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

  • #194,921
  • Sep 6, 2009 9:13pm Sep 6, 2009 9:13pm
Quoting msniper
what about the other way from 215 to 118 no correction
dont worry, im not jumping on you.. but I wanna see your count from 163.. (subwaves)

thnks.. (when you can)
  • #194,922
  • Sep 6, 2009 9:13pm Sep 6, 2009 9:13pm
Quoting A-speculator
Personally to me, 146-147 area is the crossroad:

1- Breakdown and validate the pattern as double top
2- Rangebound 147 - 163 perhaps?

To be safe, I will TP @ around 147 and see how things play out. I would like to hear comments regarding the possibility of option (2)..

Thank you.
what about option 3

149 to 163

its only 200 to 300 pips from the 146 or 147 big boys may be dont want you to get more piece of the cake
  • #194,923
  • Sep 6, 2009 9:14pm Sep 6, 2009 9:14pm
Quoting Piters
dont worry, im not jumping on you.. but I wanna see your count from 163.. (subwaves)

thnks.. (when you can)
u want the count from 163 to 149 ?
  • #194,924
  • Sep 6, 2009 9:15pm Sep 6, 2009 9:15pm
Quoting A-speculator
Personally to me, 146-147 area is the crossroad:

1- Breakdown and validate the pattern as double top
2- Rangebound 147 - 163 perhaps?

To be safe, I will TP @ around 147 and see how things play out. I would like to hear comments regarding the possibility of option (2)..

Thank you.
option 2 is here

http://www.forexfactory.com/showthre...45#post3026145

possible triangle on JPY index
if break to downside all jpy crosses will fly away, but fundamentals say somethin different thats why i am still bullish on JPY.
  • #194,925
  • Sep 6, 2009 9:15pm Sep 6, 2009 9:15pm
Quoting grashid
...remember my chapter 2: 147-141.50-135.50(136 PB)
Personally I have the same opinion as you based on weekly.. Just wanna hear comments other than our opinion. Looking at weekly, I can see weakness in acceleration and momentum and monthly starting to show weakness in acceleration. I am with you with the DT.. No doubt about it. Just wanna hear something different.
  • #194,926
  • Sep 6, 2009 9:16pm Sep 6, 2009 9:16pm
Quoting msniper
u want the count from 163 to 149 ?
yup
  • #194,927
  • Sep 6, 2009 9:18pm Sep 6, 2009 9:18pm
Quoting A-speculator
Personally to me, 146-147 area is the crossroad:

1- Breakdown and validate the pattern as double top
2- Rangebound 147 - 163 perhaps?

To be safe, I will TP @ around 147 and see how things play out. I would like to hear comments regarding the possibility of option (2)..

Thank you.
I'm just a noob but I saw that, but was waiting to see if I was a loonatic or something good that I'm not alone but this is mid term talking, I wonder what Malcom to say about this possible range. option 2 that is....
  • #194,928
  • Sep 6, 2009 9:18pm Sep 6, 2009 9:18pm
looks very unstable even for asia.. no big moves but something doesn't look right.. be careful you could have your head handed to you.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #194,929
  • Sep 6, 2009 9:19pm Sep 6, 2009 9:19pm
closed positions, im going short.
  • #194,930
  • Sep 6, 2009 9:20pm Sep 6, 2009 9:20pm
Quoting msniper
u want the count from 163 to 149 ?
I'm sorry to say this, but currently beside technical analysis, COT data shows that they are highly bearish GBP and Highly bullish JPY.. Maybe after this wave..
  • #194,931
  • Sep 6, 2009 9:21pm Sep 6, 2009 9:21pm
I post my long at the start of the session...and watched the first surge up to 152.9..

Usually when trading yen I look at EURGBP to decide which one to long or short..ie either EURJPY or GBPJPY...but lately only trading geppy with an eye on EURGBP.

And I was looking at EURGBP walking the resistance line during this session...and thought to close out long at 152.88.

EURGBP broke the line and down we go ... however I did not close my long...because the surge in EURGBP brought the lagging yen pair EURJPY about to break it's 4hour resistance line...

This will mean that if USDJPY, GBPJPY and now EURJPY has all broken the 4hour resistance lines...then it should support a more bullish "short term"

Watching that 4hour close on EURJPY closely.

Thank you all for the and posting your views

Attached Images
  • #194,932
  • Sep 6, 2009 9:21pm Sep 6, 2009 9:21pm
Quoting Piters
dont worry, im not jumping on you.. but I wanna see your count from 163.. (subwaves)

thnks.. (when you can)
already post it long time ago

2 old charts for u one i was getting ready for wave 5 to finesh

and other one i said wave 5 is finshed and went long

hope this is what u asking for
Attached Image(s) (click to enlarge)
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  • #194,933
  • Edited 10:10pm Sep 6, 2009 9:23pm | Edited 10:10pm
Quoting msniper
what about the other way from 215 to 118 no correction
Wave abc from 215 - 118 completed bro. 118 - 163 wave 1, now wave 2 down
  • #194,934
  • Sep 6, 2009 9:25pm Sep 6, 2009 9:25pm
Quoting I like steak
I post my long at the start of the session...and watched the first surge up to 152.9..

Usually when trading yen I look at EURGBP to decide which one to long or short..ie either EURJPY or GBPJPY...but lately only trading geppy with an eye on EURGBP.

And I was looking at EURGBP walking the resistance line during this session...and thought to close out long at 152.88.

EURGBP broke the line and down we go ... however I did not close my long...because the surge in EURGBP brought the lagging yen pair EURJPY about to break it's 4hour resistance line......
thats what i usually do i look at EURGBP to see how bullish or bearish and decide my GJ trade

i went long at 149 because EG was at huge monthly resistance at 8855 area and i posted my charts before when it was at 8840 area
  • #194,935
  • Sep 6, 2009 9:26pm Sep 6, 2009 9:26pm
Quoting I like steak

Watching that 4hour close on EURJPY closely.
The EURJPY 4hour ....
Attached Image
  • #194,936
  • Sep 6, 2009 9:26pm Sep 6, 2009 9:26pm
Quoting msniper
already post it long time ago

2 old charts for u one i was getting ready for wave 5 to finesh

and other one i said wave 5 is finshed and went long

hope this is what u asking for
If I'm not mistaken, wave 5 normally will be in a wedge form, right? I don't think you can count that consolidation pattern like that as wave 5. Based on your fibo, what is the price for 261 fibo? if you don't mind me asking..
  • #194,937
  • Sep 6, 2009 9:31pm Sep 6, 2009 9:31pm
Quoting A-speculator
If I'm not mistaken, wave 5 normally will be in a wedge form, right? I don't think you can count that consolidation pattern like that as wave 5. Based on your fibo, what is the price for 261 fibo? if you don't mind me asking..
not always
  • #194,938
  • Sep 6, 2009 9:35pm Sep 6, 2009 9:35pm
Quoting pkimnyc
not always
well, if this really wanna go up, I think at least we gonna see double bottom here.. or some sort of reversal pattern..
  • #194,939
  • Sep 6, 2009 9:37pm Sep 6, 2009 9:37pm
Quoting A-speculator
well, if this really wanna go up, I think at least we gonna see double bottom here.. or some sort of reversal pattern..
What I mean is a clear reversal pattern. Not like this.. That's my 2 cents..
  • #194,940
  • Sep 6, 2009 9:38pm Sep 6, 2009 9:38pm
Quoting A-speculator
well, if this really wanna go up, I think at least we gonna see double bottom here.. or some sort of reversal pattern..
we've already seen reversal pattern from last week.
whether it's reversal or retracement of the down move is not yet known, at least not in my knowledge.
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