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

  • #173,861
  • Apr 29, 2009 12:26am Apr 29, 2009 12:26am
Bullish Hidden Divergence on 15M .. but should be limited to 142.98 to 143.30
Markets are not Random, they are designed!
  • #173,862
  • Apr 29, 2009 12:57am Apr 29, 2009 12:57am
Quoting Piters
Asian session closed, dubai, and moscow open follow. EU and LDN we should see a retracement.. 1h and 4h are up to retracement.. For today Im not seeing GY higher then 143.80 with 143.50 most likely. And UY at 97.40 as a top..

but could be wrong..
good assement. have no idea myself.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,863
  • Edited 1:12am Apr 29, 2009 1:01am | Edited 1:12am
Quoting Piters
Asian session closed, dubai, and moscow open follow. EU and LDN we should see a retracement.. 1h and 4h are up to retracement.. For today Im not seeing GY higher then 143.80 with 143.50 most likely. And UY at 97.40 as a top..

but could be wrong..
143.75 ..will consider put sell limit@ 143.35/45 area...
Attached Image (click to enlarge)
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  • #173,864
  • Apr 29, 2009 1:34am Apr 29, 2009 1:34am
142.60 was resistance in Tokyo, which as you know was on holiday, a perfect time to push through s/r levels...and now it appears to be resistance in europe..perhaps we will see some bearishness come london
  • #173,865
  • Apr 29, 2009 1:44am Apr 29, 2009 1:44am
Flirting with the weekly open. If we break that, could see 2-300 pips upside quite easily. 144.90 is another key level which may prove sticky.

I got caught in my short trades yesterday, so have hedged and added longs. Not ideal, but as long as I stay net long on this upmove, risk is minimised.
  • #173,866
  • Apr 29, 2009 1:44am Apr 29, 2009 1:44am
Quoting cancunkev
142.60 was resistance in Tokyo, which as you know was on holiday, a perfect time to push through s/r levels...and now it appears to be resistance in europe..perhaps we will see some bearishness come london
142.60 was about where we started on Sunday.
Down 350 and then up 350.
History is written by the victors.
  • #173,867
  • Apr 29, 2009 1:47am Apr 29, 2009 1:47am
This is also around the monthly open level
  • #173,868
  • Apr 29, 2009 1:47am Apr 29, 2009 1:47am
If 143 is broken, then next resistance should be the daily gann at 144. If 144 is broken (if daily candle closed above 144), next target could easily be 151. But first, price needs to break out of this downward channel. If it doesn't break and bounces, we could see the low again.
  • #173,869
  • Apr 29, 2009 1:52am Apr 29, 2009 1:52am
Cable:

Still bullish in this channel, but given the stoch levels and the volume point, on the second chart, I am expecting some retracement. The day gann is also at this point. Will see what London does.
Attached Image(s) (click to enlarge)
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  • #173,870
  • Apr 29, 2009 1:59am Apr 29, 2009 1:59am
Quoting GodfreyH
Cable:

Still bullish in this channel, but given the stoch levels and the volume point, on the second chart, I am expecting some retracement. The day gann is also at this point. Will see what London does.
I think UJ has finished its downtrend as it has formed a daily pinbar and just bounced off the weekly gann. It looks to me like it could be on its way north again. If cable is bullish, then that's a big plus for GJ. We'll see if GJ will fly sometime between now and US. I'm still long biased until an hourly candle closed below the gann.
  • #173,871
  • Apr 29, 2009 2:04am Apr 29, 2009 2:04am
sell resistance i think was the way to go here. 4hr still bullish though.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,872
  • Apr 29, 2009 2:11am Apr 29, 2009 2:11am
Quoting Pipsqueak
If 143 is broken, then next resistance should be the daily gann at 144. If 144 is broken (if daily candle closed above 144), next target could easily be 151. But first, price needs to break out of this downward channel. If it doesn't break and bounces, we could see the low again.
Down trend channel is broken on 15M... now a retest of the broken channel line...then may be up again..
Attached Image (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 258 KB
Markets are not Random, they are designed!
  • #173,873
  • Apr 29, 2009 2:24am Apr 29, 2009 2:24am
142.50 area make or break area. if it doesn't get there and trades below 142.00 bears might get the upper hand back. i suspected a nasty range with slight upward bias from asian into euro/anglo session. here we are lol. tug of war has begon.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,874
  • Apr 29, 2009 2:29am Apr 29, 2009 2:29am
Break may seen another test to below than 139..perhaps this US session..target 139.33
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  • #173,875
  • Apr 29, 2009 2:32am Apr 29, 2009 2:32am
Quoting grashid
Break may seen another test to below than 139..perhaps this US session..target 139.33
you've really been adding the sells. i like your confidence. i hope that pans out. another thing to watch is the moving averages. take a look at the 4hr 50 and 200 ema. price hovering right around it.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,876
  • Apr 29, 2009 2:43am Apr 29, 2009 2:43am
Quoting malcolmb14
here are 2 pin bars that produced 2 very nice trades ... note the volume


expected target on short is 142.18

Attachment
Hi Malcolmb14,

Would that type of setup apply mostly to the higher time frames...?
  • #173,877
  • Apr 29, 2009 2:46am Apr 29, 2009 2:46am
I believe it may skim off the new support of 141.91 and continue up toward 144.5, Broke above 4 hr. 10Rsi.
  • #173,878
  • Apr 29, 2009 2:56am Apr 29, 2009 2:56am
Looks like a 38.2% retrace so far, from Asian session's low / high.
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  • #173,879
  • Apr 29, 2009 2:59am Apr 29, 2009 2:59am
Quoting Pips_Cruiser
Looks like a 38.2% retrace so far, from Asian session's low / high.
hmm so your saying it will go higher? oh btw thanks for posting on my thread.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,880
  • Apr 29, 2009 3:03am Apr 29, 2009 3:03am
I see price eventually recovering and moving up to a confluence of the 1H upper trend line, the weekly pivot, the daily R2, and the 1.38% fib. They're all 143.50ish. We might possibly test 144 later in the day, during NY session.
Attached Image (click to enlarge)
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