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

  • #32,241
  • Sep 25, 2007 11:33pm Sep 25, 2007 11:33pm
Quoting Holypendant
I'm sorry... think i asked too much basic question that maybe some of 1 annoy.. ok.. i shall watch the price.. but may need you to confirm with me again when the price goes 1 way up...
We'll be glad to help confirm assessments you are making about this pair. That's why this thread was created by Aus, to help teach others how to trade effectively. Aus was simply pointing out to you that sometimes the best way to learn, after having several questions answered, is to just watch price move. You'd be amazed at how much you can learn by watching price movement.

M2B
  • #32,242
  • Sep 25, 2007 11:34pm Sep 25, 2007 11:34pm
Quoting RookieJookie
From what I see, it has been hovering around the 231.74 weekly pivot. If it manages to stay upwards, we will see a nice north, just my opinion.

Seems logical!
Craazy
  • #32,243
  • Sep 25, 2007 11:44pm Sep 25, 2007 11:44pm
hello ladies and gentlemen
im back

ok-- my 4hr candle closes in 15 min

50ema is at 231.70 and 100sma is at 231.84

it would be interesting to see where it closes

price got rejected at 61.8% retrace of the last 4hr move down

lets see !!!!!
  • #32,244
  • Sep 25, 2007 11:46pm Sep 25, 2007 11:46pm
Once we get past this 231.70 resistance we will need to close above 232.00 which is the weekly pivot, we already had a close above it on the 15m but couldn't hold it. After that we have 232.30 which is fairly tough resistance and the monthly pivot. If we can clear that we have a clean shot up to 233.10 area which is the top yellow trend line on my chart. Looks like Auslanco is right in the ballpark on his TP, as always!
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  • #32,245
  • Sep 25, 2007 11:47pm Sep 25, 2007 11:47pm
When you say "long", are you referring to long term hold or upward movement? Sorry for the simple question but it is hard to pick up the just of what is being said.

Thanx

Quoting my2buoys
This 231.70 area seems to be a bit of a pain in the butt. I was just looking at the 15M chart and noticed that this area had been acting as resistance up until a couple of hours ago and now it seems to be acting as support. This area is also the 50% Fib level of the last 4H movement down. It should be a good sign for those who are long. Stagnancy is never fun and can sometimes be misinterpreted as a reversal signal, but I think in this case it is simply consolidation before the next thrust upwards.

M2B
  • #32,246
  • Sep 25, 2007 11:50pm Sep 25, 2007 11:50pm
Quoting Scalper
When you say "long", are you referring to long term hold or upward movement? Sorry for the simple question but it is hard to pick up the just of what is being said.

Thanx
Upward movement.
  • #32,247
  • Sep 25, 2007 11:51pm Sep 25, 2007 11:51pm
Retracements or change in direction?
Craazy
  • #32,248
  • Sep 25, 2007 11:55pm Sep 25, 2007 11:55pm
Attaching my 4H chart, upper 2 trendline: Red from Sep 14 high, Blue Sep 19 High.

On the current 4H bar they come around 233.16, we may see 233 with not much problem, with a Momentum and above daily Pivot but we're in the middle of the two TL's and MACD is not crossed up yet on 4H, (on 1H it did and above 0 line) GDP comes good we'll go up, bad - we may go down to lower TL?

Lower TL value at the current 4H bar is around 229.56
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: FiboPlusTrendline4H.JPG Size: 157 KB
  • #32,249
  • Sep 25, 2007 11:56pm Sep 25, 2007 11:56pm
Quoting craazy
Retracements or change in direction?

tell me ure kidding !

how long uve been trading this pair for buddy?
  • #32,250
  • Sep 25, 2007 11:59pm Sep 25, 2007 11:59pm
Quoting Hakuna Matata
tell me ure kidding !

how long uve been trading this pair for buddy?
Well I think its a retracement but thought I would get others opinions as I continue to learn this pair.
Craazy
  • #32,251
  • Sep 25, 2007 11:59pm Sep 25, 2007 11:59pm
C'mon, break thru the 231.7 resistance ..... bah! I just have to vent my frustrations
May the Pips be with You Let's Pimp some Pips!
  • #32,252
  • Sep 26, 2007 12:00am Sep 26, 2007 12:00am
Quoting Hakuna Matata
hello ladies and gentlemen
im back

ok-- my 4hr candle closes in 15 min

50ema is at 231.70 and 100sma is at 231.84

it would be interesting to see where it closes

price got rejected at 61.8% retrace of the last 4hr move down

lets see !!!!!

CLOSED RIGHT THERE !! HOW MANY TIMES THIS HAPPENS--IM GONNA MAKE A STRATEGY OUT OF THIS

DIRECTION STILL UNCLEAR !!!!!!
  • #32,253
  • Sep 26, 2007 12:01am Sep 26, 2007 12:01am
Quoting RookieJookie
C'mon, break thru the 231.7 resistance ..... bah! I just have to vent my frustrations
Patience, wait till the tea bags come out to play
  • #32,254
  • Sep 26, 2007 12:02am Sep 26, 2007 12:02am
Quoting auslanco
OK guys.. I'm out of the market until Tokyo.. I dont want to give my green pips back. 1hr QQE5 crossed up and confirmed.. If we get a 1hr Gann confirmation the price will reach Daily 5sma @ 231.70 area, possibly before NY close. Have great day everyone
Please please take your words back so we can move up up up ,
Success has a Thousand Fathers.
  • #32,255
  • Sep 26, 2007 12:04am Sep 26, 2007 12:04am
Quoting Hakuna Matata
CLOSED RIGHT THERE !! HOW MANY TIMES THIS HAPPENS--IM GONNA MAKE A STRATEGY OUT OF THIS

DIRECTION STILL UNCLEAR !!!!!!

i was looking for a close above or below both those MA's
closed below 100sma but right at 50ema---that makes it boring for me !
ok back with the london crew later !

ps-- i just got a long 15min signal on g/u--bbl (will look into it more later)
  • #32,256
  • Sep 26, 2007 12:15am Sep 26, 2007 12:15am
still not convinced of longs yet
possible short setting up-- all signals are not totally realiable as we have confluence of lot of MA's in diff TF's around this range of price
  • #32,257
  • Sep 26, 2007 12:24am Sep 26, 2007 12:24am
Quoting Hakuna Matata
still not convinced of longs yet
possible short setting up-- all signals are not totally realiable as we have confluence of lot of MA's in diff TF's around this range of price
Do you think the GDP and Current Account data coming out in 3 hours time will push the GJ down? I think it will not bode so well for the pound and it just doesn't seem to want to break through 231.7
May the Pips be with You Let's Pimp some Pips!
  • #32,258
  • Sep 26, 2007 12:25am Sep 26, 2007 12:25am
hi my budds
morning to all
price seems to be range in 231.74(4 hr GANN) and 231.55(4hr 5SMA) and not strong power to break each of them.
i think we should wait untill strong movement in each of direction begins and break the R/S.
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  • #32,259
  • Sep 26, 2007 12:37am Sep 26, 2007 12:37am
Still good with longs?
Craazy
  • #32,260
  • Sep 26, 2007 12:42am Sep 26, 2007 12:42am
Quoting craazy
Still good with longs?
I think the senior traders can share with us their thoughts. I'm not positive for a long and if it swings down more, I'll get stopped out.
May the Pips be with You Let's Pimp some Pips!
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