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

  • #233,001
  • Nov 24, 2010 10:42am Nov 24, 2010 10:42am
Quoting forextine
Grash, I noticed you just put up a bullish GJ thing in your signature, what is your target, short term and long term.
i already took at 131 yesterday and maybe will add if it goes to 129.30/40.

My target was 134.80-138.80-144.50-148.60-151.50 witin 12 month starting by next month after NFP....

Under setting atm....good luck

g
  • #233,002
  • Nov 24, 2010 10:44am Nov 24, 2010 10:44am
Quoting grashid
i already took at 131 yesterday and maybe will add if it goes to 129.30/40.

My target was 134.80-138.80-144.50-148.60-151.50 witin 12 month starting by next month after NFP....

Under setting atm....good luck

g
I'm long also, I noticed that the drop came right down and touched the broken downtrend line. So I figure it should either test the uptrend line that it broke the other day, or just keep going. I'd take 133 in the short term though.
  • #233,003
  • Nov 25, 2010 4:37am Nov 25, 2010 4:37am
Quoting forextine
I'm long also, I noticed that the drop came right down and touched the broken downtrend line. So I figure it should either test the uptrend line that it broke the other day, or just keep going. I'd take 133 in the short term though.
  • #233,004
  • Nov 26, 2010 5:57am Nov 26, 2010 5:57am
Third test on 130.8 on the way
  • #233,005
  • Nov 28, 2010 4:08pm Nov 28, 2010 4:08pm
starting to feel like a lonely bear but I would agree if your trading the higher time frames long is a safe bet but a draw down I couldnt take personally or right now another thing I dont get is why folk are buying eur when its just one tail after another anyway trade for this evening is watching 130.95 support gives imo
  • #233,006
  • Nov 28, 2010 4:13pm Nov 28, 2010 4:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: descending 15.gif Size: 16 KB
  • #233,007
  • Edited 5:16pm Nov 28, 2010 4:58pm | Edited 5:16pm
I still dont understand why G/J went to 1.37xx and fell..

I dont care it fell...but that #1.37xx why?.... No Fib% there in any TFs..

either we are going to 1.90xx,,, or 1.14xx first....

I am just watching...NO TRADES..

1.2765 is where I may consider Long.....
Markets are not Random, they are designed!
  • #233,008
  • Nov 28, 2010 5:28pm Nov 28, 2010 5:28pm
Quoting Raza
I still dont understand why G/J went to 1.37xx and fell..

I dont care it fell...but that #1.37xx why?.... No Fib% there in any TFs..

either we are going to 1.90xx,,, or 1.14xx first....

I am just watching...NO TRADES..

1.2765 is where I may consider Long.....
good question which I don't know the answer to but my pattern failed and buying dips is the way take out 132 and usd buying is the play
  • #233,009
  • Nov 29, 2010 1:17am Nov 29, 2010 1:17am
Quoting Raza
I still dont understand why G/J went to 1.37xx and fell..

I dont care it fell...but that #1.37xx why?.... No Fib% there in any TFs..

either we are going to 1.90xx,,, or 1.14xx first....

I am just watching...NO TRADES..

1.2765 is where I may consider Long.....
GJ is messy right now and will be for the coming weeks I think. While the Euro shenanigans are going on, GJ is unlikely to do much more than range IMO.
EU, I still have a medium term target of 1.24xx and GU <1.48, so i'm not looking to enter any GJ longs any more than a scalp.

Also, one thing t keep in your hip pocket, (as Quecee would day), GJ hit 1.295 during the weekend on INO. Everyone knows what that means to me.

Hope you're doing good Raza.
  • #233,010
  • Nov 29, 2010 1:53am Nov 29, 2010 1:53am
Euro shenanigans are just making it do one thing...
  • #233,011
  • Nov 29, 2010 2:21am Nov 29, 2010 2:21am
Quoting ukdaytrader
GJ is messy right now and will be for the coming weeks I think. While the Euro shenanigans are going on, GJ is unlikely to do much more than range IMO.
EU, I still have a medium term target of 1.24xx and GU <1.48, so i'm not looking to enter any GJ longs any more than a scalp.

Also, one thing t keep in your hip pocket, (as Quecee would day), GJ hit 1.295 during the weekend on INO. Everyone knows what that means to me.

Hope you're doing good Raza.
Hey ukdaytrader, good to see you stop by - hope all is well. I've not been trading GJ because of it's clear dyslexia between the USDJPY & GBPUSD - I drop a small lot buy or sell at the fringes, but it's nothing like the old days. I'm sticking with EU & GU mostly; heck, even EY makes more sense these days. Will be nice if this thread comes back to it's old life one day ... !
  • #233,012
  • Nov 29, 2010 2:37am Nov 29, 2010 2:37am
Quoting Beljevina
Hey ukdaytrader, good to see you stop by - hope all is well. I've not been trading GJ because of it's clear dyslexia between the USDJPY & GBPUSD - I drop a small lot buy or sell at the fringes, but it's nothing like the old days. I'm sticking with EU & GU mostly; heck, even EY makes more sense these days. Will be nice if this thread comes back to it's old life one day ... !
Hey Bel. Yes GJ has been too messy for me to trade for a few months now. GU and EU have presented much better opportunities IMO. That being said, I have a short GJ target of 1.295 sometime this week and i'll add as we drop.

Let's see what develops.
  • #233,013
  • Nov 30, 2010 12:38am Nov 30, 2010 12:38am
Quoting ukdaytrader
Hey Bel. Yes GJ has been too messy for me to trade for a few months now. GU and EU have presented much better opportunities IMO. That being said, I have a short GJ target of 1.295 sometime this week and i'll add as we drop.

Let's see what develops.
the price which crossed up wma200 on july 1 , now crossed down the same and remains closed below since nov 25 ( ref day frame )
i thought it to be in a 'retrace' in an uptrend (since nov13) but now imo this is developing into a 'reversal' what i mean is ---> its getting into a down trend. i'm waiting for some more 'triggers'
BTW This is on a larger canvass. GL
  • #233,014
  • Nov 30, 2010 8:20am Nov 30, 2010 8:20am
That being said, I have a short GJ target of 1.295 sometime this week and i'll add as we drop.

Let's see what develops.

get in there you little peach !!!
  • #233,015
  • Nov 30, 2010 9:10am Nov 30, 2010 9:10am
Quoting cohiba pips
That being said, I have a short GJ target of 1.295 sometime this week and i'll add as we drop.

Let's see what develops.

get in there you little peach !!!

B.I.N.G.O !!!!!!!!!!!!!

Hope you're doing great Cohiba.
  • #233,016
  • Nov 30, 2010 9:31am Nov 30, 2010 9:31am
Quoting ukdaytrader

B.I.N.G.O !!!!!!!!!!!!!

Hope you're doing great Cohiba.
cant complain mate nearly put my fist through the screen yesterday though after five attempts entering gj but five small loses isnt that bad when you can hold onto to the bigger moves

will be back more often next spring
  • #233,017
  • Nov 30, 2010 9:34am Nov 30, 2010 9:34am
Really looking sick the chart
  • #233,018
  • Nov 30, 2010 9:56am Nov 30, 2010 9:56am
So are we going down further or is this it for now?
  • #233,019
  • Nov 30, 2010 10:00am Nov 30, 2010 10:00am
Quoting gillybabe
So are we going down further or is this it for now?
150 pips not enough for you?
  • #233,020
  • Nov 30, 2010 10:04am Nov 30, 2010 10:04am
Quoting harigp
Really looking sick the chart
that 4hr looks like a right bit ach
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