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

  • #116,941
  • Sep 24, 2008 4:18am Sep 24, 2008 4:18am
No driver for her as usd/jpy already completed its yesterdays adr and also i see support @ 106. Cable is still undecided, lurking around support @ 1.8565, as price is beying held by dayly descending LTL. A clear break of TL and adr and im long on cable. Lets wait and see who will driver geppy today. TWT
  • #116,942
  • Sep 24, 2008 5:38am Sep 24, 2008 5:38am
This is one strange breakout .. usually she shoots up like a rocket. I've been playing it both ways on the 5 min where there is also a series of lower lows in RSI
  • #116,943
  • Sep 24, 2008 5:41am Sep 24, 2008 5:41am
Quoting TraderStar
This is one strange breakout .. usually she shoots up like a rocket. I've been playing it both ways on the 5 min where there is also a series of lower lows in RSI
A breakout that requires a bit of patience
Trade what you see, not what you think.
  • #116,944
  • Sep 24, 2008 5:45am Sep 24, 2008 5:45am
Quoting karmostaji
A breakout that requires a bit of patience
man you should give me some of those patience pills you use!
I recommend you read something else as this sentence is now concluded.
  • #116,945
  • Sep 24, 2008 5:46am Sep 24, 2008 5:46am
we are approaching the end of the first move up from 184.48, which i expect to be around 199.15/200. then we will see a correction towards at least 192 area... and after that my guess is up again to upper 203.
Nihil Sine Deo.
  • #116,946
  • Sep 24, 2008 5:54am Sep 24, 2008 5:54am
Quoting TraderStar
Just checking fib retracements on daily .. at the 61.8 retracement there is the Weekly pivot and the Monthly S1 all around 192.70. So I would think a retracement down there then perhaps a sprint upwards to the 200+ targets others are seeing.

(I've been wrong before...)
Looks like you & I are seeing the same thing scrat .. I'm just not sure about the 199 at this point...
  • #116,947
  • Sep 24, 2008 6:02am Sep 24, 2008 6:02am
Quoting Scrat
we are approaching the end of the first move up from 184.48, which i expect to be around 199.15/200. then we will see a correction towards at least 192 area... and after that my guess is up again to upper 203.
i'm thinking that the daily pattern we have right now suggests tops (i mean the way daily candles look like).

199.78 is very strong S/R. i'm not sure if we'll go above 200. but either way, the higher we go up, the more i'll be picking on tops; i'm short at today's top and my sl is 40 pips.
  • #116,948
  • Sep 24, 2008 6:15am Sep 24, 2008 6:15am
Longs should be careful with Bernanke testimony if congress continues to differ from paulson bail out program shorts can come in play big time ..
  • #116,949
  • Sep 24, 2008 6:15am Sep 24, 2008 6:15am
if 196.60 is taken, then yes, i think we can say we have a top for now. if not, it'll go higher.
Nihil Sine Deo.
  • #116,950
  • Sep 24, 2008 6:22am Sep 24, 2008 6:22am
Quoting Scrat
if 196.60 is taken, then yes, i think we can say we have a top for now. if not, it'll go higher.
yep, we're still selling rallies, only on a larger TF.
  • #116,951
  • Sep 24, 2008 6:26am Sep 24, 2008 6:26am
Quoting TraderStar
Looks like you & I are seeing the same thing scrat .. I'm just not sure about the 199 at this point...
i share your fear. im long from 196.50 but I just dont like the price movement at all. it might be the last attempt to clear 197 before a drop lower.... MACD divergence on 4 H
Market can stay irrational longer than you can stay solvent.
  • #116,952
  • Sep 24, 2008 6:26am Sep 24, 2008 6:26am
Quoting lilmoe
yep, we're still selling rallies, only on a larger TF.
That's what it looks like to me .. the daily R1 held so far .. but I just don't see conviction for a 200 pip move upwards...
  • #116,953
  • Sep 24, 2008 6:31am Sep 24, 2008 6:31am
On the weekly there is still a bullish engulfing pattern at an extreme, clearly a bullish reversal pattern, I dont think shorting long term would be a good idea.
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  • #116,954
  • Sep 24, 2008 6:31am Sep 24, 2008 6:31am
Quote
HIGHLY LIKELY' THAT BAILOUT PLAN WILL BE PASSED

if is confirm, maybe be will spike...
''Art is making something out of nothing and selling it'' Frank Zappa
  • #116,955
  • Sep 24, 2008 6:33am Sep 24, 2008 6:33am
i´m in at 196.87 long!
''Art is making something out of nothing and selling it'' Frank Zappa
  • #116,956
  • Sep 24, 2008 6:37am Sep 24, 2008 6:37am
soon Buffet on CNN might shoot it up for a while before Paulson dampens the mood.
  • #116,957
  • Sep 24, 2008 6:39am Sep 24, 2008 6:39am
Price has closed back above 4h gann hilo, I expect price to reach the Daily 50ema (198.60) atleast before a reversal to the downside, IMO.
Trade what you see, not what you think.
  • #116,958
  • Sep 24, 2008 6:43am Sep 24, 2008 6:43am
On IBFX price never closed below the 4hr GANN...

I know Karmo uses VT; anyone using a different MT4 broker other than IBFX see a 4hr candle below the 4hr GANN recently?
  • #116,959
  • Sep 24, 2008 6:46am Sep 24, 2008 6:46am
Quoting karmostaji
Price has closed back above 4h gann hilo, I expect price to reach the Daily 50ema (198.60) atleast before a reversal to the downside, IMO.
not impossible at all.... since we have a massive bearish HD on the dailies, 50ema is a good short, at least for a VERY good bounce, if not a reversal.
  • #116,960
  • Sep 24, 2008 6:49am Sep 24, 2008 6:49am
Quoting TraderStar
That's what it looks like to me .. the daily R1 held so far .. but I just don't see conviction for a 200 pip move upwards...
im sure u mean daily r2 right?
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