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

  • #79,801
  • May 9, 2008 9:46am May 9, 2008 9:46am
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 9:53am May 9, 2008 9:53am
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 9:57am May 9, 2008 9:57am
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 9:59am May 9, 2008 9:59am
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 11:06am May 9, 2008 9:59am | Edited 11:06am
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 10:01am May 9, 2008 10:01am
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 10:02am May 9, 2008 10:02am
have a end of good week for all

shahroodi babajan vel kon bazar ra boro kami tafrih kon
  • #79,808
  • May 9, 2008 10:03am May 9, 2008 10:03am
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 10:12am May 9, 2008 10:12am
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 10:15am May 9, 2008 10:15am
my crystal ball says 215 by the end of next week.
  • #79,811
  • May 9, 2008 10:20am May 9, 2008 10:20am
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 10:25am May 9, 2008 10:25am
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 10:28am May 9, 2008 10:28am
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 10:29am May 9, 2008 10:29am
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 10:31am May 9, 2008 10:31am
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 10:33am May 9, 2008 10:33am
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 10:38am May 9, 2008 10:38am
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 10:39am May 9, 2008 10:39am
Quoting piptrain
completely agree with u mate, nicely done!
Patience + Discipline - Greed = Success
  • #79,819
  • May 9, 2008 10:41am May 9, 2008 10:41am


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 10:46am May 9, 2008 10:46am
market slow now, scalping time
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