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

  • #163,541
  • Mar 3, 2009 12:27pm Mar 3, 2009 12:27pm
Quoting 5ysfx
tight range
breakout soon

stochs and momentum favour upside atm

also price action does ....looks like rising wedge on 15 min with higher low pivots and top at 138.50

would not be surprised to see test 140 later

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Blogging daily now at www.volume.zone
  • #163,542
  • Mar 3, 2009 12:27pm Mar 3, 2009 12:27pm
G working great
"Millionaires don't use astrology, billionaires do"
  • #163,543
  • Mar 3, 2009 12:31pm Mar 3, 2009 12:31pm
Quoting forexlion
please do not make it shorter than that
u my friend r a fool!
u keep me in stiches whith r twisted sense of humor - stop it-just stop it -
  • #163,544
  • Mar 3, 2009 12:32pm Mar 3, 2009 12:32pm
Quoting forexlion
If 138.60 breaks, I go long to test the highs of 141.74 again, else, there are 25% chances we short back to 136.14

lets see how things go

today i have avoided the markets entirely, and had the whole day to waste.
we all see that -
  • #163,545
  • Mar 3, 2009 12:38pm Mar 3, 2009 12:38pm
Quoting forexlion
please do not make it shorter than that

  1. 136.50
  2. 134.50
  3. 132.34

only

  • #163,546
  • Mar 3, 2009 12:39pm Mar 3, 2009 12:39pm
Quoting OrionsWay
G working great
  • #163,547
  • Mar 3, 2009 12:40pm Mar 3, 2009 12:40pm
Quoting forexlion
If 138.60 breaks, I go long to test the highs of 141.74 again, else, there are 25% chances we short back to 136.14

lets see how things go

today i have avoided the markets entirely, and had the whole day to waste.
was wondering what is the problem
  • #163,548
  • Mar 3, 2009 12:44pm Mar 3, 2009 12:44pm
Seems like noone is using ichimoku?
  • #163,549
  • Mar 3, 2009 12:57pm Mar 3, 2009 12:57pm
Quoting l6pp
Seems like noone is using ichimoku?
bless you ....
Blogging daily now at www.volume.zone
  • #163,550
  • Mar 3, 2009 1:03pm Mar 3, 2009 1:03pm
I am bored .. your bored .. lets put on act 1 of our daily show for the crowd here ..lol

waiting for last hour ... gj barely holding 138 at the moment .. ES could be testing market lows before a late market move back above 700
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  • #163,551
  • Mar 3, 2009 1:08pm Mar 3, 2009 1:08pm
Whats up Qqqqqq. whats the deal yo where have u been. Whats the deal with EU and UJ seems like world is coming to an end and dollar is becoming the safe hevan. Not good for retailers i guess
  • #163,552
  • Mar 3, 2009 1:15pm Mar 3, 2009 1:15pm
i have a feeling were gonna see a dow meltdown the last hour or so

piece of bad news after the other

just by lookin at a 1 min geppy chart u can see any rallies is being sold the crap down
in my opinion serious sellers waiting for the right moment

tonight/tomorrow
  • #163,553
  • Mar 3, 2009 1:21pm Mar 3, 2009 1:21pm
Quoting boxingislife
i have a feeling were gonna see a dow meltdown the last hour or so

piece of bad news after the other

just by lookin at a 1 min geppy chart u can see any rallies is being sold the crap down
in my opinion serious sellers waiting for the right moment

tonight/tomorrow


could be we gone into tight range right now ..... 138.30 capping range and as you said on 3 min charts there are sellers sitting there.

ES trying to break 700 but sellers hitting her down.

we are still ranging ... maybe a 150 pips drop ... but not 1000 like some are calling for ....this is one hell of a range bound market and intraday ueor / us overlap and thru us session she has moved 700 pip in clear ranges
Blogging daily now at www.volume.zone
  • #163,554
  • Mar 3, 2009 1:26pm Mar 3, 2009 1:26pm
Looks like G/J is in a "squeeze play" right now.

The 4 hour (chart #1) is ranging within a flag, but the flag is on a collision course with the lower trend line if the upper TL holds. Price has been closing below the Gann and above the 4H 50ema.

The 1 hour (chart #2) is consolidating, with price currently above both the Gann and the 1H 50ema.

The 15 minute (chart #3) appears to be consolidating in an ascending triangle or wedge, with price currently above both the Gann and the M15 50ema.

The Dow has been slowly rising during the past hour or so. Let's see if that makes any difference. If it turns into a decent rally, we could have a break above these consolidation ranges.
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  • #163,555
  • Mar 3, 2009 1:29pm Mar 3, 2009 1:29pm
sp 500 is moving up

c'mon beast
  • #163,556
  • Mar 3, 2009 1:32pm Mar 3, 2009 1:32pm
yea ur right
no way we go down big pips unless we break multiple areas of support and theyr gonna be strong

on the downside my target is mid 135s and this is a bit on the over extended side.

still far away from any points where serious moves could be triggered

the 1h kinda looks flaggy with rsi stalling around the 60 level which is the right retracement area for a down move

wll see
  • #163,557
  • Mar 3, 2009 1:38pm Mar 3, 2009 1:38pm
Quoting boxingislife
yea ur right
no way we go down big pips unless we break multiple areas of support and theyr gonna be strong

on the downside my target is mid 135s and this is a bit on the over extended side.

still far away from any points where serious moves could be triggered

the 1h kinda looks flaggy with rsi stalling around the 60 level which is the right retracement area for a down move

wll see

15 min still says break to upside . i do not foresee 135 on gj .... i see 141 test before 135 ...

I am trading the range 136 to 136.50 right now ....

es trade above 700 going well
Blogging daily now at www.volume.zone
  • #163,558
  • Mar 3, 2009 1:48pm Mar 3, 2009 1:48pm
Quoting vinesh2
Whats up Qqqqqq. whats the deal yo where have u been. Whats the deal with EU and UJ seems like world is coming to an end and dollar is becoming the safe hevan. Not good for retailers i guess
whatz-up bro. . . EU has been good to me this a.m. - long at 1.2525/30 area and looking to take profit on a test of 1.29/30 or even higher is a couple of days. . . where u been hiding bro? I've been here babbling with the gang here you making them green pips?
  • #163,559
  • Mar 3, 2009 1:54pm Mar 3, 2009 1:54pm
Seems like several people wanting GBP/JPY to break up, but price action is extremely unconvincing. How many shots have we taken at this 138.40/50 range in the last few hours? Each one becomes less and less exciting.

The 1 hour is overbought and just waiting to crater in my opinion. I see a drop to the high 135s or low 136s followed by a bounce to maybe the 137.50 area only to gain steam and push down through this uptrend line that everyone knows about.

I know everyone is getting off to this "bull flag" on the four hour, but lets keep things in perspective. Take a look at the daily, that's one massive downtrend. Nobody is talking about the entire move from 119 to 141 as being a bear flag? Why not? Yes, I understand until the lower trend line here is broken we can't look lower, but keep it in mind. The most lucrative trades are being able to spot the big money before it's obvious.

It is hard to believe that the downtrend is reversed so quickly, the economy is only worsening and a recovery in GBP/JPY seems premature here.
  • #163,560
  • Mar 3, 2009 1:57pm Mar 3, 2009 1:57pm
Quoting malcolmb14
15 min still says break to upside . i do not foresee 135 on gj .... i see 141 test before 135 ...

I am trading the range 136 to 136.50 right now ....

es trade above 700 going well
wouldn't get to comfortable with the upside. . .
hidden divergence on daily says something totally diiiiiiiiiiiiiffffffffffffffffffffeeeeeeeeernt!

wonka-wonka!
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