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

i see 211 or maybe bit more down, but stopping there looks kind a likely, i don't think we could see 200 or so..

some say that gj is going down???? anybody????

hi karmo ,

can you please tell what is qqe ?

thanks .

any way this is what i see from 1h chart , price trapped between 2 ma...

RSI ANALYSIS

ok, now i think i have things straight with cable's long term analysis.
do u guys remember the congestion zone we had on GJ that lasted 2 weeks?? well guess what, we have the same crap on cable's monthly candle. some called it the "fight of the pinbars", but i would call it a congestion zone (out of the book).

i have 2 scenarios in mind that i would like to share, but both scenarios are telling me we need to visit 1.90xx area before this sucker decides where it wants to go, and here's why:

the monthly (long term) trend on cable is clearly bullish. we're currently in a correction faze, or wave 4 like piters mentioned. a fake breakout is VERY possible down to the above mentioned area. and from there, BUYING is the best idea. HOWEVER, i will watch CCI 30's 0 line for a bounce, if that level is cleared on a monthly level then that means a change of trend and a possible movement down to 1.8-1.79 area as i predicted 2 months ago. i cant help to think that we have a complex head/shoulder pattern on the weeklies, but since i said that, it won't happen

if we get a nice angle bounce from cci's 0 line then the trend is clearing going back to is track (bullish). i truly believe we're going to that area; the congestion zone is GOOD proof. there is, however, a slight chance for this going below the 0 line and STILL going back up, check out GJ's daily chart right after the fake breakout it made to 208 area before making a 750 pip rally.

cable should RALLY in a VERY fast pace if bullishness is confirmed. i mean we won't be getting any significant weekly/monthly retracement before november's high is reached, i'm talking a 1800 pip 2-3 month rally (by the end of this year or early next year.

dollar is strengthening yes, but only for a correction. same for oil and DJ. i'm expecting oil going down to 90-100 levels before resuming it's journey to 170$+ a barrel by summer of next year.

the ultimate destination for cable's long term bullish move should be around 2.29xx - 2.3 (confluence of historical 88.6 retracement and FE 100) which should be at the end of the year 2011. and that's when the dollar should start getting back on it's feet, and the end of wave 5 for cable's monthly chart.

back to shorter term. yes i think it's going to 1.90xx, weekly chart is indicating a bearish harmonic pattern. and those usually end at a 127.2 - 161.8 fib.

monthly and weekly charts:

as for GJ, the first scenario i mentioned is having 2 ranging periods with 2 fake breakouts. i won't be trading the breakout downwards, as for i believe it would be fake, i'll start picking bottoms as soon as that breakout starts. and yes, breakout SHOULD be downwards at first. so i think it's a good idea to keep your shorts (whoever is short, but not me). a basic application of the "second time through" concept.

this breakout will end with another RALLY that might go above 217 considering the magnitude of the rally that ended the first fake breakout at 208.

question is, when will that fake bear end? who knows, but here are condidates.

212.50
211.60
210.40

i'll try to pick on those bottoms once we get there

Thanks for chart.
I was new not long time ago but i wasn't saying what is this what ithat.Do you see what thread you are in?Do you see at the bottom of the page title simular threads?

Read man.People explained everything in detail.Why are you lazy.

Maybe i should be quiet because Barak will annwer now at this thread will become....

Everybody wants without some reaserch work.

Or maybe i am mad because Gj is doing nothing?

mornin' pips...we still bored out of our minds...

oh..baby...

limoe
good 2 ones

thanks, let's just hope it works.

Breakout is on the way, sit tight and enjoy the ride with me when it starts

If it breaks out down, I would shoot for 211.50 ish, but ya never know with this thing, but I like your call.

but for today, do you see new lows on gu?
actually my long was stopped

Lilmoe nice

this is what im seen will play out soon............C leg around 50% or 61.8% fibo (213.21/212.82) and then target D is about 127.2% of X-A leg around 216.95.So thats y since yesterday im just short this geppy till 50% fibo....

trust me 216.95 is on the way.....meet u there soon!!!

I like when I'm on the same page as Karmo.

http://www.forexfactory.com/showpost...postcount=4237

OK how many of you went short G/J below 213.55???

cable still looks like it's going down as long as we're below DP

G/j and U/j is breaking down so we might see nice (and easy) pips. E/U might be on big move when data ADP Nonfarm Employment Change will come. It can be nice kick for this pair.

daily s3 is at 212.30, i'm going long from there with a tight SL.