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

  • #78,921
  • May 7, 2008 10:25am May 7, 2008 10:25am
Quoting DutchTrader
Yep.
does yesterday's daily candle count as a pinbar on UJ?
  • #78,922
  • May 7, 2008 10:27am May 7, 2008 10:27am
Quoting lilmoe
does yesterday's daily candle count as a pinbar on UJ?
I'd consider it as one and todays close will just be the confirmation bar. That will only add more pressure for the buyers giving it another move upwards.
I dream, therefore I become.
  • #78,923
  • May 7, 2008 10:28am May 7, 2008 10:28am
4h 100 ema holding well so far.... I think we will see some action in the next 40 minutes or so.......
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Patience + Discipline - Greed = Success
  • #78,924
  • May 7, 2008 10:29am May 7, 2008 10:29am
lilmoe,

What mikew said, imvho we're headed to 106 but there's a barrier there, whatever that means.
Patience + Humility + Study = Success
  • #78,925
  • May 7, 2008 10:31am May 7, 2008 10:31am
Man! GJ is boring today.
  • #78,926
  • May 7, 2008 10:37am May 7, 2008 10:37am
Quoting vinesh2
Man! GJ is boring today.
We all waiting it to break the support or resistance.

P/s : Dow is sinking now.
  • #78,927
  • May 7, 2008 10:41am May 7, 2008 10:41am
thanks mike, dt.

today's movement on GU and UJ have had a really messy effect on GJ. if GJ doesn't break downwards we might be having a double bottom forming on h1. this might through us back up to 208. i'm full fledged bear on GJ, but if crap stays this way i'm gonna have to send my bermudas to the dry clean.

Quoting DutchTrader
lilmoe,

What mikew said, imvho we're headed to 106 but there's a barrier there, whatever that means.
  • #78,928
  • May 7, 2008 10:41am May 7, 2008 10:41am
Quoting vinesh2
Man! GJ is boring today.
No Kidding! I have made as many pips from the NZDUSD as I have with the GBPJPY today.

Looking across many of the yen pairs it looks like most of them have followed GJ and gone to sleep. Maybe tonight will be different.
  • #78,929
  • May 7, 2008 10:43am May 7, 2008 10:43am
coming to think of it. UJ and USD/CHF are really close in price movement.
  • #78,930
  • May 7, 2008 10:49am May 7, 2008 10:49am
Im sure we are in for a large move North tomorrow. The past day or two is just the daily stochs unwinding from overbought IMHO. I've loaded up on more longs again at this level...
  • #78,931
  • May 7, 2008 10:51am May 7, 2008 10:51am
Quoting lilmoe
coming to think of it. UJ and USD/CHF are really close in price movement.

There's also a triple top forming on Uj 4hr
Patience + Humility + Study = Success
  • #78,932
  • May 7, 2008 10:51am May 7, 2008 10:51am
Quoting shakesfx
Im sure we are in for a large move North tomorrow. The past day or two is just the daily stochs unwinding from overbought IMHO. I've loaded up on more longs again at this level...

Good luck with your longs.
  • #78,933
  • May 7, 2008 10:51am May 7, 2008 10:51am
Lilmoe,

Finally cut my kble for nice pips.

And building some longs on GY.
  • #78,934
  • May 7, 2008 10:53am May 7, 2008 10:53am
Quoting sifoorex
Good luck with your longs.
Thanks, I think I'll need it
  • #78,935
  • May 7, 2008 10:55am May 7, 2008 10:55am
Quoting shakesfx
Thanks, I think I'll need it
For me, i have short @ 2 lots and waiting it to break 205.50 to go more down side.
  • #78,936
  • May 7, 2008 10:56am May 7, 2008 10:56am
Triple top on UJ, and pin bar on 4hr me thinks 103.ish
Patience + Humility + Study = Success
  • #78,937
  • May 7, 2008 10:56am May 7, 2008 10:56am
DJ is tanking
  • #78,938
  • May 7, 2008 10:56am May 7, 2008 10:56am
uh oh, huge drop! go thing i'm holding my shorts
  • #78,939
  • May 7, 2008 10:58am May 7, 2008 10:58am
Quoting Infinity
I am holding my long til 205.5 is breached

Still holding your long?
  • #78,940
  • May 7, 2008 10:58am May 7, 2008 10:58am
i think we might be seeing 204.85 soon, the 38.2 fibo
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