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

  • #62,101
  • Feb 18, 2008 2:03am Feb 18, 2008 2:03am
Quoting JasonGuillen
look 200 ema on hourly.
Hey, so . . ? Are you saying that the 200 EMA will act as support on the hourly?
Indicators show the past. Price Action "Indicates" the future.
  • #62,102
  • Feb 18, 2008 2:08am Feb 18, 2008 2:08am
Q,

We're on the same page man !

Short : 213.8, 213.2, 212.4, 212.24 and 211.8

TP: 209.00 (was 209.70)

15,30,1H and 4H are pointing south.

Lets see how this ride turns out.

Let start the week off right London.

217+ by Friday
  • #62,103
  • Feb 18, 2008 2:08am Feb 18, 2008 2:08am
Quoting jarroo
Hey, so . . ? Are you saying that the 200 EMA will act as support on the hourly?
Nope. It stalled there, and that was odd. Thats all.
  • #62,104
  • Feb 18, 2008 2:10am Feb 18, 2008 2:10am
Quoting metlife777
there is a strong barrier @ 210.60/50 level
For sure, some S/R at this price point.
Not sure how strong.... with a break of this point, we should get some more south.

Well, 2.18 is my 36th Birthday...... how bout a $3,600 day.

209.00 !!
  • #62,105
  • Feb 18, 2008 2:11am Feb 18, 2008 2:11am
Quoting JasonGuillen
Nope. It stalled there, and that was odd. Thats all.
Moving averages will act as S/R level on higher time frames. I just don't trust them compared to the S/R levels that the market create itself.
Indicators show the past. Price Action "Indicates" the future.
  • #62,106
  • Feb 18, 2008 2:18am Feb 18, 2008 2:18am
I also have a signal alert:

When markam enters this thread after being gone for awhile, a sell signal is alerted.

(just kidding)
Indicators show the past. Price Action "Indicates" the future.
  • #62,107
  • Feb 18, 2008 2:20am Feb 18, 2008 2:20am
Quoting kujo17
Q,

We're on the same page man !

Short : 213.8, 213.2, 212.4, 212.24 and 211.8

TP: 209.00 (was 209.70)

15,30,1H and 4H are pointing south.

Lets see how this ride turns out.

Let start the week off right London.

217+ by Friday
yep i see 208.70 area then back up from there. . . lets see how this plays out!
  • #62,108
  • Feb 18, 2008 2:23am Feb 18, 2008 2:23am
Quoting kujo17
For sure, some S/R at this price point.
Not sure how strong.... with a break of this point, we should get some more south.

Well, 2.18 is my 36th Birthday...... how bout a $3,600 day.

209.00 !!
Happy Birthday! Hope you got a nice gift from GJ today
  • #62,109
  • Feb 18, 2008 2:27am Feb 18, 2008 2:27am
Quoting kujo17
For sure, some S/R at this price point.
Not sure how strong.... with a break of this point, we should get some more south.

Well, 2.18 is my 36th Birthday...... how bout a $3,600 day.

209.00 !!
if GJ crossed 210.50 down then we might see 209.30 today
  • #62,110
  • Feb 18, 2008 2:29am Feb 18, 2008 2:29am
Quoting metlife777
there is a strong barrier @ 210.60/50 level
what barrier would that be? I don't see anything until 210.02 area which is daily s1, a break of that should see 208.60 area. . .

GJ closed friday below daily pivot support, it has since then challenge it and failed. Therefore, we should see S1 support at the very least. . .
  • #62,111
  • Feb 18, 2008 2:42am Feb 18, 2008 2:42am
weekly pivot

Quoting quecee5
what barrier would that be? I don't see anything until 210.02 area which is daily s1, a break of that should see 208.60 area. . .

GJ closed friday below daily pivot support, it has since then challenge it and failed. Therefore, we should see S1 support at the very least. . .
TRADE FOR SWAP
  • #62,112
  • Feb 18, 2008 2:44am Feb 18, 2008 2:44am
Quoting quecee5
what barrier would that be? I don't see anything until 210.02 area which is daily s1, a break of that should see 208.60 area. . .

GJ closed friday below daily pivot support, it has since then challenge it and failed. Therefore, we should see S1 support at the very least. . .
Yeah, Q. I don't see anything in the way on the down side. Maybe the 210.30 which is Friday's low.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #62,113
  • Feb 18, 2008 2:50am Feb 18, 2008 2:50am
Quoting cgldsmth
weekly pivot
ah, u are correct yep it is at 210.70 area. . . will be watching that one. a break of that one would be very bearish!
  • #62,114
  • Feb 18, 2008 2:51am Feb 18, 2008 2:51am
Quoting Pip Dream
After doing some further research on the Northern Rock nationalisation, it appears it could have more of a negative effect on sterling than I had first thought. I'm not so confident in a move up anymore, please ignore my previous view on todays movement as this could overshadow the positive house price news.
GBPUSD is falling like a rock.
Indicators show the past. Price Action "Indicates" the future.
  • #62,115
  • Feb 18, 2008 2:54am Feb 18, 2008 2:54am
well it failed on first attempt. pause for breath.

Quoting quecee5
ah, u are correct yep it is at 210.70 area. . . will be watching that one. a break of that one would be very bearish!
TRADE FOR SWAP
  • #62,116
  • Feb 18, 2008 2:56am Feb 18, 2008 2:56am
Quoting cgldsmth
well it failed on first attempt. pause for breath.
lol! for now. . .
  • #62,117
  • Feb 18, 2008 2:58am Feb 18, 2008 2:58am
here is what i saw earlier and seeing eventually. . .
The up move volume is diminishing as can be seen on the volume chart at the bottom.
we shall see how this plays out. . . We are in wave 5 of that down move then back up in 3 waves. . . Wave 5 should give ar'd 300 pips from the rejection of the daily pivot at 211.70 so it should end ar'd 208.70 area or so. . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: head & shoulder pattern2.gif Size: 23 KB
Click to Enlarge Name: head & shoulder pattern4.gif Size: 26 KB
  • #62,118
  • Feb 18, 2008 3:10am Feb 18, 2008 3:10am
Quoting quecee5
what barrier would that be? I don't see anything until 210.02 area which is daily s1, a break of that should see 208.60 area. . .

GJ closed friday below daily pivot support, it has since then challenge it and failed. Therefore, we should see S1 support at the very least. . .
that is 1st harmonic barrier
  • #62,119
  • Feb 18, 2008 3:17am Feb 18, 2008 3:17am
Quoting metlife777
that is 1st harmonic barrier
looks to be testing 5SMA right now. . .
usually wave 5 is in 3 waves down, up then back down, only time will tell.
Also, volume is very low on this up move. may be minor short covering for now
until the fix come in @ 4:30 a.m. est.
  • #62,120
  • Feb 18, 2008 3:55am Feb 18, 2008 3:55am
Quoting quecee5
looks to be testing 5SMA right now. . .
usually wave 5 is in 3 waves down, up then back down, only time will tell.
Also, volume is very low on this up move. may be minor short covering for now
until the fix come in @ 4:30 a.m. est.
GJ has formed a very strong barrier in its move down; if 210.50 is crossed down then other one much stronger is @ 210.25 level
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