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

  • #179,621
  • May 27, 2009 6:42pm May 27, 2009 6:42pm
On the 1 hour chart, put your high on 152.84 and low on 151.69. I know you're probably wondering why it is I'm not using the following swing, but I do believe the bounce at the 23.6 level confirms we're on the correct cycle. Since we have already "signaled" the breach of 152.84, be advised that once it breaches again it may reach 153.28 and eventually 153.55. Although failed fibs do happen a breach of 151.69 is a great selling opportunity to see at least 151.25 and possibly 150.98. Hope this helps...

www.youtube.com/profitfromforex
  • #179,622
  • May 27, 2009 6:45pm May 27, 2009 6:45pm
It would help with charts..




Quoting Networx
On the 1 hour chart, put your high on 152.84 and low on 151.69....
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  • #179,623
  • May 27, 2009 6:46pm May 27, 2009 6:46pm
Quoting rgitt05
Atm the 152.00 is holding up after the DJ closed -127 today.

PA showed today the Monthly R1 at 152.00 is acting as a Support atm

The 152.00 need to break to confirm the bull is over short term until the WPP 148.00.

Three playout:

A. Consolidation( Blue arrow)

Range between 152.00 monthly R1 and 153.00

B. Break of the 152.00 support zone and test the WPP at 148.00
(Red Arrow)

C. Break of the 153.00 resistance zone to confirm retracement to the 38.2% 156.00 area ( [color=lime][b]Green...
Thank you for the Analysis, truly appreciated. The Dow actually closed down a -173 pts. I closed my short for like a 10 pip profit, will wait and see what happens during the Asian Session, and will consider a possible short then.
  • #179,624
  • May 27, 2009 6:55pm May 27, 2009 6:55pm
The 152.00 looks tough to break...I believe the PA will go up if the 153.00 breaks.



Quoting dreed
Thank you for the Analysis, truly appreciated. The Dow actually closed down a -173 pts. I closed my short for like a 10 pip profit, will wait and see what happens during the Asian Session, and will consider a possible short then.
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  • #179,625
  • May 27, 2009 7:02pm May 27, 2009 7:02pm
15M pin bar . hammer.. 4 hr doji... retrace is imminent to 151.47.. ImO.. THEN OPPORTUNITY TO BUY TILL 153.96..
Markets are not Random, they are designed!
  • #179,626
  • May 27, 2009 7:04pm May 27, 2009 7:04pm
Quoting selatanfx
Wait untill 153.20 to reload the sell
I still have my earlier pending sell limit of 153.11... Missed by two pips....

Guess we'll have to wait and see...
  • #179,627
  • May 27, 2009 7:05pm May 27, 2009 7:05pm
Quoting rgitt05
Atm the 152.00 is holding up after the DJ closed -127 today.

PA showed today the Monthly R1 at 152.00 is acting as a Support atm

The 152.00 need to break to confirm the bull is over short term until the WPP 148.00.

Three playout:

A. Consolidation( Blue arrow)...
Great! I see a classic BD on cable (4h TF), I think is matter of time for a nice tanking, besides, All indi's indicate OB in cable.

Attached Image (click to enlarge)
Click to Enlarge Name: cable4h.gif Size: 28 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #179,628
  • May 27, 2009 7:09pm May 27, 2009 7:09pm
PA is your footprint where the areas are holding..

Keep it simple..Look at today PA around the 152.00 area..



Noticed everytime the PA bounced from the 152.00 support zone the PA set a higher high..


Quoting Raza
15M pin bar . hammer.. 4 hr doji... retrace is imminent to 151.47.. ImO.. THEN OPPORTUNITY TO BUY TILL 153.96..
Attached Image (click to enlarge)
Click to Enlarge Name: setupE.png Size: 142 KB
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  • #179,629
  • May 27, 2009 7:16pm May 27, 2009 7:16pm
Quoting rgitt05
PA is your footprint where the area are holding..

Keep it simple..Look at today PA around the 152.00 area..



Noticed everytime the PA bounced from the 152.00 support zone the PA set a higher high..
It also looks like H&S formation.. 150 pip drop is expected... but again trade your charts
Markets are not Random, they are designed!
  • #179,630
  • May 27, 2009 7:20pm May 27, 2009 7:20pm
Quoting rgitt05
The 152.00 looks tough to break...I believe the PA will go up if the 153.00 breaks.

Just saw on Bloomberg TV, that all the Futures are down, and if you click on the link below, it will show that the Nikkei is Down as well.

For Now, I am just sitting on the sidelines and watching GBP/JPY Price Action. I wonder how it will react to all the downward trends appearing in the Asian equities mkt.

http://www.nni.nikkei.co.jp/e/fr/tnks/marketlive.aspx
  • #179,631
  • May 27, 2009 7:22pm May 27, 2009 7:22pm
Quoting sachin_syd
Hi

Can you explain a bit more on using this. I copied it to indicator folder but my platform started freezing
thanks

Sachin
yes i am intersted to know on thi indi too
  • #179,632
  • May 27, 2009 8:00pm May 27, 2009 8:00pm
The weekly R1 maybe the reversal or PB zone at 153.58..

Trade your charts







Quoting rgitt05
Atm the 152.00 is holding up after the DJ closed -127 today.

PA showed today the Monthly R1 at 152.00 is acting as a Support atm

The 152.00 need to break to confirm the bull is over short term until the WPP 148.00.

Three playout:

A. Consolidation( Blue arrow)...
Attached Image (click to enlarge)
Click to Enlarge Name: setupD.png Size: 132 KB
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  • #179,633
  • May 27, 2009 8:07pm May 27, 2009 8:07pm
153.02 GBPJPY short fellas!
  • #179,634
  • May 27, 2009 8:16pm May 27, 2009 8:16pm
PA today shows me that the direction is still bullish..

My target is still 156.00 area or 38.2% fib level or Weekly R2.

Since sunday, the overall direction been upward..

Trade your charts.

Attached Image (click to enlarge)
Click to Enlarge Name: weekly setup.png Size: 163 KB
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  • #179,635
  • May 27, 2009 8:28pm May 27, 2009 8:28pm
Quoting rgitt05
PA today shows me that the direction is still bullish..

My target is still 156.00 area or 38.2% fib level or Weekly R2.

Since sunday, the overall direction been upward..

Trade your charts.

I am watching it carefully to see if it does break the 152.00 area going down, as your previous chart suggested... With GU going the opposit direction, I am overly cautions right now. I am wondering if the Smart money are waiting for us small retail traders to go long, and then they pounce and take it short. I don't like the fact futures are all down, and GU is Down, just seem like a possible set up... And RSI is showing over-bought

Will continue to sit on the sidelines for a while.
  • #179,636
  • Edited 8:53pm May 27, 2009 8:40pm | Edited 8:53pm
I would not focus too much into the Dow future because NY doesn't open for at least 12 hrs...Bias can change after the europe market open...Indicators lagg all the time...PA is the best way to predict the direction..If you look at my charts, I predicted the direction of GJ based on the PA on the S/R,TL's..

Trendline are your friends..

Keep it simple.. Keep focus on the trend and S/R area on Higher TF..

Fundamentals are just " Fun" damentals...The news is used as a market maker to move the market..Fear is the biggest factor in trading..
Humans behavior most of the time react the same to fear..Don't get to caught up into the media news..

TRADE THE CHARTS.. NO emotions allowed...
Think how EA's( Expert Advisor) work. Trade like a robot..




Quoting dreed
I am watching it carefully to see if it does break the 152.00 going down, as your previous chart suggested... With GU going the opposit direction, I am overly cautions right now. I am wondering if the Smart money are waiting for us small retail traders to go long, and then they pounce and take it short. I don't like the fact futures are all down, and GU is Down, just seem like a possible set up... And RSI is showing over-bought

Will continue to sit on the sidelines for a while.
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  • #179,637
  • May 27, 2009 8:55pm May 27, 2009 8:55pm
Quoting rgitt05
I would not focus too much into the Dow future because NY doesn't open for at least 12 hrs...Bias can change after the europe market open...Indicators lagg all the time...PA is the best way to predict the direction..If you look at my charts, I predicted the direction of GJ based on the PA on the S/R,TL's..

Trendline are your friends..

Keep it simple.. Keep focus on the trend and S/R area on Higher TF..

Fundamentals are just " Fun" damentals...The news is used as a market maker to move the market..Fear is the biggest factor in trading..
Humans...

What do you make of uj?
  • #179,638
  • May 27, 2009 8:57pm May 27, 2009 8:57pm
Quoting crisis
153.02 GBPJPY short fellas!
As H1 just above gann...

I believe you shoudl wait ad yesterday close above 152 and fundemenatally weekly 38.2% @ my UTL should completed first before big drop...

am looking my 153.50 first then 155.50 final target..

This week seem like a take too much rest lol...Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: wait.JPG Size: 99 KB
  • #179,639
  • May 27, 2009 8:58pm May 27, 2009 8:58pm
Quoting I like steak
What do you make of uj?
I thought BOJ said they would not intervene in the fx market ... liars !!!!

volume last 2 hour uj has been highest it has been in last 48 hours
Blogging daily now at www.volume.zone
  • #179,640
  • May 27, 2009 9:00pm May 27, 2009 9:00pm
I am mainly focus on GJ,GU..

Focus on GJ and you will be a better trader..

When you are driving, do you look at other traffic lights to make a decision to go or stop...Stay focus on my pair and master it...

Look for the major S/R, TL's for PA reversal or BO..




Quoting I like steak
What do you make of uj?
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