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

  • #71,961
  • Apr 6, 2008 6:36pm Apr 6, 2008 6:36pm
Here´s a link where explains that formation

http://www.pfxglobal.com/video-archi...g-signals.html
  • #71,962
  • Apr 6, 2008 6:41pm Apr 6, 2008 6:41pm
Quoting shahroodi
hi Q
how r u bro??
nice chart
but one note:
daliy momentoms in monday are very tricky(becoz of the sunday candle that is not complete daily candle)..so i don't rely on monday daily momentoms.
Thxs bro, btw I'm gd. . .
Wasn't referring to the mom's in the daily chart I was pointing out possible targets and upper channel resistance. . .

A break of that upper channel would be very bullish and would target 207 area 1st target then I would load up long for 219 area. . .
  • #71,963
  • Apr 6, 2008 6:45pm Apr 6, 2008 6:45pm
Quoting quecee5
Thxs bro, btw I'm gd. . .
Wasn't referring to the mom's in the daily chart I was pointing out possible targets and upper channel resistance. . .

A break of that upper channel would be very bullish and would target 207 area 1st target. . .
agreed.....also weekly gann is at 207.50-207.90 area
  • #71,964
  • Apr 6, 2008 6:46pm Apr 6, 2008 6:46pm
A 1hr close above 203.38 would ensure 204 will be hit but 204.45 needs to be broken for further gains. . .
  • #71,965
  • Apr 6, 2008 6:50pm Apr 6, 2008 6:50pm
Quoting shahroodi
agreed.....also weekly gann is at 207.50-207.90 area
Just keep in mind that if the channel resistance is broken there is daily/weekly/monthly resistance ar'd the 206.30 area. . .

If it break thru that and gets above 207.35/50 area then I don't see anything until 210. . .
  • #71,966
  • Apr 6, 2008 6:56pm Apr 6, 2008 6:56pm
Quoting quecee5
Just keep in mind that if the channel resistance is broken there is daily/weekly/monthly resistance ar'd the 206.30 area. . .

If it break thru that and gets above 207.35/50 area then I don't see anything until 210. . .
  • #71,967
  • Apr 6, 2008 6:59pm Apr 6, 2008 6:59pm
Quoting quecee5
Just keep in mind that if the channel resistance is broken there is daily/weekly/monthly resistance ar'd the 206.30 area. . .

If it break thru that and gets above 207.35/50 area then I don't see anything until 210. . .

i dont think we are headed to 210 yet !! there is too much between now and 210 area .... and soon the she may fall ??


Thanks,
Goodbadmas
  • #71,968
  • Apr 6, 2008 7:07pm Apr 6, 2008 7:07pm
Quoting quecee5
A 1hr close above 203.38 would ensure 204 will be hit but 204.45 needs to be broken for further gains. . .
...204.45 means a break of the Daily 50 ema...since November we are trading under it
  • #71,969
  • Apr 6, 2008 7:07pm Apr 6, 2008 7:07pm
Quoting goodbadmas
i dont think we are headed to 210 yet !! there is too much between now and 210 area .... and soon the she may fall ??


Thanks,
Goodbadmas
Keep an eye on UJ my friend - I think it is headed to 104 area soon despite the bad news last week. . .

Also, I think we will see a GJ squeeze up to at least 207 area this week before the rate announcement on Thursday. . . better than expected news, you will see this pair shoot up to 209/210 faster than u can shake a stick at it. . .

But of course this will all depend on if GJ can get above upper channel resistance at 204.45, a close up there then say hello to 207 1st target. . .

A failure up there the we will see 199.50 1st target. . .
  • #71,970
  • Apr 6, 2008 7:12pm Apr 6, 2008 7:12pm
Quoting Blicas
...204.45 means a break of the Daily 50 ema...since November we are trading under it
Agreed =
  • #71,971
  • Apr 6, 2008 7:15pm Apr 6, 2008 7:15pm
Quoting quecee5
Agreed =
Since November? I'm seeing 205.05 on 3.14.08
Patience + Humility + Study = Success
  • #71,972
  • Apr 6, 2008 7:18pm Apr 6, 2008 7:18pm
Queecee5 I see that you have used fibs and channels in your chart.Do you use any software to draw there at the weekly, daily levels or you calculate it manually?

Ajay
  • #71,973
  • Apr 6, 2008 7:22pm Apr 6, 2008 7:22pm
Quoting DutchTrader
Since November? I'm seeing 205.05 on 3.14.08
I don't use 50 ema I use 55 ema which is widely used, but I understand the point he's try to make. . .
  • #71,974
  • Apr 6, 2008 7:26pm Apr 6, 2008 7:26pm
Quoting agz90
Queecee5 I see that you have used fibs and channels in your chart.Do you use any software to draw there at the weekly, daily levels or you calculate it manually?

Ajay
The fibs are expansion which should be in your chart software and below is what I'm using for the channel which calculates then automatically. . .

You can change the periods to taste - enjoy. . .
Attached File(s)
File Type: ex4 HoursChannel_v1.ex4   9 KB | 458 downloads
  • #71,975
  • Apr 6, 2008 7:32pm Apr 6, 2008 7:32pm
Quoting DutchTrader
Since November? I'm seeing 205.05 on 3.14.08
i mean since November under the Daily 50 ema not under 204.45
  • #71,976
  • Apr 6, 2008 7:33pm Apr 6, 2008 7:33pm
Quoting DutchTrader
Since November? I'm seeing 205.05 on 3.14.08
DT,

Here is a daily with 55 EMA on it. . .
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart.gif Size: 18 KB
  • #71,977
  • Apr 6, 2008 7:34pm Apr 6, 2008 7:34pm
Quoting Blicas
i mean since November under the Daily 50 ema not under 204.45
Agreed =
  • #71,978
  • Apr 6, 2008 7:35pm Apr 6, 2008 7:35pm
Thanks fellas, I misunderstood. This internet thing screws up comprehension sometimes. Thanks.
Patience + Humility + Study = Success
  • #71,979
  • Apr 6, 2008 7:38pm Apr 6, 2008 7:38pm
hello q, what is you period for the hour channel? and how do we know it is the right setting period? thanks..
  • #71,980
  • Apr 6, 2008 7:41pm Apr 6, 2008 7:41pm
Quoting DutchTrader
Thanks fellas, I misunderstood. This internet thing screws up comprehension sometimes. Thanks.
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