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

  • #186,001
  • Jul 27, 2009 11:29am Jul 27, 2009 11:29am
PA is still indicating a possible double top. My question would be, if this is infact a double top, what would be the likely target? Any thoughts?
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  • #186,002
  • Edited 11:43am Jul 27, 2009 11:31am | Edited 11:43am
Quoting hindart
thanks i would wait for 157.5 break.

well dont panic yet okay..PA look scary bullish but it's not yet confirmed so this key levels should give u some clue okay..just keep it simple
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MY OPINION NOT FINANCIAL ADVISE
  • #186,003
  • Jul 27, 2009 11:31am Jul 27, 2009 11:31am
Quoting bluemax
PA is still indicating a possible double top. My question would be, if this is infact a double top, what would be the likely target? Any thoughts?
Be careful of trying to catch a top here. PA has been a bit topsy turvey all day so I'd imagine any short trade will not come at the expected time.
  • #186,004
  • Jul 27, 2009 11:33am Jul 27, 2009 11:33am
Quoting donfriday
well dont panic yet okay..PA look scary bullish but it's not yet confirmed so this key levels should give u some clue okay..just keep it simple
thanks Don

i would keep that trend line in mind
  • #186,005
  • Jul 27, 2009 11:38am Jul 27, 2009 11:38am
when we hit 157.60 on friday it was 20:00 in my metatrader time

now we are 19:00 so lets see if its gonna drop the same time like friday which is few hours before the daily close
  • #186,006
  • Jul 27, 2009 11:44am Jul 27, 2009 11:44am
That's SIX shooting stars on 15M for GBP/JPY in a row. Jeez, drop already.
There's always money in the banana stand.
  • #186,007
  • Jul 27, 2009 11:49am Jul 27, 2009 11:49am
Quoting ukdaytrader
Be careful of trying to catch a top here. PA has been a bit topsy turvey all day so I'd imagine any short trade will not come at the expected time.

Indeed. Need to see some good confirmation before jumping in. May go in small to test on the next jump up.
  • #186,008
  • Jul 27, 2009 11:50am Jul 27, 2009 11:50am
close below 157 in 15 mins chart will break the 15min gann and it will make it at least go down 20 pips if not more because the up trend in 15 mins will be broken
  • #186,009
  • Jul 27, 2009 11:56am Jul 27, 2009 11:56am
Quoting msniper
close below 157 in 15 mins chart will break the 15min gann and it will make it at least go down 20 pips if not more because the up trend in 15 mins will be broken

check this out 20sma on 15tf u will see how GJ keep testing and bouncing of it everytime and keep rising...watch it for fun.
MY OPINION NOT FINANCIAL ADVISE
  • #186,010
  • Jul 27, 2009 11:57am Jul 27, 2009 11:57am
This is not what a strong bullish trend feels like. I'll be keeping an eye for sell possibilities near the 159 level. I just hope we can get there, PA is a bit
  • #186,011
  • Jul 27, 2009 11:58am Jul 27, 2009 11:58am
Quoting donfriday
check this out 20sma on 15tf u will see how GJ keep testing and bouncing of it everytime and keep rising...watch it for fun.
lol you are right, haha that's a good one
  • #186,012
  • Jul 27, 2009 12:18pm Jul 27, 2009 12:18pm
get ready for a close below 15mins gann if it happend 156.80 easlyyyy
  • #186,013
  • Jul 27, 2009 12:46pm Jul 27, 2009 12:46pm
Can Volume Gurus confirm this:

If you look at 30 min. chart, when she hit 156.800, 157.000 and 157.200, she took a dive.... I have seen this pattern MANY TIMES during the past few months (both on buyer and seller sides) and every time that this happens, you should get ready for party...Are these moves supported by volume? I appreciate any comments on this.
  • #186,014
  • Jul 27, 2009 12:49pm Jul 27, 2009 12:49pm
IMO, it is going down for a moment

i m waiting for a small wave up failure topping below 157.49 to test broken UTL (155.14-156.70) before adding another small short

hopefully targeting 156.25 previous support and 155.46 yesterday low

what is your opinion/analysis about this guys?

Quoting bluemax
PA is still indicating a possible double top. My question would be, if this is infact a double top, what would be the likely target? Any thoughts?
  • #186,015
  • Edited 1:28pm Jul 27, 2009 1:11pm | Edited 1:28pm
Quoting harora
IMO, it is going down for a moment

i m waiting for a small wave up failure topping below 157.49 to test broken UTL (155.14-156.70) before adding another small short

hopefully targeting 156.25 previous support and 155.46 yesterday low

what is your opinion/analysis about this guys?
1hr QQE is crossed up and above the 50

30min QQE is crossed down , above the 50

15 min QQE is crossed down and at the 50

also if you look at the G/U there's a bull flag on the 15min which could take us to the UTL at 1.6550 +/-

small down move but not enough confirmation for me yet. Would like to see 1hr close below gain, QQE crossed down and at the 50 around 156.15 for a significant down move.

Just my 2 cents
  • #186,016
  • Jul 27, 2009 1:15pm Jul 27, 2009 1:15pm
Quoting Pirin
lol you are right, haha that's a good one

mate do you have any idea about indices? this is FTSE100GBP ...i think we still up trend check it out ..this is my first time looking index .
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MY OPINION NOT FINANCIAL ADVISE
  • #186,017
  • Jul 27, 2009 1:36pm Jul 27, 2009 1:36pm
Quoting bluemax
PA is still indicating a possible double top. My question would be, if this is infact a double top, what would be the likely target? Any thoughts?
Here is a good way to look at whats going on. . .

looking at this daily chart we can see price is supported below at
:155.30 area (yellow EMA) down to 153.50 area (crimson and green EMA)

as long as price stay above there we we will more than likely target 157.35 whihc as can be seen is the next resistance ahead of of price. . .

If we get a daily close above 157.35 u can see 160.30 is the next resistance as well as the high since at 162.59

if we get a daily close below 152 then we can see that we will target back to 146.73 and below. . .

otherwise we range in between 157.50 - 152.30 area. . .

however a daily close above 156.40 sets the stage for a break above the descending utl. . .

Just what I'm seeing. . . the safest trade is to wait for a breakout - 4hr close above the daily UTL or a 4hr close below support at 152.00 to short.
Attached Image (click to enlarge)
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  • #186,018
  • Jul 27, 2009 1:40pm Jul 27, 2009 1:40pm
it's not a sweet bull chart, its showing weakness , but i'll stay long till my ST says to exit
Making money not by predicting just by following ...
  • #186,019
  • Jul 27, 2009 1:45pm Jul 27, 2009 1:45pm
Quoting Pirin
This is not what a strong bullish trend feels like. I'll be keeping an eye for sell possibilities near the 159 level. I just hope we can get there, PA is a bit
reminds me of a few dates i've had. if the bill fold is closed the dates over with.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #186,020
  • Jul 27, 2009 1:51pm Jul 27, 2009 1:51pm
no seriously. if you look out on larger time frames it looks like it's going to the moon. nice up channel but could dip down to the lower channel before moving up. could possibly break down there (at the lower channel on daily) of course but could continue for a nice long uptrend if bounces. I see 150.37-153.85 as the retracement and possible bounce unless we break out right here then were going to the moon. the bounce should take us to 165+ if bull continues.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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