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

  • #235,501
  • Apr 15, 2012 7:04pm Apr 15, 2012 7:04pm
The chart below shows a possible scenario for the London session. Pay close attention to PA near 5740.
Attached Image (click to enlarge)
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Thanks for all the fish
  • #235,502
  • Apr 16, 2012 1:13am Apr 16, 2012 1:13am
Should be good area to go long. Buy limit at 126.90, SL 126, TP 135.50. Might take a month or so for this trade to play out. Only 2 more months before summer season kicks in. Better grab as many pips as we can.
  • #235,503
  • Apr 19, 2012 7:13am Apr 19, 2012 7:13am
But remind me what happens in the summer season to guppy? tight range?

Quoting $teve
Should be good area to go long. Buy limit at 126.90, SL 126, TP 135.50. Might take a month or so for this trade to play out. Only 2 more months before summer season kicks in. Better grab as many pips as we can.
  • #235,504
  • Apr 19, 2012 7:16am Apr 19, 2012 7:16am
didn't it pay me back?!? http://www.forexfactory.com/rmrf eh?

Quoting PhAnTi'
always good to buy the complete downtrend


...not !


lol.
  • #235,505
  • Apr 19, 2012 7:22am Apr 19, 2012 7:22am
PRICE now IS ALWAYS THE KEY, YOU CAN ONLY TRADE now, AND IT CAN always go either way, but zoom out, clearly its still LT trend up. Once we blow through 131.00 you may as well say hello to 133.00

Quoting PhAnTi'
definietly not...price is the key.
  • #235,506
  • Apr 19, 2012 11:03am Apr 19, 2012 11:03am
Quoting rmrf
PRICE now IS ALWAYS THE KEY, YOU CAN ONLY TRADE now, AND IT CAN always go either way, but zoom out, clearly its still LT trend up. Once we blow through 131.00 you may as well say hello to 133.00
Looks like its having a hard time getting past 131.00 If we don't break it I don't think we're gonna ever see 133 anytime soon. This could be the right shoulder of a huge Head and shoulders.
  • #235,507
  • Apr 19, 2012 4:20pm Apr 19, 2012 4:20pm
Still heading up looKs like to me, strong close for the day up 70+ PIPS.

Quoting mrroboto
Looks like its having a hard time getting past 131.00 If we don't break it I don't think we're gonna ever see 133 anytime soon. This could be the right shoulder of a huge Head and shoulders.
  • #235,508
  • Apr 19, 2012 4:31pm Apr 19, 2012 4:31pm
Quoting rmrf
Still heading up looKs like to me, strong close for the day up 70+ PIPS.
I got out too early, looking to buy later, I wouldn't be surprised if it went all the way to 133 today.
  • #235,509
  • Apr 19, 2012 7:26pm Apr 19, 2012 7:26pm
Quoting mrroboto
I got out too early, looking to buy later, I wouldn't be surprised if it went all the way to 133 today.
low volume headfake, I'm short, its either a right shoulder or a 200 pip retracement.
  • #235,510
  • Apr 20, 2012 4:10am Apr 20, 2012 4:10am
133.00 seems certain at this point, I was seing the same thing on AJ (AUD/JPY) but bailed out of those shorts with few pips. I remain long and bullish guppy.

Quoting mrroboto
low volume headfake, I'm short, its either a right shoulder or a 200 pip retracement.
  • #235,511
  • Apr 20, 2012 4:15am Apr 20, 2012 4:15am
its guppy juggernaut!

Quoting mrroboto
low volume headfake, I'm short, its either a right shoulder or a 200 pip retracement.
  • #235,512
  • Apr 24, 2012 7:50pm Apr 24, 2012 7:50pm
Quoting rmrf
its guppy juggernaut!
Sell at 131.98 right now Still LONG!
  • #235,513
  • Apr 28, 2012 11:02pm Apr 28, 2012 11:02pm
hi friends, hope that help
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  • #235,514
  • May 7, 2012 8:14am May 7, 2012 8:14am
Anyone else thinking of long here? I still think as long as price remains above the neckline at 127, price is more likely to head towards 140 and higher. How long it takes to get there is the million dollar question. I guess extra patience is needed in a market like this.
  • #235,515
  • May 8, 2012 1:22am May 8, 2012 1:22am
Quoting $teve
Anyone else thinking of long here? I still think as long as price remains above the neckline at 127, price is more likely to head towards 140 and higher. How long it takes to get there is the million dollar question. I guess extra patience is needed in a market like this.
Let me prescribe you some patience pills
Trade what you see, not what you think.
  • #235,516
  • May 8, 2012 12:43pm May 8, 2012 12:43pm
Quoting karmostaji
Let me prescribe you some patience pills
Cool thanks but I have to be careful and not to overdose myself.

I think as long as price doesn't trade below 127, then this is a great area to build up long for the next 1000+ pips run-up.
  • #235,517
  • May 10, 2012 1:04am May 10, 2012 1:04am
Quoting $teve
Cool thanks but I have to be careful and not to overdose myself.

I think as long as price doesn't trade below 127, then this is a great area to build up long for the next 1000+ pips run-up.
I Started loading up at 128 & i am just going to keep adding till 133 before I think about any more down right now. BECAREFULL AT AROUND 130.50 IF WE DROP FROM THERE WE COULD SEE 127 OR 126 EVEN
  • #235,518
  • May 17, 2012 10:41am May 17, 2012 10:41am
[quote=pip_designer;5506897]Fibonnaci retracement should be going down to the 125.5 area. That is also a resistance area.[/quo

It took a while to get to the 50% fibonnaci. I will start to build longs from her to the 61.8. My stop loss would be 123
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  • #235,519
  • May 17, 2012 11:32am May 17, 2012 11:32am
Target @ 125.50 hit. Scaled out most of my position and leaving the rest to run. What a great market to trade ;-)

Shout outs to all the oldschool traders, if there are any left in this thread. One love ya'll!

;-)
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  • #235,520
  • Edited 8:27pm May 30, 2012 8:08pm | Edited 8:27pm
Quoting maanawi
hi friends, hope that help
http://www.forexfactory.com/attachme...1&d=1335672104
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