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

  • #193,781
  • Sep 2, 2009 3:58pm Sep 2, 2009 3:58pm
Quoting england33
looks like every angle has been cover lol. nothing to say.. i think everyone is thoroughly confused enough..
  • #193,782
  • Sep 2, 2009 4:03pm Sep 2, 2009 4:03pm
Quoting malcolmb14
there you are lol .. thought you had run away with my $10 ....

there is talk of market selling off / retracing after labour day weekend . The daily US index charts support that theory.

Today was a really odd day ... could be that there is shock after large drop yesterday and market players deciding what to do next .

GJ was very range bound all day and could not break 150.50.....right now stuck in channel 150.50 to 149.50 .. .that suits me just fines .. bounce around in that channel 10 times for me please GJ

gold did something very odd today...
Well, there are something that might worth checking out. Please take a look at EURGBP, 4h chart. Notice that after the long consolidation, price start to break to the downside. Now, move to GBPCHF, the same story. Same goes to GBPUSD. Well, that conclude that there is already demand for pound. Now, take a look at EURJPY, again 4h chart, notice the reversal candles? Yes, I know it not confirmed yet, but that must indicate something. From my point of view, USDJPY still in bearish mode for now. Nothing to speculate for UJ.
  • #193,783
  • Sep 2, 2009 4:13pm Sep 2, 2009 4:13pm
Quoting I like steak
A close above 150.53 on 4 hour will confirm a counter trend trade with first target 152 daily pivot R1 and then 153 weekly pivot pp.

Dow futures flat atm..

Still no close above 150.53 but looks as if we have a short term bottom....
  • #193,784
  • Sep 2, 2009 4:41pm Sep 2, 2009 4:41pm
Quoting england33
looks like every angle has been cover lol. nothing to say.. i think everyone is thoroughly confused enough..
nothing to be confused about .... really , ES closed under 1000 and in fact had a nice drop into close , so markets not reversing yet.

might price retrace to 151.50 ? sure

but fact is channel is still down , rsx on 4 hour is 30 and has stacks of room to go down and price action today suggested consolidation day.

Not confused here ... 147 here we come ....

gj does not even have the buyers interest to form a nice little bear flag on 15 min

Attached Image (click to enlarge)
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  • #193,785
  • Sep 2, 2009 4:46pm Sep 2, 2009 4:46pm
I find it amusing, Malcolmb. The market in decline yesterday and the guy you placed your bet with dissappears. Today he is full of confidence seeing a retracement which DOES NOT mean a trend reversal. Did you bet on 147 by fri?
  • #193,786
  • Sep 2, 2009 4:51pm Sep 2, 2009 4:51pm
Quoting neptun84
I find it amusing, Malcolmb. The market in decline yesterday and the guy you placed your bet with dissappears. Today he is full of confidence seeing a retracement which DOES NOT mean a trend reversal. Did you bet on 147 by fri?

148 .... easy to obtain in 2 days I think
Blogging daily now at www.volume.zone
  • #193,787
  • Sep 2, 2009 5:01pm Sep 2, 2009 5:01pm
looks like 4H stochastic is turning to head south
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  • #193,788
  • Sep 2, 2009 5:20pm Sep 2, 2009 5:20pm
Quoting malcolmb14
nothing to be confused about .... really , ES closed under 1000 and in fact had a nice drop into close , so markets not reversing yet.

might price retrace to 151.50 ? sure

but fact is channel is still down , rsx on 4 hour is 30 and has stacks of room to go down and price action today suggested consolidation day.

Not confused here ... 147 here we come ....

gj does not even have the buyers interest to form a nice little bear flag on 15 min

Attachment
now that's confusing.. 147 eh.. let me get out my lucky quarter.. heads it's 147 tails it's 152... ok humm.. hmm.. i won't tell you the result ha ha ha.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,789
  • Sep 2, 2009 5:23pm Sep 2, 2009 5:23pm
Quoting ewokuk
one thing is for certain, it will definitely either go up, or down, or sideways.

ive set an alarm at 149.75 and one at 150.55 to wake me up whichever direction it decides to go in asia
hi buddy. how do u set price alert on the platform? i dont seems to have any price alert indicator. i will realy appreciate if u can point the direction
thanks in advance
  • #193,790
  • Sep 2, 2009 5:28pm Sep 2, 2009 5:28pm
An hour and a half after the US session close, and we had 17 pips range, keep up the good work you big boys till one day u let the daily range to be 1 pip only with your smart actions
  • #193,791
  • Sep 2, 2009 5:31pm Sep 2, 2009 5:31pm
Quoting england33
now that's confusing.. 147 eh.. let me get out my lucky quarter.. heads it's 147 tails it's 152... ok humm.. hmm.. i won't tell you the result ha ha ha.
pretty simple ....

convincing 30 min close above 150.50 then 151.50 as scrat pointed out earlier , maybe your 152

I am not saying we could not retrace a bit of the down move , in fact would be very healthy for new lows if we did.

I am just saying that today it had issues trying to break out of 150.50 for some reason and gold just tore up $25 in a day.... very odd

Now we are at the mercy of the Chinese as it seems GJ is very influenced by SSE these days
Blogging daily now at www.volume.zone
  • #193,792
  • Sep 2, 2009 5:33pm Sep 2, 2009 5:33pm
Quoting beejay
hi buddy. how do u set price alert on the platform? i dont seems to have any price alert indicator. i will realy appreciate if u can point the direction
thanks in advance
you open terminal, alerts, and right click. create a new alert.. your all set.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,793
  • Sep 2, 2009 5:36pm Sep 2, 2009 5:36pm
here is GOLD chart i guess goodbye USD once the red line is taken out

bullish breakout for the triangle

becareful shorting GU or EU its going up i have faith in my analysis
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  • #193,794
  • Sep 2, 2009 5:40pm Sep 2, 2009 5:40pm
Quoting malcolmb14
pretty simple ....

convincing 30 min close above 150.50 then 151.50 as scrat pointed out earlier , maybe your 152

I am not saying we could not retrace a bit of the down move , in fact would be very healthy for new lows if we did.

I am just saying that today it had issues trying to break out of 150.50 for some reason and gold just tore up $25 in a day.... very odd

Now we are at the mercy of the Chinese as it seems GJ is very influenced by SSE these days
all true but your not a bit worried about the possibility it will reverse? downtrends don't last forever..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,795
  • Sep 2, 2009 5:40pm Sep 2, 2009 5:40pm
Quoting pino2
An hour and a half after the US session close, and we had 17 pips range, keep up the good work you big boys till one day u let the daily range to be 1 pip only with your smart actions
Why don't you think of making GJ to have fixed price for example 150.14, this will save your time and effort in pressing the pair from up and down, and when you want to have some volatility you can push the prices down to 150.12 2 pips at a time, and then a big whipsaw to 150.15, hey big boys try to think about it, as it suits your way of thinking.
  • #193,796
  • Sep 2, 2009 6:00pm Sep 2, 2009 6:00pm
Quoting I like steak
A close above 150.53 on 4 hour will confirm a counter trend trade with first target 152 daily pivot R1 and then 153 weekly pivot pp.

Dow futures flat atm..


Quoting I like steak
Still no close above 150.53 but looks as if we have a short term bottom....
Since there is a bit of battle here in opinions...(no way...)

USDJPY is not looking any good for a retrace atm...
  • #193,797
  • Sep 2, 2009 6:06pm Sep 2, 2009 6:06pm
Quoting england33
all true but your not a bit worried about the possibility it will reverse? downtrends don't last forever..
i day trade .. if it gets above 150.50 then i will look for longs .

I use something called value area of prior day , today we were bouncing off point of control yesterday ALL day. Very easy pipping.

If tomorrow I come to my computer and price is above the point of control of today and moving towards upper value area of today then I will be looking for longs , if already above the upper vlaue are of today then i look for longs

ES today ... yesterday close 998 .. every time it could not get thru it sell ...just doibng this 20 points to be had

My mate who is a swing trader teases me that i cannot hold a trade to save my life. i tell him why bother markets are dynamic .. they can change session to session and some days with good timing 200 - 300 pipss is very possible

ask how mnay swing traders made 20 points on ES today ...lol ( not that I did ) only 2 trades for 4 points
Blogging daily now at www.volume.zone
  • #193,798
  • Sep 2, 2009 6:15pm Sep 2, 2009 6:15pm
to confuse all of u lol

fibo confluence area 14850-149

If bullish div failed and zone broken somehow i expect 600 pips fall almost in straight line but this unlikely scenario
Attached Image
  • #193,799
  • Sep 2, 2009 6:20pm Sep 2, 2009 6:20pm
Im expecting a 3+ point drive north over next day or so
"Millionaires don't use astrology, billionaires do"
  • #193,800
  • Sep 2, 2009 6:21pm Sep 2, 2009 6:21pm
Quoting 5ysfx
to confuse all of u lol

fibo confluence area 14850-149

If bullish div failed and zone broken somehow i expect 600 pips fall almost in straight line but this unlikely scenario
600 pips fall .....ooo kkk then.......

That just about confirmed a few hours for me in lala land...not worth the risk atm...

See you all..
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