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

  • #55,221
  • Dec 14, 2007 6:40am Dec 14, 2007 6:40am
Quoting fer
to rusty/rusted--are you still sitting there for cpi to have given you 200 pips and more? read above

suddenly everyone now starts thinking about locking profits when they are short. and when i locked them in they complained i was scalping. guess you know whos having the last laugh.

...................blah blah blah I'm the best trader in the world, my attitude stinks, I have no forum etiquette...........

some say short some say long i say read the above quote, close your computers and have a good weekend.

fer
fer cough.
  • #55,222
  • Dec 14, 2007 6:41am Dec 14, 2007 6:41am
Quoting fer
to rusty/rusted--are you still sitting there for cpi to have given you 200 pips and more? read above

suddenly everyone now starts thinking about locking profits when they are short. and when i locked them in they complained i was scalping. guess you know whos having the last laugh.

and funnily the one who keeps on posting pics think he's being funny. let me bring you to reality as you have been called the hall monitor before. your pics aint that funny. lets see how this boils you up now. oops forgot i am in your ignore list. lol

stop dreaming about 200-300 pip moves today. trade wise.

some say short some say long i say read the above quote, close your computers and have a good weekend.

fer
ummmmm fer, why are you here. u dogged aus religiously anytime he made a wrong analysis now you follow him around from thread to thread (i.e. yersterday aus' told you to leave his other thread). what's the deal. START YOUR OWN THREAD. GEESH!!!!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,223
  • Dec 14, 2007 6:47am Dec 14, 2007 6:47am
Quoting PipChick
M2B's analysis is quite understandable. I believe he is a longer term trader. Thinking critically and looking at the bigger picture.....the example of the h/s on the 1 hr is simply a h/s within a larger INVERSE h/s on the 1 hr. IMO and from what I have seen in the past, the price may have a hard time breaking the lo of today and if it does, it may only go short to the lo of yesterdays spike down before going long in order to keep the INVERSE and more powerful h/s intact.
Thanks, PC. You've pretty much captured my train of thought. If Rocroy had read through the thread even from last night he would have caught the full picture of what I am seeing, which includes your statement about price possibly retesting yesterday's low around 227.45, which is the 50 Fib line of the last major move up. If 227.45 breaks, then the odds of price shooting up to 231.30 dim, but the bearish fall won't totally be confirmed until 221.25 is closed beneath.

M2B
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  • #55,224
  • Dec 14, 2007 6:53am Dec 14, 2007 6:53am
Quoting my2buoys
Thanks, PC. You've pretty much captured my train of thought. If Rocroy had read through the thread even from last night he would have caught the full picture of what I am seeing, which includes your statement about price possibly retesting yesterday's low around 227.45, which is the 50 Fib line of the last major move up. If 227.45 breaks, then the odds of price shooting up to 231.30 dim, but the bearish fall won't totally be confirmed until 221.25 is closed beneath.

M2B
I agree. So we can enjoy the weekend and wait patiently for our setups.
  • #55,225
  • Dec 14, 2007 7:04am Dec 14, 2007 7:04am
Geez this 228.50 is a stubborn one it has tried to get past it twice or thrice in past 2 days.
  • #55,226
  • Dec 14, 2007 7:16am Dec 14, 2007 7:16am
Quoting vinesh2
Geez this 228.50 is a stubborn one it has tried to get past it twice or thrice in past 2 days.
And UJ is not helping. It is trying to go up. crap
  • #55,227
  • Dec 14, 2007 7:17am Dec 14, 2007 7:17am
Quoting vinesh2
Geez this 228.50 is a stubborn one it has tried to get past it twice or thrice in past 2 days.
Well, if you look at whats happening with GU and UJ it would expalin what's going with GJ price. GU has dropped and is retesting trendline support and UJ is testing falling trendline resistance. As a result GJ is stuck in the midddle.

My guess is GJ will go as low as 228.30 (which it has already tested once) support or possoibly lower (227.80/90), bottom of the support channel. Since UJ has already reached 113, and will probably go a bit higher (not much), GU will have to move up for GJ to go any higher (231/232/233/235 possibly). . .

Stay tuned. . .
  • #55,228
  • Dec 14, 2007 7:19am Dec 14, 2007 7:19am
Quoting vinesh2
Geez this 228.50 is a stubborn one it has tried to get past it twice or thrice in past 2 days.

For Today , the R1=230.57 and R2 = 230=231.31
and S1 = 239.30 (not 238.50) on 238.29-30 ....
S2= 226.76 (so far to reach in this quiet silent Friday).
Imagination is more important than knowledge. -- Albert Einstein
  • #55,229
  • Dec 14, 2007 7:21am Dec 14, 2007 7:21am
Quoting vinesh2
Geez this 228.50 is a stubborn one it has tried to get past it twice or thrice in past 2 days.
can somebody please hammered it down to earth?
  • #55,230
  • Dec 14, 2007 7:23am Dec 14, 2007 7:23am
Quoting fer
ask rustyy, he thinks this is going to move 200 pips after CPI. lol

l8r all.
Hey brainless read my post. Didn't say it would drop 200 pips. Can you read any other posts ? Or only your own ?
Watch the Dow and other equities.
You may need to boost your confidence a bit but maybe you need to go elsewhere and do it.
  • #55,231
  • Dec 14, 2007 7:24am Dec 14, 2007 7:24am
not yet but , Aus Indicator , is going to show new uptrend... Still market is unable to crack into lower than Support (228.29-30) , and Seems everytime it reach it bounces very fast. but Market is pushing and I expect because of starting new uptrend in UJ and advanced USD , the Trend will change the direction , but need to wait for new candle in 30 minute , hope to see it showing an uptrend , in 15min it is showing...
Imagination is more important than knowledge. -- Albert Einstein
  • #55,232
  • Dec 14, 2007 7:28am Dec 14, 2007 7:28am
on the 4H Stoch's are pointing down and QQE is holding justy about 50 line. 14C Mom is pointing down however 10 and 1 are pointing up. very choppy
  • #55,233
  • Dec 14, 2007 7:30am Dec 14, 2007 7:30am
Quoting narocc
can somebody please hammered it down to earth?
I wouldn't count on it going down to much further. From a fundamental standpoint, lots of reason to take it higher.

However, keep an eye on GU, if it breaks support down there this could have a whole different senario, we could see GJ plummet once UJ finsihes the 5 wave structure up then we should see 3 waves down which would send GJ down to lower trading range if not new lows. . . .

Interesting how this could play out. . . My guess is we'll see GJ higher before lower. . .
  • #55,234
  • Dec 14, 2007 7:30am Dec 14, 2007 7:30am
Quoting Pyramid
not yet but , Aus Indicator , is going to show new uptrend... Still market is unable to crack into lower than Support (228.29-30) , and Seems everytime it reach it bounces very fast. but Market is pushing and I expect because of starting new uptrend in UJ and advanced USD , the Trend will change the direction , but need to wait for new candle in 30 minute , hope to see it showing an uptrend , in 15min it is showing...
Bull still work. Look at chart TF 30 M. Candle 4 times never broke TL.
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  • #55,235
  • Edited 7:50am Dec 14, 2007 7:34am | Edited 7:50am
Quoting Rustyyy
Hey brainless read my post. Didn't say it would drop 200 pips. Can you read any other posts ? Or only your own ?
Watch the Dow and other equities.
You may need to boost your confidence a bit but maybe you need to go elsewhere and do it.
Rusty, Rusty, Rusty,

Read my post #55192. You can't reason with ding-dongs. Best just to put them on your ignore list. Fer is definitely clueless and hopeless.

M2B
Attached Image
  • #55,236
  • Dec 14, 2007 7:36am Dec 14, 2007 7:36am
Quoting Pyramid
not yet but , Aus Indicator , is going to show new uptrend... Still market is unable to crack into lower than Support (228.29-30) , and Seems everytime it reach it bounces very fast. but Market is pushing and I expect because of starting new uptrend in UJ and advanced USD , the Trend will change the direction , but need to wait for new candle in 30 minute , hope to see it showing an uptrend , in 15min it is showing...
UJ is finishing a 5 wave correction up and this is the last 5 wave subdivision in this structure. Once complete we will see 3 waves down in UJ. . .

Depending on where GU's price is at the time (below trendline support/above testing falling trendline resistance) will dictate if GJ plummets and break H&S neckline or if it falls and just re-test the bottom of the range it's been stuck in. . .

Just my 2 cents. . .
  • #55,237
  • Dec 14, 2007 7:36am Dec 14, 2007 7:36am
Quoting quecee5
I would,'t count on it going down to much further. From a fundamental standpoint, lots of reason to take it higher.

However, keep an eye on GU, if it breaks support down there this could have a whole different senario, we could see GJ plummet once UJ finsihes the 5 wave structure up then we should see 3 waves down which would send GJ down in the to the lows. . .

Interesting how this could play out. . . My guess is we'll see GJ higher for lower. . .


2.0285 is Second Support of GU , very likely to break , Most of the famous chartists predicts the GU to fall into 1.9 and on longer term to 1.6
Imagination is more important than knowledge. -- Albert Einstein
  • #55,238
  • Dec 14, 2007 7:37am Dec 14, 2007 7:37am
HI guys sort of new to this thread, many good traders in here by what ive seen so far, just looked at EUR/USD on the 4hr and it looks like a txt book head and shoulders break of the neckline. will this effect the pound yen your feedback much appreciated.
  • #55,239
  • Dec 14, 2007 7:43am Dec 14, 2007 7:43am
Quoting PipChick
Since it is fri I will wait for either a bounce off of yesterdays lo to buy or a break of the INVERSE 1 hr h/s. I prefer the longer term trades too. Patience.
Thank you Pipchick. After studying your well illustrated chart, I am able to understand and see relevance of the H/S on the weekly
  • #55,240
  • Dec 14, 2007 7:46am Dec 14, 2007 7:46am
Quoting Pyramid
Market Seems to wait for a good CPI news ( US) . Like yesterday shock on PPI , It may be an other shock because of CPi ,
If you already have opened a long trade , I guess keep it , while the news and all long day , just you will see a volatility on the market.
Oil Prices and Commodity Currencies are under pressure.

Also , We may see EUR/USD 1.43x It means , GJ , will move around 232.xx

Also , Aus Indicators also shows bullish , But If you want to join , Be , careful , it may drop a while , so , you have to risk too much , and use wider SL.
UJ just broke the Resistance 113.11 and the next resistance is 113.78 and seems our New Support is 112.70 and 112.08
Imagination is more important than knowledge. -- Albert Einstein
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