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

  • #165,721
  • Mar 13, 2009 6:26am Mar 13, 2009 6:26am
Quoting maryinvest
I saw nice H&S pattern. Is this correct?

yea maybe,, Patterns like those are only relevant to the ppl who play them, professional money doesnt play them i imagine, they construct them, then give just enough push for the crowd to jump on board for they already know the psychology of retail traders. But they seem to work
"Millionaires don't use astrology, billionaires do"
  • #165,722
  • Mar 13, 2009 6:28am Mar 13, 2009 6:28am
Hello everybody
Discipline + Patience - Fear - Greed = Success
  • #165,723
  • Mar 13, 2009 6:30am Mar 13, 2009 6:30am
Quoting GodfreyH
Hour channel to keep in mind, currently restraining Cable.
didnt see that. I thought it was my fib from 1.3552 to 1.4907 that stopped it exactly at 1.4068 for a little while
  • #165,724
  • Mar 13, 2009 6:41am Mar 13, 2009 6:41am
As I posted previously, there are many reasons to still think long on this pair.
Check out the Weekly TF. All setting up nicely for significant upside. Pinbar forming on last bar as well. Daily looks like rolling over too.

It may not play out, but there were a great many posts this past week predicting tankage for this pair, that I have to present the flip side.

No predictions from me, (I'm not that 'brave'), but 127, 124, 118, 96 etc look a long way off.
  • #165,725
  • Mar 13, 2009 6:58am Mar 13, 2009 6:58am
Quoting ukdaytrader
As I posted previously, there are many reasons to still think long on this pair.
Check out the Weekly TF. All setting up nicely for significant upside. Pinbar forming on last bar as well. Daily looks like rolling over too.

It may not play out, but there were a great many posts this past week predicting tankage for this pair, that I have to present the flip side.

No predictions from me, (I'm not that 'brave'), but 127, 124, 118, 96 etc look a long way off.
yeah baby
  • #165,726
  • Mar 13, 2009 6:58am Mar 13, 2009 6:58am
Continuation pattern on 1hr timeframe. Lets pocket another push up when time is right guys
  • #165,727
  • Mar 13, 2009 7:04am Mar 13, 2009 7:04am
Quoting belekas
Continuation pattern on 1hr timeframe. Lets pocket another push up when time is right guys
GJ now, above EMA 50 H1 and EMA 50 H4 TF. Bullish Mode
  • #165,728
  • Mar 13, 2009 7:10am Mar 13, 2009 7:10am
Quoting PandoraBox
GJ now, above EMA 50 H1 and EMA 50 H4 TF. Bullish Mode
Waiting for 1hr comb to break and up we go
  • #165,729
  • Mar 13, 2009 7:15am Mar 13, 2009 7:15am
Quoting OrionsWay
hey G above this aqua angle, she is getting pretty really strong, check it out
  • #165,730
  • Mar 13, 2009 7:21am Mar 13, 2009 7:21am
GBP/JPY

The long term trend is still in tact -> downward

The medium term is bullish, following yesterday's spike and today's run.

And, today's move upward has moved the pair to be oversold.

In light of these, i am turning to weak bearish on the pair; this books the extra 50+ pips that i turned to weak bullish during EU session spike; from 137.10s.


Below 135.30s, i will add more shorts, going for the strong bearish trend.
  • #165,731
  • Mar 13, 2009 7:27am Mar 13, 2009 7:27am
Quoting belekas
Waiting for 1hr comb to break and up we go
Now waiting NY Big Boys - bull party.
  • #165,732
  • Mar 13, 2009 8:10am Mar 13, 2009 8:10am
forexlion how do you see your ranking ?
"Millionaires don't use astrology, billionaires do"
  • #165,733
  • Mar 13, 2009 8:42am Mar 13, 2009 8:42am
Quoting PandoraBox
Now waiting NY Big Boys - bull party.
1hr/4hr chart suggest we will have a pull back before heading up. . . should check support ar'd 36.70 area. . .
  • #165,734
  • Mar 13, 2009 9:07am Mar 13, 2009 9:07am
or maybe not. . . gj looking very strong this a.m.. . .
  • #165,735
  • Mar 13, 2009 9:14am Mar 13, 2009 9:14am
Quoting quecee5
or maybe not. . . gj looking very strong this a.m.. . .
I agree..i think she is playing with the S/R getting ready to make the leap upwards.... c'mon!!

Pipmeister Extraodinaire
  • #165,736
  • Mar 13, 2009 9:16am Mar 13, 2009 9:16am
Quoting quecee5
or maybe not. . . gj looking very strong this a.m.. . .
Which point do you think GJ head up to? It seems going to hit my target
  • #165,737
  • Mar 13, 2009 9:19am Mar 13, 2009 9:19am
Quoting jglouw22
I agree..i think she is playing with the S/R getting ready to make the leap upwards.... c'mon!!

May see a spike up to 39.50 area then a bounce off it back down to 136.50 before heading higher. . . Price seems to be getting toppy up here atm. . .
  • #165,738
  • Mar 13, 2009 9:20am Mar 13, 2009 9:20am
And now that everyone is long, a probable quick spike to 13850/13900/13935 area before a large drop. Bull trap. The fall will be extremely quick IMHO.
Still Short from 14017.
  • #165,739
  • Mar 13, 2009 9:20am Mar 13, 2009 9:20am
Quoting maryinvest
Which point do you think GJ head up to? It seems going to hit my target
and what would that target be?
  • #165,740
  • Mar 13, 2009 9:22am Mar 13, 2009 9:22am
Quoting quecee5
May see a spike up to 39.50 area then a bounce off it back down to 136.50 before heading higher. . . Price seems to be getting toppy up here atm. . .
How strange, we posted the same thought at the same time... Affirms it for me if you agree Q
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