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

  • #163,441
  • Mar 3, 2009 1:39am Mar 3, 2009 1:39am
Quoting england33
what i don't like is how the japanese want the yen lower. but maybe their out of bullets..
GU is still very weak plus 1h bear flag on 1h, so that TL on GJ could break, Daily gann coincides with the 4h tl

so if it breaks, be ready with a sell
Trade what you see, not what you think.
  • #163,442
  • Mar 3, 2009 1:44am Mar 3, 2009 1:44am
Quoting karmostaji
GU is still very weak plus 1h bear flag on 1h, so that TL on GJ could break, Daily gann coincides with the 4h tl

so if it breaks, be ready with a sell
that would mean general pound weakness. it should be interesting.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #163,443
  • Mar 3, 2009 1:53am Mar 3, 2009 1:53am
Price made a full 50% retrace right to the broken TL in confluence with 1hr 50ema. Nice quick drop from the broken TL. Posted a screenshot at my journal
  • #163,444
  • Mar 3, 2009 1:58am Mar 3, 2009 1:58am
I am thinking it's time to go north, the charts seem to back this up at least on gbpjpy

I also can't really see to much resistance up to 138.70 anybody else agree
99% of Traders fail, so don't follow the herd
  • #163,445
  • Mar 3, 2009 2:08am Mar 3, 2009 2:08am
Quoting karmostaji
The chart speaks for itself, as long as that TL holds, no shorts for me.
chart....
Attached Image (click to enlarge)
Click to Enlarge Name: xxx1.gif Size: 41 KB
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #163,446
  • Mar 3, 2009 2:24am Mar 3, 2009 2:24am
might be ping pong today
pound is weak
yen seems weaker even

137-139 range

Got long from under 136 area(ema14/50 daily) so i hope stox will push price above 139-140 resistance area(sma200)

Overall looks like bullflag for 155 target in coming days
Good luck
Attached Image
  • #163,447
  • Mar 3, 2009 4:59am Mar 3, 2009 4:59am
I should put at least 137.70 as per Q...anyway will try to recover this mistake lol..

Anyway Hit another 138.5 sell limit and I'll put another sell [email protected]

With left this 2 lot I will take @ 136.40 first

H1 look very nice pin bar and watch up for second bar lol...
Attached Image (click to enlarge)
Click to Enlarge Name: Current H1 chart.JPG Size: 147 KB
  • #163,448
  • Mar 3, 2009 5:23am Mar 3, 2009 5:23am
hi everyone...hope GJ is not behaving like a little brat...baby

I'm still bullish ..long term...added more longs @ 136....

we are in a bull flag...

chat later ...busy...busy ...busy...baby
  • #163,449
  • Mar 3, 2009 5:39am Mar 3, 2009 5:39am
where is the bottom of this bull flag? this things looks about as bullish as a chicago football game....
  • #163,450
  • Mar 3, 2009 5:42am Mar 3, 2009 5:42am
hard to say but i'm long i think it is going to turn.

its battling against london in the red
99% of Traders fail, so don't follow the herd
  • #163,451
  • Mar 3, 2009 5:44am Mar 3, 2009 5:44am
hi everyone...hope GJ is not behaving like a little brat...baby

I'm still bullish ..long term...added more longs @ 136....

we are in a bull flag...

chat later ...busy...busy ...busy...baby
  • #163,452
  • Mar 3, 2009 5:49am Mar 3, 2009 5:49am
50 fib of most recent up move....

still more downward movement???
  • #163,453
  • Mar 3, 2009 5:49am Mar 3, 2009 5:49am
Quoting cancunkev
where is the bottom of this bull flag? this things looks about as bullish as a chicago football game....

133 area looking like bottom...if we close significantly below this..then that's it for long term longs...baby...

however until i see i significant close below that level...i'm still bullish baby...

NOTE: I've got long term targets
  • #163,454
  • Mar 3, 2009 5:57am Mar 3, 2009 5:57am
Quoting Big Bruv

133 area looking like bottom...if we close significantly below this..then that's it for long term longs...baby...

however until i see i significant close below that level...i'm still bullish baby...

NOTE: I've got long term targets
i'm not sure but i think there's more downside but how much is the million dollar question.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #163,455
  • Mar 3, 2009 5:59am Mar 3, 2009 5:59am
supporting 4h TL is at 136.20, if it breaks then down she goes...

Daily gann is 135, a daily close below that level and byebye bulls...
Trade what you see, not what you think.
  • #163,456
  • Mar 3, 2009 6:02am Mar 3, 2009 6:02am
hey karm...

are you expecting a break lower? or a retest of the UTL and a possible upside breakout?
  • #163,457
  • Mar 3, 2009 6:09am Mar 3, 2009 6:09am
things look pretty gloomy for the U.S. but i think today might be a reversal day. time will tell.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #163,458
  • Mar 3, 2009 6:16am Mar 3, 2009 6:16am
Quoting england33
things look pretty gloomy for the U.S. but i think today might be a reversal day. time will tell.

England, in your previous chart be careful of the scale u use when using that gann fan its not a good one. Best is to sqaure the range or a range u are planning to work off of x=# of pips(price) y=#of bars(time) and work from there. This will produce the results you seek.
"Millionaires don't use astrology, billionaires do"
  • #163,459
  • Mar 3, 2009 6:19am Mar 3, 2009 6:19am
pa is bearish on 4h.
  • #163,460
  • Edited 6:30am Mar 3, 2009 6:19am | Edited 6:30am
close all shorts on the run down for now. . . gj failed to put in a lower low at this point so I'm sitting on the sidelines for now didn't like the PA so far this a.m.

the daily support at 55 ema is what concerns me - will watch PA to see where it takes us. also, that higher low is looming so until it breaks and we get a daily clse below 55 ema sideline it is!

There are better set-ups on other pairs developing nicely such as EU - double bottom so I'll look to it in the interim!
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