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

  • #119,601
  • Oct 6, 2008 11:58pm Oct 6, 2008 11:58pm
Quoting forexlion
darn, 181.43 was the last stop for the upmove
Not sure, mabe its just wants to retest the daily pivot on the hourly 179.19.
  • #119,602
  • Oct 7, 2008 12:04am Oct 7, 2008 12:04am
Quoting Macedonia
Not sure, mabe its just wants to retest the daily pivot on the hourly 179.19.
But then again, the 1h qqe is touching the 50 line. if it rejects it, forget about seeing anything higher. this thing will reach new lows.
  • #119,603
  • Oct 7, 2008 12:08am Oct 7, 2008 12:08am
Quoting Macedonia
Not sure, mabe its just wants to retest the daily pivot on the hourly 179.19.
Looks like 179.20 area (daily pivot) is a good place to buy ..
  • #119,604
  • Oct 7, 2008 12:17am Oct 7, 2008 12:17am
Quoting mktjong
Looks like 179.20 area (daily pivot) is a good place to buy ..
Based on current very bid price action, we may not see this level either :-)
  • #119,605
  • Oct 7, 2008 12:20am Oct 7, 2008 12:20am
Quoting mktjong
Based on current very bid price action, we may not see this level either :-)
we should see the lower TL on the 1h bearish flag...
  • #119,606
  • Oct 7, 2008 12:21am Oct 7, 2008 12:21am
short since 181.75
4h qqe crossed, and so are my fingers.....
  • #119,607
  • Oct 7, 2008 12:23am Oct 7, 2008 12:23am
Quoting lilmoe
we should see the lower TL on the 1h bearish flag...
What level is that?
  • #119,608
  • Oct 7, 2008 12:24am Oct 7, 2008 12:24am
Quoting Reborn1982
short since 181.75
4h qqe crossed, and so are my fingers.....
Very good short level ..
  • #119,609
  • Oct 7, 2008 12:25am Oct 7, 2008 12:25am
Quoting mktjong
What level is that?
i think it's 179...

price action on 1h says, 1h 5sma first if not lower, and that' at 179.57
price action on m5 says m5's 50ema and that's at 179.50....

i'll unload some position at 179.50...

edit:

38.2 of the move up is at 178.84... so if this really is a bull, i think we need to see that first.
  • #119,610
  • Oct 7, 2008 12:26am Oct 7, 2008 12:26am
Quoting lilmoe
we should see the lower TL on the 1h bearish flag...
that is roughly where the gan is aswell. strong suport. but easy broken if qqe crosses back down
  • #119,611
  • Oct 7, 2008 12:34am Oct 7, 2008 12:34am
Quoting Macedonia
that is roughly where the gan is aswell. strong suport. but easy broken if qqe crosses back down
sory i was looking at another trend line on 1h chart which is much further away.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 13 KB
  • #119,612
  • Oct 7, 2008 12:40am Oct 7, 2008 12:40am
Quoting lilmoe
i think it's 179...

price action on 1h says, 1h 5sma first if not lower, and that' at 179.57
price action on m5 says m5's 50ema and that's at 179.50....

i'll unload some position at 179.50...

edit:

38.2 of the move up is at 178.84... so if this really is a bull, i think we need to see that first.
i guess a jump in aud pairs (usd and aud/jpy ) has pulled it up.... along
  • #119,613
  • Oct 7, 2008 12:51am Oct 7, 2008 12:51am
Quoting lilmoe
we should see the lower TL on the 1h bearish flag...

I have 178 on that flag bottom Lilmoe .. what you got ?
Blogging daily now at www.volume.zone
  • #119,614
  • Oct 7, 2008 12:52am Oct 7, 2008 12:52am
Quoting harora
i guess a jump in aud pairs (usd and aud/jpy ) has pulled it up.... along
i'm not watching other pairs atm... but there's a strong bearish HD on 1h that hasn't played out yet.. when it does we should either see 38.2 of this upmove or a complete reversal downwards... at least that's what i see. i could be wrong of course.

8 mins for this 1h candle to close. if it closes below 180 then it's over for bulls for now...
  • #119,615
  • Oct 7, 2008 12:54am Oct 7, 2008 12:54am
Quoting lilmoe
i'm not watching other pairs atm... but there's a strong bearish HD on 1h that hasn't played out yet.. when it does we should either see 38.2 of this upmove or a complete reversal downwards... at least that's what i see. i could be wrong of course.

8 mins for this 1h candle to close. if it closes below 180 then it's over for bulls...

what not gbpaud ? it is on drugs tonight ..... all over place
Blogging daily now at www.volume.zone
  • #119,616
  • Oct 7, 2008 12:56am Oct 7, 2008 12:56am
Quoting malcolmb14
I have 178 on that flag bottom Lilmoe .. what you got ?
it's somewhere around 178-179.. so i would say 178.50
  • #119,617
  • Oct 7, 2008 12:57am Oct 7, 2008 12:57am
Hi Malcolm. Posted last night a quick question to you but I guess you were catching up on zzzzz's. What platform do you use for GBp/AUD as I cant get it on either of the platforms I use. Thanks
  • #119,618
  • Oct 7, 2008 1:02am Oct 7, 2008 1:02am
Quoting malcolmb14
what not gbpaud ? it is on drugs tonight ..... all over place
trust me, GJ's a handful at the moment, looool
  • #119,619
  • Edited 1:07am Oct 7, 2008 1:05am | Edited 1:07am
looks like it's going to be turnaround tuesday baby...i'm not convinced we have hit the lows yet...so my plan is too short at 183 level...

lets see baby
  • #119,620
  • Oct 7, 2008 1:06am Oct 7, 2008 1:06am
179.90 is an ASS... loool.
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