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

  • #213,601
  • Jan 29, 2010 1:59am Jan 29, 2010 1:59am
Quoting Scrmnegl
Waiting on news and london to tell me which way to trade
Messed up. My forexfactory is 1H ahead...never took daylight savings into consideration. I miss several news announcments because of that
  • #213,602
  • Jan 29, 2010 2:02am Jan 29, 2010 2:02am
down we go
  • #213,603
  • Jan 29, 2010 2:09am Jan 29, 2010 2:09am
Quoting Scrmnegl
Waiting on news and london to tell me which way to trade

lol..fu%&k the news and fundamentals.. unless you are a specialist in economics and trade long term ..

stick with technicals..

fundamentals is a brainwash confuckulated theory
  • #213,604
  • Jan 29, 2010 2:10am Jan 29, 2010 2:10am
Quoting donfriday
i closed mine also 50pips tp but it seems we can go up more looking at 1hr and 4hrs set up pin bar.
ya H1 is a clear hidden bullish divergence.
  • #213,605
  • Jan 29, 2010 2:13am Jan 29, 2010 2:13am
Quoting roreki
down we go
1hr gu and gj says buy.....becareful no signal for short now ..i only use 1hr for entry cus of lower tf noise
MY OPINION NOT FINANCIAL ADVISE
  • #213,606
  • Jan 29, 2010 2:14am Jan 29, 2010 2:14am
Quoting donfriday
1hr gu and gj says buy.....becareful no signal for short now ..i only use 1hr for entry cus of lower tf noise
yeah i saw it thnx

i ready closed with +1 and waiting now
  • #213,607
  • Jan 29, 2010 2:18am Jan 29, 2010 2:18am
still holding my one long from 144.728, TP is somewhere around R1, inverted complex H&S or it can be a diamond bottom.
  • #213,608
  • Jan 29, 2010 2:18am Jan 29, 2010 2:18am
Quoting special0nefx
ya H1 is a clear hidden bullish divergence.
If you look at the current position on the MACD in relation to the price bars, it could be argued that the bullish divergence is no longer valid. Not saying we won't go up from here, but I wouldn't go long based on that.

Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr diverg.gif Size: 23 KB
  • #213,609
  • Jan 29, 2010 2:23am Jan 29, 2010 2:23am
couldnt it be like this?

Quoting ukdaytrader
If you look at the current position on the MACD in relation to the price bars, it could be argued that the bullish divergence is no longer valid. Not saying we won't go up from here, but I wouldn't go long based on that.

Chart
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr diverg.gif Size: 133 KB
  • #213,610
  • Jan 29, 2010 2:28am Jan 29, 2010 2:28am
Quoting just_ha
couldnt it be like this?
Your markings are not taking into consideration the current position of the MACD. As of right now, the MACD is above it's previous level. ie, it's played out.
I wouldn't go long based on a bullish divergence which is not there RIGHT NOW. Like I said, not saying we won't go higher, just that I wouldn't trade this divergence now.
  • #213,611
  • Jan 29, 2010 2:32am Jan 29, 2010 2:32am
Good point, Will keep that in mind for divergence,

thank you!

Quoting ukdaytrader
Your markings are not taking into consideration the current position of the MACD. As of right now, the MACD is above it's previous level. ie, it's played out.
I wouldn't go long based on a bullish divergence which is not there RIGHT NOW. Like I said, not saying we won't go higher, just that I wouldn't trade this divergence now.
  • #213,612
  • Jan 29, 2010 2:39am Jan 29, 2010 2:39am
Quoting ukdaytrader
your markings are not taking into consideration the current position of the macd. As of right now, the macd is above it's previous level. Ie, it's played out.
I wouldn't go long based on a bullish divergence which is not there right now. Like i said, not saying we won't go higher, just that i wouldn't trade this divergence now.
i agree with u base on 4hrs macd but i target 50ema 4hrs ...
MY OPINION NOT FINANCIAL ADVISE
  • #213,613
  • Jan 29, 2010 2:42am Jan 29, 2010 2:42am
It will be interesting to observe if UJ (daily)succeeds in breaking 50EMA (=UTL=red line) coinsiding a H&S break, if so it's prob. going north quit spectacular but it will take some time before we know....

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #213,614
  • Jan 29, 2010 2:53am Jan 29, 2010 2:53am
Quoting ukdaytrader
Your markings are not taking into consideration the current position of the MACD. As of right now, the MACD is above it's previous level. ie, it's played out.
I wouldn't go long based on a bullish divergence which is not there RIGHT NOW. Like I said, not saying we won't go higher, just that I wouldn't trade this divergence now.
Can you point out what your point of current MACD is above previous level?
  • #213,615
  • Jan 29, 2010 2:55am Jan 29, 2010 2:55am
Quoting donfriday
i agree with u base on 4hrs macd but i target 50ema 4hrs ...
ya target 50ema and gann as well is testing now.
  • #213,616
  • Jan 29, 2010 3:04am Jan 29, 2010 3:04am
A M15 view of a rather disciplined adherence of a upwards trend line. There's not convincing evidence that the lows are being bought, but some demand seems to be there. We could see 147 through London; am hoping good US earnings push UJ & this up enthusiastically during Friday's session, with active PA like we saw last Friday - nothing like exuberance & optimism on the part of the US, whereas I'm not sure the UK has that much reason. US futures turned positive too.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-01-29_035924.png Size: 13 KB
  • #213,617
  • Jan 29, 2010 3:08am Jan 29, 2010 3:08am
Quoting special0nefx
Can you point out what your point of current MACD is above previous level?
The two white lines. Particularly the MACD one. Is now aligned with the PA direction. The bullish divergence was last night.

Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr diverg.gif Size: 23 KB
  • #213,618
  • Jan 29, 2010 3:09am Jan 29, 2010 3:09am
Quoting special0nefx
ya target 50ema and gann as well is testing now.
today is friday....so take wat is urs and rest for the week..crazy pa
MY OPINION NOT FINANCIAL ADVISE
  • #213,619
  • Jan 29, 2010 3:14am Jan 29, 2010 3:14am
Quoting ukdaytrader
The two white lines. Particularly the MACD one. Is now aligned with the PA direction. The bullish divergence was last night.

Chart.
Attachment
Oic...thank you for pointing out. The MACD is same with the PA now. Ya last night show Bullish divergence, so now she really when up. but don't know till what price only. thanks

Quoting donfriday
today is friday....so take wat is urs and rest for the week..crazy pa
Ya i close all my position and get what i want. Yes is really making us crazy week. Up and down 144~147 for this week.
  • #213,620
  • Jan 29, 2010 3:24am Jan 29, 2010 3:24am
Quoting special0nefx
Oic...thank you for pointing out. The MACD is same with the PA now. Ya last night show Bullish divergence, so now she really when up. but don't know till what price only. thanks


Ya i close all my position and get what i want. Yes is really making us crazy week. Up and down 144~147 for this week.
it did not pass my tp by 1 tick and start retracing 146.00....crazy in did....
MY OPINION NOT FINANCIAL ADVISE
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