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

  • #227,221
  • Jun 7, 2010 5:07pm Jun 7, 2010 5:07pm
Quoting $teve
Looks like 132.20 might be holding. Higher low on 4H chart. Trendline still holding strong. 134.20 by tomorrow. 141 by the end of this month.
Looks to me like the trendline was broken, retested and rejected.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 29 KB
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  • #227,222
  • Jun 7, 2010 5:47pm Jun 7, 2010 5:47pm
Quoting profxtrader
Looks to me like the trendline was broken, retested and rejected.

Attachment
Trendline isn't an exact science. Sometimes there's many different ways to draw a trendline and choosing which wicks to include in result in different trendlines. In your chart, you're not including the lowest wick. This is mine.
Attached Image (click to enlarge)
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  • #227,223
  • Jun 7, 2010 5:49pm Jun 7, 2010 5:49pm
price bounce at fibo 38.2.target area fibo 161.8 to complete wave b.good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
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  • #227,224
  • Jun 7, 2010 5:50pm Jun 7, 2010 5:50pm
Quoting $teve
Trendline isn't an exact science. Sometimes there's many different ways to draw a trendline and choosing which wicks to include in result in different trendlines. In your chart, you're not including the lowest wick. This is mine.
I agree, chart patterns are more art than science. That said my bull flag was broken, therefore I am short. We'll revisit this tomorrow and see where we're at.
Every time you use 'hopium' in a post, God kills a kitten.
  • #227,225
  • Jun 7, 2010 5:56pm Jun 7, 2010 5:56pm
or...?

Quoting profxtrader
Looks to me like the trendline was broken, retested and rejected.

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 53 KB
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  • #227,226
  • Jun 7, 2010 6:02pm Jun 7, 2010 6:02pm

Monday, June 07, 2010 16:01:13
*(UK) UK BRC MAY RETAIL SALES MONITOR SSS: +0.8% V -2.3% PRIOR; TOTAL SALES: +3.0% V -0.2% PRIOR
  • #227,227
  • Jun 7, 2010 8:16pm Jun 7, 2010 8:16pm
Quoting Geppy
or...?
I like your trend line/channel way better.
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  • #227,228
  • Jun 7, 2010 8:31pm Jun 7, 2010 8:31pm
thanks

Quoting KillerWhale
I like your trend line/channel way better.
check out my blog: forexmademillionaire dot com
  • #227,229
  • Jun 7, 2010 8:37pm Jun 7, 2010 8:37pm
Quoting Geppy
thanks
And here another channel on the 5 min chart
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Click to Enlarge Name: gi 06-07 5 min.gif Size: 28 KB
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  • #227,230
  • Jun 7, 2010 9:08pm Jun 7, 2010 9:08pm
Thanks
I am a new trader. i just made $2.2 on the that up move. LIVE ACCOUNT TOO.
GBP/JPY
  • #227,231
  • Jun 7, 2010 10:10pm Jun 7, 2010 10:10pm
Quoting Reelax
Thanks
I am a new trader. i just made $2.2 on the that up move. LIVE ACCOUNT TOO.
GBP/JPY
congrats!

I hope you closed the trade because imo we are headed down now!
  • #227,232
  • Jun 7, 2010 10:39pm Jun 7, 2010 10:39pm
Again same view as am posted yesterday and clustering at 131 area at how many time become support to break it? Check your chart.

Buy dip should be the setting till end month or within this 2 week and for those who able to get it from 131 area yesterday, will be safe to keep it for at leat 134-134.40 but lock it for safe journey and less tension.

Again Daily clearly show us what is going on, and buy dip? Bear trap?...up to you guys to decide

For me H4=Daily=Weekly=bull=min 300pips up...from 131 area

Anyway i could be wrong as usual...and i still in the same view as what am posted in my blog yesterday.....

good luck

g
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GY-weekly.JPG Size: 75 KB
Click to Enlarge Name: GY-daily.JPG Size: 70 KB
Click to Enlarge Name: gy-h4.JPG Size: 70 KB
  • #227,233
  • Jun 8, 2010 12:18am Jun 8, 2010 12:18am
Quoting Geppy
or...?
Either way, it's still a bear flag on the daily and I'm still short.
Every time you use 'hopium' in a post, God kills a kitten.
  • #227,234
  • Jun 8, 2010 12:31am Jun 8, 2010 12:31am
Quoting profxtrader
Either way, it's still a bear flag on the daily and I'm still short.
subwave 2 just compeleted.go for 135 to complete wave b as i mention before.happy trading.
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  • #227,235
  • Jun 8, 2010 1:50am Jun 8, 2010 1:50am
Quoting profxtrader
Either way, it's still a bear flag on the daily and I'm still short.
How far can your bear flag go up? till 141?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #227,236
  • Jun 8, 2010 2:00am Jun 8, 2010 2:00am
Good morning... I am looking to add on dips intraday so if price retraces to 132.80-133 I will add to positions...
Traderdesk -
  • #227,237
  • Jun 8, 2010 2:06am Jun 8, 2010 2:06am
Quoting KillerWhale
How far can your bear flag go up? till 141?
To be perfectly honest... 140, but I doubt we'll even see 135 again before the breakdown.
Every time you use 'hopium' in a post, God kills a kitten.
  • #227,238
  • Jun 8, 2010 2:54am Jun 8, 2010 2:54am
Look bullish for me today. Retrace down to 132.57 still a buy dip for target 134.94.
Yesterday US [email protected] will give us the support point.
Good Luck all.
  • #227,239
  • Jun 8, 2010 3:35am Jun 8, 2010 3:35am
GJ will fall today, tomorrow, and if we get a daily candle close below daily gann and daily QQE crosses down, GJ will tank.
Trade what you see, not what you think.
  • #227,240
  • Jun 8, 2010 3:55am Jun 8, 2010 3:55am
Quoting special0nefx
Look bullish for me today. Retrace down to 132.57 still a buy dip for target 134.94.
Yesterday US [email protected] will give us the support point.
Good Luck all.
Just 5 minutes to the hourly close. I think a close under your support level will get the ball rolling towards 120.

A close below 131.75 will seal the deal.
Every time you use 'hopium' in a post, God kills a kitten.
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