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

  • #52,281
  • Nov 29, 2007 7:34am Nov 29, 2007 7:34am
ُSeems the DownTrend is deeper than we think it crossed again the 226.60 and we are looking to see lower than 226.28 then , It may drop to 225.46 too.... lets wait and see


As Karma said , Patience
Imagination is more important than knowledge. -- Albert Einstein
  • #52,282
  • Nov 29, 2007 7:34am Nov 29, 2007 7:34am
aus 4h method show us a short period?
  • #52,283
  • Nov 29, 2007 7:39am Nov 29, 2007 7:39am
Quoting afresh
aus 4h method show us a short period?
no, the 4hr qqe hasnt crossed yet but aside from that, a candle has to close below the tft line (on the 4hr) and since the 1hr qqe already crossed below the 50 line, you would have to wait for it to go above and then cross down again
  • #52,284
  • Nov 29, 2007 7:42am Nov 29, 2007 7:42am
We will see at least 225.80 today.

However I will not rule out that this could go deeper than that.

Maybe 224.

U/J is going to break down soon. If it does, 225.80 is not a probelm.
  • #52,285
  • Nov 29, 2007 7:44am Nov 29, 2007 7:44am
Quoting karmostaji
LOL no problem, hmm price on my chart is above the 50ema and you can also see how the TL is supporting as well. Plus we had the lovely 50% retracement from yesterdays bull-run.

http://img266.imageshack.us/img266/8058/gjxt1.gif
Don't leave me out I'm long right with cha's. . .
GJ might go down and check the 50% ret. low for today but doesn't matter as long as it's supported. The target is 230/231 over the next day.

My reason for long over the next day is 2morrow is the end of the month so many fund houses will be looking to finish strong, so I'll let this ride, collect interest and close my trade noon'ish 2morrow.

Anyone seeing anything else. . .
  • #52,286
  • Nov 29, 2007 7:46am Nov 29, 2007 7:46am
Quoting DaddyWarbuck
no, the 4hr qqe hasnt crossed yet but aside from that, a candle has to close below the tft line (on the 4hr) and since the 1hr qqe already crossed below the 50 line, you would have to wait for it to go above and then cross down again
thank u .u r a nice man
  • #52,287
  • Nov 29, 2007 7:48am Nov 29, 2007 7:48am
Quoting quecee5
Don't leave me out I'm long right with cha's. . .
GJ might go down and check the 50% ret. low for today but doesn't matter as long as it's supported. The target is 230/231 over the next day.

My reason for long over the next day is 2morrow is the end of the month so many fund houses will be looking to finish strong, so I'll let this ride, collect interest and close my trade noon'ish 2morrow.

Anyone seeing anything else. . .
So no stop loss? Or a particularly big one?
  • #52,288
  • Nov 29, 2007 7:52am Nov 29, 2007 7:52am
Quoting dimmi
So no stop loss? Or a particularly big one?
No stop loss for me.
Not trading more than I can afford. I'll let this one ride until 2morrow if I have to but my target is 230/231 so if we touch 225.43 then it will surely go to 231.

I'll re-evalute after that. . .
  • #52,289
  • Nov 29, 2007 7:53am Nov 29, 2007 7:53am
226.57 is the Monthly S2, where we also have the 50ema and the TL I have drawn, lots of support here.
Trade what you see, not what you think.
  • #52,290
  • Nov 29, 2007 7:56am Nov 29, 2007 7:56am
Quoting karmostaji
226.57 is the Monthly S2, where we also have the 50ema and the TL I have drawn, lots of support here.
Thxs, you da' man. . .
  • #52,291
  • Nov 29, 2007 7:58am Nov 29, 2007 7:58am
Quoting karmostaji
226.57 is the Monthly S2, where we also have the 50ema and the TL I have drawn, lots of support here.
We also have daily support right below that @ 225.38 if we should slide below to 61.8% fib. line. . .
  • #52,292
  • Nov 29, 2007 8:00am Nov 29, 2007 8:00am
15 GMT+1 Open market below the 1400 GMT+1
Imagination is more important than knowledge. -- Albert Einstein
  • #52,293
  • Nov 29, 2007 8:01am Nov 29, 2007 8:01am
15M strategy has not signalled LONG why would you go long?
  • #52,294
  • Nov 29, 2007 8:04am Nov 29, 2007 8:04am
hmmmmm.........my 4hr mom's are all bullish but the qqe crossed down
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #52,295
  • Nov 29, 2007 8:04am Nov 29, 2007 8:04am
and the 226.26 is crossed now , last 226.26 reached on 12:25 29.11.2007
Imagination is more important than knowledge. -- Albert Einstein
  • #52,296
  • Nov 29, 2007 8:06am Nov 29, 2007 8:06am
Quoting moneymagnet
hmmmmm.........my 4hr mom's are all bullish but the qqe crossed down
I am surprised that both of us where following same movement on market .... lol
Imagination is more important than knowledge. -- Albert Einstein
  • #52,297
  • Nov 29, 2007 8:06am Nov 29, 2007 8:06am
I know it looks like UJ is breaking down however its actually being accumulated at these level. . . I expect UJ to break out of consolidation of 109.60-110.20 and head toward 111.00-111.76 soon. . .

This trade will also need some Karmo patient pills as we might go a little lower to 61.8% fib support. I'm actually buying dips on the way down. . .

Good luck in your trades today and as always trade your strategy and what you see. . .
  • #52,298
  • Nov 29, 2007 8:07am Nov 29, 2007 8:07am
Quoting quecee5
No stop loss for me.
Not trading more than I can afford. I'll let this one ride until 2morrow if I have to but my target is 230/231 so if we touch 225.43 then it will surely go to 231.

I'll re-evalute after that. . .
quecee,
Please remember that weekly momentum is down (from Auslanco) and that we have already gone up and touched the weekly 5sma low---and retreated back down. Weekly Momentum is not always a perfect indicator...but it seems it is a powerful magnet that usually draws price in its direction. For price to go up (by noon Friday) to 230/231 it will have to do so against weekly momentum.
  • #52,299
  • Nov 29, 2007 8:08am Nov 29, 2007 8:08am
Quoting Pyramid
and the 226.26 is crossed now , last 226.26 reached on 12:25 29.11.2007
good morning all.... seems w have some disagreement amongst u all this morning....


by the way...dow futures down overnight as well = dow may drop plus news to come....hmmmmm sidelines look good to me for now.... does anyone know of a real time dow ticker site url????
  • #52,300
  • Nov 29, 2007 8:17am Nov 29, 2007 8:17am
agreed on the sidelines....

there are reasons it could go up....and reasons for it to go down....i guess we'll see
The odds are on my side; let's hope they stay that way!!!
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