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

  • #84,401
  • May 26, 2008 4:26pm May 26, 2008 4:26pm
Quoting lilmoe
"major" bullish???

are u saying u absolutely see NO bearish divergence on GU's 4h charts?
Depends how you look at it. Short-term, the GJ lows are getting higher. Also GU is likely out of it's temporary bearish cycle, which may have an affect. Another thing, whether it's going up or down in the coming weeks, usually Wednesday and Tuesday are not the best days to short, as Triple interest on Wednesday.
  • #84,402
  • May 26, 2008 4:27pm May 26, 2008 4:27pm
Quoting toyboy tramp
I'm long to 251

  • #84,403
  • May 26, 2008 4:28pm May 26, 2008 4:28pm
Quoting lilmoe
let that be ur first target
my first target ??!! lol .. it will go down more that 203 ??
oh my god .. thats great man ... elak el 7alawan
  • #84,404
  • May 26, 2008 4:28pm May 26, 2008 4:28pm
Quoting lilmoe
"major" bullish???

are u saying u absolutely see NO bearish divergence on GU's 4h charts?
I know I do
  • #84,405
  • May 26, 2008 4:30pm May 26, 2008 4:30pm
Quoting Clouds
UJ can be minor bearish, while GJ is bullish, as long as GU is major bullish.
GU has a double top with bearish div on 4hour / 60 min on both MACD and RSI

Break 1.9750 i have target 1.9620 to start

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 132 KB
Blogging daily now at www.volume.zone
  • #84,406
  • May 26, 2008 4:32pm May 26, 2008 4:32pm
And this is why its a zero sum game, one click makes winners and losers instantly when the next play of order flow comes to bat. One thing is for certain and always has been corrections drop FAST and FURIOUS because of support issues, noone is doing it LOL
"Millionaires don't use astrology, billionaires do"
  • #84,407
  • May 26, 2008 4:34pm May 26, 2008 4:34pm
Quoting malcolmb14
GU has a double top with bearish div on 4hour / 60 min on both MACD and RSI

Break 1.9750 i have target 1.9620 to start

Attachment
That would be nice, I'm short right now. However my numbers are a little different. If it breaks 1.9783, I except a drop to 1.97 at least, or 1.965
  • #84,408
  • May 26, 2008 4:35pm May 26, 2008 4:35pm
Quoting Clouds
Depends how you look at it. Short-term, the GJ lows are getting higher. Also GU is likely out of it's temporary bearish cycle, which may have an affect. Another thing, whether it's going up or down in the coming weeks, usually Wednesday and Tuesday are not the best days to short, as Triple interest on Wednesday.
OK what would you rather have ....

short for 500 pips .. or triple interest on Wednesday ???

A note for all the YM dropped 60 points ofs it VWAP ( Volume-Weighted Average Price) going into close on Friday. It closed only a few points of its low. This is very bearish . Also it closed under 12500. I see more to come this week. Earnings season was holding the markets up ... this is now finished and the markets are at the mercy of the economic reports. Put it this way DJ-30 dropped 4.5% in one week last week .... GJ got a whole load of catch up to do.

Blogging daily now at www.volume.zone
  • #84,409
  • May 26, 2008 4:37pm May 26, 2008 4:37pm
Quoting malcolmb14
OK what would you rather have ....

short for 500 pips .. or triple interest on Wednesday ???

A note for all the YM dropped 60 points ofs it VWAP ( Volume-Weighted Average Price) going into close on Friday. It closed only a few points of its low. This is very bearish . Also it closed under 12500. I see more to come this week. Earnings season was holding the markets up ... this is now finished and the markets are at the mercy of the economic reports. Put it this way DJ-30 dropped 4.5% in one week last week .... GJ got a whole load of catch up to do.

It's not what I would rather have. It's what the investment banks, ect, weekly schedule is.
  • #84,410
  • May 26, 2008 4:41pm May 26, 2008 4:41pm
Quoting Clouds
That would be nice, I'm short right now. However my numbers are a little different. If it breaks 1.9783, I except a drop to 1.97 at least, or 1.965

i'm long at 1.9802 for my pivot bounce
  • #84,411
  • May 26, 2008 4:42pm May 26, 2008 4:42pm
Quoting Clouds
It's not what I would rather have. It's what the investment banks, ect, weekly schedule is.
to much credit is given to triple interest Wednesday... just trade what the charts tell you.

Last Wednesday there was not a whole bunch of buying till the Euro session( after triple interest)
Blogging daily now at www.volume.zone
  • #84,412
  • May 26, 2008 4:43pm May 26, 2008 4:43pm
Quoting lilmoe
i'm long at 1.9802 for my pivot bounce
25pips first target and 50 pips 2nd, 3rd open till i see resistance
  • #84,413
  • May 26, 2008 4:44pm May 26, 2008 4:44pm
Quoting malcolmb14
to much credit is given to triple interest Wednesday... just trade what the charts tell you.

Last Wednesday there was not a whole bunch of buying till the Euro session( after triple interest)
If the banks and investment banks both close on Wednesday at 5, maybe they wait until Thursday morning to take their profit?
  • #84,414
  • Edited 5:40pm May 26, 2008 5:20pm | Edited 5:40pm
[quote=lilmoe;2020513]i get the joke, lol, but i read your post a couple of times and still can't get to understand what it is u need my help in?{quote} I'm sorry but thanks a lot Lilmoe but Orion clarified for me it was just to make sure I knew how to get the pivot points and Orion and shakes help me on that but thanks any ways good trading.
The Chonchy
  • #84,415
  • May 26, 2008 5:45pm May 26, 2008 5:45pm
Quoting lilmoe
i get the joke, lol, but i read your post a couple of times and still can't get to understand what it is u need my help in? sorry.
DON'T WORRY i GOT IT ORION AND SHAKES HELP ME ON THAT THANKS A LOT, HAPPY TRADING GOOD LUCK
The Chonchy
  • #84,416
  • May 26, 2008 5:49pm May 26, 2008 5:49pm
LONG "eye-candy". (well, in my eyes maybe)

For those new to multiple MA's, the White Line is 156 MA, other coloured lines are various value MA's. Notice price reaction when exiting a conjestion area (like the one we are in now) in relationship to the 156 MA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp jpy 15min.gif Size: 33 KB
Click to Enlarge Name: gbp jpy 4hr.gif Size: 29 KB
Click to Enlarge Name: gbp jpy weekly.gif Size: 32 KB
  • #84,417
  • May 26, 2008 5:56pm May 26, 2008 5:56pm
Quoting shakesfx
LONG "eye-candy". (well, in my eyes maybe)

For those new to multiple MA's, the White Line is 156 MA, other coloured lines are various value MA's. Notice price reaction when exiting a conjestion area (like the one we are in now) in relationship to the 156 MA.
It surely looks beautiful, would it also look beautiful to your account?
  • #84,418
  • May 26, 2008 6:04pm May 26, 2008 6:04pm
cable supports

9929 area next level up to finish and retrace 50% of the 3 last swings less the first one off the bottom
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1.gif Size: 86 KB
"Millionaires don't use astrology, billionaires do"
  • #84,419
  • May 26, 2008 6:05pm May 26, 2008 6:05pm
Quoting mktjong
It surely looks beautiful, would it also look beautiful to your account?
Oh Yes. Especially when this pair breaks out this or next week.
  • #84,420
  • May 26, 2008 6:07pm May 26, 2008 6:07pm
i went long with GJ @ 204.79 and i will buy more if it go down more .. target 200 to 300 pips up.

no stop lose until i feel some huge threat.

i am expecting to see my target before the end of this week hopfully.
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