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

  • #192,681
  • Aug 30, 2009 10:14pm Aug 30, 2009 10:14pm
still in. the last hourly candle doesn't look like a bottom candle to me.
  • #192,682
  • Aug 30, 2009 10:19pm Aug 30, 2009 10:19pm
Quoting malcolmb14
1000 pip drop could start this week IF the same pattern as nov 2007 is forming
it does look like the same pattern. except it's a bit early this year.
"Don't trade to trade . . . trade to win." - James16
  • #192,683
  • Aug 30, 2009 10:21pm Aug 30, 2009 10:21pm
Quoting Fudomyo
still in. the last hourly candle doesn't look like a bottom candle to me.

wait for 149 first..
MY OPINION NOT FINANCIAL ADVISE
  • #192,684
  • Aug 30, 2009 10:21pm Aug 30, 2009 10:21pm
price is still on its way to possible target.

trade safe
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  • #192,685
  • Aug 30, 2009 10:21pm Aug 30, 2009 10:21pm
Quoting Fudomyo
still in. the last hourly candle doesn't look like a bottom candle to me.
We could really see 147 by today (a day earlier than I thought)
  • #192,686
  • Aug 30, 2009 10:25pm Aug 30, 2009 10:25pm
Quoting mktjong
We could really see 147 by today (a day earlier than I thought)

but give me a 152 first
  • #192,687
  • Aug 30, 2009 10:27pm Aug 30, 2009 10:27pm
those bullish

simple weekly.... july top double top ... this year double top
July 2007 5000 pip drop this year ?

simple channel unless 160 taken out

assuming down move off double top same as 2007 then 5000 pip move in the making....

means dj has to come off into a 50 % retrace of up move .. that would be all that is needed

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  • #192,688
  • Aug 30, 2009 10:27pm Aug 30, 2009 10:27pm
Quoting mktjong
We could really see 147 by today (a day earlier than I thought)
  • #192,689
  • Aug 30, 2009 10:29pm Aug 30, 2009 10:29pm
Quoting Fudomyo
still in. the last hourly candle doesn't look like a bottom candle to me.
got impatient and closed. nothing wrong with taking profit.
"Don't trade to trade . . . trade to win." - James16
  • #192,690
  • Aug 30, 2009 10:31pm Aug 30, 2009 10:31pm
UJ over its daily ATR now
GJ may bounce at high from 150.14 from 07.05 ?
watch out, down be too greedy.........
  • #192,691
  • Aug 30, 2009 10:33pm Aug 30, 2009 10:33pm
Quoting Flem26
got impatient and closed. nothing wrong with taking profit.
of course, now it drops.
"Don't trade to trade . . . trade to win." - James16
  • #192,692
  • Aug 30, 2009 10:34pm Aug 30, 2009 10:34pm
Its still Sunday, we have 5 days ahead of us. We will see buttom then retrace and resume back to its drop again. UK is closed tomorrow anyways... JPY will take advantage 149.80 -150.20 -152.50 - 153.80 then 146 area or lower is coming by the end of this week.
  • #192,693
  • Aug 30, 2009 10:47pm Aug 30, 2009 10:47pm
oh my. little queecey weecey must be sitting there rubbing his hands.

was asleep, had set alarm for hitting 150.20, woke me up and just closed mine at 150.30, i want some sort of retrace before i get in again, even if its only to 151. ill set an alarm to wake me up if it gets to 150.90 or if it tanks down past 150 incase it drops hard.
  • #192,694
  • Aug 30, 2009 10:57pm Aug 30, 2009 10:57pm
Quoting ewokuk
oh my. little queecey weecey must be sitting there rubbing his hands.

was asleep, had set alarm for hitting 150.20, woke me up and just closed mine at 150.30, i want some sort of retrace before i get in again, even if its only to 151. ill set an alarm to wake me up if it gets to 150.90 or if it tanks down past 150 incase it drops hard.

retrace to 15150 is possible i do not like to take losses after all
  • #192,695
  • Aug 30, 2009 11:09pm Aug 30, 2009 11:09pm
Quoting Flem26
of course, now it drops.
green pips are always a good exit.

I'm out as well for the moment. doji on the 1H.

the week is young! and off to a good start.

I can go eat lunch now that my trade is closed...
  • #192,696
  • Aug 30, 2009 11:11pm Aug 30, 2009 11:11pm
someone is gaming the Nikkei today. Hovering around 10500 level however there was 1 tick launching it to 10550 before coming back down.
  • #192,697
  • Aug 31, 2009 1:16am Aug 31, 2009 1:16am
The weekly is forming double top. If this week close below 150. How high the chances of going 141. Eulogy? Malcolm? Whats your opinion?
Read the entire market, money is made on the main trend not the fluctuation
  • #192,698
  • Aug 31, 2009 1:29am Aug 31, 2009 1:29am
Quoting Kofmaster
The weekly is forming double top. If this week close below 150. How high the chances of going 141. Eulogy? Malcolm? Whats your opinion?
What i can tell you is that it will not go to 141 in a straight line. As been noted several times in this thread, 146.50-147 area is an area of support for quite some months now. Break that and most likely support would be down to the 142 range.

Ultimately though i am seeing a move back into the mid to low 130s at the very least. There are quite a few doomsday people predicting double figure GJ as well . I'll reserve my judgement on calling for a deeper fall past the previous lows until i see the behaviour of the beast down lower.
  • #192,699
  • Edited 1:47am Aug 31, 2009 1:31am | Edited 1:47am
Quoting Kofmaster
The weekly is forming double top. If this week close below 150. How high the chances of going 141. Eulogy? Malcolm? Whats your opinion?
A weekly close below 146.76 would confirm a Trend reversal (correction)
on Weekly.. The second signal after the weekly Gann.
the Double top formations are usualy topping patterns on every Bull RUN in BEAR trend or MArket. something simillar we are having here..after that close [then the 146.76 is like a NL to that pattern.. simillar as H/S formation]
.. the low levels to 136 and lower, as a possible test of Our LOW at 118 are in game... but again..

everything, ..step by step..

[If... Then .... Else... otherwise 1.... otherwise 2..]



cheers
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  • #192,700
  • Aug 31, 2009 1:35am Aug 31, 2009 1:35am
Quoting ewokuk
oh my. little queecey weecey must be sitting there rubbing his hands.

was asleep, had set alarm for hitting 150.20, woke me up and just closed mine at 150.30, i want some sort of retrace before i get in again, even if its only to 151. ill set an alarm to wake me up if it gets to 150.90 or if it tanks down past 150 incase it drops hard.
Hi ewokuk, I wish to have the alarm too...i'm new to forex and have no idea which indicator do that. If it is a custom indicator can u share it here please ? . Thanks in advance.
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