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

  • #222,241
  • Apr 23, 2010 5:02am Apr 23, 2010 5:02am
So many people are shouting for Bear. Well we see what everyone sees and everyone sees what we see. The question is.. will they give us the money so easily? worth for a thought before marry to a bias direction.
Read the entire market, money is made on the main trend not the fluctuation
  • #222,242
  • Apr 23, 2010 5:16am Apr 23, 2010 5:16am
.... Greece has said what the rest of the World has known for weeks. They want to activate the Euro aid mechanism.
  • #222,243
  • Edited 5:37am Apr 23, 2010 5:21am | Edited 5:37am
while we wait for that break on gbp/jpy ..here is an interresting chart of gbp/chf ..

i posted yesterday that we are close to the ABC correction and UTL and backside TL and major RES level @ 1.6000 etc etc etc..

here is a 30 min chart ,where we clearly breakdown when we hit that ress and we busy forming a H&S pattern ..all signs are again all marked up with other signs like bearish engulfing and evening star on 4 hour charts both UK& US platforms ..

im watching the 61.8 @ 1.6589 level ..

its only my view and i might be waay off ,but so far so good with all the signs up there ! and 1.68 is also up there that we might test
Attached Image (click to enlarge)
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  • #222,244
  • Apr 23, 2010 5:25am Apr 23, 2010 5:25am
Quoting Kofmaster
So many people are shouting for Bear. Well we see what everyone sees and everyone sees what we see. The question is.. will they give us the money so easily? worth for a thought before marry to a bias direction.

with respect to your post, i think they are not shouting for the bear, probably they can feel the decline in strength of the bulls so bears try to get around. . .

peace mate.
The market will deceive you. Make your own judgement.
  • #222,245
  • Apr 23, 2010 5:32am Apr 23, 2010 5:32am
Quoting ninjafx
with respect to your post, i think they are not shouting for the bear, probably they can feel the decline in strength of the bulls so bears try to get around. . .

peace mate.
whatever you call it
Read the entire market, money is made on the main trend not the fluctuation
  • #222,246
  • Apr 23, 2010 5:44am Apr 23, 2010 5:44am
anybody believe in few hr GY will drop not less than 300pips
EY not less than 150pips...

let c what happen..
  • #222,247
  • Apr 23, 2010 5:49am Apr 23, 2010 5:49am
Quoting grashid
anybody believe in few hr GY will drop not less than 300pips
EY not less than 150pips...

let c what happen..
I think it will drop till 141.70 - "gambling time"....
let c who's the biggest bet...
or it went to 145.30
row row row your boat
  • #222,248
  • Apr 23, 2010 5:52am Apr 23, 2010 5:52am
some here watching the eur/gbp aswell ,,and we know its vice verca with the gbp/chf ,,as we can see the level of 76.8 fib of eur/gbp @ 0.8600 is so crucial for this triangle and that we might bounce from here all the way upto the 76.8 fib level @ 0.9230 ..

the tunring points in all triangles is at 76.8 or most use the 78.. im confused wich one,, might be 78 fib,but doesnt matter is close enough of each other ..

i will keep an eye on this pair aswell and will most likely jump in,in any minute with the bull bus and ride it up to the next 78/76.8 fib level ..

its again what i see 2day and are again all wrong ,,but candle patterns work 80% and for that who dont work ,,I USED A STOP ,,cut the loss and move on ..
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  • #222,249
  • Apr 23, 2010 5:55am Apr 23, 2010 5:55am
Quoting grashid
anybody believe in few hr GY will drop not less than 300pips
EY not less than 150pips...

let c what happen..
if it wasnt friday and for all crap from greece i probably wouldnt believe, but now anything is possible and It looks like Geppy is setting up for something major, and as it looks like a distributioin at the top, most likely it will fall, but then again if everyone expects it to drop it may actually fly

pound seems to be sold everytime it reaches 1.5380 so it could lead the way....
  • #222,250
  • Apr 23, 2010 6:05am Apr 23, 2010 6:05am
sorry!!!

but this is my last post of an off topic chart..

i just love trading H&S patterns ..and all other

look at eur/aud 1 hour
Attached Image (click to enlarge)
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  • #222,251
  • Apr 23, 2010 6:13am Apr 23, 2010 6:13am
time will tell us who is the winner.... bull or bear... hahaha...
row row row your boat
  • #222,252
  • Apr 23, 2010 6:42am Apr 23, 2010 6:42am
well UJ is rallying now (

could it be a shakeout of weak shorts and they it will join forces with GU and collapse together ?

Anyways short at 144.06 with 40pips SL
  • #222,253
  • Apr 23, 2010 6:43am Apr 23, 2010 6:43am
is it time to add more shorts ??

my balls is to small ,,i cant
  • #222,254
  • Edited 6:49am Apr 23, 2010 6:47am | Edited 6:49am
gj1w
Attached Image
  • #222,255
  • Apr 23, 2010 6:49am Apr 23, 2010 6:49am
This case is just like 1 week ago at friday. 1 last push before resume bear. Maybe I'm wrong...
Read the entire market, money is made on the main trend not the fluctuation
  • #222,256
  • Apr 23, 2010 6:50am Apr 23, 2010 6:50am
Quoting lexazver
well UJ is rallying now (

could it be a shakeout of weak shorts and they it will join forces with GU and collapse together ?

Anyways short at 144.06 with 40pips SL
well done. Nice R:R
GL
Read the entire market, money is made on the main trend not the fluctuation
  • #222,257
  • Apr 23, 2010 6:51am Apr 23, 2010 6:51am
lets finished it off with a tripple top on this friday ...
  • #222,258
  • Apr 23, 2010 6:52am Apr 23, 2010 6:52am
So many sell limit order at 144.15..
Read the entire market, money is made on the main trend not the fluctuation
  • #222,259
  • Apr 23, 2010 6:57am Apr 23, 2010 6:57am
Long-term economic decline means debt repayment estimations are incorrect.

They need to be revised down… real growth is real GDP minus the increase in debt.

0.2% growth, yet debt increased by how much of real GDP.

This time last year was the apparent ‘bottom’ of the recession – yes, recession.
Today we are given a figure that purports to show a recovery. Well, when I look at it from a non-political spin point of view, we are 0.3% down from where we were this time last year – I hope my figures are correct.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #222,260
  • Apr 23, 2010 6:57am Apr 23, 2010 6:57am
Quoting Kofmaster
well done. Nice R:R
GL

it would be nice if i get the reward and not the risk
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