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

  • #203,381
  • Oct 14, 2009 3:21pm Oct 14, 2009 3:21pm
Bull for the the short term bias

Waiting for the test of the major Daily TL first than we will see where this GJ goes from there..

This year PA is SUCKS for swing trading..

I am glad I started scalping for some pips.




Quoting A-speculator
I can see you a bull now eh.. well, I see a potential weakness for pound, and this will be confirmed if GU closed and traded below 1.5900 IMHO
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  • #203,382
  • Oct 14, 2009 3:27pm Oct 14, 2009 3:27pm
Quoting mktjong
Short EU? Malcolmb, could u please confirm the volume? Thanks.

1)heavy selling at 1.4950 ...2 hrs laters this looks like profit taking

2) buyers stepped in weakness


seems that EU is destined to go higher into 1.5000 that is likely where a decent retrace may happen

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  • #203,383
  • Oct 14, 2009 3:27pm Oct 14, 2009 3:27pm
Quoting rgitt05
Bull for the the short term bias

Waiting for the test of the major Daily TL first than we will see where this GJ goes from there..

This year PA is SUCKS for swing trading..

I am glad I started scalping for some pips.

Yeah, I agree with u, swing trading sucks for GJ this year.. that is why I started to switch to a more trending pair even tho the PA is not as brutal as GJ. Currently I only trade GJ for scalp or daytrading.. if your hypothesis is right, we should have a sustainable trading session above 143.. Well, I have my SL @ breakeven and wouldn't care if it hit.. if that happen, I will be looking to long then..
  • #203,384
  • Edited 3:52pm Oct 14, 2009 3:41pm | Edited 3:52pm
Quoting malcolmb14
1)heavy selling at 1.4950 ...2 hrs laters this looks like profit taking

2) buyers stepped in weakness


seems that EU is destined to go higher into 1.5000 that is likely where a decent retrace may happen

Attachment
Thanks M. Looks like it would go even higher than 1.50
  • #203,385
  • Oct 14, 2009 6:23pm Oct 14, 2009 6:23pm
Quoting dana2802
Double bottom, Ascending or Descending?
Please can share this indicator, thanks!!
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  • #203,386
  • Oct 14, 2009 6:31pm Oct 14, 2009 6:31pm
Quoting mktjong
Thanks M. Looks like it would go even higher than 1.50
talking abt eu, Hmmm the bullishness is not over yes 1.5 is reality even more if weekly and monthly play out....the weekly was the move monthly just started..
dollar us weak like no tomorrow.lol
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MY OPINION NOT FINANCIAL ADVISE
  • #203,387
  • Oct 14, 2009 6:35pm Oct 14, 2009 6:35pm
Quoting donfriday
talking abt eu, Hmmm the bullishness is not over yes 1.5 is reality even more if weekly and monthly play out....the weekly was the move monthly just started..
dollar us weak like no tomorrow.lol
Can you explain the indicator ?

thanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #203,388
  • Oct 14, 2009 6:39pm Oct 14, 2009 6:39pm
We still haven't make any new lows in 1hr since the massive pullback yesterday.. but we have higher high.. Considering this, I think we will have a sustainable trading session above 143 and will be heading up.
  • #203,389
  • Oct 14, 2009 6:44pm Oct 14, 2009 6:44pm
patience and patience....i've been posting this daily not sure if u get it or not ok....we made higher high pull back at 144.40 possible but we still need a candle to close in between this setup before gj will drop..no RH no drop ..from 146 anything can happen or what so ever but we need a brkout bar before continuation that mean todays candle should be in a position to hit 144 if my view is not wrong...no news just technical.
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MY OPINION NOT FINANCIAL ADVISE
  • #203,390
  • Oct 14, 2009 6:46pm Oct 14, 2009 6:46pm
Quoting A-speculator
We still haven't make any new lows in 1hr since the massive pullback yesterday.. but we have higher high.. Considering this, I think we will have a sustainable trading session above 143 and will be heading up.
I think 143,2 area is still a strong resistance.
Unless USD gets some strength to pull U/J up will be really hard trading above 143
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #203,391
  • Oct 14, 2009 6:49pm Oct 14, 2009 6:49pm
Quoting DMA Trader
Can you explain the indicator ?

thanks
the indi is not important when u dont know the law of the pattern....if u no what i mean...indi us for counting but the pattern should be used if not indi is uselesss...

Quoting A-speculator
We still haven't make any new lows in 1hr since the massive pullback yesterday.. but we have higher high.. Considering this, I think we will have a sustainable trading session above 143 and will be heading up.
just chil and see 144 today no doubt no story no news...not on straight line and few hundred pips dont make kaboom ....i dont read those news, they just play mind ...
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #203,392
  • Oct 14, 2009 6:50pm Oct 14, 2009 6:50pm
Quoting A-speculator
We still haven't make any new lows in 1hr since the massive pullback yesterday.. but we have higher high.. Considering this, I think we will have a sustainable trading session above 143 and will be heading up.
now they got you where they want you and will take it to 140...lol
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  • #203,393
  • Oct 14, 2009 6:54pm Oct 14, 2009 6:54pm
Quoting malcolmb14
now they got you where they want you and will take it to 140...lol
140 at this point is like a drunking master i will not believe it if gj go 140 before hitting 146-148..
MY OPINION NOT FINANCIAL ADVISE
  • #203,394
  • Oct 14, 2009 6:57pm Oct 14, 2009 6:57pm
Quoting malcolmb14
now they got you where they want you and will take it to 140...lol
LOL.. I don't think so.. UJ does look very bullish.. I am waiting for GU to break 1.6 and then the pullback, I will enter long after the breakout. Currently, I long AU, short GBPCAD and long UJ (all dips being bought in 4h). Not yet for GJ or GU.. GJ - I'm waiting for pullback after the breakout momentum at around 143 area..
  • #203,395
  • Oct 14, 2009 7:01pm Oct 14, 2009 7:01pm
Quoting DMA Trader
Can you explain the indicator ?

thanks
i got u wrong on the fist read....the indi u saw on weekly is Law of charts..

no story when price go above point 2 ...
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MY OPINION NOT FINANCIAL ADVISE
  • #203,396
  • Oct 14, 2009 7:08pm Oct 14, 2009 7:08pm
RG when we get to 146-148 i will be ur first person to alert u kaboom..
those news confuse more than u can ever imagine..
ask why price went to my 142.20-15 ...that is TTE for new momentum....
Lolz
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MY OPINION NOT FINANCIAL ADVISE
  • #203,397
  • Oct 14, 2009 7:11pm Oct 14, 2009 7:11pm
Quoting donfriday
i got u wrong on the fist read....the indi u saw on weekly is Law of charts..

no story when price go above point 2 ...
thanks.
what's the RH ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #203,398
  • Oct 14, 2009 7:12pm Oct 14, 2009 7:12pm
Quoting malcolmb14
It does ... I noticed that also ..it is not primary , although on 60 min i verify targets using fib expansions

vsa is my main thing and on that shake out earlier to 142.25 i saw kaboom come out once more ..and calls of 140 . We are rangign and I am day trading ... last 2 days 200 pip per day can be obtained , I am happy with only 50 of that

all that happened is buyers stepped in .... nice spot to open new long , hopefully we will see test days highs in asia

looking at my updated 4 hr that i posted yesterday we can see the upper...
what a lovely ranging market .... great for day trading
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  • #203,399
  • Oct 14, 2009 7:13pm Oct 14, 2009 7:13pm
Crude Oil on December is 76,27 now
That's insane.
It will really help the recovery.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #203,400
  • Oct 14, 2009 7:16pm Oct 14, 2009 7:16pm
Quoting DMA Trader
thanks.
what's the RH ?

RH-RossHook. meaning resistance or support ..it can be form any where even before ur target or after ur target that is why why price sometime tick above or below our setup...we cant give a full price of the turning point but we predict what our price will be so u will often notice sometime u set pending order and price will revers before it or even go below..after the brkout the next candle that refuse to make a new high or low then the previous will be RH if we go above it on the third bar that is Brkout bar..
naked chart but make sense..
trend is your friend
MY OPINION NOT FINANCIAL ADVISE
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