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

  • #192,341
  • Aug 28, 2009 6:58am Aug 28, 2009 6:58am
Now, let's steer the ship to bearing 150 again, shall we?
  • #192,342
  • Aug 28, 2009 6:59am Aug 28, 2009 6:59am
But it may go only as ar as this 4 Hr DTL and head back up to that void.

Jim

Quoting A-speculator
I think the upmove is just a pullback and limited to approx 155.00 which is 50% fibo. However, looking at the price now, it seems it failed to break the 38% and that is why I think it is good price to short. Furthermore, 153.50 is consider the previous cluster support turn resistance..
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  • #192,343
  • Aug 28, 2009 7:01am Aug 28, 2009 7:01am
Quoting Nene
But it may go only as ar as this 4 Hr DTL and ead back up to that void.

Jim
if that 4h is confirmed like that, it is bearish engulfing. technically, he pullback is expected. but right now, I think it is the continuation..
  • #192,344
  • Aug 28, 2009 7:04am Aug 28, 2009 7:04am
Quoting A-speculator
if that 4h is confirmed like that, it is bearish engulfing. technically, he pullback is expected. but right now, I think it is the continuation..
to my view, the pullback is the typical breakout retest formation.. I don't think it will last so long.. just my 2 cents..
  • #192,345
  • Aug 28, 2009 7:08am Aug 28, 2009 7:08am
Yea, its usless to make a determination on a candle that has 2 hour left to finish, however, if it closes below both the trendlines then all bets are off and we would consider it a Bearish Engulfer, Agreed? But if it pulls back up, then, a test of your Fib level and my pocket area is a good bet for the start of next week.

Jim

Jim

Quoting A-speculator
if that 4h is confirmed like that, it is bearish engulfing. technically, he pullback is expected. but right now, I think it is the continuation..
  • #192,346
  • Aug 28, 2009 7:13am Aug 28, 2009 7:13am
You can not overlook this Hammer on the Daily.

Jim


Quoting A-speculator
to my view, the pullback is the typical breakout retest formation.. I don't think it will last so long.. just my 2 cents..
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  • #192,347
  • Aug 28, 2009 7:14am Aug 28, 2009 7:14am
Quoting Nene
Yea, its usless to make a determination on a candle that has 2 hour left to finish, however, if it closes below both the trendlines then all bets are off and we would consider it a Bearish Engulfer, Agreed? But if it pulls back up, then, a test of your Fib level and my pocket area is a good bet for the start of next week.

Jim

Jim
There's another thing to consider, let just think like a big investor. Now, let's assume that "they" want this to be bearish, what we can assume is that they will make the current daily candle closed lower than the previous daily candle to make it valid as still in a downtrend (the daily hammer is only consider valid if the next candle closed higher than its high) but this is just a speculation..
  • #192,348
  • Aug 28, 2009 7:18am Aug 28, 2009 7:18am
Quoting Maks
Ok, thank you.

By the way, thank you all guys. I made good pips on GJ reading your thoughts. And in particular to Malcolmb14 with his views and Raza with his views, which made me more cautious expecting the possible change of direction.

My entry on EJ was stupid. Did not take a close look and decided that this is an opportunity to make few pips. Now this opportunity is turning into disaster
Have to agree with Maks... definitely found this thread very helpfull this week. Really appreciate all the activity and discussion. For my first full week of live trading, so far I've got 2600+ pips + whatever I make the rest of the day. This'll be my best week in terms of pips yet. I've had several weeks of demo trading with over 2100 pips... I think up to 2300 or 2400 pips. I already had started to focus on g/j in my demo trading time and then I found this thread last Sun. and it's been a great read! Thanks for all the information.
  • #192,349
  • Aug 28, 2009 7:34am Aug 28, 2009 7:34am
how much more is she gonna fall before retrace ?
  • #192,350
  • Aug 28, 2009 7:36am Aug 28, 2009 7:36am
Quoting Minakata
how much more is she gonna fall before retrace ?
I'm looking to LONG at 150.90 for 50 pips at least
  • #192,351
  • Aug 28, 2009 7:37am Aug 28, 2009 7:37am
Quoting Minakata
how much more is she gonna fall before retrace ?
im looking for retrace to 15m 5ma and back on again.... Closed first short +100
  • #192,352
  • Aug 28, 2009 7:55am Aug 28, 2009 7:55am
done for the week.... Zzzzzzzzzzzzzz so so so sleepy !

see you guys next monday ! happy weekend !

http://www.comeraghcc.com/Images/New...beer_toast.jpg
Trading Forever !!!
  • #192,353
  • Aug 28, 2009 7:57am Aug 28, 2009 7:57am
Quoting cscheat
done for the week.... Zzzzzzzzzzzzzz so so so sleepy !

see you guys next monday ! happy weekend !

http://www.comeraghcc.com/Images/New...beer_toast.jpg
mmmmmmmmm
They look nice.... Enjoy
  • #192,354
  • Aug 28, 2009 8:16am Aug 28, 2009 8:16am
Quoting cscheat
done for the week.... Zzzzzzzzzzzzzz so so so sleepy !

see you guys next monday ! happy weekend !

http://www.comeraghcc.com/Images/New...beer_toast.jpg


I'm tasty bro i need 1 Jug.
MY OPINION NOT FINANCIAL ADVISE
  • #192,355
  • Aug 28, 2009 8:21am Aug 28, 2009 8:21am
Quoting cscheat
done for the week.... Zzzzzzzzzzzzzz so so so sleepy !

see you guys next monday ! happy weekend !

Better wait till weekly candle close below Gann and Hit 136
  • #192,356
  • Aug 28, 2009 8:27am Aug 28, 2009 8:27am
Quoting PandoraBox
Better wait till weekly candle close below Gann and Hit 136
expecting a gap?
  • #192,357
  • Aug 28, 2009 8:34am Aug 28, 2009 8:34am
Quoting PandoraBox
Better wait till weekly candle close below Gann and Hit 136
  • #192,358
  • Edited 9:21am Aug 28, 2009 8:44am | Edited 9:21am
Quoting grashid
The way I saw PA to be test 155 (Strong resistance atm) as long as 154.20 is not break....So my Chapter 2 started with:-

1. Sell limit - 153 (on)
153.50 (miss 10 pips)
154
154.50
155

2. 2Xentry this am @ 152.40 (on)

So 153.80/90 is the ultimate for today before if she wanna go ...mmm

Forget Stop Loss = 159, but dont be suprise if she hit my SL, its a normal ya as i can make a mistake too...

so i will take my long leave... Happy trading, control your mm, trade safely...
wana lough......u guys very stressfull with analysis...but gy r very simple to trade since last week...gu as well....

when i say up yesterday....people still say 150 la etc....n now she already 200 gap at 153+ stiill 157 la 154 la what ever......
go n fine 154.50 is an important number in order to bring me for 2nd chapter or north

n now c back daily....interesting?.

make it simple n easy guys............good luck to all......
  • #192,359
  • Aug 28, 2009 8:57am Aug 28, 2009 8:57am
today close below this am bring her for my chapter 2....other wise...as usual...close it at green pip...see ya next week...bye2
  • #192,360
  • Aug 28, 2009 9:01am Aug 28, 2009 9:01am
Quoting grashid
wana lough......u guys very stressfull with analysis...but gy r very simple to trade since last week...gu as well....

when i say up yesterday....people still say 150 la etc....n now she already 200 gap at 153+ stiill 157 la 154 la what ever......
go n fine 154.50 is an important number in order to bring me for 2nd chapter or north

n now c back daily....interesting?.

make it simple n easy guys............good luck to all......

masta take it easy with us newbie na.....u remember how malc knock ur head
MY OPINION NOT FINANCIAL ADVISE
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