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

  • #118,421
  • Oct 1, 2008 4:51am Oct 1, 2008 4:51am
Quoting TraderStar
There's a big H&S on the GU 4 hour and an inverse one on the UJ 4 hour and 1 hour.
Thats the problem, if they break out we will not have any price action!
The market can stay irrational, longer than you can stay solvent.
  • #118,422
  • Oct 1, 2008 4:53am Oct 1, 2008 4:53am
Quoting Macedonia
Check out this beutiful pattern on the gbp/usd 4hour chart. what should hapen next?


stairway to heaven or stairway to hell. depends which way you look at it.

The daily 10c and 14c momentums are pointed down (not on this chart) and I also see a step formation and an inability of the 4hr to close above the 200 fib expansion. A close above would alter my outlook, but otherwise, a drop to the 261.8 fib extension or trendline / monthly support is possible

Also of note. Using candlestick analysis, it is possible that today's candlestick will retrace an amount approximately equal to the lower shadow of the previous candlestick, so this would take a retrace to approximately to the daily pivot. We'll see how it plays out.
Attached Image(s) (click to enlarge)
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  • #118,423
  • Oct 1, 2008 5:04am Oct 1, 2008 5:04am
Quoting GodfreyH
The daily 10c and 14c momentums are pointed down (not on this chart) and I also see a step formation and an inability of the 4hr to close above the 200 fib expansion. A close above would alter my outlook, but otherwise, a drop to the 261.8 fib extension or trendline / monthly support is possible

Also of note. Using candlestick analysis, it is possible that today's candlestick will retrace an amount approximately equal to the lower shadow of the previous candlestick, so this would take a retrace to approximately to the daily pivot. We'll see how it plays out.
Hi godfrey, this thing just retraced to the 5sma high and retreated. did not enter again because of this expected news and dont want to over trade. already have a short. but until it croses the 5sma high its a bear for me. But lets see what hapens
Attached Image (click to enlarge)
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  • #118,424
  • Oct 1, 2008 5:50am Oct 1, 2008 5:50am
Price remains to struggle to get above 4h gann hilo but 4h QQE crossed upwards since yesterday (indication of bearish continuation), waiting for 1h QQE to cross downwards to confirm the down movement.
Trade what you see, not what you think.
  • #118,425
  • Oct 1, 2008 6:27am Oct 1, 2008 6:27am
Waiting...

http://www.hickerphoto.com/data/medi...life_29110.jpg
Trade what you see, not what you think.
  • #118,426
  • Oct 1, 2008 6:28am Oct 1, 2008 6:28am
bear flag on 1hr chart but 4hr still calling for upside pressure. May see a spike up then back down to 188.20/30 and perhaps below. . .
  • #118,427
  • Oct 1, 2008 6:28am Oct 1, 2008 6:28am
Quoting karmostaji
Waiting...

http://www.hickerphoto.com/data/medi...life_29110.jpg
  • #118,428
  • Oct 1, 2008 6:54am Oct 1, 2008 6:54am
Bullish divergence on 4hr RSI and MACD crossover comming in a few.
  • #118,429
  • Oct 1, 2008 6:58am Oct 1, 2008 6:58am
i am flat at the moment, and watching for both sides opportunities.
and i agree with you, main bias is extremely bearish. but... if only it was that simple...

Quoting karmostaji
Ok by reading the posts, it seems most of you guys are long and suggesting targets way up, good luck

I remain short and this beast should tank hard, just my opinion
Nihil Sine Deo.
  • #118,430
  • Oct 1, 2008 7:08am Oct 1, 2008 7:08am
Quoting Scrat
i am flat at the moment, and watching for both sides opportunities.
and i agree with you, main bias is extremely bearish. but... if only it was that simple...
yeh does not seem to be that simple. people are seeing a lot of signs But my view is to risky to trust indicators at the moment. Reason is no one is certain if this dam bill will pass and news later on can uncross or cross any indicator that is showing us now. i think new york sesion will be wild. i for one dont follow fundumentles but on this ocasion i will have to respect.
  • #118,431
  • Oct 1, 2008 7:10am Oct 1, 2008 7:10am
Quoting Macedonia
dobar den goran i dobro vecer piters
Hi bro,
  • #118,432
  • Oct 1, 2008 7:12am Oct 1, 2008 7:12am
Quoting Macedonia
dobar den goran i dobro vecer piters
Dobar den i dobra vecer and HI to all the GBPJPY traders on this thread.
  • #118,433
  • Oct 1, 2008 7:26am Oct 1, 2008 7:26am
Attached Image (click to enlarge)
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Attached Image
It’s just emotions & money
  • #118,434
  • Oct 1, 2008 7:30am Oct 1, 2008 7:30am
Karmo is very hungry...
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #118,435
  • Oct 1, 2008 7:34am Oct 1, 2008 7:34am
The fishes are big & fat.
It’s just emotions & money
  • #118,436
  • Oct 1, 2008 7:40am Oct 1, 2008 7:40am
Quoting karmostaji
Karmo is very hungry...
Yes, let's unlock all the bears including the ones in the zoo ..
  • #118,437
  • Oct 1, 2008 7:44am Oct 1, 2008 7:44am
Quoting mktjong
Yes, let's unlock all the bears including the ones in the zoo ..
sure, here they are.. my FF bear friends
Attached Image (click to enlarge)
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Trade what you see, not what you think.
  • #118,438
  • Oct 1, 2008 7:46am Oct 1, 2008 7:46am
Quoting karmostaji
Karmo is very hungry...
Patience.. my friend..

How about close bellow 4H gann ?
  • #118,439
  • Oct 1, 2008 7:48am Oct 1, 2008 7:48am
Quoting karmostaji
sure, here they are.. my FF bear friends
Looks like TRADING FLOOR
  • #118,440
  • Oct 1, 2008 7:54am Oct 1, 2008 7:54am
Quoting Piters
Patience.. my friend..

How about close bellow 4H gann ?
Price is below 4h gann on my IBFX and VT charts
Trade what you see, not what you think.
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