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

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

#169,661
Apr 7, 2009 10:59am Apr 7, 2009 10:59am

Aquafina
| Joined Feb 2009 | Status: Trader | 28 Posts

Quoting gillybabe

Disliked

Surely this is not as far as we go down????

Ignored

I am afraid it is hard to go down. It should break 146.56 before saying something further. 147.54 is strong support. Let see how it react.

#169,662
Apr 7, 2009 11:04am Apr 7, 2009 11:04am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Guys,

4H chart doesnt support any move down, before we test 149,50.
we retraced almost all move down..
we retraced the last swing form 145.8 to 148.90 with Fibonacci 382 at 147.6; and ready to continue UP
Look at your last 1h BAR
Look at your Daily BAR
Look at your 4H bar..
US session closing in 2-3h

Im not seeing any move down... regardless DOW jones.... Im watching UY and GU.. before DJ...

#169,663
Apr 7, 2009 11:11am Apr 7, 2009 11:11am

Aquafina
| Joined Feb 2009 | Status: Trader | 28 Posts

Quoting Piters

Disliked

Guys,
4H chart doesnt support any move down, before we test 149,50.

we retraced almost all move down..

we retraced the last swing form 145.8 to 148.90 with Fibonacci 382 at 147.6; and ready to continue UP

Look at your last 1h BAR

Look at your Daily BAR

Look at your 4H bar..

US session closing in 2-3h

Im not seeing any move down... regardless DOW jones.... Im watching UY and GU.. before DJ...

Ignored

Another way is she can test 147.30 before heading up. May be next few hours.

#169,664
Apr 7, 2009 11:15am Apr 7, 2009 11:15am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Quoting Piters

Disliked

Guys,
4H chart doesnt support any move down, before we test 149,50.

we retraced almost all move down..

we retraced the last swing form 145.8 to 148.90 with Fibonacci 382 at 147.6; and ready to continue UP

Look at your last 1h BAR

Look at your Daily BAR

Look at your 4H bar..

US session closing in 2-3h

Im not seeing any move down... regardless DOW jones.... Im watching UY and GU.. before DJ...

Ignored

don't understand why 149,50 is so crucial?
fontu

Not understand?better not follow my analyses!doubt clearer first, risks ++

#169,665
Apr 7, 2009 11:17am Apr 7, 2009 11:17am

djambazov84
| Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts

Quoting fontu

Disliked

don't understand why 149,50 is so crucial?
fontu

Ignored

daily pivot and .618 retracement of this whole move down..and a round number

Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !

#169,666
Apr 7, 2009 11:21am Apr 7, 2009 11:21am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting fontu

Disliked

don't understand why 149,50 is so crucial?
fontu

Ignored

There is Gann 4H and DPP sits on that level , signifying the fact if we close above, we are resuming the UP trend and according my books reaching upper targets at 155.50 ... [maybe even higher], and this down move was only a retrace for the latest Up move...

Nothing realy special on it.. only resuming the Up trend... By my books, we may see larger Drop only when [IF] we kiss 155.50... but that is my analysis.. there are many other PPl with their own analysis saying else.. so.. let's play...

#169,667
Apr 7, 2009 11:42am Apr 7, 2009 11:42am

for_idea
| Joined May 2008 | Status: Trader | 414 Posts

oh c'mon guys put your yards on it.. its getting late

#169,668
Apr 7, 2009 11:44am Apr 7, 2009 11:44am

khaled22
| Joined Aug 2006 | Status: khaled22 | 533 Posts

GJ i high because GU you can say high waiting next news (( Nationwide Consumer Confidence)) and its good for GU

#169,669
Apr 7, 2009 11:44am Apr 7, 2009 11:44am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Quoting Piters

Disliked

There is Gann 4H and DPP sits on that level , signifying the fact if we close above, we are resuming the UP trend and according my books reaching upper targets at 155.50 ... [maybe even higher], and this down move was only a retrace for the latest Up move...

Nothing realy special on it.. only resuming the Up trend... By my books, we may see larger Drop only when [IF] we kiss 155.50... but that is my analysis.. there are many other PPl with their own analysis saying else.. so.. let's play...

Ignored

Thanks for the information , hope it needs drop minimum 143.76 to Up break that level & go 160 .
I may need it as work well while in short.
fontu

Not understand?better not follow my analyses!doubt clearer first, risks ++

#169,670
Apr 7, 2009 11:45am Apr 7, 2009 11:45am

dre3029
| Joined Feb 2008 | Status: Trader | 128 Posts

I agree with Piters. I noticed earlier it hit 382 but I figured it was a bounce up to go down further and it never did go down past 382 retrace level. I'm staying on the side for now until i get a clear direction up or down.

#169,671
Apr 7, 2009 11:48am Apr 7, 2009 11:48am

tonko
| Joined Dec 2006 | Status: Trader | 26 Posts

Quoting Piters

Disliked

There is Gann 4H and DPP sits on that level , signifying the fact if we close above, we are resuming the UP trend and according my books reaching upper targets at 155.50 ... [maybe even higher], and this down move was only a retrace for the latest Up move...

Nothing realy special on it.. only resuming the Up trend... By my books, we may see larger Drop only when [IF] we kiss 155.50... but that is my analysis.. there are many other PPl with their own analysis saying else.. so.. let's play...

Ignored

Hi Piters,

can you share your books with us? At least just the authors and titles.
Thank you very much.

T.

#169,672
Apr 7, 2009 11:51am Apr 7, 2009 11:51am

dre3029
| Joined Feb 2008 | Status: Trader | 128 Posts

also it looks like a reverse h/s is forming on the 1hr

#169,673
Apr 7, 2009 11:52am Apr 7, 2009 11:52am

khaled22
| Joined Aug 2006 | Status: khaled22 | 533 Posts

In Next hour DJ will go up and will take GJ very up more than 149.40
any comment?
we will see

#169,674
Apr 7, 2009 11:52am Apr 7, 2009 11:52am

for_idea
| Joined May 2008 | Status: Trader | 414 Posts

Quoting khaled22

Disliked

GJ i high because GU you can say high waiting next news (( Nationwide Consumer Confidence)) and its good for GU

Ignored

i don't really like the forecast before news are coming. it might be true/wrong but you can get mixed up..

#169,675
Apr 7, 2009 11:54am Apr 7, 2009 11:54am

gody6000
| Joined Dec 2006 | Status: Trader | 213 Posts

today gj will closed under 14755

#169,676
Apr 7, 2009 11:56am Apr 7, 2009 11:56am

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts

LOL @ everyone predicting something

Trade what you see, not what you think.

#169,677
Edited 12:16pm Apr 7, 2009 12:00pm | Edited 12:16pm

hadleyma
| Joined Dec 2008 | Status: Trader | 131 Posts

Quote:
Originally Posted by Pips_Cruiser http://www.forexfactory.com/images/buttons/viewpost.gif
Something I've noticed for the past few months, is that the QQE5 on the 4H chart does a good job of identifying overbought conditions. Price seems to keep rising until the RSI on the QQE reaches about 75, then it does a serious retreat back down. My 4H chart only has room for the last 3 examples, but there's a 4th from January.

Right now it's at 69. In the previous upmoves price tended to consolidate for awhile when it was just under 70 (which is technically overbought). Then price would shoot back up, reach it's new top, and start it's journey...

Quoting hadleyma

Disliked

Just an add-on observation to PipsCruiser's interesting post - looking back, seems that this could be a good play for next week if historical precedant holds true.... when it reaches 75ish on QQE's RSI like PipsCruiser mentioned, seems to reverse over an avg. of 5 days for 800-1000 pips.... meaning this could retrace back to 140ish area

Ignored

Quoting hadleyma

Disliked

Appears that this may play out as planned...we will see in the next several hours. But also appears that Auslanco's strategy may be nearing it's entry as 4HR looks like it will cross down sometime in US session or beginning of Asian session and be below gann line...with 1HR nearing it's cross down under 50 for QQE...

First chart is post from Friday.

Second chart is just updated

Ignored

Just wanted to follow up my chart from yesterday. Appears that it's still playing out, and more like the more recent drop like in march. Thursday's rate announcement may be the catalyst for the drop but we may possibly range until then.... any thoughts? comments? Just wanting to share my
observation. Ideally, would like to see price kiss 4hr gann before dropping again [149.40 area like others have mentioned] to continue adding to short position

1st chart - original from friday
2nd chart - yesterday
3rd chart - updated for current

Attached Image(s) (click to enlarge)