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

  • #230,521
  • Aug 12, 2010 12:23am Aug 12, 2010 12:23am
Quoting Raza
or may be This.....
And this...

Retest Broken Trendline...which means 100% retrace and Beyond....
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Markets are not Random, they are designed!
  • #230,522
  • Edited 1:05am Aug 12, 2010 12:27am | Edited 1:05am
gy-1h

or just ABC-pattern
Attached Images
  • #230,523
  • Aug 12, 2010 12:46am Aug 12, 2010 12:46am
Quoting naatha
gy-1h

or just ABC-pattern
Looking at Hidden Bearish Divergence.... Bull is not convincing....But this is FX..anything is Possible....

after 134.30... next stop is 134.80 Inverted head and shoulder TARGET....

4 hr seems a POP GUN Scenrio.... I cannot say with Confidence but 4 hr looks like a Bullish Harami pattern...
Markets are not Random, they are designed!
  • #230,524
  • Aug 12, 2010 12:49am Aug 12, 2010 12:49am
UJ, GU coming up against tough resistance areas. if we can break through, midterm upside target 134.6 would be reasonable. since this is currently a countertrade, is risky, so not setting and forgetting. Took some profit +56 at 134.16 , moved SL up, so it's a free trade from here.

Quoting Fudomyo
...on the 480 minute intraday view, 133.6 is the current resistance to break for a move upside.
Attached Image(s) (click to enlarge)
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  • #230,525
  • Aug 12, 2010 1:03am Aug 12, 2010 1:03am
I need some advise from the most experienced traders my friends ....

I have a long trade from 133.28, currently 80 pips in the green and I need to go to sleep soon.
S/L is at break even + some.
It's a big trade and I want to keep this trade overnight.
Because I really think this has the potential to go close to 136 or beyond.
Stoc looks good, momentum looks good.

Whats your opinion guys?

Thanks in advance.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #230,526
  • Aug 12, 2010 1:13am Aug 12, 2010 1:13am
Quoting KillerWhale
I need some advise from the most experienced traders my friends ....

I have a long trade from 133.28, currently 80 pips in the green and I need to go to sleep soon.
S/L is at break even + some.
It's a big trade and I want to keep this trade overnight.
Because I really think this has the potential to go close to 136 or beyond.
Stoc looks good, momentum looks good.

Whats your opinion guys?

Thanks in advance.

Shamu
since SL is at B/E, just go to sleep and don't think a lot about it
Trade what you see, not what you think.
  • #230,527
  • Aug 12, 2010 1:16am Aug 12, 2010 1:16am
Quoting KillerWhale
I need some advise from the most experienced traders my friends ....

I have a long trade from 133.28, currently 80 pips in the green and I need to go to sleep soon.
S/L is at break even + some.
It's a big trade and I want to keep this trade overnight.
Because I really think this has the potential to go close to 136 or beyond.
Stoc looks good, momentum looks good.

Whats your opinion guys?

Thanks in advance.

Shamu
Personally, I can see a retest of the low sometime today. Longs from here will be subject to the usual shenanigans I think.
If it were my own trade, I would trail a stop reasonably tight and go to sleep. That way, if you get a rapid rise through 135, you will get to keep most of the pips.
  • #230,528
  • Aug 12, 2010 1:27am Aug 12, 2010 1:27am
As previous day low was tested many times but wasn't broken I entered long at the break of asian high and exited at an even number. Small day trade.
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  • #230,529
  • Aug 12, 2010 1:30am Aug 12, 2010 1:30am
Quoting fxghost
As previous day low was tested many times but wasn't broken I entered long at the break of asian high and exited at an even number. Small day trade.
Nice trading.
  • #230,530
  • Aug 12, 2010 1:39am Aug 12, 2010 1:39am
Quoting karmostaji
since SL is at B/E, just go to sleep and don't think a lot about it
Maybe the best way to handle this, thanks
New voice message: Why are you calling me? If I need you, I'll call you!
  • #230,531
  • Aug 12, 2010 1:41am Aug 12, 2010 1:41am
Quoting ukdaytrader
Personally, I can see a retest of the low sometime today. Longs from here will be subject to the usual shenanigans I think.
If it were my own trade, I would trail a stop reasonably tight and go to sleep. That way, if you get a rapid rise through 135, you will get to keep most of the pips.
I don't trust the trailing stop of Oanda yet, haven't tried it out.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #230,532
  • Aug 12, 2010 1:45am Aug 12, 2010 1:45am
Quoting KillerWhale
I don't trust the trailing stop of Oanda yet, haven't tried it out.
Then TP half now and hard stop BE
  • #230,533
  • Aug 12, 2010 1:46am Aug 12, 2010 1:46am
Quoting KillerWhale
I don't trust the trailing stop of Oanda yet, haven't tried it out.
Works great. I use it all the time.
  • #230,534
  • Aug 12, 2010 1:57am Aug 12, 2010 1:57am
Courtesy of forexlive.com

http://www.forexlive.com/125024/all/...0gmt-new-spike

Japan FinMin to hold news conference at 8.30 gmt. Is being touted as the reason for todays spike higher.

Also talk of Reuters that BoJ were checking rates yesterday.

If the FinMin states the usual nonsense about being 'concerned' and they 'might need to do something', I would expect market to simply shrug it off and we'll retrace the overnight rise.

Let's see.
  • #230,535
  • Aug 12, 2010 1:57am Aug 12, 2010 1:57am
Quoting ukdaytrader
Works great. I use it all the time.
okay, I can just follow it for 30 minutes into London, and then I'll try it, and go to sleep.
Thanks my friend.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #230,536
  • Aug 12, 2010 2:00am Aug 12, 2010 2:00am
Quoting KillerWhale
okay, I can just follow it for 30 minutes into London, and then I'll try it, and go to sleep.
Thanks my friend.

Shamu
I was wondering how you could go to sleep for London break out.

I couldn't. (well, it's 4 in the afternoon here so I have no excuse)
  • #230,537
  • Edited 2:57am Aug 12, 2010 2:11am | Edited 2:57am
Quoting Raza
Looking at Hidden Bearish Divergence.... Bull is not convincing....But this is FX..anything is Possible....

after 134.30... next stop is 134.80 Inverted head and shoulder TARGET....

4 hr seems a POP GUN Scenrio.... I cannot say with Confidence but 4 hr looks like a Bullish Harami pattern...
....

Going to sleep.....

WuzUP..Natha...
Markets are not Random, they are designed!
  • #230,538
  • Aug 12, 2010 2:17am Aug 12, 2010 2:17am
second TP target hit. 134.40 +80. trade total so far +136.

going for a bike ride and letting the last lot run, moved SL up to 133.9.

good luck with your trades everyone.
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  • #230,539
  • Aug 12, 2010 2:48am Aug 12, 2010 2:48am
closed manually here 134.55. GY probably has room to rise, but sticking to my trade plan (actually 5 pips shy of target TP 134.6)

currently flat. final trade total +231. will look for next setup late Europe session.


....now I can go bike riding.
  • #230,540
  • Aug 12, 2010 3:20am Aug 12, 2010 3:20am
Quoting special0nefx
We also got hudson, Selamat berpuasa
Price close below Month pivot and LTL break, expect more drop to test 130.84
LO and making BO, stopped at month pivot as resistant there. Not able to break close above is going to bounce back. Let's see how strong LO now.
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