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

  • #225,761
  • May 21, 2010 10:22am May 21, 2010 10:22am
time for me to go long at 129.00 when we reach it ,after a fail attempt to break 130 ... ,we will spike through and it will probabbly be a false break ,,drop down to 129 an i will go long to 132.80 somewehre
  • #225,762
  • May 21, 2010 10:28am May 21, 2010 10:28am
might short at 130.86 ,with close stop for a possible falkse break of 130..but the fourth time wont be false and we go str8 to 132/133 ..but overall i will enter long at 129 ,after the short at 130.86 ...

i dont think we will break 130 on the 3rd attempt ,,, normally it go through at the 4th time,,, the more we test,the weaker it get ..
  • #225,763
  • May 21, 2010 10:28am May 21, 2010 10:28am
Quoting fullhouse
time for me to go long at 129.00 when we reach it ,after a fail attempt to break 130 ... ,we will spike through and it will probabbly be a false break ,,drop down to 129 an i will go long to 132.80 somewehre
Mind posting something to back that analysis?
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,764
  • May 21, 2010 10:40am May 21, 2010 10:40am
Quoting profxtrader
Mind posting something to back that analysis?

here it is ,,,130.50 still hold,,,carefull for false break ... i think we will flase break 130.50 and touch 130.86 ,,and then back down under 130.50,,,and i target 129 and then reverse again..... only epculation if we break 130.50,,and sure it will be false ,,cant see on 3rd attempt we will go through and stay above,but anything is possible ... ill try a short at 130.86,,only if we hit it...
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  • #225,765
  • May 21, 2010 10:48am May 21, 2010 10:48am
Quoting profxtrader
Mind posting something to back that analysis?

yip i catch it at 130.82 .... sure we will close beow 130.50 on 1hour

(hopefully) if not,,i had a 45 pip stop
  • #225,766
  • May 21, 2010 10:57am May 21, 2010 10:57am
close half my pos here for 200 and leaving rest half with BE+10 .Will continue to hold them .Happy weekend all.
  • #225,767
  • May 21, 2010 11:00am May 21, 2010 11:00am
Quoting honeybhi
close half my pos here for 200 and leaving rest half with BE+10 .Will continue to hold them .Happy weekend all.
if the main trend remains intact then correction should seize at 131.5 max
  • #225,768
  • May 21, 2010 11:00am May 21, 2010 11:00am
Quoting profxtrader
Mind posting something to back that analysis?

how was that analisis ?? prediction?
  • #225,769
  • May 21, 2010 11:03am May 21, 2010 11:03am
....but the 4hr is now screaming bullish. After the next pullback is a great place for a medium term long IMO.

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Daily bullish divergenmce has a play-out area of around 133, so first stop is there.

Unless of course, a obese digit scuppers that analysis...
  • #225,770
  • May 21, 2010 11:09am May 21, 2010 11:09am
Quoting ukdaytrader
....but the 4hr is now screaming bullish. After the next pullback is a great place for a medium term long IMO.

Attachment

Daily bullish divergenmce has a play-out area of around 133, so first stop is there.

Unless of course, a obese digit scuppers that analysis...

yip ... im hoping we can go as low as 129 to position for long ... i tihnk we will hit it ...
  • #225,771
  • May 21, 2010 11:20am May 21, 2010 11:20am
Quoting fullhouse
yip i catch it at 130.82 .... sure we will close beow 130.50 on 1hour

(hopefully) if not,,i had a 45 pip stop
false break strategy here too fullyhousy

my target is 129.48 so lets see if we reach before closing bell

glad ur making profit in this re take of downtrend
  • #225,772
  • May 21, 2010 11:25am May 21, 2010 11:25am
Quoting kourtney
false break strategy here too fullyhousy

my target is 129.48 so lets see if we reach before closing bell

glad ur making profit in this re take of downtrend
i did not see the close above the TL,,so i closed out ,,not much,,but that scared me,the close above .im on the sideline,,im still see 129
  • #225,773
  • May 21, 2010 11:34am May 21, 2010 11:34am
Quoting ukdaytrader
....but the 4hr is now screaming bullish. After the next pullback is a great place for a medium term long IMO.

Attachment

Daily bullish divergenmce has a play-out area of around 133, so first stop is there.

Unless of course, a obese digit scuppers that analysis...
divergence could be postponed tremendously in strong trending market so that it might not work this time, let's see how daily will be closed
  • #225,774
  • May 21, 2010 11:36am May 21, 2010 11:36am
all signs is approved and confirm we will go to 132,after we kiss 129 ...

lol..i short at 130.82,and target 129,,but banked 30 pips ..oh well,,im ready at 129 for a 380 pip run.. anyone want the confirmation why we will go to 132/133 ..
  • #225,775
  • May 21, 2010 11:39am May 21, 2010 11:39am
Quoting fullhouse
all signs is approved and confirm we will go to 132,after we kiss 129 ...

lol..i short at 130.82,and target 129,,but banked 30 pips ..oh well,,im ready at 129 for a 380 pip run.. anyone want the confirmation why we will go to 132/133 ..
yes, please do explain!
  • #225,776
  • May 21, 2010 11:40am May 21, 2010 11:40am
Quoting metlife777
divergence could be postponed tremendously in strong trending market so that it might not work this time, let's see how daily will be closed
hey dude,,, its time for a retracement ... the bear ruin is on hold... 133 is HIGHLY LIKELY .. how many confirmations do you need for a retracememnt ?? i do see plenty ...

and guess what if we hit 133,,then the bear run is for a while out of action ,,then its time for a run to 140 or where ever
  • #225,777
  • May 21, 2010 11:47am May 21, 2010 11:47am
Quoting fullhouse
all signs is approved and confirm we will go to 132,after we kiss 129 ...

lol..i short at 130.82,and target 129,,but banked 30 pips ..oh well,,im ready at 129 for a 380 pip run.. anyone want the confirmation why we will go to 132/133 ..
If we kiss 129, it's going lower.
  • #225,778
  • May 21, 2010 11:55am May 21, 2010 11:55am
Quoting Phonetic
yes, please do explain!

here is the current chart ... its all clear and understandable ..

------IM GONNA BUY AT 129 !!-------

i will post now a bigger picture where we are actually heading... we will go now as high as 133 or deep in 132.80/90...then we will back down to MEGA SUPP line at 129.70 ,,where i thought we will bottom 2 days ago,,but clearly we false break through it,,in the last recent sessions ...but look where will we close this week ?? i think way above 129.70 ...

so to focus now is on 133,,then wait for a reversal candle or formation to take it back down to 129.70..i will post a other chart why 129.70..its clear and a obv trade,,the next days/ weeks...

hope this time we got it...

i know the majority here see a bear flag in the making...that do i see clearly ,,and keep that in mind ,,,for a exit at the upper TL ...

next chart is coming
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  • #225,779
  • May 21, 2010 12:02pm May 21, 2010 12:02pm
Quoting fullhouse
here is the current chart ... its all clear and understandable ..

------IM GONNA BUY AT 129 !!-------

i will post now a bigger picture where we are actually heading... we will go now as high as 133 or deep in 132.80/90...then we will back down to MEGA SUPP line at 129.70 ,,where i thought we will bottom 2 days ago,,but clearly we false break through it,,in the last recent sessions ...but look where will we close this week ?? i think way above 129.70 ...

so to focus now is on 133,,then wait for a reversal candle or...
Are you drunk??!?!?! How do you expect us to close "well above" 129.70 "this week" when there are 4 hours left in the trading week.

This board is lunacy!
check out my blog: forexmademillionaire dot com
  • #225,780
  • May 21, 2010 12:09pm May 21, 2010 12:09pm
Quoting Geppy
Are you drunk??!?!?! How do you expect us to close "well above" 129.70 "this week" when there are 4 hours left in the trading week.

This board is lunacy!
misspelling,,but i think close of it,,or above,,ai but doesnt matter actually,,chill out,,dont let that bother you ...
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