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

  • #213,341
  • Jan 27, 2010 3:38pm Jan 27, 2010 3:38pm
Quoting USD-Bear
Added short @ 145.35
Too early in my opinion. I took a small short at 145.60 and planning on adding more as it goes up.
check out my blog: forexmademillionaire dot com
  • #213,342
  • Jan 27, 2010 3:47pm Jan 27, 2010 3:47pm
checked out your web site--didn't find much, leaves a lot to be desired
  • #213,343
  • Jan 27, 2010 3:54pm Jan 27, 2010 3:54pm
Quoting Gucc
Queecee..

it was actually my view and target last week,,but im so " confuck-u-lated"..

my view suddenly changed from bearish to bullish {long term}

what is your view ? stil 130 and lower ,? or not anymore... after the compulsive retrace ? to 148/149

i dont not beleive that we will see a downmove will go lower than 143,max 141.70 ,before we see a uptrend to 160 and above ..

what about the inverted head and shoulder ??
the lack of momentun in this recent downmove ? retraces is 60-80% of all the thrusts ?

isnt it a sign of bottom...
Well, I would agree. . . keep in mind a few key things going forward;

1) the monthly support located at gann weekly and monthly was touched as stated last week and two weeks ago - in fact it hit to the pip. However, it has not been adequately tested in my opinion. . .

2) Remember on this last drop to 139 area we bounced up to 149 then immediately dropped down to 141.90/142 area before seeing a nice bounce up to 150.80 area I assume that area will be tested again before we head on up to 156 area. . .

3) Feds will be out of the market on Feb 1st which coinicides with month end on Jan 29th. ..

If the market is to go up I would think that support would be tested and the market might try to weed out weak longs that bought at that price point area.

Just my thoughts. . .

So whats the play for 2nite. .. I think we spike up to 146.20 maybe even higher and if Obama is hawkish on bank regulation 2nite in the state of the union address we could see a quick reversal lower. . .
  • #213,344
  • Jan 27, 2010 4:02pm Jan 27, 2010 4:02pm
Quoting quecee5
Well, I would agree. . . keep in mind a few key things going forward;

1) the monthly support located at gann weekly and monthly was touched as stated last week and two weeks ago - in fact it hit to the pip. However, it has not been adequately tested in my opinion. . .

2) Remember on this last drop to 139 area we bounced up to 149 then immediately dropped down to 141.90/142 area before seeing a...
Monthly support pointing to 141.60/70 area. . .

  • #213,345
  • Jan 27, 2010 4:42pm Jan 27, 2010 4:42pm
Just filled another small short at 145.75... keep 'em comin' baby!
check out my blog: forexmademillionaire dot com
  • #213,346
  • Jan 27, 2010 4:43pm Jan 27, 2010 4:43pm
Quoting Geppy
Just filled another small short at 145.75... keep 'em comin' baby!
what's yr target on filling your shorts? 146, 146.50, 147, 147.50?
  • #213,347
  • Jan 27, 2010 4:54pm Jan 27, 2010 4:54pm
what does it mean "Filling your shorts"??

Quoting quecee5
what's yr target on filling your shorts? 146, 146.50, 147, 147.50?
  • #213,348
  • Jan 27, 2010 4:57pm Jan 27, 2010 4:57pm
Quoting just_ha
what does it mean "Filling your shorts"??
How far up does he plan to continue to short. . . filling mean he has orders in place for short sells on geppy. . .
  • #213,349
  • Jan 27, 2010 4:59pm Jan 27, 2010 4:59pm
Quoting just_ha
what does it mean "Filling your shorts"??
He is wearing some really short tight shorts and well by filling them he mea... er wait.. nvm, I think hes talking about something else
lol
He means targets are being hit on short positions heh
Im a zombie.. "Rawr"
  • #213,350
  • Jan 27, 2010 5:04pm Jan 27, 2010 5:04pm
Quoting defariak
He is wearing some really short tight shorts and well by filling them he mea... er wait.. nvm, I think hes talking about something else
lol
He means targets are being hit on short positions heh
shrinkage much?
  • #213,351
  • Jan 27, 2010 5:07pm Jan 27, 2010 5:07pm
Quoting defariak
He is wearing some really short tight shorts and well by filling them he mea... er wait.. nvm, I think hes talking about something else
lol
He means targets are being hit on short positions heh
  • #213,352
  • Jan 27, 2010 5:13pm Jan 27, 2010 5:13pm
lol
Im a zombie.. "Rawr"
  • #213,353
  • Jan 27, 2010 5:14pm Jan 27, 2010 5:14pm
Quoting USD-Bear
well could call it waves but another play.
Lets take an example, lets assume you missed a very sharp upward move (pool)
from 140 to 142. Your mighty pissed off and think its going further but are hesitated to jump just in the dark.
Then you see a beautifull stable downwards directed paralel channel with tops and bottoms.
You draw lines on the tops and bottoms (PA should really fill the distances almost perfect and at 141 you see that it jumps above your HTL, than you jump in with a long assuming it could reach 141 +(142-140) = 143
Same reasoning...
thanks for the details, try scalp it as practise. ^^
  • #213,354
  • Jan 27, 2010 5:18pm Jan 27, 2010 5:18pm
thanks.

Quoting quecee5
How far up does he plan to continue to short. . . filling mean he has orders in place for short sells on geppy. . .
  • #213,355
  • Jan 27, 2010 5:23pm Jan 27, 2010 5:23pm
obama going to speak in 40min. Again going to shaking the movement
  • #213,356
  • Jan 27, 2010 5:32pm Jan 27, 2010 5:32pm
Quoting quecee5
what's yr target on filling your shorts? 146, 146.50, 147, 147.50?
Final one is at 146.50... once we drop initially I'll add more on a last ditch attempt for a push up (seems to generally happen) and then planning for a ride down to 142.65 first target until a retracement.
check out my blog: forexmademillionaire dot com
  • #213,357
  • Jan 27, 2010 5:37pm Jan 27, 2010 5:37pm
Quoting Geppy
Final one is at 146.50... once we drop initially I'll add more on a last ditch attempt for a push up (seems to generally happen) and then planning for a ride down to 142.65 first target until a retracement.
  • #213,358
  • Jan 27, 2010 5:37pm Jan 27, 2010 5:37pm
Quoting Geppy
Final one is at 146.50... once we drop initially I'll add more on a last ditch attempt for a push up (seems to generally happen) and then planning for a ride down to 142.65 first target until a retracement.
price heading north now. Ond't know what obama going to mess it soon on his speech any idea?
  • #213,359
  • Jan 27, 2010 5:50pm Jan 27, 2010 5:50pm
Let the games began...........................
  • #213,360
  • Jan 27, 2010 5:51pm Jan 27, 2010 5:51pm
Quoting quecee5
Let the games began...........................
quecee , scary move...............
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