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

  • #168,381
  • Mar 31, 2009 12:58pm Mar 31, 2009 12:58pm
Quoting ovaforty
4 hour candle closed above the short term yellow 61 fib. Next upside target is that 76 fib around 142.80 or so. A break upwards would target a double top formation around 145.
14 candle mom and 10 candle pointing up and above the 100 level.
am iching to stay up all night to catch it...i see it falling to 140area...in a fewhrs time....
Imanuel Parsifal
  • #168,382
  • Mar 31, 2009 1:01pm Mar 31, 2009 1:01pm
Quoting dialpips
how do those two setups give trades. need to understand. thanks.

ok anyone that says candles are a time pass is just wrong .....

wtf is forex lion talking about . .. candles show price action .. the open and close and high / low . IF ONE KNOWS HOW TO READ THEM THEY CAN TELL YOU A WHOLE LOT MORE THAN ANY BS INDICATOR CAN
Blogging daily now at www.volume.zone
  • #168,383
  • Mar 31, 2009 1:05pm Mar 31, 2009 1:05pm
Quoting malcolmb14
ok anyone that says candles are a time pass is just wrong .....

wtf is forex lion talking about . .. candles show price action .. the open and close and high / low . IF ONE KNOWS HOW TO READ THEM THEY CAN TELL YOU A WHOLE LOT MORE THAN ANY BS INDICATOR CAN
well said. and they can give you a time frame estimation by switching to different time frame charts to see how they relate to each other.
  • #168,384
  • Mar 31, 2009 1:11pm Mar 31, 2009 1:11pm
Quoting malcolmb14
ok anyone that says candles are a time pass is just wrong .....

wtf is forex lion talking about . .. candles show price action .. the open and close and high / low . IF ONE KNOWS HOW TO READ THEM THEY CAN TELL YOU A WHOLE LOT MORE THAN ANY BS INDICATOR CAN
well let den do d speculating n lets do the money making....yare yare!!!
Imanuel Parsifal
  • #168,385
  • Mar 31, 2009 1:14pm Mar 31, 2009 1:14pm
Quoting Pips_Cruiser
Price is still respecting the 2 month old channel on the 4 hour (chart #1). I see it continuing upward during the coming weeks to 155 -156, where we have the 38.2 retrace on the daily (chart #2). Possible resistance just above there is the daily 200ema.
nice and clean cruiser.
  • #168,386
  • Mar 31, 2009 1:17pm Mar 31, 2009 1:17pm
Quoting pkimnyc
nice and clean cruiser.
highway to heaven...enjoy the cruise...watch out for gordon brown....culd be bumpy
Imanuel Parsifal
  • #168,387
  • Mar 31, 2009 1:23pm Mar 31, 2009 1:23pm
Quoting sycho
highway to heaven...enjoy the cruise...watch out for gordon brown....culd be bumpy
i hear ya.
  • #168,388
  • Mar 31, 2009 1:37pm Mar 31, 2009 1:37pm
Quoting pkimnyc
i hear ya.
PK, i took profits on my long usd/chf, for what it's worth.
  • #168,389
  • Mar 31, 2009 1:37pm Mar 31, 2009 1:37pm
I am still suspicious of this upmove, all treasuries data do not support the move...
  • #168,390
  • Mar 31, 2009 1:41pm Mar 31, 2009 1:41pm
Quoting ovaforty
PK, i took profits on my long usd/chf, for what it's worth.
  • #168,391
  • Mar 31, 2009 1:41pm Mar 31, 2009 1:41pm
Quoting mktjong
I am still suspicious of this upmove, all treasuries data do not support the move...
Me too but lets trade what charts show us..i am +25pips
Work smart not hard
  • #168,392
  • Mar 31, 2009 1:42pm Mar 31, 2009 1:42pm
JJJust about to break.....
  • #168,393
  • Mar 31, 2009 1:45pm Mar 31, 2009 1:45pm
Quoting mktjong
I am still suspicious of this upmove, all treasuries data do not support the move...
yep, same bs as last year....
  • #168,394
  • Mar 31, 2009 1:47pm Mar 31, 2009 1:47pm
forexlion is the joker of the thread lately, LOL
Trade what you see, not what you think.
  • #168,395
  • Mar 31, 2009 1:52pm Mar 31, 2009 1:52pm
Quoting mktjong
I am still suspicious of this upmove, all treasuries data do not support the move...


wot you did not hear ???

recession is over .. all banks are getting trillion from TARP so they can post profits not loses ... and every one and their granny can borrow money once more. GJ to 160 and beyond.

GM can lose as much as they want .. BUT US Government will bail them out and never let them go bankrupt...

in BC we have 10 mill budget cut for schools and teachers being laid off ... but canadian Government giving GM money !!!!! what a load of bs . sure we will have crap american cars (no offence to the american car lovers)... but the drivers will be unable to read roadsigns ...lol
Blogging daily now at www.volume.zone
  • #168,396
  • Mar 31, 2009 2:10pm Mar 31, 2009 2:10pm
The 142,1-142,2 had a bunch of sellers at 11am at this area. Should be an asian retracement if that high vol. area holds.
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  • #168,397
  • Mar 31, 2009 2:13pm Mar 31, 2009 2:13pm
Quoting pipsbull
The 142,1-142,2 had a bunch of sellers at 11am at this area. Should be an asian retracement if that high vol. area holds.

i think asia they will mark up price into 144 /145 zone .....

just ah unch .... this looks very similar to last week when it was at this price levle and if symmetry on daily hold 149 has yet to be visited
Blogging daily now at www.volume.zone
  • #168,398
  • Mar 31, 2009 2:22pm Mar 31, 2009 2:22pm
Quoting malcolmb14
i think asia they will mark up price into 144 /145 zone .....

just ah unch .... this looks very similar to last week when it was at this price levle and if symmetry on daily hold 149 has yet to be visited
wow..., you're right that daily marubozu may give it wings for a push
  • #168,399
  • Mar 31, 2009 2:29pm Mar 31, 2009 2:29pm
We should see 143 veeery soon...
  • #168,400
  • Mar 31, 2009 2:58pm Mar 31, 2009 2:58pm
Quoting Küster
We should see 143 veeery soon...
Never .. not until for some time .. long long time :-)
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