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

  • #212,921
  • Jan 24, 2010 2:48am Jan 24, 2010 2:48am
Quoting grashid
i like this number and so with 139.50/70
No offense but why do people try to guess what is going to happen? yea, it could go to 141 and then back to 148 and then to blah blah blah. It could also go to 135 and then 150 and then 140 and then 148. To all, just follow price action. Again, I mean no harm but i just wouldn't want to see you lose a trade because it didn't go exactly as you thought.
  • #212,922
  • Jan 24, 2010 3:00am Jan 24, 2010 3:00am
Quoting dre3029
no offense but why do people try to guess what is going to happen? Yea, it could go to 141 and then back to 148 and then to blah blah blah. It could also go to 135 and then 150 and then 140 and then 148. To all, just follow price action. Again, i mean no harm but i just wouldn't want to see you lose a trade because it didn't go exactly as you thought.
pls i have a question and i would like u to answer me....what is the meaning of ff & forum?
MY OPINION NOT FINANCIAL ADVISE
  • #212,923
  • Jan 24, 2010 7:08am Jan 24, 2010 7:08am
gbp/jpy stay bearish
God, i love, how i'm trade!!!
  • #212,924
  • Jan 24, 2010 7:25am Jan 24, 2010 7:25am
Quoting FxBreath
gbp/jpy stay bearish
yip,we can stay bearish,.on my main acc,i will probably stay short,stop stay above 150... will bank a few hundred pips at 142,,,and see whats going on,,, if we heading to 148/149... then i will add more,,,so im happy,if go all the way down to 135 ,or back up to 148/149..
  • #212,925
  • Jan 24, 2010 7:33am Jan 24, 2010 7:33am
Ok GJ traders, for several weeks the PA been nothing but crazy consolidating on a small range from the 145<X< 151 .

Friday the PA finally broke the 4hr TL (145.00 support zone).

Based on my charts, PA heading toward the 142.00 zone and than 139.00 zone.

Look at the higher TF's to confirm the trend..

150.50 held up very well for several weeks on the weekly chart.(confirm this area is a strong resistance)

Daily TL broke several days ago

Overall the fundamentals is very bearish and the TA is all bearish from the higher TF's

Trend is your friend.

PA moves to the least resistance and GJ is heading down to the 142, 139 before any bounce..



Good Luck

Trade your charts!!!

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  • #212,926
  • Jan 24, 2010 7:46am Jan 24, 2010 7:46am
A little tired this evening, and kicking back with some music, so the charts are a rather lame effort, I feel. That is, they could have been a little better explained, but never mind, I make the submission for peer review/alternative perspective.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #212,927
  • Jan 24, 2010 8:26am Jan 24, 2010 8:26am
Quoting rgitt05
Ok GJ traders, for several weeks the PA been nothing but crazy consolidating on a small range from the 145<X< 151 .

Friday the PA finally broke the 4hr TL (145.00 support zone).

Based on my charts, PA heading toward the 142.00 zone and than 139.00 zone.

Look at the higher TF's to confirm the trend..

150.50 held up very well for several weeks on the weekly chart.(confirm this area is a strong resistance)

Daily TL broke several days ago

Overall the fundamentals is very bearish and the TA is all bearish from the higher TF's

Trend...

bro could this be a buy dip of the year?...i see 143.10 as a strong support and we could bounce from there...as u mention 142.00 should be the final support to break now but the range on monthly from 153.139 is still in the play so i think on the higher tf only a break of this 153-155 will turn trend bullish and break of 139 will turn it all bearish...let see the break
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MY OPINION NOT FINANCIAL ADVISE
  • #212,928
  • Jan 24, 2010 11:10am Jan 24, 2010 11:10am
Quoting rgitt05
Ok GJ traders, for several weeks the PA been nothing but crazy consolidating on a small range from the 145<X< 151 .

Friday the PA finally broke the 4hr TL (145.00 support zone).

Based on my charts, PA heading toward the 142.00 zone and than 139.00 zone.

Look at the higher TF's to confirm the trend..

150.50 held up very well for several weeks on the weekly chart.(confirm this area is a strong resistance)

Daily TL broke several days ago

Overall the fundamentals is very bearish and the TA is all bearish from the higher TF's

Trend...
Couldn't agree more but imo the second chart is the most powerful and we are now in a bearish wedge after breaking the previous triangle we only had to wait 3 days to enter this trade ( happy days ) sit back and play the breakout gopher is clearly bearish but cable has a slight run on resistance before falling further telling me geppy might be slow tomorrow asia session and even london but ny could kick start shorts again for me personally ill play the wedge - there is a triangle off sorts if you draw a trend line from 118 through 139-140 and look where she stopped we shall see over the next 24hrs

happy trading
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  • #212,929
  • Jan 24, 2010 11:57am Jan 24, 2010 11:57am
Nice Chart Cohiba pips!!!

Patience..

Selling all rallies..



Quoting cohiba pips
Couldn't agree more but imo the second chart is the most powerful and we are now in a bearish wedge after breaking the previous triangle we only had to wait 3 days to enter this trade ( happy days ) sit back and play the breakout gopher is clearly bearish but cable has a slight run on resistance before falling further telling me geppy might be slow tomorrow asia session and even london but ny could kick start shorts again for me personally ill play the wedge - there is a triangle off sorts if you draw a trend line from 118 through 139-140...
[
  • #212,930
  • Jan 24, 2010 12:31pm Jan 24, 2010 12:31pm
here is she,,and im hoping this play out as a triangle >>>
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  • #212,931
  • Jan 24, 2010 12:33pm Jan 24, 2010 12:33pm
Okay. And Cohibas are great cigars.

Quoting cohiba pips
Couldn't agree more but imo the second chart is the most powerful and we are now in a bearish wedge after breaking the previous triangle we only had to wait 3 days to enter this trade ( happy days ) sit back and play the breakout gopher is clearly bearish but cable has a slight run on resistance before falling further telling me geppy might be slow tomorrow asia session and even london but ny could kick start shorts again for me personally ill play the wedge - there is a triangle off sorts if you draw a trend line from 118 through 139-140...
  • #212,932
  • Jan 24, 2010 12:52pm Jan 24, 2010 12:52pm
or this one..
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  • #212,933
  • Jan 24, 2010 1:04pm Jan 24, 2010 1:04pm
at the moment its a 80 pip gap.....UP

afaik the gaps usually go in the direction that it will move in after the gap has done closing, so it would seem it may be heading up, at least temporarily unless this comes back down in the next couple of hours so theres no gap at the open.
  • #212,934
  • Jan 24, 2010 1:22pm Jan 24, 2010 1:22pm
Quoting Gucc
i see a 20 pip gap up..post your link pls
Oanda charts show an 80 pip gap up from the open. Currently nearer 60 pips. 145.22.
  • #212,935
  • Jan 24, 2010 1:26pm Jan 24, 2010 1:26pm
Quoting ukdaytrader
Oanda charts show an 80 pip gap up from the open. Currently nearer 60 pips. 145.22.
  • #212,936
  • Jan 24, 2010 1:44pm Jan 24, 2010 1:44pm
Quoting Gucc
or this one..
i like this one.

  • #212,937
  • Jan 24, 2010 1:52pm Jan 24, 2010 1:52pm
Quoting pkimnyc
W3 is usually the longest and the most powerful wave of 5, but like you said, that is not always the case. If W3 is shorter than 161 FE of W1 then it is much probable that W5 would be the longest. The major delema I have with the 5 waves down move scenario is that the initial wave from 251 was not an impulse wave. therefore it is probable that the move down from 251 - 118 should be counted as ABC correction, but that is just my view. trade what you see.
Thanks pk. Can I deduce from this that you believe we're on W3 now unless we break 138. Then we're still in W2.

I have a lot of reading to do...
  • #212,938
  • Jan 24, 2010 1:56pm Jan 24, 2010 1:56pm
Quoting ukdaytrader
Thanks pk. Can I deduce from this that you believe we're on W3 now unless we break 138. Then we're still in W2.

I have a lot of reading to do...
sorry, i have different counts. nothing concrete yet, but we all trade what we see.
  • #212,939
  • Jan 24, 2010 4:16pm Jan 24, 2010 4:16pm
Quoting pkimnyc
i like this one.


hey pkimnyc..

do you think this thing played out as a decsending wedge ? ..

lets hope so ..
  • #212,940
  • Jan 24, 2010 4:28pm Jan 24, 2010 4:28pm
55 pips banked, nice start of the week
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