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

  • #83,621
  • May 22, 2008 11:15am May 22, 2008 11:15am
Quoting Piters
DOW in RED

And G/J's failed to get through this 206.00/20 resistance for 2 1/2 hours ...Can't be long now...
  • #83,622
  • May 22, 2008 11:19am May 22, 2008 11:19am
Quoting Piters
But, This is THE TOP, by the Books. Have a look, and please Comment this. To me looks very Bearish, standard retracement. My Targets:
Dear Piters, IMVHO do not stick to one or two trend lines to guess the possible top or bottom. Always consider other trend lines too.

I edited your snapshot. I think this move will not slow down so early.
Look for price action on H4 chart too ...

Just my 2 cents my friend
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-136.png Size: 108 KB
Discipline + Patience - Fear - Greed = Success
  • #83,623
  • May 22, 2008 11:21am May 22, 2008 11:21am
this is very risky

i'm short again at 206, sl 206.50
  • #83,624
  • May 22, 2008 11:30am May 22, 2008 11:30am
Quoting arezab
Dear Piters, IMVHO do not stick to one or two trend lines to guess the possible top or bottom. Always consider other trend lines too.

I edited your snapshot. I think this move will not slow down so early.
Look for price action on H4 chart too ...

Just my 2 cents my friend
Possible, no question about that. I am not guided by TL''s, as much by retracements. (the blue TL goes up to 240)Today we made 0.618 Fibo (which usually is the top for the second corrective wave) and we stop on 100sma on Daily. I agree that any other PA can move this pair towards 213 as well. Honestly With petrol prices, and weak Dow.. I can''t see any serious buyers at this moment.

Maybe I am wrong. Still we are here to follow the Market..
  • #83,625
  • May 22, 2008 11:33am May 22, 2008 11:33am
Using Fibonacci Channels which is a great tool, I believe there is a high probability that we will see 209 area again before any down.

Here is a chart ..
Attached Image (click to enlarge)
Click to Enlarge Name: top.gif Size: 19 KB
Discipline + Patience - Fear - Greed = Success
  • #83,626
  • May 22, 2008 11:34am May 22, 2008 11:34am
it's quite positive for usd/jpy and geppy.
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,627
  • May 22, 2008 11:35am May 22, 2008 11:35am
Don't normally use lower timeframes... but trying to see whats going to filter through to the 1 and 4hr. Do I see divergence working into the 15m and 30m Charts or am I imagining things?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp jpy 15min.gif Size: 18 KB
Click to Enlarge Name: gbp jpy 30min.gif Size: 18 KB
  • #83,628
  • May 22, 2008 11:40am May 22, 2008 11:40am
Home Prices Post Record Declines In First Quarter

U.S. home prices posted their sharpest first-quarter decline since the government began tracking the data 17 years ago.
The Washington-based Office of Federal Housing Enterprise Oversight said that home prices fell 3.1 percent in the first quarter compared with last year.
http://media.cnbc.com/i/CNBC/Section...me_sales10.jpg

AP



The index also fell 1.7 percent from the fourth quarter of 2007 to the first quarter of 2008, the largest quarterly price drop on record.

http://www.cnbc.com/id/24774352
  • #83,629
  • May 22, 2008 11:40am May 22, 2008 11:40am
Quoting lilmoe
this is very risky

i'm short again at 206, sl 206.50
i think ricky biz now
good luck alll
  • #83,630
  • May 22, 2008 11:42am May 22, 2008 11:42am
This sucker just does not want to come down!!!
  • #83,631
  • May 22, 2008 11:43am May 22, 2008 11:43am
Quoting arezab
Using Fibonacci Channels which is a great tool, I believe there is a high probability that we will see 209 area again before any down.

Here is a chart ..
agree.. i see the same tomorrow
  • #83,632
  • May 22, 2008 11:43am May 22, 2008 11:43am
I left my open position yesterday on [email protected] SL 203.90
Now i come from my work to see this............. wow
What, why, how!!! i don'ttttttttt believe it
  • #83,633
  • May 22, 2008 11:43am May 22, 2008 11:43am
Quoting lilmoe
this is very risky

i'm short again at 206, sl 206.50
No PAIN no GAIN
  • #83,634
  • May 22, 2008 11:51am May 22, 2008 11:51am
205 breach is a significant event to break from the medium downtrend and develop into an uptrend.


Peak oil supports cable while stronger USD supports usd/jpy.


if u wanna be a billionaire, buy every dip.
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,635
  • May 22, 2008 11:57am May 22, 2008 11:57am
Buy now, laugh later
Sell now, cry later.
Patience + Humility + Study = Success
  • #83,636
  • May 22, 2008 12:07pm May 22, 2008 12:07pm
Quoting Piters
No PAIN no GAIN

no guts no glory
  • #83,637
  • May 22, 2008 12:08pm May 22, 2008 12:08pm
Are we seeing lower high? ..
Vinesh .. get out your hammer now ..
  • #83,638
  • May 22, 2008 12:08pm May 22, 2008 12:08pm
Quoting DutchTrader
Buy now, laugh later
Sell now, cry later.
  • #83,639
  • May 22, 2008 12:14pm May 22, 2008 12:14pm
Quoting lilmoe
this is very risky

i'm short again at 206, sl 206.50

me too but i am aiming 25 pips only lol
  • #83,640
  • May 22, 2008 12:15pm May 22, 2008 12:15pm
Quoting lilmoe
no guts no glory

no loss no forex.
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
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