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

  • #25,681
  • Sep 12, 2007 6:04pm Sep 12, 2007 6:04pm
Quoting brok
Yes but yesterday we have taken an order without this rule... I guess we can bend this rule time to time... For the moment I am considering the QQE on M30, an upper trendline and MA 50... Otherwise it would/could be a good trade...
sure. I'm going to tke this trade since this is the 2nd attempt by 1hr QQE5 to break the 50ema.
  • #25,682
  • Sep 12, 2007 6:06pm Sep 12, 2007 6:06pm
aus man....breakout which direction?north or south
  • #25,683
  • Sep 12, 2007 6:08pm Sep 12, 2007 6:08pm
Quoting bayoor
aus man....breakout which direction?north or south

We will have to wait and see..
  • #25,684
  • Sep 12, 2007 6:09pm Sep 12, 2007 6:09pm
Quoting auslanco
sure. I'm going to tke this trade since this is the 2nd attempt by 1he QQE5 to break the 50ema.
So, are u planning to take short? I just exited my short for a few pips, saw stoch is at oversold .. felt a little chicken .. but ok, to buy beer
Btw, 1hr qqe is very bearish.
  • #25,685
  • Sep 12, 2007 6:12pm Sep 12, 2007 6:12pm
Quoting auslanco
You got 30min 50ema to the upside and 1hr 50ema to the downside.. There will be a breakout soon...
I know your time (and the other 1KT's) time is really valuable, so I will make my question short and sweet. What would be the signals to watch for to recongnize the beginning of the breakout?

Also, thank you to all of you who contribute so much to this thread. I have learned a lifetime worth of trading information.
  • #25,686
  • Sep 12, 2007 6:14pm Sep 12, 2007 6:14pm
Quoting mktjong
So, are u planning to take short? I just exited my short for a few pips, saw stoch is at oversold .. felt a little chicken .. but ok, to buy beer
Btw, 1hr qqe is very bearish.
I will wait for this hourly bar to close below 1hr 50ema. before going short.
  • #25,687
  • Sep 12, 2007 6:17pm Sep 12, 2007 6:17pm
Quoting auslanco
G'morning... Hakuna 50Ema is a pain in the ass..

yeah bro--just like the other day--we were waiting endlessly for it to brk and close above that ema on 1hr

bloody pain--im still favouring shorts

could go touch 100sma on 1hr and bounce back up--
  • #25,688
  • Sep 12, 2007 6:19pm Sep 12, 2007 6:19pm
I don't know guys . . . would not surprise me to see the 1HR 50ema hold . . . and we are at 4HR supporting TL . . . the 232.40 level is not out of the question.

Although, world economics lends preferred "pressure" to the SHORT side.

In any event we are close to nut-bustin time! (again)

Luck to all
  • #25,689
  • Sep 12, 2007 6:23pm Sep 12, 2007 6:23pm
possible bounce back from the 4hr Gann
  • #25,690
  • Sep 12, 2007 6:25pm Sep 12, 2007 6:25pm
either a bounce or a break of bottom TL? i will wait
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr.gif Size: 18 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #25,691
  • Sep 12, 2007 6:27pm Sep 12, 2007 6:27pm
Picture is worth a thousnad words . . . we are there UP or DOWN

http://www.forexfactory.com/attachme...1&d=1189639608
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-JPY-12SEP07.jpg Size: 135 KB
  • #25,692
  • Sep 12, 2007 6:31pm Sep 12, 2007 6:31pm
Quoting Marked4Favor
I know your time (and the other 1KT's) time is really valuable, so I will make my question short and sweet. What would be the signals to watch for to recongnize the beginning of the breakout?

Also, thank you to all of you who contribute so much to this thread. I have learned a lifetime worth of trading information.
well.. there is 50ema ressistance to the up side on 30min & 15min and 50ema support on 1hr to the downside. The price has to go thorough and forms a hourly bar for a breakout. However all the smaller timeframes are bearish and Daily&4hr are bullish. If the price breaks to the downside the rally will be limited..If it breakout to the upside(Hopefully during London) we will have a good rally towards 234.50 -238area.
  • #25,693
  • Sep 12, 2007 6:34pm Sep 12, 2007 6:34pm
For Markham -
Attached Image
  • #25,694
  • Sep 12, 2007 6:34pm Sep 12, 2007 6:34pm
Deja Vu . . . 30 mn 9/11/07 0900. Compare patterns MoM, QQE, price formation . . . then and now.
  • #25,695
  • Sep 12, 2007 6:36pm Sep 12, 2007 6:36pm
Be careful with shorts. 1H & 15M both showing CCI and STOC oversold and looking like a bullish cross might occur. NO CONFIRMATION AS YET THOUGH as 30M chart 200 EMA and Medium Term downtrend seem to be acting as Resistance....
  • #25,696
  • Sep 12, 2007 6:41pm Sep 12, 2007 6:41pm
Here's a look at the 1H Chart showing the 50EMA and a 4H bullish trend line meeting exactly at the 231.55 area. Hmmmm. It is a 4H trend line and generally the rules of trend lines are that you want to see a close beneath by a candle on the chart the line was drawn on, in this case a 4H candle. A 1H close might be adequate but this stinkin' pair has been so quirky the last couple of days I just don't know. All Stochs under 4H are oversold and the 231.50 area has proven supportive with the exception of that one jolt down to 231. The 30-M QQE has crossed down and confirmed. Should I go or should I stay?

M2B
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h.gif Size: 22 KB
  • #25,697
  • Sep 12, 2007 6:44pm Sep 12, 2007 6:44pm
I have just updated Aussie's analysis thread with my Guppy, DOW and Euro analysis. I had a look at the Euro today so I thought I would include it (for anyone interested).

Link is here http://www.forexfactory.com/showthre...18#post1590118
  • #25,698
  • Sep 12, 2007 6:45pm Sep 12, 2007 6:45pm
Quoting SailingAway
Picture is worth a thousnad words . . . we are there UP or DOWN

http://www.forexfactory.com/attachme...1&d=1189639608
Nice chart, Sailing! It might be a little more helpful if you could zoom it in just a bit next time, but charts are one of the best ways to educate newer ones and to explain to the oldies what you're talking about. Keep 'em coming.

M2B
  • #25,699
  • Sep 12, 2007 6:46pm Sep 12, 2007 6:46pm
Quoting lepiricus
u/j and e/j are still hanging strong, g/j might just be giving you guys shorting a head fake.
I'm with you.

I've been following the three pairs in correlative fashion. They were all
sitting on their respective figures (100's mark) 12 hours ago. Not so now.

Obviously they have mirrored one another (in differing ratios) through much
of these recent weeks with the yen overwhelmingly the dominant driver.

Only today has there developed a break in their contiguous patterns with
the EJ taking off to the upside and the UJ holding above the figure with the
GJ retreating.

The drivers may be changing and individual weighted fundamentals may be
entering the mix.

Any one know of a news event or fundamental reason contributing to the EJ
move and this break?

With that said.... perhaps a better charting explanation:

I pulled up the daily charts and using 7/20/07 00:00 GMT as my beginning
point. There is an upper trendline of resistance that shows that the GJ has
already bounced down off of the line... the EJ only today has moved up to
touch its trendline and the UJ is lagging far behind.

Dr. D.
  • #25,700
  • Sep 12, 2007 6:47pm Sep 12, 2007 6:47pm
Quoting bobbyfx
Be careful with shorts. 1H & 15M both showing CCI and STOC oversold and looking like a bullish cross might occur. NO CONFIRMATION AS YET THOUGH as 30M chart 200 EMA and Medium Term downtrend seem to be acting as Resistance....
There will be some downward movement... thats for sure.. since we have a fresh 30min QQE crossing and 1hr QQE about to cross the 50 line. However I only do scalping (10-30pips ) on short trades and wait for a long signal on my 15min strategy to grab the bigger once.
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