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

  • #101,281
  • Jul 16, 2008 6:30am Jul 16, 2008 6:30am
but check out h1 chart. regular bullish divergence. so... possible bounce up from here (or from a little bit lower, 207.80 area). this move is running out of steam for now.
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #101,282
  • Jul 16, 2008 6:32am Jul 16, 2008 6:32am
Quoting arezab
good job my friend

me still collecting pips on several pairs ... will report later.
  • #101,283
  • Jul 16, 2008 6:33am Jul 16, 2008 6:33am
but will not consider entering long for a bounce until this stubborn trend line on 5min chart is broken.
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Nihil Sine Deo.
  • #101,284
  • Jul 16, 2008 6:43am Jul 16, 2008 6:43am
I bet people are getting sick and tired of trying to make interest off pairs. EJ has not been able to break 170 for a year. It's only a matter of time before everyone gives up, and sells all carry trades. Including /USD pairs. Maybe a big fall for EU, GU, NU, AU, EJ, GJ, NJ, AJ. All of them!
  • #101,285
  • Jul 16, 2008 6:45am Jul 16, 2008 6:45am
Quoting karmostaji
Weekly gann hilo is @ 207
Yours may be but mine is 206.50
  • #101,286
  • Jul 16, 2008 6:57am Jul 16, 2008 6:57am
Quoting lilmoe
i like the one for GJ, but, we might and i say we MIGHT get to 205.50.
this is a fib setup after a bounce from 127.2, ultimate target is 161.8 at 219, if we reach 78.6 then that would be a REALLY good buy.

Attachment
here's another chart i've been posting. added CCI 30 to it (i'm liking CCI 30, it's pretty neet)

currently at FE 78.6 (a level i've made all of u sick of lol)
CCI is HIGHLY oversold on the daily. more than it was at the 192 level. price currently trading below monthly pivot, and monthly S1 is close to FE 61.8 and fibonacci retracement level 78.6 in my quoted post. the carry trade is not unwinding. this is simply a retracement, although a bit large, it's still a retracement. this retracement may bet to 61.8 (199.87-213.90) but it can also be satisfied with 50% at 206.81.

we have lots of candidates here:
1) 207.7x - 208
2) 207.2x
3) 206.8x
4) 205.5x


let's see which one of those will serve as the bottom of this retracement.

Attached Image (click to enlarge)
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  • #101,287
  • Jul 16, 2008 6:58am Jul 16, 2008 6:58am
Quoting karmostaji
I will go long once we get a 15m auslanco signal

4H and 1H QQE are looking exhausted a bit

Daily QQE already touched the 50 line, IMO it's not in the favor of bulls because price has come down only 500 pips and QQE already touched 50 line.
There was a perfect auslanco 15 minute signal for this downtrend at 3am GMT. When price crosses up above DP I'll be looking for long signals again.

I'm not quite sure what you mean with the Daily QQE Karmo. When the QQE crosses the 50 on its way down that means that there's still a nice long chunk of trend to go, which would indeed not favour bulls. Why does that signal a potential to look for longs? I can understand it from the exhausted 1H and 4H QQEs but daily Q surely shows a bit of power yet?

Thanks
  • #101,288
  • Jul 16, 2008 7:04am Jul 16, 2008 7:04am
Quoting TiaForex
There was a perfect auslanco 15 minute signal for this downtrend at 3am GMT. When price crosses up above DP I'll be looking for long signals again.

I'm not quite sure what you mean with the Daily QQE Karmo. When the QQE crosses the 50 on its way down that means that there's still a nice long chunk of trend to go, which would indeed not favour bulls. Why does that signal a potential to look for longs? I can understand it from the exhausted 1H and 4H QQEs but daily Q surely shows a bit of power yet?

Thanks
you are right but look at it from a higher TF view, daily QQE was exhausted and price consolidated while QQE got itself out of overbought and touched 50 line, if the daily QQE crosses back up then it will be much stronger than last time and it will definitely pass 213 area.

On the other hand if we get a weekly close below weekly gann hilo then we will definitely test the lows again.
Trade what you see, not what you think.
  • #101,289
  • Jul 16, 2008 7:11am Jul 16, 2008 7:11am
If price closes today above 209.70, we'll have a nice pin-bar

Daily 50ema is also at 209.70, as well the daily TL
Trade what you see, not what you think.
  • #101,290
  • Jul 16, 2008 7:15am Jul 16, 2008 7:15am
DJ shot up and took GJ with it....

damn, i thought we'll see 207.7x before this bounce. if this goes to 209.24 i'll short from there again.
  • #101,291
  • Jul 16, 2008 7:19am Jul 16, 2008 7:19am
ur TL was broken scrat, are u long?
  • #101,292
  • Jul 16, 2008 7:22am Jul 16, 2008 7:22am
yeap. there is another trend line @ 209.35 area; it might go back down to 207.80, or it may break it. i would go with the bounce back down... but let's see.

Quoting lilmoe
ur TL was broken scrat, are u long?
Nihil Sine Deo.
  • #101,293
  • Jul 16, 2008 7:23am Jul 16, 2008 7:23am
12:06 EUR/USD: Wells Fargo Boost For US Stock Futures & USD London, July 16. The Wells Fargo results have boosted the outlook for US stocks and this has in turn elevated the Dollar. However, the EUR/USD foray into the 1.58"s will ultimately only serve up better levels to buy so expect the drop to be short- lived unless support into 1.5867, the pullback low from yesterday, and then 1.5850 can be removed. [email protected] /PS
  • #101,294
  • Jul 16, 2008 7:23am Jul 16, 2008 7:23am
Quoting Clouds
I bet people are getting sick and tired of trying to make interest off pairs. EJ has not been able to break 170 for a year. It's only a matter of time before everyone gives up, and sells all carry trades. Including /USD pairs. Maybe a big fall for EU, GU, NU, AU, EJ, GJ, NJ, AJ. All of them!
there's a potential h/s formation on euro's 4h chart with a target of 1.56x area
  • #101,295
  • Jul 16, 2008 7:35am Jul 16, 2008 7:35am
Quoting Scrat
yeap. there is another trend line @ 209.35 area; it might go back down to 207.80, or it may break it. i would go with the bounce back down... but let's see.
target?
  • #101,296
  • Jul 16, 2008 8:52am Jul 16, 2008 8:52am
Forex Factory was DOWN ?
  • #101,297
  • Jul 16, 2008 8:55am Jul 16, 2008 8:55am
yes but im long now FF, SL 5 minutes
  • #101,298
  • Jul 16, 2008 8:57am Jul 16, 2008 8:57am
i'm not sure yet. 209.60, 210, 210.50... we'll see. i plan to add more longs from 207.80...

Quoting lilmoe
target?
Nihil Sine Deo.
  • #101,299
  • Jul 16, 2008 8:57am Jul 16, 2008 8:57am
Quoting lilmoe
there's a potential h/s formation on euro's 4h chart with a target of 1.56x area
No. It's time for a reversal to 1.44.
  • #101,300
  • Jul 16, 2008 8:58am Jul 16, 2008 8:58am
Oil is falling
Gold is falling
DOW is surging

It seems to be in the favor of the bulls.. we also had good USD news
Trade what you see, not what you think.
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