GBPJPY? Next week minimum price might be about 152.00... I think it will not be lower...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #189,102
- Aug 15, 2009 11:52am Aug 15, 2009 11:52am
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
- #189,103
- Aug 15, 2009 11:54am Aug 15, 2009 11:54am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
dont forget about huge bearish divergence on daily
question is not if but when
I KNOW THE bEARISH dIVERGENCE... on Daily.. its been there for past month or so..
But in order for it to play out this can go another 1000 pips up or so.. and still it will be BEARISH.
I dont see this Cup being Complete..if it is....... the Handle is too small for a big cup like that.
You are right..its a matter of time.. to see when it will Play out..I wanna swing Short too..
Markets are not Random, they are designed!
- #189,104
- Aug 15, 2009 12:09pm Aug 15, 2009 12:09pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
I KNOW THE bEARISH dIVERGENCE... on Daily.. its been there for past month or so..
But in order for it to play out this can go another 1000 pips up or so.. and still it will be BEARISH.
I dont see this Cup being Complete..if it is....... the Handle is too small for a big cup like that.
You are right..its a matter of time.. to see when it will Play out..I wanna swing Short too..
we r already innn
- #189,105
- Aug 15, 2009 12:14pm Aug 15, 2009 12:14pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
I KNOW THE bEARISH dIVERGENCE... on Daily.. its been there for past month or so..
But in order for it to play out this can go another 1000 pips up or so.. and still it will be BEARISH.
I dont see this Cup being Complete..if it is....... the Handle is too small for a big cup like that.
You are right..its a matter of time.. to see when it will Play out..I wanna swing Short too..
- #189,106
- Aug 15, 2009 12:19pm Aug 15, 2009 12:19pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
... know there are many ways to look at it..I am not convinced.. it has started..( Bearish)..yet..
who knows..? its hard to do a wave count too.. there are so many ABC corrections going on..as well.
I am just focussing on Divergences. So far Daily is still Bullish.( Hidden Bullish)
Markets are not Random, they are designed!
- #189,108
- Aug 15, 2009 12:24pm Aug 15, 2009 12:24pm
- Joined Jan 2008 | Status: Only God Can Judge Me | 2,467 Posts
I am not convinced.. it has started..( Bearish)..yet..
who knows..? its hard to do a wave count too.. there are so many ABC corrections going on..as well.
I am just focussing on Divergences. So far Daily is still Bullish.( Hidden Bullish)
the break of 167 - 170 area will open the door to 190 area otherwize we still bearish sentiment and we may see a lower low on monthly
key level for long term trade
167 - 170 fot bull camp
153 - 147 for bear camp
intraday trader dont give a damn for wut am talking lol but for a nice swing keep an eye on those levels
cheers and have a nice trade and end of weekend
- #189,110
- Aug 15, 2009 12:31pm Aug 15, 2009 12:31pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
lol yeah major trend still down , we r in correction
the break of 167 - 170 area will open the door to 190 area otherwize we still bearish sentiment and we may see a lower low on monthly
key level for long term trade
167 - 170 fot bull camp
153 - 147 for bear camp
intraday trader dont give a damn for wut am talking lol but for a nice swing keep an eye on those levels
cheers and have a nice trade and end of weekend
OK if 153 is not breached or reached this week..then
164-166.60.... then down from there to 153.... then up . up .up . 170..
we know its not gonna go there in straight line...unless.. Big Boys are in some kinda RUSH to start taking Profits by shorting it.. after all this is a SUCKERS Rally..
But One thing I would like to say.. for scalpers or intraday traders.. whether you are Buying or selling... have stop losses in place.. from here wherever it goes it will not see these levels for a while.. so you might have to take bigger losses.. Trade Safe.. trade to survive another DAY...
Markets are not Random, they are designed!
- #189,111
- Edited 1:18pm Aug 15, 2009 1:14pm | Edited 1:18pm
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
- #189,112
- Aug 15, 2009 1:34pm Aug 15, 2009 1:34pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
cable is going to 1.35
cable is going to parity
- #189,113
- Aug 15, 2009 1:48pm Aug 15, 2009 1:48pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
It is great you approved of the PA setup...LOL
I hope it plays out...You are getting better with your chart setup..
Keep it up..
I hope it plays out...You are getting better with your chart setup..
Keep it up..
i have same view and same plan 153 since friday...nice chart nice analysis..thanks
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- #189,114
- Aug 15, 2009 1:57pm Aug 15, 2009 1:57pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #189,115
- Aug 15, 2009 2:29pm Aug 15, 2009 2:29pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Here is my GJ layout for the Sept,Oct PA possible.
If the 153.00 LTL( blue line) holds than 174.00<X< 178.00 will be the overall target in Oct.09.
If the 153.00 breaks than 150.00 support will be the next level to target..
IMHO
Plan your trades and trade them
If the 153.00 LTL( blue line) holds than 174.00<X< 178.00 will be the overall target in Oct.09.
If the 153.00 breaks than 150.00 support will be the next level to target..
IMHO
Plan your trades and trade them
yes u are right 170 by 7th of September is another possibilty
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- #189,116
- Aug 15, 2009 2:49pm Aug 15, 2009 2:49pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #189,117
- Aug 15, 2009 2:59pm Aug 15, 2009 2:59pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
You are correct it is an ascending Triangle plus it broke back in the major TL channel .
IMHO, the PA will test the minor LTL(153.00 zone) and retrace up to test the highs again this month or into next month
IMHO, the PA will test the minor LTL(153.00 zone) and retrace up to test the highs again this month or into next month
so far it looks like an Ascending triangle.. which breaks to the upside..
The Ascending Triangle
The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as a continuation pattern as buying demand gain more and more control, running up to the top resistance line of the pattern. While you normally will see this pattern form in an uptrend, if you do see it in a downtrend it should be paid attention to as it can act as a powerful reversal signal.
The...
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- #189,118
- Aug 15, 2009 3:06pm Aug 15, 2009 3:06pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
IMHO, the ascending TL maybe the blueline I drawn over your chart.
so far it looks like an Ascending triangle.. which breaks to the upside..
The Ascending Triangle
The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as a continuation pattern as buying demand gain more and more control, running up to the top resistance line of the pattern. While you normally will see this pattern form in an uptrend, if you do see it in a downtrend it should be paid attention to as it can act as a powerful reversal signal.
The...
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- #189,119
- Aug 15, 2009 3:13pm Aug 15, 2009 3:13pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
i have been playing with fibo Fan for months now since gj was at 151....each time it get broken price come back to test the Low fan , so this give me good reason that 153 is a good price to see again before we see any buyers coming in the market....IMO 153 should stand like a rock stone and shoot back up....gj will play in this channel till it go back up...my plan my view and my experience..trade your chart.
MY OPINION NOT FINANCIAL ADVISE