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

  • #183,261
  • Jun 26, 2009 12:22pm Jun 26, 2009 12:22pm
Note on 4hr,

Rejection from upper trend line again.
Symetrical triangle forming, meaning move could be either way.

BUT, my bias is Bearish because:

Head and shoulders formation

4th rejection from 4hr upper trendline,

4 daily doji's due to sideways move within channel until upper trendline touched.
looking into price further:

4 hr multiple MA's all moving to downside and spine broken (those familiar with Lynix Troll),

4hr Heiken Ashi candle just closed as Hammer.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ha 1.gif Size: 23 KB
Click to Enlarge Name: ha 2.gif Size: 27 KB
Click to Enlarge Name: ha 3.gif Size: 29 KB
  • #183,262
  • Jun 26, 2009 12:47pm Jun 26, 2009 12:47pm
Quoting direct-trade
Note on 4hr,

Rejection from upper trend line again.
Symetrical triangle forming, meaning move could be either way.

BUT, my bias is Bearish because:

Head and shoulders formation

4th rejection from 4hr upper trendline,

4 daily doji's due to sideways move within channel until upper trendline touched.
looking into price further:

4 hr multiple MA's all moving to downside and spine broken (those familiar with Lynix Troll),

4hr Heiken Ashi candle just closed as Hammer.
should i say i dont know where it will go so i should have enough patience...the bias now is mixed so just be patience with the trade if u are wise enough ...my chart is showing we have a strong resistance there and if we break this nevertheless we are going up higher ..
i accept what queece said patience is the key of GJ...have a great weekend to u all...
Attached Image (click to enlarge)
Click to Enlarge Name: hmm.gif Size: 37 KB
MY OPINION NOT FINANCIAL ADVISE
  • #183,263
  • Jun 26, 2009 12:52pm Jun 26, 2009 12:52pm
Quoting donfriday
should i say i dont know where it will go so i should have enough patience...the bias now is mixed so just be patience with the trade if u are wise enough ...my chart is showing we have a strong resistance there and if we break this nevertheless we are going up higher ..
i accept what queece said patience is the key of GJ...have a great weekend to u all...
Quoted for me. Ehhh?
  • #183,264
  • Jun 26, 2009 12:55pm Jun 26, 2009 12:55pm
Quoting direct-trade
Quoted for me. Ehhh?

not u alone ...to everyone reading this thread....
I'm out of here i need sometime to chill have fun outside ....have a great weekend/.
MY OPINION NOT FINANCIAL ADVISE
  • #183,265
  • Jun 26, 2009 1:02pm Jun 26, 2009 1:02pm
R.I.P. big GUY....

Inserted Video


The best of MJ.. (enjoy the video)

have a nice weekend guys...

cya ...
  • #183,266
  • Jun 26, 2009 1:56pm Jun 26, 2009 1:56pm
Folks,

Looking at the daily chart, price may close above the yellow trend line. Moving to a 4 hr. chart, price has retested the yellow trend line and closed above.

But there is lower highs and higher lows. For me, it is wait time until either white-dash trend line is broken.

By broken, I mean price actually closes above or below. Many times, there is a retest of the trend line.

With next week being the close of June and the week of the 4th of July and the beginning of the summer slowdown, I just expect a ranging market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily gbp jpy.gif Size: 38 KB
Click to Enlarge Name: 4 hr. gbp jpy.gif Size: 43 KB
  • #183,267
  • Jun 26, 2009 2:12pm Jun 26, 2009 2:12pm
gj-4h 1440ema
http://s46.radikal.ru/i114/0906/52/1de3c1198258.gif
  • #183,268
  • Jun 26, 2009 2:15pm Jun 26, 2009 2:15pm
What are you telling us with this chart?




Quoting naatha
gj-4h 1440ema
http://s46.radikal.ru/i114/0906/52/1de3c1198258.gif
[
  • #183,269
  • Jun 26, 2009 2:34pm Jun 26, 2009 2:34pm
http://s49.radikal.ru/i124/0906/36/50fc6ddc9d69.gif
ZZ-X-ZZ or ZZ-X-1.618*ZZ
  • #183,270
  • Jun 26, 2009 2:38pm Jun 26, 2009 2:38pm
Can you elaborate with words explaining what your charts is showing?

Thanks


Quoting naatha
http://s49.radikal.ru/i124/0906/36/50fc6ddc9d69.gif
ZZ-X-ZZ or ZZ-X-1.618*ZZ
[
  • #183,271
  • Edited 2:54pm Jun 26, 2009 2:41pm | Edited 2:54pm
Quoting naatha
http://s49.radikal.ru/i124/0906/36/50fc6ddc9d69.gif
ZZ-X-ZZ or ZZ-X-1.618*ZZ
I still dont get it .. may be arrows might help... if not words..

Thanks

I have noticed on daily ... Besides Dojis .. we can see Rounding Bottom.

We can clearly see that on 4 hr.. Just a thought..!!

My concern is why its not tanking.. (range)??
Markets are not Random, they are designed!
  • #183,272
  • Edited 8:16pm Jun 26, 2009 3:08pm | Edited 8:16pm
Quoting naatha
http://s49.radikal.ru/i124/0906/36/50fc6ddc9d69.gif
ZZ-X-ZZ or ZZ-X-1.618*ZZ
Quoting rgitt05
Can you elaborate with words explaining what your charts is showing?

Thanks
Quoting Raza
I still dont get it .. may be arrows might help... if not words..

Thanks

I have noticed on daily ... Besides Dojis .. we can see Rounding Bottom.

We can clearly see that on 4 hr.. Just a thought..!!

My concern is why its not tanking.. (range)??
nice count.
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  • #183,273
  • Jun 26, 2009 3:09pm Jun 26, 2009 3:09pm
Quoting Raza
I still dont get it .. may be arrows might help... if not words..

Thanks

I have noticed on daily ... Besides Dojis .. we can see Rounding Bottom.

We can clearly see that on 4 hr.. Just a thought..!!

My concern is why its not tanking.. (range)??

can u imagine someone telling me is expecting a break on 4hrs TRL today friday...i am sure is seeing the information now before market close so maybe is going to place 1million lot to push the market for 1hr and break it..
how are u mate and what new?
MY OPINION NOT FINANCIAL ADVISE
  • #183,274
  • Jun 26, 2009 3:11pm Jun 26, 2009 3:11pm
you bet .
i was actually thinking that gbp has finished climbing like crazy, and will continue to fall after a rebound @ 152/150 area... but first things first. 150 it is.
i am planning to add more shorts on a break of today's low - 156.63.


Quoting rgitt05
Lower highs and lower lows along the downward 4hr TL. (bearish trend)

Consolidation for a big drop IMHO.

As long as the 4hr TL holds , my bias is bearish toward the 150.50 support zone on the 61.8% fib and lower weekly TL.

Good Luck

Nihil Sine Deo.
  • #183,275
  • Jun 26, 2009 4:30pm Jun 26, 2009 4:30pm
Quoting Scrat
you bet .
i was actually thinking that gbp has finished climbing like crazy, and will continue to fall after a rebound @ 152/150 area... but first things first. 150 it is.
i am planning to add more shorts on a break of today's low - 156.63.
looking at daily and current 4h set up I'm not sure about drop right now, m thinking long to 159.2 or more; both GU and GJ have potential for upside move IMHO
  • #183,276
  • Jun 26, 2009 6:27pm Jun 26, 2009 6:27pm
Today was one of the most boring days in trading, can the death of MJ affects trading?
  • #183,277
  • Jun 26, 2009 6:41pm Jun 26, 2009 6:41pm
Nice to see a fellow rainbow trader
Quoting direct-trade
Note on 4hr,

Rejection from upper trend line again.
Symetrical triangle forming, meaning move could be either way.

BUT, my bias is Bearish because:

Head and shoulders formation

4th rejection from 4hr upper trendline,

4 daily doji's due to sideways move within channel until upper trendline touched.
looking into price further:

4 hr multiple MA's all moving to downside and spine broken (those familiar with Lynix Troll),

4hr Heiken Ashi candle just closed as Hammer.
  • #183,278
  • Jun 26, 2009 6:43pm Jun 26, 2009 6:43pm
Quoting pino2
Today was one of the most boring days in trading, can the death of MJ affects trading?

not sure what pair you were trading ..GU was a lovely day for scalping. i did not trade today
Blogging daily now at www.volume.zone
  • #183,279
  • Jun 26, 2009 9:54pm Jun 26, 2009 9:54pm
Quoting pkimnyc
nice count.
simplified version:
Attached Image (click to enlarge)
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  • #183,280
  • Jun 26, 2009 10:16pm Jun 26, 2009 10:16pm
some comparison to keep in mind.

08 data vs. now

summer rally.
Attached Image(s) (click to enlarge)
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