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

  • #188,321
  • Aug 10, 2009 11:53am Aug 10, 2009 11:53am
Quoting malcolmb14
keep it simple ... the move up to 1.7000 was clearer a fake out. I mentioned this a few weeks ago . Geppy mentioned it yesterday ...except I thought it would on a stimuls package annoucment or something.

If we close under 1.6600 this is now bearish gu . The rsx is down . The price is under the 14 wma on daily. and for the 1st time since March we poke unbder the ltl on the daily .

There really is not much bullish about this chart to tell you the truth . The bulls i think may be dreaming , unless they are guessing this is some kind of mark down...

I know i know i am going to hear this is just a reatrcement . The gu has moved up 6 months NO retracement ... so could the reatrcement be to 1.5300 ? 50 % or even 61.8 1.5000 ?

as i said yesterday ... you went long on 1.6900 , did not take profit, and you think this is coming back and you are praying now .... take the loss on a reatrcement on 15 min charts.

If that weekly distribution plays out the least it will drop is 1.5000 and the max 1.1......

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  • #188,322
  • Aug 10, 2009 11:55am Aug 10, 2009 11:55am
Quoting Piters
err. Obamaman ?? .. Illuminati ??? I think there was a post with 3 guys earlier today.. with their bullish Perspective..

One robot.. One Lion ... One Girll.. And the Wizzard of OZZ ....

They can explain better the BULISHNESS of the charts.. I m not speaking that language..

I hope my Bullish friend Lionforex is OK..

Sell the rallies..
sophia is actually an awesome trader ..... just would love to know what she is seeing on the charts that makes her so bullish that i am not. Maybe i am missing something
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  • #188,323
  • Aug 10, 2009 11:55am Aug 10, 2009 11:55am
because they are buying ... ?

Quoting malcolmb14
can some please express at this point why the daily chart is bullish ?

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Nihil Sine Deo.
  • #188,324
  • Aug 10, 2009 11:57am Aug 10, 2009 11:57am
Quoting malcolmb14
sophia is actually an awesome trader ..... just would love to know what she is seeing on the charts that makes her so bullish that i am not. Maybe i am missing something
I know, and I agree.

but was a bit funny today with the movie Wizz from OZ..
  • #188,325
  • Aug 10, 2009 11:57am Aug 10, 2009 11:57am
this week is critical

if we get close under the 14 wma ... 1st time since March......and VERY bearish gu

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  • #188,326
  • Aug 10, 2009 11:59am Aug 10, 2009 11:59am
Quoting malcolmb14
I know i know i am going to hear this is just a reatrcement . The gu has moved up 6 months NO retracement ... so could the reatrcement be to 1.5300 ? 50 % or even 61.8 1.5000 ?

as i said yesterday ... you went long on 1.6900 , did not take profit, and you think this is coming back and you are praying now .... take the loss on a reatrcement on 15 min charts.

If that weekly distribution plays out the least it will drop is 1.5000 and the max 1.1......

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So i guess we won't get a retrace back to 1.6800, from where we can short?
  • #188,327
  • Aug 10, 2009 12:07pm Aug 10, 2009 12:07pm
Quoting malcolmb14
sophia is actually an awesome trader ..... just would love to know what she is seeing on the charts that makes her so bullish that i am not. Maybe i am missing something
Thank you for your comliment.Now let me explain a little my thinking.I need to add that I can't show you my chart ,because I am using something that patent pending ,by other person,but hear me out.The most move on GY was by yen ,not cable ,and yen is looking like it will reach 99-100 soon.Second on my chart GY not finished move up.GY is bearish for a long time ,but need to finish this move up that I see around 1.69-1.70 .I am a long term trader and I am willing to wait untill it reach my mark even if it takes a week or more,and then it will go crashing.So far I am on my marks,good luck,cheers
  • #188,328
  • Aug 10, 2009 12:12pm Aug 10, 2009 12:12pm
Quoting sofia101
Thank you for your comliment.Now let me explain a little my thinking.I need to add that I can't show you my chart ,because I am using something that patent pending ,by other person,but hear me out.The most move on GY was by yen ,not cable ,and yen is looking like it will reach 99-100 soon.Second on my chart GY not finished move up.GY is bearish for a long time ,but need to finish this move up that I see around 1.69-1.70 .I am a long term trader and I am willing to wait untill it reach my mark even if it takes a week or more,and then it will...

BUT , lets just say the 1000 point move up in the DJ based on fumes was a suckers rally. and some form of bad news comes out. Like ... FDIC sieze 6th largest bank in US history' ..... uj will drop like a rock

on a daily chart last time UJ had that wide spread up trap like candle she dropped 700 pips.... that takes gj to 150


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  • #188,329
  • Aug 10, 2009 12:14pm Aug 10, 2009 12:14pm
Quoting malcolmb14
BUT , lets just say the 1000 point move up in the DJ based on fumes was a suckers rally. and some form of bad news comes out. Like ... FDIC sieze 6th largest bank in US history' ..... uj will drop like a rock

on a daily chart last time UJ had that wide spread up trap like candle she dropped 700 pips.... that takes gj to 150


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It could and that will prove to me that I was wrong ,but for now I am doing good
  • #188,330
  • Aug 10, 2009 12:16pm Aug 10, 2009 12:16pm
now lets look at GJ ....weekly

last week up candle highest volume EVER IN GJ HISTORY , pros are not buying here for a 1000 pip move up. ... note that the weekly candle did not even close above previous high.

also look at 215 ..... the last dying breath before collapse was on a Friday and alost looked the same as the one we saw last Friday

95% sure that volume is selling .....GJ may well test 150 , 140 and even lower if that selling volume is not met with buyers

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  • #188,331
  • Aug 10, 2009 12:17pm Aug 10, 2009 12:17pm
Quoting sofia101
It could and that will prove to me that I was wrong ,but for now I am doing good

good to hear ... bewtween gj and gu been an insane week for me. Once in a while every thing comes together and the other 364 days of the year I want to punch a hole in the screen ...lol
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  • #188,332
  • Aug 10, 2009 12:24pm Aug 10, 2009 12:24pm
Quoting malcolmb14
now lets look at GJ ....weekly

last week up candle highest volume EVER IN GJ HISTORY , pros are not buying here for a 1000 pip move up. ... note that the weekly candle did not even close above support.

also look at 215 ..... the last dying breath before collapse was on a Friday and alost looked the same as the one we saw last Friday

95% sure that volume is selling .....GJ may well test 150 , 140 and even lower if that selling volume is not met with buyers

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I forget to mention that I don't use candles
I use line charts and I have different way to see the charts so I will not argue with you let's see what will happened.
  • #188,333
  • Aug 10, 2009 12:24pm Aug 10, 2009 12:24pm
completely agree . long term, this is heading down big time. but i just didn't see a confirmation on my charts...
i am trying to follow the trend - and that means that my last trade with the trend will most probably be a loser; this is telling me that i have to jump off the train and take the other one if i want to see my money again.
so back to g-j: no lost trades so far. but i am probably close to it

Quoting malcolmb14
now lets look at GJ ....weekly

last week up candle highest volume EVER IN GJ HISTORY , pros are not buying here for a 1000 pip move up. ... note that the weekly candle did not even close above support.

also look at 215 ..... the last dying breath before collapse was on a Friday and alost looked the same as the one we saw last Friday

95% sure that volume is selling .....GJ may well test 150 , 140 and even lower if that selling volume is not met with buyers

Attachment
Nihil Sine Deo.
  • #188,334
  • Aug 10, 2009 12:25pm Aug 10, 2009 12:25pm
Quoting sofia101
I forget to mention that I don't use candles
I use line charts and I have different way to see the charts so I will not argue with you let's see what will happened.
LOL that was my 666 post,scary
  • #188,335
  • Aug 10, 2009 12:40pm Aug 10, 2009 12:40pm
Quoting sofia101
I forget to mention that I don't use candles
I use line charts and I have different way to see the charts so I will not argue with you let's see what will happened.
I am big into this VSA stuff ... volume and bars / candles combined. been mentioning the drop in gu for a while now


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  • #188,336
  • Aug 10, 2009 12:46pm Aug 10, 2009 12:46pm
Quoting malcolmb14
I am big into this VSA stuff ... volume and bars / candles combined. been mentioning the drop in gu for a while now


http://www.forexfactory.com/showpost...stcount=145328
I know and respect you ,and I seen drop too ,the only one think that a lot's ppl. don't understand that every currency have it goal ,and on a short TF they are not visible .But talking about yen long term I see even higher then 100))) Ofcorse it will happened later I see the market way ahed and some ppl. take my predictions in an hour time)))
  • #188,337
  • Aug 10, 2009 12:55pm Aug 10, 2009 12:55pm
Quoting sofia101
I know and respect you ,and I seen drop too ,the only one think that a lot's ppl. don't understand that every currency have it goal ,and on a short TF they are not visible .But talking about yen long term I see even higher then 100))) Ofcorse it will happened later I see the market way ahed and some ppl. take my predictions in an hour time)))

thing is on the JY futures Friday the up move had no volume behind it .. almost like risk tolerance is not there . Yet the euro and gbp futures dropped on good volume.
Blogging daily now at www.volume.zone
  • #188,338
  • Aug 10, 2009 12:56pm Aug 10, 2009 12:56pm
Quoting sofia101
I know and respect you ,and I seen drop too ,the only one think that a lot's ppl. don't understand that every currency have it goal ,and on a short TF they are not visible .But talking about yen long term I see even higher then 100))) Ofcorse it will happened later I see the market way ahed and some ppl. take my predictions in an hour time)))

sophia i agree with u , i use finger crossing chart we have the same vue
  • #188,339
  • Aug 10, 2009 12:57pm Aug 10, 2009 12:57pm
What about GU getting back to 1.6575 1.6600 ? Is this possible soon? Or should I close this now ?

Thanks
  • #188,340
  • Aug 10, 2009 1:01pm Aug 10, 2009 1:01pm
Quoting warta
sophia i agree with u , i use finger crossing chart we have the same vue
Ha,HaNow with no jokes their is Igrok tread and he thinks the same)))
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