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

  • #166,781
  • Mar 21, 2009 3:26pm Mar 21, 2009 3:26pm
Quoting direct-trade
I have been figuring out this weeks Price Action. I looked at this and last weeks Weekly candles and checked back through to 1987 to see if it has been repeated before. I may be wrong, but I see a huge drop on the cards. The only formation similar to this one was just before a 3500 pip drop. The pattern has not been repeated since. Now, I could be completely wrong about this and have missed something, what do you think? I will still hold the Bermudas from 14017 and see what happens.

you are funny ....u can be wrong for real but u can also be right....nothing is confirmed yet on gj but ur drop is a huge one if u look daily gj chart..need to see 141 again and if we see a decline there then look for more down side before ...
MY OPINION NOT FINANCIAL ADVISE
  • #166,782
  • Mar 21, 2009 4:18pm Mar 21, 2009 4:18pm
For Watching.....
Gj Closed At 138.79
Gj Will Drop Down 102 Pips Than Will Buy..
Entry Buy Level At 13777-82 Tp 139.84/141.87
Happy Trade..
  • #166,783
  • Mar 21, 2009 4:25pm Mar 21, 2009 4:25pm
Quoting direct-trade
I have been figuring out this weeks Price Action. I looked at this and last weeks Weekly candles and checked back through to 1987 to see if it has been repeated before. I may be wrong, but I see a huge drop on the cards. The only formation similar to this one was just before a 3500 pip drop. The pattern has not been repeated since. Now, I could be completely wrong about this and have missed something, what do you think? I will still hold the Bermudas from 14017 and see what happens.
this 135. to 141 zone may be distribution of pros on their long position off 119...

135 seems to be loads of buyers and 141 loads of sellers..... interesting battle going on
Blogging daily now at www.volume.zone
  • #166,784
  • Mar 21, 2009 4:26pm Mar 21, 2009 4:26pm
Quoting gody6000
For Watching.....
Gj Closed At 138.79
Gj Will Drop Down 102 Pips Than Will Buy..
Entry Buy Level At 13777-82 Tp 139.84/141.87
Happy Trade..

are you really sure 102 .... and not 101 .....? I do not want to cause of 1 pip lol


sorry could not resist ... so exact
Blogging daily now at www.volume.zone
  • #166,785
  • Mar 21, 2009 4:32pm Mar 21, 2009 4:32pm
THANKS malcolmb14
I TRY TO HELP AND I HOPE I AM WRIGHT TO FOUND THE SUPORT At 13777
AND TRY TO HELP IF IAM RONG... TANKS AGEN
  • #166,786
  • Edited 7:39pm Mar 21, 2009 7:04pm | Edited 7:39pm
Cable:

Cable closed the week inconclusively, it sort of just tapered off after the prior two strong updays. But, if you draw fibs from the 18th March (1.3846) to Friday's high, we have a double top. Also, we have only retraced to the 23 fib, usually a retrace at least to the 38.2 is expected after such a run up.

The daily trendline is also still in play and the daily stochs are just about overbought. I also see a huge reverse bearish "developing" on the stochastics, so I'm more inclined for a further retrace, but will play it as I see it unfolding at the high volume areas.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd-daily.gif Size: 19 KB
  • #166,787
  • Mar 21, 2009 8:05pm Mar 21, 2009 8:05pm
Quoting GodfreyH
Cable:

I also see a huge reverse bearish "developing" on the stochastics, so I'm more inclined for a further retrace, but will play it as I see it unfolding at the high volume areas.
godfrey,

please correct me if i'm wrong. i'm a little puzzled.
shouldn't divergence be counted from one extreme point to another extreme point? if that's the case then i'm not sure if we can consider this as a divergence. unless i'm missing something out.
your feed back would be much appreciated.
thanks in advance.
Attached Image (click to enlarge)
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  • #166,788
  • Mar 21, 2009 8:52pm Mar 21, 2009 8:52pm
Quoting pkimnyc
godfrey,

please correct me if i'm wrong. i'm a little puzzled.
shouldn't divergence be counted from one extreme point to another extreme point? if that's the case then i'm not sure if we can consider this as a divergence. unless i'm missing something out.
your feed back would be much appreciated.
thanks in advance.
The way I understand it divergence occurs where an indicator makes lower/higher points when compared with price at the same points.

, I have never really considered whether one of the points were not at the maximum extremity, and the codes of the various divergence indicators don't take that into consideration, but Scrat's the expert, maybe he can help out with a strict definition

But , for my definition -lol, for the divergence to be valid, the daily stoch lines will have to cross, they still haven't crossed yet. That's why I say developing.
  • #166,789
  • Mar 21, 2009 10:16pm Mar 21, 2009 10:16pm
godfrey is right. you must consider ANY possible divergence, and that one would be valid as long as peaks are lower highs.

Quoting pkimnyc
godfrey,

please correct me if i'm wrong. i'm a little puzzled.
shouldn't divergence be counted from one extreme point to another extreme point? if that's the case then i'm not sure if we can consider this as a divergence. unless i'm missing something out.
your feed back would be much appreciated.
thanks in advance.
Nihil Sine Deo.
  • #166,790
  • Mar 21, 2009 11:46pm Mar 21, 2009 11:46pm
For beginner question, as I heard and been read quite a lots about candle cross (or price) the channels or fib points, is this mean that whole body of candle need to be crossed? Or the wick of candle should be enough. Thanks in advance.
Andrew
  • #166,791
  • Mar 22, 2009 1:43am Mar 22, 2009 1:43am
just my personal preview...to share for all my frenz


update chart geppy... i'm see gj will play in range 139 - 128.xx next week...more bias for bear trend this week...waiting gj break out triangle(diagonal support) to confirmation trend.stong trend will start if price break 135.xx...what ever i expect i will beware if price break 141.xx trend bear not valid..wish me good luck..
Attached Image (click to enlarge)
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  • #166,792
  • Mar 22, 2009 3:11am Mar 22, 2009 3:11am
Inserted Video
  • #166,793
  • Mar 22, 2009 3:31am Mar 22, 2009 3:31am
Quoting Andrew Vu
For beginner question, as I heard and been read quite a lots about candle cross (or price) the channels or fib points, is this mean that whole body of candle need to be crossed? Or the wick of candle should be enough. Thanks in advance.
Andrew
See if this helps . . .

http://www.babypips.com/school/suppo...esistance.html
  • #166,794
  • Mar 22, 2009 3:47am Mar 22, 2009 3:47am
My opinion next week's close will be 145-150.

http://img403.imageshack.us/img403/6351/34643005.png
Don't trade opinion
  • #166,795
  • Mar 22, 2009 4:58am Mar 22, 2009 4:58am
Quoting Pips_Cruiser
http://www.youtube.com/watch?v=3afiWbRGjK8
Inserted Video
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #166,796
  • Edited 6:22am Mar 22, 2009 6:08am | Edited 6:22am
Quoting GodfreyH
The way I understand it divergence occurs where an indicator makes lower/higher points when compared with price at the same points.

, I have never really considered whether one of the points were not at the maximum extremity, and the codes of the various divergence indicators don't take that into consideration, but Scrat's the expert, maybe he can help out with a strict definition

But , for my definition -lol, for the divergence to be valid, the daily stoch lines will have to cross, they still haven't crossed yet. That's why I say developing.
Quoting Scrat
godfrey is right. you must consider ANY possible divergence, and that one would be valid as long as peaks are lower highs.
thanks guys.
  • #166,797
  • Mar 22, 2009 6:11am Mar 22, 2009 6:11am
Quoting england33
http://www.youtube.com/watch?v=57CzNqgm8Fc
england33 and pips-cruiser, thanks alot for the entertainment and memory down the lane.

for next week, i favour the upmove. if 140.xx is breached, we head to 143 - 149 zones being the fib exppansion 100 and 161.8. we may be wrong as pa will ultimately determine it course.

happy pips' week to all.

  • #166,798
  • Mar 22, 2009 6:20am Mar 22, 2009 6:20am
Quoting dialpips
england33 and pips-cruiser, thanks alot for the entertainment and memory down the lane.

for next week, i favour the upmove. if 140.xx is breached, we head to 143 - 149 zones being the fib exppansion 100 and 161.8. we may be wrong as pa will ultimately determine it course.

happy pips' week to all.

sure man
figured it would make some mad by posting way off topic but it helps the mind for some.

http://www.rogeramartin.com/images/BullAndBear_Rear.jpg

i have no bias. cpi coming out for uk so well just have to see how the market reacts to the big deflation scenario.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #166,799
  • Mar 22, 2009 6:23am Mar 22, 2009 6:23am
Quoting pkimnyc
thanks guys.
how do manage to put two quotes in one reply? thanks.
  • #166,800
  • Mar 22, 2009 6:39am Mar 22, 2009 6:39am
Quoting england33
http://www.youtube.com/watch?v=57CzNqgm8Fc
Pipscruiser and England.

Yes its off topic - but feel free - its good to lighten the stress sometimes.

Really enjoyed listening - great
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