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

  • #209,441
  • Edited 4:20pm Dec 2, 2009 3:55pm | Edited 4:20pm
Here is what I see. . .

If you look at the 4hr gj chart you can clearly see an ABC correction off the low @ 139.xx. . . We have currently met the upside correction of the FE 100 almost to the pip in 3 waves. If the up move is to continue it will have to be done in 5 waves.

Therfore; if we are to head up further I would think that gj would check support off 143.89 area 1st before headed up to not 146.20 but 148.20/50 area. . . That would all be done in 5 waves. . .

So a close above 145.65/70 area will see 148 area. . . A break below 143.89 area will test 140 before breaking dn to my eventual target 135-130 area. . .

GU will lead the way looking at it daily chart. . .
  • #209,442
  • Dec 2, 2009 4:04pm Dec 2, 2009 4:04pm
Quoting quecee5
Here is what I see. . .

If you look at the 4hr gj chart you can clearly see an ABC correction off the low @ 139.xx. . . We have currently met the upside correction of the FE 100 almost to the pip in 3 waves. If the up move is to continue it will have to be done in 5 waves.

Therfore; if we are to head up further I would think that gj would check support off 143.89 area 1st before headed up to not 146.20 but 148.20/50 area. . . That would all be done in 5 waves. . .

So a close above 145.65/70 area will see 148 area. . . A break below...

Nice analysis bro....i love it but my chart still give a clue of 146-148 ...
MY OPINION NOT FINANCIAL ADVISE
  • #209,443
  • Dec 2, 2009 4:26pm Dec 2, 2009 4:26pm
Quoting donfriday
Nice analysis bro....i love it but my chart still give a clue of 146-148 ...
Good job. . .

If 146.20/50 was going to be resistance it would have tried it today. . .
Ask yourself why did it stop at exactly 145.70 and not try for 146.20/50 area. . .

Then look to the higher TF and you will find your answer (clue cluster resistance). . .

If we get a close above 145.65/75 area 146.20 won't stop this pair until it gets to 148.20/50. . . JMHO. . .

Good luck. . .
  • #209,444
  • Dec 2, 2009 4:45pm Dec 2, 2009 4:45pm
Quoting quecee5
Good job. . .

If 146.20/50 was going to be resistance it would have tried it today. . .
Ask yourself why did it stop at exactly 145.70 and not try for 146.20/50 area. . .

Then look to the higher TF and you will find your answer (clue cluster resistance). . .

If we get a close above 145.65/75 area 146.20 won't stop this pair until it gets to 148.20/50. . . JMHO. . .

Good luck. . .


yes bro, i have similar view i just want to see how 146.20-25 will play out then 147-148.20...if you dont mind explain why it stop?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 12-2-2009 10-21-10 PM.png Size: 23 KB
MY OPINION NOT FINANCIAL ADVISE
  • #209,445
  • Dec 2, 2009 4:46pm Dec 2, 2009 4:46pm
What's happening gang? I'm looking to sell geppy around the 146 level.
"Don't trade to trade . . . trade to win." - James16
  • #209,446
  • Dec 2, 2009 4:54pm Dec 2, 2009 4:54pm
Hmmmm 146-20-25 here i come..
MY OPINION NOT FINANCIAL ADVISE
  • #209,447
  • Dec 2, 2009 4:55pm Dec 2, 2009 4:55pm
the players are only going to rise till NFP, no ther choice, and most traders will be on sideline till then, then if numbers good, big players and traders will rise it more with the risk appetite, otherwise if the expected data occurs at NFP, ie. more 'bad' data, and then risk aversion will reverse the pair, but still it wont get too much follow on from big players this time of year, and also why players are rising and squeezing short sellers now.
  • #209,448
  • Dec 2, 2009 5:03pm Dec 2, 2009 5:03pm
Quoting malcolmb14
They are playing us big time
they are but they always do.............just money making is what it is
  • #209,449
  • Dec 2, 2009 5:18pm Dec 2, 2009 5:18pm
Quoting Flem26
What's happening gang? I'm looking to sell geppy around the 146 level.
it's not right time to go south now; Q, Malc, Karmo as well as the others suggested to be patient till geppy will make her way more clear;
I admit that current PA is not regular and 148-150 area become now more reasonable than few days ago;
also EU did not say "SELL" ,so we must wait till market will accomplish what started
strong resistance at 148.9 and once broken the way to north is obvious
  • #209,450
  • Dec 2, 2009 5:42pm Dec 2, 2009 5:42pm
Quoting Flem26
What's happening gang? I'm looking to sell geppy around the 146 level.
looks like it might not make it there . . .
"Don't trade to trade . . . trade to win." - James16
  • #209,451
  • Dec 2, 2009 6:06pm Dec 2, 2009 6:06pm
Game over for the bears ..............
Let Price determine your future!
  • #209,452
  • Dec 2, 2009 6:28pm Dec 2, 2009 6:28pm
We are at the top of the wide range daily inside bar
  • #209,453
  • Dec 2, 2009 6:44pm Dec 2, 2009 6:44pm
Finaly we see 600 pips bounce from 139.22.

Technically GJ already break major resistance at 145.40 and now become major support. How long it can hold? Need to see London open..what they will do with it.

Good Luck
  • #209,454
  • Dec 2, 2009 7:11pm Dec 2, 2009 7:11pm
Time for a quick short. Many of you have pointed out there's a lot of resistance here at 146.20 on the daily chart. I see there's a high probability of a retrace to DP. Short at 146.10. Target 145. SL 146.80.
  • #209,455
  • Dec 2, 2009 7:12pm Dec 2, 2009 7:12pm
and here is what i see, based on tick profiles.

let's look at last week's tick profile. there are 2 important levels, as shown by the histogram: 146.56 and 141.61. however, if 146.50 is broken, 148.20/149.30 is next.

time will tell.

Quoting quecee5
Here is what I see. . .

If you look at the 4hr gj chart you can clearly see an ABC correction off the low @ 139.xx. . . We have currently met the upside correction of the FE 100 almost to the pip in 3 waves. If the up move is to continue it will have to be done in 5 waves.

Therfore; if we are to head up further I would think that gj would check support off 143.89 area 1st before headed up to not 146.20 but 148.20/50 area. . . That would all be done in 5 waves. . .

So a close above 145.65/70 area will see 148 area. . . A break below...
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_h4.gif Size: 36 KB
Nihil Sine Deo.
  • #209,456
  • Dec 2, 2009 7:17pm Dec 2, 2009 7:17pm
Quoting Scrat
and here is what i see, based on tick profiles.

let's look at last week's tick profile. there are 2 important levels, as shown by the histogram: 146.56 and 141.61. however, if 146.50 is broken, 148.20/149.30 is next.

time will tell.
exactly the same levels, I posted some "boring charts 14h ago"..
http://www.forexfactory.com/showpost...stcount=209427

but I agree, I have the same levels at my side..

FE100=146.20
FE161 =149.34


[Chart]

http://www.forexfactory.com/attachme...1&d=1259752663
  • #209,457
  • Edited 9:39pm Dec 2, 2009 8:34pm | Edited 9:39pm
Quoting Geppyg
Game over for the bears ..............

From my perspective if the market sentiment continues in this direction, I see no reason why we wouldn't retest the neckline in the 150.5 area.

This TL has been the major support and resistance since September 2008.
The Daily 200EMA is moving into range of this line now.

If the line of continuation we're testing now from last summer's double top formation at 146.5 gives way, the next major resistance is the TL in the 148.2 area,then the neckline. We could drop from any of these three points.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy big1.gif Size: 20 KB
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  • #209,458
  • Dec 2, 2009 8:40pm Dec 2, 2009 8:40pm
Be careful Pipsqueak, this may continue higher I am afraid.

Quoting Pipsqueak
Time for a quick short. Many of you have pointed out there's a lot of resistance here at 146.20 on the daily chart. I see there's a high probability of a retrace to DP. Short at 146.10. Target 145. SL 146.80.
  • #209,459
  • Dec 2, 2009 9:00pm Dec 2, 2009 9:00pm
Quoting Fudomyo
From my perspective if the market sentiment continues in this direction, I see no reason why we wouldn't retest the neckline in the 150.5 area.

This TL has been the major support and resistance since September 2008.
The Daily 200EMA is moving into range of this line now.

If the line of continuation we're testing now from last summer's double top formation at 146.5 gives way, the next major resistance is the TL in the 148.2 area.
make a test..

send one chart directly without any editing.. and
send the same one edited in Microsoft picture editor... then you'll see where is the error..

some of those 2 softwares are using different colour profile..

- If your MT4 is making that, then nothing much you can do.. [probably a solution is to use some software as snagit (snagit.com) and snapshot the whole screen]
- If Microsoft picture editor is the problem, then just find some one better...

cheers!

P
  • #209,460
  • Dec 2, 2009 9:06pm Dec 2, 2009 9:06pm
and here we are - 146.60. i didn't think we would get here that fast...

break above 146.60? say hello to 148.20 / 149.34.
bounce? well this is gonna be more complicated, i see 2 support areas for now - 143.98 and 142.58.

Quoting Piters
exactly the same levels, I posted some "boring charts 14h ago"..
http://www.forexfactory.com/showpost...stcount=209427

but I agree, I have the same levels at my side..

FE100=146.20
FE161 =149.34


Nihil Sine Deo.
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