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

  • #212,081
  • Jan 14, 2010 5:13pm Jan 14, 2010 5:13pm
Quoting Scrmnegl
pull up your 4H chart and draw the channel. The candle never closed below the mid line and has started its accent. I'm looking at 150.00 tonight
Not sure what channel you're looking at bro, but I do have the downtrend line on the 4H that we closed below but then in the last 4H candle we shot right back up through it and closed above it again.

Most were calling it a false breakout after it came back in, but I think we had ourselves a bit of a bear trap instead...

A weekly close above 150 or better yet above 150.50 would be delectable.
check out my blog: forexmademillionaire dot com
  • #212,082
  • Jan 14, 2010 5:15pm Jan 14, 2010 5:15pm
Quoting Scrmnegl
pull up your 4H chart and draw the channel. The candle never closed below the mid line and has started its accent. I'm looking at 150.00 tonight

I'm gladly looking with you, gn.........
Don't be a hero. Don't have an ego. Always question yourself
  • #212,083
  • Jan 14, 2010 5:36pm Jan 14, 2010 5:36pm
im done with any orders on gbp/jpy until 151.50/152.25 is reach or break of the rising wedge.. why do you wanna try to figger out right in the middle of the wedge where to go next ? you will end up loosing.it can drop straight to 147 or shoot up to 150 ?.

ill try to be a pro and be patient and sit on the sideline until 151.50 is reach or break of the wedge,. then ill start adding shorts upto 152.24.
over 153.50 will i sweat like a fat ass.

time to focus more on eur/usd for the breakout to the upside,and build my bankroll for the GJ kaboom

save the bucks for the 1000 pip drop !..
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  • #212,084
  • Edited 6:51pm Jan 14, 2010 6:29pm | Edited 6:51pm
anyone else notice this is the second day we've had a close below daily gann?

We've penetrated it, pierced, touched but no close above it for the second day. . .

Also, we've retraced almost back to the recent high at 150.70 (to appox. 150) 70 pips shy of it but the daily macd is not acknowledging the upside move. . .

Yet some are still saying that there is no daily divergence on the macd. . .

The 4hr chart is now aligned with the daily chart diverging lower and so now I await the 1hr chart to rollover and lets see what price geppy brings. . .

151-152, well I think not. . . not until the it's we get out of the OB PA. . . But hell this is geppy anything can happen. . .

Lets see how it plays out. . .
  • #212,085
  • Jan 14, 2010 6:58pm Jan 14, 2010 6:58pm
Quoting Geppy
I guess you'll be shorting here, big guy!

qeeucee r you there?
  • #212,086
  • Jan 14, 2010 7:00pm Jan 14, 2010 7:00pm
Quoting quecee5
anyone else notice this is the second day we've had a close below daily gann?

We've penetrated it, pierced, touched but no close above it for the second day. . .

Also, we've retraced almost back to the recent high at 150.70 (to appox. 150) 70 pips shy of it but the daily macd is not acknowledging the upside move. . .

Yet some are still saying that there is no daily divergence on the macd. . .

The 4hr chart is now aligned with the daily chart diverging lower and so now I await the 1hr chart to rollover...
r you there?
  • #212,087
  • Jan 14, 2010 7:03pm Jan 14, 2010 7:03pm
yep I'm here. . . watching the action. . .
  • #212,088
  • Jan 14, 2010 7:16pm Jan 14, 2010 7:16pm
Quoting quecee5
yep I'm here. . . watching the action. . .
its ok,,,i ,try to see youre daily divergance ,but dont understand wht you mean .. only divergance i can see,is the 4H..where i think it might make another last new hight upto 151/152.. dont know,,
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  • #212,089
  • Jan 14, 2010 7:18pm Jan 14, 2010 7:18pm
Quoting Gucc
its ok,,,i ,try to see youre daily divergance ,but dont understand wht you mean .. only divergance i can see,is the 4H..where i think it might make another last new hight upto 151/152.. dont know,,
Try this, with RSX, same divergence

http://www.forexfactory.com/showpost...stcount=212029
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #212,090
  • Jan 14, 2010 7:19pm Jan 14, 2010 7:19pm
Complex head and shoulders forming in the 30min 1 hr chart???

Enter Short @ DPP - 149.097

Paying close attention to the Neckline area (148.37) Also Weekly PP and Yesterday's Low.
  • #212,091
  • Jan 14, 2010 7:22pm Jan 14, 2010 7:22pm
Quoting just_ha
Complex head and shoulders forming in the 30min 1 hr chart???

Enter Short @ DPP - 149.097

yip,target 147.35..
  • #212,092
  • Jan 14, 2010 7:25pm Jan 14, 2010 7:25pm
I entered at the top of the head late last night, but got out before i went to bed.

Hopefuly it won't bounce off the neckline & hit my SL
Quoting Gucc
yip,target 147.35..
  • #212,093
  • Jan 14, 2010 7:27pm Jan 14, 2010 7:27pm
The divergence I speak of is classic divergence. . .

As I stated before, look at the high at 150.70, then look at the high we just made this a.m. at 150.00. . . Look how the move up is not being acknowledge by the macd on the daily chart. . .

This tells me that price is diverging and eventually this will play out and we will see a huge move dn I'm guessing to at least the weekly gann 144.50 area. . .

I'm not saying that we won't go up further but what I am saying is the upmove is losing momentum and supporters. . . and eventually we will see a sharp move lower. . . to just be mindful of this. . .

Once we see 1hr, 4hr and daily all aligned (macd) the daily divergence will be activated and down we go. . . at least 500-600 pips from whatever high it's at, at the time. . .

I'm building shorts on each high and will continue to build them as longs as I'm in profit. . .
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  • #212,094
  • Jan 14, 2010 7:27pm Jan 14, 2010 7:27pm
reverse to long at 147.35 to 149 /30/50 before the breakout ,,dont know..

other JPY crosses seems ready to go,but not GJ ..
  • #212,095
  • Jan 14, 2010 7:29pm Jan 14, 2010 7:29pm
Quoting JhonMonsalve
Try this, with RSX, same divergence

http://www.forexfactory.com/showpost...stcount=212029
Thought I was the only one who saw this HD on daily. . . now on 4hr. . .
  • #212,096
  • Jan 14, 2010 7:29pm Jan 14, 2010 7:29pm
hav a targat on S3 started late ideal entry on PPX which is my resistance and my stop...
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  • #212,097
  • Jan 14, 2010 7:33pm Jan 14, 2010 7:33pm
4hr candle close in 30 min or so better close above 149 or the upmove in in trouble. . .
  • #212,098
  • Jan 14, 2010 7:35pm Jan 14, 2010 7:35pm
Quoting quecee5
4hr candle close in 30 min or so better close above 149 or the upmove in in trouble. . .
yip..
  • #212,099
  • Jan 14, 2010 7:47pm Jan 14, 2010 7:47pm
GU & UJ go down..GJ had no chance for any bulls.. possible for a weekly close below 146..eur/jpy at the neckline..but he is gonna run into trouble at 130..the bulls feighters waiting at that area
  • #212,100
  • Jan 14, 2010 7:51pm Jan 14, 2010 7:51pm
Quoting Gucc
GU & UJ go down..GJ had no chance for any bulls.. possible for a weekly close below 146..eur/jpy at the neckline..but he is gonna run into trouble at 130..the bulls feighters waiting at that area
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