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

  • #46,501
  • Nov 1, 2007 6:26am Nov 1, 2007 6:26am
Dunno what 2 say.. what I see is...every blue candle had set new highs...i'm thinkin of bullish but all my respected gurus said otherwise... i'm staying out.

Quote
My duty is to my heart
  • #46,502
  • Nov 1, 2007 6:26am Nov 1, 2007 6:26am
Quoting Zoran
I was thinking UJ is going up but GJ and GU are going down. GJ bulls still look strong but the resistance is also strong.
1 Hour momentum looking very bullish, be careful shorts
  • #46,503
  • Nov 1, 2007 6:29am Nov 1, 2007 6:29am
Quoting Zoran
I was thinking UJ is going up but GJ and GU are going down. GJ bulls still look strong but the resistance is also strong.
we have a perfect bearish pattern on UJ, it just needs someone to start a small fire and both should fall, can't post any charts until 2 hrs or so.

Check new 4hr momentum in 30 mins and if turns very bearish, then the fall should start soon (next 4hrs or so) but if it remains bullish then be careful.
Trade what you see, not what you think.
  • #46,504
  • Nov 1, 2007 6:33am Nov 1, 2007 6:33am
Quoting karmostaji
we have a perfect bearish pattern on UJ, it just needs someone to start a small fire and both should fall, can't post any charts until 2 hrs or so.

Check new 4hr momentum in 30 mins and if turns very bearish, then the fall should start soon (next 4hrs or so) but if it remains bullish then be careful.
How much more can this thing go up before a proper retracement?
  • #46,505
  • Nov 1, 2007 6:37am Nov 1, 2007 6:37am
Quoting gau2902
How much more can this thing go up before a proper retracement?
When every last Joe is going to be convinced that it will just keep on climbing it will fall, the money has to come from somewhere, it's a zero sum game. So the market has to suck as many people in a as possible, I see a violent reversal, anytime between today and monday
  • #46,506
  • Nov 1, 2007 6:39am Nov 1, 2007 6:39am
hello , if i want to see the resistance and support using the pivots points what is the time frame i have to put it on the chart so i can see the exact resi and support , thank u karmo
  • #46,507
  • Nov 1, 2007 6:39am Nov 1, 2007 6:39am
Tx
U r right.
Line on is on 1st of nov 13 GMT & line off is on 1st of nov 24 GMT.
I find Gan theory 3 years ago, but that is not my field.
When I say “fail is expected” I mind a lot of more information (fibs, tl, price action, fundamentals & ...)
I accept u friendly advice with good filings. It is important to remember that any of above is only information that we can see & interpret in any way.

Quoting gene22
Val, a word of advice, don't try to use something that you have no idea how to interpret, this is not cticism, just a friendly advice, start with an easy stuff first, complicated will come later. BTW, if that's an hourly, than the time lines are off...
It’s just emotions & money
  • #46,508
  • Nov 1, 2007 6:40am Nov 1, 2007 6:40am
Quoting anthonykay
hello , if i want to see the resistance and support using the pivots points what is the time frame i have to put it on the chart so i can see the exact resi and support , thank u karmo
15m chart, thats I do on VT platform.
Trade what you see, not what you think.
  • #46,509
  • Nov 1, 2007 6:40am Nov 1, 2007 6:40am
Quoting turn1to100
USDJPY on rise still from 3AM EST... and London is weak with that starting to show..Shorts on gbpjpy NOW until 9am-1pm EST.
Out 15 min strategy at 241.11, thanx aus. I am so happy that trade ended before the news!
  • #46,510
  • Nov 1, 2007 6:42am Nov 1, 2007 6:42am
Quoting gene22
When every last Joe is going to be convinced that it will just keep on climbing it will fall, the money has to come from somewhere, it's a zero sum game. So the market has to suck as many people in a as possible, I see a violent reversal, anytime between today and monday
Looks like the early New York traders are busy buying it up before the data......it will be interesting to see the action in the 5 mins or so before the news....
Trading Levels with WRBs
  • #46,511
  • Nov 1, 2007 6:51am Nov 1, 2007 6:51am
Quoting gau2902
How much more can this thing go up before a proper retracement?
When the Doctors and the Lawyers start buying, its time to sell.
  • #46,512
  • Nov 1, 2007 6:55am Nov 1, 2007 6:55am
Thanks
  • #46,513
  • Nov 1, 2007 6:55am Nov 1, 2007 6:55am
Quoting karmostaji
UJ and GJ are going to fall soon, I'm still stuck at univ. I'm not going long GJ.. will just add shorts.
251.00 . . . 251.00 . . .



Indicators show the past. Price Action "Indicates" the future.
  • #46,514
  • Nov 1, 2007 6:56am Nov 1, 2007 6:56am
Quoting Islander
Looks like the early New York traders are busy buying it up before the data......it will be interesting to see the action in the 5 mins or so before the news....

Islander:

The projections going into the news do not look too bad for the
US dollar. Not sure if positive results could bring about a
reversal or if anything can come to the aid of the dollar at
this point.
  • #46,515
  • Nov 1, 2007 7:04am Nov 1, 2007 7:04am
How high is this thing going to Karmo? My patience pills are not working I am short since 237.40
  • #46,516
  • Nov 1, 2007 7:05am Nov 1, 2007 7:05am
Quoting jarroo
251.00 . . . 251.00 . . .
If this thing even breaches 243.50 than it would have to go 3000 more pips up, and that's my friend is if not impossible than highly improbable. Mark my words, we will see at least 235.50 before the end of next week.
If not, well than the charts lied to me, or I was too dumb to iterpret them correctly. INMO the fall is imminent.
  • #46,517
  • Nov 1, 2007 7:07am Nov 1, 2007 7:07am
Quoting karmostaji
we have a perfect bearish pattern on UJ, it just needs someone to start a small fire and both should fall, can't post any charts until 2 hrs or so.

Check new 4hr momentum in 30 mins and if turns very bearish, then the fall should start soon (next 4hrs or so) but if it remains bullish then be careful.
OK, Sounds good. My time master suggested 14:00 GMT (15:00 CET) was the time point for either a reversal (or acceleration). Lets see... 2 hours away.
  • #46,518
  • Nov 1, 2007 7:07am Nov 1, 2007 7:07am
piece of advice--stop pickin top and bottoms
g/j can go another 100 pips from here or not--
dont short till u see the correct signals--HAVE PATIENCE in choosing a trade as well (not just holding it)
be careful guys--thats all i can advise
  • #46,519
  • Nov 1, 2007 7:13am Nov 1, 2007 7:13am
is this a retrace to the 1 hr 240.60 or to the 4 hr 240.40 area ?
  • #46,520
  • Nov 1, 2007 7:14am Nov 1, 2007 7:14am
Quoting gau2902
How much more can this thing go up before a proper retracement?
Still a novice when trading, but its not unusual for this beast to continue its uptrend, previously from feb to jun 2007, it was bullish all the way to 251.

its retraces may be small for the time being...

As the more experienced traders have said, be careful... theres no reason why this can't continue up before trend lines break for the down.

I am patience with waiting, as soon as it is on the down turn, you will know.

Well it broke the high of 240.65, it could hit the next high for me which could be 244.08 (at some point), and my charts on weekly and monthly indicator stochs are turning upwards...

But i am just showing a simple chart to where the price has been.. The market does love to go back to where the price has been too..
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