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

  • #230,261
  • Aug 5, 2010 2:16am Aug 5, 2010 2:16am
News add confuse to chart analysers
i never to care about them
any way im not trading now days and have no charts front of me right now, i'm just focus on learning new things.
but reminder: what we all always used to say 136 the high edge of the range box and its already reached and broke, now my view and i ask no one to consider it cause im not front of chart that GJ have the up side to go in the long time journey
good luck to all
  • #230,262
  • Aug 5, 2010 2:18am Aug 5, 2010 2:18am
Quoting Eulogy
I think the general consensus is that the USA has been graced in recent times by completely inept leaders. Dubya was no comparison, seriously if someone thought its better to put "food on your families" rather than on the table you'd admit them to the insanotarium. Even so, Bush's idiocy in no way excuses Obama's logic.

Problem: Banks up to their eyeballs in illiquid toxic assets that no-one wants.
Solution: Restrict access to the most liquid market on the planet.

errrr....????
Yeh I agree with you. It was a silly move. May be the intention at the time was to limit the short selling and reduce the volatility in the market.
  • #230,263
  • Aug 5, 2010 2:40am Aug 5, 2010 2:40am
Quoting fxghost
Stop loss was hit. However, the pair reversed again by forming 123 pattern at the same level, so I went up from 136.20 again and exited at 136.90. I still have a bullish position towards pound and now support is at 136.70
Passed through support at 136.70 hit second support at 136.36. If it goes up, I will go long a few pips above 136.70, stop at 136.35
  • #230,264
  • Aug 5, 2010 2:41am Aug 5, 2010 2:41am
Quoting clientfx
..are you shorting too..?

trust your own system/view/analysis and no provoke

im still learning too with a good trader in here and respect all their views
We are all here to exchange ideas and learn. It would be beneficial for all of us if you post what you see on your charts , when you call a trade without just saying 'buy'' or "sell".

No, I'm not shorting. Not just yet.
  • #230,265
  • Aug 5, 2010 2:43am Aug 5, 2010 2:43am
Quoting KillerWhale
What is this for kind of shit you're posting with using my name. When I said it is down, it was down and my call was good. It reached my goal of 136 and even 17 pips lower.
And then you tell me I'm wrong? 24 hours later? Things change rapidly in forex you know.
Use your brains when you answer to a posting, especially when you do that a full day later, with totally different circumstances.

Shamu
The problem is that we are not on the same wave length. I did not know what kind of time frame you were talking about, and you did not know what kind of time frame I was talking about.
  • #230,266
  • Aug 5, 2010 2:50am Aug 5, 2010 2:50am
Quoting Eulogy
Easy there buddy, we all know there are several noob trolls on this thread who usually appear just to play devils advocate. No need to get too agitated about it. Expose them, then move on.
Thanks buddy. I have been in forex for more than 6 years.
  • #230,267
  • Aug 5, 2010 2:50am Aug 5, 2010 2:50am
Quoting senaka
We are all here to exchange ideas and learn. It would be beneficial for all of us if you post what you see on your charts , when you call a trade without just saying 'buy'' or "sell".

No, I'm not shorting. Not just yet.
read my post..did i say H4?

dont reply this you are in my ignore list..
  • #230,268
  • Aug 5, 2010 2:51am Aug 5, 2010 2:51am
Quoting fxghost
Passed through support at 136.70 hit second support at 136.36. If it goes up, I will go long a few pips above 136.70, stop at 136.35
is that you dubasink?
  • #230,269
  • Aug 5, 2010 2:56am Aug 5, 2010 2:56am
Quoting clientfx
read my post..did i say H4?

wtf?? yeh stop wasting my time.
  • #230,270
  • Aug 5, 2010 2:59am Aug 5, 2010 2:59am
Quoting Eulogy
is that you dubasink?
And what?
  • #230,271
  • Aug 5, 2010 4:02am Aug 5, 2010 4:02am
Quoting Eulogy
I highly doubt that OTC thingy from Barry is gonna have any effect. Remember when the 10:1 leverage limit first came out. Created quite a stink but its nowhere to be found now...... all in all, more likely its just posturing against the retail FX spec scapegoat to make it seem like he's doing something when he in fact doesn't know shit.
thanks mate for ur input...seems agreed with u
  • #230,272
  • Aug 5, 2010 4:04am Aug 5, 2010 4:04am
Ok here is some help for you all. Buy now @136.5 exit @ 137
Then sell all you have got @137 because this thing will plunge to 134 today
Then keep on holding untill tommorrow because it will go to 131.75
From there you should buy like crazy because we get a really big rally next week.
Good luck
  • #230,273
  • Aug 5, 2010 4:21am Aug 5, 2010 4:21am
Chill guys..dun fight let move on with our healthy discussion..

I saw reversal today soon at 135.3-134-133.40 before 140.

135.60 & 134.80 need to watch out carefully b4 going to that 3 mentioned area.

Mode : Sell all rallies for this small pull back 137.10-137.4 should be good for this small short

Why : 4th consecutive failure attempt to break to 138-139-140 area from this 137 n formed strong resistance atm.

As usual i could be wrong, so just becarefull with your position.
I'll be back in 2 hrs.

Good luck

g
Attached Image (click to enlarge)
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  • #230,274
  • Aug 5, 2010 4:29am Aug 5, 2010 4:29am
first tp hit, now sell like crazy
  • #230,275
  • Aug 5, 2010 4:36am Aug 5, 2010 4:36am
Quoting fxghost
Passed through support at 136.70 hit second support at 136.36. If it goes up, I will go long a few pips above 136.70, stop at 136.35
Exited at 137.10
  • #230,276
  • Aug 5, 2010 4:40am Aug 5, 2010 4:40am
gbp/jpy is in short mode still im selling one trade a time on spikes up for now dont think even on lower time frames we have long trend just yet
Making money is easy keeping it is harder
  • #230,277
  • Aug 5, 2010 4:56am Aug 5, 2010 4:56am
It might collapse on friday, but support is still in place. No point to be bearish. Charts tell a different story than indicators. I prefer following charts. 136.36 is pretty important point. As long as price above that I do not even consider taking a short. The only event that would bother me is BOE rate decision. That's why I would place a sell stop below the level I mentioned in case news moves the market. It definitely can. We will see if it would.
  • #230,278
  • Aug 5, 2010 5:08am Aug 5, 2010 5:08am
Quoting ghuisthefirs
first tp hit, now sell like crazy

Nice call . But I doubt this will dip any lower to your 134 target today. We may see higher 138 today IMO.
  • #230,279
  • Aug 5, 2010 5:14am Aug 5, 2010 5:14am
Quoting fxghost
And what?
Just confirming, saw the same quote on the Oanda forums not too long ago.
  • #230,280
  • Aug 5, 2010 5:52am Aug 5, 2010 5:52am
Quoting Eulogy
Just confirming, saw the same quote on the Oanda forums not too long ago.
Yes. You were right.
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