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

  • #73,621
  • Apr 17, 2008 10:51am Apr 17, 2008 10:51am
Quoting karmostaji
InterbankFX

are u sure bro? i'm using IBFX too, and mine closes in 9 hours?!?!
  • #73,622
  • Apr 17, 2008 10:54am Apr 17, 2008 10:54am
Quoting lilmoe
are u sure bro? i'm using IBFX too, and mine closes in 9 hours?!?!
my 50ema is @ 203.45 and it closes in 9 hours like you said
Trade what you see, not what you think.
  • #73,623
  • Apr 17, 2008 11:05am Apr 17, 2008 11:05am
drop dear the DOW
bear camp is waiting
Attached Image (click to enlarge)
Click to Enlarge Name: 1113.gif Size: 13 KB
  • #73,624
  • Apr 17, 2008 11:05am Apr 17, 2008 11:05am
Quoting malcolmb14
There may be some form of retracemewnt back into 202 .. that is the sell I am waiting for , with a sell stop at 202.85. It is a 5 min chart trade.

I see 204 or higher in the cards for a swing trade.

It seems the market cannot be slowed down for now. The bulls have firm control and investors have a big appetite for risk right now
Good plan bro, but looking at the 30 min chart 202.11 support was already tested earlier this a.m. I wouldn't be suprised to see GJ shoot up in the next 1hr or so. . . JMO!
  • #73,625
  • Apr 17, 2008 11:06am Apr 17, 2008 11:06am
Longs are looking favourable although we are at a tough resistance area but I have a feeling it may push through hard or it could be wishful thinking (just my view I'm often wrong).

There was a great buying opportunity around the 202 level also R2 during the last couple of hours on the retest of the major declining T/L.

It makes the 192.5 level look extremly strong now and the daily candle is looking good so far, time will tell.

Attached a couple of updated charts showing my next targets.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 4h 170408.gif Size: 25 KB
Click to Enlarge Name: gj 1h 170408.gif Size: 29 KB
  • #73,626
  • Apr 17, 2008 11:10am Apr 17, 2008 11:10am
now see NYBOT
DATE---------OPEN--------HIGH-----LOW--------LAST
JUN2008---- 202.21----202.21----202.21-----198.86
SEP2008----196.46----196.46----196.46-----196.46
DEC2008----194.29----194.29----194.29-----194.29
  • #73,627
  • Apr 17, 2008 11:14am Apr 17, 2008 11:14am
Quoting Wolf.
Longs are looking favourable although we are at a tough resistance area but I have a feeling it may push through hard or it could be wishful thinking (just my view I'm often wrong).

There was a great buying opportunity around the 202 level also R2 during the last couple of hours on the retest of the major declining T/L.

It makes the 192.5 level look extremly strong now and the daily candle is looking good so far, time will tell.

Attached a couple of updated charts showing my next targets.

i see that ur first target is a previous high, however, what did u base second target on?
  • #73,628
  • Apr 17, 2008 11:14am Apr 17, 2008 11:14am
Daily chart (50 ema) is orange line. . .
A close above 203.45 would very bullish for GJ. . .

There should be support at 203.35 area next 202.30. . .
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart.gif Size: 27 KB
  • #73,629
  • Apr 17, 2008 11:22am Apr 17, 2008 11:22am
Quoting lilmoe
i see that ur first target is a previous high, however, what did u base second target on?

Hi Lilmoe,

I've attached another chart (close) that will hopefully show the reasoning behind my targets more clearly.

They are just targets and might not get there soon but it would be nice if they did .
Attached Image (click to enlarge)
Click to Enlarge Name: gj 4h 170408 close.gif Size: 19 KB
  • #73,630
  • Apr 17, 2008 11:26am Apr 17, 2008 11:26am
We will have to watch and see if this closes above or below the daily gann. If we close above I think we could be seeing the 206 area. I have daily gann at 202.55
  • #73,631
  • Apr 17, 2008 11:31am Apr 17, 2008 11:31am
Quoting Wolf.
Hi Lilmoe,

I've attached another chart (close) that will hopefully show the reasoning behind my targets more clearly.

They are just targets and might not get there soon but it would be nice if they did .

cool,

however, i'm observing a potential for a 4h retracement to 5sma, IF that happens within the next 2 hours, it MIGHT form a perfect neck for a H/S formation on my m30 chart...
  • #73,632
  • Apr 17, 2008 11:37am Apr 17, 2008 11:37am
Quoting lilmoe
cool,

however, i'm observing a potential for a 4h retracement to 5sma, IF that happens within the next 2 hours, it MIGHT form a perfect neck for a H/S formation on my m30 chart...

Would you post a chart please Lilmoe showing how you see the H&S forming.
  • #73,633
  • Apr 17, 2008 11:53am Apr 17, 2008 11:53am
Quoting Wolf.
Would you post a chart please Lilmoe showing how you see the H&S forming.


it's as i told u, all depends on the next few hours, before h4 candle is closed...
this could be completely VOID, if the price doesn't retrace to at least 202.25 BEFORE the h4 candle is closed...

Attached Image (click to enlarge)
Click to Enlarge Name: m30 h_s.gif Size: 20 KB
  • #73,634
  • Apr 17, 2008 12:08pm Apr 17, 2008 12:08pm
I think this rally is eat up the STOPS
  • #73,635
  • Apr 17, 2008 12:12pm Apr 17, 2008 12:12pm
Quoting vinesh2
I think this rally is eat up the STOPS
I think so too.
It is at 204 handle .. it has reached its daily range. If Dow closes negative today .. it is a good short level to tank maybe for 200 pips :-)
  • #73,636
  • Apr 17, 2008 12:14pm Apr 17, 2008 12:14pm
Quoting vinesh2
I think this rally is eat up the STOPS
Or it could be the 1st signal of a short-term trend reversal. . .
  • #73,637
  • Apr 17, 2008 12:14pm Apr 17, 2008 12:14pm
Quoting vinesh2
I think this rally is eat up the STOPS

yeah, i'm holding one short from 200 range
ofcourse my account can handle another 500pips upside move...
  • #73,638
  • Apr 17, 2008 12:18pm Apr 17, 2008 12:18pm
Quoting jarroo
I like the top of the Weekly IBs as Price targets (201.73 and 204.42). Ideally, the stop loss would be at the bottom of the Daily Inside Bar at 198.38.
However, if Price breaks confirmingly I will get to break even quickly to avoid loses.
And it all started with Price Action. How cool is that.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #73,639
  • Apr 17, 2008 12:26pm Apr 17, 2008 12:26pm
price has already breached daily 50 sma.. what's the hell happening?

can't resist emotions but i have to
  • #73,640
  • Apr 17, 2008 12:32pm Apr 17, 2008 12:32pm
Here we are at that 204.50 area again. I will wait for a 4H candle that closes above 205 to confirm that the daily 50 ema is broken, then join in long. Just in case there's any head fake. Right now, I'm just scalping short off of highs. Price "usually" turn around at these strong resistance levels but you just never know when they'll break through. I think there's a "high probability" of breaking through. If we get rejection, I will short. Otherwise, I will join in long for up to 213.40 area.
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