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

  • #222,721
  • Apr 27, 2010 11:19pm Apr 27, 2010 11:19pm
Quoting ngiler
I think 142.65 is strong resistance.... yesterday Geppy test it and doesn't broke, now test it again and I'm not sure whether it will break or not. Even though my chart says it will hit 143.3

Have a Great Weekend Guys =)
? its wednesday mate

Is your houseboat anchored on either side of the international date line?

Hell even that won't work........
  • #222,722
  • Apr 27, 2010 11:32pm Apr 27, 2010 11:32pm
hi folks
Just subscribing. I am a big fan of the beast.
Our AWESOME IMAGINATION is the true holy grail!
  • #222,723
  • Apr 27, 2010 11:39pm Apr 27, 2010 11:39pm
eyes seeing 140.90 i think, strong support as well, if can't be breached downwards, back to 145 imo.
  • #222,724
  • Apr 27, 2010 11:52pm Apr 27, 2010 11:52pm
Quoting Eulogy
? its wednesday mate

Is your houseboat anchored on either side of the international date line?

Hell even that won't work........

now...that is hilarious
  • #222,725
  • Apr 28, 2010 12:09am Apr 28, 2010 12:09am
So far, the pitchfork indicator has stood the test; bouncing @ the bottom and moving up. My limit is just below the new pivot 143.84. The chart I posted before was a little off, so I revised it. This is on the 2hr. Profitable trading, ya'll!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 105 KB
  • #222,726
  • Apr 28, 2010 12:20am Apr 28, 2010 12:20am
Quoting Myrza
now...that is hilarious
eh today is not friday?
my bad my bad....!!!
i wish today is friday... saturday no class... haizz
row row row your boat
  • #222,727
  • Apr 28, 2010 12:54am Apr 28, 2010 12:54am
Quoting ngiler
eh today is not friday?
my bad my bad....!!!
i wish today is friday... saturday no class... haizz

jam karet ..no problem bro
  • #222,728
  • Apr 28, 2010 1:02am Apr 28, 2010 1:02am
@Myzra
hahaha.... dont be like tat lar... I'm trying my best to be focus on my study.... (Malaysian Reason)... hahaha... Fuyoooo..!!
out of topic: finding ppl to go to Ipoh to eat chicken rice...

Back to topic... again it drops to 141.92 again and rising up again to 142.20.... Maybe need to wait US and UK market then the view will be clearer
row row row your boat
  • #222,729
  • Apr 28, 2010 1:14am Apr 28, 2010 1:14am
When price hits a support or resistance, it does either of these two. It bounces of in reversal or pullback or the volatility in that direction is dissipated. But you need to look out for major things like if you are on a very strong resistance or support level. we look out for if news or some fundamental issue could help us to cross where we are stopped out.

But for now 141.87 is still holding. Even the 4 hour candle could not break it and the market is already oversold.

Quoting PandoraBox
The important thing if we want to play this game is..... We need to know How to predict reversal pattern....

So which Time Frame could help us to predict reversal movement....?

Which Candle Could help us...?

Which MA Could help us....?

Trend Line could help us?



Still learning how to predict major reversal....
  • #222,730
  • Apr 28, 2010 1:17am Apr 28, 2010 1:17am
Do you believe in pullback? do u believe in correction and consolidation? Market does not move in a straight line. it moves with a wave-like process.
And prices moves by bouncing, we have just bounced of a support level we would bounced back at a strong resistance or cross over to the bull domain. Lets see what happens from here.
All I just got to say is that I believe that market will pull back by at least 100 pips lets see what London session would do!!!!

Quoting PandoraBox
Bro...any drop might limit to certain support ...

139.30..previous support.

136... Weekly Gann.

132.... previous low...
  • #222,731
  • Apr 28, 2010 1:19am Apr 28, 2010 1:19am
Quoting fullhouse
the sooner we can get in closer to the high of 146 the better we in position ..its like poker ..play your possition (the button) ..then more we had control on this downmove ..then you can start buffing the bulls etc ... we might run inbetween 140 and 146 for another week,,but THE TOP IS IN PLACE @ 146..above that then its 150 to 160 ... if you can afford a stop above 146 its then time to short,,if not then wait for 144 or higher ...

[b]ill wait for a closer move to 144 then i start short for SWING TRADE .target LOW 132 ,even lower...

I coudnt explain it better....Im actually hedged...will take as much profit on uptend I have averaging long ppositions starting from 142.04 target is 143.90 I know...seems higher for many expert chartist here but I think we can reach it and the short heavy to 132 or evn 128.

best of luck for everyone
  • #222,732
  • Apr 28, 2010 1:20am Apr 28, 2010 1:20am
For now UJ is going to test 93.42 this the Month close of March if crosses then the bears could take a break.

Quoting PandoraBox
Based on your chart, look like you predicting GJ will drop. As I mention earlier....

How to determine reversal pattern at Major TF....

Your are using Trend line...but we have thousand indicator.....different indicator might give different indication.

But GJ drop below 118 is impossible. If you really want GJ drop below 118, you need to 'push' UJ and GU below 85 and 1.350
  • #222,733
  • Apr 28, 2010 1:28am Apr 28, 2010 1:28am
going up slowly?
30 mins before London open....

http://www.forexfactory.com/attachme...1&d=1272436074
Attached Image (click to enlarge)
Click to Enlarge Name: slow and steady.JPG Size: 45 KB
row row row your boat
  • #222,734
  • Apr 28, 2010 1:56am Apr 28, 2010 1:56am
true.
however, keep in mind that an h4 candle is irrelevant when compared to a monthly level like 141.87. not even a daily candle is strong enough... although sometimes will do it.
for monthly levels, you need to watch at weekly p.a.; for weekly levels, you need to watch daily p.a.; and for daily levels you might go with h4 p.a., although intraday trends are somehow easy to manipulate.

Quoting uncletrumpet
When price hits a support or resistance, it does either of these two. It bounces of in reversal or pullback or the volatility in that direction is dissipated. But you need to look out for major things like if you are on a very strong resistance or support level. we look out for if news or some fundamental issue could help us to cross where we are stopped out.

But for now 141.87 is still holding. Even the 4 hour candle could not break it and the market is already oversold.
Nihil Sine Deo.
  • #222,735
  • Apr 28, 2010 1:57am Apr 28, 2010 1:57am
Tonite we dine in PIPS This is as easy as it gets. I'd say 139.50 by US close tomorrow. Who wants to get rich! Too easy!!
  • #222,736
  • Apr 28, 2010 2:03am Apr 28, 2010 2:03am
Long @ 141.90 on LTL
SL @ 141.50
TP open
Don't be a hero. Don't have an ego. Always question yourself
  • #222,737
  • Apr 28, 2010 2:04am Apr 28, 2010 2:04am
What is h4 p.a and weekly p.a?
Quoting Scrat
true.
however, keep in mind that an h4 candle is irrelevant when compared to a monthly level like 141.87. not even a daily candle is strong enough... although sometimes will do it.
for monthly levels, you need to watch at weekly p.a.; for weekly levels, you need to watch daily p.a.; and for daily levels you might go with h4 p.a., although intraday trends are somehow easy to manipulate.
  • #222,738
  • Apr 28, 2010 2:06am Apr 28, 2010 2:06am
What the...why is it not moving?

London really having that difficult a time going long?

Long @ 141.99
  • #222,739
  • Apr 28, 2010 2:08am Apr 28, 2010 2:08am
At 1.5237 that was the level it broke just now its the GU's monthly close of February and GJ wants to follow but the resistance of 141.87 of the beast wont allow. I suppose??????
  • #222,740
  • Apr 28, 2010 2:12am Apr 28, 2010 2:12am
p.a. = price action.
Quoting uncletrumpet
What is h4 p.a and weekly p.a?
Nihil Sine Deo.
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