Timing is everything 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #139,483
- Nov 20, 2008 2:50am Nov 20, 2008 2:50am
i'm only 40% sure this will play out (very small chance), i would've been 70% sure if CCI wasn't below the -100 line on my 4h charts.
if this support (140.20 - 141.30) holds, and we break above the descending green TL, we are going for a very good rally that could take out 147.80....
a small possibility though.
if we reach 140.20 i'll try a small long position.
Attachment
- #139,485
- Nov 20, 2008 2:54am Nov 20, 2008 2:54am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
lol don't worry im ready for your in your face I was right when and 'if'139 comes along before 143 hahaha I really do feel we'll see 143 first
GJ also bounced from 78.6 fibo, so logically it should go back to 50% at least at 143.38 before it makes it to 100% at 139.
bullish divergence on m30 not broken and still didn't play out
- #139,486
- Nov 20, 2008 2:57am Nov 20, 2008 2:57am
cable is the major driver here. it's currently bouncing from a 61.8 fibo of it's rally from 1.45 to 1.52, if it doesn't close below that, u'll get ur 143 area, probably a bit higher
GJ also bounced from 78.6 fibo, so logically it should go back to 50% at least at 143.38 before it makes it to 100% at 139.
bullish divergence on m30 not broken and still didn't play out
i stepped in again for a long at support 141.43...let's see how it plays out
- #139,487
- Nov 20, 2008 2:59am Nov 20, 2008 2:59am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
cable is the major driver here. it's currently bouncing from a 61.8 fibo of it's rally from 1.45 to 1.52, if it doesn't close below that, u'll get ur 143 area, probably a bit higher
GJ also bounced from 78.6 fibo, so logically it should go back to 50% at least at 143.38 before it makes it to 100% at 139.
bullish divergence on m30 not broken and still didn't play out
funny little note, 143.30 is m30's 50ema (my original target if we closed above m15 gann
)
- #139,488
- Nov 20, 2008 3:05am Nov 20, 2008 3:05am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
Dow futures are currently trding at 7915 which is below yesterdays close and right at year's ( and multiyears') low. today could be the day that it will smash it and you know what happens to GBPJPY then
- #139,489
- Nov 20, 2008 3:18am Nov 20, 2008 3:18am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Let's cook some bulls 
Trade what you see, not what you think.
- #139,490
- Nov 20, 2008 3:24am Nov 20, 2008 3:24am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Like I post sometimes, I just can not believe todays EURJPY.
It is so stubborn to go DOWN, holded by EURUSD, that I lost my patience.
GBPJPY nice Karmo style move...!!!!!,
EURJPY is still waiting for BUS to go DOW.. Maybe is full of JPY pairs
It is so stubborn to go DOWN, holded by EURUSD, that I lost my patience.
GBPJPY nice Karmo style move...!!!!!,
EURJPY is still waiting for BUS to go DOW.. Maybe is full of JPY pairs
- #139,492
- Nov 20, 2008 3:25am Nov 20, 2008 3:25am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
Let's cook some bulls
)
- #139,493
- Nov 20, 2008 3:27am Nov 20, 2008 3:27am
cable is the major driver here. it's currently bouncing from a 61.8 fibo of it's rally from 1.45 to 1.52, if it doesn't close below that, u'll get ur 143 area, probably a bit higher
GJ also bounced from 78.6 fibo, so logically it should go back to 50% at least at 143.38 before it makes it to 100% at 139.
bullish divergence on m30 not broken and still didn't play out
your rihgt Moe, cable has to break here but is having are hard time doing so.
- #139,495
- Nov 20, 2008 3:30am Nov 20, 2008 3:30am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #139,497
- Nov 20, 2008 3:35am Nov 20, 2008 3:35am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #139,498
- Nov 20, 2008 3:36am Nov 20, 2008 3:36am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
Guys. Another way of looking at the hourly could be its forming a rounding bottom?
if its a rounding bottom it will take hours to form and untill it is formed you just can't assume that it is especially in the trend like this
- #139,500
- Nov 20, 2008 3:39am Nov 20, 2008 3:39am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
