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

  • #136,681
  • Edited 11:56pm Nov 14, 2008 11:10pm | Edited 11:56pm
for next week. the gpy/jpy has to go much higher to establish an uptrend but it doesn't have to go much farther to put a continuation on the bear trend.

unless the bear is nice.
http://animals.nationalgeographic.co...axing-baby.jpg
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,682
  • Nov 15, 2008 4:06am Nov 15, 2008 4:06am
GJ
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 15Nov08 H1.gif Size: 23 KB
  • #136,683
  • Nov 15, 2008 5:28am Nov 15, 2008 5:28am
Quoting mphpopular
GJ
As far as I knew till now forex market had only 2 directions but now I see it has 3 ...

BTW ... those diagonal arrows are fine but if market develops in the direction of that red arrow, I'll quit forex market and open a chicken burger shop
Discipline + Patience - Fear - Greed = Success
  • #136,684
  • Nov 15, 2008 6:52am Nov 15, 2008 6:52am
yesterday i couldnt upload charts... today it works

lets see how this continues in the next week...twt
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Click to Enlarge Name: gj5m.jpg Size: 200 KB
  • #136,685
  • Nov 15, 2008 6:55am Nov 15, 2008 6:55am
Quoting arezab
well I just logged in and saw my 3 short positions from 145.90 area have been stopped out with total of 265+ ... my sl was at 145.00 I should have closed them at 141.50


Here is what I see for next week. I think if this movements form this rising triangle (sorry for the choppy edge), a breakout to the upside will be likely to happen. That will push the price up to 149.50 and then 151.80 or higher easily.

On the other side if price respects that red trend line and no breakout happens then bears will definitely continue their push to 139 again...
I am with you on that.
  • #136,686
  • Edited 7:27am Nov 15, 2008 7:06am | Edited 7:27am
Triple bottom on the weekly chart...I believe the 139 low will hold for now until maybe some real bad news to accelerate the weakness of GJ...There is speculation of another rate cut in Dec. 08..IMHO, I think the PA will pullback until the market is clear where the Feds stand with the bailouts, and rate cut.

Technically the GJ may pullback in the 165-170 area if the market stall until the Feds decide on another rate cut..

I am not sure what the G-20 this weekend will do to help the US recession since Europe is offically in recession as well as a few other countries...Most banks are running dry to continue injecting more money into the markets.











Quoting arezab
As far as I knew till now forex market had only 2 directions but now I see it has 3 ...

BTW ... those diagonal arrows are fine but if market develops in the direction of that red arrow, I'll quit forex market and open a chicken burger shop
Attached Image (click to enlarge)
Click to Enlarge Name: gj weekly.gif Size: 29 KB
[
  • #136,687
  • Nov 15, 2008 7:43am Nov 15, 2008 7:43am
Quoting Titus
yesterday i couldnt upload charts... today it works

lets see how this continues in the next week...twt
nice chart bro. very clean.
  • #136,688
  • Nov 15, 2008 7:51am Nov 15, 2008 7:51am
Is there anything we can trade on the weekends? lol I'm bored
Trade what you see, not what you think.
  • #136,689
  • Nov 15, 2008 7:54am Nov 15, 2008 7:54am
Quoting pkimnyc
nice chart bro. very clean.
thanks bro, i like yours too ... i just dont like EW countings because it confuses me, but good it works for u
  • #136,690
  • Nov 15, 2008 7:56am Nov 15, 2008 7:56am
Quoting karmostaji
Is there anything we can trade on the weekends? lol I'm bored
man you and me both. i need the market.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,691
  • Nov 15, 2008 7:59am Nov 15, 2008 7:59am
Quoting karmostaji
Is there anything we can trade on the weekends? lol I'm bored
drugs & guns
  • #136,692
  • Nov 15, 2008 8:44am Nov 15, 2008 8:44am

Hello I want to Ask for a way to index qqe, I used the MT4, I was a junior. Thank you

  • #136,693
  • Nov 15, 2008 9:57am Nov 15, 2008 9:57am
Quoting jon clogger
pkimnyc, brilliant! Thank you for doing this work....
more like market manipulation .....look at last 5 min candle of gj ..100 pips !!! ....
Blogging daily now at www.volume.zone
  • #136,694
  • Nov 15, 2008 9:59am Nov 15, 2008 9:59am
Quoting Titus
thanks bro, i like yours too ... i just dont like EW countings because it confuses me, but good it works for u
lol. yeah, i know. it confuses the hell out of me too.
  • #136,695
  • Nov 15, 2008 10:01am Nov 15, 2008 10:01am
Quoting england33
my prediction was right. no?

dow 8,497, 8,371 after hrs/final close -459.00
gpy/jpy 143.07

Victory bear camp! and you can take that to the bank.
ah all well and good if you trade futures ... but i was a bull for the day and made 400 ym points ... hit my target to the point. 8900

funny how move came at end of day ... no news .... smells funny to me ...

could be one last shake out before 9500 test

It will be interesting to see what happens next week at beginning of week

Professional sell into strength and buy into weakness. Do they see this as chance to load up a bit more.

8405 break to up side I am long again into 9000 .... the long scenario on gj will play out
Blogging daily now at www.volume.zone
  • #136,696
  • Nov 15, 2008 10:03am Nov 15, 2008 10:03am
Quoting arezab
As far as I knew till now forex market had only 2 directions but now I see it has 3 ...

BTW ... those diagonal arrows are fine but if market develops in the direction of that red arrow, I'll quit forex market and open a chicken burger shop


red arrow weould be good to ..... load up on position size and trade the range

I LOVE RANGE TRADING it is the easiest way to print money .. no guessing required
Blogging daily now at www.volume.zone
  • #136,697
  • Nov 15, 2008 10:06am Nov 15, 2008 10:06am
Quoting freed123

Hello I want to Ask for a way to index qqe, I used the MT4, I was a junior. Thank you


do you mean QQQQ
Blogging daily now at www.volume.zone
  • #136,698
  • Nov 15, 2008 10:09am Nov 15, 2008 10:09am
Quoting malcolmb14
ah all well and good if you trade futures ... but i was a bull for the day and made 400 ym points ... hit my target to the point. 8900

funny how move came at end of day ... no news .... smells funny to me ...

could be one last shake out before 9500 test

It will be interesting to see what happens next week at beginning of week

Professional sell into strength and buy into weakness. Do they see this as chance to load up a bit more.

8405 break to up side I am long again into 9000 .... the long scenario on gj will play out
looks like that's the most realistic candidate.
  • #136,699
  • Nov 15, 2008 10:13am Nov 15, 2008 10:13am
Quoting malcolmb14
ah all well and good if you trade futures ... but i was a bull for the day and made 400 ym points ... hit my target to the point. 8900

funny how move came at end of day ... no news .... smells funny to me ...

could be one last shake out before 9500 test

It will be interesting to see what happens next week at beginning of week

Professional sell into strength and buy into weakness. Do they see this as chance to load up a bit more.

8405 break to up side I am long again into 9000 .... the long scenario on gj will play out
ha,ha,ha we'll see. one could have loaded up at the peaks and done equally well. look at all the data coming out next week. it will be interesting.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #136,700
  • Nov 15, 2008 10:27am Nov 15, 2008 10:27am
Quoting england33
ha,ha,ha we'll see. one could have loaded up at the peaks and done equally well. look at all the data coming out next week. it will be interesting.
lets see .. we all know we are in recession ... news form intel a surprise .. course not ... recession means less computers sold .

the move friday in the last 60 min of YM was on very high volume ...a mirror image of the 60 min cnadle that went from 8400 to 8800

this looks like a market shake out

I think break 8400 we go to 9000

this happens 150 gj here we come .. test of trend line as I mentioned Thursday of last week
Blogging daily now at www.volume.zone
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