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

  • #108,461
  • Aug 25, 2008 3:12am Aug 25, 2008 3:12am
Diamond formation on USDJPY 4hr. Posted elsewhere so im not flooding the board and including only the link to the screenshot. Click here. Anyone into patterns leave comments. Cheers
  • #108,462
  • Aug 25, 2008 5:03am Aug 25, 2008 5:03am
G/U growing so quickly???
  • #108,463
  • Aug 25, 2008 5:08am Aug 25, 2008 5:08am
So Arezab, what do you make of gbp/usd, back into the channel, or just knocking at the door to be cussed out and run off?
  • #108,464
  • Aug 25, 2008 5:21am Aug 25, 2008 5:21am
Quoting GodfreyH
So Arezab, what do you make of gbp/usd, back into the channel, or just knocking at the door to be cussed out and run off?
  • #108,465
  • Aug 25, 2008 5:29am Aug 25, 2008 5:29am
Eur/usd is right at the 1hr RSI trendline, may well reject and bounce from the 50 level. Don't know yet though.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 40 KB
  • #108,466
  • Aug 25, 2008 5:32am Aug 25, 2008 5:32am
Quoting GodfreyH
So Arezab, what do you make of gbp/usd, back into the channel, or just knocking at the door to be cussed out and run off?
I'm not sure yet. My system shows 1.8400 area should be the bottom for GU for a while. I'm not saying that this support is not breakable. On the contrary I think we should see 1.8300 or lower this week or next.

But first of all I believe it is highly unusual not to see a retrace of at least 23.6 or 38.2 after about 1720 pips fall for a pair like GU.

Second, with that clear bullish divergence on RSI and also the morning star candle stick pattern (both on H4) I think GU is headed north for now.

I'm waiting for my indicators like RSI and Gann HiLo to show me the way.
RSI 14 has not touched 50 line on H1 yet and I'm waiting for that to see how it reacts to 50 line.

There is still room for price to rise up to H4 Gann HiLo (1.8600). I expect a rejection at 1.8600 (H4 Gann) down to 1.8440 - 50 (H1 Gann) and then up again for a good 23.6 or 38.2 retrace (23.6 = 1.8820, 38.2 = 1.9075).

This is my view about GU but I might be totally wrong. Let's see how it plays out.
Discipline + Patience - Fear - Greed = Success
  • #108,467
  • Aug 25, 2008 5:40am Aug 25, 2008 5:40am
My point of view on GJ at the moment.

Last week I see resistance for GJ around 204.40 ~204.70. After 12h market open, what I can see resistance for GJ today around 203.30 ~ 203.60. looks like GJ drop stages by stages.
  • #108,468
  • Aug 25, 2008 5:49am Aug 25, 2008 5:49am
Quoting arezab
I'm not sure yet. My system shows 1.8400 area should be the bottom for GU for a while. I'm not saying that this support is not breakable. On the contrary I think we should see 1.8300 or lower this week or next.

But first of all I believe it is highly unusual not to see a retrace of at least 23.6 or 38.2 after about 1720 pips fall for a pair like GU.

Second, with that clear bullish divergence on RSI and also the morning star candle stick pattern (both on H4) I think GU is headed north for now.

I'm waiting for my indicators like RSI and Gann HiLo to show me the way.
RSI 14 has not touched 50 line on H1 yet and I'm waiting for that to see how it reacts to 50 line.

There is still room for price to rise up to H4 Gann HiLo (1.8600). I expect a rejection at 1.8600 (H4 Gann) down to 1.8440 - 50 (H1 Gann) and then up again for a good 23.6 or 38.2 retrace (23.6 = 1.8820, 38.2 = 1.9075).

This is my view about GU but I might be totally wrong. Let's see how it plays out.
Thanks
  • #108,469
  • Aug 25, 2008 5:50am Aug 25, 2008 5:50am
Forgot to say Hi to all...

Hi all my traders friends, Lilmoe, sniper, blekas and all great traders.
  • #108,470
  • Aug 25, 2008 5:53am Aug 25, 2008 5:53am
Quoting PandoraBox
Forgot to say Hi to all...

Hi all my traders friends, Lilmoe, sniper, blekas and all great traders.
  • #108,471
  • Aug 25, 2008 5:55am Aug 25, 2008 5:55am
Quoting PandoraBox
Forgot to say Hi to all...

Hi all my traders friends, Lilmoe, sniper, blekas and all great traders.
hello there PandoraBox ;-)
  • #108,472
  • Aug 25, 2008 5:57am Aug 25, 2008 5:57am
Anyone who trades Oil should have made around 600 points on the bounce from the dayly ltl. Easy money
  • #108,473
  • Aug 25, 2008 6:02am Aug 25, 2008 6:02am
Hi lilmoe,
what is your analysis on USDJPY?
I have used some Denmark analysis and I have 109.70 as the bootm and then it should gp up at least to 110.86
  • #108,474
  • Aug 25, 2008 6:03am Aug 25, 2008 6:03am
203.50 is a good S/R level to watch

If we get a 4H candle close above 50ema, I'll turn bullish.. until then sideways/bearish
Trade what you see, not what you think.
  • #108,475
  • Aug 25, 2008 6:19am Aug 25, 2008 6:19am
  • #108,476
  • Aug 25, 2008 6:27am Aug 25, 2008 6:27am
Quoting karmostaji
203.50 is a good S/R level to watch

If we get a 4H candle close above 50ema, I'll turn bullish.. until then sideways/bearish
Dear,
please how you can put 50ema on chart??
  • #108,477
  • Aug 25, 2008 6:29am Aug 25, 2008 6:29am
Quoting marcb
Hi lilmoe,
what is your analysis on USDJPY?
I have used some Denmark analysis and I have 109.70 as the bootm and then it should gp up at least to 110.86

i'm not sure now, 110.25 seems strong, so does 108.15. i'd trade a breakout of either 2...
  • #108,478
  • Aug 25, 2008 6:38am Aug 25, 2008 6:38am
so slow i start hating that market
any way i m long in eu gu gc
short in ej uj gj
what r u doing?
  • #108,479
  • Aug 25, 2008 6:40am Aug 25, 2008 6:40am
Quoting khaled22
Dear,
please how you can put 50ema on chart??
on MT4

INSERT
INDICATORS
MOVING AVERAGE

MA method = EXPONENTIAL
50 on 4 hr chart
  • #108,480
  • Aug 25, 2008 6:42am Aug 25, 2008 6:42am
Quoting lilmoe
i'm not sure now, 110.25 seems strong, so does 108.15. i'd trade a breakout of either 2...
Actually on my weekly chart the target is 116.8
I am taking the risk with 109.7 stop loss
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