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

  • #218,041
  • Mar 11, 2010 6:43am Mar 11, 2010 6:43am
Curious you see 135.69/135.55 trigger for?
Thanks
Dean



Quoting quecee5
1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the daily trigger. . .

Also DPP will be important as well as the daily close. . . we have closed below daily gann 3 days in a row another test and failure there would more than likely trigger more selling. . .
  • #218,042
  • Mar 11, 2010 6:43am Mar 11, 2010 6:43am
Quoting quecee5
1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the daily trigger. . .

Also DPP will be important as well as the daily close. . . we have closed below daily gann 3 days in a row another test and failure there would more than likely trigger more selling. . .
Yea, it's a bit touch and go right now. I am expecting an equity rally to re-test the recent highs sometime over the next 6-8 sessions, so long opportunities may present themselves. BUT, for now, I'd rather stay out, (or even look for a short scalp), than go big long.

Will be monitoring this chart for signs of any change, but looks bearish.
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  • #218,043
  • Mar 11, 2010 6:47am Mar 11, 2010 6:47am
Quoting quecee5
1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the daily trigger. . .

Also DPP will be important as well as the daily close. . . we have closed below daily gann 3 days in a row another test and failure there would more than likely trigger more selling. . .
I think if price doesn't get above 136 (daily gann), then it could test 134.60, which is the LTL. But if price gets above 136 in the next hour and stays above it, then we could have daily close above the gann, which could bring 138.20 into play. Let's see what the next hour brings.
  • #218,044
  • Mar 11, 2010 6:52am Mar 11, 2010 6:52am
Quoting kingfisher
G/J long is looking good because U/J long is looking good.

Pattern repeating what happened from june 2009- sept 2009:

E/U stalled- Range trading

G/U stalled- Range Trading

G/J and U/J making similar moves.
and why U/J is looking good?
I recommend you read something else as this sentence is now concluded.
  • #218,045
  • Mar 11, 2010 6:53am Mar 11, 2010 6:53am
Quoting quecee5
1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the daily trigger. . .

Also DPP will be important as well as the daily close. . . we have closed below daily gann 3 days in a row another test and failure there would more than likely trigger more selling. . .
I guess I see things VERY differently. I don't think the term "rolling over" applies here. The 4H looks very bullish to me and we're just seeing some consolidation right now.

We've moved up 160 or so pips and it's extremely common (not to mention healthy) to have a retracement in order to continue up. I'd rather have a nice steady climb than a large news spike that gets retraced an hour later. In my opinion we're definitely in a bullish mode in a longer term bearish trend. I'm buying the dips and expecting to crack the last highs put in at 137.40 or thereabouts. I'll consider taking off my position anywhere starting from 138.50 on up to 141 but most likely no sooner.

Also, I don't know where the daily gann or DPP is... I don't pay attention to them so maybe it holds some weight, maybe it doesn't.
check out my blog: forexmademillionaire dot com
  • #218,046
  • Mar 11, 2010 6:55am Mar 11, 2010 6:55am
Quoting Obaidah
and why U/J is looking good?
Hey. Long time no see here.
I still use your Volume Analyser all the time.
  • #218,047
  • Mar 11, 2010 6:57am Mar 11, 2010 6:57am
Quoting Beljevina
Nice H1 pip bar bounce off a minor support; we'll retest now, while NY confirms direction for today and hopefully take off. Mind you, formal pattern interpretation below does provide 133.9 as a first stop. Let's see.
Hmm ... not completing well is it ... and there's broad based selling on Wall Street & PA looks to go lower, led moreso by ominous UJ PA & EU (they're rioting over in Greece you know, not that it matters to the EUR) . Will probably dump my 135.7 long I just picked up - hate being in drawdown. Sitting, waiting, deciding ...
  • #218,048
  • Mar 11, 2010 6:58am Mar 11, 2010 6:58am
Quoting quecee5
1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the daily trigger. . .

Also DPP will be important as well as the daily close. . . we have closed below daily gann 3 days in a row another test and failure there would more than likely trigger more selling. . .
Quecee, my Daily chart for previous 4 days is close above Gann daily , and looks got divergence also which trigger going north again. This is my analysis, pls advice , thank for everything quecee...
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  • #218,049
  • Mar 11, 2010 7:04am Mar 11, 2010 7:04am
Quoting ukdaytrader
Hey. Long time no see here.
I still use your Volume Analyser all the time.
hey buddy, yea long time no see! i had to stop trading for some reasons but now i'm comming back .. i lost track of almost everything so i must demo trading for like 2 months ... about the VSA i hope it helps you trade better, there gonna be several modifications soon, i'll keep you posted ;]
I recommend you read something else as this sentence is now concluded.
  • #218,050
  • Mar 11, 2010 7:10am Mar 11, 2010 7:10am
Quoting Obaidah
hey buddy, yea long time no see! i had to stop trading for some reasons but now i'm comming back .. i lost track of almost everything so i must demo trading for like 2 months ... about the VSA i hope it helps you trade better, there gonna be several modifications soon, i'll keep you posted ;]
Sounds great. If you want to borrow any templates for additional analysis, let me know.
  • #218,051
  • Mar 11, 2010 7:15am Mar 11, 2010 7:15am
don't shoot the messenger...

intra-day volume profile does not show a typical trending day, and most intense activity is here - 135.40 to 135.80. the bias is slightly bullish (intra-day as well as intra-week) because we just had a break of 135.90 indicating intra-week trend has changed - and it will stay bullish as long as 134.90 is in place BUT not below.

Quoting Geppy
I guess I see things VERY differently....
Nihil Sine Deo.
  • #218,052
  • Mar 11, 2010 7:16am Mar 11, 2010 7:16am
Quoting Pipsqueak
I think if price doesn't get above 136 (daily gann), then it could test 134.60, which is the LTL. But if price gets above 136 in the next hour and stays above it, then we could have daily close above the gann, which could bring 138.20 into play. Let's see what the next hour brings.
Agreed but two things to watch - the 1hr bearish divergence and the daily close above or below gann. . . 135.55/69 is 1hr support a 1hr close bwlo that see 135 and 134.40/60 area where we could get a bounce. . .
  • #218,053
  • Mar 11, 2010 7:17am Mar 11, 2010 7:17am
Quoting Scrat
don't shoot the messenger...
Scrat, what's your analysis on Geppy today?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,054
  • Mar 11, 2010 7:21am Mar 11, 2010 7:21am
Quoting special0nefx
Quecee, my Daily chart for previous 4 days is close above Gann daily , and looks got divergence also which trigger going north again. This is my analysis, pls advice , thank for everything quecee...
Here is my daily chart with gann = blue dotted line. . .
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  • #218,055
  • Mar 11, 2010 7:21am Mar 11, 2010 7:21am
Quoting Scrat
don't shoot the messenger...
Hey Scrat, wasn't my intention... just stating I see it much differently.

Anyway, did you get in on USD/CAD yesterday? Looks like the damn thing is finally getting legs (I started getting long last week). Also, the EUR/GBP is starting to show some signs of weakness...
check out my blog: forexmademillionaire dot com
  • #218,056
  • Mar 11, 2010 7:24am Mar 11, 2010 7:24am
Quoting dean walker
Curious you see 135.69/135.55 trigger for?
Thanks
Dean
It's 1hr support. . . Break there and we go to 4hr support - 135.20/134.90 area. . . If that breaks then back to support at 133.80/90 area
  • #218,057
  • Mar 11, 2010 7:39am Mar 11, 2010 7:39am
Ok that was what I thought thanks..well my chart says bullish so I took a big trade long at 135.70 so far loving it..
Dean

Quoting quecee5
It's 1hr support. . . Break there and we go to 4hr support - 135.20/134.90 area. . . If that breaks then back to support at 133.80/90 area
  • #218,058
  • Mar 11, 2010 7:39am Mar 11, 2010 7:39am
i just said:

- intra-week turned bullish @ 135.70; price is above weekly pvp (134.90) AND vwap (135.50), so we should be in "buy all dips" mode;
- intra-day is still bullish; daily vwap is @ 135.64, daily pvp is @ 135.80, price just had a bounce off these levels so still bullish.

as long as 135.64 is in place, daily candle is bullish; as long as 134.90 is in place, weekly candle is bullish.
i don't know where this is heading, resistances are from 138.40 to 141; but since we are in a major downtrend, it is safer to watch supports (see above) better than resistances.

Quoting JhonMonsalve
Scrat, what's your analysis on Geppy today?
Nihil Sine Deo.
  • #218,059
  • Mar 11, 2010 7:50am Mar 11, 2010 7:50am
Quoting Scrat
i just said:

- intra-week turned bullish @ 135.70; price is above weekly pvp (134.90) AND vwap (135.50), so we should be in "buy all dips" mode;
- intra-day is still bullish; daily vwap is @ 135.64, daily pvp is @ 135.80, price just had a bounce off these levels so still bullish.

as long as 135.64 is in place, daily candle is bullish; as long as 134.90 is in place, weekly candle is bullish.
i don't know where this is heading, resistances are from 138.40 to 141; but since we are in a major downtrend, it is safer to watch supports (see...
I'm agree, thanks Scrat, ten minutes to 1h candle close [Bullish engulfing so far]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,060
  • Mar 11, 2010 7:57am Mar 11, 2010 7:57am
Quoting JhonMonsalve
I'm agree, thanks Scrat, ten minutes to 1h candle close [Bullish engulfing so far]
I see bullish mode on, on 4h we had a false Shooting Star, b/c the no existence of upper wick in the prior candle, this 4h candle test the cross of 5 Sma & 50 Ema [Price above both of it] and bounce from there, RSX on 4h has more room to go up. I'd like to see a close of this candle above prior candle wick.

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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