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

  • #205,941
  • Oct 28, 2009 12:36am Oct 28, 2009 12:36am
I think we've seen stopping vollume just above 148.9 and at least 1 low volume VSA test that looks somewhat enthusiastic. (Although that 2nd last bottom wick looks a little uncomfortable for me) I'll carefully expect it to retrace up to 149.4/149.6, maybe higher, or until London comes online. Expect whipsawing then, and then ... who the heck knows. A test of 150 would be nice too.
Attached Image (click to enlarge)
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  • #205,942
  • Oct 28, 2009 12:45am Oct 28, 2009 12:45am
Quoting sinner-
Yea right, yen strength my arse, pretty much all the movement since China open was on extremely low volume.

You call it "strength" I call it "drifting".
Yeah, yeah.. well from technical point of view, this thing is going down as soon as we cleared 149 and GU breakout from its current range/bear flag in 4hr..

Daily has seen momentum to the downside with acceleration along with it, so let's wait for the down move..
  • #205,943
  • Oct 28, 2009 12:55am Oct 28, 2009 12:55am
Just FYI, there's significant weakness for the gbp, aud & nzd today..
  • #205,944
  • Oct 28, 2009 12:57am Oct 28, 2009 12:57am
Quoting A-speculator
Yeah, yeah.. well from technical point of view, this thing is going down as soon as we cleared 149 and GU breakout from its current range/bear flag in 4hr..

Daily has seen momentum to the downside with acceleration along with it, so let's wait for the down move..
Good MAE bro good pips?

You can wait, I got my pips, in 4 minutes I go home and play with the dog.
  • #205,945
  • Oct 28, 2009 1:16am Oct 28, 2009 1:16am
Hey A-spec, I've also notice the bear flag in GU, do you think its going to retrace to the flag's UTL before breaking down?

Quoting A-speculator
Yeah, yeah.. well from technical point of view, this thing is going down as soon as we cleared 149 and GU breakout from its current range/bear flag in 4hr..

Daily has seen momentum to the downside with acceleration along with it, so let's wait for the down move..
  • #205,946
  • Oct 28, 2009 1:31am Oct 28, 2009 1:31am
Quoting just_ha
Hey A-spec, I've also notice the bear flag in GU, do you think its going to retrace to the flag's UTL before breaking down?
can't help you with that bro.. if u want to enter short, just wait for the breakout man..
  • #205,947
  • Oct 28, 2009 1:33am Oct 28, 2009 1:33am
Quoting sinner-
Good MAE bro good pips?

You can wait, I got my pips, in 4 minutes I go home and play with the dog.
good job bro..
  • #205,948
  • Oct 28, 2009 1:39am Oct 28, 2009 1:39am
This is the price as how I see it. You can see where we are atm and why the price stalled coz we are testing a support, once it clears I think we gonna resume the DT..
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  • #205,949
  • Oct 28, 2009 1:56am Oct 28, 2009 1:56am
Quoting A-speculator
This is the price as how I see it. You can see where we are atm and why the price stalled coz we are testing a support, once it clears I think we gonna resume the DT..
Bro, we are going up now. Short at your own risk.
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  • #205,950
  • Oct 28, 2009 2:02am Oct 28, 2009 2:02am
Just in case you think G/J won't join the party
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  • #205,951
  • Oct 28, 2009 2:11am Oct 28, 2009 2:11am
Quoting sinner-
Just in case you think G/J won't join the party
I think that is just a retest of the broken channel for GJ (the blue channel in 1hr), mid-term is still DT, unless you want to scalp, that is a different story. Anyway, for safe short GU is after a confirmed breakout.
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  • #205,952
  • Oct 28, 2009 3:07am Oct 28, 2009 3:07am
Quoting Beljevina
I think we've seen stopping vollume just above 148.9 and at least 1 low volume VSA test that looks somewhat enthusiastic. (Although that 2nd last bottom wick looks a little uncomfortable for me) I'll carefully expect it to retrace up to 149.4/149.6, maybe higher, or until London comes online. Expect whipsawing then, and then ... who the heck knows. A test of 150 would be nice too.
Took some profit @ 149.6, but we're not likely to go up any longer. FTSE set to open lower, and my expected pattern was broken, nor do I expect the pictured Butterfly Bearish to hold. Looked like buying going on, but what the hell do I know about VSA.
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  • #205,953
  • Oct 28, 2009 3:47am Oct 28, 2009 3:47am
What do you mean by gu is after a confirmed breakout? after GJ breaks out, GU will follow?

thanks
Quoting A-speculator
I think that is just a retest of the broken channel for GJ (the blue channel in 1hr), mid-term is still DT, unless you want to scalp, that is a different story. Anyway, for safe short GU is after a confirmed breakout.
  • #205,954
  • Oct 28, 2009 4:04am Oct 28, 2009 4:04am
Quoting Beljevina
Took some profit @ 149.6, but we're not likely to go up any longer. FTSE set to open lower, and my expected pattern was broken, nor do I expect the pictured Butterfly Bearish to hold. Looked like buying going on, but what the hell do I know about VSA.
Attachment
OK, so it would appear that the full hour of hovering @ the slim region of 149.05-149.25 was one of the big boys loading up to take her north? That PA at least in the old days would have been exactly that. Except, I don't see exceptional volume, so it could be a bull trap; even testing 149.67 will be a challenge. I do see larger volumes on GU, and thus GY is moving in sympathy. Trade your charts, step/pace out your TPs.
  • #205,955
  • Oct 28, 2009 4:28am Oct 28, 2009 4:28am
Quoting just_ha
What do you mean by gu is after a confirmed breakout? after GJ breaks out, GU will follow?

thanks
Depending of what TF you are using, I'm using 1hr/4hr as a confirmation breakout. I guess the rest is already showed by the price action now..
  • #205,956
  • Oct 28, 2009 4:40am Oct 28, 2009 4:40am
I took a long position at 148.50, because it's not the right time (determining on PA) to go down. It's MHO
  • #205,957
  • Oct 28, 2009 4:44am Oct 28, 2009 4:44am
Quoting 01donatas
I took a long position at 148.50, because it's not the right time (determining on PA) to go down. It's MHO
If you know what you are doing.. it's ok to take the trade.. just take extra precautions cause from my point of view, you are fighting the trend..

Best of Luck bro...
  • #205,958
  • Oct 28, 2009 4:54am Oct 28, 2009 4:54am
southbound.
let see how long it will last....
audjpy is my fav at the moment.

http://img408.imageshack.us/img408/1050/downh4.gif
http://img109.imageshack.us/img109/3...djpydownh4.gif
http://img109.imageshack.us/img109/316/eurjpydownh4.gif
  • #205,959
  • Oct 28, 2009 5:08am Oct 28, 2009 5:08am
Quoting A-speculator
If you know what you are doing.. it's ok to take the trade.. just take extra precautions cause from my point of view, you are fighting the trend..

Best of Luck bro...
right, be carefull...
  • #205,960
  • Oct 28, 2009 5:28am Oct 28, 2009 5:28am
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