1.4515 shuold put a floor on this current reversal for now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #210,062
- Dec 9, 2009 4:45pm Dec 9, 2009 4:45pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #210,064
- Dec 9, 2009 5:22pm Dec 9, 2009 5:22pm
gbp/jpy got bounced from142.20 twice today
eur/jpy did same from 127.80 level
and
gbp/usd from 1.6180
i know they have to brake a neck line....
p.s. unless they are going to range of 100 pips avarage
eur/jpy did same from 127.80 level
and
gbp/usd from 1.6180
i know they have to brake a neck line....
p.s. unless they are going to range of 100 pips avarage
- #210,065
- Dec 9, 2009 5:42pm Dec 9, 2009 5:42pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
anyway, my short last night was busted with nothing to make, actually i made a couple of pips lol....
and my other try at daily 50ema doesn't look too good, -90 pips so far... ewwwwww
i'll let it run for a bit, with an sl of 150 pips.
good luck everyone, i'm going back to work!
my SL was never hit, and boy are pips just great
hope all of u guys were short on that nice setup
i took another third of profits at 400 pips and set the rest with a SL of +200. ultimate target for this trade will be the other week's low, that's a nice 800 pips if we reach there.
4h is building a bullish HD and i think we might visit 4h 50ema soon. i'll add another short there if we get there. this setup is very similar to the bullish HD i mentioned on the daily chart last week only we have a higher low so far on 4h, daily was a double button with bullish HD.
good luck all. will post some more if i get nice setups.
- #210,066
- Dec 9, 2009 5:53pm Dec 9, 2009 5:53pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
not ewwwww anymore, sorry didn't post this week due to "stuff"..
my SL was never hit, and boy are pips just great
hope all of u guys were short on that nice setup
i took another third of profits at 400 pips and set the rest with a SL of +200. ultimate target for this trade will be the other week's low, that's a nice 800 pips if we reach there.
4h is building a bullish HD and i think we might visit 4h 50ema soon. i'll add another short there if we get there. this setup is very similar to the bullish HD i mentioned on the daily chart last...
breaking that CCI TL would render a breakout downwards, but i doubt it would happen before a retracement since 4h is pretty much oversold now.
i believe UJ will continue going up for a bit this week, but Cable should be near a breakout downwards later on this week or first thing next week.
later (next post) i'll update u guys on what i think about oil and gold...
4h chart: (GJ)
- #210,067
- Dec 9, 2009 6:14pm Dec 9, 2009 6:14pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
i know this is a GJ thread, but bare with me.
Oil has clearly established a top for the major retracement of the massive bear of last year. PA around the 80$ region is clearly a top (yellow region)
CCI has established a bearish CD around that area too, and the 100 line was broken downwards and a price TL was broken as well for price to make a nice move down to weekly 50ema which was pretty close actually so i'm guessing (according to my system) that the target would be monthly gann which coincides with 50-61.8 fibo (blue area) in the next week or 2, that's around 51 and 58$ a barrel.
this setup on weekly is also very similar to that on GJ's 4h chart, and the monthly on oil similar to daily on GJ.
making comparisons is also a very important thing when you trade! but am i wrong sometimes? OF COURSE!
chart (weekly oil)
Oil has clearly established a top for the major retracement of the massive bear of last year. PA around the 80$ region is clearly a top (yellow region)
CCI has established a bearish CD around that area too, and the 100 line was broken downwards and a price TL was broken as well for price to make a nice move down to weekly 50ema which was pretty close actually so i'm guessing (according to my system) that the target would be monthly gann which coincides with 50-61.8 fibo (blue area) in the next week or 2, that's around 51 and 58$ a barrel.
this setup on weekly is also very similar to that on GJ's 4h chart, and the monthly on oil similar to daily on GJ.
making comparisons is also a very important thing when you trade! but am i wrong sometimes? OF COURSE!
chart (weekly oil)
- #210,068
- Dec 9, 2009 6:21pm Dec 9, 2009 6:21pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
i have mentioned before that Gold's daily/weekly/monthly PA are VERY similar to that of oil last year in summer.
i also did mention that we are reaching the climax of the bullish frenzy on the daily and weekly charts.
last week's and this week's candles clearly suggest a top at a good level of FE 100 on the weekly chart. we only need a breakout a TL on the weekly chart for this to go down MORE, and i mean WAY MORE.
as of now, however, the daily chart has built a VERY strong bullish HD that means price might retest some levels up, but that only makes it more evident how similar it is to oil's PA around the 140 - 150$ mark.
here are daily and weekly charts. the charts speak for themselves. but even though, the might look different in the next week or so if my predictions aren't correct. again, i truly believe we are establishing a long term TOP for gold.
chats (weekly first)
i also did mention that we are reaching the climax of the bullish frenzy on the daily and weekly charts.
last week's and this week's candles clearly suggest a top at a good level of FE 100 on the weekly chart. we only need a breakout a TL on the weekly chart for this to go down MORE, and i mean WAY MORE.
as of now, however, the daily chart has built a VERY strong bullish HD that means price might retest some levels up, but that only makes it more evident how similar it is to oil's PA around the 140 - 150$ mark.
here are daily and weekly charts. the charts speak for themselves. but even though, the might look different in the next week or so if my predictions aren't correct. again, i truly believe we are establishing a long term TOP for gold.
chats (weekly first)
Thanks Lilmoe...my 4hr 50ema is around 145.13
not ewwwww anymore, sorry didn't post this week due to "stuff"..
my SL was never hit, and boy are pips just great
hope all of u guys were short on that nice setup
i took another third of profits at 400 pips and set the rest with a SL of +200. ultimate target for this trade will be the other week's low, that's a nice 800 pips if we reach there.
4h is building a bullish HD and i think we might visit 4h 50ema soon. i'll add another short there if we get there. this setup is very similar to the bullish HD i mentioned on the daily chart...
- #210,070
- Dec 9, 2009 6:27pm Dec 9, 2009 6:27pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
forgot 4h chart. CCI30 clearly hit a lower TL with a bullish HD on MACD. "That" should trigger the retracement to 4h 50ema...
breaking that CCI TL would render a breakout downwards, but i doubt it would happen before a retracement since 4h is pretty much oversold now.
i believe UJ will continue going up for a bit this week, but Cable should be near a breakout downwards later on this week or first thing next week.
later (next post) i'll update u guys on what i think about oil and gold...
4h chart: (GJ)
Attachment
btw: here's another interesting price TL holding price that coincides with CCI's TL.
the retracement should be triggered when CCI breaks the -100 line up and price closes above gann. again, target should be around 50ema and i'm adding more shorts there (depending on the situation of course).
btw: here's another interesting price TL holding price that coincides with CCI's TL.
the retracement should be triggered when CCI breaks the -100 line up and price closes above gann. again, target should be around 50ema and i'm adding more shorts there (depending on the situation of course).
Attachment
It happened that I was long on a break of 15min 50ema and positioning above 1hr Gann with the targets of 144,7 for the 38,2 retracement. I guess the 4hr ema will be somewhere there once it gets there. Prolly will happen during London
- #210,072
- Dec 9, 2009 6:46pm Dec 9, 2009 6:46pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #210,073
- Dec 9, 2009 6:50pm Dec 9, 2009 6:50pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Nice call Mr.Moe!
It happened that I was long on a break of 15min 50ema and positioning above 1hr Gann with the targets of 144,7 for the 38,2 retracement. I guess the 4hr ema will be somewhere there once it gets there. Prolly will happen during London
btw, one more last thing. 4h 50ema coincides with daily 5sma and moms are pointing up (auslanco's system). i like it when things line up together, but still, we DID see things screwing up on us
trade carefully! and good night
- #210,074
- Dec 9, 2009 6:51pm Dec 9, 2009 6:51pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
nice trade big guy
btw, one more last thing. 4h 50ema coincides with daily 5sma and moms are pointing up (auslanco's system). i like it when things line up together, but still, we DID see things screwing up on us
trade carefully! and good night
Time will tell.
- #210,076
- Dec 9, 2009 7:40pm Dec 9, 2009 7:40pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
nice trade big guy
btw, one more last thing. 4h 50ema coincides with daily 5sma and moms are pointing up (auslanco's system). i like it when things line up together, but still, we DID see things screwing up on us
trade carefully! and good night
Upper levels and resitance are the UTL at 148-ish, which taking that, we are going up to test 153.50 [our old friend]
cheers!
- #210,077
- Dec 9, 2009 7:43pm Dec 9, 2009 7:43pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Yo Q..
hope you can find where to spend all those pips, bro ??
[brb for NY]
hope you can find where to spend all those pips, bro ??
[brb for NY]
- #210,079
- Dec 9, 2009 8:44pm Dec 9, 2009 8:44pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
No more short for me and i am ready to see 155..IMO
Let see if we get there 1 step at a time..
MY OPINION NOT FINANCIAL ADVISE