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

  • #200,841
  • Sep 30, 2009 2:27pm Sep 30, 2009 2:27pm
i sold at 1.6013 go go go, tank kaboooooooooom
  • #200,842
  • Sep 30, 2009 2:33pm Sep 30, 2009 2:33pm
It may consolidate first and pullback before the drop during asian time or before.

Good Luck




Quoting ewokuk
i sold at 1.6013 go go go, tank kaboooooooooom
[
  • #200,843
  • Sep 30, 2009 2:34pm Sep 30, 2009 2:34pm
Quoting rgitt05
The hr TL broke and PA trying to PB into the trend.

Bias is bearish anyway..

Selling all rallies


Thanks rgitt05 for ur analysis...but where do u think the Next target for GY
  • #200,844
  • Sep 30, 2009 2:35pm Sep 30, 2009 2:35pm
Quoting rgitt05
It may consolidate first and pullback before the drop during asian time or before.

Good Luck

i should hope not! i have locked in 10 pips so sl 1.6003. just incase. if i get stopped out then ill wait for tankan in just over 4 hours and switch to gj for that. was hoping for couple hundred pips to 1.58 then take half off and switch half over to gj some time tomorrow. I am NOT impressed that i missed the short from 1.6115!
  • #200,845
  • Sep 30, 2009 2:37pm Sep 30, 2009 2:37pm
It may dip to next support levels but the major PA may not happen until friday because the Non-Farm Employment Change at 8:30am.





Quoting bashir
Thanks rgitt05 for ur analysis...but where do u think the Next target for GY
[
  • #200,846
  • Sep 30, 2009 2:42pm Sep 30, 2009 2:42pm
Quoting bashir
Thanks for ur analysis...but where do u think the Next target for GY
approximately 175 area by first cpl weeks of december
"Millionaires don't use astrology, billionaires do"
  • #200,847
  • Sep 30, 2009 2:43pm Sep 30, 2009 2:43pm
Quoting OrionsWay
approximately 175 area by first cpl weeks of december
not in a million years!

if that happens i will eat my mousemat
  • #200,848
  • Sep 30, 2009 2:45pm Sep 30, 2009 2:45pm
Quoting ewokuk
not in a million years!

if that happens i will eat my mousemat

I will save this page for later purposes
"Millionaires don't use astrology, billionaires do"
  • #200,849
  • Sep 30, 2009 2:46pm Sep 30, 2009 2:46pm
What fussy charts are you using?



QUOTE=OrionsWay;3106406]approximately 175 area by first cpl weeks of december[/quote]
Attached Image
[
  • #200,850
  • Sep 30, 2009 2:51pm Sep 30, 2009 2:51pm
Quoting rgitt05
What fussy charts are you using?



QUOTE=OrionsWay;3106406]approximately 175 area by first cpl weeks of december
[/quote]


Hahaa just love that pic
"Millionaires don't use astrology, billionaires do"
  • #200,851
  • Sep 30, 2009 4:41pm Sep 30, 2009 4:41pm
Hi Piters,

I have a long position in EUR/AUD at 1.6820 and as you can see, it has gone very bad. Can you please tell me do you expect any bounce from here or should I close it? I really appreciate your help.
  • #200,852
  • Sep 30, 2009 5:32pm Sep 30, 2009 5:32pm
Quoting Fusion
Hi Piters,

I have a long position in EUR/AUD at 1.6820 and as you can see, it has gone very bad. Can you please tell me do you expect any bounce from here or should I close it? I really appreciate your help.
Here you go mate I have given you a basic view...
The Aussie seems to be going strength to strength at the momment..
This is a Broad Overview as you are short from very high...
I will do a technical one if you wish let me know

Thanks
GeppyG
Attached Image (click to enlarge)
Click to Enlarge Name: euaud.gif Size: 24 KB
Let Price determine your future!
  • #200,853
  • Sep 30, 2009 5:42pm Sep 30, 2009 5:42pm
Quoting Fusion
Hi Piters,

I have a long position in EUR/AUD at 1.6820 and as you can see, it has gone very bad. Can you please tell me do you expect any bounce from here or should I close it? I really appreciate your help.
well since u are holding 300 now makes me to believe u have som scratch to hold

buyers are coming in, it may go down some more but i dont think very much more, but who knows
maybe a good add on spot here as well

Look the 3 last 4h bar

daily blew through support TL on some prtty good juice, but buyers on the lows for 8hrs, may still have some steam but they wont want it down too far IMO for those boys who bought at the 2 4h bar lo points, perhaps an accumulation for trend reversal in operation here. neverknow though GOOD LUCK
"Millionaires don't use astrology, billionaires do"
  • #200,854
  • Sep 30, 2009 5:54pm Sep 30, 2009 5:54pm
i feel like a idiot for asking this but whats does PA and PB mean?

Quoting rgitt05
The hr TL broke and PA trying to PB into the trend.

Bias is bearish anyway..

Selling all rallies


  • #200,855
  • Sep 30, 2009 6:00pm Sep 30, 2009 6:00pm
Quoting just_ha
i feel like a idiot for asking this but whats does PA and PB mean?

it coud mean psycho analyse
but prolly price action


as for PB your guess as good as mine
"Millionaires don't use astrology, billionaires do"
  • #200,856
  • Sep 30, 2009 6:03pm Sep 30, 2009 6:03pm
PA =Price Action
PB= Pull Back




Quoting just_ha
i feel like a idiot for asking this but whats does PA and PB mean?
[
  • #200,857
  • Sep 30, 2009 6:05pm Sep 30, 2009 6:05pm
Quoting just_ha
i feel like a idiot for asking this but whats does PA and PB mean?
PA = price action
PB = pinbar aka doji candle, or pull back in some circumstances

Fusion, I'm in a similar position as you. I have only recently placed my first EURNZD longs with a small grid of tiny orders spaced between 2.03 to 2.04. as you can see, these positions are underwater atm however, i am seeing potential strength coming into these positions as every commod currency is overbought to the extreme. If it sinks further i'm considering more longs in the 2.00 region.
  • #200,858
  • Edited 6:18pm Sep 30, 2009 6:06pm | Edited 6:18pm
GU Resistance levels:

1.6257 weekly 5sma
1.6141 fib 38.2% (1.6741-1.5770)
1.6118 fib 50% (1.6466-1.5770)
1.6111 Weekly Pivot
1.6098 4hr 50ema
1.6038 fib 38.2% (1.6466-1.5770)
1.6016 Daily Pivot

1.6010 Current Price around

1.5962 daily 5sma
1.5949 1hr 100sma
1.5908 Daily S1
1.5835 Daily S2


Breaking to the upside above DP we might retest 1.6038 or even 4hr 50ema @ 1.6098

Yerstarday we complete GJ journey to weekly pivot @ 1.6111

IMO, PA is below DP and may go lower to daily S1 or even S2.
We still in bear flag formation, if breaks down we go lower to daily S1 or S2.
Attached Image
Do not follow my trades. Trade what you see on your own charts.
  • #200,859
  • Sep 30, 2009 6:10pm Sep 30, 2009 6:10pm
So far, PB was expected to test the overall hr TL..

If the TL holds than bias short term is bearish..

Still selling rallies.

Updated chart



Quoting rgitt05
The hr TL broke and PA trying to PB into the trend.

Bias is bearish anyway..

Selling all rallies


Attached Image (click to enlarge)
Click to Enlarge Name: 1hrgj.gif Size: 41 KB
[
  • #200,860
  • Sep 30, 2009 6:13pm Sep 30, 2009 6:13pm
ahh, now the chart makes sense thanks.

Quoting rgitt05
PA =Price Action
PB= Pull Back

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