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

  • #74,561
  • Apr 22, 2008 10:56am Apr 22, 2008 10:56am
indeed it is, but i don't think it would sink that low. more likely 201.50 area.
but for now, 204.30...
Quoting arezab
200.50 is a very powerful historical support and weekly S1 and also H4 bullish TL ...

Edit : ... and %76.4 fib retrace for this bull run from 198
Nihil Sine Deo.
  • #74,562
  • Apr 22, 2008 10:58am Apr 22, 2008 10:58am
Careful shorts.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #74,563
  • Apr 22, 2008 10:58am Apr 22, 2008 10:58am
USD/JPY testing 102.7
  • #74,564
  • Apr 22, 2008 11:00am Apr 22, 2008 11:00am
Quoting Scrat
indeed it is, but i don't think it would sink that low. more likely 201.50 area.
but for now, 204.30...
Of course 200.91 was BCS (best case scenario)

Just trade what's in front of you.

My 1H divergence was very clear and just netted 50 pips.
  • #74,565
  • Apr 22, 2008 11:08am Apr 22, 2008 11:08am
Quoting karmostaji
Important housing news in 35 mins, I've locked in some profits just in case the market goes wild

Always use a SL locking in profits, better be safe than sorry
closed my long for +150 pips

GJ is trading below 4H gann and new 4H momentum is bearish, if we get a candle below 1H gann, I'll go short
Trade what you see, not what you think.
  • #74,566
  • Apr 22, 2008 11:10am Apr 22, 2008 11:10am
Hi all!
  • #74,567
  • Apr 22, 2008 11:13am Apr 22, 2008 11:13am
Quoting karmostaji
closed my long for +150 pips

GJ is trading below 4H gann and new 4H momentum is bearish, if we get a candle below 1H gann, I'll go short

I'm hunting 204.30 now let's see. Also closed long at 205.89
Patience + Humility + Study = Success
  • #74,568
  • Apr 22, 2008 11:14am Apr 22, 2008 11:14am
Quoting jarroo
Careful shorts.
jaroo, is that pic an example of one of those "double bottom" thingies?
FUBAR...
  • #74,569
  • Apr 22, 2008 11:14am Apr 22, 2008 11:14am
Karmo,what momentum input do you use if you dont mind me asking?
  • #74,570
  • Apr 22, 2008 11:18am Apr 22, 2008 11:18am
I think Geppy is build up steam for another push up or at least an attempt
  • #74,571
  • Apr 22, 2008 11:18am Apr 22, 2008 11:18am
Quoting vinesh2
Karmo,what momentum input do you use if you dont mind me asking?
10
Trade what you see, not what you think.
  • #74,572
  • Apr 22, 2008 11:18am Apr 22, 2008 11:18am
Any views on the GBP/AUD 4 hour trend?
  • #74,573
  • Apr 22, 2008 11:18am Apr 22, 2008 11:18am
Attached Image


Quoting jarroo
Careful shorts.
  • #74,574
  • Apr 22, 2008 11:20am Apr 22, 2008 11:20am
Quoting karmostaji
closed my long for +150 pips

GJ is trading below 4H gann and new 4H momentum is bearish, if we get a candle below 1H gann, I'll go short

Sounds like a plan might take a small position if it gets below as well. Dow holding...
  • #74,575
  • Apr 22, 2008 11:26am Apr 22, 2008 11:26am
204.94/205.20 was tough support last time. Let's see how it plays out.
Patience + Humility + Study = Success
  • #74,576
  • Apr 22, 2008 11:27am Apr 22, 2008 11:27am
Quoting Evilgoat
I think Geppy is build up steam for another push up or at least an attempt
Cable may very well go down tomorrow, based on the GBP MPC Meeting Minutes. See here for previous market reaction to the minutes release:
http://www.forexnewspatterns.com/gbp_mpc.html
  • #74,577
  • Apr 22, 2008 11:29am Apr 22, 2008 11:29am
Quoting ak4x
jaroo, is that pic an example of one of those "double bottom" thingies?

Indicators show the past. Price Action "Indicates" the future.
  • #74,578
  • Apr 22, 2008 11:29am Apr 22, 2008 11:29am
GBP/USD falling fast
  • #74,579
  • Apr 22, 2008 11:30am Apr 22, 2008 11:30am
Quoting Clouds
GBP/USD falling fast
Along with UJ and the Dow. 204.30 is imminent imvho
Patience + Humility + Study = Success
  • #74,580
  • Apr 22, 2008 11:30am Apr 22, 2008 11:30am
Quoting Evilgoat
I think Geppy is build up steam for another push up or at least an attempt
evil,

i think so too, but with dow -119, it may not happen til later, or asia, or london. but i am still bullish GJ. if price gets back below the wkly pp at 204.70 then i will re-evaluate. i like how the daily 5ema remains in control..

ps, i like your poem
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