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

  • #122,101
  • Oct 14, 2008 7:04am Oct 14, 2008 7:04am
Paulson' s bank investment program to be announced in 30 min;

let's see the reaction, hope it won't screw things up again like before

Have a good day, everybody!
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #122,102
  • Oct 14, 2008 7:09am Oct 14, 2008 7:09am
5m shows us a perfect uptrend channel
Trade what you see, not what you think.
  • #122,103
  • Oct 14, 2008 8:12am Oct 14, 2008 8:12am
Quoting quecee5
If the bear trend is to continue then 38% retrace from the low to 216 @ 185-186 should prove to be toppy and reverse back down from there. . .

As for the next leg down I see 138% being our next target for the next leg down as wave 5 has not completed just yet based on the weekly chart. . . One more leg down should complete it @ 148/146 then we should see an ABC correction into December that should result in a XMAS rally upto 201.50 possibly 205. . .

Look at GU and EU they both have bias to the downside but after reaching 1.8 (GU) and 1.40 area (EU) should see them both reverse and UJ should see a test of the low again 97 if not lower 93. . .

This should put GJ ar'd 156/148/146 area to complete wave 5 of 5. . .

Good luck to all on your trading this week. . .
guessing the top is a tough deal, we might have seen the top
let's wait and see.
  • #122,104
  • Oct 14, 2008 8:13am Oct 14, 2008 8:13am
morning guys short here from 180.50 stops at bE + 20
Price does what price wants , I just need to be prepared.
  • #122,105
  • Oct 14, 2008 8:15am Oct 14, 2008 8:15am
Still did not hit my daily gann so slept all night with no alert good nights sleep...lol
Price does what price wants , I just need to be prepared.
  • #122,106
  • Oct 14, 2008 8:18am Oct 14, 2008 8:18am
Stopped out with 20 will have to try again hourly candle patteren looks really toppy
Price does what price wants , I just need to be prepared.
  • #122,107
  • Oct 14, 2008 8:21am Oct 14, 2008 8:21am
Lilmoe what ya thinking down down down...
Price does what price wants , I just need to be prepared.
  • #122,108
  • Oct 14, 2008 8:22am Oct 14, 2008 8:22am
15m QQE crossed down and candle closed below 15m Gann. Still inside an ascending channel on 15m. Lets see if we get a clear break south
  • #122,109
  • Oct 14, 2008 8:24am Oct 14, 2008 8:24am
Quoting belekas
15m QQE crossed down and candle closed below 15m Gann. Still inside an ascending channel on 15m. Lets see if we get a clear break south
yes i see that as well. djf got up to 405 so wondering about dj open here.
Price does what price wants , I just need to be prepared.
  • #122,110
  • Oct 14, 2008 8:25am Oct 14, 2008 8:25am
Quoting PJkiller
morning guys short here from 180.50 stops at bE + 20
hey there, how's it goin'?

i see u're picking some tops
  • #122,111
  • Oct 14, 2008 8:27am Oct 14, 2008 8:27am
Quoting lilmoe
hey there, how's it goin'?

i see u're picking some tops
got stopped out +20 but got right back in at 17
Price does what price wants , I just need to be prepared.
  • #122,112
  • Oct 14, 2008 8:29am Oct 14, 2008 8:29am
Quoting PJkiller
got stopped out +20 but got right back in at 17
how about you? looks like it was a descent euro session.
Price does what price wants , I just need to be prepared.
  • #122,113
  • Oct 14, 2008 8:31am Oct 14, 2008 8:31am
stopped out again +5
Price does what price wants , I just need to be prepared.
  • #122,114
  • Oct 14, 2008 8:35am Oct 14, 2008 8:35am
Quoting PJkiller
got stopped out +20 but got right back in at 17
this bull is unstoppable....
  • #122,115
  • Oct 14, 2008 8:38am Oct 14, 2008 8:38am
Quoting lilmoe
this bull is unstoppable....
long again at .29
  • #122,116
  • Oct 14, 2008 8:38am Oct 14, 2008 8:38am
The bull-shyt run is not over yet IMO
Trade what you see, not what you think.
  • #122,117
  • Oct 14, 2008 8:40am Oct 14, 2008 8:40am
102.80 is Resistance level for UJ
Trade what you see, not what you think.
  • #122,118
  • Oct 14, 2008 8:40am Oct 14, 2008 8:40am
Quoting lilmoe
this bull is unstoppable....
I just have such a hard time going long up here....lol
but would love to short daily gann mine at 182.09 you guys have same...
Also hourly still has like a tweezer top double inverted hammer formation may play out yet.
Price does what price wants , I just need to be prepared.
  • #122,119
  • Oct 14, 2008 8:41am Oct 14, 2008 8:41am
Quoting lilmoe
long again at .29
lol, that was fast...

stopped out.
  • #122,120
  • Oct 14, 2008 8:42am Oct 14, 2008 8:42am
I see a bull flag on the 5m chart
Trade what you see, not what you think.
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