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

  • #72,721
  • Apr 10, 2008 10:31am Apr 10, 2008 10:31am
It is very bullish, we've had 2 down days in the DJIA, me thinks today's an upday, hence bullishness for UJ, and GJ
Patience + Humility + Study = Success
  • #72,722
  • Edited 10:47am Apr 10, 2008 10:32am | Edited 10:47am
Quoting arezab
Today I experienced a very strange market ... Everyone expected a 25 point rate cut from BOE which didn't happen. In that case GU was expected to move up because of no rate cut but it remained steady, whereas UJ moved down instead of GU... I was -160 pips in red with GJ but for now I'm +70 in green I will hold this position until 201.10 where H4 Gann is.

This thing seems to be very bullish now.
i think we ll go little bit down down down now and i'll buy again

oh, no ill not ( i lost my position(
  • #72,723
  • Apr 10, 2008 10:38am Apr 10, 2008 10:38am
Only me who thinks it has now started forming the handle on an upside down cup? 4H chart.
  • #72,724
  • Apr 10, 2008 10:39am Apr 10, 2008 10:39am
Quoting SimonJ
Only me who thinks it has now started forming the handle on an upside down cup? 4H chart.
I have no idea what that means. Is it bullish, or bearish?
Patience + Humility + Study = Success
  • #72,725
  • Apr 10, 2008 10:43am Apr 10, 2008 10:43am
Quoting DutchTrader
I have no idea what that means. Is it bullish, or bearish?
If it is how I think then the handle will break to the downside and alot of bearishness will be seen. The handle itself is slightly bullish.
http://www.investopedia.com/terms/c/cupandhandle.asp
But I'm not sure if there is such a thing as upside down cup and handle.
  • #72,726
  • Apr 10, 2008 10:45am Apr 10, 2008 10:45am
This could be some profit taking since UK market are about to close
  • #72,727
  • Apr 10, 2008 10:50am Apr 10, 2008 10:50am
SimonJ,

Thanks. Always good to learn new things. I'm targeting 102.00 UJ as turning point. Either we bounce off that and go back down, but with the Dow up over 100 pts I don't see it. Should be a bullish day and perhaps end of week.
Patience + Humility + Study = Success
  • #72,728
  • Apr 10, 2008 10:52am Apr 10, 2008 10:52am
there WAS a 25 point rate cut!!!

Quoting arezab
Today I experienced a very strange market ... Everyone expected a 25 point rate cut from BOE which didn't happen. In that case GU was expected to move up because of no rate cut but it remained steady, whereas UJ moved down instead of GU... I was -160 pips in red with GJ but for now I'm +70 in green I will hold this position until 201.10 where H4 Gann is.

This thing seems to be very bullish now.
  • #72,729
  • Apr 10, 2008 11:23am Apr 10, 2008 11:23am
this time is nice time for renewed sell GJ
  • #72,730
  • Apr 10, 2008 11:25am Apr 10, 2008 11:25am
i have received candlestick signal for sell
  • #72,731
  • Apr 10, 2008 11:32am Apr 10, 2008 11:32am
hi dear forexlion
i think again we will see that some traders will involved by a trap in the false upternd
  • #72,732
  • Apr 10, 2008 11:33am Apr 10, 2008 11:33am
Quoting hussin naiji
i have received candlestick signal for sell
Hussin naiji

I always enjoy your candlestick charts....kindly show the "sell" candle sw
The Will is Greater than the Skill
  • #72,733
  • Apr 10, 2008 11:36am Apr 10, 2008 11:36am
Quoting SimonJ
Only me who thinks it has now started forming the handle on an upside down cup? 4H chart.

I see that also simon

60 min chart right up against 50 sma right now. Bernanke speak coming up at top of hour
Blogging daily now at www.volume.zone
  • #72,734
  • Apr 10, 2008 11:38am Apr 10, 2008 11:38am
Quoting DutchTrader
SimonJ,

Thanks. Always good to learn new things. I'm targeting 102.00 UJ as turning point. Either we bounce off that and go back down, but with the Dow up over 100 pts I don't see it. Should be a bullish day and perhaps end of week.
dj can turn on a dime

Yesterday it was down 140 points , then turned to finish only slightly lower for the day. I trade the YM ... had awesome days every day this week.
Blogging daily now at www.volume.zone
  • #72,735
  • Apr 10, 2008 11:43am Apr 10, 2008 11:43am
where is your sell najji?..have you sell already or you are waiting until bernanke finish ?
  • #72,736
  • Apr 10, 2008 11:44am Apr 10, 2008 11:44am
Quoting skillwill
Hussin naiji

I always enjoy your candlestick charts....kindly show the "sell" candle sw
dear SKILLWILL
after a test in 189.60
i will say my reason on chart
  • #72,737
  • Apr 10, 2008 11:44am Apr 10, 2008 11:44am
Quoting malcolmb14
dj can turn on a dime

Yesterday it was down 140 points , then turned to finish only slightly lower for the day. I trade the YM ... had awesome days every day this week.
Not fooled, you're a gunslinger trading the YM. I just use it for correlation to the carry.
Patience + Humility + Study = Success
  • #72,738
  • Apr 10, 2008 11:48am Apr 10, 2008 11:48am
have a nice trade for all
bi bi
  • #72,739
  • Apr 10, 2008 11:48am Apr 10, 2008 11:48am
Quoting hussin naiji
i have received candlestick signal for sell
http://qsmile.com/qsimages/73.gif http://qsmile.com/qsimages/73.gif
I THINK YOUR MONITOR IS UPSIDE DOWN BRO
btw my target reached at 201.20,from 199.60


plz note if today price not close below daily gann then we may see 202 area again(my reason becoz of bullish weekly candle that i posted before)
also today candle was bullish and after such a big drop ,price came back to open of today.

PS:the reason i take long at 199.60 was becoz when new 8hr candle was foremd,it was bullish for gj,gu and uj.
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  • #72,740
  • Apr 10, 2008 11:49am Apr 10, 2008 11:49am
Quoting arezab
Today I experienced a very strange market ... Everyone expected a 25 point rate cut from BOE which didn't happen. In that case GU was expected to move up because of no rate cut but it remained steady, whereas UJ moved down instead of GU... I was -160 pips in red with GJ but for now I'm +70 in green I will hold this position until 201.10 where H4 Gann is.

This thing seems to be very bullish now.
Great Job, I still have to leave target level..
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