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

  • #52,121
  • Nov 28, 2007 11:52pm Nov 28, 2007 11:52pm
Here we go again, maybe the 20th time is a charm. . .
  • #52,122
  • Nov 29, 2007 12:00am Nov 29, 2007 12:00am
Quoting dagoods
thank u for your post... can you explain what u mean u see resistance "getting lower"? thank u in advance ps i cannot shed light i am learning myself
restistance in this case means more seller than buyer which typically drives the price down. . .

In GJ's case in the last few hours, prices has gone from 228.10-229.00, 228.10-228.90, 228.10-228.80, and now it 228.25-228.30/40's take a look at the 15 min chart you will see it clearly.

Hopefully soon seller will take control for a bit and drive the price to some support which could 38%, 50% or 61% fib level. We're all anticipating at least 38% but if it breaks and goes to 50%, well that's gravey baby!
  • #52,123
  • Nov 29, 2007 12:03am Nov 29, 2007 12:03am
Okay now let get ready to rumbleeeeeeeeeeee. . .
  • #52,124
  • Nov 29, 2007 12:04am Nov 29, 2007 12:04am
Quoting quecee5
restistance in this case means more seller than buyer which typically drives the price down. . .

In GJ's case in the last few hours, prices has gone from 228.10-229.00, 228.10-228.90, 228.10-228.80, and now it 228.25-228.30/40's take a look at the 15 min chart you will see it clearly.

Hopefully soon seller will take control for a bit and drive the price to some support which could 38%, 50% or 61% fib level. We're all anticipating at least 38% but if it breaks and goes to 50%, well that's gravey baby!

thank u again quecee! u dabomb.. u have earned the rights to my firstborn.... btw 20th time lookin good! woohoo! down geppy down!!!!
  • #52,125
  • Nov 29, 2007 12:08am Nov 29, 2007 12:08am
Quoting dagoods
thank u again quecee! u dabomb.. u have earned the rights to my firstborn.... btw 20th time lookin good! woohoo! down geppy down!!!!
  • #52,126
  • Nov 29, 2007 12:10am Nov 29, 2007 12:10am
until now what i draw in my mind is happening loool lets hope the right shoulder will complete and we will see a very nice drop

i went short again with GJ at 228.67 am tired of swinging i will take a rest
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  • #52,127
  • Nov 29, 2007 12:12am Nov 29, 2007 12:12am
Quoting dagoods
thank u again quecee! u dabomb.. u have earned the rights to my firstborn.... btw 20th time lookin good! woohoo! down geppy down!!!!
Looks like the reason "Geppy" going down is because GU being sold off. . .
Now UJ needs to head south and we got a party.
  • #52,128
  • Nov 29, 2007 12:14am Nov 29, 2007 12:14am
Quoting msniper
until now what i draw in my mind is happening loool lets hope the right shoulder will complete and we will see a very nice drop

i went short again with GJ at 228.67 am tired of swinging i will take a rest
  • #52,129
  • Nov 29, 2007 12:26am Nov 29, 2007 12:26am
This pair has been consolidating in this range for too long. I can se it popping down hard here...

228?? pffft
"If it bleeds ... we can kill it"
  • #52,130
  • Nov 29, 2007 12:36am Nov 29, 2007 12:36am
Good morning,

No sign of bulls yet, so we remain bearish and see what London wants to do
Trade what you see, not what you think.
  • #52,131
  • Nov 29, 2007 12:36am Nov 29, 2007 12:36am
Quoting MMDealer
This pair has been consolidating in this range for too long. I can se it popping down hard here...

228?? pffft
I'm puzzled why 228 is so hard to crack.. .
  • #52,132
  • Nov 29, 2007 12:39am Nov 29, 2007 12:39am
2.0740 (4hr Chart) was res and now is acting as support. Could be one reason.

Quoting quecee5
I'm puzzled why 228 is so hard to crack.. .
  • #52,133
  • Nov 29, 2007 12:41am Nov 29, 2007 12:41am
Quoting quecee5
I'm puzzled why 228 is so hard to crack.. .
Look at your 1h or 4h chart, you'll see that it was a tough resistance twice and now it's acting as a tough support.
Trade what you see, not what you think.
  • #52,134
  • Nov 29, 2007 12:42am Nov 29, 2007 12:42am
Quoting karmostaji
Good morning,

No sign of bulls yet, so we remain bearish and see what London wants to do

good morning bro
  • #52,135
  • Nov 29, 2007 12:43am Nov 29, 2007 12:43am
Ive closed my short. 228 driving me crazy. I cant remember how many times GJ tested that level. Now we need the news to break it down.
  • #52,136
  • Nov 29, 2007 12:46am Nov 29, 2007 12:46am
Quoting karmostaji
Look at your 1h or 4h chart, you'll see that it was a tough resistance twice and now it's acting as a tough support.
I see. . .
I also see that it is exactly the 23.6% fib line as well.
This is the second time GJ has tried to breach it and failed. Maybe London will come with more downward momentum which will be needed if GJ is going to get though 38% fib level. . .

Thxs!
  • #52,137
  • Nov 29, 2007 12:48am Nov 29, 2007 12:48am
Quoting c2v4l
Ive closed my short. 228 driving me crazy. I cant remember how many times GJ tested that level. Now we need the news to break it down.
Yeah, definitely need some Karmo patient pills and some staying power. . .

Good luck!
  • #52,138
  • Nov 29, 2007 12:48am Nov 29, 2007 12:48am
This is what I call the "Loch Ness Monster" or "Nessie" pattern
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  • #52,139
  • Nov 29, 2007 12:49am Nov 29, 2007 12:49am
Quoting quecee5
Yeah, definitely need some Karmo patient pills and some staying power. . .

Good luck!
GB news in ten minutes, maybe that will get this moving
Trade what you see, not what you think.
  • #52,140
  • Nov 29, 2007 12:49am Nov 29, 2007 12:49am
Quoting quecee5
I see. . .
I also see that it is exactly the 23.6% fib line as well.
This is the second time GJ has tried to breach it and failed. Maybe London will come with more downward momentum which will be needed if GJ is going to get though 38% fib level. . .

Thxs!
Yah I know it's the 23.6 too but overall it is a good S/R level, it should break though.
Trade what you see, not what you think.
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