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

  • #161,521
  • Feb 19, 2009 11:10pm Feb 19, 2009 11:10pm
Still hold my sell on GU. This is 4H chart. I think 61.8 (red) not complete been touch. Hold my sell to 61.8 (red) or atleast 78.6 (blue). Look like GBP is weak right now coz UJ still not shown much move.
Attached Image
  • #161,522
  • Edited 11:25pm Feb 19, 2009 11:14pm | Edited 11:25pm
Stochastics H4 has crossed and curled over from the overbought 80 line

co-incidently the D1 has done so as well.
  • #161,523
  • Feb 19, 2009 11:15pm Feb 19, 2009 11:15pm
Quoting cohiba pips
this is a good point about trading now my rsx looks totally different

and therefore we get and trade in different directions which is really important

because if i had your rsx line id probably move up to the 1hr time frame check

the 4hr and see if the div will/ could play out whats more powerful after all

so i would like to know your rsx setting then i might get a similar picture

but if we break the 1hr 50 ema then we r going down and the 15min div

will be invalid - lets see what happens

I doubt it will just drops .. if it does in Frankie .. liekly head fake,.

I expect it may bounce up to daily pivot at 134.57 , then maybe down form there.

The thing is uj right on 94 now, so the down move will have to come from GU , as it did last night
Blogging daily now at www.volume.zone
  • #161,524
  • Feb 19, 2009 11:29pm Feb 19, 2009 11:29pm
Quoting malcolmb14
I doubt it will just drops .. if it does in Frankie .. liekly head fake,.

I expect it may bounce up to daily pivot at 134.57 , then maybe down form there.

The thing is uj right on 94 now, so the down move will have to come from GU , as it did last night
off course they will play their games and we will hope etc etc who knows - whats your rsx setting
would be useful to see a similar picture
  • #161,525
  • Feb 19, 2009 11:31pm Feb 19, 2009 11:31pm
Quoting cohiba pips
off course they will play their games and we will hope etc etc who knows - whats your rsx setting
would be useful to see a similar picture

set mine to 10
Blogging daily now at www.volume.zone
  • #161,526
  • Feb 19, 2009 11:35pm Feb 19, 2009 11:35pm
Quoting Mr.Sabah
Still hold my sell on GU. This is 4H chart. I think 61.8 (red) not complete been touch. Hold my sell to 61.8 (red) or atleast 78.6 (blue). Look like GBP is weak right now coz UJ still not shown much move.
hi mr. sabah, can u pls post that of gj? thanks.
  • #161,527
  • Feb 19, 2009 11:40pm Feb 19, 2009 11:40pm
133.50 critical levle ..... 50 ema on 60 min and 4 hour gann ..... and point of control from yesterday ( max volume price)
Blogging daily now at www.volume.zone
  • #161,528
  • Feb 19, 2009 11:42pm Feb 19, 2009 11:42pm
Quoting malcolmb14
set mine to 10
i give up i moved it down from 24 to 10 and still the picture is different

anyway i dont want to bore others here so im off for a two hour sleep

and mals div doesnt play out and if it doesnt ill be asking for a reason lol

take it easy gang

  • #161,529
  • Feb 20, 2009 12:08am Feb 20, 2009 12:08am
Quoting fammira
putting my 2 cents at 133,72

if the ex resistance area, now support, can keep the pressure maybe it can move up again

watch USDJPY 94,60 area as indicative

I am in for a small long, let's wait

keep a watch at the 133,50 area
  • #161,530
  • Feb 20, 2009 12:18am Feb 20, 2009 12:18am
Quoting fammira
I am in for a small long, let's wait

keep a watch at the 133,50 area
u may right on that long. . .

15min chart suggest price may travel back up to 134.15 area but 4hr chart still looks like there is significant price pressure to the down side.

here is what I'm watching
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 15 KB
  • #161,531
  • Feb 20, 2009 12:25am Feb 20, 2009 12:25am
I will try to close at 134,37 since I also think it's safer for now
  • #161,532
  • Feb 20, 2009 12:40am Feb 20, 2009 12:40am
sllooooooooooooooooowwwwwwww marrrrrrrket today
  • #161,533
  • Feb 20, 2009 12:52am Feb 20, 2009 12:52am
Quoting rogerdoger
sllooooooooooooooooowwwwwwww marrrrrrrket today
Been nice trading the Aussie weakness as a backup
History is written by the victors.
  • #161,534
  • Feb 20, 2009 12:56am Feb 20, 2009 12:56am
Quoting rogerdoger
sllooooooooooooooooowwwwwwww marrrrrrrket today
looks more like positioning going on. . .
although an upside wave looks to be forthcoming I still favor shorts until I see price get back above the DP @ 134.60 area.

also the fact that we now have two 4hr closes below the last support area at 134.50 area and also support at 135.50 leads me to believe that price is headed for a trip south even if we see a re-test of the daily pivot.

on daily s1 = 132.80. . . a break there sees down to 131 area easily. . .
also notice that 1hr gann hi/lo is falling lower and lower on each 1hr close below 1hr 5sma. . .

also it seems to be continued pressure to push price below 4hr gann hi/lo.

of course this could change in a blink of an eye but the charts display increase pressure to the down side for now - just a slow grind.

a typically when price spikes up with sharp moves the down trot are almost always choppy.

my 2 cents
  • #161,535
  • Feb 20, 2009 1:07am Feb 20, 2009 1:07am
also on 1hr chart we have another close below 5 sma but price sure looks like its making every effort to turn upwards. . . bulls are definitely in the market but could be running out of steam for the moment.

could go either way at this point - nonetheless its a wait and see game at this point!
  • #161,536
  • Feb 20, 2009 1:17am Feb 20, 2009 1:17am
gu struggling to hold 1.42 figure if it goes we could price accelerate to the downside!
  • #161,537
  • Feb 20, 2009 1:21am Feb 20, 2009 1:21am
Quoting quecee5
gu struggling to hold 1.42 figure if it goes we could price accelerate to the downside!

feels like fake out .....maybe i am wrong ....

but pa to down side not that strong .... considering DAX broke yesterdays lows

133.50 hold we see 137 in US session
Blogging daily now at www.volume.zone
  • #161,538
  • Feb 20, 2009 1:29am Feb 20, 2009 1:29am
Quoting malcolmb14
feels like fake out .....maybe i am wrong ....

but pa to down side not that strong .... considering DAX broke yesterdays lows

133.50 hold we see 137 in US session
no doubt - could go either way at this point. . . 4hr gann hi/lo will be the deciding factor. if it's robust enough to hold this down side pressure then back up we go. . .

however uj looks a bit over extended on both 1hr and 4hr chart right now. and gu looks a bit weak and is threatening to break the 1.42 figure sooner rather than later. it had a lower close than yesterday on the daily so we could see it dip even lower today. . .

only time will tell. . . either way i'll trade it but just happen to be short right now looking for that swing trade -
  • #161,539
  • Feb 20, 2009 1:38am Feb 20, 2009 1:38am
Crap stopped out on my long just now

shouldve waited for a clear direction
  • #161,540
  • Feb 20, 2009 1:44am Feb 20, 2009 1:44am
a 1hr close below 55 ema on 1hr chart should provide additional pressure to the down side. . .
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