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

  • #171,641
  • Apr 19, 2009 5:09pm Apr 19, 2009 5:09pm
Quoting malcolmb14
No wonder forexlion has been so quiet he is on Britains got talent...

http://www.youtube.com/watch?v=zaBss...eature=related

That is tooooo good.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #171,642
  • Apr 19, 2009 5:19pm Apr 19, 2009 5:19pm
Quoting Vanhook2
That is tooooo good.
yeah . I love it too ..
  • #171,643
  • Apr 19, 2009 5:29pm Apr 19, 2009 5:29pm
MK whats your take on EU now that it has broken thru 1.3080
  • #171,644
  • Apr 19, 2009 5:39pm Apr 19, 2009 5:39pm
Hi guyz...

I have attached two charts...now you all know what my bias is...but i'm posting charts as an update..my bias is still long.

On daily chart 145.60 is crucial for me..a close below this signals that we are heading for the LTL. A break above 149.85 signals we are going to at least 151.50.

We are still in a range mode and could do this all week...my force index has flatten out..which could mean a range...my strategy is to keep buying off the lows @ 145 area. We have Div on the daily.

Looking @ weekly...my force index is suggesting some weakness, however it could turn back up if we close @ the 151 level so it's difficult to say at the min...

Hope it all makes sense..baby

In Summary
1. My bias is still long..Will buy off lows @ 145/146
2. Force index is bullish/neutral on daily...
3. A daily close below 145.60 (not a spike but a close)...will close all my added longs and buy of bottom TL.

I know this is all long term stuff but...just keeping charts up to date....baby For intra-day level 146.80 looks like strong resistance..we break that then bobs ur uncle...baby
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy daily.gif Size: 18 KB
Click to Enlarge Name: geppy weekly.gif Size: 14 KB
  • #171,645
  • Apr 19, 2009 5:41pm Apr 19, 2009 5:41pm
since it's a borring market, enjoy this amazing video

Inserted Video
"Not all leaders were born equal...A few were born to WIN"
  • #171,646
  • Apr 19, 2009 5:50pm Apr 19, 2009 5:50pm
Quoting vinesh2
MK whats your take on EU now that it has broken thru 1.3080
Hi man .. it's bearish. Would predict drop another 100 pips or so ..
  • #171,647
  • Apr 19, 2009 6:14pm Apr 19, 2009 6:14pm
strange movements during the twilight time. These spikes are looking like markups again.
  • #171,648
  • Apr 19, 2009 6:51pm Apr 19, 2009 6:51pm
I see maybe 147.50 if that and then it turns back south. To iffy to go long or short here for me so waiting for this rise then will sell into it. Then see perhaps 145.50 - 146.00 then another run up to 149.00 or better. The yen has to be weak for their economy
  • #171,649
  • Apr 19, 2009 7:07pm Apr 19, 2009 7:07pm
Quoting malcolmb14
No wonder forexlion has been so quiet he is on Britains got talent...

http://www.youtube.com/watch?v=zaBss...eature=related
OMG!!!! LMAO....that is Forexlion! I have another level of respect for him.



B
  • #171,650
  • Apr 19, 2009 8:05pm Apr 19, 2009 8:05pm
Have to be a buyer down in at 146.00, to tempting and add to position if it goes into the 145's again
  • #171,651
  • Apr 19, 2009 8:09pm Apr 19, 2009 8:09pm
Quoting malcolmb14
No wonder forexlion has been so quiet he is on Britains got talent...

http://www.youtube.com/watch?v=zaBss...eature=related
YES from me TOO..
  • #171,652
  • Apr 19, 2009 8:27pm Apr 19, 2009 8:27pm
What's up with the strenght in the yen? Thought thr Asians wanted a cheaper Yen for export or is th GBP just that bad
Charts show a free fall no and support is anyone guess
  • #171,653
  • Apr 19, 2009 8:36pm Apr 19, 2009 8:36pm
woshh..nice setting last Friday..

Am taking 3 TP target 144.50-142.50-141.50..then will set my new setting...maybe Londong session
Looking for small long ~30-50pips opp while she retrace...
  • #171,654
  • Apr 19, 2009 8:47pm Apr 19, 2009 8:47pm
don't have a clue as to where bottom is so burned me for 100 pips
  • #171,655
  • Apr 19, 2009 8:51pm Apr 19, 2009 8:51pm
Quoting currencyexch
don't have a clue as to where bottom is so burned me for 100 pips
bro, my first one is 140.88 the same level CB marked this weekend, but we may see a small bounce form this level back.. NOW..from [145.40/50]

If you are LONG, you have to have a GOOOD resons for long..
  • #171,656
  • Apr 19, 2009 9:01pm Apr 19, 2009 9:01pm
Quoting Piters
bro, my first one is 140.88 the same level CB marked this weekend, but we may see a small bounce form this level back.. NOW..from [145.40/50]

If you are LONG, you have to have a GOOOD resons for long..

Didn't think it would break 145.50 once it did could be along elevator ride down
  • #171,657
  • Apr 19, 2009 9:05pm Apr 19, 2009 9:05pm
Hi Peters,

Assuming that the trend is bearish, how many pips of bounce from siupport levels seems logical at this stage, i.e. as you can see right now, we have had a 50 pips bounce from 145.28. I know that I am asking avery genreal question, but it seems to me that the answer needs more experience. I appreciate your help.
  • #171,658
  • Apr 19, 2009 9:06pm Apr 19, 2009 9:06pm
Quoting currencyexch
Didn't think it would break 145.50 once it did could be along elevator ride down
yes bro, that's correct, we may now play a bit arround 145.50 as retest the 145.90 but the way is down, from daily, weekly charts, and this pattern,

Dont call me crazy, but we are breaking 141 level as LTL on daily too.. (me think).. im looking for 136/7 targets, but step by step.. first one 140.88
Attached Image (click to enlarge)
Click to Enlarge Name: SB701140-00.png Size: 47 KB
  • #171,659
  • Apr 19, 2009 9:08pm Apr 19, 2009 9:08pm
Quoting Fusion
Hi Peters,

Assuming that the trend is bearish, how many pips of bounce from siupport levels seems logical at this stage, i.e. as you can see right now, we have had a 50 pips bounce from 145.28. I know that I am asking avery genreal question, but it seems to me that the answer needs more experience. I appreciate your help.
I figuring 146.20 - 30
  • #171,660
  • Apr 19, 2009 9:08pm Apr 19, 2009 9:08pm
I had posted this over the wekend; I thought some of you might have not seen it. It is one the bests explanations of current situation:

http://mitworld.mit.edu/video/633
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