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

  • #190,061
  • Aug 20, 2009 10:42am Aug 20, 2009 10:42am
Quoting quecee5
Agreed, yes we could go back and re-test that support again before bouncing back up. . .
am more than sure , if its not going down now i will go up for sure
  • #190,062
  • Aug 20, 2009 10:44am Aug 20, 2009 10:44am
I guess it will follow the bearish channel and bounce off the minor LTL yellow line( 153.70 zone) before reversing back up testing the 159 zone again only if the bearish channel breaks



Quoting malcolmb14
maybe something happens in London

right now sellers hit gj at 155.80 , but most at 155.50 today. Look at that high vol 60 min on doji

I think if we do head up to 159 there will be test 153.5 1st.

gu is also forming a bear flag on 15 min , this will liekly break and move down to 1.6400 into London

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[
  • #190,063
  • Aug 20, 2009 10:58am Aug 20, 2009 10:58am
Quoting rgitt05
I guess it will follow the bearish channel and bounce off the minor LTL yellow line( 153.70 zone) before reversing back up testing the 159 zone again only if the bearish channel breaks


yep that is what i am also waiting the tl before it goes up then come down to break 153 in my view...
we are still in downward channel.
MY OPINION NOT FINANCIAL ADVISE
  • #190,064
  • Aug 20, 2009 11:17am Aug 20, 2009 11:17am
for htose that like divergences here is a bearish one on ES 30 min . The markets will drop tomorrow or Monday back into 980

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Blogging daily now at www.volume.zone
  • #190,065
  • Aug 20, 2009 11:21am Aug 20, 2009 11:21am
Quoting vinesh2
QQQQQQQQQQQQQQQQQQQQQq
what-up V?
  • #190,066
  • Aug 20, 2009 11:35am Aug 20, 2009 11:35am
4h CL headhunters bloodshed

snagit test
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"Millionaires don't use astrology, billionaires do"
  • #190,067
  • Aug 20, 2009 11:49am Aug 20, 2009 11:49am
Not a whole lot Q suckss at this new job no access to nothing. I need to become an engineer so that I have access to everything like some one I know has. Whats up with this EU and UCAD not willing reverse EU and UCAD not wanting to go up and destroy 1.11
  • #190,068
  • Aug 20, 2009 11:49am Aug 20, 2009 11:49am
Quoting OrionsWay
4h CL headhunters bloodshed

snagit test

so who was buying ? look at the no demand bar on daily !!!

checked this with Cl #f on esignal ..looks same

Attached Image
Blogging daily now at www.volume.zone
  • #190,069
  • Aug 20, 2009 11:52am Aug 20, 2009 11:52am
Quoting malcolmb14
so who was buying ? look at the no demand bar on daily !!!

checked this with Cl #f on esignal ..looks same

Attachment
Just day traders me thinks, smart money waiting for the payday now i think
"Millionaires don't use astrology, billionaires do"
  • #190,070
  • Aug 20, 2009 11:56am Aug 20, 2009 11:56am
Quoting OrionsWay
Just day traders me thinks, smart money waiting for the payday now i think

the move yesterday has to do with expiry today i think . cme on 11 million barrels used in a week .. highest in 2 years. This has to do with manipulating price for expiry.

I am holding my short to 60
Blogging daily now at www.volume.zone
  • #190,071
  • Aug 20, 2009 12:06pm Aug 20, 2009 12:06pm
Quoting vinesh2
Not a whole lot Q suckss at this new job no access to nothing. I need to become an engineer so that I have access to everything like some one I know has. Whats up with this EU and UCAD not willing reverse EU and UCAD not wanting to go up and destroy 1.11
It's august bro lite volume so we range. . . The big move will happen soon give it a week or so. . .

GJ gonna take many by surprise over the next couple of days. . .
  • #190,072
  • Aug 20, 2009 12:07pm Aug 20, 2009 12:07pm
Quoting malcolmb14
the move yesterday has to do with expiry today i think . cme on 11 million barrels used in a week .. highest in 2 years. This has to do with manipulating price for expiry.

I am holding my short to 60

Exactly u will be happy man if u do, maybe even 48-53 area or lower

i put a few positions on in dumb dumb acc LOL
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"Millionaires don't use astrology, billionaires do"
  • #190,073
  • Aug 20, 2009 12:23pm Aug 20, 2009 12:23pm
Quoting quecee5
It's august bro lite volume so we range. . . The big move will happen soon give it a week or so. . .

GJ gonna take many by surprise over the next couple of days. . .
but not us in here eh? we be watching this wedge and trendlines ready to jump on it w00h00

except i cant cos my 3g mobile internet stick is broke so i cant trade while at work. whos got a spare? :nerd:
  • #190,074
  • Aug 20, 2009 12:23pm Aug 20, 2009 12:23pm
Quoting quecee5
We never hit my target of 158/159 area which is the weekly pivot and resistance. . . If we get a close above 155.50 area 2nite expect a brief rise to my target before heading further south over the next couple days.

Stops up there will be cleared sooner rather than later then we can move lower. . .
I agree to wait for daily close...I did not trade the move lower from 157 cause thought the shanghai recovery from 20% fall may support geppy but the pound looks week (EURGBP) and the fall from 157 was sharp and deep.

It is almost as if the market (equities) have run hard, then a quick sell-off, then "no we are still going up" and then: DOWN

Indicators macd and rsi on daily still lower and in line with weekly.

Let's see. I had a good week so don't want to mess it up with a wrong trade now but it looks as if we can have a sharp fall from here...
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  • #190,075
  • Edited 12:48pm Aug 20, 2009 12:31pm | Edited 12:48pm
Quoting I like steak
I agree to wait for daily close...I did not trade the move lower from 157 cause thought the shanghai recovery from 20% fall may support geppy but the pound looks week (EURGBP) and the fall from 157 was sharp and deep.

It is almost as if the market (equities) have run hard, then a quick sell-off, then "no we are still going up" and then: DOWN

Indicators macd and rsi on daily still lower and in line with weekly.

Let's see. I had a good week so don't want to mess it up with a wrong trade now but it looks as if we can have a sharp fall...
Okay - only time will tell. . .

I see a complex 4th wave which has an ABC correction in the making. . .
Look like we have seen A & B and we now in the C wave which should end ar'd 158.80/159.35 area. . . possibly by sunday/monday of next week before heading to 150. . .

But trade yr chart bro, trade yr chart. . .
will post my view in a bit. . .
  • #190,076
  • Aug 20, 2009 12:32pm Aug 20, 2009 12:32pm
Quoting I like steak
I agree to wait for daily close...I did not trade the move lower from 157 cause thought the shanghai recovery from 20% fall may support geppy but the pound looks week (EURGBP) and the fall from 157 was sharp and deep.

It is almost as if the market (equities) have run hard, then a quick sell-off, then "no we are still going up" and then: DOWN

Indicators macd and rsi on daily still lower and in line with weekly.

Let's see. I had a good week so don't want to mess it up with a wrong trade now but it looks as if we can have a sharp fall from...

seems this rise due to options expiry

bad news
sears lost a pot load
Barnes and Noble earnings down
Unemployment claims higher than expected
Mortgage delinquencies highest ever

good news
For its fourth consecutive monthly gain, the index of leading economic indicators rose 0.6% in July, following an upwardly revised increase of 0.8% in June. However, July's gain was below the consensus forecast of 0.7% from economists polled by MarketWatch.

BACK UP ... THAT IS A DROP FORM LAST MONTH HOW IS THAT GOOD NEWS ???? lol

I reckon we will see that bear div play out in ES next week....s & p re test 975 and gj into 150 zone ..I think by Tuesday morning
Blogging daily now at www.volume.zone
  • #190,077
  • Aug 20, 2009 12:42pm Aug 20, 2009 12:42pm
dow is still in bull mode above the red trend line. 9062 major support.. close above 9375=strength.
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #190,078
  • Aug 20, 2009 12:42pm Aug 20, 2009 12:42pm
http://www.dailyfx.com/story/tophead...778513008.html

Read the speculative sentiment..

This should playout next week..

[
  • #190,079
  • Aug 20, 2009 12:44pm Aug 20, 2009 12:44pm
Quoting ewokuk
but not us in here eh? we be watching this wedge and trendlines ready to jump on it w00h00

except i cant cos my 3g mobile internet stick is broke so i cant trade while at work. whos got a spare? :nerd:
have a nice trick for you ewok. check pm
  • #190,080
  • Aug 20, 2009 12:45pm Aug 20, 2009 12:45pm
Quoting quecee5
Okay - only time will tell. . .

I see a complex 4th wave which has an ABC correction in the making. . .
Look that we have seen A & B and we now in the C wave hwihc should end ar'd 158.80/159.35 area. . . possibly by sunday monday of next week before heading to 150. . .

But trade yr chart bro, trade yr chart. . .
will post my view in a bit. . .
Thank you, I am thinking hard about what you and rgitt is saying on that wave count...plus the low mid week was higher than the previous low....

Maybe time to start the weekend.....

appreciate your feedback.
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