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

  • #196,501
  • Sep 10, 2009 8:51pm Sep 10, 2009 8:51pm
Quoting A-speculator
you show a chart with descending channel. How can you say that is bullish? So, I presume you're trying to say that the channel is a bull flag, right? until you get confirmed breakout to the upside, it will stay as it is, a downward channel. Furthermore, I'm seeing it as flat top triangle - the top is at ~153 level. Without confirmed breakout of 151.50, the triangle might progress as a range (153 - 151.50 range). Breakout 153.50 will flip the bias to the upside.
Because she move very very quickly to touch 152.388, smell like markdown.
  • #196,502
  • Sep 10, 2009 8:53pm Sep 10, 2009 8:53pm
The 1h and 4h formation reminds me of a drop from 160 (left top of the double top daily) and 163 (right top)... wonder which direction will unfold today..
  • #196,503
  • Sep 10, 2009 8:56pm Sep 10, 2009 8:56pm
Quoting Eulogy
where's your impulsive 1-5 waves? and thats not a valid count for a corrective ABC either.
Feardox can you please clarify this? you chart is unlike any EW count i've ever seen before.
  • #196,504
  • Sep 10, 2009 8:57pm Sep 10, 2009 8:57pm
All your equity will be flowing into the bearish accounts.




Quoting feardox
dont worry about them, they are bearish, our equity is going to be flowing soon, all those bearish going to regret it.
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  • #196,505
  • Sep 10, 2009 8:58pm Sep 10, 2009 8:58pm
Ascending Triangles in a Downtrend (smaller TF) breaks Down ward.

Also last time I posted a Chart if you wanna go by EW...wave 1 at 153.43 .. Wave 4 could not intersect that price yet..so it is a Valid wave 1.. We are in Wave5 Down( mentioned before with Chart.) so wave 5 ..if it doesnot go upto 147...will end at 148 area..Here is another Chart to Support the View..Then we can Start Our Wave2 UP. or retracement ..who knows where it will end.

I wanna see this thing Down First Than UP. break of 153.43 will invalidate this View..Meaning SELL OFF will happen from Higher Level.

But Down First 152.30 is the Key .. hourly Close below... mini tanking will start.
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Markets are not Random, they are designed!
  • #196,506
  • Sep 10, 2009 8:59pm Sep 10, 2009 8:59pm
A quick rundown on the Chinese data......Industrial production forecast at 11.9%, CPI forecast at -1.3%, PPI forecast at -7.8% and Retail Sales forecast at 15.3%. Very volatile stuff for risk




Quoting A-speculator
The 1h and 4h formation reminds me of a drop from 160 (left top of the double top daily) and 163 (right top)... wonder which direction will unfold today..
[
  • #196,507
  • Sep 10, 2009 8:59pm Sep 10, 2009 8:59pm
Quoting malcolmb14
re test of tl ... valid reason lol.... nice chart


I'm waiting a rt on daily GBPLFX to short the pound:

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #196,508
  • Sep 10, 2009 9:00pm Sep 10, 2009 9:00pm
Quoting sinner-
Because she move very very quickly to touch 152.388, smell like markdown.
I'm sorry to say this, i'm not into this mark-up or mark-down thing. Maybe I'm not a VSA user. but if you analyze price momentum and acceleration, you can clearly see why we make the up move, infact I am long from 149.70 - 151.50 which back then you call it a mark-up. But what happens? Is it really a mark-up? Can a mark-up stays for a week of two? My bearish view is totally due to the formation of daily candles. In fact, the acceleration of the uptrend is fading. It's only the matter of time until we see the change in the momentum. But of course, there is a point where this view will be invalidated. Until we break that point and closed above it, I am bearish.
  • #196,509
  • Sep 10, 2009 9:02pm Sep 10, 2009 9:02pm
China's Industrial Production comes in at 12.3% BETTER than the 11.9%

China's CPI comes in at -1.2% BETTER than the -1.3% expected

China's Retail Sales are Better at 15.4% as opposed to 15.3% projected.....
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  • #196,510
  • Sep 10, 2009 9:08pm Sep 10, 2009 9:08pm
freebie if we knew during NY time.




Quoting Piters
Dont know the outcome of the chinese NEWS, but let me show you a setup, which has developed in NY session, and played with tokyo opens..

a simple DESCENDING TRIANGLE setup.. (for more info GOOGLE it)

[Chart]
[
  • #196,511
  • Sep 10, 2009 9:08pm Sep 10, 2009 9:08pm
EJ & UJ heading lower... GJ heading nowhere. akfajfkjakfa GJ!!!!
  • #196,512
  • Sep 10, 2009 9:10pm Sep 10, 2009 9:10pm
Quoting A-speculator
I'm sorry to say this, i'm not into this mark-up or mark-down thing. Maybe I'm not a VSA user. but if you analyze price momentum and acceleration, you can clearly see why we make the up move, infact I am long from 149.70 - 151.50 which back then you call it a mark-up. But what happens? Is it really a mark-up? Can a mark-up stays for a week of two? My bearish view is totally due to the formation of daily candles. In fact, the acceleration of the uptrend is fading. It's only the matter of time until we see the change in the momentum. But of course,...
I hope you are right because I am short, but generally the market direction I pick is the wrong one
  • #196,513
  • Sep 10, 2009 9:10pm Sep 10, 2009 9:10pm
Quoting malcolmb14
I am bearish all the way

BUT the fact of the matter is the chart is still getting higher lows on 3 hour and is in up channel

the fact that we have stalled is bearish BUT both of the high volume bars have been buyers , due to candle position and bar shape within channel , however they seem to have been absorbed by sellers so far.

I am calling range until we get a solid close under 152 on the 2 hour chart at least ... and the bias is a retracement that could even jet to 155 for no damn reason !!!

I have read thru all the posts...
hi malcolmb,wat volumn indicator do u use on your chart? can u pls post here,thanks!
  • #196,514
  • Sep 10, 2009 9:10pm Sep 10, 2009 9:10pm
Quoting A-speculator
EJ & UJ heading lower... GJ heading nowhere. akfajfkjakfa GJ!!!!
Yep, our beast is pretty indecisive
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #196,515
  • Sep 10, 2009 9:13pm Sep 10, 2009 9:13pm
Quoting sinner-
I hope you are right because I am short, but generally the market direction I pick is the wrong one
Don't just hope.. look I shorted GJ @ 153.00 (~ UTL of the range) and the control point is at 153.50. Let's say the price breaks.. I only risk 50 pips of 3% margin. That's how I play.. I hope you not in a very deep position..
  • #196,516
  • Sep 10, 2009 9:14pm Sep 10, 2009 9:14pm
Quoting rgitt05
Things appear deeper than they look.

This stuff, the crater pics with a pickup truck over the side, is over the moon hilarious--and the rollercoaster. Searching for stops? LOL
  • #196,517
  • Sep 10, 2009 9:16pm Sep 10, 2009 9:16pm
Quoting A-speculator
Don't just hope.. look I shorted GJ @ 153.00 (~ UTL of the range) and the control point is at 153.50. Let's say the price breaks.. I only risk 50 pips of 3% margin. That's how I play.. I hope you not in a very deep position..
No not at all. In fact I am playing with extra profits from last week still
  • #196,518
  • Sep 10, 2009 9:16pm Sep 10, 2009 9:16pm
Quoting rgitt05
freebie if we knew during NY time.

sorry bro for a delay.. im a lazy downunder..
just posted a setup for an example.. didnt make a call..

btw.. we made the breakout into Tokyo open
2h from now..

but if you cant count.. then, my bad.. no more... !!
  • #196,519
  • Sep 10, 2009 9:17pm Sep 10, 2009 9:17pm
Quoting rgitt05
Obama said "changes". I think he meant direction of the market bias.

Good definition of support and resistance: "Yes, we can.... No we can't". Depends on the vantage point and direction, LOL.
  • #196,520
  • Sep 10, 2009 9:18pm Sep 10, 2009 9:18pm
Quick everyone buy the new shiney turd LOL

the new british euro
"Millionaires don't use astrology, billionaires do"
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