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

  • #234,901
  • Apr 6, 2011 6:58pm Apr 6, 2011 6:58pm
Hey,
I just do Intraday..I don't rely on any particular sign..not even the ones I see DAily under my nose..so a Monthly sign !? who knows about tomorrow so in a Month? Was funny..sorry again..too much cafeine..
I work GBPJPY because it's has huge moves with many swings of 50 pips Daily. Has very strong signals..lot of volatility and Average Daily range about 200 Pips.
I rely mainly on TLs on higher TFs ..use trailing stop at breakeven as soon as possible ..Favorite pairs GJ & EJ..sometimes GBPCHF..stalk & trail..from M5 Chart mainly.
Quoting fxmich
lol. what do you base your trade then?
  • #234,902
  • Apr 6, 2011 7:53pm Apr 6, 2011 7:53pm
Special hello to France & welcome on board!
Quoting rororo
Hi new to this forum

Trading mainly GBP/USD AND GBP/YEN since couple of years.

My pick GBP/YEN is going down, question is when ? Maybe now...
  • #234,903
  • Edited 8:41pm Apr 6, 2011 8:05pm | Edited 8:41pm
Gj still try to make a new high

for me buy on dip
  • #234,904
  • Apr 7, 2011 3:38am Apr 7, 2011 3:38am
Ascending (bullish) triangle?
  • #234,905
  • Apr 7, 2011 3:43am Apr 7, 2011 3:43am
how do you think today's news will affect the pair?
  • #234,906
  • Apr 7, 2011 4:04am Apr 7, 2011 4:04am
Quoting 00montie
how do you think today's news will affect the pair?
Well, very few would expect the UK to raise rates, so I don't think news would heavily impact it today. Probably famous last words, though.
  • #234,907
  • Apr 7, 2011 4:52am Apr 7, 2011 4:52am
M15 chart with some notes
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 29 KB
  • #234,908
  • Apr 7, 2011 5:25am Apr 7, 2011 5:25am
Sitting on ascending triangle lower trendline ... break or bounce here?
  • #234,909
  • Apr 7, 2011 7:07am Apr 7, 2011 7:07am
you guys still believe in the 142 / 143 levels ?
  • #234,910
  • Apr 7, 2011 10:49am Apr 7, 2011 10:49am
nooo ...but yes..I still believe in God :-)
Quoting rororo
you guys still believe in the 142 / 143 levels ?
  • #234,911
  • Apr 7, 2011 10:52am Apr 7, 2011 10:52am
that was excellent!!
PA just stopped top of yellow Daily TL..
If we pass that then straight to Top of DarkGold Weekly res TL@ 135.50
Attached Image (click to enlarge)
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  • #234,912
  • Apr 7, 2011 11:11am Apr 7, 2011 11:11am
Same with EURJPY..be careful huge stopping vol/pin bar crossed H1 Sup TL but didnt close under. And also.. PA just stopped at top of daily Res TL then bounced..
Attached Image (click to enlarge)
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  • #234,913
  • Apr 7, 2011 12:04pm Apr 7, 2011 12:04pm
Quoting rororo
you guys still believe in the 142 / 143 levels ?
Yes, and much more.
  • #234,914
  • Apr 7, 2011 12:20pm Apr 7, 2011 12:20pm
and this is based on ? ..explain please. Anything is always possible..I don't trade the future ..I just trade what I see..like today ..now. Anything that can support that is we just broke Weekly Channel but we don't have an uptrend established yet. For now seems to be lot of weakness.
  • #234,915
  • Apr 7, 2011 12:29pm Apr 7, 2011 12:29pm
Quoting B737Pilot
and this is based on ? ..explain please. Anything is always possible..I don't trade the future ..I just trade what I see..like today ..now. Anything that can support that is we just broke Weekly Channel but we don't have an uptrend established yet. For now seems to be lot of weakness.
obviously, you and i have very different approach in trading.
not going to list out all the detail of why i am bullish. if you want then you can visit my journal.

when trend is defined, it is usually too late for my taste. i like getting in before. i am very bullish on this pair and only thing i will do is buy on dips.

if you like day trading (in-and-out) then stick with what you see in daily bases. i don't trade like that, especially darling geppy.

weakness... we had about 1600 pips of move up. of course there will be a weakness. the way i look at it... pull back to attract more buyers.
  • #234,916
  • Apr 7, 2011 12:33pm Apr 7, 2011 12:33pm
Till you reach UJ on 83.5 hit hard on gj for any upmovment to the down side 136.5 the target which is 150 EMA on H1
  • #234,917
  • Apr 7, 2011 12:38pm Apr 7, 2011 12:38pm
Thanks for the reply..
I totally agree 100 %..My view is for intraday only. GBPJPY has a daily average of 200 pips minimum and it's all that matters to me. I don't mind if it goes up or down I focus on each swing of 50 pips..so I'm always ready for either side North or South.

Quoting pkimnyc
obviously, you and i have very different approach in trading.
not going to list out all the detail of why i am bullish. if you want, then you can visit my journal.

when trend is defined, it is usually too late for my taste. i like getting in before. i am very bullish on this pair and only thing i will do is buy on dips.

if you like day trading (in-and-out) then stick with what you see in daily bases. i don't trade like that.

weakness... we had about 1600 pips of move up. of course there will be a weakness. the way i look at it... pull back...
  • #234,918
  • Apr 7, 2011 12:54pm Apr 7, 2011 12:54pm
Quoting B737Pilot
I focus on each swing of 50 pips..so I'm always ready for either side North or South.
yep, i do that also, but with euro. average daily range is about 80-120. much easier than geppy to aim 50 pips. but that's just me.
  • #234,919
  • Apr 7, 2011 1:00pm Apr 7, 2011 1:00pm
GJ Daily chart Bear and RSI moved from 70 as per TL it is bullish but has to retrace for new buyers to come in.
Attached Image (click to enlarge)
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  • #234,920
  • Apr 7, 2011 1:01pm Apr 7, 2011 1:01pm
I did that with EUR for a while but has lot of fake signals and rarely swings of 50 pips. Volatility is not as good..GBPJPY is the carry trade pair..more professional money is involved. So very strong signals are present. Also the favorite pair for proprietary trading.
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