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

  • #92,741
  • Jun 12, 2008 8:08am Jun 12, 2008 8:08am
I rode the aud/usd, eur/usd/ and gbp/usd most of the week, because the longer term charts told us it was coming. Expect profit taking at some point.

Still more downside on aud/usd to .9290 is possible, as well as a double bottom on eur/usd.
  • #92,742
  • Jun 12, 2008 8:12am Jun 12, 2008 8:12am
i exited my short eur/usd at this white trendline. A patient trader will wait for a set up in his favor. Patience is not holding a losing position, hoping it will turn around. It is standing aside until you get a signal.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd daily.gif Size: 25 KB
  • #92,743
  • Jun 12, 2008 8:12am Jun 12, 2008 8:12am
Quoting iksh
WOOHOO !!

Neckline broken on the H&S GOLD.

Now to see how the test of that break goes. I have a feeling next stop for gold is 800.

GO GOLD GO !!!!!!!!
h&s are reversalsignals. there´s no h&s bearish reversal as far as i can see. i would be very very carefull about short gold right now
  • #92,744
  • Jun 12, 2008 8:14am Jun 12, 2008 8:14am
Quoting ovaforty
Some big money is buying every dip in the Geppy. They are building a base to push it up to their sell levels.

are you buying the dips aswell?
  • #92,745
  • Jun 12, 2008 8:14am Jun 12, 2008 8:14am
Quoting ovaforty
It dont matter. just do what they do. If they are buying dips, then do the same. Do like the big boys do. I did buy the last dip before triple swap yesterday and exited with a small profit and swap.
They are running out of money soon ..hehee
  • #92,746
  • Jun 12, 2008 8:15am Jun 12, 2008 8:15am
Quoting VEC
h&s are reversalsignals. there´s no h&s bearish reversal as far as i can see. i would be very very carefull about short gold right now
Hope u saw the gold shoot down once that neckline was broken. now waiting for retest of the test line.
  • #92,747
  • Jun 12, 2008 8:15am Jun 12, 2008 8:15am
Quoting Infinity
Good work
Long again bro @1.5405
  • #92,748
  • Jun 12, 2008 8:18am Jun 12, 2008 8:18am
Quoting iksh
Hope u saw the gold shoot down once that neckline was broken. now waiting for retest of the test line.
perhaps, i just dont see the H&S.
  • #92,749
  • Jun 12, 2008 8:18am Jun 12, 2008 8:18am
i guess we're stuck with this stupid range.....
  • #92,750
  • Jun 12, 2008 8:20am Jun 12, 2008 8:20am
g / j going down? what u guys say?
  • #92,751
  • Jun 12, 2008 8:21am Jun 12, 2008 8:21am
Quoting ovaforty
Some big money is buying every dip in the Geppy. They are building a base to push it up to their sell levels.
Or it could be the opposite, they are trying to make the top
I just can't think the Geppy can go any higher than this week high after today's news ..I must be insane if I see it ..
  • #92,752
  • Jun 12, 2008 8:23am Jun 12, 2008 8:23am
BREAKING NEWS: Troubled Lehman Brothers ousts chief financial and operating officers
  • #92,753
  • Jun 12, 2008 8:24am Jun 12, 2008 8:24am
Quoting VEC
are you buying the dips aswell?
Yes I am buying dips on geppy. i collected the triple swap yesterday. Then exited with a small profit and the swap at 210.13.


Look at this weekly chart for Geppy. She has breached the green 250 sma and is trading above the weekly 5 sma high. Moms are bullish. Upside target is the red 200 sma at 213.50 area.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy weekly.gif Size: 21 KB
  • #92,754
  • Jun 12, 2008 8:27am Jun 12, 2008 8:27am
Quoting mktjong
Or it could be the opposite, they are trying to make the top
I just can't think the Geppy can go any higher than this week high after today's news ..I must be insane if I see it ..
What we think does not matter. What do see on your charts? The buyers are bigger than sellers for now. That is why she is inching upwards. She would be falling if the opposite were true.
  • #92,755
  • Jun 12, 2008 8:27am Jun 12, 2008 8:27am
Quoting ovaforty
Yes I am buying dips on geppy. i collected the triple swap yesterday. Then exited with a small profit and the swap at 210.13.


Look at this weekly chart for Geppy. She has breached the green 250 sma and is trading above the weekly 5 sma high. Moms are bullish. Upside target is the red 200 sma at 213.50 area.

okok. i see
  • #92,756
  • Jun 12, 2008 8:30am Jun 12, 2008 8:30am
Quoting ovaforty
What we think does not matter. What do see on your charts? The buyers are bigger than sellers for now. That is why she is inching upwards. She would be falling if the opposite were true.
Ok, I see. But .. everytime it tries to push higher but gets push back down again .. there is also another force is in working ..
  • #92,757
  • Jun 12, 2008 8:34am Jun 12, 2008 8:34am
208, 207 , 206 ?? where should i tp ?

205.5 could be in my sight
  • #92,758
  • Jun 12, 2008 8:34am Jun 12, 2008 8:34am
Quoting mktjong
Ok, I see. But .. everytime it tries to push higher but gets push back down again .. there is also another force is in working ..
A tight range means a break out is coming. The charts tell us the breakout up will be a head fake, then probably a good drop from 213.
  • #92,759
  • Jun 12, 2008 8:36am Jun 12, 2008 8:36am
euro got to 5390 makes me think the usd buying has come to an end for now, im long eur/usd and short usd/jpy, until further notice
  • #92,760
  • Jun 12, 2008 8:37am Jun 12, 2008 8:37am
it looks to me like the triangle is broken to the downside

whats your take on how i have drawn those blue lines?
Attached Image (click to enlarge)
Click to Enlarge Name: gepp2.jpg Size: 265 KB
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