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

  • #216,721
  • Feb 26, 2010 3:52am Feb 26, 2010 3:52am
Quoting ewokuk
142? hmmmm all news better than expected and pound drops like a rock. not exactly a good sign for any kind of up move lol
The results were actually mixed. . . but so far 135.90 area has been stellar support for now. . . could change quite easily but let's see where the buyers really are. . .
  • #216,722
  • Feb 26, 2010 3:54am Feb 26, 2010 3:54am
Quoting quecee5
Here is a simple daily chart I'm now working from and will work from it thru next or so. . .

Orange lines are major support blue dotted line are resistance areas. . . The fibs speak for themselves. . .
4 hr seems bullish (Divergence)...some retrace..
Markets are not Random, they are designed!
  • #216,723
  • Feb 26, 2010 3:57am Feb 26, 2010 3:57am
Quoting Raza
4 hr seems bullish (Divergence)...some retrace..
I agree - price may need to go down some to work off OB condition on the 1hr chart or it could even traded sideways until we are out of OB on 1hr before going up. . .
  • #216,724
  • Feb 26, 2010 4:08am Feb 26, 2010 4:08am
False break both ways...big dogs are afraid to take side..we may see a harami by day end. Small dog is afraid too..I mean me
  • #216,725
  • Feb 26, 2010 4:09am Feb 26, 2010 4:09am
Quoting quecee5
I agree - price may need to go down some to work off OB condition on the 1hr chart or it could even traded sideways until we are out of OB on 1hr before going up. . .
YUP...i was looking at 1 hr...

Stoch is getting out of OB levels...

This Stoch on Hourly is awesome for Scalping combined with FIBS.. easy to spot Divergence and OS & OB levels..
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr stoch.jpg Size: 193 KB
Markets are not Random, they are designed!
  • #216,726
  • Feb 26, 2010 4:20am Feb 26, 2010 4:20am
PA of UJ respecting UTL almost perfect but it does not move down.
Can somewhone tell if this indicates something?

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #216,727
  • Feb 26, 2010 4:25am Feb 26, 2010 4:25am
Quoting USD-Bear
PA of UJ respecting UTL almost perfect but it does not move down.
Can somewhone tell if this indicates something?

Attachment
Dont take my words for it but on 1 hr it looks like a BULL FLAG...

Lot of US news Today..be careful..if trading..
Markets are not Random, they are designed!
  • #216,728
  • Feb 26, 2010 4:26am Feb 26, 2010 4:26am
Quoting Raza
YUP...i was looking at 1 hr...

Stoch is getting out of OB levels...

This Stoch on Hourly is awesome for Scalping combined with FIBS.. easy to spot Divergence and OS & OB levels..
Take a look at stoch on 4hr chart we have bottomed and gone up 100-170 pips off the low and still have about 75% to go before getting into the OB range. Could suggest another 250-400 pips to the upside which would put us ar'd the 139+ mark or greater if it plays out. . .
  • #216,729
  • Feb 26, 2010 4:28am Feb 26, 2010 4:28am
Quoting USD-Bear
PA of UJ respecting UTL almost perfect but it does not move down.
Can somewhone tell if this indicates something?

Attachment
My view is UJ will going down doing last wave. Support at 88.85
  • #216,730
  • Feb 26, 2010 4:33am Feb 26, 2010 4:33am
Quoting quecee5
Take a look at stoch on 4hr chart we have bottomed and gone up 100-170 pips off the low and still have about 75% to go before getting into the OB range. Could suggest another 250-400 pips to the upside which would put us ar'd the 139+ mark or greater if it plays out. . .
Yes I saw that..on 4hr..only worry is HIDDEN BEARISH DIVERGENCE...

50 EMA IS AROUND 139.40 ...ATM..
Markets are not Random, they are designed!
  • #216,731
  • Feb 26, 2010 4:41am Feb 26, 2010 4:41am
Quoting special0nefx
My view is UJ will going down doing last wave. Support at 88.85
Yes, just wondering if there is some simple chart reasoning purely based on PA pattern like, it respects downwards UTL but does not indicate it wants down, so it presses to break out north or something like that......
Don't be a hero. Don't have an ego. Always question yourself
  • #216,732
  • Edited 5:16am Feb 26, 2010 4:56am | Edited 5:16am
bULLISH wedge....imo..

its a bit tricky cause RSI is showing some Bearish Divergence.. it will take few weeks to figure it out..

Weekly candle is Bearish ATM..
Attached Image (click to enlarge)
Click to Enlarge Name: UJ WEEKLY.jpg Size: 140 KB
Markets are not Random, they are designed!
  • #216,733
  • Feb 26, 2010 5:15am Feb 26, 2010 5:15am
Long @ 136.00
Don't be a hero. Don't have an ego. Always question yourself
  • #216,734
  • Feb 26, 2010 5:23am Feb 26, 2010 5:23am
Keep it simple...The trend is down..I posted many times that GJ is heading down..The whole week GJ held up for the freefall starting today and continue this weekend..

Sell all rallies..

Don't get fool by the PB PA..It is all bearish..

TP is the 76.8% on the monthly chart 128 zone..

Place your bets..

Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart#h.gif Size: 26 KB
Click to Enlarge Name: chart#a.gif Size: 22 KB
Click to Enlarge Name: chart#b.gif Size: 32 KB
[
  • #216,735
  • Feb 26, 2010 5:27am Feb 26, 2010 5:27am
Quoting rgitt05
Keep it simple...The trend is down..I posted many times that GJ is heading down..The whole week GJ held up for the freefall starting today and continue this weekend..

Sell all rallies..

Don't get fool by the PB PA..It is all bearish..

TP is the 76.8% on the monthly chart 128 zone..

Place your bets..

Sure rgitt05, but you are on another timeframe......
Don't be a hero. Don't have an ego. Always question yourself
  • #216,736
  • Feb 26, 2010 5:29am Feb 26, 2010 5:29am
on 4h chart pa when it was at 139 looks exacly the same as pa at 136. seems to be curling over to point down again. when us gdp comes out later itll probably drop again the same as at 139
  • #216,737
  • Feb 26, 2010 5:37am Feb 26, 2010 5:37am
I am trading from the higher TF's..The eurozone problem is getting worst and the month is almost over.. All the fundamentals are bad and PA held up for the FREEFALL..No indicators can help..EW will not help..

This beast is heading down...Gravity will attract it to the fib level..

Anyway, IMHO..

LOL

I say all kaboom to the 76.8% level 128.00



Quoting USD-Bear
Sure rgitt05, but you are on another timeframe......
[
  • #216,738
  • Feb 26, 2010 5:48am Feb 26, 2010 5:48am
yes i think down is not finished based on what 4h looks like to me. i think 135 again at least for today, maybe lower depending on news
  • #216,739
  • Feb 26, 2010 5:51am Feb 26, 2010 5:51am
Ok...just bought it for few 100 pips at 135.73...STOP LOSS AT 135.50
Markets are not Random, they are designed!
  • #216,740
  • Feb 26, 2010 6:04am Feb 26, 2010 6:04am
Quoting Raza
Ok...just bought it for few 100 pips at 135.73...STOP LOSS AT 135.50
i had buy orders at 135.7 @61.8% of last move, hell it bounced from 135.72. i hope it goes there. looks unlikely though
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