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

  • #207,341
  • Nov 10, 2009 6:54am Nov 10, 2009 6:54am
gu1h
gu30m
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  • #207,342
  • Nov 10, 2009 7:04am Nov 10, 2009 7:04am
The reasons for my assumption is because I saw a reversal pattern in the GCAD. From my view, normally GCAD will show the direction of GU. GU might not move directly or straight forward as GCAD but in the end of the day, GU will follow where GCAD goes. I think GCAD will test at least its last breakout point which was 1.7485 and we can see several bear flag in GCAD1hr. Furthermore, there was a significant amount of down move for GCAD yesterday. Other than that, in GU 1hr, we seems to have breakout of triangle and retest of the breakout point.
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  • #207,343
  • Nov 10, 2009 7:09am Nov 10, 2009 7:09am
Quoting ukdaytrader
You do realise the irony here I assume.? lol
lol no irony ukdaytrader bro, just i hae say that yesterday but guys dont look it and doesnt say anything about my post
High risk High return!
  • #207,344
  • Nov 10, 2009 7:19am Nov 10, 2009 7:19am
my assumption for a DT hold true for EJ & UJ as well. However, UJ needs to clear 89.70 for confirmation of the move. I think EU & AU will also due to have some sort of retracement.
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  • #207,345
  • Nov 10, 2009 7:59am Nov 10, 2009 7:59am
Quoting simao
lol no irony ukdaytrader bro, just i hae say that yesterday but guys dont look it and doesnt say anything about my post

consider yourself lucky the pros wanted to do a shake out in low volume conditions

in reality you were just lucky....buying had been all day

I picked up gj and gu at 149.20 and 1.6615 on the shake out ... way to easy
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  • #207,346
  • Nov 10, 2009 8:07am Nov 10, 2009 8:07am
Malcomb- you think EURJPY set to head up based on the break of 135.15-
I think it moves with GBPJPY doesn't it?
  • #207,347
  • Nov 10, 2009 8:09am Nov 10, 2009 8:09am
Quoting malcolmb14
consider yourself lucky the pros wanted to do a shake out in low volume conditions

in reality you were just lucky....buying had been all day

I picked up gj and gu at 149.20 and 1.6615 on the shake out ... way to easy
LOL. mate..

You cannot ignore today's 2 swings .. one 170p and second one 120p..
Hit sellers 2 times of the 150.70 pivot..

the moment we close daily below 149.30 , we are entering in sub South levels...

cheers.. !
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  • #207,348
  • Nov 10, 2009 8:13am Nov 10, 2009 8:13am
Quoting bidie
Malcomb- you think EURJPY set to head up based on the break of 135.15-
I think it moves with GBPJPY doesn't it?
it doesn't break.. look at your 4hr.. I think we are going down.. no more long for me..
  • #207,349
  • Nov 10, 2009 8:20am Nov 10, 2009 8:20am
Quoting Piters
LOL. mate..

You cannot ignore today's 2 swings .. one 170p and second one 120p..
Hit sellers 2 times of the 150.70 pivot..

the moment we close daily below 149.30 , we are entering in sub South levels...

cheers.. !
maybe but this volume is all accumulation on range lows

means only one thing at the moment .....

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  • #207,350
  • Nov 10, 2009 8:24am Nov 10, 2009 8:24am
it looks like ES being bought heavily off 1086, 3 times today. i dont trust the gj up move but if ES is being bought then gj probably go back up too. have to see what it does in 10 mins
  • #207,351
  • Nov 10, 2009 8:26am Nov 10, 2009 8:26am
Quoting A-speculator
it doesn't break.. look at your 4hr.. I think we are going down.. no more long for me..

On the 4 hour cycle price can get as low as about 134. to become the 3rd touch of the bottom trend line- then methinks it heads up- way up-
hope so anyways-


I have a digital filter that shows the cycles and when the 1 hr and 4 hr are both heading down- look out-

30 min has turned already though-
Other set to follow eventually
  • #207,352
  • Nov 10, 2009 8:28am Nov 10, 2009 8:28am
Quoting ewokuk
it looks like ES being bought heavily off 1086, 3 times today. i dont trust the gj up move but if ES is being bought then gj probably go back up too. have to see what it does in 10 mins
What is ES excuse my ignorance-
  • #207,353
  • Nov 10, 2009 8:29am Nov 10, 2009 8:29am
this could be all accumulation just under 150

really no sign of solid selling yet

ES has support 1086.5 and is getting bought on every dip to this level

dx right on 75 ...es breaks out to new high for year today dx will drop thru support ... could be 1.6850 gu

pretty nice range gu 70 pip , because it has been in an uptrend since the shake out in Asia i will favour buy dips on that for now till 1.6650 breaks , last buy was off this level for test that high volume pivot level 1.6713

I cannot believe that ES will have another strong up day today ... but anything can happen at any time

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  • #207,354
  • Nov 10, 2009 8:31am Nov 10, 2009 8:31am
Quoting bidie
What is ES excuse my ignorance-
s&p500
  • #207,355
  • Nov 10, 2009 8:32am Nov 10, 2009 8:32am
Quoting malcolmb14
maybe but this volume is all accumulation on range lows

means only one thing at the moment .....

Attachment

yep,

have a look the South Map... my Support levels

[Chart]
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  • #207,356
  • Nov 10, 2009 8:32am Nov 10, 2009 8:32am
The question I have is why the huge gap up overnight?
What is the logic behind that superfast move?
  • #207,357
  • Nov 10, 2009 8:34am Nov 10, 2009 8:34am
Quoting malcolmb14
maybe but this volume is all accumulation on range lows

means only one thing at the moment .....

Attachment
I think malc.. my 4hr resistance is @ 151.50, 150.8, 150.20 & 149.40.

My interpretation of the 4hr candles is that: we managed to briefly stayed above 150.80, but somehow we break down towards 150.20. After that, we are unable to break above the 150.80 and move down to 149.40.

Furthermore, I seen acceleration & momentum in daily back to the DT zone.. I'm not convinced we will break to the upside and confirmation of this analysis is sustainable trading session below 149.40. I think we gonna retest back low 148 area.

As I am trading GCAD, yesterday I have wonderful significant DT in a day.. Usually this will bring down GU maybe in a day or two.. Well, I don't know for sure but what I do know that yesterday GCAD movement has invalidated the uptrend TA.. same goes with UCAD..
  • #207,358
  • Nov 10, 2009 8:35am Nov 10, 2009 8:35am
damn ES is off to a flyer??
  • #207,359
  • Nov 10, 2009 8:37am Nov 10, 2009 8:37am
Quoting ewokuk
s&p500
Right- thx googled it-
  • #207,360
  • Nov 10, 2009 8:43am Nov 10, 2009 8:43am
nice thought pattern

I close both gj and gu longs for now

having a go at es off that 1087.50 support for test 1094 , once that happens am out for day

market internals look weak with money flow into the market neutral for now

Quoting A-speculator
I think malc.. my 4hr resistance is @ 151.50, 150.8, 150.20 & 149.40.

My interpretation of the 4hr candles is that: we managed to briefly stayed above 150.80, but somehow we break down towards 150.20. After that, we are unable to break above the 150.80 and move down to 149.40.

Furthermore, I seen acceleration & momentum in daily back to the DT zone.. I'm not convinced we will break to the upside and confirmation of this analysis is sustainable trading session below 149.40. I think we gonna retest back low 148 area.

As I am trading GCAD, yesterday...
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