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

  • #106,381
  • Aug 10, 2008 5:12pm Aug 10, 2008 5:12pm
Quoting auslanco
Good morning :

Bullish Weekly Momentum. We may see a reversal

209.15 will be a good area to enter Longs,
Aus, I respect your system, my question is just asking your opinion. How strongly do you think of us having a reversal since the daily trendline has been broken? Yes I favor a short, but when you think the opposite, I will allow my position to be questioned a bit
  • #106,382
  • Aug 10, 2008 5:14pm Aug 10, 2008 5:14pm
Quoting Donadoney
Aus, I respect your system, my question is just asking your opinion. How strongly do you think of us having a reversal since the daily trendline has been broken? Yes I favor a short, but when you think the opposite, I will allow my position to be questioned a bit
We are on the bottom of a descending trendline. That is proof that price will reverse and 4hr momentum will be pointing up in the next hour.
  • #106,383
  • Aug 10, 2008 5:29pm Aug 10, 2008 5:29pm
Quoting auslanco
Good morning :

Bullish Weekly Momentum. We may see a reversal

209.15 will be a good area to enter Longs,
Hi..
GJ still not yet touch 209.15, but has touched 209.69 and its look like reverse now.

so wait until touch 209.15 and then we go long right ?

thx
  • #106,384
  • Aug 10, 2008 5:32pm Aug 10, 2008 5:32pm
Quoting auslanco
Good morning :

Bullish Weekly Momentum. We may see a reversal

209.15 will be a good area to enter Longs,
mornin Aus...

mornin everyone....

I'm still short and will cover my shorts if we get any reversal...however my TP still remains 204 for Aug....baby
  • #106,385
  • Aug 10, 2008 5:34pm Aug 10, 2008 5:34pm
Quoting Donadoney
Aus, I respect your system, my question is just asking your opinion. How strongly do you think of us having a reversal since the daily trendline has been broken? Yes I favor a short, but when you think the opposite, I will allow my position to be questioned a bit
You are correct . The daily trendline is broken.
IMO that will only confirm the large bearish reversal in the coming weeks or months. But as you may aware, Gj could bounce off to new Highs even after the trend lines are broken to the downside.
  • #106,386
  • Aug 10, 2008 5:39pm Aug 10, 2008 5:39pm
Quoting auslanco
You are correct . The daily trendline is broken.
IMO that will only confirm the large bearish reversal in the coming weeks or months. But as you may aware, Gj could bounce off to new Highs even after the trend lines are broken to the downside.
Thanks for the reply bro, I understand your position better!!! G'luck
  • #106,387
  • Aug 10, 2008 5:40pm Aug 10, 2008 5:40pm
Quoting airwind
Hi..
GJ still not yet touch 209.15, but has touched 209.69 and its look like reverse now.

so wait until touch 209.15 and then we go long right ?

thx
Airwind,

It may or may not reach 209.15. Use that level as a guidence ( best entry area).
As your grandma always says, once you confirm the trade and target levels enter smaller positions at different levels and exit at different levels
  • #106,388
  • Aug 10, 2008 5:48pm Aug 10, 2008 5:48pm
Quoting auslanco
Airwind,

It may or may not reach 209.15. Use that level as a guidence ( best entry area).
As your grandma always says, once you confirm the trade and target levels enter smaller positions at different levels and exit at different levels
Hey how do you know my grandma?
  • #106,389
  • Aug 10, 2008 5:48pm Aug 10, 2008 5:48pm
Quoting Big Bruv
mornin Aus...

mornin everyone....

I'm still short and will cover my shorts if we get any reversal...however my TP still remains 204 for Aug....baby
wow...your tp is 204.... cool man....
  • #106,390
  • Aug 10, 2008 5:49pm Aug 10, 2008 5:49pm
Quoting Eulogy
Hey how do you know my grandma?
  • #106,391
  • Aug 10, 2008 5:52pm Aug 10, 2008 5:52pm
forming a hammer H4
  • #106,392
  • Aug 10, 2008 5:53pm Aug 10, 2008 5:53pm
Quoting Big Bruv
mornin Aus...

mornin everyone....

I'm still short and will cover my shorts if we get any reversal...however my TP still remains 204 for Aug....baby
Hello everyone.

I see the big uptrend channel broken in daily, and seems to me that is not a fake.

Although I believe in a long term uptrend due to fundamentals concerning that High interested currencies go up no matter what, the problem is that with this uptrend breakout today I am very concerned about the major uptrend continuation for this beast.

IMO the technical anomaly occurred all 2007 (super head and shoulders pattern) should be corrected in order to get a VLT (Very Long Term) Uptrend Channel like before 2007.

So, we should get inside the channel again, I recall SHOULD!

The scary part is that I am not seeing any plausible signs of uptrend continuation for the long run, in other words, the market just does what he wants!

Anyone here with a long term opinion over this? Liome, Aus?


Were are we going to end up.
The market can stay irrational, longer than you can stay solvent.
  • #106,393
  • Aug 10, 2008 5:55pm Aug 10, 2008 5:55pm
it IS confusing, because i have NO bias at the moment.
now since everyone was expecting this breakout like a breath of air, i expect big guys would stage a fake one first... just to kill some innocent bears. and then we'll have the real breakout.

[quote=Donadoney;2157778]
Quoting Patrick.

Call??? Sounds confusing, how exactly would you CALL his position?
Nihil Sine Deo.
  • #106,394
  • Aug 10, 2008 5:56pm Aug 10, 2008 5:56pm
Its more obvious in the eur/jpy than the gbp/jpy, but to the extent that they generally move in the same direction, I don't see gbp/jpy going down.

Look at the bottom long term trendline and where price reversed. If eur/jpy breaks the RSI bottom trend line then down we go. A break of the upper trend line will support a upmove.
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  • #106,395
  • Aug 10, 2008 5:59pm Aug 10, 2008 5:59pm
My swing trade
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  • #106,396
  • Aug 10, 2008 6:00pm Aug 10, 2008 6:00pm
Aus, what is your view on UJ?
  • #106,397
  • Aug 10, 2008 6:00pm Aug 10, 2008 6:00pm
Quoting GodfreyH
Its more obvious in the eur/jpy than the gbp/jpy, but to the extent that they generally move in the same direction, I don't see gbp/jpy going down.

Look at the bottom long term trendline and where price reversed. If eur/jpy breaks the RSI bottom trend line then down we go. A break of the upper trend line will support a upmove.
hi Godfrey
we will see below 162.xx in the next days
attention NIKKEI 225 is flying .and this reason hard for bear camp
  • #106,398
  • Aug 10, 2008 6:02pm Aug 10, 2008 6:02pm
[quote=Scrat;2157832]it IS confusing, because i have NO bias at the moment.
now since everyone was expecting this breakout like a breath of air, i expect big guys would stage a fake one first... just to kill some innocent bears. and then we'll have the real breakout.

Wait,

Before this gets out of hand, I was talking to the guy who said you made a call, and like you've just reiterated, you didn't make any.
  • #106,399
  • Aug 10, 2008 6:09pm Aug 10, 2008 6:09pm
to be completed a piercing line + half-open confirmation H1
  • #106,400
  • Aug 10, 2008 6:13pm Aug 10, 2008 6:13pm
new weekly and daily candles and momentoms


p.s : price bounced form weekly gann (GJ)
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