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

  • #161,461
  • Feb 19, 2009 4:27pm Feb 19, 2009 4:27pm
Quoting malcolmb14
you have to watch price action ... see any funny business in the middle of a range .. like reversal dojis or really high volume bars and a doji ... then liekly the ranging conditions are coming to an end. Also keep those stops tight at the top and bottom of ranges . i also move stops to +1 as soon as I have 10 pips profit off top of a range ... then i have stress free traidng

Today was very easy ... was like the cash cow traidng the 135.1 to 134.50 range. Not every day is like this
thanks again for sharing.
"Don't trade to trade . . . trade to win." - James16
  • #161,462
  • Feb 19, 2009 4:37pm Feb 19, 2009 4:37pm
looks like geppy is giving us the finger on the 15min chart - well right back at ya bitch
  • #161,463
  • Feb 19, 2009 4:40pm Feb 19, 2009 4:40pm
Do I see bearish div on the 1hr U/J chart?
  • #161,464
  • Feb 19, 2009 4:46pm Feb 19, 2009 4:46pm
Today i dont think the price will go more higher than last night. I think the price will play around that circle. Sell is running and i put target at 61.8 and 88.6 (blue). Hope this is work
Attached Image (click to enlarge)
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  • #161,465
  • Feb 19, 2009 4:52pm Feb 19, 2009 4:52pm
Quoting cohiba pips
looks like geppy is giving us the finger on the 15min chart - well right back at ya bitch

lol .. cracked me up
Blogging daily now at www.volume.zone
  • #161,466
  • Feb 19, 2009 4:56pm Feb 19, 2009 4:56pm
This looks like a shake out....baby

i really would not be surprised if she decided to run all the way back to 127 ( just in case i have moved my SL)

...this looks like a classic case of chicken....baby...suck in seller ...delay buyer and whhof before you can say..."pass me the donut"
  • #161,467
  • Feb 19, 2009 4:57pm Feb 19, 2009 4:57pm
Quoting Mr.Sabah
Today i dont think the price will go more higher than last night. I think the price will play around that circle. Sell is running and i put target at 61.8 and 88.6 (blue). Hope this is work

1) we hit weekly GANN to the pip and got rejection
2) uj has bearish div on 60 min rsx
3) the 4 hour gj has a classic 2 candle reversal top formation

I think we may well see a move down on GJ in the near term

Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 23 KB
Blogging daily now at www.volume.zone
  • #161,468
  • Feb 19, 2009 5:00pm Feb 19, 2009 5:00pm
Quoting malcolmb14
1) we hit weekly GANN to the pip and got rejection
2) uj has bearish div on 60 min rsx
3) the 4 hour gj has a classic 2 candle reversal top formation

I think we may well see a move down on GJ in the near term

Attachment
Nice you see that DIV too. weeeee!
  • #161,469
  • Feb 19, 2009 5:14pm Feb 19, 2009 5:14pm
Quoting malcolmb14
1) we hit weekly GANN to the pip and got rejection
2) uj has bearish div on 60 min rsx
3) the 4 hour gj has a classic 2 candle reversal top formation

I think we may well see a move down on GJ in the near term

Attachment

...and UJ should be has reach the top and start moving down
Attached Image (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 22 KB
  • #161,470
  • Feb 19, 2009 6:00pm Feb 19, 2009 6:00pm
I love this time of day, usually a few easy pips. A little piece of advice, not a trading strategy:

Bring up a M15 chart, plot the EMA50, look at the GMT hours between 23.30 and 00:15. Looks like a magnet doesn't it, go back a couple weeks, it repeats itself most of the time.
{Some Profound Statement goes here}
  • #161,471
  • Feb 19, 2009 6:11pm Feb 19, 2009 6:11pm
GJ bounced and is rising again, after the NK opened and started tanking
  • #161,472
  • Edited 6:52pm Feb 19, 2009 6:39pm | Edited 6:52pm
hi all!
good move in gj today - price action on all pairs gave lots of easy pips today.

gj is now sitting ar'd the 23.6% fib from the move started @ 127.13 area
it's also sitting below the 1hr gann hi/lo and looks poised to test 4hr gann hi/lo and 4hr 55 ema located at 133/132 price point respectively.

malcom is correct in saying price was rejected from the weekly gann hi/lo to the pip.

what i'm looking at is a break below daily sma will target daily gann hi/lo @ 130 with some support on the 4hr chart at 133 4hr gann hi/lo and 132 4hr 55 ema. . . a closed below either of these support points will target daily gann @ 130 area as mentioned. . .

I believe a close below 4hr gann hi/lo spells reversal for the pair short-term-will have to wait to see how this plays out. . .

I'm short a bunch at 136 waiting to see how this plays out. GU should lead the way as it looks very bearish right now but UJ will ultimatley be the deciding factor.

If UJ breaks down below 94 area then it could lead GJ and other crosses down for a short-term reversal. . .
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 24 KB
  • #161,473
  • Feb 19, 2009 6:50pm Feb 19, 2009 6:50pm
Quoting quecee5
hi all!
good move in gj today - price action on all pairs gave lots of easy pips today.

gj is now sitting ar'd the 23.6% fib from the move started @ 127.13 area
it's also sitting below the 1hr gann hi/lo and looks poised to test 4hr gann hi/lo and 4hr 55 ema located at 133/132 price point respectively.

malcom is correct in saying price was rejected from the weekly gann hi/lo to the pip.

what i'm looking at is a break below daily sma will target daily gann hi/lo @ 130 with some support on the 4hr chart at 133 4hr gann hi/lo and 132 4hr 55 ema....
UJ has been persistantly resistant against the downside lately. I'm same with you Que, Short 135.88 with my first TP around 132. Placed that order last night just before i went to sleep and haven't touched it since

Also take note people. DJ has closed at the lowest level in 6 yrs surpassing the Nov lows.
  • #161,474
  • Feb 19, 2009 6:53pm Feb 19, 2009 6:53pm
Quoting Eulogy
UJ has been persistantly resistant against the downside lately. I'm same with you Que, Short 135.88 with my first TP around 132. Placed that order last night just before i went to sleep and haven't touched it since

Also take note people. DJ has closed at the lowest level in 6 yrs surpassing the Nov lows.
Yeah UJ is on some something lol, 4 straight days with no real pull back. Friday's up, so let's see some profit taking and some tanking, I hope
  • #161,475
  • Feb 19, 2009 6:59pm Feb 19, 2009 6:59pm
Quoting Eulogy
UJ has been persistantly resistant against the downside lately. I'm same with you Que, Short 135.88 with my first TP around 132. Placed that order last night just before i went to sleep and haven't touched it since

Also take note people. DJ has closed at the lowest level in 6 yrs surpassing the Nov lows.
yeah im thkn 133 will be tested at least perhaps 132 on a break. it will all depend on if UJ respects the resistance up at 94.60 area. if there is a barrier there being protected we could see a pull back in UJ to at least 93.30 area.

If thats the case then the pull back in GJ could be limited. a break in UJ below 93.30 could imply a reversal in the cross pairs short-term.

again, GU may have a deeper pull back as it looks poised to take a dive back to support at 1.4040 area which could limited GJ's move higher for now.

will have to wait and see how this plays out. . . as of this writing GU looks like it want to test support below so a move lower in GJ looks to be forth coming.
  • #161,476
  • Feb 19, 2009 7:08pm Feb 19, 2009 7:08pm
Quoting quecee5
yeah im thkn 133 will be tested at least perhaps 132 on a break. it will all depend on if UJ respects the resistance up at 94.60 area. if there is a barrier there being protected we could see a pull back in UJ to at least 93.30 area.

If thats the case then the pull back in GJ could be limited. a break in UJ below 93.30 could imply a reversal in the cross pairs short-term.

again, GU may have a deeper pull back as it looks poised to take a dive back to support at 1.4040 area which could limited GJ's move higher for now.

will have to wait and...
On a fundamental note, i'm thinking the recent strength in the USD has more to do with the Obama administration splurge-a-thon than an actual revival in the economy. On the Friday previous Geither announced $1.5trillion in loans, Tuesday we had $787 billion, Wednesday $275 billion along with the GM request for more loans which they'll most likely get since Politicians and Execo's virtually share the same pair of pants. All this money means massive net inflows of the USD.

Don't forget that "Buy America" protectionist clause would also have seen a reaction.
  • #161,477
  • Feb 19, 2009 7:16pm Feb 19, 2009 7:16pm
Quoting Eulogy
On a fundamental note, i'm thinking the recent strength in the USD has more to do with the Obama administration splurge-a-thon than an actual revival in the economy. On the Friday previous Geither announced $1.5trillion in loans, Tuesday we had $787 billion, Wednesday $275 billion along with the GM request for more loans which they'll most likely get since Politicians and Execo's virtually share the same pair of pants. All this money means massive net inflows of the USD.

[b][Don't forget that "Buy America" protectionist clause would also have...


eventually reality will set in and people will realize and ask themselves the question "how in the hell are we going to pay for this" - answer: RAISE TAXES!

That will be the catalyst for the downturn and we will see these pairs drop like a rock! surely the stock market will not like this because there will be less disposable incoming flowing into the market!
  • #161,478
  • Feb 19, 2009 7:20pm Feb 19, 2009 7:20pm
here is a GU chart I'm watching (4hr chart)
we did not get a 4hr close above the 55 ema and it appears right now it was rejected from the 55 ema at a glance. right now its being supported by the 4hr gann hi/lo but that could change sooner rather than later. a break and close below gann would put GJ long positions at risk.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gu chart.gif Size: 29 KB
  • #161,479
  • Feb 19, 2009 7:26pm Feb 19, 2009 7:26pm
hi q,

any thoughts on eu?
i see a morning star pattern in daily chart.
  • #161,480
  • Feb 19, 2009 7:26pm Feb 19, 2009 7:26pm
pkimnyc -

what are u seeing bro?
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