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

  • #196,661
  • Sep 11, 2009 6:38am Sep 11, 2009 6:38am
Quoting AbgZuhaini
Looks to me its going down and its friday for profit taking. anyone still favor to bull?
It's not only profit taking.. it is the beginning of the end of the bull run.. The retracement peaked @ 153.20 already..
  • #196,662
  • Sep 11, 2009 6:39am Sep 11, 2009 6:39am
http://i29.tinypic.com/24zhkdk.jpg
  • #196,663
  • Sep 11, 2009 6:40am Sep 11, 2009 6:40am
Quoting feardox
http://1.bp.blogspot.com/_N2pYGpbSow...GyQ/s400/1.jpg
Its going to do this to all bearish.
http://t3.gstatic.com/images?q=tbn:I...ll-matador.jpg

LOOKS SORE HERE IS ANOTHER ONE
  • #196,664
  • Sep 11, 2009 6:47am Sep 11, 2009 6:47am
lol...

funny how many here just produce hot air and consult their crystal ball for further analysis.

who do you think takes profits? buyers or shortsellers?

profittaking of the long positions has hit the market at 152 days ago and marked the beginning of the sideways move during what potential profittaking at the highs has setup again.
  • #196,665
  • Sep 11, 2009 6:53am Sep 11, 2009 6:53am
Hi

Retracement of this pair is now over and more than likely there'll be a continuation of the major trend for this pair which is downtrend.
Major resistance is currently @153.50 level. Close above that, then the major trend would be invalidated. As long as that resistance remains intact, we're looking at lower levels.

Here are some charts which were posted leading up to this move:

1.http://www.forexfactory.com/showpost...postcount=2857
2.http://www.forexfactory.com/showpost...postcount=2877
3.http://www.forexfactory.com/showpost...postcount=2901
4.http://www.forexfactory.com/showpost...postcount=2910

Trade safe & enjoy the weekend
Thank You
  • #196,666
  • Sep 11, 2009 7:12am Sep 11, 2009 7:12am
Quoting Dr.Geppynius
lol...

funny how many here just produce hot air and consult their crystal ball for further analysis.

who do you think takes profits? buyers or shortsellers?

profittaking of the long positions has hit the market at 152 days ago and marked the beginning of the sideways move during what potential profittaking at the highs has setup again.
yeah.. that what makes this thread so colorful..
  • #196,667
  • Sep 11, 2009 7:15am Sep 11, 2009 7:15am
Ok this is my view for GU, please take note that GU is not my main trading pair, so my view might be inaccurate. From the PA, I think GU currently peaked at 1.673's level and breakout of 1.6650 confirms that short term top is in place and I expect price might retest 1.6550..
  • #196,668
  • Sep 11, 2009 7:20am Sep 11, 2009 7:20am
Gambling mode selling campaign
Attached Image (click to enlarge)
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  • #196,669
  • Sep 11, 2009 7:20am Sep 11, 2009 7:20am
ready for a KABOOOOOOOOOOOM ?
  • #196,670
  • Sep 11, 2009 7:24am Sep 11, 2009 7:24am
Kaboom up or down?
  • #196,671
  • Sep 11, 2009 7:31am Sep 11, 2009 7:31am
Quoting A-speculator
Ok this is my view for GU, please take note that GU is not my main trading pair, so my view might be inaccurate. From the PA, I think GU currently peaked at 1.673's level and breakout of 1.6650 confirms that short term top is in place and I expect price might retest 1.6550..

do u need to stick to 1 bias to make profit....just sell when market say sell and buy when it says buy ...
MY OPINION NOT FINANCIAL ADVISE
  • #196,672
  • Sep 11, 2009 7:31am Sep 11, 2009 7:31am
Quoting $aly
hi malc
how do you see GJ now? is it going to go down ????
GU 1.6700

s&p testing years highs and 1063 is 50% of the down move off the highs , this could be a retracement zone

and BEST gj can do is 153.

If the markets come off then god help the bulls ...

bear div rsx
sellers 153 all week

not much bullish about gj in reality .

we just need patience

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #196,673
  • Sep 11, 2009 7:47am Sep 11, 2009 7:47am
my analysis, shorty fire burning

Inserted Video
  • #196,674
  • Sep 11, 2009 8:05am Sep 11, 2009 8:05am
Quoting donfriday
do u need to stick to 1 bias to make profit....just sell when market say sell and buy when it says buy ...
Yups.. sort of.. but you have the system same as mine right.. I think you know what I mean, anyway.. regarding GJ seems like the bears had a pretty hard time breaking up 151.50.. Maybe we need another rally so that we can have some momentum to break the support?
  • #196,675
  • Sep 11, 2009 8:09am Sep 11, 2009 8:09am
New york update.
  • #196,676
  • Sep 11, 2009 8:15am Sep 11, 2009 8:15am
As of GU, I would recommend to short at price above 1.6710 as it has minimal drawdown. Breakout 1.6750 will invalidate this short-term top view and bring resumption to the rally.
  • #196,677
  • Sep 11, 2009 8:24am Sep 11, 2009 8:24am
Quoting AbgZuhaini
my analysis, shorty fire burning

http://www.youtube.com/watch?v=XfdQdUb-rZc
i just meet him in laos (concert in Vientiane), he put fire there like Gj today.....
Trade with the momentum
  • #196,678
  • Sep 11, 2009 8:24am Sep 11, 2009 8:24am
NY UPDATE
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  • #196,679
  • Sep 11, 2009 8:25am Sep 11, 2009 8:25am
Closed Gold positions. What a move!!!

ES making new highs too. GY not following.
  • #196,680
  • Sep 11, 2009 8:29am Sep 11, 2009 8:29am
what is going on ....is this manipulation or what
MY OPINION NOT FINANCIAL ADVISE
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