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

  • #219,061
  • Mar 22, 2010 4:17am Mar 22, 2010 4:17am
Quoting Raza
4 hR SEEMS BULLISH...VERY Bullish...IMO....

http://www.forexfactory.com/showthre...28#post3507628

http://www.forexfactory.com/showthre...43#post3507943
I agree, H4 is oversold how keep in mind that PA has once again fallen under the UTL and D1 is still in bear bias territory. Perhaps a small retracement before another leg down.
  • #219,062
  • Mar 22, 2010 4:21am Mar 22, 2010 4:21am
Quoting Eulogy
I agree, H4 is oversold how keep in mind that PA has once again fallen under the UTL and D1 is still in bear bias territory. Perhaps a small retracement before another leg down.
And 1 Hr is about to go Bearish....??? and 4 Hr Currently sitting at KUMO support( ichimuko Cloud)..may be HD may happen...?

I think it all depends on U/J which has been in Crazy range for more than 2 weeks...

I see Upside...for a long time...

Time for some wolf wave....
Markets are not Random, they are designed!
  • #219,063
  • Mar 22, 2010 4:24am Mar 22, 2010 4:24am
Quoting Raza
4 hR SEEMS BULLISH...VERY Bullish...IMO....

http://www.forexfactory.com/showthre...28#post3507628

http://www.forexfactory.com/showthre...43#post3507943
136.80 needs to be tested at some stage, but downward pressure seems greater than any buying right now IMO.

There was some bullish divergence on the 30m and 1hr charts which have 'officially' played out. Now, there is some bearish divergence in play...

Let's see.
  • #219,064
  • Mar 22, 2010 4:33am Mar 22, 2010 4:33am
Quoting ukdaytrader
136.80 needs to be tested at some stage, but downward pressure seems greater than any buying right now IMO.

There was some bullish divergence on the 30m and 1hr charts which have 'officially' played out. Now, there is some bearish divergence in play...

Let's see.
Yes...I hr has bearish Divergence.

But 4 Hr Pin Bar...... also OS levels.....

Looks like a H&S happening as well....

Its a Tricky one...I will put money towards the unexpected....
Markets are not Random, they are designed!
  • #219,065
  • Mar 22, 2010 5:07am Mar 22, 2010 5:07am
Ok I see what happened. Went up too fast. So gbp/jpy will have to come down or the upside will be rough ride and won't go up too far. Dam wrecks my whole trade plan.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #219,066
  • Mar 22, 2010 6:47am Mar 22, 2010 6:47am
Quoting england33
wow firming up fast. could gj actually be going up from here?
Nice chart looks like a H&S play and I don't even play these patterns. . .

. . . Don't think we will see any significant down move to ar'd March 26th so ranging until then but could dip to as low as 134.50/133.80 area. . .
  • #219,067
  • Mar 22, 2010 6:50am Mar 22, 2010 6:50am
Quoting Raza
Yes...I hr has bearish Divergence.

But 4 Hr Pin Bar...... also OS levels.....

Looks like a H&S happening as well....

Its a Tricky one...I will put money towards the unexpected....
I like your thought process. . .

Could see 137.50'ish area by Wed/Thurs but remember there will be an announcement ar'd March 25th/26th regarding the whole Greece situation that could send the market in a tale spin. And the fact that we are approaching month end could add some momentum either way. . .
  • #219,068
  • Mar 22, 2010 6:54am Mar 22, 2010 6:54am
Quoting quecee5
Nice chart looks like a H&S play and I don't even play these patterns. . .

. . . Don't think we will see any significant down move to ar'd March 26th so ranging until then but could dip to as low as 134.50/133.80 area. . .
I'm thinking it will dip after looking at the weekly. could go lower that 133 if buyers don't start stepping up.
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #219,069
  • Mar 22, 2010 6:54am Mar 22, 2010 6:54am
Quoting ukdaytrader
OK, flirting with the final LTL to gateway lower.
Let's see where the 4hr close is....

chart
Attachment
That area was also another test of daily gann support. . . If we bounce this time then H&S may play out so today's close will important to the downside or upside. . .

I have a feeling we're going to see some dips but ranging for the next few days. . .

Also we may see some rallying in NY due to the whole Health Care bill passing. . . Once Obama signs the bill could see some rallying just because. . .
  • #219,070
  • Mar 22, 2010 6:56am Mar 22, 2010 6:56am
eur/gbp..

for some who did catch this one,ive posted over the weekend ..
happy pipping !..
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  • #219,071
  • Mar 22, 2010 6:58am Mar 22, 2010 6:58am
Quoting england33
I'm thinking it will dip after looking at the weekly. could go lower that 133 if buyers don't start stepping up.
Agreed - down is definitely the pathway and weekly is pointing to a break of the low. . . But lets see if we gets some ranging before then - need something to fuel the fire. . .

The weekly sure speaks for itself. . . Naked chart for u. . .
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  • #219,072
  • Mar 22, 2010 7:00am Mar 22, 2010 7:00am
Quoting quecee5
Agreed - down is definitely the pathway and weekly is pointing to break of the low. . . But lets see if we gets some ranging before then - need something to fuel the fire. . .

The weekly sure speaks for itself. . . Naked chart for u. . .
here's my weekly
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #219,073
  • Mar 22, 2010 7:03am Mar 22, 2010 7:03am
Quoting england33
here's my weekly
Nice. . .

Also have a look at the monthly with those same Bollinger Bands. . .
Would keep an eye out on that as well. . . Month end is drawing near.

  • #219,074
  • Mar 22, 2010 7:12am Mar 22, 2010 7:12am
It has been quiet for UJ a long time.
Wouldn't be surprised to see some volatility comming days, preferred side down.

H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #219,075
  • Mar 22, 2010 7:16am Mar 22, 2010 7:16am
Quoting quecee5
Nice. . .

Also have a look at the monthly with those same Bollinger Bands. . .
Would keep an eye out on that as well. . . Month end is drawing near.

In looking at in monthly price is below my linear weighted 18ma. Still bearish. Wow if monthly picks up this could tank. So far not enough selling and there's a decision bar so it's hard to say.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #219,076
  • Mar 22, 2010 7:17am Mar 22, 2010 7:17am
for some who trade supp breakouts ..here you go !

gbp/jpy struggle a bit,but still looks for a test of 133.50/75 coming sessions!
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  • #219,077
  • Mar 22, 2010 7:20am Mar 22, 2010 7:20am
I'm going back to scalping. missed 3 moves in a row. i'll just use tight stop and go 50/50 ie 20pip sl for 20 pips with my skill i'll come out ahead. I'm tired of waiting for something big to develop. I better get another signal now that I say that lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #219,078
  • Mar 22, 2010 7:23am Mar 22, 2010 7:23am
Quoting crazy horse
for some who trade supp breakouts ..here you go !

gbp/jpy struggle a bit,but still looks for a test of 133.50/75 coming sessions!
yah man, struggle or what, tell me about it.
  • #219,079
  • Mar 22, 2010 7:34am Mar 22, 2010 7:34am
Quoting england33
In looking at in monthly price is below my linear weighted 18ma. Still bearish. Wow if monthly picks up this could tank. So far not enough selling and there's a decision bar so it's hard to say.
Great discussion and I agree the only way I'm convinced that we are not headed extremely lower is if we break out of that channel on a weekly basis. . .

Right now we are in a no trade zone and 136 will be the key to the upside for a test of the daily pivot perhaps which lies ar'd 136.50/60 area. . .

Let see if they want to take a look but should be plenty of sellers up there
and max res should lie ar'd 137'ish area with a spike up to 137.40 if we get there and that is a "BIG" if. . .
  • #219,080
  • Mar 22, 2010 7:37am Mar 22, 2010 7:37am
Something to keep in mind. . .

We just tested the daily gann support and we bounced off last week low at 135.15 area so we may need more momentum to break thru that area. . .

Just something to think about which I know you area!
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