Dislikeddoesn't look like it will happen this hour! I am long from 228.10...scalp to 229.30. Good luck today MM!Ignored
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
Dislikeddoesn't look like it will happen this hour! I am long from 228.10...scalp to 229.30. Good luck today MM!Ignored
Dislikedhey guys, dont post much, but looking at weekly mom (aus system) to me looks very bearish all moms pointing down, only gripe price above 5sma i think we will hit 5sma high at 23000 area then down to the lower band 5sma low at
23000 area this also ties in with the 100sma weekly any thoughts. much appreciated.Ignored
DislikedA break below 226 would be bearish for this pair. As long as it stays above and get back above 38% fib I see it challenging 50% fib @ 231.30's. However resistance lies above @ 230.40's it'll have overcome 1st. . .Ignored
DislikedI agree. We've been consolidating for the last month in this range which is ever decreasing in size. The lower trendline (sky blue) has been tested and held at least 4 times, which I assume is the 226 level that quecee mentioned. However the GBPJPY is a creature of habit and one activity that it seems particularly partial to is the 50 fib, and this is the thick red line at 231.30 that quecee also mentioned.
On this 4 H chart, having made higher highs and higher lows we are still in an uptrend but on much lower time frames we are slowly declining, perhaps to the lower end of the 4H range. The most recent high/low yields the 50 fib at 227.55 but be mindful of support at 228 where we had our most recent bounce. I'll also be looking closely at how price moves in relation to the pitchforks I have drawn on this chart. If price gravitates towards either then I may reconsider my intraday bias.
So, although I'm not currently in any trades, I am bearish for the moment, will look for good opportunities to put in long entries with a target at that 50 fib - after that I'll be loading up shorts, waiting for the collapse into oblivion that Markam promised us.Ignored
DislikedI agree. We've been consolidating for the last month in this range which is ever decreasing in size. The lower trendline (sky blue) has been tested and held at least 4 times, which I assume is the 226 level that quecee mentioned. However the GBPJPY is a creature of habit and one activity that it seems particularly partial to is the 50 fib, and this is the thick red line at 231.30 that quecee also mentioned.
On this 4 H chart, having made higher highs and higher lows we are still in an uptrend but on much lower time frames we are slowly declining, perhaps to the lower end of the 4H range. The most recent high/low yields the 50 fib at 227.55 but be mindful of support at 228 where we had our most recent bounce. I'll also be looking closely at how price moves in relation to the pitchforks I have drawn on this chart. If price gravitates towards either then I may reconsider my intraday bias.
So, although I'm not currently in any trades, I am bearish for the moment, will look for good opportunities to put in long entries with a target at that 50 fib - after that I'll be loading up shorts, waiting for the collapse into oblivion that Markam promised us.Ignored
DislikedI'm bearish over the next couple of sessions. Why? I think we will see a retest of the lower level of support in the daily channel. Stochs overbought on the Daily also.
Hourly close below 228.24 confirms this short term bias for me. What do you think guys? Targeting 227.00. Probably set a more conservative TP though...Ignored
DislikedDoes anyone know what the feds new policy on liquidity will be doing to the market? December 17th they were going to have their liquidity store open for round 2 if I remember correctly? anyone?Ignored
DislikedJust a little fundamental analysis.....
US stock market futures are negative and continue to go down. Nikkei is -256.00 and dropping as I type this.
Major US banks reporting earnings this week; Morgan Stanley on Wed. and Bear Stearns on Thurs., expecting more writeoffs and negative earnings. Investors are already nervous and with the expectation of a Jan/2008 rate cut being hammered by the high inflation reports last week we could see quite a selloff in US equities.
Looks like it is going to be a good week for pips.
Also, 4HR QQE about to cross down, might be a good setup for shorts.
Good Trading to all !Ignored
DislikedThanks Dagoods,
Id also really appreciate any input from someone who has an idea of the possible implications...
CheersIgnored
DislikedI'm bearish over the next couple of sessions. Why? I think we will see a retest of the lower level of support in the daily channel. Stochs overbought on the Daily also.
Hourly close below 228.24 confirms this short term bias for me. What do you think guys? Targeting 227.00. Probably set a more conservative TP though...Ignored
Dislikedsee chart broke trend demand line at 228.4 i see target at 226.88 possibly assuming the fed doesnt mess us up or if I missed something importantIgnored
Dislikedsf2000 said uj is overbought---but on hourly and daily RSI is not in overbought territory yet. Just wondering if he was using some other indicator.Ignored
DislikedI see price finding support around the lower black line, confluence of daily gann hilo and the 50fib taken from lo 221.25 to hi 230.32.Ignored
DislikedI see price finding support around the lower black line, confluence of daily gann hilo and the 50fib taken from lo 221.25 to hi 230.32.Ignored