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

  • #182,501
  • Edited 11:49am Jun 18, 2009 11:43am | Edited 11:49am
Bounce from 38.2 Fib (214-118 Fall) as mentioned yesterday. Could see rise capped at THIS 38.2 Fib from 162-155 fall before descending to 152 area.

Still Short from last week at 15808, targets spaced right down to 117.

Karmo patience pills rules

PS Would be surprised if there was not heavy selling into this quick rise.
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  • #182,502
  • Jun 18, 2009 11:44am Jun 18, 2009 11:44am
Break my UTL and touch my 38.2%..North...

Doji in H4 ? or hammer...so let see how H4 close then going to sleep with setting my SL @ 50% area....
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  • #182,503
  • Jun 18, 2009 11:45am Jun 18, 2009 11:45am
Quoting wormboy
haha. bini aku takdak
Watch the current hour close, if she engulfs that's the cue Okay brother trade safe.
Current G/J 1h candle - if it closes below previous candle creating a bearish pin bar confirming the bus dropping passengers off and turing round for the trip south you mean?
  • #182,504
  • Jun 18, 2009 11:50am Jun 18, 2009 11:50am
Quoting direct-trade
Bounce from 38.2 Fib (214-118 Fall) as mentioned yesterday. Could see rise capped at THIS 38.2 Fib from 162-155 fall before descending to 152 area.

Still Short from last week at 15808, targets spaced right down to 117.

Karmo patience pills rules

PS Wouldnt be surprised if there was not heavy selling into this quick rise.
you are either a sycho..or on overdose of karmo pills..anyway,welcome aboard...HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #182,505
  • Jun 18, 2009 11:52am Jun 18, 2009 11:52am
Will be interesting to see the PA as the computer trading systems kick in over the next 10 mins when this hour closes
  • #182,506
  • Jun 18, 2009 11:52am Jun 18, 2009 11:52am
Quoting wormboy
haha. bini aku takdak
Watch the current hour close, if she engulfs that's the cue Okay brother trade safe.
patut gersang...ya let see H1 and H4 how they wanna close....aiseh S&P and DJ in H1 keep growth...

Bull trap?
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  • #182,507
  • Jun 18, 2009 11:54am Jun 18, 2009 11:54am
Quoting uksnowman
Current G/J 1h candle - if it closes below previous candle creating a bearish pin bar confirming the bus dropping passengers off and turing round for the trip south you mean?
If you're looking at the same h4 channel ( http://www.forexfactory.com/attachme...8&d=1245337874 )
then yes the hourly close needs to be paid closed attention to since price is almost at the top of the channel. Depends how she closes at the turn. A weak signal closing ie a star or engulfing pattern then positioning for selling I suppose would be preferable. If you're patient enough to wait for another hour close to confirm is of course paramount.

Good luck
Thank You
  • #182,508
  • Jun 18, 2009 11:55am Jun 18, 2009 11:55am
Quoting sycho
you are either a sycho..or on overdose of karmo pills..anyway,welcome aboard...HOLLA
CAPTAIN Sycho..
Thanks for the welcome bro.

I always expect the unexpected, seems to work.

I am thinking quick spike above this fib to catch weak Shorts, rapid sell-off.

Many will be caught out before Friday close..large are Sl's the order this month.
  • #182,509
  • Jun 18, 2009 12:05pm Jun 18, 2009 12:05pm
Quoting wormboy
If you're looking at the same h4 channel ( http://www.forexfactory.com/attachme...8&d=1245337874 )
then yes the hourly close needs to be paid closed attention to since price is almost at the top of the channel. Depends how she closes at the turn. A weak signal closing ie a star or engulfing pattern then positioning for selling I suppose would be preferable. If you're patient enough to wait for another hour close to confirm is of course paramount.

Good luck
i think i will wait for a test of 158.08 to look for any short..or most likely long....HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #182,510
  • Jun 18, 2009 12:07pm Jun 18, 2009 12:07pm
Just to share while do nothing..

M30 Hanging man. 50% H4?.....ok guys am sleepy...Good luck to all of you and happy pipin....
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  • #182,511
  • Jun 18, 2009 12:12pm Jun 18, 2009 12:12pm
Quoting sycho
i think i will wait for a test of 158.08 to look for any short..or most likely long....HOLLA
CAPTAIN Sycho..
158.08 / top of the h4 channel is being challenged now my friend.
I won't call it either way just yet

Time to nurse the trade. Laters
Thank You
  • #182,512
  • Jun 18, 2009 12:19pm Jun 18, 2009 12:19pm
we bounced right off the lower value area of yesterday(156) . In value area trading this is called the 80 % rule .

The symmetry on the 1 hour has now been broken as has the upper tl . They are just buying her up . I would not be trying to sell , rather buy dips as we are above the upper value area of yesterday ( 157.20). This is bullish and when price is above the value area of the previous day longs are the only way to go .

Looking at 4 hour as Q said we are heading in to the 159 and maybe even another test of 160. he was just a we bit early. 155 had to be tested before we took off.

what a wild week for swing traders !!! unless you got in at 160 sell and 155 long likely they are getting whipsawed to death

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Blogging daily now at www.volume.zone
  • #182,513
  • Jun 18, 2009 12:24pm Jun 18, 2009 12:24pm
Quoting wormboy
158.08 / top of the h4 channel is being challenged now my friend.
I won't call it either way just yet

Time to nurse the trade. Laters
yeap..bro..and am seeing expanding bullish volume bar's on my 15min tf..like i said since everyone is screaming sell now,i favour more of the bulls,might pull some trigger very soon.still looking at my earlier posted wkly target..160areas.HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #182,514
  • Jun 18, 2009 12:27pm Jun 18, 2009 12:27pm
Quoting sycho
yeap..bro..and am seeing expanding bullish volume bar's on my 15min tf..like i said since everyone is screaming sell now,i favour more of the bulls,might pull some trigger very soon.still looking at my earlier posted wkly target..160areas.HOLLA
CAPTAIN Sycho..
yeah ... they fixed that manufacturing report. Look what happened to ES.

Still holding my long off 156.5 , may close her up before US close on test 159 zone.
Blogging daily now at www.volume.zone
  • #182,515
  • Jun 18, 2009 12:29pm Jun 18, 2009 12:29pm
Quoting wormboy
158.08 / top of the h4 channel is being challenged now my friend.
I won't call it either way just yet

Time to nurse the trade. Laters
inverted pin bar on d 5min,is forming,into hammer..am shorting from 158.43..1st try..let's see if dragon holds..wish me luck bro..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #182,516
  • Jun 18, 2009 12:31pm Jun 18, 2009 12:31pm
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Blogging daily now at www.volume.zone
  • #182,517
  • Jun 18, 2009 12:33pm Jun 18, 2009 12:33pm
here we go..low volume updrive on 15min,5min,am holding this one a little,weighing my chances..i think it's worth the risk..HOLLA
CAPTAIN Sycho..
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Imanuel Parsifal
  • #182,518
  • Jun 18, 2009 12:34pm Jun 18, 2009 12:34pm
Quoting sycho
inverted pin bar on d 5min,is forming,into hammer..am shorting from 158.43..1st try..let's see if dragon holds..wish me luck bro..HOLLA
CAPTAIN Sycho..

not sure she is done yet .. that was 1st sign of weakness . .this one will not turn on a dime i do not think .

I am looking for a low vol test of 158.5 or even 159 zone
Blogging daily now at www.volume.zone
  • #182,519
  • Jun 18, 2009 12:38pm Jun 18, 2009 12:38pm
As I said, quick spike, lets see...
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  • #182,520
  • Jun 18, 2009 12:41pm Jun 18, 2009 12:41pm
Quoting sycho
inverted pin bar on d 5min,is forming,into hammer..am shorting from 158.43..1st try..let's see if dragon holds..wish me luck bro..HOLLA
CAPTAIN Sycho..
for this one..a quick 50-80pips would be o.k...looking at locking in once i get some distance away..things are beginning to look very volatile and messy on smaller tf..holding unto the short,and playing her which ever way she want's to be played..best of luck all...HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
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