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

  • #176,961
  • May 13, 2009 12:42pm May 13, 2009 12:42pm
anyways,

as the second chart in this post explains
http://www.forexfactory.com/showpost...stcount=176872

we are not going tosee anything lower than 143.77 or 143.53 max

this will be the bounce level for uptrend resumption to 155.88
  • #176,962
  • May 13, 2009 12:42pm May 13, 2009 12:42pm
Quoting malcolmb14
daily chart ...refer to notes on charts .. if 140 taken out then 138 and eventually 130 , if that head and shoulders in Uj plays out to 90ish and US stock markets retrace

Attachment
I know it might be a funny question, but consider it teaching a newbie: if you look at the bullish channel, there occasions in which the symmetry has not hold, but we have hit the upper tradeline...could this turn out to be one of them?
  • #176,963
  • May 13, 2009 12:44pm May 13, 2009 12:44pm
Quoting uksnowman
Grashid, I like your analysis and charts they make a lot of sense to me....
always trade on the time frame you opened the trade on, never never switch time frames. otherwise your analysis and your plans will go to the winds.
  • #176,964
  • May 13, 2009 12:46pm May 13, 2009 12:46pm
Quoting sometospend
malcolmb are u playing this channel 146-144.85
Iwas going to stop trading but this range is just to good
Blogging daily now at www.volume.zone
  • #176,965
  • May 13, 2009 12:47pm May 13, 2009 12:47pm
Quoting sycho
hahha!.lol..am selling all the way to 130-118 how about you start buying now bro..would be a cool way to start collecting it back..
I ain't gonna make u rich when I'm wrong I get out next trade lol
  • #176,966
  • May 13, 2009 12:52pm May 13, 2009 12:52pm
i saw it forming and had to leave my comp. now im sooo pissed,theres probably no sweeater pip than a range pip
  • #176,967
  • May 13, 2009 12:54pm May 13, 2009 12:54pm
Didnt you guys hear the news today

what on earth makes you think the pound is looking up again for a while.

Gbp is done for, it will tank and break the daily channel, the only reason it went up for tha past few weeks was because of the bs we were receieving that the economy is improving, and when the guy comes out and says that the economy is messed up then he means it, so this pair is going nothing but down, im selling big time
  • #176,968
  • May 13, 2009 1:06pm May 13, 2009 1:06pm
quecee5 is correct.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #176,969
  • May 13, 2009 1:07pm May 13, 2009 1:07pm
Quoting Estero
I ain't gonna make u rich when I'm wrong I get out next trade lol
damn!i was so hoping on those!....
Imanuel Parsifal
  • #176,970
  • May 13, 2009 1:28pm May 13, 2009 1:28pm
I agree with Malco always look at other TF's for entry and exits. If you look at only one tf u will not have a good entry and will get locked up in a draw down which will erase your margin big time. So look for trends on higer tf and look at short tf for entry and exits
  • #176,971
  • May 13, 2009 1:35pm May 13, 2009 1:35pm
I think GJ is gearing up for that big impulse move upward. Let's see if I can catch it entirely this time. GU and UJ are both at strong supports so if both bounces, GJ will flai. I will be watching for the quick dip during London for bear trap and quick reverse. That should be confirmation that the smart money are ready to take her higher. This should be another 1000+ pips move: 145 to 155+. The last impulse move was from 139 to 150.86 for 1186 pips.
  • #176,972
  • May 13, 2009 1:37pm May 13, 2009 1:37pm
Ahh the median in my graph is acting as such a great resistance.

A close above it and things might change.
Attached Image
  • #176,973
  • May 13, 2009 1:40pm May 13, 2009 1:40pm
Quoting malcolmb14
newbies this is nonsense. I often plan trades using 60 /30 and 15 min charts and enter on a 5 and exit on a 15 . Taregst are targets no matter if you are trading a 5 min , 15 min or daily chart

have a plan to enter at a certain level for a certain reason and then have a plan to exit at a certain level.
Hi Malcolm.Do you think this will go below 143.55 or so? Thanks
  • #176,974
  • May 13, 2009 1:47pm May 13, 2009 1:47pm
Quoting taomql4
hello room--i just open my micro account--can someone tell me what Bid/ASk means--
and Malcolmb what are those lines under your chart--are those volumes--ewwwww--they look ugly--i here they suck--why are you using them---maybe be on your 4000th winning trade i will re-consider.

okay back to my 0.0001 lots now

thanks

The Market pays you to be disciplined
  • #176,975
  • May 13, 2009 1:48pm May 13, 2009 1:48pm
Quoting taomql4
hello room--i just open my micro account--can someone tell me what Bid/ASk means--
and Malcolmb what are those lines under your chart--are those volumes--ewwwww--they look ugly--i here they suck--why are you using them---maybe be on your 4000th winning trade i will re-consider.

okay back to my 0.0001 lots now

thanks

HA - great stuff
--post hoc ergo propter hoc--
  • #176,976
  • May 13, 2009 1:52pm May 13, 2009 1:52pm
see....now when moves like this happen....i always wonder...."what were they (whoever they are) waiting on?"

Why now at 2:48 PM EST do they decide to drop the price 50+ pips?
--post hoc ergo propter hoc--
  • #176,977
  • May 13, 2009 1:54pm May 13, 2009 1:54pm
Here is my take on GBP/JPY for the rest of the week.

IF the pair drops to 144. it may see 143, also, it may not see 143.

On the other hand if it reaches 145 it may go to 146, or it may not do this either.

In case it goes to 147, it may even get to 147.50 Or it may drop from 147 to 146.90

It is also possible that I may be wrong!

  • #176,978
  • May 13, 2009 1:57pm May 13, 2009 1:57pm
Quoting shiva
Here is my take on GBP/JPY for the rest of the week.

IF the pair drops to 144. it may see 143, also, it may not see 143.

On the other hand if it reaches 145 it may go to 146, or it may not do this either.

In case it goes to 147, it may even get to 147.50 Or it may drop from 147 to 146.90

It is also possible that I may be wrong!

a complete diplomat, i love this post.
  • #176,979
  • May 13, 2009 2:02pm May 13, 2009 2:02pm
Quoting forexlion
a complete diplomat, i love this post.
I have mastered the high art of accurate chart analysis by studying major forex sites LOL
  • #176,980
  • May 13, 2009 2:25pm May 13, 2009 2:25pm
It should be FXLion14 and middle aged malcomb
Why don't both of you call where this will turn around, I'll keep score, round 1
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