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

  • #74,081
  • Apr 20, 2008 7:31pm Apr 20, 2008 7:31pm
morning all,

does anyone see a bearish engulfing pattern on their h4 charts?
  • #74,082
  • Apr 20, 2008 7:35pm Apr 20, 2008 7:35pm
also an evening star on other platforms (bearish engulfing on ibfx)

Quoting lilmoe
morning all,

does anyone see a bearish engulfing pattern on their h4 charts?
  • #74,083
  • Apr 20, 2008 7:42pm Apr 20, 2008 7:42pm
Quoting GodfreyH
My FXDD account shows, the weekly 1c (close) momentum sharply down and the 10c slghtly down. The 14c momentum is however up. This seems to indicate a retrace to the sma, before continuing up.

The daily FXDD account shows price way above the 5-sma high and momentums are also pointed down. Unless price drags up the daily-5-sma, I expect price to fall to the daily -5-SMA high and possible the daily 5-sma close, which is about 50% of the recent upmove.

On my interbank fx account, price is right up against the daily 100-sma and the 1 period daily momentum is also sharply down, so this seems to confirm a retrace, let us see what plays out.
hi Godfrey
one note:
if your broker gives you a daily candle in sunday so the momentoms in monday will be almost ticky....i experienced it before...becoz of this i never post daliy momentoms in mondays
also notice that in daily and weekly price opend outside of channel
  • #74,084
  • Apr 20, 2008 8:17pm Apr 20, 2008 8:17pm
Quoting shahroodi
hi Godfrey
one note:
if your broker gives you a daily candle in sunday so the momentoms in monday will be almost ticky....i experienced it before...becoz of this i never post daliy momentoms in mondays
also notice that in daily and weekly price opend outside of channel
....
  • #74,085
  • Apr 20, 2008 9:00pm Apr 20, 2008 9:00pm
Quoting warta
hello everyone
shahroodi , Q , dutch and all hows u ?
Good bro Thxs for asking. Hope u are doing well =
  • #74,086
  • Apr 20, 2008 9:05pm Apr 20, 2008 9:05pm
whats happend to the guppy ????
whats up????
esh fe ???
my immortal
  • #74,087
  • Apr 20, 2008 9:06pm Apr 20, 2008 9:06pm
is that H&S or crawn or what ??
my immortal
  • #74,088
  • Apr 20, 2008 9:12pm Apr 20, 2008 9:12pm
Quoting timewilltell
lots of bad numbers expected this weeks from the credit/bank guys. so we may go down then up, IMO
I agree. . .
Here what I'm seeing on the 4hr chart. . . price is heading up but 4hr ZLS and ZL MACD is heading down. . .
Would be very careful with longs right now - rather wait for a pull back to solid support before entering. . .

Price looks to be clearly OB on LTF and mom are screaming for a pull back. IMO price should not go any higher than last weeks high and looks to be setting up for a 1,2,3 correction. . . If is does then it will invalidate this theory which I would be surprised.

Also, Asia session is notorious for stop loss hunting that's why I don't trade this session. . .
Just what I'm seeing. . .

Trade what u see just giving my view of course -
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart2.gif Size: 30 KB
  • #74,089
  • Edited 9:45pm Apr 20, 2008 9:23pm | Edited 9:45pm
Looking at 4hr intraday pivots, looks like price could head to 208.90 area then back down to 206.59 area 1st stop.
A break of this support could see it go to 204.70/204/203.80 to test support then head backup to 210/211.90 1st targets.
A break and close above 213.50/214 then price will probably be pushed up to 220 area to test broken neckline. . . That's a long shot but it could happen.

I'm on the side line until 2morrow until we get a clearer picture. ..
  • #74,090
  • Edited 9:40pm Apr 20, 2008 9:30pm | Edited 9:40pm
I entered a small long at the break of this 4 hour Inside Bar at 208.01. This is also above S/R Zone in my earlier chart.

Again, showing Price Action setups at S/R levels and Zones.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #74,091
  • Apr 20, 2008 9:36pm Apr 20, 2008 9:36pm
Quoting malcolmb14
204.5 is my target....daily 50 sma. The candle on the daily is very bullish.

The market is risk tolerant again . Be careful on adding shorts.

We broke out of the bull flag on the daily and have been heading up as per my earlier posts this week when I noted the trend was changing on the 2 hour charts,

Attachment
As per the linear regression channel of the 1st posting. This is just the channel playing out to a fib retracement of likely 211.40 od the large move down.

Several thing have contributed to the gj going up.
1) The earning of major companies out of the US the last 2 weeks have been very good. Major ones like Cat , Google , etc etc are the ones I follow.

2) the announcement of the BOE for the bailout plan , of which the details are to be released this coming Monday.
Blogging daily now at www.volume.zone
  • #74,092
  • Edited 9:56pm Apr 20, 2008 9:42pm | Edited 9:56pm
Okay, I said I would be working from several charts this week, here is a couple of them. . .

Here is a clear picture of what I'm seeing and what's going on. . .
Notice how the blue mom's line is heading down which correlates to the 4hr charts ZL MACD and ZLS. . .
Also, notice the divergence that's starting on the daily ZL MACD. . .

As stated price seems to be OB and needs to eventually retrace before heading back up. . .JMHO. .

Cheers = = . . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily chart2.gif Size: 33 KB
Click to Enlarge Name: 4hr chart2.gif Size: 30 KB
  • #74,093
  • Apr 20, 2008 10:03pm Apr 20, 2008 10:03pm
Weekly mom's says we can expect some down movement as well. . .
red = 14. white = 10, blue = 1

cheers. . .
Attached Image (click to enlarge)
Click to Enlarge Name: weekly chart9.gif Size: 40 KB
  • #74,094
  • Apr 20, 2008 10:09pm Apr 20, 2008 10:09pm
Good night all =
Good luck on your trading this week. . .
  • #74,095
  • Apr 20, 2008 10:11pm Apr 20, 2008 10:11pm
Vinesh, chk your pm bro!
I'll check back 2morrow a.m.. . .
  • #74,096
  • Apr 20, 2008 10:24pm Apr 20, 2008 10:24pm
Future Dow has pierced thru a significant resistance, thus for Geppy should be a solid bullish trend
Attached Image
  • #74,097
  • Apr 20, 2008 10:42pm Apr 20, 2008 10:42pm
Hi guys,

Looks like GU is forming a bearish divergence in 1hr.
Perhaps this should bring GJ down to Q's 38.2% 204.80 or 50% 203.50 zone.
Waiting to see how this plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 55 KB
  • #74,098
  • Apr 21, 2008 12:12am Apr 21, 2008 12:12am
Quoting jarroo
I entered a small long at the break of this 4 hour Inside Bar at 208.01. This is also above S/R Zone in my earlier chart.

Again, showing Price Action setups at S/R levels and Zones.
Stop loss at 207.15. Price never broke hard and fast through the 208.00 of the IB. Probably should not have taken the trade because of this. I entered a small position just to see what would happen and show how the power of Price Action can benefit all stratgies. This is how I practise and learn. My long trades from last week are still in play.
Indicators show the past. Price Action "Indicates" the future.
  • #74,099
  • Apr 21, 2008 12:58am Apr 21, 2008 12:58am
I'm currently long on guppy. Expect resistance later in the day.
  • #74,100
  • Apr 21, 2008 1:37am Apr 21, 2008 1:37am
i'm surprised Orions Way hasnt posted a chart its a full moon AND its high tide!!!!
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