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

  • #215,921
  • Feb 18, 2010 9:51am Feb 18, 2010 9:51am
no problem, you can always jump in on a dip, there should be plenty of room up... think about it, 148 area = about 600 pips more, we're not even 20% up...

Quoting Beljevina
Although I'm being a broken record, kudos once again to quecee5 for nailing the downmove to the pip. My cold feet prevented me from buying at the bottom; had I followed through - similar to your previous forecasts - I'd be 130 pips richer. If you ever think of stopping posting on FF, please PM me first!
Nihil Sine Deo.
  • #215,922
  • Feb 18, 2010 10:01am Feb 18, 2010 10:01am
Quoting Scrat
no problem, you can always jump in on a dip, there should be plenty of room up... think about it, 148 area = about 600 pips more, we're not even 20% up...
Dont hold your breath on LONGS you will expire this is a wave 2 retracement & we will go lower. we still have a wave 3 & 5 going south before the reversal. I only say what I see
  • #215,923
  • Feb 18, 2010 10:07am Feb 18, 2010 10:07am
I don't mind admitting this move up has me stumped. Seems obvious bouncing off the LTL, but the sharp nature of the 180 confuses me.

Yet more bearish divergence forming on AY again.

If I didn't know better, I would suspect this upmove was designed to trap early longs, but tbh i'm not sure.
  • #215,924
  • Feb 18, 2010 10:08am Feb 18, 2010 10:08am
Quoting Allseeingeye
Dont hold your breath on LONGS you will expire this is a wave 2 retracement & we will go lower. we still have a wave 3 & 5 going south before the reversal. I only say what I see
I would be very interested to see your count on a chart.
  • #215,925
  • Feb 18, 2010 10:17am Feb 18, 2010 10:17am
It is forming a hammer on daily charts- GBP/JPY

Yesterday it formed a shooting star and now it is forming a hammer ! Within a day trend changes !
  • #215,926
  • Feb 18, 2010 10:21am Feb 18, 2010 10:21am
Up 150 pips since this morning... gotta love easy money
check out my blog: forexmademillionaire dot com
  • #215,927
  • Feb 18, 2010 10:22am Feb 18, 2010 10:22am
Quoting kingfisher
It is forming a hammer on daily charts- GBP/JPY

Yesterday it formed a shooting star and now it is forming a hammer ! Within a day trend changes !
Hammer [?]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #215,928
  • Edited 10:38am Feb 18, 2010 10:27am | Edited 10:38am
Expect this type of tight range action with occassional small breakouts for the rest of the year - This is now the world we live in trading in the FOREX market. . .

Having said that best to adjust to current market conditions to be able to survive in today's market. . .

Also, anyone else noticed that fibo retracements have now extended back to 23.6 rather 38.2. . . and as low at 76.4 rather 61.8 food for thought. . .
  • #215,929
  • Edited 10:47am Feb 18, 2010 10:39am | Edited 10:47am
Quoting quecee5
Expect this type of tight range action with occassional small breakouts for the rest of the year - This is now the world we live in trading in the FOREX market. . .

Having said that best to adjust to current market conditions to survive in today's market. . .
- - -
or ...for the rest of the „triangle“ on the daily chart
gj4h & 1d
Attached Images
  • #215,930
  • Feb 18, 2010 10:41am Feb 18, 2010 10:41am
Quoting Scrat
no problem, you can always jump in on a dip, there should be plenty of room up... think about it, 148 area = about 600 pips more, we're not even 20% up...
Yup, 147/148 is a ways off, but, there's a huge added dimension to sterling negativity over the last few days - the UK is being mentioned in the same sentence with Greece, Portugal & Spain; throw in all the bad fundamentals, and it's hard to expect a genuine rally up. I'm thinking more of a dead cat bounce, akin to the bad press that the EUR had & then plummeted - eventually sterling will react the same way. I know I posted optimism is back a few days ago, but, I think 144.4 is a optimistic shoot level, until sentiment takes us back down. Regardless, I'm thankful to ride the waves as a scalper - the 100-120 pip ones will do just fine!
  • #215,931
  • Feb 18, 2010 11:04am Feb 18, 2010 11:04am
Quoting quecee5
Expect this type of tight range action with occassional small breakouts for the rest of the year - This is now the world we live in trading in the FOREX market. . .

Having said that best to adjust to current market conditions to be able to survive in today's market. . .

Also, anyone else noticed that fibo retracements have now extended back to 23.6 rather 38.2. . . and as low at 76.4 rather 61.8 food for thought. . .
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #215,932
  • Feb 18, 2010 11:09am Feb 18, 2010 11:09am
watch the USD-x

a big move is coming.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #215,933
  • Edited 12:53pm Feb 18, 2010 11:14am | Edited 12:53pm
Since last bottom is 138 area, anything above is gbp/jpy is trending up.

Only problem is entry in resistance area and suffer huge drawdown. So, look for support area using previous support and pivot. Example try to enter hourly S-2 or S-3 area. Goodluck.
  • #215,934
  • Feb 18, 2010 11:20am Feb 18, 2010 11:20am
Quoting quecee5
Expect this type of tight range action with occassional small breakouts for the rest of the year - This is now the world we live in trading in the FOREX market. . .

Having said that best to adjust to current market conditions to be able to survive in today's market. . .

Also, anyone else noticed that fibo retracements have now extended back to 23.6 rather 38.2. . . and as low at 76.4 rather 61.8 food for thought. . .
May be they are using Algorythms...rather than FIB..

G/U is much better to trade these Days...more PIPS...

G/U is trending UP...what the..?? ( this is to the above post)
Markets are not Random, they are designed!
  • #215,935
  • Feb 18, 2010 11:31am Feb 18, 2010 11:31am
Quoting JhonMonsalve
Is what market offers Raza, no more no less, I'm short from here.
What a nice day! Cable FTW
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #215,936
  • Feb 18, 2010 12:23pm Feb 18, 2010 12:23pm
If any one looking for a swing tade..

Here I believe is a good one..

This thing has made a new low for the first time ever........ and in the Final wave5..

I had an EYE on it for a long time..

Only need a Daily Candle Signal to go long big time.. EUR/AUD.

The ABC Correction in this one is gonna be huge

Also if you see 1 hr G/J and this chart...I am expecting similar thing to happen going into 136..
Attached Image (click to enlarge)
Click to Enlarge Name: EUR..AUD.jpg Size: 198 KB
Markets are not Random, they are designed!
  • #215,937
  • Feb 18, 2010 12:45pm Feb 18, 2010 12:45pm
Quoting Raza
If any one looking for a swing tade..

Here I believe is a good one..

This thing has made a new low for the first time ever........ and in the Final wave5..

I had an EYE on it for a long time..

Only need a Daily Candle Signal to go long big time.. EUR/AUD.

The ABC Correction in this one is gonna be huge

Also if you see 1 hr G/J and this chart...I am expecting similar thing to happen going into 136..
I agree, Eur is near to the bottom:

Attached Image (click to enlarge)
Click to Enlarge Name: eurlfx.gif Size: 11 KB


I think we could see some retrace after that, but I don't dare to going long anyways.

I've posted this in another thread in 31 January:

Quoting JhonMonsalve
Bearish Identical 3 crows?

Attachment

What do you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #215,938
  • Feb 18, 2010 12:53pm Feb 18, 2010 12:53pm
Quoting JhonMonsalve
I agree, Eur is near to the bottom:

Attachment

I think we could see some retrace after that, but I don't dare to going long anyways.

I've posted this in another thread in 31 January:
Guess its better to stay PUT till the end of the month and few days...

What would you do if you dont have LFX?....

Note this Eur/Aud... wont have nothing to do with EUR/US...its gonna be EUROs strenght against AUDI...

Off to ZZZZzzzzz.. Another day without swing set up....
Markets are not Random, they are designed!
  • #215,939
  • Feb 18, 2010 12:59pm Feb 18, 2010 12:59pm
Quoting Raza
Guess its better to stay PUT till the end of the month and few days...

What would you do if you dont have LFX?....
I dunno Raza , that LFX charts always puts me in the right side of the market, like 80-90% of the times for swing or intraday trading, the rest is pure candlestick & PA, but I need check that LFX charts to know about weak or strong currencies.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #215,940
  • Feb 18, 2010 1:03pm Feb 18, 2010 1:03pm
Quoting JhonMonsalve
I dunno Raza , that LFX charts always puts me in the right side of the market, like 80-90% of the times for swing or intraday trading, the rest is pure candlestick & PA, but I need check that LFX charts to know about weak or strong currencies.
Its a very GOOD TOOL...I should also get those LFX charts...which demo do you use? JHon.

If you see EUR/AUD its been falling since the begining of mankind.(lol) with no retrace..see the Monthly Chart ..this is the 14 RED Candle...WOW...
Markets are not Random, they are designed!
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