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

  • #18,361
  • Aug 29, 2007 5:04pm Aug 29, 2007 5:04pm
Quoting lilmoe
what should zoran have ready for u if it didn't
When he hears the latex slap onto my wrists, he'll know!
  • #18,362
  • Aug 29, 2007 5:06pm Aug 29, 2007 5:06pm
Quoting I.Y.I
Aus,don't u think that there is some kind of retracement on due?

smells like it
  • #18,363
  • Aug 29, 2007 5:06pm Aug 29, 2007 5:06pm
Quoting I.Y.I
Aus,don't u think that there is some kind of retracement on due?

It seems to be in the way , but we'd rather take care cause 2 doji , a bearish engulfing candle on the top of a resistance can be the sign of a reversal
COT: The precious data ignored
  • #18,364
  • Aug 29, 2007 5:07pm Aug 29, 2007 5:07pm
Quoting Zoran
When he hears the latex slap onto my wrists, he'll know!

next target Aus's SL

jokes...
  • #18,365
  • Aug 29, 2007 5:08pm Aug 29, 2007 5:08pm
Alright. Quick example for all newbies (and any others interested) on how the 5SMA works in relation to price retracements. This is a 1H chart which was showing negative momentum at 2000 GMT (4PM EST). It looked like a retrace to the 5SMA on the hourly was a certainty. However, because volume disappears at 4PM EST the momentum indicator could not be fully trusted to pull price down. So what has happened since then? The 5SMA has come up to meet price. In a moving market price will seek out the 5SMA. In a low volatility market the 5SMA will seek out price. Hope this helps.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 20 KB
  • #18,366
  • Aug 29, 2007 5:10pm Aug 29, 2007 5:10pm
Quoting my2buoys
Alright. Quick example for all newbies (and any others interested) on how the 5SMA works in relation to price retracements. This is a 1H chart which was showing negative moementum at 2000 GMT (4PM EST). It looked like a retrace to the 5SMA on the hourly was a certainty. However, because volume disappears at 4PM EST the momentum indicator could not be fully trusted to pull price down. So what has happened since then? The 5SMA has come up to meet price. In a moving market price will seek out the 5SMA. In a low volatility market the 5SMA will seek out price. Hope this helps.

M2B
Thanks man!!
  • #18,367
  • Aug 29, 2007 5:10pm Aug 29, 2007 5:10pm
I hope I can ask this. If the g/j goes up with the DOW does it go down if the Nikkei is positive? It was down yesterday I guess I am assuming it will be up like the DOW was today.

Thanks

Spent1
  • #18,368
  • Edited 5:39pm Aug 29, 2007 5:27pm | Edited 5:39pm
Anyway, bed time here. But before I go, a quick lesson on trendlines for Aussie. Even a seemingly insignificant line on the 1 min guppy chart could have an impact. Good sign to close positions so I will see you "longs" again at 233.33 (nice number) - or maybe a bit higher. Good night!

Z
Attached Image (click to enlarge)
Click to Enlarge Name: guppy1min.gif Size: 15 KB
  • #18,369
  • Aug 29, 2007 5:38pm Aug 29, 2007 5:38pm
Quoting Zoran
Anyway, bed time here. But before I go, a quick lesson on trendlines for Aussie. Even a seemingly insignificant line on the 1 min guppy chart could have an impact. Good sign to close positions so I will see you "longs" again at 233.33 (nice number). Good night!

Z

sleep tight
  • #18,370
  • Aug 29, 2007 5:48pm Aug 29, 2007 5:48pm
Hi, just a newbie here but from what i have learnt from u mates i think u mates should check the fib level on 1hr(retracement) which also hold on 30mins and 15mins TF. hey what do i know just my thought and am willing to learn more.
  • #18,371
  • Aug 29, 2007 6:04pm Aug 29, 2007 6:04pm
mornin everyone

so who got caught with their shorts down?
  • #18,372
  • Aug 29, 2007 6:05pm Aug 29, 2007 6:05pm
Would this be considered a retracement or reversal?
  • #18,373
  • Aug 29, 2007 6:07pm Aug 29, 2007 6:07pm
To Spent1.... it is a retracement
  • #18,374
  • Aug 29, 2007 6:09pm Aug 29, 2007 6:09pm
This looks like the 4H retracement which is long overdue. If it completes before 8PM EST it could go as low as 232.30. Because volume is still low it probably won't go that low. 5SMA will probably come up to meet price somewhere between there and where price is right now.

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4h.gif Size: 22 KB
  • #18,375
  • Aug 29, 2007 6:10pm Aug 29, 2007 6:10pm
Do u think guys that these retracement move could continue to 4H 5SMA?
  • #18,376
  • Aug 29, 2007 6:12pm Aug 29, 2007 6:12pm
Quoting I.Y.I
Do u think guys that these retracement move could continue to 4H 5SMA?

I'm expecting a rebound @ around 233.19-23
I found a support line but if it breaks....
Let's cross fingers
COT: The precious data ignored
  • #18,377
  • Aug 29, 2007 6:12pm Aug 29, 2007 6:12pm
Thank you for the answer. Trying to get use to 100 pip moves
  • #18,378
  • Aug 29, 2007 6:12pm Aug 29, 2007 6:12pm
My 4H 5SMA is around 232.18
  • #18,379
  • Aug 29, 2007 6:14pm Aug 29, 2007 6:14pm
Quoting kuroro001
I'm expecting a rebound @ around 233.19-23
I found a support line but if it breaks....
Let's cross fingers
Yeah!
  • #18,380
  • Aug 29, 2007 6:18pm Aug 29, 2007 6:18pm
Crazy market .. up and down . up and .. down in several hours only. I think, investors are still nervous, don't want to hold position long ..been trapped many time previously.
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