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

  • #222,781
  • Apr 28, 2010 6:46am Apr 28, 2010 6:46am
i think we have more resistances here than support
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  • #222,782
  • Apr 28, 2010 7:05am Apr 28, 2010 7:05am
Hi you lot! I,ve been watching your games for some time and finding it all quite fascinating.
I'm an old fart and have been playing with forex for a while without much success but the learning process is often painful! I find all your interactions very informative but most of the 'witchcraft' is way over my head so if I sometimes come in with daft questions please answer them simply!
  • #222,783
  • Apr 28, 2010 7:19am Apr 28, 2010 7:19am
Quoting JhonMonsalve
Agreed, thanks, we're sitting around 618 FL from last up move, let's see if can hold it!

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Pullback or bullish continuation?

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We're bouncing from 618 FL from 139 - 146 move...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222,784
  • Apr 28, 2010 7:42am Apr 28, 2010 7:42am
Shorting UJ @ 94.00
SL @ 94.5
TP @ 92.70

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Don't be a hero. Don't have an ego. Always question yourself
  • #222,785
  • Apr 28, 2010 7:49am Apr 28, 2010 7:49am
142.6 now is broken , a support to me now. I'm targeting 144 from here.

edit: Price going up with raising volume, Don't suspect too much
Read the entire market, money is made on the main trend not the fluctuation
  • #222,786
  • Apr 28, 2010 7:49am Apr 28, 2010 7:49am
I think this is the correction we expected...my tp is on longs 143.90 and from there I will remain short what do you guys think
  • #222,787
  • Apr 28, 2010 7:56am Apr 28, 2010 7:56am
Quoting donfriday
the rocket can still continue from what i am seeing here...
I am leaning toward more down after going to see the girl at 143.33 here. I just can't see buyers having any confidence at 144, 145 without a thorough exploration of the bottom of this channel right now.

That is minus the announcement of free energy, the realization of alchemy, or the other usual excuses they have for unexpected market moves like some investor wrote in his blog somewhere he thinks things are all better now.
  • #222,788
  • Apr 28, 2010 7:59am Apr 28, 2010 7:59am
Quoting JhonMonsalve
Pullback or bullish continuation?

Attachment

We're bouncing from 618 FL from 139 - 146 move...
Be careful, maybe the down move from yesterday was a shake out to reload long positions on every Yen pair, ¥ is weak, UJ is heading to 100 again, is my humble advice...
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222,789
  • Apr 28, 2010 8:01am Apr 28, 2010 8:01am
Quoting kourtney
I think this is the correction we expected...my tp is on longs 143.90 and from there I will remain short what do you guys think
What about if the fast down move from yesterday was the correction expected?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222,790
  • Apr 28, 2010 8:04am Apr 28, 2010 8:04am
I have my H4 Gann standing firmly on 144. If flipped. I'm bullish. 144-144.5 is pretty critical
Read the entire market, money is made on the main trend not the fluctuation
  • #222,791
  • Apr 28, 2010 8:34am Apr 28, 2010 8:34am
April 28 (Bloomberg) -- International Monetary Fund
Managing Director Dominique Strauss-Kahn told German lawmakers
in Berlin today that Greece may need as much as 120 billion
euros in aid, Green Party parliamentary spokesman Michael
Schroeren said by phone today.
  • #222,792
  • Apr 28, 2010 8:57am Apr 28, 2010 8:57am
yeah how nice of him. they really want to nail poor Greece, and now they are just playing with it, like a cat with its prey.

something else is going behind closed doors, there must be someone or something trying to rescue Greece without approval from imf or other big sharks hence the junk rating & now this... just to chase everyone away...

Quoting Piters
April 28 (Bloomberg) -- International Monetary Fund
Managing Director Dominique Strauss-Kahn told German lawmakers
in Berlin today that Greece may need as much as 120 billion
euros in aid, Green Party parliamentary spokesman Michael
Schroeren said by phone today.
Nihil Sine Deo.
  • #222,793
  • Apr 28, 2010 9:08am Apr 28, 2010 9:08am
are we going down again?4h and 1h candle looks bearish
Gold Expedition Return This Year: -16.4%
  • #222,794
  • Apr 28, 2010 9:10am Apr 28, 2010 9:10am
Quoting Scrat
yeah how nice of him. they really want to nail poor Greece, and now they are just playing with it, like a cat with its prey.

something else is going behind closed doors, there must be someone or something trying to rescue Greece without approval from imf or other big sharks hence the junk rating & now this... just to chase everyone away...
Yes, it is a game of Cat and mice.. but as I said.. nothing would change.. until German election ends..

Bottom line :

1.Greece = apx. 10mill ppl.. they need $156 Bln for bailing.. something fundamental is wrong in whole EUROLAND.. and any patch cannot help.. at all..

2. Spain = led the reriskers. After today's disclosure that the country is just over 20% done with funding its 2010 debt needs, this may change quite fast.

more is coming
  • #222,795
  • Apr 28, 2010 9:11am Apr 28, 2010 9:11am
monthly support held pretty well. now we also have a bottom @ 142.35/45
according to intraday volumes and i expect it would be tested.
Quoting budak baru
are we going down again?4h and 1h candle looks bearish
Nihil Sine Deo.
  • #222,796
  • Apr 28, 2010 9:14am Apr 28, 2010 9:14am
Quoting JhonMonsalve
What about if the fast down move from yesterday was the correction expected?
This should be wave 4 of 1 which was formed with an ABC ending at 143.49 now we should get wave 5 of 1 & then back up for wave 2 & that can retrace from 38.2 to all the way up to a double top at 145.96 & then we will get wave 3 the big drop. I hope I helped.
  • #222,797
  • Apr 28, 2010 9:16am Apr 28, 2010 9:16am
well a blind man from new jersey could see that coming.

i can't help asking myself who in the world lend them that much money in the first place - but i bet it's the same people that are crying now "greece is bankrupt and needs a godzillion dollars for bailout!".

Quoting Piters
Yes, it is a game of Cat and mice.. but as I said.. nothing would change.. until German election ends..

Bottom line :

1.Greece = apx. 10mill ppl.. they need $156 Bln for bailing.. something fundamental is wrong in whole EUROLAND.. and any patch cannot help.. at all..

2. Spain = led the reriskers. After today's disclosure that the country is just over 20% done with funding its 2010 debt needs, this may change quite fast.

more is coming
Nihil Sine Deo.
  • #222,798
  • Apr 28, 2010 9:19am Apr 28, 2010 9:19am
Quoting Scrat
monthly support held pretty well. now we also have a bottom @ 142.35/45
according to intraday volumes and i expect it would be tested.
right we got resistance at 142.3 at fibo 23.6.if new 1h candle open below the resistance,i will go short.other opinion?
Gold Expedition Return This Year: -16.4%
  • #222,799
  • Apr 28, 2010 9:22am Apr 28, 2010 9:22am
Quoting Allseeingeye
This should be wave 4 of 1 which was formed with an ABC ending at 143.49 now we should get wave 5 of 1 & then back up for wave 2 & that can retrace from 38.2 to all the way up to a double top at 145.96 & then we will get wave 3 the big drop. I hope I helped.
Let's see how it plays, I'm worried a lil bit by weekly RSX bearish divergence, this week is important..., we need RSX cross bearish, that's the confirmation of bearish scenario on weekly TF.

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222,800
  • Apr 28, 2010 9:31am Apr 28, 2010 9:31am
Quoting Scrat

i can't help asking myself who in the world lend them that much money in the first place - but i bet it's the same people that are crying now "greece is bankrupt and needs a godzillion dollars for bailout!".

I would take that bet with you.



It appears we are dealing with the realization that we aren't having armageddon or the great depression just yet but there are still lots of people out of work and countries like Greece that cannot stay afloat in these new conditions.

Seems to me like at least the GJ market is playing this all fairly "real" kind of hovering between up and down.
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