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

  • #145,741
  • Dec 3, 2008 5:20pm Dec 3, 2008 5:20pm
interesting scenario here. we are right on the upper wall of the recent downtrend...a decisive break of it (above 138.35 or so) would put us right back at 140 in my opinion. On the other hand...we could just crash hard again from here...time will tell and my long must suffer the pain.

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Different opinions highly valued, ignorant to slander.
  • #145,742
  • Dec 3, 2008 5:24pm Dec 3, 2008 5:24pm
Tommorrow, GU will have a rate cut decision and that will affect the pip value.

[
  • #145,743
  • Dec 3, 2008 5:26pm Dec 3, 2008 5:26pm
Quoting psiholog
interesting scenario here. we are right on the upper wall of the recent downtrend...a decisive break of it (above 138.35 or so) would put us right back at 140 in my opinion. On the other hand...we could just crash hard again from here...time will tell and my long must suffer the pain.

Attachment
Im short. Lets see how this plays out.
  • #145,744
  • Dec 3, 2008 5:30pm Dec 3, 2008 5:30pm
hard to see what is going on GJ chart ... GU chart very clear to me

if this happens .. break down of flag gu , during London , then we could see 134 gj later during London session

Attached Image (click to enlarge)
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  • #145,745
  • Dec 3, 2008 5:32pm Dec 3, 2008 5:32pm
The Gann-Hilo is lined up along the 139 area on the fib and also the trendline...
I figured a short rally before a nice drop to a new low unless the JPY have something new to change direction...

TP near the 129.00 zone....

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[
  • #145,746
  • Dec 3, 2008 5:35pm Dec 3, 2008 5:35pm
Good evening everyone -
  • #145,747
  • Dec 3, 2008 5:37pm Dec 3, 2008 5:37pm
Quoting quecee5
Good evening everyone -
Evening mate
  • #145,748
  • Dec 3, 2008 5:44pm Dec 3, 2008 5:44pm
Here we go
  • #145,749
  • Dec 3, 2008 5:45pm Dec 3, 2008 5:45pm
if we test the bottom again 13630 ish a wise man once said the glass floor

will be smashed after been hit a few times - lets see how it goes
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  • #145,750
  • Dec 3, 2008 5:45pm Dec 3, 2008 5:45pm
If 137.50/137/136.80 holds we will probably see an upside wave toward 141 before a major fall to new lows. . . JMHO!

I'll be the brave sole and buy these dips -
  • #145,751
  • Dec 3, 2008 5:47pm Dec 3, 2008 5:47pm
That's a pretty little Head & Shoulders on the 5 minute chart.
  • #145,752
  • Dec 3, 2008 5:48pm Dec 3, 2008 5:48pm
Quoting quecee5
Good evening everyone -
evening q
  • #145,753
  • Dec 3, 2008 5:49pm Dec 3, 2008 5:49pm
Nice H&S on the 5 min.
Price does what price wants , I just need to be prepared.
  • #145,754
  • Dec 3, 2008 5:49pm Dec 3, 2008 5:49pm
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  • #145,755
  • Dec 3, 2008 5:49pm Dec 3, 2008 5:49pm
Quoting cohiba pips
evening q
Evening bro. . .
  • #145,756
  • Dec 3, 2008 5:52pm Dec 3, 2008 5:52pm
Why EU chart looks exactly like GY chart?
  • #145,757
  • Dec 3, 2008 5:56pm Dec 3, 2008 5:56pm
You post a comment before my post...


Quoting PJkiller
Nice H&S on the 5 min.
[
  • #145,758
  • Dec 3, 2008 5:57pm Dec 3, 2008 5:57pm
Quoting quecee5
If 137.50/137/136.80 holds we will probably see an upside wave toward 141 before a major fall to new lows. . . JMHO!

I'll be the brave sole and buy these dips -
not if that GU bear flag breaks tonight ... one more push down ... maybe 134 for the pros to load up for the raise from the dead
Blogging daily now at www.volume.zone
  • #145,759
  • Dec 3, 2008 6:04pm Dec 3, 2008 6:04pm
Quoting malcolmb14
not if that GU bear flag breaks tonight ... one more push down ... maybe 134 for the pros to load up for the raise from the dead
not a Joke this time.. lool
  • #145,760
  • Dec 3, 2008 6:04pm Dec 3, 2008 6:04pm
Quoting quecee5
If 137.50/137/136.80 holds we will probably see an upside wave toward 141 before a major fall to new lows. . . JMHO!

I'll be the brave sole and buy these dips -

Good evening,
Quecee5, how you get these numbers? If you don't mind telling.

Thanks
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