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

  • #193,061
  • Aug 31, 2009 11:53pm Aug 31, 2009 11:53pm
Quoting ewokuk
*puts on mal mask*

151.80
151.40
151.15
then 147
151.80.. oh man come on.. this must be going up if that's your fist target. 152.50 is next.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,062
  • Aug 31, 2009 11:57pm Aug 31, 2009 11:57pm
151.95 support.. if hold we go higher.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,063
  • Edited 12:12am Sep 1, 2009 12:00am | Edited 12:12am
Quoting england33
151.80.. oh man come on.. this must be going up if that's your fist target. 152.50 is next.

yep 152.50-63 should be the target for seller if there should be any, ....153.50 is also decision for overall sellers to hit the market back......let see.
MY OPINION NOT FINANCIAL ADVISE
  • #193,064
  • Sep 1, 2009 12:01am Sep 1, 2009 12:01am
Quoting JollyBean
If this correction plays out, I see a first target of 153.50-154.00 (previous support now possibly turned resistance).

Good luck and trade your charts!
those candlestick patterns fail all the time and that 5th candle back is a sign of weakness/very bearish.. it will have to close above the head of it to be bullish..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,065
  • Sep 1, 2009 12:01am Sep 1, 2009 12:01am
the upside seem to be not end because of EG not find any resistance levels yet. Just opinion guys, good luck.
  • #193,066
  • Sep 1, 2009 12:02am Sep 1, 2009 12:02am
I see many people here making prediction, going down to 146 range or going up to 160 range, using chart.

But, daytrading is nothing to do with those numbers. All you have to look for in the chart is least resistance when price action is going on, whether up or down price is moving. Also, observe London and NY mkt open, and what big traders are doing, try to follow them.

So keep trading as simple as possible (use always sl and tp).
  • #193,067
  • Sep 1, 2009 12:05am Sep 1, 2009 12:05am
Quoting donfriday
yep 153.50-63 should be the target for seller if there should be any, ....153.50 is also decision for overall sellers to hit the market back......let see.
cross my fingers.. i hope i could stay up for this. need to make a trade to keep my quota lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,068
  • Sep 1, 2009 12:08am Sep 1, 2009 12:08am
ok were in resistance now.. let's see what happens..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,069
  • Sep 1, 2009 12:11am Sep 1, 2009 12:11am
Quoting donfriday
hell no bro...we have had wrong and good calls....anyone can be wrong so let get back to business...that is over now ....cheers
mate i dont feel like to fight with u..
u were right now i made wrong call because i said 15250 would be max

gonna back to business
  • #193,070
  • Sep 1, 2009 12:13am Sep 1, 2009 12:13am
what, THE HELL, is it doing
  • #193,071
  • Sep 1, 2009 12:16am Sep 1, 2009 12:16am
i have a feeling that those big boys know exactly what's gonna happen with the EUR and GBP data out in the next 90 mins. spiking it as high as it will go with the low volumes. Asia closed weak to say the least.
  • #193,072
  • Sep 1, 2009 12:16am Sep 1, 2009 12:16am
Quoting 5ysfx
mate i dont feel like to fight with u..
u were right now i made wrong call because i said 15250 would be max

gonna back to business
i think after news release.. it will be down...
  • #193,073
  • Sep 1, 2009 12:17am Sep 1, 2009 12:17am
Quoting ewokuk
what, THE HELL, is it doing
when people join the bandwagon they screw them up.

http://i072.radikal.ru/0909/42/66dc3047e055.gif
  • #193,074
  • Sep 1, 2009 12:17am Sep 1, 2009 12:17am
Quoting 5ysfx
mate i dont feel like to fight with u..
u were right now i made wrong call because i said 15250 would be max

gonna back to business

bro is okay, nothing like that, it was even malc making me look stupid of my own analysis , but every trader should trade is believed system.
i've seen this kind of price movement several times, same thing happen last week, ej,gu,eu, made correction till next day before gj made correction to 153..
so this is same scenario, in every sell there must be buyers and every buyer there must be seller..
we are 1 family, different opinion.
let talk next thing on gj now..
MY OPINION NOT FINANCIAL ADVISE
  • #193,075
  • Sep 1, 2009 12:19am Sep 1, 2009 12:19am
Quoting Eulogy
i have a feeling that those big boys know exactly what's gonna happen with the EUR and GBP data out in the next 90 mins. spiking it as high as it will go with the low volumes. Asia closed weak to say the least.
or they know its going to be better than expected and all going long early? and i wouldnt call it low volume, its the same volume as the PEAK of NY yesterday
  • #193,076
  • Sep 1, 2009 12:22am Sep 1, 2009 12:22am
Quoting ewokuk
or they know its going to be better than expected and all going long early? and i wouldnt call it low volume, its the same volume as the PEAK of NY yesterday
Doubt it, if they knew it was going to be good then they would have pushed it down to 150 during Asia session.

2 yr TSY bond yields just dropped another 1 bps down to 0.9762%. Why are they continuously buying risk-free assets if its all fine and dandy?
  • #193,077
  • Sep 1, 2009 12:26am Sep 1, 2009 12:26am
e: Originally Posted by hindart http://cdn.forexfactory.com/images/buttons/viewpost.gif
looks like reverse H&S in making on 15M line with Neck line placed at 151ish.
It taken it should got to 153.90. that should be a ideal place to short. First target it 152 any way.

Comments are well appreciated.

Quoting hindart
Now that Neck line is broken, It will move to 152 then 152.6 ( gaps closing ) and finally to 153.9 before any down move.

Comments please!!!

Oh My God, this was my first public call and hit the bull's eye.
Unfortunately succumbed to bearish forum and did premature exit at 151.45. and went short there itself. I am in red now...
No idea of what to do but will wait till 153.9
  • #193,078
  • Sep 1, 2009 12:28am Sep 1, 2009 12:28am
Quoting ewokuk
what, THE HELL, is it doing
mate i tried to warn you..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,079
  • Sep 1, 2009 12:29am Sep 1, 2009 12:29am
Quoting england33
mate i tried to warn you..
  • #193,080
  • Sep 1, 2009 12:30am Sep 1, 2009 12:30am
It highly overbought now. Will look to add shorts at the stroke 153.00
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