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

  • #218,901
  • Mar 19, 2010 10:22am Mar 19, 2010 10:22am
Added small longs here hoping it as end of Wave 4. Stop loss 135.00. Will set target as we move up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy.gif Size: 29 KB
  • #218,902
  • Mar 19, 2010 10:25am Mar 19, 2010 10:25am
the trend lines- or uptrend, was just bear flag,,cause there isn't such a thing as an up trend in a down trend, so now we go down, i think ill buy at 120 though, it should be good for a quick bounce, (maybe)

and if really 132 was the bottom, it would have bounced better than a 3-week (weak) bull trend

(disclaimer: just thoughts)
  • #218,903
  • Mar 19, 2010 10:54am Mar 19, 2010 10:54am
Quoting Clouds
the trend lines- or uptrend, was just bear flag,,cause there isn't such a thing as an up trend in a down trend, so now we go down, i think ill buy at 120 though, it should be good for a quick bounce, (maybe)

and if really 132 was the bottom, it would have bounced better than a 3-week (weak) bull trend

(disclaimer: just thoughts)
That was my concern should have been impulsive and closed nicely above 139.30/40 area. . .

However, the pattern is still somewhat suspect IMO - even with this move lower if we close like this we have still put in a higher low for the week. . . and the weekly is still bullish - this would mean we failed to take out last weeks low. . . and that is suspect IMO. . .

Still we have to see how it closes today which will be very important going into next week trading session. . .
  • #218,904
  • Mar 19, 2010 11:02am Mar 19, 2010 11:02am
Quoting quecee5
That was my concern should have been impulsive and closed nicely above 139.30/40 area. . .

However, the pattern is still somewhat suspect IMO - even with this move lower if we close like this we have still put in a higher low for the week. . . and the weekly is still bullish - this would mean we failed to take out last weeks low. . . and that is suspect IMO. . .

Still we have to see how it closes today which will be very important going into next week trading session. . .
it's below 20/40 EMA's on monthly, weekly and daily.. momentum is down on monthly... the only thing that could get GJ to change trends, could "maybe be" a strong move down into 60-70ish or something, then a huge buying spree, breaking through 100- then 150- and up.. just a thought
  • #218,905
  • Mar 19, 2010 11:05am Mar 19, 2010 11:05am
Quoting Clouds
it's below 20/40 EMA's on monthly, weekly and daily.. momentum is down on monthly... the only thing that could get GJ to change trends, could "maybe be" a strong move down into 60-70ish or something, then a huge buying spree, breaking through 100- then 150- and up.. just a thought

Let me ask you a question? where is your daily gann sitting? Price wise?
  • #218,906
  • Mar 19, 2010 11:16am Mar 19, 2010 11:16am
Quoting quecee5
Let me ask you a question? where is your daily gann sitting? Price wise?
dont have that on my charts. other than trend lines, i'll look at EMA's, which 20/40 on daily are 137.28/139.2
  • #218,907
  • Mar 19, 2010 11:23am Mar 19, 2010 11:23am
Quoting Clouds
dont have that on my charts. other than trend lines, i'll look at EMA's, which 20/40 on daily are 137.28/139.2
okay I see. . .
  • #218,908
  • Mar 19, 2010 11:29am Mar 19, 2010 11:29am
oh... shy of only 6 pips what i mentioned yesterday,, eur /usd is indeed forming a H&S , .. eur/jpy also busy with one and as i can see gbp/jpy also topped out ..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h&s 123.jpg Size: 119 KB
  • #218,909
  • Mar 19, 2010 11:33am Mar 19, 2010 11:33am
Quoting crazy horse
oh... shy of only 6 pips what i mentioned yesterday,, eur /usd is indeed forming a H&S , .. eur/jpy also busy with one and as i can see gbp/jpy also topped out ..
Here we go...
check out my blog: forexmademillionaire dot com
  • #218,910
  • Mar 19, 2010 11:37am Mar 19, 2010 11:37am
gbp/jpy go as planned ... still another 100 pips to go to 134.75/84 ,where it will bounce from there to 138... eur/jpy the same view as gbp/jpy.

gbp/jpy topped and we will see next week a steady bounce back up to 138 to form the right shoulder !
  • #218,911
  • Mar 19, 2010 11:37am Mar 19, 2010 11:37am
OMG..I check the posts and GUCC is still here..

You never give up posing your sorry setups..



Quoting Geppy
Here we go...
[
  • #218,912
  • Mar 19, 2010 11:40am Mar 19, 2010 11:40am
lmao...

Quoting rgitt05
OMG..I check the posts and GUCC is still here..

You never give up posing your sorry setups..

Annoying Precision
  • #218,913
  • Mar 19, 2010 11:44am Mar 19, 2010 11:44am
Quoting Geppy
Here we go...

yip if you did followed you could make a killing 2day..eur/jpy/ gbp/jpy and eur/usd ..

i banked my 12000$ and its still going ..

have a good weekend ..

BUY EUR/USD IF IT GET TO 1.3494 to 1.3725 .

buy eur/jpy @ 121.35 or keep selling to 121.35

buy gbp/jpy 134.65/75 or keep selling to 134.65/75..

stay the same as yesterday ..
  • #218,914
  • Mar 19, 2010 11:50am Mar 19, 2010 11:50am
Quoting crazy horse
yip if you did followed you could make a killing 2day..eur/jpy/ gbp/jpy and eur/usd ..

i banked my 12000$ and its still going ..

have a good weekend ..

BUY EUR/USD IF IT GET TO 1.3494 to 1.3725 .

buy eur/jpy @ 121.35 or keep selling to 121.35

buy gbp/jpy 134.65/75 or keep selling to 134.65/75..

stay the same as yesterday ..
i hate that word....! the 'buy'' word.

have a good weekend!
  • #218,915
  • Mar 19, 2010 11:54am Mar 19, 2010 11:54am
Quoting Clouds
i hate that word....! the 'buy'' word.

have a good weekend!

you are ok,,you selled at top and you will killed it .. i did also at the confluence area @139.16 ,but i will load most of at 134.75 and reload again at 138
  • #218,916
  • Mar 19, 2010 12:01pm Mar 19, 2010 12:01pm
Quoting crazy horse
you are ok,,you selled at top and you will killed it .. i did also at the confluence area @139.16 ,but i will load most of at 134.75 and reload again at 138
well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...
  • #218,917
  • Mar 19, 2010 12:13pm Mar 19, 2010 12:13pm
Quoting Clouds
well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...
Seems to me on such low volume they can take price where ever they want it at this point. . . It could go anywhere. . .

But it strange to me that price stopped right at the daily gann to the pip - something to think about and again the daily close will be important for the coming week. . .

A daily close above 136 will not bold well for shorting next week. . . and looking at the pattern from 139-135.50 it looks corrective. . .

But lets see where it closes today 136 to be or 136 not be. . . above 136 we could see a gap open 50 pips or so up below 136 and 135 is the target initially. . .
  • #218,918
  • Mar 19, 2010 12:13pm Mar 19, 2010 12:13pm
Quoting Geppy
Here we go...
I know. He (Gucc) kinda reminds of this guy for some reason:

http://i174.photobucket.com/albums/w...1419/joker.jpg

It would a be cool avatar.
  • #218,919
  • Mar 19, 2010 12:17pm Mar 19, 2010 12:17pm
Quoting Clouds
well, careful with longs imo. it may go up to 136.39, and turn down, , next week should be interesting - eu broken bear flag, gj broken bear flag, ect...

im short bias ,, but we will pause at 134.75/85 and we might be in for a bounce back up all the way to 138 max ..i keep stay short but will load 80% off at 134.75..thats how i see it ..
  • #218,920
  • Mar 19, 2010 12:19pm Mar 19, 2010 12:19pm
Quoting crazy horse
im short bias ,, but we will pause at 134.75/85 and we might be in for a bounce back up all the way to 138 max ..i keep stay short but will load 80% off at 134.75..thats how i see it ..
Anyone care to write up a contrarian EA on Gucc's posts? Could be lucrative
check out my blog: forexmademillionaire dot com
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