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

  • #169,921
  • Apr 8, 2009 11:57pm Apr 8, 2009 11:57pm
Quoting fising
fising, Xpyct2003, Mr.Q, noobie1, PandoraBox, forexlion, pearsonfx, ssarsena,...
Hey bro,

I think we're going to continue upwards, the confirmation will be a 4h close above 4h gann hilo.
Trade what you see, not what you think.
  • #169,922
  • Apr 9, 2009 12:04am Apr 9, 2009 12:04am
If last hour's candle can fractal off, I think we will see a sell off next hour. If however this hour does not allow last hour's bar to become a fractal, I agree with karmo.
  • #169,923
  • Apr 9, 2009 12:08am Apr 9, 2009 12:08am
Quoting karmostaji
Hey bro,

I think we're going to continue upwards, the confirmation will be a 4h close above 4h gann hilo.

we are same direction frenz...if h4 close above 4h hilo...i think ..price wanna testing this week higher..
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  • #169,924
  • Apr 9, 2009 12:11am Apr 9, 2009 12:11am
Well, back to the chart,

I think we will only be bullish if an hourly candle closes above that golden trendline and also breaks the yellow 50 hourly EMA. If not then the bias is to the downside, which it still is at the moment, and if we continue bearish then we will have to see an hourly break below 145.75 for a strong downward move
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  • #169,925
  • Apr 9, 2009 12:21am Apr 9, 2009 12:21am
We are after all in a descending triangle the these break usually to the bottom side.
I really am not for buying at this time
  • #169,926
  • Apr 9, 2009 12:29am Apr 9, 2009 12:29am
Correct me if you think my reasoning is wrong but:
The one thing i'm seeing is that every upthrust in this move from 151 has occured in the Asian session where the volume is low. If the pro's were really accumulating here wouldn't the highs have increased over time rather than decreased to produce this falling triangle?
  • #169,927
  • Apr 9, 2009 12:39am Apr 9, 2009 12:39am
Quoting KillerWhale
For some reason I cannot trade ranging market with GJ, I can though with EU.
Probably has to do with the spread.
Difficult for me as well, with that very tiny range. Before one say Jack robinson, the 40+ pips will go red.

Kudos to Malcomb, that can still make loads of pips out of this tight range. It does need fast fingers and fast response as well.

Just hope we break out soon, so that we can make pips
  • #169,928
  • Apr 9, 2009 12:52am Apr 9, 2009 12:52am
Quoting botadufig05
Difficult for me as well, with that very tiny range. Before one say Jack robinson, the 40+ pips will go red.

Kudos to Malcomb, that can still make loads of pips out of this tight range. It does need fast fingers and fast response as well.

Just hope we break out soon, so that we can make pips

it's been ranging a lot this week. anyone know why?
  • #169,929
  • Apr 9, 2009 1:01am Apr 9, 2009 1:01am
Quoting forexlion
RSI(3) crossed RSI(13) upwards, long taken, +12 pips so far GU
Please could u explain how you interprete this, though i will still try to observe as well to get a feel of it. On what time frame do u use it please?

So far i notice that the RSI 3 shows the trend change moreand also the price patterns, but the crosses seem to be a bit short-lived.

Just have a quick look when u mentioned it in ur post few hours ago and i am willing to play around with it. Any bit of explanation of how you interprete it will be appreciated. Thanks
  • #169,930
  • Apr 9, 2009 1:04am Apr 9, 2009 1:04am
Its the Official Bank Rate news for GBP coming out today......no wonder its ranging
  • #169,931
  • Apr 9, 2009 1:05am Apr 9, 2009 1:05am
Quoting rogerdoger
it's been ranging a lot this week. anyone know why?
Really don't know. I am dumb and deaf to fundamentals. But from experience it goes this way, when there is an important announcement to be made, most times even before NFP.

I know there is suppose to be a rate announcement on GBP today.
  • #169,932
  • Apr 9, 2009 1:07am Apr 9, 2009 1:07am
Quoting karmostaji
Hey bro,

I think we're going to continue upwards, the confirmation will be a 4h close above 4h gann hilo.

I am with karmo 149 to 150 test before weekend
Blogging daily now at www.volume.zone
  • #169,933
  • Edited 1:42am Apr 9, 2009 1:14am | Edited 1:42am
4hr Gann looks primed to flip. If it does, we go >150, possible 154-55.

In fact, if we climb above 150, we might not see 145 for a while.

Rate announcement will have an impact, but I suspect not much. Every scenario has been priced in..... unless they raise.
  • #169,934
  • Apr 9, 2009 1:18am Apr 9, 2009 1:18am
Can we wait for the descending triangle to break upwards first before talking about breaking the 4 hour gann
  • #169,935
  • Apr 9, 2009 1:18am Apr 9, 2009 1:18am
Quoting malcolmb14
I am with karmo 149 to 150 test before weekend
which gann hilo value do you guys use?
10?
  • #169,936
  • Apr 9, 2009 1:18am Apr 9, 2009 1:18am
Quoting ukdaytrader
4hr Gann looks primed to flip. If it does, we go >150, possible 154-55.

In fact, if we climb above 150, we might not see 145 for a while.

Rate announcement will have an impact, but I suspect not much. Every scenario has bee priced in..... unless they raise.
you know with the amount that the GBP has risen this past month i'd venture to say that a rate hike is the only thing that's been priced into the market.
  • #169,937
  • Apr 9, 2009 1:36am Apr 9, 2009 1:36am
Quoting Ardafx
which gann hilo value do you guys use?
10?
yes
Trade what you see, not what you think.
  • #169,938
  • Apr 9, 2009 1:44am Apr 9, 2009 1:44am
Quoting forexlion
RSI(3) crossed RSI(13) upwards on GJ

no comments
I am sorry if i killed any bears, but this chart was too obvious
  • #169,939
  • Apr 9, 2009 1:58am Apr 9, 2009 1:58am
Quoting malcolmb14
I am with karmo 149 to 150 test before weekend
need confirmation before go long
  • #169,940
  • Apr 9, 2009 2:00am Apr 9, 2009 2:00am
Quoting forexlion
I am sorry if i killed any bears, but this chart was too obvious
Let Price determine your future!
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