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

  • #52,961
  • Dec 3, 2007 8:31pm Dec 3, 2007 8:31pm
Quoting Srikanth
Price is currently below the daily pivot..i'm waiting for 1 hr candle to close below the daily pivot..and there is support at 227 , may go backup above the daily pivot when london opens ..

let's see where it wud go

update me if i'm wrong coz i'm a n00b

Never trouble trouble till trouble troubles you
  • #52,962
  • Edited 9:17pm Dec 3, 2007 8:54pm | Edited 9:17pm
We don't have a confirmed downtrend yet.

I would wait for the 4H candle to close first 12EST to confirm we don't have a cross to the downside. ATM 4H QQE is toggling between crossed to the downside and then "not".

If 4H QQE does not completely cross downward, we are set for for a long trade. D1 is uptrend, 4H will be uptrend, 1H has already crossed down. As soon as 1H cross backup - I'll be ready for long trade. Target 228.69, 229.22
  • #52,963
  • Edited 9:23pm Dec 3, 2007 9:11pm | Edited 9:23pm
i have drawn trend lines on weekly g/j chart..

what i'm thinking is g/j won't touch 233's in this month and we are in a small uptrend till 234.90 ( may touch in jan 3rd week ) and then it's all the way to 219 in feb.. may be 210

this month could be very good for scalping
  • #52,964
  • Dec 3, 2007 9:17pm Dec 3, 2007 9:17pm
this what i c:

daily: looks like a break and close above 229 will target 231.30 area(50ema/50%fibo) 225.65-226 should serve as support. the ride to 231.30 area may get bumpy because my 4hr has the 200ema sitting at 229.80 area along w/a tl so we may see a bounce then upward continuation. remember there could be spikes then closes underneath tl's, ma's, fibs, etc. hopefully we will get good confirmations using aus' 15min/1hr /4hr system. IMO
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #52,965
  • Dec 3, 2007 9:27pm Dec 3, 2007 9:27pm
Quoting moneymagnet
this what i c:

daily: looks like a break and close above 229 will target 231.30 area(50ema/50%fibo) 225.65-226 should serve as support. the ride to 231.30 area may get bumpy because my 4hr has the 200ema sitting at 229.80 area along w/a tl so we may see a bounce then upward continuation. remember there could be spikes then closes underneath tl's, ma's, fibs, etc. hopefully we will get good confirmations using aus' 15min/1hr /4hr system. IMO
  • #52,966
  • Dec 3, 2007 9:28pm Dec 3, 2007 9:28pm
HI,
been following thread and wondering about the setting used for the ma lines, I use Fibonacci Trader and when I look at the sample charts I cannot match up.
Wud appreciate any good help.

Thnx
  • #52,967
  • Dec 3, 2007 9:29pm Dec 3, 2007 9:29pm
Just closed my short position - was 50 points in the money - for 3 points profit. A little frustrating!
"If it bleeds ... we can kill it"
  • #52,968
  • Dec 3, 2007 9:43pm Dec 3, 2007 9:43pm
Price has failed through the 50% retracement level on USDJPY, and is consolidating above this level - its doji central on the 4hr chart. Looks like a bounce may be on the cards. Cable not looking too bullish though - not sure... I guess im favouring to the upside but will have to wait for confo.
"If it bleeds ... we can kill it"
  • #52,969
  • Dec 3, 2007 9:52pm Dec 3, 2007 9:52pm
Quoting MMDealer
Just closed my short position - was 50 points in the money - for 3 points profit. A little frustrating!
bro, i was taught a long time ago: A WIN IS A WIN, IS A WIN
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #52,970
  • Dec 3, 2007 9:58pm Dec 3, 2007 9:58pm
well, according to auslanco's new 15M system... we have price currently above the daily 5sma and the 1H 100sma. price is above the asian session pivot. qqe5 has crossed up and has almost crossed the 50 line up and qqe60 is about to cross up as well. we are waiting for a green arrow to appear and then it's go time.


long signal is imminent
  • #52,971
  • Dec 3, 2007 10:02pm Dec 3, 2007 10:02pm
Quoting moneymagnet
bro, i was taught a long time ago: A WIN IS A WIN, IS A WIN

the price may be down to 226 ? or now go to long ?

any good help ?
Never trouble trouble till trouble troubles you
  • #52,972
  • Dec 3, 2007 10:04pm Dec 3, 2007 10:04pm
Quoting Khello
the price may be down to 226 ? or now go to long ?

any good help ?
as i said earlier , we just need to wait for a 1 hour candle close above/below daily pivot before opening any new order..
  • #52,973
  • Dec 3, 2007 10:08pm Dec 3, 2007 10:08pm
it's still a really nice head and shoulders pattern on the weekly chart.. I think a big crash down might be less likely now though..
  • #52,974
  • Dec 3, 2007 10:12pm Dec 3, 2007 10:12pm
Quoting Srikanth
as i said earlier , we just need to wait for a 1 hour candle close above/below daily pivot before opening any new order..
very strong support at daily pivot
i think it cant cross down to 61.8 fibo

or what ?
Never trouble trouble till trouble troubles you
  • #52,975
  • Dec 3, 2007 10:21pm Dec 3, 2007 10:21pm
Quoting Repipula
well, according to auslanco's new 15M system... we have price currently above the daily 5sma and the 1H 100sma. price is above the asian session pivot. qqe5 has crossed up and has almost crossed the 50 line up and qqe60 is about to cross up as well. we are waiting for a green arrow to appear and then it's go time.


long signal is imminent
Daily is below the 5 SMA.
  • #52,976
  • Dec 3, 2007 10:24pm Dec 3, 2007 10:24pm
sorry to disagree, but my chart clearly shows that price is above the daily 5sma right now. i'm using vt
  • #52,977
  • Dec 3, 2007 10:27pm Dec 3, 2007 10:27pm
the price is on daily 5 sma right now..no clear indication whether it's upside or downside..

to be safe wait for a candle below/above the daily 5 sma..
  • #52,978
  • Dec 3, 2007 10:29pm Dec 3, 2007 10:29pm
Quoting Repipula
sorry to disagree, but my chart clearly shows that price is above the daily 5sma right now. i'm using vt
It could be a difference in data.
I show the current price below the average on two different broker platforms.
If that is an important factor, it may be too close to call.
  • #52,979
  • Dec 3, 2007 10:29pm Dec 3, 2007 10:29pm
we have a nice triangle on H1 chart. You should wait the breakout
  • #52,980
  • Dec 3, 2007 10:31pm Dec 3, 2007 10:31pm
i'm waiting on three things. the qqe 60 still needs to cross up, the qqe5 has gone back below the 50 line so it needs to go back up over it, and there is no green arrow yet with the stop-level reverse. if price drops below the daily pivot or the daily 5sma before these other things happen, then we start all over again. meanwhile, on my charts, price is ABOVE the daily 5sma and the 1H 100sma
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