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

  • #133,101
  • Nov 7, 2008 12:00am Nov 7, 2008 12:00am
neckline points? hmmmmm not sure about the visuals lol. so sleepy today. cant wait to catch up on my sleep tomorrow night lol

looks like consolidation till london? who knows. because NFP coming tomorrow sometimes thursday nights its like this

Quoting TraderStar
Yeah I see that .. the Double-Headed Guppy Monster. Hopefully there will be a break of the neckline soon!
I can never remember, are the shoulders supposed to be outside the neckline points .. or does it make a difference?
  • #133,102
  • Nov 7, 2008 12:06am Nov 7, 2008 12:06am
I guess geppy is in a short term uptrend mode now.
  • #133,103
  • Nov 7, 2008 12:09am Nov 7, 2008 12:09am
Almost shorted the head and shoulders until he gave me the middle finger right now.
What's that smell?
  • #133,104
  • Nov 7, 2008 12:11am Nov 7, 2008 12:11am
Uptrend? It is a retrace. 38.5% completed, possible 50% just above 154, but the trend is down
  • #133,105
  • Nov 7, 2008 12:12am Nov 7, 2008 12:12am
Nobody wants to listen to me, we're going to 156.00 (then I'm covering) and potentially as high as 158.00 where I'll start shorting unless I see it weakening before that.
check out my blog: forexmademillionaire dot com
  • #133,106
  • Nov 7, 2008 12:15am Nov 7, 2008 12:15am
Quoting Geppy
Nobody wants to listen to me, we're going to 156.00 (then I'm covering) and potentially as high as 158.00 where I'll start shorting unless I see it weakening before that.
How can that possible happen?
  • #133,107
  • Nov 7, 2008 12:17am Nov 7, 2008 12:17am
Quoting Geppy
Nobody wants to listen to me, we're going to 156.00 (then I'm covering) and potentially as high as 158.00 where I'll start shorting unless I see it weakening before that.
If you're right this time, everyone will listen to you next time
  • #133,108
  • Nov 7, 2008 12:18am Nov 7, 2008 12:18am
Quoting meltz
How can that possible happen?
Watch and learn...
check out my blog: forexmademillionaire dot com
  • #133,109
  • Nov 7, 2008 12:20am Nov 7, 2008 12:20am
156 is beyond 50% yes? the top channel. is that why?

Quoting Geppy
Nobody wants to listen to me, we're going to 156.00 (then I'm covering) and potentially as high as 158.00 where I'll start shorting unless I see it weakening before that.
  • #133,110
  • Nov 7, 2008 12:23am Nov 7, 2008 12:23am
Quoting Geppy
Nobody wants to listen to me, we're going to 156.00 (then I'm covering) and potentially as high as 158.00 where I'll start shorting unless I see it weakening before that.
I've been long since 151.00, and the reason is kind of silly: A strategist at Gain called a big bounce to 1.29XX in EU tonight before the big drop, and I noticed GJ influenced to some degree by EU.

So when EU hits 1.29-1.30 resistance, then whatever figure GJ is I will short.

So far having a spectacular night.
What's that smell?
  • #133,111
  • Nov 7, 2008 12:23am Nov 7, 2008 12:23am
I've posted my reasoning several times and won't continue to repeat it. Please check previous pages.

I'm adding a couple more longs here... 156.00 target still
check out my blog: forexmademillionaire dot com
  • #133,112
  • Nov 7, 2008 12:24am Nov 7, 2008 12:24am
Quoting Geppy
Watch and learn...
I've checked back about 15 pages and did not find a chart posted by you .. could you post a chart showing your reasons for thinking this is going to 156-58?
  • #133,113
  • Nov 7, 2008 12:29am Nov 7, 2008 12:29am
I promise I posted a chart, can't you search posting solely by me?
check out my blog: forexmademillionaire dot com
  • #133,114
  • Nov 7, 2008 12:29am Nov 7, 2008 12:29am
Quoting cancunkev
Uptrend? It is a retrace. 38.5% completed, possible 50% just above 154, but the trend is down
Oh sorry, yes, retracement is the better word.
  • #133,115
  • Nov 7, 2008 12:32am Nov 7, 2008 12:32am
Quoting Geppy
I've posted my reasoning several times and won't continue to repeat it. Please check previous pages.

I'm adding a couple more longs here... 156.00 target still

I think if we see g/u breakup above 1.5720 firmly then I'm pretty inclined to go with Geppy's 156, but until then I'm in the neutral/bear camp.

My 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 29 KB
  • #133,116
  • Nov 7, 2008 12:32am Nov 7, 2008 12:32am
Quoting TraderStar
I've checked back about 15 pages and did not find a chart posted by you .. could you post a chart showing your reasons for thinking this is going to 156-58?
Where are the pros today??? Karmo, Malcolmb, Lilmoe...???
Markets are not Random, they are designed!
  • #133,117
  • Nov 7, 2008 12:34am Nov 7, 2008 12:34am
Since the big guns (karmo, lilmoe et al) are not here at the moment, just a reminder, price is below gann on the daily and 4h. Daily QQE is crossed up with price below gann, says continuation of bearish trend. All tf's from 1 h on down, price is above gann & qqe crossed up, so we are definitely in a retracement phase, but I still see a lot of weakness in this upward movement.

On 4h price is dancing around the 5sma. It bounced off some lower tl's but so far does not seem to have the momentum to sustain a retrace much above the .38.

But I've been wrong before
  • #133,118
  • Nov 7, 2008 12:37am Nov 7, 2008 12:37am
Quoting Raza
Where are the pros today??? Karmo, Malcolmb, Lilmoe...???
In their counting rooms, counting their pips ...
Attached Image
  • #133,119
  • Nov 7, 2008 12:38am Nov 7, 2008 12:38am
I agree TraderStar, I am very VERY bearish on this pair... just not for right now. We're in a slight uptrend and as I said before, I will begin shorting between 156.00 and 158.00
check out my blog: forexmademillionaire dot com
  • #133,120
  • Nov 7, 2008 12:40am Nov 7, 2008 12:40am
Quoting Geppy
I agree TraderStar, I am very VERY bearish on this pair... just not for right now. We're in a slight uptrend and as I said before, I will begin shorting between 156.00 and 158.00
What's your time est. for this upward retracement? Hours? Days?
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