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

  • #183,621
  • Edited 12:15pm Jul 2, 2009 8:30am | Edited 12:15pm
Quoting donfriday
i was expecting this bounce seriously...
Looks like its all working out as stated yesterday. . .

160.20 held and now we have completed wave c of B and we are now in wave C of the ABC correction. . .

Should see price held on down to 155.60 area with a minor stop at 156.30/60.

I'm expecting a bounce there before we head down to break the shampoo neckline to our target of 152.80, then 151.40 area. . . Break there and we see a full retracement back down to 146/143 area. . .

See chart. . .

Have a gd weekend all. . .

btw: This is the same chart I posted at the beginning of last week with retrace back to 160.30/50 area then down to 150 min. . .
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  • #183,622
  • Jul 2, 2009 8:49am Jul 2, 2009 8:49am
Remember this decending trend line piters posted last week? it origianaly was resistance now its acting as a suport. might retrace a bit if we don't close below it this hourly candle, but will eventualy smash past it. just my opinion.
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  • #183,623
  • Jul 2, 2009 9:01am Jul 2, 2009 9:01am
Quoting quecee5
Looks like its all working out as stated yesterday. . .

160.20 held and now we have completed wave c of B and we are now in wave C f the ABC correction. . .

Should see price held on down to 155.60 area with a minor stop at 156.30/60.

I'm expecting a bounce there before we head down to break the shampoo neckline to our target of 152.80, then 151.40 area. . . Break there and we see a full retracement back down to 146/143 area. . .

See chart. . .

Have a gd weekend all. . .

btw: This is the same chart I posted at the beginning of last...
  • #183,624
  • Jul 2, 2009 9:12am Jul 2, 2009 9:12am
Quoting grashid
Here is my GY view....since last few week

http://www.forexfactory.com/showpost...stcount=182720

I just wanna see 155.50 first..then...150.50/151..good luck all
what have you done to GJ Grashid.....i am not on y system just checking PA and i saw low 156....i can see today is your day...well i cool i was not sure of where the news will go so i had to close all my positions...
i will join later tomorrow or next week..
Happy for shorties..
MY OPINION NOT FINANCIAL ADVISE
  • #183,625
  • Jul 2, 2009 9:21am Jul 2, 2009 9:21am
Quoting donfriday
what have you done to GJ Grashid.....i am not on y system just checking PA and i saw low 156....i can see today is your day...well i cool i was not sure of where the news will go so i had to close all my positions...
i will join later tomorrow or next week..
Happy for shorties..
sure great mate..but i close for 0 in my 157.90..mmm...200for GY and 150 for GU from yesterday setting...let see the remaining for my 155.50 and 1.6250-1.6150 accordingly...see u then..Take care
  • #183,626
  • Jul 2, 2009 9:26am Jul 2, 2009 9:26am
Quoting quecee5
Looks like its all working out as stated yesterday. . .

160.20 held and now we have completed wave c of B and we are now in wave C f the ABC correction. . .

Should see price held on down to 155.60 area with a minor stop at 156.30/60.

I'm expecting a bounce there before we head down to break the shampoo neckline to our target of 152.80, then 151.40 area. . . Break there and we see a full retracement back down to 146/143 area. . .

See chart. . .

Have a gd weekend all. . .

btw: This is the same chart I posted at the beginning of last...

This is the day we have been waiting for so no more shaking news is done by range let face the reality of trend and clear PA bias, this week suck and boring, sorry for that language but i hate this week for real..
you my mentor if u notice...i was away from my system so dont know what happen just open ff to check current post and if anyone post the PA..
nice short and hope more tank of fuel and fire burn it down to 150 and 148.
you have my vouch..baby queece
MY OPINION NOT FINANCIAL ADVISE
  • #183,627
  • Jul 2, 2009 9:36am Jul 2, 2009 9:36am
Quoting donfriday
This is the day we have been waiting for so no more shaking news is done by range let face the reality of trend and clear PA bias, this week suck and boring, sorry for that language but i hate this week for real..
you my mentor if u notice...i was away from my system so dont know what happen just open ff to check current post and if anyone post the PA..
nice short and hope more tank of fuel and fire burn it down to 150 and 148.
you have my vouch..baby queece
what? U can vouch now don..mm..Raza too...wow..both of you now are pro ya...i did'nt realise it while busy in my GU stuff...congrat to both of u...anyway am still newbies..k mate see you later..need to take my bed....Good luck
  • #183,628
  • Jul 2, 2009 9:41am Jul 2, 2009 9:41am
Quoting grashid
what? U can vouch now don..mm..Raza too...wow..both of you now are pro ya...i did'nt realise it while busy in my GU stuff...congrat to both of u...anyway am still newbies..k mate see you later..need to take my bed....Good luck
hahhahahahah...grashid vouch is nothing--it cannot grow ur acc ....u trade bigger than i am just a small trader. forex is damn new in my country---sleep well...
I'm out till i return home.
MY OPINION NOT FINANCIAL ADVISE
  • #183,629
  • Jul 2, 2009 10:15am Jul 2, 2009 10:15am
Quoting beejay
im seeing 156.60 as my target, then 155. a little shake up cannot be rule out during NPF. just my thought
154 here we come
  • #183,630
  • Jul 2, 2009 10:28am Jul 2, 2009 10:28am
Quoting quecee5
Looks to me we are still in a 4th wave correction ABC. . .
We have completed the right shoulder of the H&S bearish formation.
Based on the swing high/low of the last wave I expect to see 156.90 area tested sooner than later.

A break of this supports takes us back to the H&S neckline 154.90 area.
If that support is broken then look for 152.80 then 150.50. . .

This is all contingent upon 160.20 resistance holding. . .
Look what the master said
  • #183,631
  • Edited 11:12am Jul 2, 2009 10:49am | Edited 11:12am
Quoting quecee5
Looks like its all working out as stated yesterday. . .

160.20 held and now we have completed wave c of B and we are now in wave C f the ABC correction. . .

Should see price held on down to 155.60 area with a minor stop at 156.30/60.

I'm expecting a bounce there before we head down to break the shampoo neckline to our target of 152.80, then 151.40 area. . . Break there and we see a full retracement back down to 146/143 area. . .

See chart. . .

Have a gd weekend all. . .

btw: This is the same chart I posted at the beginning of last...
Hi Q and all,

Excellent analysis bro.

Watching this PA now at 15700/20. Do you think this will fail (Lower blue line on chart) or are we going to see a bounce from here?

Short at 15808, so wondering wether to lock in and ride or close right now. Seems to be minor support here which could turn into major support?

Seems from chart I posted a few days ago (bottom chart) that senario 2 or 3 is now in play, but swayed towards senario 3

What do you all think? Retest of lower range 15790 before descent again?
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  • #183,632
  • Jul 2, 2009 10:50am Jul 2, 2009 10:50am
malcolm will probably like this

see that huge upthrust in the 5 mins before NFP, trying to trick the little guys into jumping into longs before NFP is even out when the pro's know they are gong to short it. they must have quickly opened a load of big longs then reversed them all the second before NFP.

first time i have seen it so clearly.
  • #183,633
  • Jul 2, 2009 11:07am Jul 2, 2009 11:07am
Quoting direct-trade
Hi Q and all,

Excellent analysis bro.

Watching this PA now at 15700/20. Do you think this will hold (Lower blue line on chart) or are we going to see a bounce from here?

Short at 15808, so wondering wether to lock in and ride or close right now. Seems to be minor support here which could turn into major support?

Seems from chart I posted a few days ago (bottom chart) that senario 2 or 3 is now in play, but swayed towards senario 3

What do you all think? Retest of lower range 15790 before descent again?

Ok, where is everyone?

Here's what I think about my last question..

15741 to contain retracement. If 15741 fails, retest of bottom of range (currently at 50% Fib from todays fall).

15718 is 50% retracement of rise from 15406 to 16025. If a 4hr does not close below here Shorts could be in trouble?
  • #183,634
  • Jul 2, 2009 11:37am Jul 2, 2009 11:37am
i was in the same position and closed it at about 157.10. will likely go VERY quiet now nfp is out of the way and the bank holiday tomorrow so thought i might as well just take what I had.

as for 1h bars or 4h bars closing above or below certain levels, personally i dont look at bars of any timescale closing above or below certain levels. all im interested in is does support hold or not. if not then what is next possible support level, if it does hold then whats next possible resistance level. dont have charts with me now but im not looking to trade again until tomorrow and thats only if it isnt dead quiet.
  • #183,635
  • Jul 2, 2009 11:52am Jul 2, 2009 11:52am
Quoting ewokuk
i was in the same position and closed it at about 157.10. will likely go VERY quiet now nfp is out of the way and the bank holiday tomorrow so thought i might as well just take what I had.

as for 1h bars or 4h bars closing above or below certain levels, personally i dont look at bars of any timescale closing above or below certain levels. all im interested in is does support hold or not. if not then what is next possible support level, if it does hold then whats next possible resistance level. dont have charts with me now but im not looking to...
Emmmm...yeah thanks.

Is there anyone on this thread who can answer my previous statements/questions with analysis and expert dialogue or shall I just ***k off to another thread and forum?
  • #183,636
  • Jul 2, 2009 12:08pm Jul 2, 2009 12:08pm
Quoting direct-trade
Emmmm...yeah thanks.

Is there anyone on this thread who can answer my previous statements/questions with analysis and expert dialogue or shall I just ***k off to another thread and forum?

i like your chart if truly u keep it simple at your end...well big guys dont want to get suck in the consolidation so they are in brake now and monday should be the best start of swing position if bull or bear what u need is to follow the big guys to eat from the cake..
we have been waiting for today and now news is gone remain the big guys and market makers to decide where to go base on the current economy data.
..
i miss the moves but i am happy all my position was close even i was shorting from 158 asia&sydney,.....i am flat now little scalp tomorrow and plan for next week as i will be looking for swing position ....i wish everyone luck and myself....
trade your chart.
MY OPINION NOT FINANCIAL ADVISE
  • #183,637
  • Jul 2, 2009 12:08pm Jul 2, 2009 12:08pm
Shame, a year or two ago this thread was alive with 100's of posts everyday. Everyone must have gone to another website.

Bye bye thread.
  • #183,638
  • Jul 2, 2009 12:14pm Jul 2, 2009 12:14pm
Quoting direct-trade
Emmmm...yeah thanks.

Is there anyone on this thread who can answer my previous statements/questions with analysis and expert dialogue or shall I just ***k off to another thread and forum?
bro, some of us are still holding shorts from up top, as q mentioned, looks to be a some sort of b wave or (range). nothing new to report, unless you are interested in playing in range channel until it breaks out. i also agree with q's wave count that is to expect to see C wave down. it may take a while for this to play out or has already started, i don't know. but to me, personally, not really interested in opening a new position in a ranging condition.

hope this helps
  • #183,639
  • Jul 2, 2009 12:19pm Jul 2, 2009 12:19pm
Quoting direct-trade
Emmmm...yeah thanks.

Is there anyone on this thread who can answer my previous statements/questions with analysis and expert dialogue or shall I just ***k off to another thread and forum?
Wow... nice attitude!
  • #183,640
  • Jul 2, 2009 12:20pm Jul 2, 2009 12:20pm
Quoting pkimnyc
bro, some of us are still holding shorts from up top, as q mentioned, looks to be a some sort of b wave or (range). nothing new to report, unless you are interested in playing in range channel until it breaks out. i also agree with q's wave count that is to expect to see C wave down. it may take a while for this to play out or has already started, i don't know. but to me, personally, not really interested in opening a new position in a ranging condition.

hope this helps
Many thanks bro. Looks like this PA today is the same as all month...rubbish. Hope to God this gets smashed through the floor and the world descends into chaos, my patience is wearing thin with the beast....

Close computer, enjoy weekend, take next week off, will come back refreshed week after.

All the best bro and have a good weekend
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