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

  • #101,081
  • Jul 15, 2008 9:11am Jul 15, 2008 9:11am
Quoting PipChick
I dont trade the harmonic patterns but I keep them on a separate chart just to alert me of a possible reversal. Like most indicators, they are 50% correct..lol
try to confirm them with "confirmed" divergence
  • #101,082
  • Jul 15, 2008 9:16am Jul 15, 2008 9:16am
lilmoe
forming a very strong hammer (h4)
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  • #101,083
  • Jul 15, 2008 9:17am Jul 15, 2008 9:17am
Quoting toyboy tramp
We've got bullish pin bars across multiple pairs pointing back into the traffic. Interesting. False break out lilmoe?
aren't u one lucky guy, lol, gbp/chf has bounced 100 pips so far to my 4h 5sma, bullish divergence on CCI. ur trade my turn out to be well again

yes i do think this is a fake breakout, but be careful i was wrong just last night
  • #101,084
  • Jul 15, 2008 9:19am Jul 15, 2008 9:19am
Quoting lilmoe
i don't see price closing below the kumo on my chart, i'm not sure if u have other settings??

be careful!!!! there's a very strong Bullish Divergence on UJ. UJ might SHOOT up, this is not a joke. that in addition to 127.2 fib hit, back to 78.6-61.8 will play out shortly. all i need is a close above 105 on 4h for confirmation. if 106 is taken out, guess what, this market is purely a BULL market!


GJ is going up, trust me. if not the hell!!! loool
i'll say this once more, first breakout from congestion zone is FAKE!
i will hold on to my longs, and this time, i really think i got a very good entry.

I'll be waiting for a 1 HR close over 210.35 to confirm a "head fake".
"Timing Is Everything. Really I Swear It Is"
  • #101,085
  • Jul 15, 2008 9:19am Jul 15, 2008 9:19am
Quoting hussin naiji
lilmoe
forming a very strong hammer (h4)
yea, if it plays out, we might go to hawaii sooner than u think!
  • #101,086
  • Jul 15, 2008 9:23am Jul 15, 2008 9:23am
I think, we need to watch DOW to predict G/Y next move. Currently, I see a very nice doji on 4 hours chart. If the next 4 candle, not the current one, also shows bullish pattern then we might see some good retracement during Asia and London sessions. Also, tommorow is triple intrested day so i do think that G/Y may visit to 211-212 area during NY session before it starts to fall again.
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  • #101,087
  • Jul 15, 2008 9:25am Jul 15, 2008 9:25am
Quoting lilmoe
yea, if it plays out, we might go to hawaii sooner than u think!
  • #101,088
  • Jul 15, 2008 9:26am Jul 15, 2008 9:26am
have you read what i posted yesterday?
take a look at weekly chart. and then show me where in the past you can find 2 consecutive dojis in the middle of an uptrend; you can start with january 78, that's when my weekly chart begins...

Quoting lilmoe
GJ is going up, trust me. if not the hell!!! loool
i'll say this once more, first breakout from congestion zone is FAKE!
i will hold on to my longs, and this time, i really think i got a very good entry.
Nihil Sine Deo.
  • #101,089
  • Jul 15, 2008 9:29am Jul 15, 2008 9:29am
Quoting TexasforEX
I'll be waiting for a 1 HR close over 210.35 to confirm a "head fake".
i was thinking a close above 210.20 (former super support) but 15 pips more is even better. u are right, we do need a firm closing above this level to confirm further upside.
  • #101,090
  • Jul 15, 2008 9:29am Jul 15, 2008 9:29am
Quoting lilmoe
aren't u one lucky guy, lol, gbp/chf has bounced 100 pips so far to my 4h 5sma, bullish divergence on CCI. ur trade my turn out to be well again

yes i do think this is a fake breakout, but be careful i was wrong just last night
Luck? Me?! Definitely back in play thank funk. A trip up to the 4hr 150 EMA would rock, daily's oversold, bullish div, and that pin in S/R confluence, let's see how it plays.

Its not right and wrong in this business, its reading the market, assessing the possibilities and re-reading the market and re-assessing, constantly, and as the market turns on a nickel so does your outlook, go with the flow, and you do, very well I might add.
Money & Pain Respect the market, protect your capital, be patient
  • #101,091
  • Jul 15, 2008 9:36am Jul 15, 2008 9:36am
yep, there are retraces starting, UJ good entry point for next short
is near 105.8

I use standard settings 9,26,52 on daily.

But i stop talking uj here, its not the right thread.

sorry but, $ is doomed, this will fall hard, and make new lower lows.
IMHO


Quoting lilmoe
i don't see price closing below the kumo on my chart, i'm not sure if u have other settings??

be careful!!!! there's a very strong Bullish Divergence on UJ. UJ might SHOOT up, this is not a joke. that in addition to 127.2 fib hit, back to 78.6-61.8 will play out shortly. all i need is a close above 105 on 4h for confirmation. if 106 is taken out, guess what, this market is purely a BULL market!


GJ is going up, trust me. if not the hell!!! loool
i'll say this once more, first breakout from congestion zone is FAKE!
i will hold on to my longs, and this time, i really think i got a very good entry.
  • #101,092
  • Jul 15, 2008 9:37am Jul 15, 2008 9:37am
Quoting Scrat
alright. here's what i think.
we have 2 dojis on weekly followed by another small body candle, all three sitting right at the level of a stubborn resistance. we also have a huge bearish divergence on the weekly chart. this says, no wait, it actually screams that we MUST see another drop, sooner or later... but we're talking about the weekly chart, and this could take a LOT to mature.
now for who wants to go long and target significantly above 214, i suggest you take a look at the naked weekly chart from the very beginning (i believe it's january 1978) and try to find 2 dojis in the middle of an uptrend. i couldn't find any.
ok, let's go lower to daily: regular bearish divergence. not confirmed, though. price is testing the supporting trend line.
i won't even bother looking at h4 chart until we see price either above 212.50 or below 210.20. what we have now is a terrible range. i really don't get how can any of you say that it has chances to break to the upside or downside... based on h4? come on!
my point is: bearish bias, but based on higher timeframes. everybody is waiting for a drop, so i have a hunch that big boys will push this range further into the very beginning of august. and then it will drop, but not before a nice fat stop loss hunt.
that's it. set your alarms, keep your stop loss tight and don't chicken out.
Pucker
Money & Pain Respect the market, protect your capital, be patient
  • #101,093
  • Jul 15, 2008 9:40am Jul 15, 2008 9:40am
i don't know what that means .

Quoting toyboy tramp
Pucker
Nihil Sine Deo.
  • #101,094
  • Jul 15, 2008 9:40am Jul 15, 2008 9:40am
Quoting Scrat
have you read what i posted yesterday?
take a look at weekly chart. and then show me where in the past you can find 2 consecutive dojis in the middle of an uptrend; you can start with january 78, that's when my weekly chart begins...
ok scrat, you're probably right. but there are other facts,

1) we did have a congestion zone, fake breakouts are very common.
2) lots of indicators are showing extreme oversold levels
3) do u have an idea how tough 209 is?? look at your dailies
4) i didn't post my crapper yet

i think my long from 208.94 isn't a big risk, in fact i think it's a very good low risk trade with 108+ pips so far.
  • #101,095
  • Jul 15, 2008 9:42am Jul 15, 2008 9:42am
Quoting toyboy tramp
Pucker
  • #101,096
  • Jul 15, 2008 9:43am Jul 15, 2008 9:43am
Quoting Scrat
i don't know what that means .
means awesome analysis

Ever heard of brit chef Jamie Oliver,'This balsamic is pucker!'
Money & Pain Respect the market, protect your capital, be patient
  • #101,097
  • Jul 15, 2008 9:46am Jul 15, 2008 9:46am
Quoting hussin naiji
lilmoe
time is nice for short AUDUSD or must wait
dear lilmoe
maybe i might go to hawaii sooner
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  • #101,098
  • Jul 15, 2008 9:48am Jul 15, 2008 9:48am
shorted @ 210.20 for a ride upto 208
  • #101,099
  • Jul 15, 2008 9:50am Jul 15, 2008 9:50am
Quoting hussin naiji
dear lilmoe
maybe i might go to hawaii sooner
Oh, we are almost @ parity:

Oh NO... another interest RATES.. next month
  • #101,100
  • Jul 15, 2008 9:51am Jul 15, 2008 9:51am
Quoting hussin naiji
dear lilmoe
maybe i might go to hawaii sooner
nice trade
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