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

  • #222,641
  • Apr 27, 2010 2:47pm Apr 27, 2010 2:47pm
Quoting Geppy
DOW headed for session lows... should be a nice setup for a sequel tomorrow
I hope so ... I could care less for the direction of GJ frankly ... 300 pips today on GY is wonderful - it retraced the last 6 days of rises! (Although am still looking for a nice optimistic pre-election drive to 144/147/149) Also check EURUSD - 220+ pips straight down - gotta check my charts, but my 3-monitor wode 1+yr view doesn't show an uglier bar; given the reality that's starting to set in, it'll break 1.3 in the next few weeks (days?) easily - word in the market is there are almost no buying offers until it gets there - the skeleton closet is opening ... !
  • #222,642
  • Apr 27, 2010 2:54pm Apr 27, 2010 2:54pm
Can we just recognize that we're engulfing 6 days of bullish gains right now with just today's move!

And DOW just pierced 11,000.
check out my blog: forexmademillionaire dot com
  • #222,643
  • Apr 27, 2010 2:59pm Apr 27, 2010 2:59pm
look where last month closed. and until we get a new monthly close in place, that one is the last important s/r level to watch.

i will post a chart when i get some time.

Quoting fullhouse
How and where do you get 135.60 ? A bounce at 137 /137.30 will be enormous before we get to that low ? -
Nihil Sine Deo.
  • #222,644
  • Apr 27, 2010 3:04pm Apr 27, 2010 3:04pm
Quoting Scrat
look where last month closed. and until we get a new monthly close in place, that one is the last important s/r level to watch.

i will post a chart when i get some time.

thnx
  • #222,645
  • Apr 27, 2010 3:06pm Apr 27, 2010 3:06pm
Quoting Scrat
look where last month closed. and until we get a new monthly close in place, that one is the last important s/r level to watch.

i will post a chart when i get some time.
You must be referencing February's close? Last month's definitely wasn't in the 135 zone.
check out my blog: forexmademillionaire dot com
  • #222,646
  • Apr 27, 2010 3:11pm Apr 27, 2010 3:11pm
who is long now ???

i reverse my short to long ... hope not a bad decision of all time.. im confidance that we will see 143.28 atleast ,,cant watch this 100 pip move up and keep watching it ..why not reverse it and then do a proper short at 143.28 - 144... lets see
  • #222,647
  • Apr 27, 2010 3:14pm Apr 27, 2010 3:14pm
yea! sorry... yes, february close! 135.53.

Quoting Geppy
You must be referencing February's close? Last month's definitely wasn't in the 135 zone.
Nihil Sine Deo.
  • #222,648
  • Apr 27, 2010 3:14pm Apr 27, 2010 3:14pm
i took a long @ 141.65... it should be good for about 200 pips... or so.

strong support @ 141.85/55; first important resistance @ 143.50. this is the range for now, until we see a break either way.

Quoting fullhouse
who is long now ???

i reverse my short to long ... hope not a bad decision of all time.. im confidance that we will see 143.28 atleast ,,cant watch this 100 pip move up and keep watching it ..why not reverse it and then do a proper short at 143.28 - 144... lets see
Nihil Sine Deo.
  • #222,649
  • Apr 27, 2010 3:20pm Apr 27, 2010 3:20pm
Quoting Scrat
i took a long @ 141.65... it should be good for about 200 pips... or so.

strong support @ 141.85/55; first important resistance @ 143.50. this is the range for now, until we see a break either way.

gothcha
  • #222,650
  • Apr 27, 2010 3:37pm Apr 27, 2010 3:37pm
while we sit and wait aagin for gbp/jpy to get upto where we want it to,,here is an off topic chart...

the more i look and wait for it to enter ,the more it convince me that its an ENORMOUS ENTRY FOR SHORT ..the gbp/chf ...

look at a possible scenario it might go and do an H&S pattern ..

all signs is there that we will move lower ,but will it go that far to the neckline and do a possible H&S ??

4 hour divergance is playing out now and it is his last leg up ..my sell order sit right at prev high and will play according to this H&S pattern i see ..

its huge !
Attached Image (click to enlarge)
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  • #222,651
  • Apr 27, 2010 3:45pm Apr 27, 2010 3:45pm
Why 143.50?????????

Quoting Scrat
i took a long @ 141.65... it should be good for about 200 pips... or so.

strong support @ 141.85/55; first important resistance @ 143.50. this is the range for now, until we see a break either way.
  • #222,652
  • Apr 27, 2010 3:49pm Apr 27, 2010 3:49pm
because that's where most intense activity happened during last 24 hours.
also, consider this:
- we reached an important monthly level - 141.87;
- configuration on h1 shows that we have a (temporary) bottom for now...
time for retracement, or consolidation.

Quoting uncletrumpet
Why 143.50?????????
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_pvp.gif Size: 21 KB
Nihil Sine Deo.
  • #222,653
  • Apr 27, 2010 3:57pm Apr 27, 2010 3:57pm
Hi master, I measured it and i can see that tomorrow's pivot will be around there for tomorrow.

But sir dont you think for us to go long is not too early? Can price go to test that support level around the asian session?

Quoting Scrat
because that's where most intense activity happened during last 24 hours.
  • #222,654
  • Apr 27, 2010 4:01pm Apr 27, 2010 4:01pm
i don't know... you have to evaluate your mm. it might go up, or it might just consolidate at current level. i already moved stop @ b/e, so it's a free ride for me IF we go there.

by the way, trading day is coming to a close in one minute. today's close will be another important level to watch in the coming hours.

p.s. and please don't call me master... i feel uncomfortable.

Quoting uncletrumpet
Hi master, I measured it and i can see that tomorrow's pivot will be around there for tomorrow.

But sir dont you think for us to go long is not too early? Can price go to test that level around the asian session?
Nihil Sine Deo.
  • #222,655
  • Apr 27, 2010 4:05pm Apr 27, 2010 4:05pm
Day close at 142.33, lets see what happens from here, the daily gann is struggling to hold back the daily candle, in this case the support is valid and we are headed for a strong pull back. And the QQE is showing oversold on the hourly chart.
Any one saying something
  • #222,656
  • Apr 27, 2010 4:10pm Apr 27, 2010 4:10pm
daily chart is always doing what monthly and weekly are saying. look at them for more clues about main direction.

Quoting uncletrumpet
Day close at 142.33, lets see what happens from here, the daily gann is struggling to hold back the daily candle, in this case the support is valid and we are headed for a strong pull back. And the QQE is showing oversold on the hourly chart.
Any one saying something
Nihil Sine Deo.
  • #222,657
  • Apr 27, 2010 4:10pm Apr 27, 2010 4:10pm
Quoting Scrat
i don't know... you have to evaluate your mm. it might go up, or it might just consolidate at current level. i already moved stop @ b/e, so it's a free ride for me IF we go there.

by the way, trading day is coming to a close in one minute. today's close will be another important level to watch in the coming hours.

p.s. and please don't call me master... i feel uncomfortable.
master...

new DPP = 143.13
WPP = 142.88

nice analysis today with waps mate.. thnsk
  • #222,658
  • Apr 27, 2010 4:11pm Apr 27, 2010 4:11pm
Quoting Scrat
i don't know... you have to evaluate your mm. it might go up, or it might just consolidate at current level. i already moved stop @ b/e, so it's a free ride for me IF we go there.

by the way, trading day is coming to a close in one minute. today's close will be another important level to watch in the coming hours.

p.s. and please don't call me master... i feel uncomfortable.

does it actually matter now where the daily close ?? we already engulf 5 prev daily candles ? thats more than enough signs that we heading lower ..the bulls did try hard for 5 days to get upto 146,then we reverse all their hard work in 1 day ?? as long as we close below 144/145 ? .. whts you dayily close for bear contniueation ?
  • #222,659
  • Apr 27, 2010 4:18pm Apr 27, 2010 4:18pm
We need to enter at this level cause the price will bounce at this level.the price is really oversold except we have a bearish divergence forming. Does anyone see anything like divergence forming at all?
  • #222,660
  • Apr 27, 2010 4:18pm Apr 27, 2010 4:18pm
YES it matters.

any close is important, and daily close is a short term s/r level that provides very good entry points when correlated with main direction of trend, i already explained it to you why. put it on your chart as an horizontal line and then watch what happens when price comes close to it.

as for engulfing... true, BUT again, we must see some turning signs from higher timeframes. as of now, we have a daily close BELOW last weekly close (144.45) so bears set foot again in bulls territory. but we have last monthly close that is holding for now, so i expect some kind of rebound from here.

Quoting fullhouse
does it actually matter now where the daily close ?? we already engulf 5 prev daily candles ? thats more than enough signs that we heading lower ..the bulls did try hard for 5 days to get upto 146,then we reverse all their hard work in 1 day ?? as long as we close below 144/145 ? .. whts you dayily close for bear contniueation ?
Nihil Sine Deo.
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