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

  • #169,761
  • Apr 7, 2009 10:21pm Apr 7, 2009 10:21pm
I'm thinking down as well but the only thing bothering me atm is that GBPCHF is strangely bouyant today courtesy an extra strong USDCHF.
  • #169,762
  • Apr 7, 2009 11:16pm Apr 7, 2009 11:16pm
Quoting KillerWhale
Yes, let everyone go north, then I'll go south again.

I've had an enormous amount of fun shorting this pair in the last few hours.


Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,763
  • Edited 11:29pm Apr 7, 2009 11:17pm | Edited 11:29pm
145.05 Bounce


provided 145.80 is broken first.
  • #169,764
  • Apr 7, 2009 11:28pm Apr 7, 2009 11:28pm
Quoting forexlion
145.05 Bounce
give the reason for bounce at 145.05 ?
  • #169,765
  • Apr 7, 2009 11:29pm Apr 7, 2009 11:29pm
Quoting forexlion
145.05 Bounce


provided 145.80 is broken first.
Why here?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,766
  • Apr 7, 2009 11:30pm Apr 7, 2009 11:30pm
Seriously guys???

Look at the Daily high from March 24
The only sovereign I can allow to rule me is reason.
  • #169,767
  • Apr 7, 2009 11:33pm Apr 7, 2009 11:33pm
Quoting pearsonfx
Seriously guys???

Look at the Daily high from March 24
Monthly High of March as well

WASHINGTON (Reuters) - U.S. President Barack Obama needs to convince Americans to bomb Osama's crotch with harvester ants to stop him from buying GJ.
  • #169,768
  • Apr 7, 2009 11:34pm Apr 7, 2009 11:34pm
Quoting pearsonfx
Seriously guys???

Look at the Daily high from March 24
What are you trying to say?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,769
  • Apr 7, 2009 11:35pm Apr 7, 2009 11:35pm
Well now I am implying that you need to expand your educational knowledge of the forex market and learn a vital rule of thumb.

Previous support becomes new resistance...and vice versa
The only sovereign I can allow to rule me is reason.
  • #169,770
  • Apr 7, 2009 11:40pm Apr 7, 2009 11:40pm
Well, we still don't know whether it will bounce off or break through, although the chances are much higher it will break through the level to tank more. Its just a support level like any other support level
  • #169,771
  • Apr 7, 2009 11:44pm Apr 7, 2009 11:44pm
Well, after yesterday's bounce which was unexpected and out of correlation with the indices, seling continues from a higher price, allowing the big players to sell higher.

I was suspicious that the move from 151 wasn't as big as expected, so I think we'll now see the low 140s, maybe even high 130s.

I shorted the rallies and am staying short. If we break 146 decisively, then I will add more.

Next week is another story.....
  • #169,772
  • Apr 7, 2009 11:45pm Apr 7, 2009 11:45pm
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart
The only sovereign I can allow to rule me is reason.
  • #169,773
  • Apr 7, 2009 11:45pm Apr 7, 2009 11:45pm
Quoting ukdaytrader
Well, after yesterday's bounce which was unexpected and out of correlation with the indices, seling continues from a higher price, allowing the big players to sell higher.

I was suspicious that the move from 151 wasn't as big as expected, so I think we'll now see the low 140s, maybe even high 130s.

I shorted the rallies and am staying short. If we break 146 decisively, then I will add more.

Next week is another wife.....
  • #169,774
  • Apr 7, 2009 11:46pm Apr 7, 2009 11:46pm
I recognized it but I just thought it looked too weird to be a head and shoulders, I'm glad im not imagining things
  • #169,775
  • Apr 7, 2009 11:50pm Apr 7, 2009 11:50pm
Quoting forexlion
Monthly High of March as well

WASHINGTON (Reuters) - U.S. President Barack Obama needs to convince Americans to bomb Osama's crotch with harvester ants to stop him from buying GJ.

forexlion hits another level of WTF
  • #169,776
  • Apr 7, 2009 11:50pm Apr 7, 2009 11:50pm
This is the second kiss of 145.80
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 12 KB
  • #169,777
  • Apr 7, 2009 11:51pm Apr 7, 2009 11:51pm
Quoting pearsonfx
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart

I must admit that I do not see it. Could you post your chart to show it because I am having a hard time trying to pick out a left shoulder of more than just 1 bar in size (too small but not impossible).
  • #169,778
  • Apr 7, 2009 11:52pm Apr 7, 2009 11:52pm
Quoting pearsonfx
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart
Its not H&S pattern.
  • #169,779
  • Apr 7, 2009 11:58pm Apr 7, 2009 11:58pm
Here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY82.GIF Size: 21 KB
Click to Enlarge Name: GBPJPY83.GIF Size: 21 KB
The only sovereign I can allow to rule me is reason.
  • #169,780
  • Apr 7, 2009 11:59pm Apr 7, 2009 11:59pm
Quoting cullian
All my dogs are concentrating with me, the more people (and dogs) that beleive the smoother this will go
Bro
Give some water to your dogs
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