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

  • #192,921
  • Aug 31, 2009 5:43pm Aug 31, 2009 5:43pm
Does anyone else think this is going back up before we go down?
Dont get me wrong im a bear here like most of you but I am reluctant to place a trade yet as I feel this will go back up before a nice move down.
Any views?
  • #192,922
  • Aug 31, 2009 5:47pm Aug 31, 2009 5:47pm
Quoting Temps
Does anyone else think this is going back up before we go down?
Dont get me wrong im a bear here like most of you but I am reluctant to place a trade yet as I feel this will go back up before a nice move down.
Any views?
i am bear .. but China can do anything they want ,,, down 6% last night could be up 10% tonight.

level to watch for upside break is that 151.50 zone

other than that and IF indexes bearish in Asia we could head down to 150 or lower

price just broke lower trend line of channel

Attached Image (click to enlarge)
Click to Enlarge Name: gj4hr01.gif Size: 20 KB
Blogging daily now at www.volume.zone
  • #192,923
  • Aug 31, 2009 5:50pm Aug 31, 2009 5:50pm
Quoting Temps
Does anyone else think this is going back up before we go down?
Dont get me wrong im a bear here like most of you but I am reluctant to place a trade yet as I feel this will go back up before a nice move down.
Any views?

trade your chart. not everybody is bearish. im bull atm for short term move to around 152.xx and unitil it get there i dont see it going down. i have been wrong a million time
  • #192,924
  • Aug 31, 2009 5:52pm Aug 31, 2009 5:52pm
sydney open,,and is going up,,,
  • #192,925
  • Aug 31, 2009 5:58pm Aug 31, 2009 5:58pm
Quoting pirata
147????
when it was 214 and people were saying it'll fly to 230, i said 168.8 at least.........

never say never
  • #192,926
  • Aug 31, 2009 6:00pm Aug 31, 2009 6:00pm
Quoting malcolmb14
i am bear .. but China can do anything they want ,,, down 6% last night could be up 10% tonight.

level to watch for upside break is that 151.50 zone

other than that and IF indexes bearish in Asia we could head down to 150 or lower

price just broke lower trend line of channel

Attachment
Thanks for reply malc
I noticed the trend line break but the same thing happened with the last rally up on the 1h chart and then it went up again by 120 pips before turning might that repeat and bring us to 152.xx. I suppose we will just have to keep monitoring the charts and see how it plans out,
Thanks again
  • #192,927
  • Aug 31, 2009 6:01pm Aug 31, 2009 6:01pm
Quoting msniper
not really i like bears you can see it in my avater

but i am just showing my analysis to show that we are getting close to the reversal very soon

i am not going to sell GJ or GU i will just wait for a good area to buy

and for today it will be only scalping because too much news and end of the month so targets wont be more than 50pips

thinking of buying GU at 6220 leve because i see GU will hit friday high again 1.6380 probebly today unless friday low 1.6150 is taken out
alright i went long GU at 6200 and it didn't hit 380 friday high as i was expected but it hit 5325 nice 125pips profit

at the moment i am still waiting for GJ for the last LEG down to start buying for my big SWING TRADE * targeting NEW WEEKLY HIGH *

the last leg down ( WAVE 5 ) should end up any where inside the green circle so i will be ready for any reversal signal

after buying inside this green circle my SL will be a close below 146 on daily

so conclusion MIDTERM LONGTERM i see GU 1.7xxx and GJ 16x.xx
Attached Image (click to enlarge)
Click to Enlarge Name: GJ EW 4.png Size: 34 KB
  • #192,928
  • Aug 31, 2009 6:01pm Aug 31, 2009 6:01pm
no,wath i say is,,the news luck good for gbp this week,,,maybe go all way up now or maybe go down to 150 and up ....148 this week,,no,,147 imposible this week,,,,i dont think is going to go up 300 or down 300 pips..maybe bounce up and down 250 270 pips each direction
  • #192,929
  • Aug 31, 2009 6:03pm Aug 31, 2009 6:03pm
Quoting Temps
Thanks for reply malc
I noticed the trend line break but the same thing happened with the last rally up on the 1h chart and then it went up again by 120 pips before turning might that repeat and bring us to 152.xx. I suppose we will just have to keep monitoring the charts and see how it plans out,
Thanks again

also last time China dropped oil went up in US ... this time it dropped and oil dropped 4% one day. This may have some negative effect on Chna that might weigh on balance of Asia.
Blogging daily now at www.volume.zone
  • #192,930
  • Aug 31, 2009 6:05pm Aug 31, 2009 6:05pm
Quoting pirata
no,wath i say is,,the news luck good for gbp this week,,,maybe go all way up now or maybe go down to 150 and up ....148 this week,,no,,147 imposible this week,,,,i dont think is going to go up 300 or down 300 pips..maybe bounce up and down 250 270 pips each direction
This argument is the best !

impossible because of theory of impossibility
  • #192,931
  • Aug 31, 2009 6:06pm Aug 31, 2009 6:06pm
Quoting msniper
alright i went long GU at 6200 and it didn't hit 380 friday high as i was expected but it hit 5325 nice 125pips profit

at the moment i am still waiting for GJ for the last LEG down to start buying for my big SWING TRADE * targeting NEW WEEKLY HIGH *

the last leg down ( WAVE 5 ) should end up any where inside the green circle so i will be ready for any reversal signal

after buying inside this green circle my SL will be a close below 146 on daily

so conclusion MIDTERM LONGTERM i see GU 1.7xxx and GJ 16x.xx
your waves are off ..... what i do know of ew theory is that wave 3 is the lomgest wave .. often 2 x wave 1
Blogging daily now at www.volume.zone
  • #192,932
  • Aug 31, 2009 6:06pm Aug 31, 2009 6:06pm
Quoting beejay
trade your chart. not everybody is bearish. im bull atm for short term move to around 152.xx and unitil it get there i dont see it going down. i have been wrong a million time
I think you might be right bj (nice name)
152.xx might be the place, Thats were im thinking of shorting from.
Thanks for the reply
  • #192,933
  • Aug 31, 2009 6:14pm Aug 31, 2009 6:14pm
147,,,no way jose

if news come out green tath is wath luck like,,,,how this will touch 148 147 ?how will go there this week,,,,,is going up and up
  • #192,934
  • Aug 31, 2009 6:17pm Aug 31, 2009 6:17pm
Quoting malcolmb14
your waves are off ..... what i do know of ew theory is that wave 3 is the lomgest wave .. often 2 x wave 1
not quite right malc. EW wave lengths rules for impulsive 1 3 and 5 is that wave 1 cannot be the longest, although the majority the time wave 3 is the longest of the entire lot.
  • #192,935
  • Aug 31, 2009 6:17pm Aug 31, 2009 6:17pm
Quoting msniper
alright i went long GU at 6200 and it didn't hit 380 friday high as i was expected but it hit 5325 nice 125pips profit

at the moment i am still waiting for GJ for the last LEG down to start buying for my big SWING TRADE * targeting NEW WEEKLY HIGH *

the last leg down ( WAVE 5 ) should end up any where inside the green circle so i will be ready for any reversal signal

after buying inside this green circle my SL will be a close below 146 on daily

so conclusion MIDTERM LONGTERM i see GU 1.7xxx and GJ 16x.xx
i like this count but bounce off from 147 wont break 15350 imho
there were a lot of money invest there
  • #192,936
  • Aug 31, 2009 6:20pm Aug 31, 2009 6:20pm
Quoting pirata
147,,,no way jose

if news come out green tath is wath luck like,,,,how this will touch 148 147 ?how will go there this week,,,,,is going up and up
LOL he finally shows his hands and reveals his roaring bull.

BTW what does "tath is wath luck like" supposed to mean?????
  • #192,937
  • Aug 31, 2009 6:21pm Aug 31, 2009 6:21pm
15 min chart will show directions
  • #192,938
  • Aug 31, 2009 6:23pm Aug 31, 2009 6:23pm
maybe if go down,,150 and upppp
  • #192,939
  • Aug 31, 2009 6:34pm Aug 31, 2009 6:34pm
Quoting pirata
maybe if go down,,150 and upppp
no way jose

if it drops,it drops hard,147 easy,the trend is down....what makes you think it will magically stop at 150 ?
  • #192,940
  • Aug 31, 2009 6:38pm Aug 31, 2009 6:38pm
if go down know ,the news will make tren up,no for long time,only talking news this week,,no 147,and no 148,,(this week)
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