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

  • #189,541
  • Aug 18, 2009 3:28pm Aug 18, 2009 3:28pm
Quoting hadleyma
is that a pennant forming on 15m/30m/1hr TF suggesting a breakout north?
Saw that but only time will tell. Could very well be. Could also be a top on the 1 hr and a doji on the last 4hr candle that just completed.
  • #189,542
  • Aug 18, 2009 3:28pm Aug 18, 2009 3:28pm
As longs as price is above 156.40, 157.50 and greater will be hit during the Asian/London session. . .

Patience will be required on this trade. . .
  • #189,543
  • Aug 18, 2009 3:36pm Aug 18, 2009 3:36pm
Quoting quecee5
As longs as price is above 156.40, 157.50 and greater will be hit during the Asian/London session. . .

Patience will be required on this trade. . .

Patience is the word for sure, lol. Sometimes I look at it too much rather than just leaving it alone and go with my original plan. Its that doji on the 4 hr thats bugging me, but it formed on low volume and closed out above the mid point so it may not show as much weakness as Im reading into it.
  • #189,544
  • Aug 18, 2009 3:38pm Aug 18, 2009 3:38pm
Quoting bluemax
Patience is the word for sure, lol. Sometimes I look at it too much rather than just leaving it alone and go with my original plan. Its that doji on the 4 hr thats bugging me, but it formed on low volume and closed out above the mid point so it may not show as much weakness as Im reading into it.
But that 4hr candle is not closed yet so wouldn't get to alarmed until it closes. . .
  • #189,545
  • Aug 18, 2009 3:38pm Aug 18, 2009 3:38pm
Quoting bluemax
Patience is the word for sure, lol. Sometimes I look at it too much rather than just leaving it alone and go with my original plan. Its that doji on the 4 hr thats bugging me, but it formed on low volume and closed out above the mid point so it may not show as much weakness as Im reading into it.
That must be the reason Bluemax. lol
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  • #189,546
  • Aug 18, 2009 3:40pm Aug 18, 2009 3:40pm
Quoting quecee5
But that 4hr candle is not closed yet so wouldn't get to alarmed until it closes. . .
It is for me. Im on NY time and it closed 40 mins ago
  • #189,547
  • Aug 18, 2009 3:41pm Aug 18, 2009 3:41pm
Quoting azibi
That must be the reason Bluemax. lol
What , that I look at it too much, lol. Im an analytic to the core.
  • #189,548
  • Aug 18, 2009 3:42pm Aug 18, 2009 3:42pm
if it should go to where queeceeee says and then drops i shall bow down to queecees greatness http://i.pbase.com/o3/78/49878/1/886....notworthy.gifhttp://i.pbase.com/o3/78/49878/1/886....notworthy.gif

http://www.gifshare.com/uploads/imag..._notworthy.gif

I shall watch with interest
  • #189,549
  • Aug 18, 2009 3:57pm Aug 18, 2009 3:57pm
Quoting ewokuk
if it should go to where queeceeee says and then drops i shall bow down to queecees greatness http://i.pbase.com/o3/78/49878/1/886....notworthy.gifhttp://i.pbase.com/o3/78/49878/1/886....notworthy.gif

http://www.gifshare.com/uploads/imag..._notworthy.gif

I shall watch with interest
It will drop to 136 if not further (new low??), just i don't see it happening yet. The whole bull run from 118 has been based on nothing, so i'm thinking we see 170 before 136..

just my opinion
  • #189,550
  • Aug 18, 2009 4:11pm Aug 18, 2009 4:11pm
Quoting Cdawg
It will drop to 136 if not further (new low??), just i don't see it happening yet. The whole bull run from 118 has been based on nothing, so i'm thinking we see 170 before 136..

just my opinion
We won't see 170 until sometime next year (1st or 2nd) quarter. . . most pairs have seen there highs for this year and we should retreat from here for a nice retracement. . . 158.60/80's will be the last high before we start descending south should see no higher than 160.00. . .

Just look at yr weekly chart: I posed this question last week to this thread and have yet to get an answer before price dropped 900-1000 pips. . .

So here it is again. . .

Do you find it strange that on the weekly chart we made a new high at 163 but MACD didn't recognize that high oppose to the high made at 162.50?

What is that telling you?

Well it's telling me that a short-term high is in for now and a nice retracement is forthcoming and it will approximate 50%-78.6% of the entire move from 118. . . that put us at a min of 1800 pips at best. . .

Don't take my word for it just look at the divergence in the weekly chart!
  • #189,551
  • Aug 18, 2009 4:17pm Aug 18, 2009 4:17pm
Quoting ewokuk
if it should go to where queeceeee says and then drops i shall bow down to queecees greatness http://i.pbase.com/o3/78/49878/1/886....notworthy.gifhttp://i.pbase.com/o3/78/49878/1/886....notworthy.gif

http://www.gifshare.com/uploads/imag..._notworthy.gif

I shall watch with interest

157.70 is 61.8% retrace from 153xx to 160.35..

good sell entry for few or more pips... indies OS by then..1 hr. Get ready to Bow Down....lol...
Markets are not Random, they are designed!
  • #189,552
  • Aug 18, 2009 4:24pm Aug 18, 2009 4:24pm
Quoting Raza
157.70 is 61.8% retrace from 153xx to 160.35..

good sell entry for few or more pips... indies OS by then..1 hr. Get ready to Bow Down....lol...
we shall see, he seems to be creeping up his estimates from 158 to 158.60/80 to 160 max hehehe

I will obviously trade what I see, but will be watching this on the 1h over the next day or so to see what happens.

personally im thinking MPC minutes will be the final straw tomorrow morning if it is going to go back down.
  • #189,553
  • Aug 18, 2009 4:29pm Aug 18, 2009 4:29pm
Quoting ewokuk
we shall see, he seems to be creeping up his estimates from 158 to 158.60/80 to 160 max hehehe

I will obviously trade what I see, but will be watching this on the 1h over the next day or so to see what happens.

personally im thinking MPC minutes will be the final straw tomorrow morning if it is going to go back down.

My observation is its not going down any more.. look at your Hourly... can you not see an inverted H&S IN THE MAKING.. expecting a slight retrace down.. but if this Shammpoo plays.. we will be seeing 165- 166 levels end of this month...
Markets are not Random, they are designed!
  • #189,554
  • Aug 18, 2009 4:30pm Aug 18, 2009 4:30pm
Quoting ewokuk
we shall see, he seems to be creeping up his estimates from 158 to 158.60/80 to 160 max hehehe

I will obviously trade what I see, but will be watching this on the 1h over the next day or so to see what happens.

personally im thinking MPC minutes will be the final straw tomorrow morning if it is going to go back down.
lol!

160 is is the sweet spot where stops sit. . . weekly 55 ema sits there as well. . .

so never underestimate spikes to take out stops. rememeber price hit that level and retreated immediately from there down 600 pips and its only 400 pips away - hell gj traveled over 1,000 pips in a couple days so taking out stops above (not likely) but possible. . .
  • #189,555
  • Aug 18, 2009 4:30pm Aug 18, 2009 4:30pm
Quoting Raza
157.70 is 61.8% retrace from 153xx to 160.35..

good sell entry for few or more pips... indies OS by then..1 hr. Get ready to Bow Down....lol...

MY OPINION NOT FINANCIAL ADVISE
  • #189,556
  • Aug 18, 2009 4:34pm Aug 18, 2009 4:34pm
Quoting quecee5
We won't see 170 until sometime next year (1st or 2nd) quarter. . . most pairs have seen there highs for this year and we should retreat from here for a nice retracement. . . 158.60/80's will be the last high before we start descending south should see no higher than 160.00. . .

Just look at yr weekly chart: I posed this question last week to this thread and have yet to get an answer before price dropped 900-1000 pips. . .

So here it is again. . .

Do you find it strange that on the weekly chart we made a new high at 163 but MACD didn't recognize...
Saw the MACD... and Divergence..

Guess it depends how MACD is set up.. MAs..Signal Etc.. mine is at a Cross over point. if it did not at 163.. it is about to.. but the Divergence on MACD is crazy Bearish.... but not yet on the Price Chart...

It needs to make a higher High.. 165- 166 level to be perfectly Bearish.. IMO..

Rsi has a lot more room up.. for it to be Bearish.. THATS MY OBSERVATION..

tHE WHOLE WORLD IS waiting to press the sell Button...They know that.. physchology IN play.. till OCTOBER end...

Quarterly candle closes september..//2 OPtion expiry Fridays in between...

Always Trade Your Charts..
Markets are not Random, they are designed!
  • #189,557
  • Aug 18, 2009 4:41pm Aug 18, 2009 4:41pm
Quoting donfriday




i notice the best way to run this game is to find ur own chart reading time...seems u the best man to solve ur problem this will take time but it can be done...
I have been reading deep fall in this thread since GJ drop to 146 but here we are gj still make it back to 162 even higher, trap.......
well i think something will happen and many will become rich and many will blew off, from the way GJ is behaving we have to be careful ....
trader your chart, best way to make profit.
MY OPINION NOT FINANCIAL ADVISE
  • #189,558
  • Aug 18, 2009 4:53pm Aug 18, 2009 4:53pm
raza says up, quecee says down, who will win?

we will see over next couple of days i guess
  • #189,559
  • Aug 18, 2009 5:03pm Aug 18, 2009 5:03pm
4hrs bullish daily bearish...hmm what a mix set up ...well key levels for 4hrs 157 daily key level 159.......then let see how they dance into the rythm..
hmm my 4hrs and daily set up....
trend is ur friend.
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MY OPINION NOT FINANCIAL ADVISE
  • #189,560
  • Aug 18, 2009 5:07pm Aug 18, 2009 5:07pm
2 MACDS.. one monthly.. one weekly

Queece is way more experienced than ME.. lot of respect for Him.
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Markets are not Random, they are designed!
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