Auslanco - GBP/JPY and GBP/USD (newstrade)
I was thinking about it's formation earlier:
I thought it should move up to 205.60 area and then return to the current price to form an inverse H&S but it didn't go so far, though H&S was somehow predictable to me. Though this seems more like a ascending triangle and if broken above it's trend line, the I expect the price to move up to at least 206.10 (which also fills the gap there).
Let's see how it plays ...
nice analysis guyz..though i still believe this thing is still goin to the down side more before the retracement...
whats everyones take on the effect of the US ISM due in 10 mins?
nice analysis guyz..though i still believe this thing is still goin to the down side more before the retracement...
Sycho,
I agree with u - the trend is down for sure.
However, if you look at daily, weekly and monthly you will notice that
Daily s2 = 203.57, Weekly s1 = 203.63 and Monthly s1 = 203.47. Yesterday GJ reached 203.42 before bouncing where it is right now. . .
Intraday is pointing to a target of 205.30 area which is above the 4hr pivot @ 204.59 which it keeps bouncing above. If it clears 204.94, which is daily s1 and holds (resistance) then the next major target will be the daily pivot at 207.31. . . Next major resistance is at 208.68, however that could be a major turning point and be the catalyst for a downward momentum move. The reason being is daily r1 = 208.68, weekly pivot is 208.60 and monthly pivot is 208.71. . . which could pose major resistance for GJ. . .
Now I'm not saying that it will get the far but that could be a possibility over the coming days. . . On the downside, 200 and below is forthcoming and it's just a matter of time. . .
I like the way you think! I agree with that as well. We have a 50% fib level around th 208.50 area as well, which could serve as a target before shorts come into play again, especially if today closes as a daily pin bar. That would be huge because of all the supports that it ran into.
?
well well... big sharks want to fill the gap
and now that everybody and their mother think this pair is going to dive deep... how about a 217 soon?
well well... big sharks want to fill the gap
and now that everybody and their mother think this pair is going to dive deep... how about a 217 soon?
don't get married to your positions sycho, it will cost you. Price will not go down in a straight line.
i know.thats why have decided to lock in 300pips 1st and wait for a 1000pips later..thanks any way man
Oh when talking about that, I've always wondered how many lots are actually required to move the market let's say 1 pip? I understand it's different for different pairs and hard to know exactly but approximately is it 1, 20, 100 or even more lots?
Oh when talking about that, I've always wondered how many lots are actually required to move the market let's say 1 pip? I understand it's different for different pairs and hard to know exactly but approximately is it 1, 20, 100 or even more lots?
. I could see the movement because I have a level II ECN overview where my own lot(s) are highlighted. I could verify that the actual price moved by monitoring two other forex feeds!It depends on what your name is. For instance, if my name were Alan Greenaspan and I bought even a mini lot of the gbp/jpy, it would go up. lol
Auslanco can move the market with micro lots, he once bought 1 micro lot and priced jumped from 203 to 205, it was just incredible
Do you not want to explain or is it just stupid like this for no reason? I don't find the logic in it.
Auslanco can move the market with micro lots, he once bought 1 micro lot and priced jumped from 203 to 205, it was just incredible
WTF?
