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

  • #164,741
  • Mar 9, 2009 8:12pm Mar 9, 2009 8:12pm
Quoting quecee5
Malcom,

I agree with u on this one. . . daily chart has been bearish since last week and macd has fallen below the zero line so a big drop is in works sooner rather than later a stated last week. . . just need the 50 ema to be breached and down it goes to 133 and 129. . .

Daily MACD still above zero line bro...only H1 and H4 MACD below zero line. But now, H1 totally oversold and exhausted.
  • #164,742
  • Mar 9, 2009 8:19pm Mar 9, 2009 8:19pm
Quoting PandoraBox
Daily MACD still above zero line bro...only H1 and H4 MACD below zero line. But now, H1 totally oversold and exhausted.
take a look at the histogram it is has a bar below the zero line which indicates that we are headed downward sooner rather later and the signal line is showing signs of topping and has crossed downward. . . just my take from reading the charts but only time will tell. . .
  • #164,743
  • Mar 9, 2009 8:20pm Mar 9, 2009 8:20pm
so are you on the sidelines waiting to short queece?
  • #164,744
  • Mar 9, 2009 8:22pm Mar 9, 2009 8:22pm
Quoting PandoraBox
Daily MACD still above zero line bro...only H1 and H4 MACD below zero line. But now, H1 totally oversold and exhausted.
also, the fact that the histogram is showing bearish divergence does not help the upward idea at all. . . I will be shorting rallies as price increases because a move lower is inevitable. . . JMHO!
  • #164,745
  • Mar 9, 2009 8:24pm Mar 9, 2009 8:24pm
Quoting hcruces
so are you on the sidelines waiting to short queece?


Waiting for signs of failure at the resistance levels posted. . .
  • #164,746
  • Mar 9, 2009 8:26pm Mar 9, 2009 8:26pm
probably going to see a sell-off before London enters as price does not look to have enough momentum to overcome resistance above. JMHO of course.
  • #164,747
  • Mar 9, 2009 8:27pm Mar 9, 2009 8:27pm
G, this is for you notice the placement and the angle, any of them anywhere provide high sensible sup/res furthered with the other affects you use
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"Millionaires don't use astrology, billionaires do"
  • #164,748
  • Mar 9, 2009 8:35pm Mar 9, 2009 8:35pm
Quoting quecee5
take a look at the histogram it is has a bar below the zero line which indicates that we are headed downward sooner rather later and the signal line is showing signs of topping and has crossed downward. . . just my take from reading the charts but only time will tell. . .
But MACD Signal line still above the zero line. I will consider bearish mode, when all below zero line.
  • #164,749
  • Mar 9, 2009 8:40pm Mar 9, 2009 8:40pm
Quoting PandoraBox
But MACD Signal line still above the zero line.
okay. . . i guess we'll just have to wait to see how it plays out right?

  • #164,750
  • Mar 9, 2009 8:51pm Mar 9, 2009 8:51pm
Quoting OrionsWay
G, this is for you notice the placement and the angle, any of them anywhere provide high sensible sup/res furthered with the other affects you use
Yes, I've used the angle tool, I believe I see now.
  • #164,751
  • Mar 9, 2009 8:55pm Mar 9, 2009 8:55pm
Quoting quecee5
Malcom,

I agree with u on this one. . . daily chart has been bearish since last week and macd has fallen below the zero line so a big drop is in works sooner rather than later a stated last week. . . just need the 50 ema to be breached and down it goes to 133 and 129. . .
your daily MACD is diff to mine..baby...
mine showing bullish HD..but no MACD expert so could be wrong...
I'm still bullish and keeping all my longs...i expect price to turnaround today..if that happens then no way will this go to 133/134 level.
If we break 135.50 level then 134 will be reached...baby
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  • #164,752
  • Mar 9, 2009 9:00pm Mar 9, 2009 9:00pm
Quoting quecee5
okay. . . i guess we'll just have to wait to see how it plays out right?

Agree mate...we have carried out full analysis..but sometimes somebody will play behind us. Welcome to the real world of Foreign Ex. Currency Investment.
  • #164,753
  • Mar 9, 2009 9:04pm Mar 9, 2009 9:04pm
Quoting Big Bruv
your daily MACD is diff to mine..baby...
mine showing bullish HD..but no MACD expert so could be wrong...
I'm still bullish and keeping all my longs...i expect price to turnaround today..if that happens then no way will this go to 133/134 level.
If we break 135.50 level then 134 will be reached...baby
I expect to see price attempt to touch 137.50/60 area with a spike of course. Only a 4hr close above 137.15 area will change my view with respect to a move lower.

135 and lower is forthcoming and the daily on my chart says it's coming sooner rather than later. . .

I'm not in any position right now as I closed my long from 136.15 when price spiked up to 136.90 area. . .

sitting on the sideline waiting so see what price wants to do. . .
  • #164,754
  • Mar 9, 2009 9:05pm Mar 9, 2009 9:05pm
OK, I'm going to share a trick I use. This is especially useful when things are uncertain.

Look at EUR/AUD. It usually moves the opposite as GBP/JPY. So, when I see a distinct TL on E/A, I find it easiier to follow Geppy.

Based on the 60 min TL right now, unless we break out, E/A will go up and Geppy will go down.

This trick has worked well for me in the past and I suggest you use it.
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  • #164,755
  • Mar 9, 2009 9:09pm Mar 9, 2009 9:09pm
Quoting bigcoupe
OK, I'm going to share a trick I use. This is especially useful when things are uncertain.

Look at EUR/AUD. It usually moves the opposite as GBP/JPY. So, when I see a distinct TL on E/A, I find it easiier to follow Geppy.

Based on the 60 min TL right now, unless we break out, E/A will go up and Geppy will go down.

This trick has worked well for me in the past and I suggest you use it.
funny you say that .. i do the same but think GBP/AUD has a better corrolation with longer TF's...baby
  • #164,756
  • Mar 9, 2009 9:10pm Mar 9, 2009 9:10pm
Quoting bigcoupe
OK, I'm going to share a trick I use. This is especially useful when things are uncertain.

Look at EUR/AUD. It usually moves the opposite as GBP/JPY. So, when I see a distinct TL on E/A, I find it easiier to follow Geppy.

Based on the 60 min TL right now, unless we break out, E/A will go up and Geppy will go down.

This trick has worked well for me in the past and I suggest you use it.
thats my trick......thought i was the only one that knew it.......
  • #164,757
  • Mar 9, 2009 9:15pm Mar 9, 2009 9:15pm
Since I was the first to post it, I get to claim it! I shall name it, The Bigcoupe Inverse System!

J/K.

It works so well. I trade the E/A as well but small trades. No SL can blow the account up if she turns on ya.

B
  • #164,758
  • Mar 9, 2009 9:32pm Mar 9, 2009 9:32pm
Quoting bigcoupe
Since I was the first to post it, I get to claim it! I shall name it, The Bigcoupe Inverse System!

J/K.

It works so well. I trade the E/A as well but small trades. No SL can blow the account up if she turns on ya.

B
coolio, ya she is a beast, i prefer to trade e/a most of the time, is more predictable than gj........gj chart for me is at a stand still, will be following what she does tonight regardless.....daily down/weekly up
  • #164,759
  • Mar 9, 2009 9:39pm Mar 9, 2009 9:39pm
Quoting bigcoupe
OK, I'm going to share a trick I use. This is especially useful when things are uncertain.

Look at EUR/AUD. It usually moves the opposite as GBP/JPY. So, when I see a distinct TL on E/A, I find it easiier to follow Geppy.

Based on the 60 min TL right now, unless we break out, E/A will go up and Geppy will go down.

This trick has worked well for me in the past and I suggest you use it.
That's really not all that unique of a system. I track and trade the same thing using both EURAUD and EURNZD.
  • #164,760
  • Mar 9, 2009 9:43pm Mar 9, 2009 9:43pm
Quoting forexboomer
coolio, ya she is a beast, i prefer to trade e/a most of the time, is more predictable than gj........gj chart for me is at a stand still, will be following what she does tonight regardless.....daily down/weekly up
Its true long term the EA has some quite well defined Sup/Res areas however in the short terms i've witnessed times where many of the European Oceanic crosses exhibit crazy whipsaws ie 100 pip ranges back and forth 10 times per second for up to 30 mins as those big insto's and auto traders hedge and arb against previous positions.
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