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

  • #210,441
  • Dec 17, 2009 2:38pm Dec 17, 2009 2:38pm
Quoting 45Condor
Took a short last night at 1.6339, have already locked in daily pips, and now enjoying a free trade.

Attached graph is my expectations for this retrace from today's move; sorry about the traffic on it, as I like to normally have a cleaner presentation, but thought the fibs around the 1.62 region represent a strong resistance area, and possible opportunity for a short to be taken.

No, I would take a position either way at present.

Would appreciate some VSA analysis for a four hour period... Malcolm?
Looks like a simple case of sellers stepping aside temporarily. Since high volume drop this morning, the price has been rising on reducing volume and there does not appear to have been any significant buyers coming in.

Medium term, shorts look the safest bet IMO.
  • #210,442
  • Dec 17, 2009 2:40pm Dec 17, 2009 2:40pm
Quoting ukdaytrader
Looks like a simple case of sellers stepping aside temporarily. Since high volume drop this morning, the price has been rising on reducing volume and there does not appear to have been any significant buyers coming in.

Medium term, shorts look the safest bet IMO.
Appreciate the reply.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #210,443
  • Dec 17, 2009 3:37pm Dec 17, 2009 3:37pm
yes, but i can't say anything based on volumes atm, i'm guessing big guys are already gone for the year and what we see now should be just whipsaws.

back to the charts: i see monthly pvp @ 144.04, which means that we are still on the bullish side of the chart; however, weekly pvp already switched to 145.78 - this area needs to be taken before we can consider any longs - and also price is below daily pvp (145.34). as long as price stays below 145.78, expect another test of 144.10 (maybe 143.65). if this holds, up we go again - 146 and maybe 148/149; if broken, well, ride the shorts and better don't take profits until it really stops.

let's wait for the day to close (about 30min) and then we'll take it from there.


Quoting ukdaytrader
Looks like a simple case of sellers stepping aside temporarily. Since high volume drop this morning, the price has been rising on reducing volume and there does not appear to have been any significant buyers coming in.

Medium term, shorts look the safest bet IMO.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj-d.gif Size: 30 KB
Click to Enlarge Name: gj-h4.gif Size: 30 KB
Nihil Sine Deo.
  • #210,444
  • Dec 17, 2009 3:59pm Dec 17, 2009 3:59pm
I wonder if we continue on this pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1hr_171209.gif Size: 29 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #210,445
  • Dec 17, 2009 4:04pm Dec 17, 2009 4:04pm
Quoting 45Condor
I wonder if we continue on this pattern.
look at a larger time..daily just closed a bearish engulfing candle, unlike the order tests on that trendline. Take a look at my post.

http://www.forexfactory.com/showpost...stcount=210436
Going to make it big by age 21.
  • #210,446
  • Dec 17, 2009 4:27pm Dec 17, 2009 4:27pm
According to symmetry, first target for bearish scenario is 133, this daily channel is pretty interesting for now...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: geppydailyb.gif Size: 17 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #210,447
  • Dec 17, 2009 4:33pm Dec 17, 2009 4:33pm
Quoting JhonMonsalve
According to symmetry, first target for bearish scenario is 133, this daily channel is pretty interesting for now...

Attachment

Attachment

Jhon
I agree sir...Going to trail my position down as we move on.
Going to make it big by age 21.
  • #210,448
  • Dec 17, 2009 4:36pm Dec 17, 2009 4:36pm
A look at longer term, but comments for short term.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj daily_171209.gif Size: 34 KB
Click to Enlarge Name: gj 4hr_171209.gif Size: 33 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #210,449
  • Dec 17, 2009 4:39pm Dec 17, 2009 4:39pm
Quoting dstryr
I agree sir...Going to trail my position down as we move on.
Thanks Sir! You're right on engulfing candle, in all yen pairs, look:

Attached Image (click to enlarge)
Click to Enlarge Name: lfxjpydaily.gif Size: 14 KB


I don't dare to going long on yen pairs, only If I see a bullish PA.

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #210,450
  • Dec 17, 2009 5:10pm Dec 17, 2009 5:10pm
there goes another huge whipsaw in the bond market during the US session

8.89 BPS spike downwards in the 2 yr yields to 0.75%
  • #210,451
  • Dec 17, 2009 5:18pm Dec 17, 2009 5:18pm
Still holding short

Sell 145.45 SL 145.85 TP 144.20
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #210,452
  • Dec 17, 2009 6:11pm Dec 17, 2009 6:11pm
I have one opened sell on GBPJPY i put my sl on +1 and now i can go to sleep
Attached Image (click to enlarge)
Click to Enlarge Name: lmttrade.gif Size: 32 KB
"Buy on fear, sell on greed !!!
  • #210,453
  • Dec 17, 2009 6:39pm Dec 17, 2009 6:39pm
Quoting Piters
I was just chating with one friend of mine..


4h bear flag.. and now 1h bear flag.. possibel some retrace stage to DPP 146.20.. and then we'll see what ASIA gives ..

but..
breaking the 1h flag. we go to 143.80
breakign the 4h flag.. we go to 141 and 139 again..

watch those ltl and flags..

cheers..

P.S.. already exited my shorts before NY session kicks in..
done...

now a PB.. and then another go to the lower targets..

  • #210,454
  • Dec 17, 2009 6:48pm Dec 17, 2009 6:48pm
Quoting Piters
done...

now a PB.. and then another go to the lower targets..

hi peter... good profit there.. anyway nice analysis
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #210,455
  • Dec 17, 2009 6:49pm Dec 17, 2009 6:49pm
Quoting Yngwie
Closed Manually at 143.70 for +170 pips profit
GOod bro

I set on +1 before 1h goign for huge pile of pips...now i am about 150 + going for 400,500,600 pips
"Buy on fear, sell on greed !!!
  • #210,456
  • Dec 17, 2009 6:50pm Dec 17, 2009 6:50pm
I concur.

Quoting Piters
done...

now a PB.. and then another go to the lower targets..

  • #210,457
  • Dec 17, 2009 6:53pm Dec 17, 2009 6:53pm
Quoting Petar_Serbia
GOod bro

I set on +1 before 1h goign for huge pile of pips...now i am about 150 + going for 400,500,600 pips
Awesome bro.. i just take my limit..eventho it can swing.. safety first.. haha.. however.. u doin great job!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #210,458
  • Dec 17, 2009 6:57pm Dec 17, 2009 6:57pm
and i'm talking to myself... 143.65 tested, profits booked, opened another long and secured @ +1...

Quoting Scrat
yes, but i can't say anything based on volumes atm, i'm guessing big guys are already gone for the year and what we see now should be just whipsaws.

back to the charts: i see monthly pvp @ 144.04, which means that we are still on the bullish side of the chart; however, weekly pvp already switched to 145.78 - this area needs to be taken before we can consider any longs - and also price is below daily pvp (145.34). as long as price stays below 145.78, expect another test of 144.10 (maybe 143.65). if this holds,...
Nihil Sine Deo.
  • #210,459
  • Dec 17, 2009 7:00pm Dec 17, 2009 7:00pm
Great call, Scrat. I missed your previous post. Your number was right on the money. Well done.

Quoting Scrat
and i'm talking to myself... 143.65 tested, profits booked, opened another long and secured @ +1...
  • #210,460
  • Dec 17, 2009 7:06pm Dec 17, 2009 7:06pm
Quoting Yngwie
Awesome bro.. i just take my limit..eventho it can swing.. safety first.. haha.. however.. u doin great job!
Tnx bro i hope to see good red days on GBPJPY
"Buy on fear, sell on greed !!!
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