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

  • #148,201
  • Dec 11, 2008 12:12am Dec 11, 2008 12:12am
Quoting Piters
This is my post from before, what I am expecting,
http://www.forexfactory.com/showpost...0&postcount=82

but be carefull, trade only with confirmation, this is not a trade SIGNAL..

Thanks you, this makes scense... Watching it carefully.
  • #148,202
  • Dec 11, 2008 12:14am Dec 11, 2008 12:14am
where's everyone's UTL at? Mine's at 138.60

Pred
  • #148,203
  • Dec 11, 2008 12:14am Dec 11, 2008 12:14am
Short?
  • #148,204
  • Dec 11, 2008 12:18am Dec 11, 2008 12:18am
Quoting Pipsqueak
Short?
I'm waiting to see how it reacts to this daily UTL that it has been bouncing off of for over 2 months...

Pred
  • #148,205
  • Dec 11, 2008 12:18am Dec 11, 2008 12:18am
Quoting Piters
not realy recommended @ this time.

To have a BUY signal, we need:

1. liquidity on Market [London, NY session]
2. Confirmed Breakout [on 4H or more] on that Daily Upper Trend Line..
3. Confirmed Breakout on some S/R levels, like 50ema [4H],

My view is: that we are going to see some upward movement during Frankfurt session, but early London, we may see reversal, or Top.


thanks alot bro...........
  • #148,206
  • Dec 11, 2008 12:20am Dec 11, 2008 12:20am
The past 2 days trading has been tough for me, lost some pips

no clear direction, when you think down, it goes up LOL

so, trying to keep trading at minimum until this beast decides what it wants to do.
Trade what you see, not what you think.
  • #148,207
  • Dec 11, 2008 12:24am Dec 11, 2008 12:24am
Quoting karmostaji
The past 2 days trading has been tough for me, lost some pips

no clear direction, when you think down, it goes up LOL

so, trying to keep trading at minimum until this beast decides what it wants to do.
we are all losing pips BRO, specialy on days like yesterday. I made only few pips on that late selloff.. but was aside all the time.. Didn't liked that 15min bars in NY session.
  • #148,208
  • Dec 11, 2008 12:33am Dec 11, 2008 12:33am
expecting liquidity to drop off at least around the 15. of dec.
until 5.-7. january. so in these times expect even more BS moves.
  • #148,209
  • Dec 11, 2008 12:34am Dec 11, 2008 12:34am
What kind of PA was that!?
  • #148,210
  • Dec 11, 2008 12:35am Dec 11, 2008 12:35am
Quoting karmostaji
The past 2 days trading has been tough for me, lost some pips

no clear direction, when you think down, it goes up LOL

so, trying to keep trading at minimum until this beast decides what it wants to do.
This has been Rough for myself as well... and using every tool in my arsonal to try to get a handle on things... Mostly took the day off yesterday, since it was my Birthday and all. Now, I am just trying to get some sort of understanding of this Beast. So I can relate to what you're saying.
  • #148,211
  • Dec 11, 2008 12:42am Dec 11, 2008 12:42am
The only thing that is startling me is the strength in GBP and EUR while the oceanic currencies are suffering. If you just take a look at the PA and Price levels of EA and GA, it would usually suggest great tankage action. Instead, its just the European currencies shooting up while the AUD just sits there.
  • #148,212
  • Dec 11, 2008 12:51am Dec 11, 2008 12:51am
is it good idea to take short on 139 level
  • #148,213
  • Dec 11, 2008 12:54am Dec 11, 2008 12:54am
I have my target at 140.70 area which is the daily gann and Resistance

Thursday is known for big PA so I expected a nice pullback before a nice journey to a new low this friday or weekend..

The daily TL been broken but if the 141 range is not broken than it is a head fake...

Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 20 KB
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  • #148,214
  • Dec 11, 2008 12:58am Dec 11, 2008 12:58am
Quoting rgitt05
Overall the TL is bearish from the weekly to the 1hr chart..

The fundamentals are weak and this BS rally because of the bailout will fade away after this week....

Now on my chart 135.50 formed a double bottom so it is considered a SUPPORT....The PA will move to the least resistance..The 138.30 got rejected and I don't see any big news to move pass the 138.50 during asian time...

During the London time more bad news will probably test the 135.50 support and probably consolidate toward a new low friday or weekend..



Technically,

RSX is...
Now I can see it......thanks for your clearer chart.....nice analysis too......http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #148,215
  • Dec 11, 2008 1:02am Dec 11, 2008 1:02am
Quoting pkimnyc
rgitt,

i don't think daily tl is broken yet...
nop bro, and I see next target DPP and 50ema [1H]
  • #148,216
  • Dec 11, 2008 1:02am Dec 11, 2008 1:02am
Thanks but I could be wrong...



I have a hedge position on the pullback anyway...



Quoting Islander
Now I can see it......thanks for your clearer chart.....nice analysis too......http://www.forexfactory.com/images/icons/icon6.gif
[
  • #148,217
  • Dec 11, 2008 1:03am Dec 11, 2008 1:03am
Quoting rgitt05
I have my target at 140.70 area which is the daily gann and Resistance

Thursday is known for big PA so I expected a nice pullback before a nice journey to a new low this friday or weekend..

The daily TL been broken but if the 141 range is not broken than it is a head fake...


I think we may possibly be turning now... Can't be 100% sure though...but the bears may come out after all.
  • #148,218
  • Dec 11, 2008 1:04am Dec 11, 2008 1:04am
You are right I need to put on my glasses...

:nerd: I going to bed now..I have to get sleep




Quoting Piters
nop bro, and I see next target DPP and 50ema [1H]
[
  • #148,219
  • Dec 11, 2008 1:06am Dec 11, 2008 1:06am
Price bouncing off 4h 50ema
Trade what you see, not what you think.
  • #148,220
  • Dec 11, 2008 1:09am Dec 11, 2008 1:09am
i could be wrong.... but don't you guys think this pattern looks like what just happened in larger scale?
Attached Image (click to enlarge)
Click to Enlarge Name: gy_m30_12_10_08_2.gif Size: 25 KB
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