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

  • #109,061
  • Aug 28, 2008 4:23am Aug 28, 2008 4:23am
now look at this one...!!any comment..
Attached Image (click to enlarge)
Click to Enlarge Name: break1.gif Size: 19 KB
  • #109,062
  • Aug 28, 2008 4:34am Aug 28, 2008 4:34am
since we are talking about a possible retracement, i thought this should be a good moment to look back at what happened during last drop.
this is the daily chart for 241.35 - 192.52 move. obviously an impulse. look carefully at the corrections (white arrows areas): they look weak, and the best thing to do was wait for their end and enter again in the direction of main trend. the purple dotted line is 5sma weekly; just add more shorts when daily candle closes below it...
most probably this is how our corrections would look now. i am not saying they won't exist, it's just that there is a big chance they won't be :explosive:
it's not wise to pick a bottom, just keep your shorts on () and ride the main trend.
oh, and something else: assume the main trend is intact until proven otherwise. in other words, for this situation: until daily trend will reverse, it is wise to sell all rallies on h4.
keep it simple.
Attached Image (click to enlarge)
Click to Enlarge Name: gjd.gif Size: 26 KB
Nihil Sine Deo.
  • #109,063
  • Aug 28, 2008 4:37am Aug 28, 2008 4:37am
nice time for short GJ
  • #109,064
  • Aug 28, 2008 4:40am Aug 28, 2008 4:40am
Quoting hussin naiji
nice time for short GJ
a bit exhausted already by reason 215.87
but can break support 200
Attached Image
  • #109,065
  • Aug 28, 2008 4:42am Aug 28, 2008 4:42am
Quoting Dr.Geppynius
i have no idea. until now it looks bearish without retracing much...but we know the boys which play the geppy, they can change it from one second to the other.

we have reduced vol so i am preparing for a storm to come up hopefully downwards...

just another sign of weakness!! last 5m high vol up bar which even wasn't able to close above any of the 4 prior bars which had lower vol than itself. so in this up bar there definitely was much selling taking place. on of the next bars has to be bearish to show that this vol contained much selling and we still have the same situation.


What do u see to Posting #109057,
any deduction !
What goes up comes down, so always make Forex better than u met it.
  • #109,066
  • Aug 28, 2008 4:43am Aug 28, 2008 4:43am
i feel comfort with my short if we break the 50% fibo level..

and maybe will add more short if we go to upper channel around 201..

here is my longer term view..

http://img147.imageshack.us/img147/885/h4600x331ck4.jpg

http://img528.imageshack.us/img528/2...600x331gu4.jpg
  • #109,067
  • Aug 28, 2008 4:45am Aug 28, 2008 4:45am
yep! no demand above 200.50
  • #109,068
  • Aug 28, 2008 4:50am Aug 28, 2008 4:50am
Quoting mustaji
What do u see to Posting #109057,
any deduction !
agreeing to what he said. (?)

even a weak market can rise a little as we see.
  • #109,069
  • Aug 28, 2008 4:50am Aug 28, 2008 4:50am
Quoting Dr.Geppynius
karmo, had nearly the same situation with eurusd before the current drop and was tempted to join the wrong side...long and was a short.


but end of the day will tell more
can you post a chart please?
Trade what you see, not what you think.
  • #109,070
  • Aug 28, 2008 4:59am Aug 28, 2008 4:59am
Quoting karmostaji
can you post a chart please?
switch to eu daily. was the third time EU hit the low and broke.
i have to admit, the situation was initiated by a double top in eu not exactly like gj. mad memory.
  • #109,071
  • Aug 28, 2008 5:03am Aug 28, 2008 5:03am
Quoting Dr.Geppynius
switch to eu daily. was the third time EU hit the low and broke.
i have to admit, the situation was initiated by a double top in eu not exactly like gj. mad memory.
so it's not the same situation

I trade technical, I see a good support, I'll take my chances

already 30+
Trade what you see, not what you think.
  • #109,072
  • Aug 28, 2008 5:05am Aug 28, 2008 5:05am
Quoting Scrat
since we are talking about a possible retracement, i thought this should be a good moment to look back at what happened during last drop.
this is the daily chart for 241.35 - 192.52 move. obviously an impulse. look carefully at the corrections (white arrows areas): they look weak, and the best thing to do was wait for their end and enter again in the direction of main trend. the purple dotted line is 5sma weekly; just add more shorts when daily candle closes below it...
most probably this is how our corrections would look now. i am not saying they won't exist, it's just that there is a big chance they won't be :explosive:
it's not wise to pick a bottom, just keep your shorts on () and ride the main trend.
oh, and something else: assume the main trend is intact until proven otherwise. in other words, for this situation: until daily trend will reverse, it is wise to sell all rallies on h4.
keep it simple.

welcome back scrat...
  • #109,073
  • Aug 28, 2008 5:07am Aug 28, 2008 5:07am
Quoting karmostaji
so it's not the same situation

I trade technical, I see a good support, I'll take my chances

already 30+
so do i

and i am afraid on longing a weak geppy.
but your long would have been a nice bouncetrade.
happy pipping

199.70 and ill put some more underwear and bermudas on ^
  • #109,074
  • Aug 28, 2008 5:08am Aug 28, 2008 5:08am
round 2 should start in a bit

no bullish divergence on 1h and smaller TFs so far...
  • #109,075
  • Aug 28, 2008 5:12am Aug 28, 2008 5:12am
Quoting lilmoe
round 2 should start in a bit

no bullish divergence on 1h and smaller TFs so far...
but weakness in the background, no demand in the middle and new weakness
coming up on 5m problem is congestion price support 200.20-200
i hate th current situation...
  • #109,076
  • Aug 28, 2008 5:12am Aug 28, 2008 5:12am
Quoting lilmoe
round 2 should start in a bit

no bullish divergence on 1h and smaller TFs so far...
1hr QQE5 was crossed up..it means:
"price cann't go lower than 199.50 before us news release".....IMOhttp://qsmile.com/qsimages/73.gif
  • #109,077
  • Aug 28, 2008 5:13am Aug 28, 2008 5:13am
thanks

Quoting lilmoe
welcome back scrat...
Nihil Sine Deo.
  • #109,078
  • Aug 28, 2008 5:21am Aug 28, 2008 5:21am
UJ is almost ripe, almost
Patience + Humility + Study = Success
  • #109,079
  • Aug 28, 2008 5:21am Aug 28, 2008 5:21am
Quoting shahroodi
1hr QQE5 was crossed up..it means:
"price cann't go lower than 199.50 before us news release".....IMOhttp://qsmile.com/qsimages/73.gif
it did the same thing each day for the past 8 working days and price kept on making new lows...

careful
  • #109,080
  • Aug 28, 2008 5:23am Aug 28, 2008 5:23am
Quoting DutchTrader
UJ is almost ripe, almost
it's getting there, i took profit at 3 hours ago, and now shorted 1h gann.

let's see how this bitch's going to treat me today.
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