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

  • #210,081
  • Dec 9, 2009 10:16pm Dec 9, 2009 10:16pm
This down moe is happening on no volume...It could be markdown...
  • #210,082
  • Dec 9, 2009 10:18pm Dec 9, 2009 10:18pm
this thing looks to be going down in a big way.
  • #210,083
  • Dec 9, 2009 10:25pm Dec 9, 2009 10:25pm
Quoting sed34
this thing looks to be going down in a big way.
Pretty big stopping volume and a big bounce and OK rejection off 142.754; not sure if it's going to down any more. UJ rejected in exact same way on M5 with lots of stopping volume.
  • #210,084
  • Dec 9, 2009 10:32pm Dec 9, 2009 10:32pm
i don't know if that's going to hold.
  • #210,085
  • Dec 9, 2009 10:34pm Dec 9, 2009 10:34pm
GBPUSD has taken out support at 1.6270

targeting 1.6234 for the next level.
  • #210,086
  • Dec 9, 2009 11:55pm Dec 9, 2009 11:55pm
Quoting quecee5
Bro UJ is consolidating right now did u buy off the low? I hope so because I did. . . watch the bounce to 90 within 24-48 hrs bro. . . Thursday's they always buy and buy hard. . . Also look for GJ to close out the week above 146.50 area. . .

Like I said yesterday and I still stand by my analysis charts are saying buy dips at the lows. . . So I'm already long GJ a small position from 142 area. . . been in and out several time 1st from 142.06 to 144 took profit all but a few soldiers. . . then on the retrace back to 142.17/19 added more longs and...
Hmm i think we are going to continue moving down cant imagine one after other sovereign downgraded and Gbpjpy Gbpusd eurusd not falling.I believe sugnificant falls are ahead.Ibelieve gold & oil will continue down too.
  • #210,087
  • Dec 10, 2009 1:46am Dec 10, 2009 1:46am
There's a significant struggle between bulls & bears, realists against optimists. UJ is struggling to get up, but isn't happening yet. I think bears will win it; we need to break below 142.496 to continue to the downside. Not seeing any VSA tests - me thinks they don't apply here. Trade cautiously & with the trend.
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  • #210,088
  • Dec 10, 2009 3:25am Dec 10, 2009 3:25am
LoL, it`s just „a paradise“ for a scalper. 150-pips range.
Attached Image
  • #210,089
  • Dec 10, 2009 3:37am Dec 10, 2009 3:37am
Anyone see an inverted H&S on one hour TF ? We seems to be at neckline and a break of 144 and she will head north
  • #210,090
  • Dec 10, 2009 3:46am Dec 10, 2009 3:46am
its more of a Three Rising Valleys or triple bottom. draw a LTL and all 3 bottoms valleys touch. Doesnt look like it wants to break above the H4 Gann.

http://thepatternsite.com/3rv.html

Quoting janela
Anyone see an inverted H&S on one hour TF ? We seems to be at neckline and a break of 144 and she will head north
  • #210,091
  • Dec 10, 2009 3:55am Dec 10, 2009 3:55am
Quoting Beljevina
There's a significant struggle between bulls & bears, realists against optimists. UJ is struggling to get up, but isn't happening yet. I think bears will win it; we need to break below 142.496 to continue to the downside. Not seeing any VSA tests - me thinks they don't apply here. Trade cautiously & with the trend.
Attachment
I wouldn't be so sure that bears will win it. Yes, there is a lot of down pressure at the moment because of trend direction. But on the other hand, we have strong support on that level + higher low. That's why we have some range now, IMO. I am holding short position from yesterday, but not sure about that

Good luck
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  • #210,092
  • Dec 10, 2009 4:05am Dec 10, 2009 4:05am
Quoting 01donatas
I wouldn't be so sure that bears will win it. Yes, there is a lot of down pressure at the moment because of trend direction. But on the other hand, we have strong support on that level + higher low. That's why we have some range now, IMO. I am holding short position from yesterday, but not sure about that Good luck
I trend the current PA, and at the time we were @ 142.6 - it quickly popped 100 pips. I don't think 139 is an option for this wave, and hopefully we're heading to 146/147.
  • #210,093
  • Edited 10:42pm Dec 10, 2009 4:05am | Edited 10:42pm
same chart .. triple bottom ..
>
  • #210,094
  • Dec 10, 2009 4:21am Dec 10, 2009 4:21am
Quoting forex3e
same chart .. triple bottom ..
>
Looks like I may have been right about the inverted H&S

http://www.forexfactory.com/showpost...stcount=210096
  • #210,095
  • Dec 10, 2009 4:25am Dec 10, 2009 4:25am
anyone use that auslanco system?Am I right in looking at this as an up move now. 1 hour/4 hour chart.I understand I should wait for next 4 hour candle to close above TFT line.But as for the 1 hour it looks like a long to me
  • #210,096
  • Dec 10, 2009 4:36am Dec 10, 2009 4:36am
Quoting Fly2
anyone use that auslanco system?Am I right in looking at this as an up move now. 1 hour/4 hour chart
Pretty much yes.
Karmo has said in the past that the safest entry would be to wait until the 1hr crosses bearish and then bullish again after the 4hr has crossed bullish.

Looks long now though. No selling volume kicking in at resistance and looks like bulls will push this through today...... UK rate/QE pending......
  • #210,097
  • Dec 10, 2009 4:42am Dec 10, 2009 4:42am
Quoting ukdaytrader
Pretty much yes.
Karmo has said in the past that the safest entry would be to wait until the 1hr crosses bearish and then bullish again after the 4hr has crossed bullish.

Looks long now though. No selling volume kicking in at resistance and looks like bulls will push this through today...... UK rate/QE pending......
Thanks UK .I figure I can go with the 1 hour sig and if it leads into the 4hr confirm all the better
  • #210,098
  • Dec 10, 2009 4:46am Dec 10, 2009 4:46am
The 30m TF looks to be supporting this move.
2 blue arrows signifying increased volume during the upmove. 3rd blue arrow shows reduced volume for the initial 'test' of resistance. Looks bullish to me.

Chart.
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  • #210,099
  • Dec 10, 2009 4:47am Dec 10, 2009 4:47am
Quoting Fly2
Thanks UK .I figure I can go with the 1 hour sig and if it leads into the 4hr confirm all the better
Exactly. If you can monitor it closely enough, the long looks reasonable.
  • #210,100
  • Dec 10, 2009 4:51am Dec 10, 2009 4:51am
Quoting ukdaytrader
Exactly. If you can monitor it closely enough, the long looks reasonable.
Good Luck and may be pips go with you
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