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

  • #79,801
  • May 9, 2008 11:46am May 9, 2008 11:46am
Quoting jarroo
How nice was this Inside Bar on the 4 hour chart. I missed it, of course.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #79,802
  • May 9, 2008 11:53am May 9, 2008 11:53am
As I said before when I was holding that small long, a daily close below 203.5 would be very bearish for the pair. I shorted at 203 and recovered nicely from that loss plus a bunch down to 200 . Right now things look very bearish indeed and I see 196 as a real possibility now based on this chart...... I think it go down to this previous trendline (red)

Bless
Attached Image (click to enlarge)
Click to Enlarge Name: tla.GIF Size: 19 KB
Patience + Discipline - Greed = Success
  • #79,803
  • May 9, 2008 11:57am May 9, 2008 11:57am
Quoting Infinity
As I said before when I was holding that small long, a daily close below 203.5 would be very bearish for the pair. I shorted at 203 and recovered nicely from that loss plus a bunch down to 200 . Right now things look very bearish indeed and I see 196 as a real possibility now based on this chart...... I think it go down to this previous trendline (red)

Bless
completely agree with u mate, nicely done!
  • #79,804
  • May 9, 2008 11:59am May 9, 2008 11:59am
UJ clinging to the 103 handle, why? I don't know. Once it gives 102.60 is next.

Signed,

your friendly neighborhood UJ update guy
Patience + Humility + Study = Success
  • #79,805
  • Edited 1:06pm May 9, 2008 11:59am | Edited 1:06pm
If the dow gets and closes below 12700 that is 198.10 time probably Monday or so.

Get ready for the after lunch Offer or Bid...

103.30 - 40 was a big setback for UJ. If the dow tanks get ready for GJ ride down...

Just my thoughts
  • #79,806
  • May 9, 2008 12:01pm May 9, 2008 12:01pm
Quoting jarroo
Jaroo,

So, when that IB got broke, to the south, that's notice that price will fall ?

k
  • #79,807
  • May 9, 2008 12:02pm May 9, 2008 12:02pm
have a end of good week for all

shahroodi babajan vel kon bazar ra boro kami tafrih kon
  • #79,808
  • May 9, 2008 12:03pm May 9, 2008 12:03pm
Quoting mktjong
Let's all do this to Geppy .. hehehe
Today is Friday, we may see some profit taking into the close. Shorts squeece.. it would be hesitant for traders to go short at this level.. but it is just my opinion ..hehee.

This morning long position labored more than a hundred pips, then went short but not at a good level.. scrapped my shorts now with a few pips loss.
  • #79,809
  • May 9, 2008 12:12pm May 9, 2008 12:12pm
Quoting DutchTrader
UJ clinging to the 103 handle, why? I don't know. Once it gives 102.60 is next.

Signed,

your friendly neighborhood UJ update guy
UJ 102.43 IS NEXT
  • #79,810
  • May 9, 2008 12:15pm May 9, 2008 12:15pm
my crystal ball says 215 by the end of next week.
  • #79,811
  • May 9, 2008 12:20pm May 9, 2008 12:20pm
Quoting lilmoe
my crystal ball says 215 by the end of next week.
But my magic crystal ball tell me 192 in next week
  • #79,812
  • May 9, 2008 12:25pm May 9, 2008 12:25pm
well it is interesting that price is sitting now on the 50% of the low to the 209 peak, at 200.75...
  • #79,813
  • May 9, 2008 12:28pm May 9, 2008 12:28pm
Quoting lilmoe
my crystal ball says 215 by the end of next week.
correction:

if 199.70 was breached by a daily candle (not penetrated) then 213.70 is the first target if breached by a daily candle we're looking at 217 area.
  • #79,814
  • May 9, 2008 12:29pm May 9, 2008 12:29pm
Quoting khaled22
But my magic crystal ball tell me 192 in next week



i wouldn't mind that either still have me shorties on. HOWEVER, this is forex
  • #79,815
  • May 9, 2008 12:31pm May 9, 2008 12:31pm
Quoting kujo17
Jaroo,

So, when that IB got broke, to the south, that's notice that price will fall ?

k
I don''t know if it's a "notice" that Price would fall, but its a good low risk trade with a s/l (80pips) at the top of the IB.

Taking the bottom of a IB in a downtrend and the top of a IB in an uptrend is always a good trade to me for that reason.
Indicators show the past. Price Action "Indicates" the future.
  • #79,816
  • May 9, 2008 12:33pm May 9, 2008 12:33pm
Quoting vinesh2
Guys please stop cluttering the forum. Forum is mostly for analysis and strategies. Thanks appreciate it
No probs, but passing time by posting a bit of humour now and then, whilst staring at our platforms when the beast isn't moving after analysis is ok isn't it? I must admit though, my last one may have been a little bit on the offensive side....I'll try and keep the "funnies" toned down a bit...

Cheers

Right everyone, I'm off for a lovely weekend. See you all Monday!
  • #79,817
  • May 9, 2008 12:38pm May 9, 2008 12:38pm
Quoting shakesfx
No probs, but passing time by posting a bit of humour now and then, whilst staring at our platforms when the beast isn't moving after analysis is ok isn't it? I must admit though, my last one may have been a little bit on the offensive side....I'll try and keep the "funnies" toned down a bit...

Cheers

Right everyone, I'm off for a lovely weekend. See you all Monday!
Have a good one bro.
Patience + Discipline - Greed = Success
  • #79,818
  • May 9, 2008 12:39pm May 9, 2008 12:39pm
Quoting piptrain
completely agree with u mate, nicely done!
Patience + Discipline - Greed = Success
  • #79,819
  • May 9, 2008 12:41pm May 9, 2008 12:41pm


Quoting shakesfx
No probs, but passing time by posting a bit of humour now and then, whilst staring at our platforms when the beast isn't moving after analysis is ok isn't it? I must admit though, my last one may have been a little bit on the offensive side....I'll try and keep the "funnies" toned down a bit...

Cheers

Right everyone, I'm off for a lovely weekend. See you all Monday!
  • #79,820
  • May 9, 2008 12:46pm May 9, 2008 12:46pm
market slow now, scalping time
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