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GBP/AUD

  • #61
  • Feb 13, 2014 11:38pm Feb 13, 2014 11:38pm
Quoting Slim Buffett
Shorted both G/A and G/N a bit ago.
Closed shorts with no major damage
May regret it, may not

At this moment, there isn't a great deal of clarity there (IMHO)
GL
When the Joker is in the deck.. fear not and play it well
  • #62
  • Feb 14, 2014 12:07am Feb 14, 2014 12:07am
Quoting Slim Buffett
{quote} Closed shorts with no major damage May regret it, may not At this moment, there isn't a great deal of clarity there (IMHO) GL
I think if you short this you can win.
But you will probably win more on AUD leg and lose on GBP leg over the long term. But GBP/AUD is also more AU risk than it is GU risk.
In the near term it is still possible to lose on both! Especially GBP if the level breaks higher.
You might as well just go long AU at a good price. Shorting GU isn't too smart over a long horizon.
  • #63
  • Feb 14, 2014 12:25am Feb 14, 2014 12:25am
Quoting dsncorp
Very very nice entry turu..
Thanks but got stopped out.
The trader IS the holy grail.
  • #64
  • Feb 14, 2014 12:29am Feb 14, 2014 12:29am
Quoting eurusd_trade
{quote} I think if you short this you can win. But you will probably win more on AUD leg and lose on GBP leg over the long term. But GBP/AUD is also more AU risk than it is GU risk. In the near term it is still possible to lose on both! Especially GBP if the level breaks higher. You might as well just go long AU at a good price. Shorting GU isn't too smart over a long horizon.
It was a short term risk (read; gamble)). G/A & G/N can be the beast at times.
Now that I closed (esp. G/N) it's moving more in my direction (typical). Doesn't matter.

Moral of the story... ? If you want to try and "tame the beast" you have to jump
in the ring..... don't let it kill ya' though ??
When the Joker is in the deck.. fear not and play it well
  • #65
  • Feb 14, 2014 12:36am Feb 14, 2014 12:36am
Quoting Slim Buffett
{quote} It was a short term risk (read; gamble)). G/A & G/N can be the beast at times. Now that I closed (esp. G/N) it's moving more in my direction (typical). Doesn't matter. Moral of the story... ? If you want to try and "tame the beast" you have to jump in the ring..... don't let it kill ya' though ??
well especially G/N is just leveraged N/U pretty much. Yes it is a massive beast. Make sure when you're trading something like this you actually have a strong view on both legs and you have an even stronger view on the non-GBP leg because that leg dominates.
As I said, I don't think there's a particularly strong argument for being -GU with next week's data and the big stops higher.
At the same time, some people are saying short G/A and long G/N. That's really just long A/N... which suffered some setback yesterday after AUD employment but could still be a reasonable view if we can find renewed interest... for now I would wait.
Anyway, good luck with these, I personaly find it easier to trade the directs. Remember the pips in G crosses are BIG (almost double the pips in a normal major, so adjust your risk/reward accordingly).
  • #66
  • Feb 14, 2014 12:52am Feb 14, 2014 12:52am
Quoting eurusd_trade
well especially G/N is just leveraged N/U pretty much. Yes it is a massive beast. Make sure when you're trading something like this you actually have a strong view on both legs and you have an even stronger view on the non-GBP leg because that leg dominates.
As I said.... it was a short-term "risk-gamble".
Nothing gained. Not much lost.

Quoting eurusd_trade
Remember the pips in G crosses are BIG (almost double the pips in a normal major, so adjust your risk/reward accordingly).
And I sincerely appreciate your sentiment.
Given the fact that I've likely been trading at least twice as long as you
you are making some great revelations.


cheers
When the Joker is in the deck.. fear not and play it well
  • #67
  • Feb 14, 2014 3:11am Feb 14, 2014 3:11am
Quoting Slim Buffett
{quote} As I said.... it was a short-term "risk-gamble". Nothing gained. Not much lost. {quote} And I sincerely appreciate your sentiment. Given the fact that I've likely been trading at least twice as long as you you are making some great revelations. cheers
i wasn't talking specifically to you. and i've been trading since 2009
i'm trying to help whoever is reading this thread. cheers.
btw, notice GU higher, AU higher, GA lower, like I just posted hours ago.
  • #68
  • Feb 23, 2014 9:38am Feb 23, 2014 9:38am
SELL STOP order on Daily

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Trade.png Size: 40 KB


http://www.gripforex.com/topic/weekl...ge/3/#post-844
  • #69
  • Feb 26, 2014 7:41pm Feb 26, 2014 7:41pm
Tempted to go short into an aggressive H&S sell if price makes it above the 1.87 number..
Attached Image (click to enlarge)
Click to Enlarge Name: gahandshoulders.png Size: 34 KB
  • #70
  • Feb 27, 2014 6:15pm Feb 27, 2014 6:15pm
Hourly TF => : EURUSD 1.3706 (-4) ... GBPUSD 1.6690 (+1) ... USDJPY 102.12 (±0) ... EURJPY 139.97 (-4) ... AUDUSD 89.60 (+3) ... NZDUSD 83.73 (±0) ... GBPJPY 170.43 (-3) ... GBPAUD 1.8625 (+4) ... 00h59 CET ...

GBPAUD ... probably 50 pips higher today ... if well supported above 1.8550 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #71
  • Feb 27, 2014 7:14pm Feb 27, 2014 7:14pm
Quoting mercy seat
Hourly TF => : EURUSD 1.3706 (-4) ... GBPUSD 1.6690 (+1) ... USDJPY 102.12 (±0) ... EURJPY 139.97 (-4) ... AUDUSD 89.60 (+3) ... NZDUSD 83.73 (±0) ... GBPJPY 170.43 (-3) ... GBPAUD 1.8625 (+4) ... 00h59 CET ... ;-|

GBP/AUD :


ENTRY buy 1.86180 ... another pending order at 1.8610 ... projection 1.8650 and 1.8670 at first ...

01h59 CET

No stops atm ... critical zone is 1.8470 for now ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #72
  • Edited 3:07pm Feb 28, 2014 12:32am | Edited 3:07pm
Quoting mercy seat
Hourly TF => : EURUSD 1.3706 (-4) ... GBPUSD 1.6690 (+1) ... USDJPY 102.12 (±0) ... EURJPY 139.97 (-4) ... AUDUSD 89.60 (+3) ... NZDUSD 83.73 (±0) ... GBPJPY 170.43 (-3) ... GBPAUD 1.8625 (+4) ... 00h59 CET ... GBPAUD ... probably 50 pips higher today ... if well supported above 1.8550 ...

Okay ... okay good ... a major probability target has been reached ... 75% profits has been taken ... no need to wait until "Sanktus Nimmerlein" as we are able to create fresh ideas for many times a day ...

Quoting mercy seat
{quote} GBP/AUD : ENTRY buy 1.86180 ... another pending order at 1.8610 ... projection 1.8650 and 1.8670 at first ... 01h59 CET No stops atm ... critical zone is 1.8470 for now ... ;-|


GBP/AUD :


Hourly probability has been up mildly (+4) and some multiple methods hurdles has been hit either side ... lowest been approx 1.8567 highest been approx 1.8658 ...

And if wanted we can post a graphical chart view as well ... Attachment

I say "if wanted" ... or better would be to say "if needed" ...

Why? Well - because those chart pattern like "head and shouldern" or reasons of "risk and reward" are of minor interest for a trader who wants to make money ...

A "winning sytem" doesn't care such things ... we don't care as well ... there are much more competitive reasons to take a trade ...

TGT 1 = 1.8650 ... this has been hit and executed ... we took 75% profit on this ...

TGT 2 = 1.8670 ... still a pending one ... we still are active with 25% on this ...

But now we are not much interested in that TGT anymore ... therefore OCO protection with a "one pip profit stop" at 1.8611 ... as our best and largest ENTRY has been executed at 1.8610 ... and that has been in Tokyo Session at 02h06 CET ...

We are in it for making money ... nothing else ...

Looking out for graphic pattern is nice as well ... but most often missleading and or most often preventing from making money ... and most often a waste of time ...

Moreover a reliable and good working statistic calculation of probabilities is a much more complex issue and it can't be represented in social media networks ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #73
  • Edited 3:07pm Feb 28, 2014 1:55am | Edited 3:07pm
GBP/AUD :


Our beloved TGT 2 has been hit as well ... its done ... profits taken ... greenies cashed ... A REVERSO procedures considered since 1.8677 has been given ...

08h45 CET

All the best ... thanx for the nice thread about this pair ... bye bye ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #74
  • Feb 28, 2014 3:38pm Feb 28, 2014 3:38pm
Quoting mercy seat
{quote} GBP/AUD : Major Daily Trend = Bullish (+5) Hourly Trend = Bullish (+4) Critical resistance zones for today is at 1.8690 (hourly basis) and then followed by 1.8750 zone on a daily basis ... Still up but major move might have been done soon ... No further reasons ... ;-|

GBP/AUD :


Violation of critical zone occurred ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #75
  • Mar 1, 2014 11:16pm Mar 1, 2014 11:16pm
Quoting mercy seat
{quote} GBP/AUD : Violation of critical zone occurred ... ;-|

GBP/AUD :

Which means that it is more likely we are eyeing for higher levels in the near future ... and further price action towards above 1.8805 and even higher rates than 1.8830 or 1.8840 cannot be ruled out anymore ... but otherwise there is room for some corrective action and a pullback as long as 1.8870 cannot be crossed anytime soon ...
Its critical support is considered at around 1.8509 on a daily basis. And a premature move to below 1.8620 or even somewhat more is urgently needed in order to maintain a suitable downwards structure ... currently the market has seen its settlement around 1.8755 ...

Hourly TF => : EURUSD 1.3797 (+4) ... USDCHF 0.8789 (-5) ... GBPUSD 1.6732 (+5) ... USDJPY 101.75 (±0) ... USDCAD 1.1065 (±0) ... EURJPY 140.36 (+3) ... AUDUSD 89.21 (-3) ... NZDUSD 83.80 (+4) ... GBPJPY 170.32 (+3) ... GBPAUD 1.8755 (+6) ... 22h55 CET ... Friday 28. Feb 2014

EUR/USD :

Hourly trend with a bullish biased tone after it did give us a close above its critical level at 1.3780 zone ... a pullback to below its former breakout zone 1.3777 is likely on Monday ... as long as capped below 1.3840 (hourly basis) zone ... Attachment
Otherwise further upside attempts towards 1.3853 or even to above 1.3880 are possible now ... especially while it remains well supported above 1.3718 - 1.3690 zone ... which is considered to act as its critical support zone on a daily basis for now ...

EUR/JPY :

This pair looks more tempting to me at the present time. We still have some smaller active sell positions from 140.97 on board. Neutralized setup with mild positive stance with a possible objective area at 141.27 - 141.56 zone ... which is more likely to be tested again ... especially while it remains well supported above 139.70 zone ... whereas its critical support is considered near 139.15 and below 138.95 zone ... Attachment



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-28_22h55_ GBPAUD _ min720 _ (pure) barchart (HL + MA).PNG Size: 38 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #76
  • Mar 3, 2014 10:24am Mar 3, 2014 10:24am
Getting ready to short this pair. Though I may wait for 3.30GMT news.
  • #77
  • Mar 3, 2014 11:31am Mar 3, 2014 11:31am
Quoting mercy seat
{quote} Oki-Doki ... market moved a little bit and gave us some nice opportunities to cash some and even improve our general parameters with some fresh re-do-entries ... ;-|

GBP/USD :


This pair looks this way for now ... after we have had some profitable position squaring procedures again ...

Currently we are still long ... but now with avg BE @ 1.670156 ... TGT and strategies did not change that much ... you can see all these facts as shown in graphics here ... Attachment

Similar procedures in EUR/USD pair as well ...


EUR/USD :


Currently we are still long wirh fresh re-do-entries again ... after we have had some partial EXITS before ... and some fine tuning adjustments afterwards ...

Total avg is @ 1.37495 since then ...

Critical support as mentioned before ... nothing changed ...


GBP/JPY :


Absolutely nothing changed ... same parameters as mentioned before ... still long with avg of total amounts at 169.30 ... but now with EOD profit stops ... and still with ENTRY limit 169.10 which has not been executed until now ...


GBP/AUD :


Overall the Sterling remains set for higher attempts ... nevertheless we did take some partial profits in this pair ... but that is a few hours ago ... done at 1.87632 ... European Session ... at 11h47 CET ...

Now we did reload some fresh buy positions in 1.8690 - 1.8680 zone ... 18h26 CET ...

Have a nice one! All the best ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #78
  • Mar 3, 2014 11:22pm Mar 3, 2014 11:22pm
Hourly TF => : EURUSD 1.3734 (+1) ... USDCHF 0.8831 (-2) ... GBPUSD 1.6664 (+2) ... USDJPY 101.43 (-2) ... USDCAD 1.1075 (±0) ... EURJPY 139.32 (-1) ... AUDUSD 89.37 (-3) ... NZDUSD 83.72 (±0) ... GBPJPY 169.03 (-2) ... GBPAUD 1.8648 (+1) ... 23h15 CET ... Monday 03. Mar 2014


Just this morning in early Asian Session we have been able to fix all five major instruments of our interests ...

Especially GBP/AUD pair has seen a dip (kind of spike move) of higher speed and we have been able to use that for our purposes ...

As a result we are long in GBP/AUD pair with avg 1.857478 (!) and before that we have been able to take profits with merger and fractalizer features ...

GBP/AUD :

We are still long in this pair and with fresh low zone ENTRIES after ROLL while Asian Session is running. Wie auch immer ... our avg and total BE is at 1.857478 for now ... done since 04h30 CET ... which is finally a result and kind of reward for perseverance ...

And we are eyeing for a move to above 1.8708 zone and or even higher again as a result ... Attachment ... and our beloved critical support is considered at 1.8505 zone for today ...

Unless its critical zone has not been broken we are looking for trades with higher zone projections for today ... and this would change only with a clean cross of below 1.8505 for now ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #79
  • Mar 4, 2014 9:21am Mar 4, 2014 9:21am
GBP/AUD :


This market is not moving nicely anymore ... and I'm not willing to wait longer for more ...

I will take profit soon ... currently we are + 68 or 70 pips ... 1.8650 approximately ...

I don't care ... schnurz pieps ... Attachment ... Ende ...

We will come back to this at another point of time ...

See you later ... all the best!



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #80
  • Mar 5, 2014 2:52am Mar 5, 2014 2:52am
Hourly TF => : EURUSD 1.3742 (+1) ... USDCHF 0.8874 (-4) ... GBPUSD 1.6664 (-1) ... USDJPY 102.24 (-3) ... USDCAD 1.1092 (+1) ... EURJPY 140.43 (-5) ... AUDUSD 89.51 (-4) ... NZDUSD 83.89 (±0) ... GBPJPY 170.30 (-4) ... GBPAUD 1.8618 (+3) ... 23h15 CET ... Tuesday 04. Mar 2014


Hmm ... ja ...

Good plans and an accurate working system needs a lot of efforts ...

It is very time consuming ...

We prefer to make our own works at its very best at first ...

GBP/AUD :

Long again 1.85700 and 1.85600 ... with possible projection towards 1.8620 - 1.8650 or even above that in case of an extension ...

Critical support considered around 1.8505 and 1.8480 zone ...

On a weekly basis it is set in a corrective consolidation ping-pong-mode ... neutralized with mild positive structures ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-05_09h29_ GBPAUD _ min005 _ (2spa) candlesticks (DPP + 1100x800).PNG Size: 21 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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