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

  • #184,841
  • Jul 17, 2009 7:12am Jul 17, 2009 7:12am
if futures have been diving for the last hour and gj has not been diving for the last hour, then if it isnt going to do it when futures dive, then I am guessing its probably going to go up instead. which it seems to be diong at the moment. im long still as i missed the damn spike up last time!
  • #184,842
  • Jul 17, 2009 7:19am Jul 17, 2009 7:19am
Quoting ewokuk
if futures have been diving for the last hour and gj has not been diving for the last hour, then if it isnt going to do it when futures dive, then I am guessing its probably going to go up instead. which it seems to be diong at the moment. im long still as i missed the damn spike up last time!

today is a retest of w center on 4hrs 50sma ...just watch ur back with ur long ...still short yesterday 1st 154.67 today 2nd 153.63 tp 151
MY OPINION NOT FINANCIAL ADVISE
  • #184,843
  • Jul 17, 2009 7:23am Jul 17, 2009 7:23am
Quoting donfriday
today is a retest of w center on 4hrs 50sma ...just watch ur back with ur long ...still long 1st 154.67 2nd 153.63 tp 151
mate, if we dont bounce from 152.20 = F382 then we directly going to 151.40/50 then to 150..

[look at 4h, daily, weekly...]

Markets are in Rejection Mode, means retrace

Dow => 7500
GY => 150 = 140 = 135.50
===========================

cheers

mama bear is BACK
  • #184,844
  • Jul 17, 2009 7:32am Jul 17, 2009 7:32am
got out of my long on the spike up few mins before the housing data. housing data better than expected but its spiked up and straight back down. i will short if it breaks that 152.45 areahowever thats the main data out of the way and seems to have had little effect.

i think its about to become a very very quiet afternoon. i may not open another trade today.
  • #184,845
  • Jul 17, 2009 7:33am Jul 17, 2009 7:33am
Quoting Piters
mate, if we dont bounce from 152.20 = F382 then we directly going to 151.40/50 then to 150..

[look at 4h, daily, weekly...]

Markets are in Rejection Mode, means retrace

Dow => 7500
GY => 150 = 140 = 135.50
===========================

cheers

mama bear is BACK
perfect level 50sma 152.20 first nice levels u got there ...but next week will be fine ..
MY OPINION NOT FINANCIAL ADVISE
  • #184,846
  • Jul 17, 2009 8:07am Jul 17, 2009 8:07am
bluddy typical, spiked out on my long only to watch it fly up 80 pips.
  • #184,847
  • Jul 17, 2009 8:08am Jul 17, 2009 8:08am
what's the reason for this upmove?
  • #184,848
  • Jul 17, 2009 8:12am Jul 17, 2009 8:12am
Quoting slykyn
what's the reason for this upmove?
people buying pounds and selling yen

upbeat us housing data i think.
  • #184,849
  • Edited 8:32am Jul 17, 2009 8:21am | Edited 8:32am
Quoting slykyn
what's the reason for this upmove?

look at 5min volume u will see buyers from the 152 zone so let watch out now what they will do next..
buyers always got a reversal sign ..

i am still not buying looking at todays volume is kinda giving me some clue..i wish malcolmb was here to say something about this.
MY OPINION NOT FINANCIAL ADVISE
  • #184,850
  • Jul 17, 2009 8:23am Jul 17, 2009 8:23am
I have noticed that the price was lingering around 152.50 for hours, it didn't go down further and already made me cautious to short and still saw some shouting for more down .. made me chuckled a bit .. this pair is a beast .. it always lives up to the hype
Anyway, be cautious, daily trend is still down.
  • #184,851
  • Jul 17, 2009 8:24am Jul 17, 2009 8:24am
Quoting donfriday
look at 5min volume u will see buyers from the 152 zone so let watch out now what they will do next..
buyers always got a reversal sign ..
you mean the increasing volume?
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  • #184,852
  • Jul 17, 2009 8:30am Jul 17, 2009 8:30am
In the next 3 hours it is back @ 152.50. This was sellers selling into up trend
  • #184,853
  • Jul 17, 2009 8:31am Jul 17, 2009 8:31am
Quoting mktjong
I have noticed that the price was lingering around 152.50 for hours, it didn't go down further and already made me cautious to short and still saw some shouting for more down .. made me chuckled a bit .. this pair is a beast .. it always lives up to the hype
Anyway, be cautious, daily trend is still down.
This daily downtrend could very well change to up trend if it closes above 154.5 area today ..
  • #184,854
  • Jul 17, 2009 8:51am Jul 17, 2009 8:51am
Quoting slykyn
you mean the increasing volume?

since u have volume on ur chart the why u supprise why gj rise...i dont know volume much but i have read several trading book including master the market i am not a VSA trader even i cannot say i have one method but when something is going wrong i try to check on another method since different method with different market ...i am my own problem solver so can't wait till i die.. ..just a talk from the wise 1
i sold again @ 153.79 ...let see how it play..
MY OPINION NOT FINANCIAL ADVISE
  • #184,855
  • Jul 17, 2009 8:51am Jul 17, 2009 8:51am
Quoting donfriday
today is a retest of w center on 4hrs 50sma ...just watch ur back with ur long ...still short yesterday 1st 154.67 today 2nd 153.63 tp 151
You are still

I am too, but long from Wed tp 157. Yes Let see how it play .......

Good luck guys.
  • #184,856
  • Jul 17, 2009 9:00am Jul 17, 2009 9:00am
Quoting Piters
Markets are in Rejection Mode, means retrace

Dow => 7500
GY => 150 = 140 = 135.50
===========================

cheers

mama bear is BACK

Same target mate
  • #184,857
  • Jul 17, 2009 9:14am Jul 17, 2009 9:14am
I still take short position at any increament
  • #184,858
  • Jul 17, 2009 9:34am Jul 17, 2009 9:34am
looks like bull flag now?
  • #184,859
  • Jul 17, 2009 9:46am Jul 17, 2009 9:46am
who care about this ?

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  • #184,860
  • Jul 17, 2009 9:46am Jul 17, 2009 9:46am
today i closed my short exactly before we hit 152.36 because i was afraid of strong bounce according to elliot waves

i spent long time trying to figure the count and i am not professional still new in elliot waves but this is what i got at the end

reason for this jumb from 152.36 because wave 4 shouldn't go below wave 1 top

we have bullish flag and once we broke it up i think we are targing a new high higher than 155 possible 156 to 157 to 158 then the 5th wave will end and GJ will tank like crazy

so this senario is vaild only if 152.36 is not broken if its broken then down we go and we wont see any thing higher than 155 i guess

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