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

  • #58,101
  • Jan 9, 2008 3:37pm Jan 9, 2008 3:37pm
Ihave been thing for a while now that this is a possible set up.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 73 KB
  • #58,102
  • Jan 9, 2008 3:38pm Jan 9, 2008 3:38pm
http://img140.imageshack.us/img140/5069/gjbh7.gif

Hi guys,

Needs your comments on this bullish flag pattern. Is it a valid pattern?
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  • #58,103
  • Jan 9, 2008 3:39pm Jan 9, 2008 3:39pm
Quoting MMDealer
Yeah, thinking logically, the momentum of this little move up will prob see it test a bit higher still... hmm. PA to confirm.
  • #58,104
  • Jan 9, 2008 3:41pm Jan 9, 2008 3:41pm
Quoting kelab4x
http://img140.imageshack.us/img140/5069/gjbh7.gif

Hi guys,

Needs your comments on this bullish flag pattern. Is it a valid pattern?


dont know? do u? does this pattern always hold? how long does it take to play out if its on a 4 hour chart? seems very likely to eventually play out? maybe? great chart! thanks!
  • #58,105
  • Jan 9, 2008 3:43pm Jan 9, 2008 3:43pm
Quoting dagoods
dont know? do u? does this pattern always hold? how long does it take to play out if its on a 4 hour chart? seems very likely to eventually play out? maybe? great chart! thanks!
well... i will play it by ear...
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  • #58,106
  • Jan 9, 2008 3:43pm Jan 9, 2008 3:43pm
Quoting fxtrend
Ihave been thing for a while now that this is a possible set up.

looks like it was a great set up? the question now is whether u missed that boat or not???


  • #58,107
  • Jan 9, 2008 3:43pm Jan 9, 2008 3:43pm
Quoting dagoods
dont know? do u? does this pattern always hold? how long does it take to play out if its on a 4 hour chart? seems very likely to eventually play out? maybe? great chart! thanks!
range of the flag is a bit wide for my liking (relative to the 'flag pole') - but im no pattern expert. Either way you look at it - Double bottom even? Longer time frames are certainly supporting a bullish bias... Hmm now ive confused myself.
"If it bleeds ... we can kill it"
  • #58,108
  • Jan 9, 2008 3:46pm Jan 9, 2008 3:46pm
Quoting dagoods
dont know? do u? does this pattern always hold? how long does it take to play out if its on a 4 hour chart? seems very likely to eventually play out? maybe? great chart! thanks!

looking more carefully at that look at the PA? is that really a bull flag indeed? i'm not so sure.... not really that good with those myself.... loooks to me like a downtrend? food for thought
  • #58,109
  • Jan 9, 2008 3:49pm Jan 9, 2008 3:49pm
Quoting dagoods
looks like it was a great set up? the question now is whether u missed that boat or not???




man you never seem to have a grip on this pair.It has been on a yoyo for a while@@#W$S%^
  • #58,110
  • Jan 9, 2008 3:50pm Jan 9, 2008 3:50pm
Look for GJ to spike up to 215.80 area and then come down hard IMO
  • #58,111
  • Jan 9, 2008 3:51pm Jan 9, 2008 3:51pm
Quoting MMDealer
range of the flag is a bit wide for my liking (relative to the 'flag pole') - but im no pattern expert. Either way you look at it - Double bottom even? Longer time frames are certainly supporting a bullish bias... Hmm now ive confused myself.

anyone have 5 sma on their chart can post or 100 200 emas? just curious to have a looksie
  • #58,112
  • Jan 9, 2008 3:52pm Jan 9, 2008 3:52pm
Quoting kelab4x
http://img140.imageshack.us/img140/5069/gjbh7.gif

Hi guys,

Needs your comments on this bullish flag pattern. Is it a valid pattern?
this is not a Bullish Flag IMO. Most bull flag patterns occur at the middle of the larger move higher and its at the wrong angle. upside breakouts often lead to small 2-3% rallies followed by an immediate test of the breakout level. looks mor like a regular downward channel. remember bull flags occur in uptrends and bear flags in downtrends and we are in a downtrend. i will try to find some for you if i have time later
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,113
  • Jan 9, 2008 3:53pm Jan 9, 2008 3:53pm
Quoting vinesh2
Look for GJ to spike up to 215.80 area and then come down hard IMO

ok!
  • #58,114
  • Jan 9, 2008 3:55pm Jan 9, 2008 3:55pm
lets see what happens
Attached Image (click to enlarge)
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,115
  • Jan 9, 2008 3:55pm Jan 9, 2008 3:55pm
Quoting MMDealer
Hey bro,
Forgive my ignorance, but can you explain what you mean here, and why you believe price will run up? Interest?

Thanks - lookin to learn of you senior guys.

MM lots of variable but learn to figure out time, Time is key, price can only advance decline to a vibration of time at set speeds determine by the size of cycle it is fullfilling
"Millionaires don't use astrology, billionaires do"
  • #58,116
  • Jan 9, 2008 3:56pm Jan 9, 2008 3:56pm
Quoting vinesh2
Look for GJ to spike up to 215.80 area and then come down hard IMO
Check out the PA on USDJPY - it has convincingly broken upward through major resis of a triangle formation. I think we will see a pullback in USDJPY, coinciding with about 215.00/15 which will present a buying opportunity.

Dont like the pending BOA decision though. see a short term sell off on that - might pay to wait for that for optimal entry? Thoughts?
"If it bleeds ... we can kill it"
  • #58,117
  • Jan 9, 2008 3:57pm Jan 9, 2008 3:57pm
Quoting moneymagnet
this is not a Bullish Flag IMO. Most bull flag patterns occur at the middle of the larger move higher and its at the wrong angle. upside breakouts often lead to small 2-3% rallies followed by an immediate test of the breakout level. looks mor like a regular downward channel. remember bull flags occur in uptrends and bear flags in downtrends and we are in a downtrend. i will try to find some for you if i have time later
thank you, MM. Noted already...
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  • #58,118
  • Jan 9, 2008 3:58pm Jan 9, 2008 3:58pm
Quoting OrionsWay
MM lots of variable but learn to figure out time, Time is key, price can only advance decline to a vibration of time at set speeds determine by the size of cycle it is fullfilling

Hmm, ive kinda got what your saying... basically developing a feel for the market (given a short/medium term bias) - 1hr charts good for this no doubt?
"If it bleeds ... we can kill it"
  • #58,119
  • Jan 9, 2008 4:02pm Jan 9, 2008 4:02pm
Quoting fxtrend
man you never seem to have a grip on this pair.It has been on a yoyo for a while@@#W$S%^

friend if u haven;t learned by now GJ is the very definiton of a yo yo...maybe u should start taking everything with a grain of salt and trust your own analysis... you will not be getting anything reliable to trade here only opinions and all of them are different time frames systems drawdowns etc..... noone can help u or I succeed we must work hard to do that on our own..... if u like i will simply stop posting if there is no value in it...no problem.... OR you can simply put me on your ignore list

I am sorry if i have frustrated you....

By the way...my account tells me i am doing fine...knock on wood.....

I wish you success I really do. but please understand i offer my charts only for learning for myself and for others to critisize them so I can learn and i offer opinions to be critiqued thats all..... nothing is ever certain in trading and nobody is always correct..... It seems you are trying to get some trade calls from me...but i would never do that.... what if I am wrong? what if you misunderstood? I only offer possibilities and charts ...some have found them useful and I know I find everybody elses charts useful.... every single day i learn something new from all the great traders in here and i am forever grateful....

do YOu have a chart friend? or an anallysis?
  • #58,120
  • Jan 9, 2008 4:07pm Jan 9, 2008 4:07pm
anyone knows when banks will publish quarterly reports?

I heard it's today right after market close, is it right?


thx
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