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

  • #119,601
  • Oct 6, 2008 9:58pm Oct 6, 2008 9:58pm
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 6, 2008 10:04pm Oct 6, 2008 10:04pm
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 6, 2008 10:08pm Oct 6, 2008 10:08pm
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 6, 2008 10:17pm Oct 6, 2008 10:17pm
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 6, 2008 10:20pm Oct 6, 2008 10:20pm
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 6, 2008 10:21pm Oct 6, 2008 10:21pm
short since 181.75
4h qqe crossed, and so are my fingers.....
  • #119,607
  • Oct 6, 2008 10:23pm Oct 6, 2008 10:23pm
Quoting lilmoe
we should see the lower TL on the 1h bearish flag...
What level is that?
  • #119,608
  • Oct 6, 2008 10:24pm Oct 6, 2008 10:24pm
Quoting Reborn1982
short since 181.75
4h qqe crossed, and so are my fingers.....
Very good short level ..
  • #119,609
  • Oct 6, 2008 10:25pm Oct 6, 2008 10:25pm
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 6, 2008 10:26pm Oct 6, 2008 10:26pm
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 6, 2008 10:34pm Oct 6, 2008 10:34pm
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 6, 2008 10:40pm Oct 6, 2008 10:40pm
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 6, 2008 10:51pm Oct 6, 2008 10:51pm
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 6, 2008 10:52pm Oct 6, 2008 10:52pm
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 6, 2008 10:54pm Oct 6, 2008 10:54pm
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 6, 2008 10:56pm Oct 6, 2008 10:56pm
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 6, 2008 10:57pm Oct 6, 2008 10:57pm
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 6, 2008 11:02pm Oct 6, 2008 11:02pm
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 11:07pm Oct 6, 2008 11:05pm | Edited 11:07pm
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 6, 2008 11:06pm Oct 6, 2008 11:06pm
179.90 is an ASS... loool.
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