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

  • #162,721
  • Feb 27, 2009 6:19am Feb 27, 2009 6:19am
[quote=quecee5;2568583]
Quoting Raza

here is the trading plan i will be working from over the next couple of weeks.
daily looks way OB and is due for a touch of lower support on this daily chart.

any break of these support areas will turn into resistance and build momentum for a move lower. . . as long as the dp isn't breached a move lower is almost a given.

everything else in between I'll leave for the day traders as I have already positioned shorts up top 141.34 area and will be building more as we continue to break medium-term and major support areas.
another 4 hour scenario.
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Markets are not Random, they are designed!
  • #162,722
  • Feb 27, 2009 6:21am Feb 27, 2009 6:21am
Quoting OrionsWay
Looking to sell into the rally in geppy and yen

finding resistance, but think aqua above maybe a better reshort area

also no bottom break or top break as of yet perhaps builidng a contracting triangle with C complete if no break
similar plan bro -

I see a trip south to 137/136.80's (or lower) to complete 5 waves down if 139/139.30 area is not breached.. . . then we should see 3 waves up for a nice retrace/correction back up to check breached support areas below dp. that should make for a good set-up for another trip down to 135.50/135.00 area in the short-term. . . should consolidate/range there for a bit then a move down thereafter. . . 133/130/127 area. . .

a breach of 133.50 area which is weekly pivot for now will confirm a trip back to check support at 124 however a breach of 130/131 will possibly see a check of lower support (monthly s1) at 119 1st stop. . .

This will probably take a few weeks to play out but only time will tell. . .
  • #162,723
  • Feb 27, 2009 6:23am Feb 27, 2009 6:23am
Quoting quecee5
similar plan bro -

I see a trip south to 137/136.80's (or lower) to complete 5 waves down if 139/139.30 area is not breached.. . . then we should see 3 waves up for a nice retrace/correction back up to check breached support areas below dp. that should make for a good set-up for another trip down to 135.50/135.00 area in the short-term. . . should consolidate/range there for a bit then a move down thereafter. . . 133/130/127 area. . .

GET OUT of my head LOL
"Millionaires don't use astrology, billionaires do"
  • #162,724
  • Feb 27, 2009 6:24am Feb 27, 2009 6:24am
One final victory run into 138 / 137.75 and then return back to 141

The same pattern as wednesday.

Check 30 min charts.

Only a firm break of 137.70 will negate this view.

Enjoy the trade.
  • #162,725
  • Feb 27, 2009 6:26am Feb 27, 2009 6:26am
Quoting forexlion
One final victory run into 138 / 137.75 and then return back to 141

The same pattern as wednesday.

Check 30 min charts.

Only a firm break of 137.70 will negate this view.

Enjoy the trade.
Agree with you.. see charts 4 Hour scenario above.
Markets are not Random, they are designed!
  • #162,726
  • Feb 27, 2009 6:27am Feb 27, 2009 6:27am
Quoting OrionsWay
GET OUT of my head LOL
lol!
looking toward the long term bro, looking toward the long term. . .
  • #162,727
  • Feb 27, 2009 6:30am Feb 27, 2009 6:30am
Quoting gillybabe
And just to set the record straight - I am female, so do I still count as your bro??
As long as you belong to planet earth we are all brothers.

And Piters is a long term friend right from 2006 as he said, so I can joke with him.

Quoting gillybabe
I totally agree. Forexlion always posts these porn images as though anyone else is interested. Lion get a life!!!!
porn is nude, fully clothed is not porn.
  • #162,728
  • Feb 27, 2009 6:36am Feb 27, 2009 6:36am
Anyone looking at the futures??

with canada [north american market] open, we are having new LOW on YM [DOW]. = 7075
  • #162,729
  • Feb 27, 2009 6:38am Feb 27, 2009 6:38am
bs news already in the mix regarding Citi bank. .. futures are way down so we should see a drop on the open. . . but it is month end so we may visit dp after the drop with 3 waves up to take out weak shorts, should be swift. . .

from there say good-bye to those highs for weeks. . . this is month end so be careful and look to the longer tf's for direction. . . daytraders or scalper could get eaten alive today. . .
  • #162,730
  • Feb 27, 2009 6:38am Feb 27, 2009 6:38am
Quoting Piters
Anyone looking at the futures??

with canada [north american market] open, we are having new LOW on YM [DOW]. = 7075
lol - you posted it while I was writing. . .
  • #162,731
  • Feb 27, 2009 6:39am Feb 27, 2009 6:39am
the current GJ PA on 30 min is exact duplicate of wednesday, so those on short, make sure you have tight stops,

a break of 138.75 will take us straight into 141
  • #162,732
  • Feb 27, 2009 6:40am Feb 27, 2009 6:40am
Quoting quecee5
lol - you posted it while I was writing. . .
LOL..

but honestly, we are breaking that NL [137.70] even before NY opens... The preassure is Huge!!
The NEWS are not only from City or BOA, there is a huge dissap. from Obama buget plan.. No Quick fix.. seams that the very last resources are gone..
  • #162,733
  • Feb 27, 2009 6:41am Feb 27, 2009 6:41am
Quoting quecee5
bs news already in the mix regarding Citi bank. .. futures are way down so we should see a drop on the open. . . but it is month end so we may visit dp after the drop with 3 waves up to take out weak shorts, should be swift. . .

from there say good-bye to those highs for weeks. . . this is month end so be careful and look to the longer tf's for direction. . . daytraders or scalper could get eaten alive today. . .
good, so its best to call it a weekend now

thanks for the heads up.

cya folks
  • #162,734
  • Feb 27, 2009 6:47am Feb 27, 2009 6:47am
fresh round of fear building on ES Today is prolly a buy day in equities think we seen the lo's for the day


trying a long here 37.99 sl 67
"Millionaires don't use astrology, billionaires do"
  • #162,735
  • Feb 27, 2009 6:48am Feb 27, 2009 6:48am
Hi Folks,
How are you all? Yesterday evening also people were calling to buy GBP/GPY in 139-140 level ..............there is a possibility this will close below 130 by next week.........too bad I couldn't short around 139-140........

Thank you very much .........I learn from you guys , so i just wanted to express my take ..........
BANDA333
  • #162,736
  • Feb 27, 2009 6:48am Feb 27, 2009 6:48am
Quoting OrionsWay
fresh round of fear building on ES Today is prolly a buy day in equities think we seen the lo's for the day


trying a long here 37.99 sl 67
playing with the fire mate ?

you are brave !
  • #162,737
  • Feb 27, 2009 6:54am Feb 27, 2009 6:54am
Quoting Piters
playing with the fire mate ?

you are brave !


30 tic wager could be worth 100 or so +

the psychology is oppositie of what makes sense
"Millionaires don't use astrology, billionaires do"
  • #162,738
  • Feb 27, 2009 6:59am Feb 27, 2009 6:59am
Quoting BANDA
Hi Folks,
How are you all? Yesterday evening also people were calling to buy GBP/GPY in 139-140 level ..............there is a possibility this will close below 130 by next week.........too bad I couldn't short around 139-140........

Thank you very much .........I learn from you guys , so i just wanted to express my take ..........
an expert was giving a buy call in an obvious bear pattern, but i kept quiet, since i think even i could be wrong sometimes.
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  • #162,739
  • Feb 27, 2009 7:01am Feb 27, 2009 7:01am
opposite of sense is nonsense, but i could be wrong
  • #162,740
  • Feb 27, 2009 7:07am Feb 27, 2009 7:07am
Hey buddy
I think you made the correct call at appropriate time.
Thank you


Quoting forexlion
opposite of sense is nonsense, but i could be wrong
BANDA333
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