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

  • #192,801
  • Aug 31, 2009 10:54am Aug 31, 2009 10:54am
Looks like heavy sellers around 151.40, agreed with Malcolmb. Let's see ..
  • #192,802
  • Aug 31, 2009 10:59am Aug 31, 2009 10:59am
Quoting mktjong
Looks like heavy sellers around 151.40, agreed with Malcolmb. Let's see ..
still could go higher..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,803
  • Aug 31, 2009 11:00am Aug 31, 2009 11:00am
Quoting mktjong
Looks like heavy sellers around 151.40, agreed with Malcolmb. Let's see ..

correction must be made ....volume will play is part but we have to to..i've seen it several time..
MY OPINION NOT FINANCIAL ADVISE
  • #192,804
  • Aug 31, 2009 11:02am Aug 31, 2009 11:02am
Quoting england33
still could go higher..
Could be and should not go beyond 152.40 area .. (I suspect tomorrow's GBP news is good)
  • #192,805
  • Aug 31, 2009 11:05am Aug 31, 2009 11:05am
Quoting mktjong
Could be and should not go beyond 152.40 area .. (I suspect tomorrow's GBP news is good)
i'm just watching the price action here.. looks to have some momentum at least for the time being..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,806
  • Aug 31, 2009 11:05am Aug 31, 2009 11:05am
Quoting mktjong
Could be and should not go beyond 152.40 area .. (I suspect tomorrow's GBP news is good)

volume saidit must go down now..straight line 147...hurray
MY OPINION NOT FINANCIAL ADVISE
  • #192,807
  • Aug 31, 2009 11:08am Aug 31, 2009 11:08am
Quoting donfriday
volume saidit must go down now..straight line 147...hurray
Then your wife .. opps .. your plan is definitely wrong ..
  • #192,808
  • Aug 31, 2009 11:08am Aug 31, 2009 11:08am
Quoting hindart
Dont say that bro, I just entered at the stock of testing neck line of 15M H&S at 151.21. lol
I am out here `151.45. Everybody is so bearish(: I lost confidence.
Still feel it will go at least to 152.3 to fill up the opening gap.
  • #192,809
  • Aug 31, 2009 11:11am Aug 31, 2009 11:11am
Quoting 5ysfx
yes

sorry for messy chart but i think concept should be recognized
fibos confluence of last correction moves
subwave 5 of 3 in progress jmho
again messy chart but shows clear target
Attached Image
  • #192,810
  • Aug 31, 2009 11:12am Aug 31, 2009 11:12am
Quoting hindart
I am out here `151.45. Everybody is so bearish(: I lost confidence.
Still feel it will go at least to 152.3 to fill up the opening gap.
the fact everyone is so bearish means you'll probably end up right being long...
  • #192,811
  • Aug 31, 2009 11:14am Aug 31, 2009 11:14am
yes, it might go there, that's my target as well.
however, the most important thing is to keep in mind that current bias is bearish, so the question here is not where it might go up but WHERE IS THE CONFIRMATION FOR A NEW SHORT (which should target 148 area).
well?

Quoting hindart
I am out here `151.45. Everybody is so bearish(: I lost confidence.
Still feel it will go at least to 152.3 to fill up the opening gap.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_15min.gif Size: 24 KB
Nihil Sine Deo.
  • #192,812
  • Aug 31, 2009 11:15am Aug 31, 2009 11:15am
trade your believe system, there is no holy grail....trade what u see not u think...
plan ur trade and trade your plsn..someone just dash 16pips to the market just because someone said it's going down..nope that is now how trader should do.
I'm still newbie but i am stubborn to do my tang now what someone says.

my comment below.....
Attached Image (click to enlarge)
Click to Enlarge Name: 8-31-2009 5-11-27 PM.png Size: 10 KB
MY OPINION NOT FINANCIAL ADVISE
  • #192,813
  • Aug 31, 2009 11:19am Aug 31, 2009 11:19am
why am i seeing a gap in MT4 platforms for all USD and JPY pairs except UJ and UChf?
  • #192,814
  • Aug 31, 2009 11:30am Aug 31, 2009 11:30am
Quoting Scrat
yes, it might go there, that's my target as well.
however, the most important thing is to keep in mind that current bias is bearish, so the question here is not where it might go up but WHERE IS THE CONFIRMATION FOR A NEW SHORT (which should target 148 area).
well?
Thanks for the comments S. I am out of my longs now and would start shorts at 152.3 only ( my long target)
  • #192,815
  • Aug 31, 2009 11:53am Aug 31, 2009 11:53am
Huge move down on all metals, how can GBP be bullish today. Looks like 151.40 is max it can go for this retrace. But am in no position yet, don't want to pick the top or bottom but just follow the trend when it is confirmed.
  • #192,816
  • Aug 31, 2009 11:55am Aug 31, 2009 11:55am
it LOOKS like it might be ready to drop now, but we shall see
  • #192,817
  • Aug 31, 2009 11:58am Aug 31, 2009 11:58am
man .. why California would have to suffer so many wild fires .. kinda scary and unbelievable.
  • #192,818
  • Aug 31, 2009 12:07pm Aug 31, 2009 12:07pm
Mal, big drive in CL u still offer biased

awesome SB coming as well, cpl points higher perhaps, long dated p's gonna be cheap me thinks further out. maybe worth a loook
"Millionaires don't use astrology, billionaires do"
  • #192,819
  • Aug 31, 2009 12:10pm Aug 31, 2009 12:10pm
Quoting OrionsWay
Mal, big drive in CL u still offer biased
short biased cl ...taking advantage of rallies...
Blogging daily now at www.volume.zone
  • #192,820
  • Aug 31, 2009 12:11pm Aug 31, 2009 12:11pm
gj retested the 38 % fib retrace line

now we have hidden bear div 1 hour rsx where price formed same price and indie higher high

seems we are being capped by 151.40 for now

Attached Image (click to enlarge)
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