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

  • #105,661
  • Aug 5, 2008 4:27pm Aug 5, 2008 4:27pm
Quoting Vfforexlee
I believe we are in a bearish flag for GBPJPY.
As long as 210.30/40 holds expect GJ to head back up to the top of the triangle wedge to at least 213 area. . . Price is clearly OS on all TF's below Daily. . .

A good buy entry would have been at 210.50/60 area. . .

NAKED 4HR CHART
Attached Image (click to enlarge)
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  • #105,662
  • Aug 5, 2008 4:28pm Aug 5, 2008 4:28pm
Quoting Vfforexlee
The best way to see whether it is bulls or bears at this time is looking at QQE 1hr.
Not for me buddy, i just use macd/stochs for spotting possible divergences, and the rest is pure TA.
  • #105,663
  • Aug 5, 2008 4:58pm Aug 5, 2008 4:58pm
Quoting Scrat
look at this picture. it shows a hidden bullish divergence on h4, which as you know it is a continuation pattern.
so unless we see the daily trend line broken, we must assume the trend is intact and buy dips.
I Totally agree.
The market can stay irrational, longer than you can stay solvent.
  • #105,664
  • Aug 5, 2008 6:23pm Aug 5, 2008 6:23pm
cant wait for NZD/USD to close above 4h gann

Attached Image (click to enlarge)
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  • #105,665
  • Aug 5, 2008 6:43pm Aug 5, 2008 6:43pm
Nationwide Consumer Confidence -> 51
Regards TomWo
  • #105,666
  • Aug 5, 2008 6:55pm Aug 5, 2008 6:55pm
Quoting lilmoe
cant wait for NZD/USD to close above 4h gann

Attachment
i'm watching that pair too. also, nzd/jpy is sitting 63 pips away from the lows after the fall in august, and it double bottomed past two days. probably both good pairs to buy atm. maybe it will get back down to 78 again
  • #105,667
  • Aug 5, 2008 6:59pm Aug 5, 2008 6:59pm
Quoting tomwo
Nationwide Consumer Confidence -> 51
slightly dovish statements by the FOMC pushed the UJ up
Increased downside risks to growth pushed the Dow to post a record gain.

Tomorrow's headlines:

Citigroup files for Chapter 11 Bankruptcy
Vikram Pandit says firm's financial position is sound
Bernanke's offers full support and reassures investors that they are working with Citigroup to help them move past this 'temporary' period of difficulty.
Citigroup shares soars to record highs surpassing Berkshire Hathaway as the most expensive stock as the Plunge protection team takes over.
  • #105,668
  • Aug 5, 2008 7:13pm Aug 5, 2008 7:13pm
boom. rally during tokyo... yeepiiiii!
Nihil Sine Deo.
  • #105,669
  • Aug 5, 2008 7:44pm Aug 5, 2008 7:44pm
i think we should just keep it simple and trade what u see.

what i think is the area between BLUE and RED line is the shorting area which is between 213.20 up to 214.50 i think

just short over there and wait for the Bearish Divergence to play out and break the daily up TL
Attached Image(s) (click to enlarge)
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  • #105,670
  • Aug 5, 2008 8:01pm Aug 5, 2008 8:01pm
Quoting Scrat
boom. rally during tokyo... yeepiiiii!
Updated 4hr chart - it was clear 4hr ago and it's clear now. . .

Nice trading bro. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4 gj.gif Size: 27 KB
  • #105,671
  • Aug 5, 2008 8:02pm Aug 5, 2008 8:02pm
Quoting msniper
i think we should just keep it simple and trade what u see.

what i think is the area between BLUE and RED line is the shorting area which is between 213.20 up to 214.50 i think

just short over there and wait for the Bearish Divergence to play out and break the daily up TL
That's as simple as it comes bro. . . Unless GJ breaks 215 again then. . .
  • #105,672
  • Aug 5, 2008 8:12pm Aug 5, 2008 8:12pm
Long off 211.50 , so far target 01 reached , moved stop to break even next target 212.5
Blogging daily now at www.volume.zone
  • #105,673
  • Aug 5, 2008 8:17pm Aug 5, 2008 8:17pm
Quoting quecee5
Updated 4hr chart - it was clear 4hr ago and it's clear now. . .

Nice trading bro. . .
Looking forward to that 213. I didn't take the long trade because I felt that I was too late and now I looked at it and I could have easily gotten 50 pips. Oh well, I'm looking for that 50% retracement and see if I can take it. 5sma has to be at least 50 pips away from price.
  • #105,674
  • Aug 5, 2008 8:21pm Aug 5, 2008 8:21pm
UJ is at 108.5, what do u think??
  • #105,675
  • Aug 5, 2008 8:33pm Aug 5, 2008 8:33pm
Quoting Clouds
UJ is at 108.5, what do u think??
Hey clouds, Uj is at the upper boundary of the ending diagonal, good chance that we're going south? What do you think?
  • #105,676
  • Aug 5, 2008 8:41pm Aug 5, 2008 8:41pm
Quoting mirdaniel
Hey clouds, Uj is at the upper boundary of the ending diagonal, good chance that we're going south? What do you think?
i dont know. i think ill wait for a break out
  • #105,677
  • Aug 5, 2008 9:24pm Aug 5, 2008 9:24pm
212.00 is a tough resistance to break. If we can get through that, I'm adding in my long until 213 area.
  • #105,678
  • Aug 5, 2008 9:26pm Aug 5, 2008 9:26pm
today is a buy day for geppy and yen, expect selling to support levels where it will be bought for x3 intrest tomorrow
"Millionaires don't use astrology, billionaires do"
  • #105,679
  • Aug 5, 2008 9:34pm Aug 5, 2008 9:34pm
Good morning Everyone

1hr 100sma reatracement is due.
This could go all the way upto break the Last Month High's. But it's too early to say.
Attached Image (click to enlarge)
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  • #105,680
  • Aug 5, 2008 9:36pm Aug 5, 2008 9:36pm
Quoting auslanco
Good morning Everyone

1hr 100sma reatracement is due.
This could go all the way upto break the Last Month High's. But it's too early to stay.

what u think about the bearish divergence on daily chart ?
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