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

  • #221,621
  • Apr 20, 2010 2:40pm Apr 20, 2010 2:40pm
Quoting fullhouse
USD/JPY chart...

H&S might be busy forming ,if we take out the high of 93.72 somewehre in the next session or in a coulpld of hours and then a retrace will happen to form the R shoulder at 92.50 ,, but then from there on ,i see 98- 101 somewehrre ...
I'm with you. Now for the patience part...
  • #221,622
  • Apr 20, 2010 2:45pm Apr 20, 2010 2:45pm
143.60/80 is actually very crucial for bears for a daily close below ,,daily close above would turn things upside down and then the H&S will play the role with a lower right shoulder ...


its now a waiting game to see if we get above 144.. if it happen then next week we will see 151 if we get a close above the neckline ..

if not then bears have a slight chance ,but im more now on the bulls side for a move to 151 ..

im still on the sideline

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  • #221,623
  • Apr 20, 2010 2:54pm Apr 20, 2010 2:54pm
Quoting fullhouse
143.60/80 is actually very crucial for bears for a daily close below ,,daily close above would turn things upside down and then the H&S will play the role with a lower right shoulder ...


its now a waiting game to see if we get above 144.. if it happen then next week we will see 151 if we get a close above the neckline ..

if not then bears have a slight chance ,but im more now on the bulls side for a move to 151 ..

im still on the sideline

I can see a final break out long to the 150 area over the next few weeks, but am happy to day trade for an easy 100 pips daily so we'll see...
  • #221,624
  • Apr 20, 2010 2:55pm Apr 20, 2010 2:55pm
or a safer option to buy above or sell below ..supp and ress

and we are right stuck in the middle of the range
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  • #221,625
  • Apr 20, 2010 2:58pm Apr 20, 2010 2:58pm
Quoting fullhouse
or a safer option to buy above or sell below ..supp and ress

and we are right stuck in the middle of the range


Agreed, we are in the middle of a range and the safer option would suit many who are in for the long haul...

To your success
tradingknowledge.info
  • #221,626
  • Apr 20, 2010 3:15pm Apr 20, 2010 3:15pm
here is another chart of what i see ,what might can happen...

its only speculation and so far so good...

we might form a inverted H&S on 1 hour with an ABC move and B the neckline and c the right shoulder ,,thats only if we take out the prev high at 143.90 , then C the right shoulder (same low as left shoulder ) is right at the 38.2 fib ...

AND IF A H&S RIGHT SHOULDER IS AT THE 38.2 AND NOT 50 OR 61.8 THE C LEG IS THE STEEPEST OF ALL FROM ALL h&s FORMATIONS AND THE TARGET IS ATLEAST THE 161.8 AND NOT LOWER AND THAT IS AT 149/151 SOMEWHERE ...

I CAN BE WAY OFF AND WRONG WITH ALL this anyilsis but thats how i see it and will play according to this ,,only if we take out a certain high ,otherwise we are still in bear camp ,but its a mess ..

so the high im look now is 143.90 to take out ,even with 1 pip and then a drop to 142.20 somewehre at 38.2 fib...

im off good night

good luck bears if you already short ! things can still turn around.. ill see tommorow whats next...
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  • #221,627
  • Apr 20, 2010 3:20pm Apr 20, 2010 3:20pm
UGH! Back to Gucc's clutter. Let me know when you buy all yen pairs Gucc, you're my contrarian indicator
check out my blog: forexmademillionaire dot com
  • #221,628
  • Apr 20, 2010 3:20pm Apr 20, 2010 3:20pm
One thing that is bothering me is the volume of this up move on UJ...It is zippo and decaying....

Also if you are looking at daily chart we are getting the compression of EMA's and generally before any major move in 1 direction you get a compresssion along with a fake breakout on the opposite side of the actual coming move....(last example: fall from 148)

I should say that I don't have eSignal feed and my volume coulf not be that great...Does anyone see otherwise on volume?
  • #221,629
  • Edited 3:38pm Apr 20, 2010 3:26pm | Edited 3:38pm
Is this a double top?

Daily hasn't confirmed it yet, but looks good on this 4 hr.
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  • #221,630
  • Apr 20, 2010 3:26pm Apr 20, 2010 3:26pm
Due to work commitments I didn't do an analysis this morning (UK time). So this is a belated quick view and a proper one should appear tomorrow lunch time - hopefully.

The bull run predicted in my previous M30 and H1 analysis went on a bit more then I expected and even caught me out. I am finding JPY difficult to interpret, for example the hourly CCI has been over 80 for more then 24 hours! What's pushing against this Yen??? The UK Election could be hung, possible 15+ Scottish MPs, inflation increases and the pound still goes up! Mmmm - very very strange.

Weekly: Bull forming towards late June.
Daily: Bearish pattern continuing until 24 April.
H8: Indecisive, but previous like pattern was bullish.
H4:indecisive
H2: Strong Bull signal
H1: Bull still running.
M30: Bear signals trying to connect, but not quite there.

The daily chart was the hardest to interpret. Remember, times the TF by 6 to 12 for these to work. ie. M30 = 30 minutes times 6 or 12 = 3 to 6 hours.

I've a small 0.1 lot short at 142.871 which is near my 50% fibb line.
  • #221,631
  • Apr 20, 2010 3:27pm Apr 20, 2010 3:27pm
Quoting Geppy
UGH! Back to Gucc's clutter. Let me know when you buy all yen pairs Gucc, you're my contrarian indicator
hey wannabe ill let you know ,,,send me your phone number so i can text you the fine details etc..pls
  • #221,632
  • Apr 20, 2010 3:30pm Apr 20, 2010 3:30pm
Quoting Geppy
UGH! Back to Gucc's clutter. Let me know when you buy all yen pairs Gucc, you're my contrarian indicator

so far im plus minus on a 8 to 14 std lots size entries ..so do your own calculations of wins/loss ratio's ..

so far i will be long at 141.95 ,but i will se 2 morrow !

enjoy ..
happy sweating !
  • #221,633
  • Apr 20, 2010 3:47pm Apr 20, 2010 3:47pm
Quoting Geppy
UGH! Back to Gucc's clutter. Let me know when you buy all yen pairs Gucc, you're my contrarian indicator

here is one clue on what is my entrie based on ... @ 142

morning star on daily ---close more than 60% of prev candle --bulls confirm ,,entry @ 141.95/ 142 ...
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  • #221,634
  • Apr 20, 2010 4:01pm Apr 20, 2010 4:01pm
I really appreciate the time that you took to explain how price correlates within the different time frames and how you used a very clear analogy using the bears and the bulls. In my learning procces I have not come across any book thus far that explains it in as clear detail as you.

As someone struggling to learn forex, I really appreciate it.

Please keep up the awesomeness.

Sincerely

Pair-me-up
Luck has no place in trading. Leave that for the poker table.
  • #221,635
  • Apr 20, 2010 4:13pm Apr 20, 2010 4:13pm
Quoting fullhouse
hey wannabe ill let you know ,,,send me your phone number so i can text you the fine details etc..pls
Yeah just want I want is Gucc having my phone number!! Bro crush much? I'd probably have to change my number.

But feel free to quote this post another 5 times, we all love it!
check out my blog: forexmademillionaire dot com
  • #221,636
  • Apr 20, 2010 4:18pm Apr 20, 2010 4:18pm
Quoting Geppy
Yeah just want I want is Gucc having my phone number!! Bro crush much? I'd probably have to change my number.

But feel free to quote this post another 5 times, we all love it!

hey,,cant you not try the min. act like an adult/proffesional on this forum and start agree and disagree in a better way ?? why acting like a kid with your handful experience ??

ill never start anyhing against you ..i only reqoute on your posts ..

pls bro... you might double your equity if we start agree/disagree and see the right and wrong side of every move of everyday..
  • #221,637
  • Apr 20, 2010 4:21pm Apr 20, 2010 4:21pm
yessir, guess it was a double top.
  • #221,638
  • Apr 20, 2010 4:26pm Apr 20, 2010 4:26pm
now second time spot on my idea 1st time 145 and this time 143.6.....you all guys and think to much 151 163 etc....happy trade,best regfards
  • #221,639
  • Apr 20, 2010 4:31pm Apr 20, 2010 4:31pm
now donot say anybody it is by luck...happy trade,best regards
  • #221,640
  • Apr 20, 2010 4:33pm Apr 20, 2010 4:33pm
here is a pattern on aud/jpy 4hour/daily im not familiar with ,,got no clue if its continueation or reverse,,but i know there is a pattern like this with higher highs and lower lows like this one..

if anyone know ..you can post ..

i think ,its continueation ..dont know ..
i dont see it much
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