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

  • #231,161
  • Aug 27, 2010 12:20am Aug 27, 2010 12:20am
Today is absolutely not a day to bet the farm on longs.

1hr bearish divergence with overbought condition, initial play out area of between 130 and 130.5, Bernanke speaking later.

All points to a sell-off later during NY session.

I'm gunna sit and wait. Have some short orders below supports and will monitor if we get there.

Back to scalping experiment...
  • #231,162
  • Aug 27, 2010 12:32am Aug 27, 2010 12:32am
Quoting Raza

VINCY I SEE YOU AGAIN HERE...LEFT A MESSAGE ON YOUR THREAD..

Vincy is who has shown me the Way to trade.......Thanks.....VINCY.....Thanks so Much....
Hehe..


Lol..

and I am Nobody

You have Enthusiasm in Your Self.. and Remember here In Forex World .. It is not Important How Much You earn Every Time , It is Important How Much you GROW WEALTH DAY BY DAY......as Well Study...

Study is the Only Way Of Success I Every seen



Best Regards

Vincy balboa
DRAGON-TECHNICAL ANALYSIS!
  • #231,163
  • Aug 27, 2010 12:41am Aug 27, 2010 12:41am
Quoting vincy balboa
Hehe..


Lol..

and I am Nobody

You have Enthusiasm in Your Self.. and Remember here In Forex World .. It is not Important How Much You earn Every Time , It is Important How Much you GROW WEALTH DAY BY DAY......as Well Study...

Study is the Only Way Of Success I Every seen



Best Regards

Vincy balboa
  • #231,164
  • Aug 27, 2010 12:50am Aug 27, 2010 12:50am
Quoting ukdaytrader
Today is absolutely not a day to bet the farm on longs.

1hr bearish divergence with overbought condition, initial play out area of between 130 and 130.5, Bernanke speaking later.

All points to a sell-off later during NY session.

I'm gunna sit and wait. Have some short orders below supports and will monitor if we get there.

Back to scalping experiment...
Hi,

Im in position already :

short from 131.05 - 131.66 next add at 131.90 (if we go there) SL 132.50
Trade with the momentum
  • #231,165
  • Aug 27, 2010 12:54am Aug 27, 2010 12:54am
short at the trendline.
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  • #231,166
  • Aug 27, 2010 1:03am Aug 27, 2010 1:03am
Quoting honeybhi
short at the trendline.
Nice area for take a short, what is your SL.
Trade with the momentum
  • #231,167
  • Edited 1:27am Aug 27, 2010 1:12am | Edited 1:27am
Quoting sailor68
Nice area for take a short, what is your SL.
NOT..... IMO...

Wave#5 UP on 15M chart...to make wave A ( WAVE#1) ... THEN WAVE#2 OR WAVE B DOWN...

Wave #5 up can take this to 132.70 - 133.10 with extension to 133.30 .( 133.44 max) ..Depends how it goes UP....

130.72 Holding... FOR WAVE#1 up....(If below 130.73 ..then its something else)

It is also a Bull Flag on 15 M

So far thats whats developing....lets see...
Markets are not Random, they are designed!
  • #231,168
  • Aug 27, 2010 1:13am Aug 27, 2010 1:13am
Quoting sailor68
Hi,

Im in position already :

short from 131.05 - 131.66 next add at 131.90 (if we go there) SL 132.50
Good luck, but don't get caught. PM Kan speaking imminently about the strong Yen. Indications are that this time he'll say something more than 'we don't like a strong Yen' Japanese exporters shares have all rallied strongly into the Tokyo close.

Just something to keep an eye on, that's all.
  • #231,169
  • Aug 27, 2010 1:17am Aug 27, 2010 1:17am
Quoting Raza
NOT..... IMO...

Wave#5 UP on 15M chart...to make wave A ( WAVE#1) ... THEN WAVE#2 OR WAVE B DOWN...

Wave #5 up can take this to 132.80 - 133.30..Depends how it goes UP....

130.72 Holding... FOR WAVE#1 up....

It is also a Bull Flag on 15 M

So far thats whats developing....lets see...
Mate, i would consider goes to 130.40 1st before going up. IMHO
  • #231,170
  • Aug 27, 2010 1:19am Aug 27, 2010 1:19am
Quoting Raza
NOT..... IMO...

Wave#5 UP on 15M chart...to make wave A ( WAVE#1) ... THEN WAVE#2 OR WAVE B DOWN...

Wave #5 up can take this to 132.80 - 133.30..Depends how it goes UP....

130.72 Holding... FOR WAVE#1 up....

It is also a Bull Flag on 15 M

So far thats whats developing....lets see...
Thanks Raza i keep an eye on it.
Trade with the momentum
  • #231,171
  • Aug 27, 2010 1:22am Aug 27, 2010 1:22am
Quoting special0nefx
Mate, i would consider goes to 130.40 1st before going up. IMHO
it is Possible ..1.38% ABC..( 15M chart...130.38)
Markets are not Random, they are designed!
  • #231,172
  • Aug 27, 2010 1:22am Aug 27, 2010 1:22am
Break of the trendline I 'am long .Longs are safer in my opinion.Just a small short here.
  • #231,173
  • Aug 27, 2010 1:24am Aug 27, 2010 1:24am
Quoting ukdaytrader
Good luck, but don't get caught. PM Kan speaking imminently about the strong Yen. Indications are that this time he'll say something more than 'we don't like a strong Yen' Japanese exporters shares have all rallied strongly into the Tokyo close.

Just something to keep an eye on, that's all.
yes i saw this information about PM Kan, like Raza said bull flag on M15, bottom can be WS2 or DS1 (but now just seat on DP), let we see this pattern and candle pattern on H1 and H4.
Good luck to us
Trade with the momentum
  • #231,174
  • Aug 27, 2010 1:24am Aug 27, 2010 1:24am
Quoting Raza
it is Possible ..1.38% ABC..( 15M chart...130.38)
Anyway anything can happen, wait for confirmation only entry, GL
  • #231,175
  • Aug 27, 2010 1:32am Aug 27, 2010 1:32am
Quoting special0nefx
Anyway anything can happen, wait for confirmation only entry, GL
If it goes UP... above last High....

Then 132.79 will be very Tough to Break..IMO...
Markets are not Random, they are designed!
  • #231,176
  • Aug 27, 2010 1:36am Aug 27, 2010 1:36am
Quoting Raza
If it goes UP... above last High....

Then 132.79 will be very Tough to Break..IMO...
yes is hard rock there , if break weekly [email protected] is 2nd tough to break. Clear this 2 point, 134.70 is the key to reach . IMO
  • #231,177
  • Aug 27, 2010 1:43am Aug 27, 2010 1:43am
Quoting Raza
If it goes UP... above last High....

Then 132.79 will be very Tough to Break..IMO...
Ok Raza another view H4 bearish Flag (not perfect but...) let we see, also everything can change with PM Kan....today not easy to trade the Yen pairs
Trade with the momentum
  • #231,178
  • Aug 27, 2010 1:49am Aug 27, 2010 1:49am
Quoting sailor68
Ok Raza another view H4 bearish Flag (not perfect but...) let we see, also everything can change with PM Kan....today not easy to trade the Yen pairs
It depends how you look at it..

4 HR is also "V" Bottom... Price bounced from Historical low of 1992..

4 hr is also what is known as POP gun....(Bullish)

I was hoping and still hoping it comes down to 128.25- 127.78 to go long..

BUT we will see...
Markets are not Random, they are designed!
  • #231,179
  • Aug 27, 2010 1:56am Aug 27, 2010 1:56am
Quoting Raza
It depends how you look at it..

4 HR is also "V" Bottom... Price bounced from Historical low of 1992..

4 hr is also what is known as POP gun....(Bullish)

I was hoping and still hoping it comes down to 128.25- 127.78 to go long..

BUT we will see...
4hr is sleeping .Once its awake we fly...
  • #231,180
  • Aug 27, 2010 2:12am Aug 27, 2010 2:12am
Quoting Raza
It depends how you look at it..

4 HR is also "V" Bottom... Price bounced from Historical low of 1992..

4 hr is also what is known as POP gun....(Bullish)

I was hoping and still hoping it comes down to 128.25- 127.78 to go long..

BUT we will see...
Yes not easy, we will see, still in short position.
Trade with the momentum
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