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

  • #178,401
  • May 20, 2009 2:31pm May 20, 2009 2:31pm
Quoting JhonMonsalve
Anybody buying tops?
There is a saying "A good trader buy low and sell high and excellent trader buy high and sell even higher" but now is definitely not the case. lol
  • #178,402
  • May 20, 2009 2:32pm May 20, 2009 2:32pm
Quoting sycho
152 seems a good logical turning point bro...based on my my monthly g/j chart,we are having a a bearish extension i.e. we are moving sideway's,having bearish wedge...have a look below
Very nice naked chart m8 , that's what I'm talking about, Cable is OB in almost all TF's, I think when the pound makes a correction ----> GJ will be very bearish, the point is: what's the right price?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,403
  • May 20, 2009 2:35pm May 20, 2009 2:35pm
Quoting A-speculator
There is a saying "A good trader buy low and sell high and excellent trader buy high and sell even higher" but now is definitely not the case. lol
I don't feel comfortable buying Geppy at those levels, maybe the pros are thinking the same , a correction is most than welcome!, a high percentage on this market is psychological, the feeling about the pound is very positive, I dunno why..., Anybody knows?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,404
  • May 20, 2009 2:35pm May 20, 2009 2:35pm
Quoting PipChick
LOL..way too funny!
hello sis..you have been missing all day..hope all is well,and you did'nt burn your finger in the cross fire...
Imanuel Parsifal
  • #178,405
  • May 20, 2009 2:35pm May 20, 2009 2:35pm
It looks like the consolidation zone didn't breakout, so I expect another test for the lows of the consolidation zone..GU been crazy today with this massive PA..UJ is falling like there is no bottom...

IMHO another consolidation period into next week and PA will test the lows on the weekly TL..



http://www.forexfactory.com/showpost...stcount=178290


Quoting rgitt05
The past 48 hrs the PA been in a consolidation period..There is a news from BEN this afternoon so I wouldn't expect any BO until 2pm today.

My plan is to buy on the dips ..The PA is above the DPP,WPP,MPP for the past few days..My bias is still bullish since Sunday night..

Consolidation Zone 147.35< X < 149.90

Good Luck

[
  • #178,406
  • May 20, 2009 2:40pm May 20, 2009 2:40pm
Quoting Piters
more than that my friend..
there is a FIBO 382 of the last move with confluence of 50 ema [4h].. level where we stop, taking a breath, abounce a bit.. and then we see where we go.. So far that is my target..

but the thing is, when we get there, we are already below 4h gann (hopefuly closed), and that bounce may shoot us to DPP or 1h/4h 5sma at that point..

[my charts]
Piters, are you thinking yet that NY --> buy GJ and Tokyo & london --> sell GJ?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,407
  • May 20, 2009 2:42pm May 20, 2009 2:42pm
im looking for a nice pullback tonight to somewhere between 148 and 149 for a nice long in the morning targetting that high around 151.50 which i think it might try for tomorrow. its been major reisstance for a long time now so when it breaks we might see it fly
  • #178,408
  • May 20, 2009 2:42pm May 20, 2009 2:42pm
Quoting rgitt05
It looks like the consolidation zone didn't breakout, so I expect another test for the lows of the consolidation zone..GU been crazy today with this massive PA..UJ is falling like there is no bottom...

IMHO another consolidation period into next week and PA will test the lows on the weekly TL..



http://www.forexfactory.com/showpost...stcount=178290
If you trade UJ, my opinion is to wait for the weekly candle to close. If it close the way now, I think, there might be a chance to long at current price, but not now.
  • #178,409
  • May 20, 2009 2:44pm May 20, 2009 2:44pm
Quoting rgitt05
It looks like the consolidation zone didn't breakout, so I expect another test for the lows of the consolidation zone..GU been crazy today with this massive PA..UJ is falling like there is no bottom...

IMHO another consolidation period into next week and PA will test the lows on the weekly TL..



http://www.forexfactory.com/showpost...stcount=178290
bro..this is what have been saying since monday...something is not right...g/j rises 600pips and u/j barely squils..now we have u/j earth rocketing like g/j sky rocketed on monday,and g/j does'nt squil...this is the part of recession that i don't like..technical,we are suppose to be scrapping buttoms 140now...i just cant wait to rest out of this one..night be up to a month b/4 i take another look in here..should have taken my doctor's advice...STAY AWAY FROM P.C....
Imanuel Parsifal
  • #178,410
  • May 20, 2009 2:44pm May 20, 2009 2:44pm
Quoting ewokuk
im looking for a nice pullback tonight to somewhere between 148 and 149 for a nice long in the morning targetting that high around 151.50 which i think it might try for tomorrow. its been major reisstance for a long time now so when it breaks we might see it fly
The current formation of 1hr & 4hr does not support of an upward move. Are you sure you want to enter at that price?
  • #178,411
  • May 20, 2009 2:47pm May 20, 2009 2:47pm
I expect a nice reversal for retracement on the GU and GJ..

Good Luck

Attached Image (click to enlarge)
Click to Enlarge Name: GU setup.png Size: 123 KB
[
  • #178,412
  • May 20, 2009 2:54pm May 20, 2009 2:54pm
Quoting GodfreyH
Rgitt, thanks for posting the Waddah Attar indicator, although I was introduced to this indicator early in my trading career, I never did quite grasp what it was doing. But now I understand, so for the purposes of developing an EA, I had to modify it so that it would not re-paint the bar.

So essentially it now calculates on the bar close and not during the bar's development....

Mate pls can u post me ur VSA indicator on that chart
MY OPINION NOT FINANCIAL ADVISE
  • #178,413
  • May 20, 2009 2:56pm May 20, 2009 2:56pm
based on fibs and VSA s/r...am looking at a logical bounce off the 100%fibs around 94.53..depending on vsa and mm at that level..am looking at longing it to the upside....a chart speak's much more..graphical talk..
Attached Image (click to enlarge)
Click to Enlarge Name: cj.gif Size: 39 KB
Imanuel Parsifal
  • #178,414
  • May 20, 2009 3:00pm May 20, 2009 3:00pm
Quoting sycho
based on fibs and VSA s/r...am looking at a logical bounce off the 100%fibs around 94.53..depending on vsa and mm at that level..am looking at longing it to the upside....a chart speak's much more..graphical talk..
Now you're talking man. That make a lot more sense. But, just wait some more. You can't enter long if daily candle close like this on UJ.
  • #178,415
  • May 20, 2009 3:10pm May 20, 2009 3:10pm
The daily candle also doesn't look too good to long. I might as well short this market if its close like this.
  • #178,416
  • May 20, 2009 3:11pm May 20, 2009 3:11pm
I dunno about Geppy, but if cable breaks and close above 1.58, next parade it could be 1.66x, taking Geppy to 1.55 - 1.56

Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 22 KB




What do you think?

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,417
  • May 20, 2009 3:23pm May 20, 2009 3:23pm
daily rsx is pointing up and has plenty more room yet

anyone have an mt4 indicator that just draws a vertical line on the chart to show the start of various sessions, eg NY, tokyo, london ?
  • #178,418
  • May 20, 2009 3:28pm May 20, 2009 3:28pm
I have update my chart as I think geppy will make a retracement after around 149.90 before continuing north with good momentum later.

You can read further here http://forexanalysis.org/forex-analy...-long-journey/
Attached Image
  • #178,419
  • May 20, 2009 3:31pm May 20, 2009 3:31pm
Quoting ewokuk
daily rsx is pointing up and has plenty more room yet

anyone have an mt4 indicator that just draws a vertical line on the chart to show the start of various sessions, eg NY, tokyo, london ?
Yeah, but it might have some significant downmove if daily close as a reversal candle but we can get a much cheaper price to long,can't we?
  • #178,420
  • May 20, 2009 3:49pm May 20, 2009 3:49pm
I don't like the daily formation right now, closed 2 of my longs. Will try to short @ 149.50 and will close if confirmed breakout 150.
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