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

  • #176,341
  • May 11, 2009 1:29pm May 11, 2009 1:29pm
Quoting vinesh2
Mr DonCorleoneFriday what is your daily bias? please enlighten us with your 4month in this business and trying to trade GJ the mother of all pairs
Is there the daddy of all pairs too? ..
  • #176,342
  • May 11, 2009 1:31pm May 11, 2009 1:31pm
yep its called US Federal Reserve
  • #176,343
  • May 11, 2009 1:31pm May 11, 2009 1:31pm
From hourly chart, looks like buyers are dissipating ..
  • #176,344
  • May 11, 2009 1:32pm May 11, 2009 1:32pm
Quoting vinesh2
Mr DonCorleoneFriday what is your daily bias? please enlighten us with your 4month in this business and trying to trade GJ the mother of all pairs

Well i wait for the close of daily candle and use the closed of prvious daily and open of new market candle..
well GJ was my adventure when i started this business, i know nothing about it but i trade and lose so much in it cuz it move very fast..but so far it is the best pair i understand so far and i cannot trade without analysis n GJ at Asian market.
MY OPINION NOT FINANCIAL ADVISE
  • #176,345
  • May 11, 2009 1:34pm May 11, 2009 1:34pm
Quoting quecee5
okay, i'll start the conversation off. . .

i only post chart and focus on my trade but i like ur analysis as a swing trader, i have look for ur post for week but cant find any, then i holla if anyone know ur house then i come look for you...
MY OPINION NOT FINANCIAL ADVISE
  • #176,346
  • May 11, 2009 1:35pm May 11, 2009 1:35pm
"i know nothing about it but i trade and lose so much in it cuz it move very fast" THEN WHY THE HELL ARE YOU TRADING THIS PAIR in the 1st place. Stop putting your dumb analysis here till you have mastered this pair.
  • #176,347
  • May 11, 2009 1:36pm May 11, 2009 1:36pm
This is what im seeing. . .

GJ is currently trading below the daily pivot and is bouncing off daily support (s3) back into (s2) resistance trying to regain support there. . .

r3 support at 146.72 and s2 support at 147.44. . .

if it regains this support we could see it try s1 support now turned resistance at 148.69 which is also 55 ema on the 1hr chart. . .

Also, 1hr bullish divergence present which confirms a possible up wave forthcoming to target s1 support turned resistance if we get a 1hr close above s2 support. . .
  • #176,348
  • May 11, 2009 1:37pm May 11, 2009 1:37pm
Quoting mktjong
From hourly chart, looks like buyers are dissipating ..
mktjong,

what do u think about the bullish divergence we are seeing on the 1hr chart.. . 55 ema just above there if buyers kick in. . . yr thoughts bro. . .
  • #176,349
  • May 11, 2009 1:40pm May 11, 2009 1:40pm
Quoting vinesh2
"i know nothing about it but i trade and lose so much in it cuz it move very fast" THEN WHY THE HELL ARE YOU TRADING THIS PAIR in the 1st place. Stop putting your dumb analysis here till you have mastered this pair.
well that was then but now i have some clue about it and trade it always..i dont buy ur advice from stopping me doing mind sharing...as long as my profit run i am happy...
MY OPINION NOT FINANCIAL ADVISE
  • #176,350
  • May 11, 2009 1:41pm May 11, 2009 1:41pm
Quoting quecee5
mktjong,

what do u think about the bullish divergence we are seeing on the 1hr chart.. . 55 ema just above there if buyers kick in. . . yr thoughts bro. . .
thank u queece this is why we need people like u here and we learn from it..keep the piping work..
MY OPINION NOT FINANCIAL ADVISE
  • #176,351
  • May 11, 2009 1:42pm May 11, 2009 1:42pm
Quoting vinesh2
"i know nothing about it but i trade and lose so much in it cuz it move very fast" THEN WHY THE HELL ARE YOU TRADING THIS PAIR in the 1st place. Stop putting your dumb analysis here till you have mastered this pair.
am getting bored with asking old men to hold there water's..looks like you gyz got too much pip's 2day...GUD nite all...
Imanuel Parsifal
  • #176,352
  • May 11, 2009 1:44pm May 11, 2009 1:44pm
Also the daily swing trade was 150.66 to 148.69, looks like we have surpass that PP.

Therefore, if gj continues to trade below s2 support we could see it at the next level of major support located at 145.69 area. . .
  • #176,353
  • May 11, 2009 1:46pm May 11, 2009 1:46pm
Quoting sycho
am getting bored with asking old men to hold there water's..looks like you gyz got too much pip's 2day...GUD nite all...
You are right my bro, na so i dey se am oooo. why will he tell me to stop posting ..i think i should be corrected if i made mistake..i am learning forex in the hard way, i never hard to opportunity of anyone to tell me this is right or wrong, i still push hard...
thanks for the reply..here is not my broker i only learn from here, if my pips is green my eyes is Glooom...hahahahhaha
MY OPINION NOT FINANCIAL ADVISE
  • #176,354
  • May 11, 2009 1:47pm May 11, 2009 1:47pm
Quoting quecee5
mktjong,

what do u think about the bullish divergence we are seeing on the 1hr chart.. . 55 ema just above there if buyers kick in. . . yr thoughts bro. . .
Hi Q,

I don't see any bullish div but there is a resistance around @147.80, which it has been trying to take out but fails so far. Looks like more down from here or re-test today's low again at the least .. maybe.
Possible target area around 145, if that gives way then 140
  • #176,355
  • May 11, 2009 1:49pm May 11, 2009 1:49pm
Quoting quecee5
mktjong,

what do u think about the bullish divergence we are seeing on the 1hr chart.. . 55 ema just above there if buyers kick in. . . yr thoughts bro. . .
Hmmm, I don't see any bullish divergence on the 1hr TF.

I see some quite heavy bearish divergence building on the 30m though.
  • #176,356
  • May 11, 2009 1:49pm May 11, 2009 1:49pm
Quoting quecee5
This is what im seeing. . .

GJ is currently trading below the daily pivot and is bouncing off daily support (s3) back into (s2) resistance trying to regain support there. . .

r3 support at 146.72 and s2 support at 147.44. . .

if it regains this support we could see it try s1 support now turned resistance at 148.69 which is also 55 ema on the 1hr chart. . .

Also, 1hr bullish divergence present which confirms a possible up wave forthcoming to target s1 support turned resistance if we get a 1hr close above s2 support. . .
we have 4 1hrly bar's that have stayed on s2,now we are currently trading below it,and as have noticed for the past 4yrs,towards round figure tf closes price seems to rush towards where the larger traders are..currently hrly due to close in 14min and we are trying to close below s2 at 147.47..if that happens then we see a re-test of s3 146.73..if other wise we could rally around coz there don't seem to be much bull's around..just my quick take...still got my long term shorts from 150.12area targeting 130-118below
Imanuel Parsifal
  • #176,357
  • May 11, 2009 1:51pm May 11, 2009 1:51pm
Quoting quecee5
Also the daily swing trade was 150.66 to 148.69, looks like we have surpass that PP.

Therefore, if gj continues to trade below s2 support we could see it at the next level of major support located at 145.69 area. . .

Thanks for the post and i should read my chart tonight..i need a break now i have had enough from this room today..thanks mate..
i miss pipcruiser too
MY OPINION NOT FINANCIAL ADVISE
  • #176,358
  • May 11, 2009 1:54pm May 11, 2009 1:54pm
Quoting quecee5
Also the daily swing trade was 150.66 to 148.69, looks like we have surpass that PP.

Therefore, if gj continues to trade below s2 support we could see it at the next level of major support located at 145.69 area. . .
the daily show's if we make a close below s3 then 23.6% fibs is an easy take for 2mmrrw...around 143.25area
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Imanuel Parsifal
  • #176,359
  • May 11, 2009 1:54pm May 11, 2009 1:54pm
Well I wouldn't want to please people by vanishing into the mist as some fly by troll so here is a chart for you... Where we will be tomorrow is not my concern, I read the market as it happens and hope this may help some too. Oh, if you want to see my ignorance btw, check out wasp on trade2win.com, although I have been banned for pissing about whilst bored.

Oh, but just before I go....

THERE IS NO TRUE REPRESENTATION OF FOREIGN EXCHANGE VOLUME OUTSIDE FUTURES. IT IS IMPOSSIBLE....

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Ignorance, is blatantly, bliss.
  • #176,360
  • May 11, 2009 2:06pm May 11, 2009 2:06pm
Quoting sycho
we have 4 1hrly bar's that have stayed on s2,now we are currently trading below it,and as have noticed for the past 4yrs,towards round figure tf closes price seems to rush towards where the larger traders are..currently hrly due to close in 14min and we are trying to close below s2 at 147.47..if that happens then we see a re-test of s3 146.73..if other wise we could rally around coz there don't seem to be much bull's around..just my quick take...still got my long term shorts from 150.12area targeting 130-118below

Here is my View also.....if i am wrong someone can correct me but i still trade what i see....this resistance still hold till we close possible gj will test 145 on daily pivot at the previous chart i post ..
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
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