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

  • #78,541
  • May 6, 2008 10:36am May 6, 2008 10:36am
Quoting mktjong
Exactly .. bull trap ..


Bull run.
  • #78,542
  • May 6, 2008 10:38am May 6, 2008 10:38am
Quoting sycho
the daily target for gold is 888.53..an hrly close above 883 will take us there...anything follows after then...g/j flows in the same direction with gold..
Sweet music to my ears
  • #78,543
  • May 6, 2008 10:39am May 6, 2008 10:39am
Quoting mike w
I think the 4 hour is going to be looking good for the bulls, but now we just have to wait for the close of it.
Potential 4 hour Pin Bar could show the way long. I would like a longer nose on the Pin, but the 365ema may provide the support needed. Stay tuned.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #78,544
  • May 6, 2008 10:43am May 6, 2008 10:43am
Quoting jarroo
Potential 4 hour Pin Bar could show the way long. I would like a longer nose on the Pin, but the 365ema may provide the support needed. Stay tuned.
Excellent! When does your candle close? I would think, by the looks of it, that it closes in 15 minutes like mine does. Looks like a good trade in the making!
I dream, therefore I become.
  • #78,545
  • May 6, 2008 10:45am May 6, 2008 10:45am
Quoting mktjong
Exactly .. bull trap ..

I have reshorted at 206.28.

GU has lost steam and i believe london boys shpould be going home soon, also UJ seems to have done a 4ghr 5sma retracement. UJ still looks bearish to me
  • #78,546
  • May 6, 2008 10:49am May 6, 2008 10:49am
Quoting mike w
Excellent! When does your candle close? I would think, by the looks of it, that it closes in 15 minutes like mine does. Looks like a good trade in the making!
Yeah, 12:00 PM EST. Possible retrace in the mix. Looks good.
Indicators show the past. Price Action "Indicates" the future.
  • #78,547
  • May 6, 2008 10:49am May 6, 2008 10:49am
Quoting ephisi
I have reshorted at 206.28.

GU has lost steam and i believe london boys shpould be going home soon, also UJ seems to have done a 4ghr 5sma retracement. UJ still looks bearish to me
take it easy.....
Imanuel Parsifal
  • #78,548
  • May 6, 2008 10:50am May 6, 2008 10:50am
We have been making lower lowes for the past 8 hours imo GJ might target mid 204 region which also around the Daily 50 EMA region some time today or in the late evening before any bounce up. 204.80's is a good support area for longs. I would be looking to short all rallies
  • #78,549
  • May 6, 2008 10:51am May 6, 2008 10:51am
206.10 or 205.99 before a bounce North I think.
  • #78,550
  • May 6, 2008 10:53am May 6, 2008 10:53am
I'm seeing bears still in action to ~ 205.10. Price broke to the south side Skunny style on the last swing and closed past the middle of the gann diamond. I think things might trend sideways for a while to relieve the RSI for the run down. So far resistance has stood her ground Bo style as well.

Just my 2 pips,

Scotty B
Attached Image (click to enlarge)
Click to Enlarge Name: bears.gif Size: 27 KB
  • #78,551
  • May 6, 2008 10:53am May 6, 2008 10:53am
Quoting ephisi
I have reshorted at 206.28.

GU has lost steam and i believe london boys shpould be going home soon, also UJ seems to have done a 4ghr 5sma retracement. UJ still looks bearish to me
Usd/Jpy:
Looks like a nice Pin Bar(candle) on a trendline. Could be moving upwards.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #78,552
  • May 6, 2008 10:55am May 6, 2008 10:55am
Quoting sycho
take it easy.....
sup bro, i know im against your direction, trade what u see on your charts.LOL
How u dey
  • #78,553
  • May 6, 2008 10:59am May 6, 2008 10:59am
Quoting jarroo
Usd/Jpy:
Looks like a nice Pin Bar(candle) on a trendline. Could be moving upwards.
Thanks bro watching some resistance levels closely, if taken out ill exit

where have you been.
  • #78,554
  • May 6, 2008 11:00am May 6, 2008 11:00am
Quoting ephisi
sup bro, i know im against your direction, trade what u see on your charts.LOL
How u dey
i dont have a direction bro..i just trade what this baby is telling me...and i dont analys much on g/j again,i guess that place is saturated...best of luck and happy workers day
Imanuel Parsifal
  • #78,555
  • May 6, 2008 11:00am May 6, 2008 11:00am
exite -20pips, waiting for 1hr candle to close above gann and qqe 5 to cross up, hopefully we should have a DBLHC on the 4hr and 1hr candle close above d pesky 1hr 50ema
  • #78,556
  • May 6, 2008 11:01am May 6, 2008 11:01am
Quoting jarroo
Usd/Jpy:
Looks like a nice Pin Bar(candle) on a trendline. Could be moving upwards.

How strong do you think the pin bar on G/J looks now it's completed?

COME ON bulls!
  • #78,557
  • May 6, 2008 11:02am May 6, 2008 11:02am
Quoting shakesfx
How strong do you think the pin bar on G/J looks now it's completed?

COME ON bulls!
Looks real strong. It may retrace a bit to the 365 ema or it may just take off, hard to say.
Indicators show the past. Price Action "Indicates" the future.
  • #78,558
  • May 6, 2008 11:03am May 6, 2008 11:03am
i see g/j pouring to 206.03 area
Imanuel Parsifal
  • #78,559
  • May 6, 2008 11:03am May 6, 2008 11:03am
UJ back to 105.54 bulls are frisky. Sallie Mae came with some mumbo jumbo
Patience + Humility + Study = Success
  • #78,560
  • May 6, 2008 11:06am May 6, 2008 11:06am
Quoting ephisi
exite -20pips, waiting for 1hr candle to close above gann and qqe 5 to cross up, hopefully we should have a DBLHC on the 4hr and 1hr candle close above d pesky 1hr 50ema
you may still get your down movement upto say 206.03area
Imanuel Parsifal
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