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

  • #147,961
  • Dec 10, 2008 8:25am Dec 10, 2008 8:25am
Quoting rgitt05
Please show a chart and what fundamentals?

give me your eMail to send you my chart
  • #147,962
  • Dec 10, 2008 8:26am Dec 10, 2008 8:26am
More PA until 2pm because of the US budget..



Than start trending down for a nice ride to a new low based on the fib from the daily chart I posted..





Quoting pino2
what?
[
  • #147,963
  • Dec 10, 2008 8:28am Dec 10, 2008 8:28am
Quoting rgitt05
PA approaching the 50EMA and R2 at 138.50 TP

Price is quickly coming to the breaking point. Until the price breaks out of this wedge, nobody knows for sure.

A break up and price targets will be 141.70, 143.70, and then maybe 150 - 160 range.

If price breaks down, 131.70, 127.70, 115.70, 86.20, etc.....
Attached Image (click to enlarge)
Click to Enlarge Name: 4HHighLevelChart.PNG Size: 63 KB
Real men can withstand 500 pip drawdowns but can real accounts
  • #147,964
  • Dec 10, 2008 8:31am Dec 10, 2008 8:31am
Quoting pino2
what?
If we dont see some weakness in the dow I can't see geppy tanking

so we will stay in this range untill new york closes which is

then down she goes
  • #147,965
  • Dec 10, 2008 8:36am Dec 10, 2008 8:36am
Quoting PipChick
Good to see ya Gull..where ya been?
been looking after the kids Christmas vacation and my wife was doing dinner.

been selling and selling some more but it seems to want to go sideways more and more
Timing is everything
  • #147,966
  • Dec 10, 2008 8:37am Dec 10, 2008 8:37am
Quoting Big Bruv
for goodness sake..this is just getting way way ridiculous....baby

i'm going home..and i'm pretty sure by the time i get home and say "honey i'm home" ...this thing would have dropped 1000 pips...typical
How quickly can you go BRO?

mm I am bit in a Hurry ( can't wait another few Hours)

j/k
  • #147,967
  • Dec 10, 2008 8:38am Dec 10, 2008 8:38am
GM will have to file for bankruptcy should the bailout fail.

this in turn will translate into weakest GJ.
  • #147,968
  • Dec 10, 2008 8:39am Dec 10, 2008 8:39am
Quoting junglelion
GM will have to file for bankruptcy should the bailout fail.

this in turn will translate into weakest GJ.
but should the bailout get through we could see 160 levels.
  • #147,969
  • Dec 10, 2008 8:40am Dec 10, 2008 8:40am
I wish I could understand tanking reason. Yes weekly trend is down but are we trading on weekly chart? I am looking at daily chart and lower time frames.

Plus I am new so needs to beaten first then I might learn.
  • #147,970
  • Dec 10, 2008 8:43am Dec 10, 2008 8:43am
Quoting Big Bruv
for goodness sake..this is just getting way way ridiculous....baby

i'm going home..and i'm pretty sure by the time i get home and say "honey i'm home" ...this thing would have dropped 1000 pips...typical
1000 pips drop? today? what makes you and others so 120% bearish - even in the short-term? what about the massive bullish div on the daily chart?

IMO there is a fair-good chance we'll see 143 area before a further (big) drop
Consistency and patience is everything
  • #147,971
  • Dec 10, 2008 8:44am Dec 10, 2008 8:44am
just a question to all:

what if it breaks the other way: to the north?

i mean yes, all signs point towards south; daily and weekly TL most significant.
  • #147,972
  • Dec 10, 2008 8:46am Dec 10, 2008 8:46am
You maybe right if the feds decide to give the Little 3 the full amount which I doubt...The daily RSX may break down...




Trade the charts....Bias is negative so far...


Quoting Geldmeister
1000 pips drop? today? what makes you and others so 120% bearish - even in the short-term? what about the massive bullish div on the daily chart?

IMO there is a fair-good chance we'll see 143 area before a further (big) drop
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 30 KB
[
  • #147,973
  • Dec 10, 2008 8:49am Dec 10, 2008 8:49am
if it moves up north, we may see some closing for the year only to go for some paid jobs against January......
  • #147,974
  • Dec 10, 2008 8:50am Dec 10, 2008 8:50am
Quoting sohail212
I wish I could understand tanking reason. Yes weekly trend is down but are we trading on weekly chart? I am looking at daily chart and lower time frames.

Plus I am new so needs to beaten first then I might learn.



Well, it will be painful blows, Asili tested,.....lol.

  • #147,975
  • Dec 10, 2008 8:50am Dec 10, 2008 8:50am
Quoting junglelion
but should the bailout get through we could see 160 levels.
Well.. the thing is.. this isn't a major bail out to save the company..

Its only short term loans to save them having to go bankrupt in the short term. Keeps them floating in short term only and since these guys either don't want or can't seem to change with the times.. future still isn't so bright. So not sure if it will boost things all that much
  • #147,976
  • Dec 10, 2008 8:50am Dec 10, 2008 8:50am
Please show me your chart for 143...The daily chart TL is holding and the weekly is screaming bearish....





Quoting Geldmeister
1000 pips drop? today? what makes you and others so 120% bearish - even in the short-term? what about the massive bullish div on the daily chart?

IMO there is a fair-good chance we'll see 143 area before a further (big) drop
[
  • #147,977
  • Dec 10, 2008 8:55am Dec 10, 2008 8:55am
Does it seem like there are alot of buyers keeping the price up?
  • #147,978
  • Dec 10, 2008 8:56am Dec 10, 2008 8:56am
Quoting sohail212
I wish I could understand tanking reason. Yes weekly trend is down but are we trading on weekly chart? I am looking at daily chart and lower time frames.

Plus I am new so needs to beaten first then I might learn.
H1 also above HILO..Is there any possibilities going to TL 138.03 then test to 138.59 before R3 at 139.75 ....

I have -2++ pips short since 135.XX..Pls share any finding
  • #147,979
  • Dec 10, 2008 8:56am Dec 10, 2008 8:56am
Quoting rgitt05
Please show me your chart for 143...The daily chart TL is holding and the weekly is screaming bearish....

If daily close is above 138.00, then 141.70 and 143.70 are targets to test
Real men can withstand 500 pip drawdowns but can real accounts
  • #147,980
  • Dec 10, 2008 8:57am Dec 10, 2008 8:57am
where is lilmoe and Karmostarji,and the others.....
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