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-   -   Auslanco - GBP/JPY and GBP/USD (newstrade) (https://www.forexfactory.com/thread/40582-auslanco-gbpjpy-and-gbpusd-newstrade)

pash78 Mar 19, 2010 1:22pm | Post# 218901

Closed all shorts today from 139.06.
 
1 Attachment(s)
Added small longs here hoping it as end of Wave 4. Stop loss 135.00. Will set target as we move up.
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Clouds Mar 19, 2010 1:25pm | Post# 218902

the trend lines- or uptrend, was just bear flag,,cause there isn't such a thing as an up trend in a down trend, so now we go down, i think ill buy at 120 though, it should be good for a quick bounce, (maybe)

and if really 132 was the bottom, it would have bounced better than a 3-week (weak) bull trend

(disclaimer: just thoughts)

quecee5 Mar 19, 2010 1:54pm | Post# 218903

the trend lines- or uptrend, was just bear flag,,cause there isn't such a thing as an up trend in a down trend, so now we go down, i think ill buy at 120 though, it should be good for a quick bounce, (maybe)

and if really 132 was the bottom, it would have bounced better than a 3-week (weak) bull trend

(disclaimer: just thoughts)
That was my concern should have been impulsive and closed nicely above 139.30/40 area. . .

However, the pattern is still somewhat suspect IMO - even with this move lower if we close like this we have still put in a higher low for the week. . . and the weekly is still bullish - this would mean we failed to take out last weeks low. . . and that is suspect IMO. . .

Still we have to see how it closes today which will be very important going into next week trading session. . .

Clouds Mar 19, 2010 2:02pm | Post# 218904

That was my concern should have been impulsive and closed nicely above 139.30/40 area. . .

However, the pattern is still somewhat suspect IMO - even with this move lower if we close like this we have still put in a higher low for the week. . . and the weekly is still bullish - this would mean we failed to take out last weeks low. . . and that is suspect IMO. . .

Still we have to see how it closes today which will be very important going into next week trading session. . .
it's below 20/40 EMA's on monthly, weekly and daily.. momentum is down on monthly... the only thing that could get GJ to change trends, could "maybe be" a strong move down into 60-70ish or something, then a huge buying spree, breaking through 100- then 150- and up.. just a thought

quecee5 Mar 19, 2010 2:05pm | Post# 218905

it's below 20/40 EMA's on monthly, weekly and daily.. momentum is down on monthly... the only thing that could get GJ to change trends, could "maybe be" a strong move down into 60-70ish or something, then a huge buying spree, breaking through 100- then 150- and up.. just a thought

Let me ask you a question? where is your daily gann sitting? Price wise?

Clouds Mar 19, 2010 2:16pm | Post# 218906

Let me ask you a question? where is your daily gann sitting? Price wise?
dont have that on my charts. other than trend lines, i'll look at EMA's, which 20/40 on daily are 137.28/139.2

quecee5 Mar 19, 2010 2:23pm | Post# 218907

dont have that on my charts. other than trend lines, i'll look at EMA's, which 20/40 on daily are 137.28/139.2
okay I see. . .

crazy horse Mar 19, 2010 2:29pm | Post# 218908

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oh... shy of only 6 pips what i mentioned yesterday,, eur /usd is indeed forming a H&S , .. eur/jpy also busy with one and as i can see gbp/jpy also topped out ..
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Geppy Mar 19, 2010 2:33pm | Post# 218909

oh... shy of only 6 pips what i mentioned yesterday,, eur /usd is indeed forming a H&S , .. eur/jpy also busy with one and as i can see gbp/jpy also topped out ..
Here we go...

crazy horse Mar 19, 2010 2:37pm | Post# 218910

gbp/jpy go as planned ... still another 100 pips to go to 134.75/84 ,where it will bounce from there to 138... eur/jpy the same view as gbp/jpy.

gbp/jpy topped and we will see next week a steady bounce back up to 138 to form the right shoulder !

rgitt05 Mar 19, 2010 2:37pm | Post# 218911

OMG..I check the posts and GUCC is still here..

You never give up posing your sorry setups..



Here we go...

erikte279 Mar 19, 2010 2:40pm | Post# 218912

lmao...

OMG..I check the posts and GUCC is still here..

You never give up posing your sorry setups..


crazy horse Mar 19, 2010 2:44pm | Post# 218913

Here we go...

yip if you did followed you could make a killing 2day..eur/jpy/ gbp/jpy and eur/usd ..

i banked my 12000$ and its still going ..

have a good weekend ..

BUY EUR/USD IF IT GET TO 1.3494 to 1.3725 .

buy eur/jpy @ 121.35 or keep selling to 121.35

buy gbp/jpy 134.65/75 or keep selling to 134.65/75..

stay the same as yesterday ..

Clouds Mar 19, 2010 2:50pm | Post# 218914

yip if you did followed you could make a killing 2day..eur/jpy/ gbp/jpy and eur/usd ..

i banked my 12000$ and its still going ..

have a good weekend ..

BUY EUR/USD IF IT GET TO 1.3494 to 1.3725 .

buy eur/jpy @ 121.35 or keep selling to 121.35

buy gbp/jpy 134.65/75 or keep selling to 134.65/75..

stay the same as yesterday ..
i hate that word....! the 'buy'' word.

have a good weekend!

crazy horse Mar 19, 2010 2:54pm | Post# 218915

i hate that word....! the 'buy'' word.

have a good weekend!

you are ok,,you selled at top and you will killed it .. i did also at the confluence area @139.16 ,but i will load most of at 134.75 and reload again at 138

Clouds Mar 19, 2010 3:01pm | Post# 218916

you are ok,,you selled at top and you will killed it .. i did also at the confluence area @139.16 ,but i will load most of at 134.75 and reload again at 138
well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...

quecee5 Mar 19, 2010 3:13pm | Post# 218917

well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...
Seems to me on such low volume they can take price where ever they want it at this point. . . It could go anywhere. . .

But it strange to me that price stopped right at the daily gann to the pip - something to think about and again the daily close will be important for the coming week. . .

A daily close above 136 will not bold well for shorting next week. . . and looking at the pattern from 139-135.50 it looks corrective. . .

But lets see where it closes today 136 to be or 136 not be. . . above 136 we could see a gap open 50 pips or so up below 136 and 135 is the target initially. . .

Leche Mocha Mar 19, 2010 3:13pm | Post# 218918

Here we go...
I know. He (Gucc) kinda reminds of this guy for some reason:

http://i174.photobucket.com/albums/w...1419/joker.jpg

It would a be cool avatar.

crazy horse Mar 19, 2010 3:17pm | Post# 218919

well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...

im short bias ,, but we will pause at 134.75/85 and we might be in for a bounce back up all the way to 138 max ..i keep stay short but will load 80% off at 134.75..thats how i see it ..

Geppy Mar 19, 2010 3:19pm | Post# 218920

im short bias ,, but we will pause at 134.75/85 and we might be in for a bounce back up all the way to 138 max ..i keep stay short but will load 80% off at 134.75..thats how i see it ..
Anyone care to write up a contrarian EA on Gucc's posts? Could be lucrative


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