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

  • #162,321
  • Feb 25, 2009 10:12am Feb 25, 2009 10:12am
Quoting Piters
Yes, I believe that we are DUE to retest 50 ema on 5 min and 15 min.. What I am looking is the PA.. so far failed 2-3 times to test 5min 50 ema..

now DOW is on Daily S1, and GY is on Weekly R1.

Are we are testing 140 levels again soon, wow. dont know.. we have to see first testing the 5min and 15 min [50 emas] and look at the PA..

From the other hand, if we retrace now, and close above the 4H gann [mine is crossed, but not confrmed Yet], than is a clear signal that we Go up.. and probably retest 140 levels.. and more.

BUT if we close bellow...
Thank you Piters!
  • #162,322
  • Feb 25, 2009 10:21am Feb 25, 2009 10:21am
Quoting Piters
you thing the wave 2 is here mate? on 141,70.. possible.. if that is the case, we are Up to wave 3 with target lower then 127..

P if price violates jan 7th hi which it has we are in for 3 large swings north with the current swing off the LO only being part of the first one IMO
"Millionaires don't use astrology, billionaires do"
  • #162,323
  • Feb 25, 2009 10:32am Feb 25, 2009 10:32am
If this hourly candle closes above 139, I'm closing my short and look to go long again. UJ has broken out to the upside.
  • #162,324
  • Feb 25, 2009 10:40am Feb 25, 2009 10:40am
sorry i will refrain

i will say u can buy the lo below the current lo though on 15m
because unless 139.52 hi is discarded a new lo is inevitable
"Millionaires don't use astrology, billionaires do"
  • #162,325
  • Feb 25, 2009 11:52am Feb 25, 2009 11:52am
Down again, down...
My edge ===> Patience
  • #162,326
  • Feb 25, 2009 12:06pm Feb 25, 2009 12:06pm
Now...only H4 & H1 TF could tell us when we can long again. I will not short this pair even though I got the sell signal. Now I'm waiting H1 & H4 totally oversold.
  • #162,327
  • Feb 25, 2009 12:16pm Feb 25, 2009 12:16pm
Very noobie question here. PB how do you know that 1h and 4h are very oversold - could you pls tell me how you got there? Thanks.
  • #162,328
  • Feb 25, 2009 12:33pm Feb 25, 2009 12:33pm
Quoting PandoraBox
Now...only H4 & H1 TF could tell us when we can long again. I will not short this pair even though I got the sell signal. Now I'm waiting H1 & H4 totally oversold.

yeah she is still showing some signs of life. ive been out almost all week and just getting back to it trying to figure out a direction but is proving to be difficult, im sick so i wanna swing trade something and take my a&& back to bed.

if she makes it down to 13700 area should have some good support might be enough to get a good entry in on a long for another run to the upside should everythingh else look right.
  • #162,329
  • Feb 25, 2009 12:34pm Feb 25, 2009 12:34pm
Down baby, down GJ down..... down like GU
My edge ===> Patience
  • #162,330
  • Feb 25, 2009 12:36pm Feb 25, 2009 12:36pm
i'm targeting this to hit around 136.50 around the TL.

views anyone.
Attached Image (click to enlarge)
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  • #162,331
  • Feb 25, 2009 12:37pm Feb 25, 2009 12:37pm
Quoting Pips_Cruiser
Regarding G/J, I see the 4 hour QQE has worked it's way into overbought territory (70+). When it does this, we tend to get a retrace. See below.

But you never for sure . . . now that the daily chart is backing things up, it might have enough legs to continue. I'll be watching for a break below the 24 hour price channel, or above the 141.50 resistance for clues.
Counting this time, the 4H QQE has become "overbought" 3 times in the past 4 months. Regardless of whether "overbought" is a good phrase for describing it or not, it's defined as the solid RSI line reaching 70 or higher. The previous 2 times this happened, price retraced to the lower trend line.
Attached Image (click to enlarge)
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  • #162,332
  • Feb 25, 2009 12:37pm Feb 25, 2009 12:37pm
Quoting hwsv07
i'm targeting this to hit around 136.50 around the TL.

views anyone.

thats a good call that rising LTL is what i was looking to go long on depending on PA and what everything else is looking like.
  • #162,333
  • Feb 25, 2009 12:38pm Feb 25, 2009 12:38pm
Does anybody know where are Lilmoe and Dr. G? It's a long time I've not heard of them ...
Discipline + Patience - Fear - Greed = Success
  • #162,334
  • Feb 25, 2009 12:41pm Feb 25, 2009 12:41pm
Quoting arezab
Does anybody know where are Lilmoe and Dr. G? It's a long time I've not heard of them ...
what about that guy Que with the skull in the hood too?
  • #162,335
  • Feb 25, 2009 12:41pm Feb 25, 2009 12:41pm
Quoting arezab
Does anybody know where are Lilmoe and Dr. G? It's a long time I've not heard of them ...
ask malcolmb
  • #162,336
  • Feb 25, 2009 12:43pm Feb 25, 2009 12:43pm
These were the targets I mentioned earlier..

PT1: 138.89
PT2: 137.14
PT3: 134.31

Hope that helps..

B.
  • #162,337
  • Feb 25, 2009 12:43pm Feb 25, 2009 12:43pm
GJ has a tendency to return back to 138.50, which translates into a launch pad for a major move.
  • #162,338
  • Feb 25, 2009 12:45pm Feb 25, 2009 12:45pm
These were the targets I mentioned earlier..

TP1: 118.89
TP2: 97.14
TP3: 34.31

Hope that helps..
  • #162,339
  • Feb 25, 2009 12:46pm Feb 25, 2009 12:46pm
Free Advice:

Trade the chart and not what you want to happen or think will happen.
Trade what you see, not what you think.
  • #162,340
  • Feb 25, 2009 12:47pm Feb 25, 2009 12:47pm
Quoting karmostaji
QQE and Gann don't lie.
I could not disagree more. For the sake of those new to these indicators. Having created an EA for those indicators, I can tell you with no hesitation that the QQE and Gann are tremendously unstable and fickle in ranging markets. Not only that, when the market is trending they let you enter a trade when the trend is already well underway. Sudden changes in price momentum are not easily handled by both qqe and gann.

Its important to recognize that just about any indicator will yield a good performance in a trending market, as we are having now. The real test of a trending indicator is not when a market is trending strongly, but how it responds to the weak trends and sideways markets

For those using qqe and gann they MUST, filter the trade signals with moving averages, e.g. 50 ema , fibs , pivots, trendlines etc.
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