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

  • #230,421
  • Edited 4:55am Aug 10, 2010 4:44am | Edited 4:55am
Quoting fxghost
If stop is hit I will go short at 135.24 with a stop at 135.50. That would be a breakout trade.
....

Dont get trapped .....
Markets are not Random, they are designed!
  • #230,422
  • Aug 10, 2010 5:02am Aug 10, 2010 5:02am
Quoting Raza
....

Dont get trapped .....
I won't. 25 pips stop loss.
  • #230,423
  • Aug 10, 2010 5:17am Aug 10, 2010 5:17am
Quoting fxghost
I won't. 25 pips stop loss.
..

1 HR...4 HR...

Inverted Hammer...at support... worrysome.....( some retracement ..may be)

23.6% from top to Bottom from 126xx - 137xx at 135.15
Markets are not Random, they are designed!
  • #230,424
  • Aug 10, 2010 5:21am Aug 10, 2010 5:21am
Gold towards 1204 within the next 24-36 hrs
EurJPY above 114 before end of the week.

IMO, EURGBP will further strengthen until end of the week. Therefor the bullish move on EurJPY will be much smoother than GBPJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.jpg Size: 132 KB
  • #230,425
  • Aug 10, 2010 5:37am Aug 10, 2010 5:37am
Quoting Raza
..

1 HR...4 HR...

Inverted Hammer...at support... worrysome.....( some retracement ..may be)

23.6% from top to Bottom from 126xx - 137xx at 135.15
Just a break of two support points. Today's asian low and second point was established during European session today. The price did not jump off much of that level. And so I went in... Let's see what happens.
  • #230,426
  • Aug 10, 2010 5:41am Aug 10, 2010 5:41am
Quoting Raza
..

1 HR...4 HR...

Inverted Hammer...at support... worrysome.....( some retracement ..may be)

23.6% from top to Bottom from 126xx - 137xx at 135.15
Hi Raza,

im short since last week, looking for TP1 134.80 area of monthly pivot (also everything depend on the next candle h4).
Trade with the momentum
  • #230,427
  • Aug 10, 2010 5:46am Aug 10, 2010 5:46am
Quoting senaka
Gold towards 1204 within the next 24-36 hrs
EurJPY above 114 before end of the week.

IMO, EURGBP will further strengthen until end of the week. Therefor the bullish move on EurJPY will be much smoother than GBPJPY.
I'm seeing Gold at $1006. Let's see.
  • #230,428
  • Aug 10, 2010 5:58am Aug 10, 2010 5:58am
Quoting ukdaytrader
I'm seeing Gold at $1006. Let's see.
I'm bearish on gold as well. However the price will bounce back to 1205 area from the current price and dip towards 1176 later this week, further down towards 1158 this month. just my 2 cents.
  • #230,429
  • Aug 10, 2010 6:07am Aug 10, 2010 6:07am
Quoting sailor68
Hi Raza,

im short since last week, looking for TP1 134.80 area of monthly pivot (also everything depend on the next candle h4).
Book your profit..( lock pips)..

It is still in Bull Flag 1 Hr...

U/J can go upto 0.89 .. and take G/J up with it...

Recent retrace was also a 27.2%( 135.16) retrace of 134.19 - 137.78 ..

Also a 23.6% from 126xx - 137xx

Daily Support is penetrated.. 135.40... so I am Bias to the Short side....

I see Bullish week for U/CAD ..and G/J is inverse of it so ..G/J should be Bearish...
Markets are not Random, they are designed!
  • #230,430
  • Aug 10, 2010 6:09am Aug 10, 2010 6:09am
H4 chart the candles are in EMA100 cliff
CCI 20 shows some bullishness and MACD not vey much down

Signs of recovery ?
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
  • #230,431
  • Aug 10, 2010 6:23am Aug 10, 2010 6:23am
Quoting Raza
Book your profit..( lock pips)..

It is still in Bull Flag 1 Hr...

U/J can go upto 0.89 .. and take G/J up with it...

Recent retrace was also a 27.2%( 135.16) retrace of 134.19 - 137.78 ..

Also a 23.6% from 126xx - 137xx

Daily Support is penetrated.. 135.40... so I am Bias to the Short side....

I see Bullish week for U/CAD ..and G/J is inverse of it so ..G/J should be Bearish...
Thanks Raza for your advice, i saw it, we have like you said inverted hammer, hammer (on H1), and we are near NY session, better to book some profit and let we see what happen next, UJ also broke the DS TL (1H).... my bias for GJ still bearish. Ok Green pips to you.
Trade with the momentum
  • #230,432
  • Aug 10, 2010 6:28am Aug 10, 2010 6:28am
if higher 136 - buy
if lower 135 - sell
---
simple.
Attached Image
  • #230,433
  • Aug 10, 2010 6:41am Aug 10, 2010 6:41am
Short term direction will be marked during American session.
  • #230,434
  • Aug 10, 2010 6:47am Aug 10, 2010 6:47am
Quoting sailor68
Thanks Raza for your advice, i saw it, we have like you said inverted hammer, hammer (on H1), and we are near NY session, better to book some profit and let we see what happen next, UJ also broke the DS TL (1H).... my bias for GJ still bearish. Ok Green pips to you.
I could be wrong.....

so manage risk...
Markets are not Random, they are designed!
  • #230,435
  • Aug 10, 2010 7:03am Aug 10, 2010 7:03am
Quoting Raza
I could be wrong.....

so manage risk...


Nobody know but Yes better to book some, (50% already), money management is the key.
Trade with the momentum
  • #230,436
  • Aug 10, 2010 7:34am Aug 10, 2010 7:34am
Based on the view of low,lower and lowest based on H1 it has to go up
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
  • #230,437
  • Aug 10, 2010 7:36am Aug 10, 2010 7:36am
Quoting harigp
Based on the view of low,lower and lowest based on H1 it has to go up

yes it does, but it won't.
  • #230,438
  • Aug 10, 2010 7:47am Aug 10, 2010 7:47am
Quoting ukdaytrader
I'm seeing Gold at $1006. Let's see.
when? i am seeing at $1190
  • #230,439
  • Aug 10, 2010 7:51am Aug 10, 2010 7:51am
Quoting senaka
Gold towards 1204 within the next 24-36 hrs
EurJPY above 114 before end of the week.

IMO, EURGBP will further strengthen until end of the week. Therefor the bullish move on EurJPY will be much smoother than GBPJPY.
could you please clarify your gold analyse some more ?
on what base you say ıt would go up 1204?
ty and good trades
  • #230,440
  • Aug 10, 2010 7:56am Aug 10, 2010 7:56am
massive broadening wedge on cable D1
Swissy though looks like there could be signs of intervention.
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