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

  • #97,241
  • Jun 26, 2008 10:39am Jun 26, 2008 10:39am
I'm having a blast as I'm buying the dips. Booked a nice short but am out and concentrating on longs only
  • #97,242
  • Jun 26, 2008 10:48am Jun 26, 2008 10:48am
no, it's not. i think 211.65, and we'll see from there.
this h4 candle will close in 9 minutes below gann hilo, which means a bearish bias. the next support should be daily gann hilo, which on my chart is at 211 area as i write.
as for the current dip, we might see a retracement/sideways move, and then another push down. i am not reloading longs until i see a regular bullish divergence on h1/m30.

Quoting Clouds
I think that's end of the drop!
Nihil Sine Deo.
  • #97,243
  • Jun 26, 2008 10:49am Jun 26, 2008 10:49am
Apologies in advance for the post but I just thought some people might like it. There is a nice pin bar forming on the daily chart of CHF/JPY, if the day closes like this then there is a very good chance we will able to pocket some green pips from it. G'luck everyone!
  • #97,244
  • Jun 26, 2008 10:54am Jun 26, 2008 10:54am
Quoting Scrat
please don't laugh at me.
Now, why would anyone do such a thing?

  • #97,245
  • Jun 26, 2008 10:55am Jun 26, 2008 10:55am
covered 945 pips on yen based trades
currently short euro and cable
9867, 9831
5734 5715

lookin to reload yen based trades once again
"Millionaires don't use astrology, billionaires do"
  • #97,246
  • Jun 26, 2008 10:56am Jun 26, 2008 10:56am
Quoting Scrat
no, it's not. i think 211.65, and we'll see from there.
this h4 candle will close in 9 minutes below gann hilo, which means a bearish bias. the next support should be daily gann hilo, which on my chart is at 211 area as i write.
as for the current dip, we might see a retracement/sideways move, and then another push down. i am not reloading longs until i see a regular bullish divergence on h1/m30.
its currently respecting the TL, unless it breaks it
  • #97,247
  • Jun 26, 2008 11:02am Jun 26, 2008 11:02am
my h4 TL has already been broken.

Quoting Clouds
its currently respecting the TL, unless it breaks it
Nihil Sine Deo.
  • #97,248
  • Edited 11:06am Jun 26, 2008 11:04am | Edited 11:06am
This is now fear selling. Not just dollar weakness.
Vix is at 23.57 and rising.

Clouds is correct if we break this T/L and close below daily gann down she goes .....
I would be careful of any longs.

Of course I could be wrong but looking like past patterns to me. One big wedge that is getting ready to break out to the downside.
Attached Image
  • #97,249
  • Jun 26, 2008 11:04am Jun 26, 2008 11:04am
Quoting Scrat
my h4 TL has already been broken.
not mine.
  • #97,250
  • Jun 26, 2008 11:05am Jun 26, 2008 11:05am
Quoting Scrat
no, it's not. i think 211.65, and we'll see from there.
this h4 candle will close in 9 minutes below gann hilo, which means a bearish bias. the next support should be daily gann hilo, which on my chart is at 211 area as i write.
as for the current dip, we might see a retracement/sideways move, and then another push down. i am not reloading longs until i see a regular bullish divergence on h1/m30.
If it breaks 211.90 area then 210.8 should be on... but I see lots of support in the 211.90 area...
Patience + Discipline - Greed = Success
  • #97,251
  • Jun 26, 2008 11:06am Jun 26, 2008 11:06am
Quoting Scrat
i think we're going to 211.65 and then, if broken, 209.20. and please don't laugh at me, Q.


Just kidding bro, anything is possible. . .
  • #97,252
  • Jun 26, 2008 11:08am Jun 26, 2008 11:08am
Wedge is about to break.
Attached Image (click to enlarge)
Click to Enlarge Name: gydaily.gif Size: 29 KB
  • #97,253
  • Jun 26, 2008 11:11am Jun 26, 2008 11:11am
4 hour chart a nice bounce off the brown 55 sma and the yellow 38 fib.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy 4 hour 3.gif Size: 30 KB
  • #97,254
  • Jun 26, 2008 11:12am Jun 26, 2008 11:12am
The chart speaks a thousand words.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
  • #97,255
  • Jun 26, 2008 11:13am Jun 26, 2008 11:13am
Quoting ukvipersden
nasty, very nasty: volume is massive also: why on earth people said march lows would not be taken out i have no idea. This is sinking
Capitulation: Don't see it - YET
  • #97,256
  • Jun 26, 2008 11:15am Jun 26, 2008 11:15am
Quoting ukvipersden
Capitulation: Don't see it - YET
capitulation = buying at bargain prices opportunites....
  • #97,257
  • Jun 26, 2008 11:15am Jun 26, 2008 11:15am
now why did you do that... i told you not to laugh at me! i'm shy...

Quoting quecee5


Just kidding bro, anything is possible. . .
Nihil Sine Deo.
  • #97,258
  • Jun 26, 2008 11:17am Jun 26, 2008 11:17am
Originally Posted by ukvipersden http://www.forexfactory.com/images/buttons/viewpost.gif
Capitulation: Don't see it - YET

Quoting ovaforty
capitulation = buying at bargain prices opportunites....
must be the dictionary definition
  • #97,259
  • Jun 26, 2008 11:21am Jun 26, 2008 11:21am
Quoting ukvipersden
Originally Posted by ukvipersden http://www.forexfactory.com/images/buttons/viewpost.gif
Capitulation: Don't see it - YET



must be the dictionary definition

A military term. Capitulation refers to surrendering or giving up.

In the stock market, capitulation is associated with "giving up" any previous gains in stock price as
investors sell equities in an effort to get out of the market and into less risky investments.
True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.

Investopedia Says... After capitulation selling, it is thought that there are great bargains to be had.
The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to
margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words,
some investors believe that true capitulation is the sign of a bottom.


lol
  • #97,260
  • Jun 26, 2008 11:23am Jun 26, 2008 11:23am
Quoting Evilgoat
A military term. Capitulation refers to surrendering or giving up.

In the stock market, capitulation is associated with "giving up" any previous gains in stock price as
investors sell equities in an effort to get out of the market and into less risky investments.
True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.

Investopedia Says... After capitulation selling, it is thought that there are great bargains to be had.
The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to
margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words,
some investors believe that true capitulation is the sign of a bottom.


lol
OK, I'm buying the Dow as I write this
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