange UTL is breakout, short will be safe
  • #226,178
  • Edited 7:52pm May 25, 2010 7:11pm | Edited 7:52pm
Quoting USTrader
If fullhouse is setting up for a swing trade, it's a bit premature on my charts, but, HE is the one pulling the trigger. Hope it works out for him AFTER I get my shorts covered!

I need SOMEONE to cover my positions!
i dont think wave 5 is complete before we go for correction.we may see new low.qqe daily n weekly also still in bearish territory.targeting 125.but watch out for the bullish breakout.
Gold Expedition Return This Year: -15.9%
  • #226,179
  • May 25, 2010 7:12pm May 25, 2010 7:12pm
Quoting budak baru
i dont think wave 5 is complete before we go for correction.we may see new low.qqe daily n weekly also still in bearish territory.targeting 125
Same thought as long Scrat point out the close below weekly, bearish play on and touch down 125
  • #226,180
  • May 25, 2010 7:25pm May 25, 2010 7:25pm
okay i guess.

normally, yes, new lows, but stay put. 130 is not cleared yet, and even if current bias is bearish it may change anytime. i think 131 is key to upside, and from what i see, i would think 130 will be tested again...

Quoting kujo17
how's it going Scrat ?

new lows !
Nihil Sine Deo.
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