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

  • #146,861
  • Dec 7, 2008 11:51am Dec 7, 2008 11:51am
Quoting vinesh2
Hey does anyone know what was the low for UJ on Friday?
91.56
  • #146,862
  • Edited 12:25pm Dec 7, 2008 11:52am | Edited 12:25pm
Quoting vinesh2
Hey does anyone know what was the low for UJ on Friday?
91.59
  • #146,863
  • Dec 7, 2008 12:01pm Dec 7, 2008 12:01pm
Quoting OrionsWay
to the LOL


Here is how price will behave leading into next Friday, but of course you already know this - !

Pull back from 137.50 to check support @ 134.90/135.50 - if supported buy for a ride to check resistance at 138.30/138.90 Should happen in an abcd wave: 135 - 137.50 - 136.30 - 138.30

Failure to break 138.30/80 resistance will be a sell trigger for a ride back to a new low @ 132.16 major support.

Many will load up short from here buy Not I I will be loading up long for the bounce to 136.40 area 1st. A failure to get above 136.40 on the secound try will trigger my next sell order for another check of this support @ 132.19 perhaps a dip to 129.30 area. . .

I will load up long in this area for moon shot to 148 from here. . .

Now if price closes above 138.31 and is supported with a 1hr close I'm a buyer from here for a 300-500 pip ride to 141/143/144 area. . .
  • #146,864
  • Dec 7, 2008 12:04pm Dec 7, 2008 12:04pm
Quoting OrionsWay
Absorbing?
pull up 10m chart and you see the effect of that high vol orion.

it hit last 3 upbars, resulting in wicks with following bars after close down on still much vol.

do not see absorbtion at the highs. the only point which could have been absorbtion is the 8430 area. but the poinbt is, we head straight back up to mondays selloff area on even more weakness. increasing vol towards that top and forming tiny bar bodies with wick up. meaning price compression due to seller stepping in. since professionals take their positions for the next day on todays close, this is a clear sign here for me that this was not buying. we'll see tomorrow.
absorbtion is when u spike thorugh old resitance on a wide spread, just eating everybody which shorts into that. but the result has to be a noticeable close above resistance and not just rejection on heavy vol. on the 2m i can even see on the last bars that there is yet some decent selling acitivity.

the drop has to come. we have to nail the WHEN EXACTLY

edit: lord, give me typo-free-2-finger-fastwriting-abilites
  • #146,865
  • Dec 7, 2008 12:06pm Dec 7, 2008 12:06pm
Quoting quecee5


Here is how price will behave leading into next Friday, but of course you already know this - !

Pull back from 137.50 to check support @ 134.90/135.50 - if supported buy for a ride to check resistance at 138.30/138.90 Should happen in an abcd wave: 135 - 137.50 - 136.30 - 138.30

Failure to break 138.30/80 resistance will be a sell trigger for a ride back to a new low @ 132.16 major support.

Many will load up short from here buy Not I I will be loading...
Somehow I agree on the above scenario
  • #146,866
  • Dec 7, 2008 12:09pm Dec 7, 2008 12:09pm
The PA of UJ have been range bound until last two days setting lower lows since Oct. 08. UJ is probably waiting for some indication from the bailout decision before leading the way this week...The PA support at 93.50 held for a week until finally breaking the support at #1 candle.

#2 candle doji

#3 candle doji

#4 candle set a new low for the week and retrace back up to 93.50 which is a resistance now

#5 candle set another low for the week and PA retrace back up to 93.50 and failed again..

PA will head to the least resistance which is down..

The Oct.08 UJ low have not been tested yet...This week I believe it will happen or today....

A break of the 91.00 support from Oct. '08 is the indication overall if the GJ will finally fall this week.. GU mainly was the leading indicator for the GJ last week...UJ should lead this week..
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[
  • #146,867
  • Dec 7, 2008 12:24pm Dec 7, 2008 12:24pm
Whats up Q. Hope you had a good weekend
  • #146,868
  • Dec 7, 2008 12:32pm Dec 7, 2008 12:32pm
Quoting vinesh2
Whats up Q. Hope you had a good weekend
I did bro -
Hope yours was good as well!
  • #146,869
  • Dec 7, 2008 12:35pm Dec 7, 2008 12:35pm
My working chart for this week. . .
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  • #146,870
  • Dec 7, 2008 12:40pm Dec 7, 2008 12:40pm
Quoting Dr.Geppynius
edit: lord, give me typo-free-2-finger-fastwriting-abilites

Hahaa to the above



Here is how i see it
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"Millionaires don't use astrology, billionaires do"
  • #146,871
  • Dec 7, 2008 12:53pm Dec 7, 2008 12:53pm
Quoting OrionsWay
Hahaa to the above



Here is how i see it
we always seem to be on the same page my friend. . .
  • #146,872
  • Dec 7, 2008 12:55pm Dec 7, 2008 12:55pm
Looks like price will open ar'd 137 area or higher - hope no one is short at that price!
  • #146,873
  • Dec 7, 2008 12:59pm Dec 7, 2008 12:59pm
Quoting quecee5
we always seem to be on the same page my friend. . .

Well just like to say Q the pleasure is all mine to be amungst top quality of trader as your fine self May we live long and prosper
"Millionaires don't use astrology, billionaires do"
  • #146,874
  • Dec 7, 2008 1:00pm Dec 7, 2008 1:00pm
Quoting OrionsWay
Hahaa to the above



Here is how i see it
u do not take the selloff from mo-fr session end into consideration
compared to that little long reload on friday to come back to highs, the amount is pretty tiny and with fridays session end happenings something knocked heavily on our head from above

gapup would also be nice and adds to the plan.

fact is, those shorts need to be unloaded.
  • #146,875
  • Dec 7, 2008 1:02pm Dec 7, 2008 1:02pm
man, would you stop posting charts!!! big brother is watching us .
Nihil Sine Deo.
  • #146,876
  • Dec 7, 2008 1:03pm Dec 7, 2008 1:03pm
This platform is always open an hour or more before a lot of others, and usually gives a bit extra at the end of the week. Don't know if there are many others out there for metatrader that have as much data but would be interested if there was.
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  • #146,877
  • Dec 7, 2008 1:06pm Dec 7, 2008 1:06pm
Quoting Job1:20
This platform is always open an hour or more before a lot of others, and usually gives a bit extra at the end of the week. Don't know if there are many others out there for metatrader that have as much data but would be interested if there was.
cool... looks like a bullish gap there...
  • #146,878
  • Dec 7, 2008 1:07pm Dec 7, 2008 1:07pm
Quoting quecee5
Looks like price will open ar'd 137 area or higher - hope no one is short at that price!
Why?
  • #146,879
  • Dec 7, 2008 1:10pm Dec 7, 2008 1:10pm
Quoting zapper
cool... looks like a bullish gap there...
gap in that area has no significance since no relevant support/resistance areas were taken out. just a little stopgunning.
  • #146,880
  • Dec 7, 2008 1:10pm Dec 7, 2008 1:10pm
Quoting Scrat
man, would you stop posting charts!!! big brother is watching us .
big brokher?
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