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

  • #185,881
  • Jul 26, 2009 4:53pm Jul 26, 2009 4:53pm
Nice pin bar


Quoting Scrat
yes, you are right. we think the same way most of the times
i share the same opinion: daily chart has turned bullish and is testing the descending trendline - but from my point of view, we did not see a breakout to the upside yet. there is significant resistance @ 156.65 area (see arrow showing previous support... and what a support it was!)
let's see what this week brings.
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  • #185,882
  • Jul 26, 2009 5:01pm Jul 26, 2009 5:01pm
Don't forget y'all. Fed chairman is going to be on PBS in an hour.
  • #185,883
  • Jul 26, 2009 5:10pm Jul 26, 2009 5:10pm



Quoting wadams
Don't forget y'all. Fed chairman is going to be on PBS in an hour.
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  • #185,884
  • Jul 26, 2009 5:21pm Jul 26, 2009 5:21pm
oh man uncle ben is speaking.. hunker down everyone.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #185,885
  • Jul 26, 2009 5:38pm Jul 26, 2009 5:38pm
http://i30.tinypic.com/znk3di.jpg
  • #185,886
  • Edited 6:16pm Jul 26, 2009 6:04pm | Edited 6:16pm
if you have proper MM and RM , i recommend you to put a buy stop above the gap (156.23).
for two reason:
1- prices is still going down and gap may says that Pros view is bearish.
2- if No 1 senario wasn't right and prices truns back to bull and you were sleeping , you are going to catch a good move.
3- i dont think that this buy stop going to be activated , but if so you will be in profit tomorrow

i'm going to sleep, good luck guys
Making money not by predicting just by following ...
  • #185,887
  • Jul 26, 2009 6:16pm Jul 26, 2009 6:16pm
Quoting gl4di4t0r
if you have proper MM and RM , i recommend you to put a buy stop above the gap (156.23).

i'm going to sleep, good luck guys
it could happen, but for now shorts looks more possible,
unless 30m, 1hr closes above 50ema
  • #185,888
  • Jul 26, 2009 6:19pm Jul 26, 2009 6:19pm
Quoting for_idea
it could happen, but for now shorts looks more possible,
unless 30m, 1hr closes above 50ema
i have edited this post and i've added reasons
Making money not by predicting just by following ...
  • #185,889
  • Jul 26, 2009 6:24pm Jul 26, 2009 6:24pm
good night guys
Making money not by predicting just by following ...
  • #185,890
  • Edited 6:36pm Jul 26, 2009 6:24pm | Edited 6:36pm
Seeing Hidden Bearish Divergence on 4 hr, 1 HR. 30 M.. building up.

Shorting this till 150.50. ( this was an important Price where we were expecting a Bounce.. But price went through it to 146xx.)

4HR QQE crossed down.. Candle below Gann.. approaching 50ema.. if this 4 hr closes below 50ema.. expect some tanking

I Hr below gann and 50 ema.

I could be wrong

Trade your charts.

remember divergenve has to get Bearish to be Bullish again & vice versa

It can also go to 158xx first . .then 148xx .. but this week expecting tankage.

I was sorta Bull Bias.. but .....
Markets are not Random, they are designed!
  • #185,891
  • Jul 26, 2009 7:19pm Jul 26, 2009 7:19pm
Since the GBPJPY recently completed the measured move down and the measured move up....I am staying in the sidelines for now, waiting for it to break either an up trend line or a down trend line, to tell me if the trend up continues or not.

I use LINE CHARTS to determine direction of the trend and completed moves, but I will show you the candle charts for your convenience.

See my charts below


PAPION
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpjpy 4 hour candle chart 26 july 2009.jpg Size: 168 KB
An ocean of boundlesness......
  • #185,892
  • Jul 26, 2009 8:35pm Jul 26, 2009 8:35pm
will it play out?
Attached Image
  • #185,893
  • Jul 26, 2009 9:09pm Jul 26, 2009 9:09pm
Quoting grashid
If today close below my 61.8%...50%-38.2% ~ 154.60-152.60 test will be there next week before decide to break my pink line to sit at yellow LTL ~ 150.50...So for me...Bearish next week..otherwise 158.50 break..then that it my bear target....and look for shorting ~ 160 area....Any input from you guys
still valid..last week people say bear..and PA going up..
This week people say bull..and PA will down ..

152-50-150.50 as i mentioned last week is my observation towards my yellow LTL line....See what happen...
  • #185,894
  • Edited 9:53pm Jul 26, 2009 9:14pm | Edited 9:53pm
Quoting Raza
Seeing Hidden Bearish Divergence on 4 hr, 1 HR. 30 M.. building up.

Shorting this till 150.50. ( this was an important Price where we were expecting a Bounce.. But price went through it to 146xx.)

4HR QQE crossed down.. Candle below Gann.. approaching 50ema.. if this 4 hr closes below 50ema.. expect some tanking

I Hr below gann and 50 ema.

I could be wrong

Trade your charts.

remember divergenve has to get Bearish to be Bullish again & vice versa

It can also go to 158xx first . .then 148xx .. but this week expecting tankage.

I was...
OK I am gonna chicken out.. PA looks very scary.. I am taking the side lines. Unplugged my mouse!!

Cause G/J can go upto 159xx.. then down.. It is confusingly BULLISH as well!!

So I am taking my 30 pips and out. will see tomorrow.

PA stalling confused me.!!

Next 4 hr is gonna be a fast & furious Candle.IMO
Markets are not Random, they are designed!
  • #185,895
  • Jul 26, 2009 9:34pm Jul 26, 2009 9:34pm
My first post on ForexFactory.

Well, I'm definitely on the sidelines for now. The bears aren't looking to be taking the risk to short this right now, most are probably expecting another bullish run and hoping to short this at a better price.

The bulls are pretty edgy as well, preferring to wait for the all-clear to start their run up again.

My charts show that the 4H is currently bearish, but with price bouncing off the 50% Fib at 155.10, it's looking pretty flat at the moment. With price below Gann, I will not open any long positions for some time yet, seeing that after that 50% Fib bounce, it didn't break clear and go long. Personally, I'm still expecting this to go lower before it gets any higher. The bulls are waiting for a better price to long this, and I'm with them. I see price hitting strong support at 155.50 before bouncing off the lower trendline, but will see how price action goes. This week will show the direction.

My daily chart shows bullish at the moment, with a lot of room of the movement up. With it bouncing off the 5SMA, I will not be looking to go short as long as price is above it.

My weekly chart shows bullish as well at the moment, with more potential of a upmove. But the indecision in the 4H chart is making stay flat for now. We will see it plays out in the next few hours. My bias is with the bulls right now, so I'm looking to go long at a better price, rather than short this.

Trade with the trend. Good luck.
  • #185,896
  • Jul 26, 2009 9:39pm Jul 26, 2009 9:39pm
some say bull some say bear
i said chicken

lets review the history and see what a stupid zone we are in now

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  • #185,897
  • Jul 26, 2009 10:08pm Jul 26, 2009 10:08pm


Quoting warta
some say bull some say bear
i said chicken

lets review the history and see what a stupid zone we are in now

Attachment
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  • #185,898
  • Jul 26, 2009 10:46pm Jul 26, 2009 10:46pm
Based on H1 TF, we might see GJ testing LTL again around 158.20. Break the LTL, we can see wave C coming. I will upload complete analysis, during London times. 158.20 is critical zone, bounce or breakout. Have a nice day.
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  • #185,899
  • Jul 26, 2009 11:25pm Jul 26, 2009 11:25pm
Can anyone tell me what is the short form of PA please?
  • #185,900
  • Jul 26, 2009 11:25pm Jul 26, 2009 11:25pm
hi guys

back to business. on daily chart is at ML. we'll see today if can break.

trade safe
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