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

  • #225,341
  • May 19, 2010 10:01am May 19, 2010 10:01am
Quoting profxtrader
Bullish divergence? I've never heard of a downtrend regular divergence. At any rate, it may play out for a few pips, but ultimately it's a risky proposition because the trend is down overall.
Hey pro, are you back in short? If so, what price you got in?
  • #225,342
  • May 19, 2010 10:03am May 19, 2010 10:03am
Quoting $teve
Hey pro, are you back in short? If so, what price you got in?
Never got out. I'd have shorted 2 hours ago though if I was planning on getting back in. Still got about 150 pips down to my target. Bastard came within about 20 pips and the SNB did their thing.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,343
  • May 19, 2010 10:06am May 19, 2010 10:06am
Quoting profxtrader
Bullish divergence? I've never heard of a downtrend regular divergence. At any rate, it may play out for a few pips, but ultimately it's a risky proposition because the trend is down overall.
It's bull in nature when that happens.

There's 4 types of divergence which seems to confuse.

1. Downtrend regular divergence
2. Downtrend hidden divergence
3. uptrend regular divergence
4. uptrend hidden divergence
  • #225,344
  • May 19, 2010 10:16am May 19, 2010 10:16am
high volatility, safer to stay aside...

here is an intra-day perspective. i put on the charts last close levels of major sessions. we have a resistance above @ yesterday ny close, around 132.34 area; and we have a support @ tokyo close today, @ 130.60/35.

if 132.34 is taken, well, we kinda go up for a bit. london close is coming, and this would put 132.34 as last resistance. i would think 134.30 area will be tested again (it's last week close). another short opportunity, as long as 134.79 is not taken there.

on the downside, if 130.35 is taken, then down we go.
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Nihil Sine Deo.
  • #225,345
  • May 19, 2010 10:17am May 19, 2010 10:17am
Quoting Jake Snake
It's bull in nature when that happens.

There's 4 types of divergence which seems to confuse.

1. Downtrend regular divergence
2. Downtrend hidden divergence
3. uptrend regular divergence
4. uptrend hidden divergence
I suppose it's the nomenclature that's confusing. Most people refer it as:

1. Bearish divergence (higher highs on PA, lower highs on indicator, price is expected to go down)
2. Bearish hidden divergence (lower highs on PA,higher highs on indicator, price is expected to go down)
3. Bullish divergence (lower lows on PA, higher lows on indicator, price is expected to go up)
4. Bullish hidden divergence (higher lows on PA, lower lows on indicator, price is expected to go up)
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,346
  • May 19, 2010 10:23am May 19, 2010 10:23am
Quoting profxtrader
Never got out. I'd have shorted 2 hours ago though if I was planning on getting back in. Still got about 150 pips down to my target. Bastard came within about 20 pips and the SNB did their thing.
You didn't set your tp to 129.90? Previous low was 129.76. Today's low was 129.72 so that is as close as it can get. I could careless about a few pips given your position is close to 1000 pips in profits. Bank it and enjoy the pips already bro. There seems to be significant buying at 130.40.
  • #225,347
  • May 19, 2010 10:25am May 19, 2010 10:25am
Quoting Scrat
on the downside, if 130.35 is taken, then down we go.
check out my blog: forexmademillionaire dot com
  • #225,348
  • May 19, 2010 10:36am May 19, 2010 10:36am
But if 130.40 held, there could be an inverted shampoo forming on the 15M chart.
  • #225,349
  • May 19, 2010 10:38am May 19, 2010 10:38am
Keep those fingers crossed

Quoting $teve
But if 130.40 held, there could be an inverted shampoo forming on the 15M chart.
check out my blog: forexmademillionaire dot com
  • #225,350
  • May 19, 2010 10:39am May 19, 2010 10:39am
Quoting profxtrader
I suppose it's the nomenclature that's confusing. Most people refer it as:

1. Bearish divergence (higher highs on PA, lower highs on indicator, price is expected to go down)
2. Bearish hidden divergence (lower highs on PA,higher highs on indicator, price is expected to go down)
3. Bullish divergence (lower lows on PA, higher lows on indicator, price is expected to go up)
4. Bullish hidden divergence (higher lows on PA, lower lows on indicator, price is expected to go up)
1. Downtrend regular divergence - price is expected to go up
2. Downtrend hidden divergence - price is expected to go down
3. uptrend regular divergence - price is expected to go down
4. uptrend hidden divergence - price is expected to go up


LOL - I had to think about that for a moment.

If that needs correcting I'll post later on, but I will check it again.
  • #225,351
  • May 19, 2010 10:46am May 19, 2010 10:46am
Yeah I was right. If interested you can check this webpage for more info.

http://forex-indicators.net/macd
  • #225,352
  • May 19, 2010 10:51am May 19, 2010 10:51am
aud/jpy are trying to break MAJOR SUPPORT of 12 months...
  • #225,353
  • May 19, 2010 10:53am May 19, 2010 10:53am
yes , if you could pick those swings you could retire...lol


Quoting Piters
lol.. Elephants moving the market like YO-YO... 100-200p ..

sweet
  • #225,354
  • May 19, 2010 11:02am May 19, 2010 11:02am
A breach of 10,000 in the DOW this or next week would be a pretty big psychological mind f#*k
check out my blog: forexmademillionaire dot com
  • #225,355
  • May 19, 2010 11:09am May 19, 2010 11:09am
Quecee..if you r online,,let me know... this is pretty funny,,but my view still stand for a bottom we are now forming on 4 hour,,and i do still see 138... if we break 129.70 ,my view is completely into short,but overall im still short bias,,and nothing happen from yesterday ,and everybody calling for shorts,but we are in a typical bottom formation ..

or i got it completely wrong,,but i doubt it
  • #225,356
  • May 19, 2010 11:10am May 19, 2010 11:10am
who else here see 137/138 ?? anyone? ,,is it jsut me for the last 2 days?
  • #225,357
  • May 19, 2010 11:11am May 19, 2010 11:11am
Quoting Geppy
A breach of 10,000 in the DOW this or next week would be a pretty big psychological mind f#*k
Yeah, a 4.5 % + drop in the last 5 days is making the crazy's for these major players... like yourself Geppy!

The pricing is stacked on end nice and neat and everyone's happy until SOMEONE bumps the first one and BAM, pricing goes down like dominos. Sentiment goes poof when reality slams down on ya!

http://online.wsj.com/article/BT-CO-...atestheadlines
  • #225,358
  • May 19, 2010 11:13am May 19, 2010 11:13am
Quoting Jake Snake
1. Downtrend regular divergence - price is expected to go up
2. Downtrend hidden divergence - price is expected to go down
3. uptrend regular divergence - price is expected to go down
4. uptrend hidden divergence - price is expected to go up


LOL - I had to think about that for a moment.

If that needs correcting I'll post later on, but I will check it again.
Dude, you can call it a monkeys ass if you want. I'm just telling you what TRADERS will call those setups. That's all.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,359
  • May 19, 2010 11:14am May 19, 2010 11:14am
looks like it is making reverse H&S on M30 and H1. Or from other angle you can say its diamond bottom on H" and H4 with proper MCAD and RSI position.
It is going for a healthy retrace I believe. I am long @131 with 75 pip stop loss.
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  • #225,360
  • May 19, 2010 11:16am May 19, 2010 11:16am
Quoting profxtrader
Dude, you can call it a monkeys ass if you want. I'm just telling you what TRADERS will call those setups. That's all.
You call it a monkeys ass, some call it a monkeys rump, others say, much more politely, a monkeys bottom.

It is what it is!!!
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