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

  • #234,281
  • Mar 6, 2011 8:52pm Mar 6, 2011 8:52pm
Quoting BailMeOut
This candlestick chart pattern is strongly bearish if it occurs after a significant up-trend.
indeed a very nice significant up-trend on weekly chart. lol
  • #234,282
  • Mar 6, 2011 11:10pm Mar 6, 2011 11:10pm
Quoting I like steak
en·gulfed, en·gulf·ing, en·gulfs
To swallow up or overwhelm by or as if by overflowing and enclosing.
Bearish Engulfing Pattern




http://i.investopedia.com/inv/092009.../book_icon.jpg
What Does Bearish Engulfing Pattern Mean?
A chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs"...
yes it it.this is what i see at gj.reversal should be imminent.
Attached Image (click to enlarge)
Click to Enlarge Name: gj311.png Size: 46 KB
Gold Expedition Return This Year: -15.9%
  • #234,283
  • Mar 7, 2011 12:17am Mar 7, 2011 12:17am
ooh E/U is very close to fall of the cliff -- a few hips and bumps to 1.41xx

then ---

scuba time

1.3380 --->.then pause ,then ---> 1.2050/ 1.23 ---BANK

start all over again from 1.2's BUY,BUY,BUY

ping pong show between 1.4 and 1.2

gotto go

GL
Attached Image (click to enlarge)
Click to Enlarge Name: hhh.jpg Size: 86 KB
  • #234,284
  • Mar 7, 2011 2:13am Mar 7, 2011 2:13am
Here are the levels i'm looking at. Not bullish or bearish bias right now for me.

We tested the inverse H&S neckline already at 131.20, (and retraced beyond the 0.382 fibo), so we can 'assume' we'll go higher from here.... it's not certain though imo.

Last high 135.53 is pretty key obviously, but so is Friday's high of 135.19. Although pinbars are a good sign of reversal, the top/bottom of these is often retested. I would be surprised of 135.19 doesn't get retested.

IF we do go higher, then Cohiba's inverse H&S has a potential target of >138.5.....(I think).

If we are to reach Gucci's targets, then a breach of the neckline at approx 130.75 needs to happen and then a break of the 0.50 fibo at 130.5. I don't think we can be bearish until this happens.
  • #234,285
  • Mar 7, 2011 2:31am Mar 7, 2011 2:31am
Make it simple.

First If GJ want to see her grandmother at South pole (129, 125 or what ever) she need to break EMA 200 Daily.

Just take a a look daily from 16 Sept 2009 till 6 Feb 2011, GJ fail to break EMA 200. BUT ...on 7 Feb 2011, GJ break EMA 200 and continue upward.

Before this EMA 200 is major resistance...but now she become major support.

So either we going up or down ...depend on this support.


Quoting ukdaytrader
Here are the levels i'm looking at. Not bullish or bearish bias right now for me.

We tested the inverse H&S neckline already at 131.20, (and retraced beyond the 0.382 fibo), so we can 'assume' we'll go higher from here.... it's not certain though imo.

Last high 135.53 is pretty key obviously, but so is Friday's high of 135.19. Although pinbars are a good sign of reversal, the top/bottom of these is often retested. I would be surprised of 135.19 doesn't get retested.

IF we do go higher, then Cohiba's inverse H&S has a potential target of >138.5.....(I...
  • #234,286
  • Mar 7, 2011 5:01am Mar 7, 2011 5:01am
Quoting PandoraBox
Make it simple.

First If GJ want to see her grandmother at South pole (129, 125 or what ever) she need to break EMA 200 Daily.

Just take a a look daily from 16 Sept 2009 till 6 Feb 2011, GJ fail to break EMA 200. BUT ...on 7 Feb 2011, GJ break EMA 200 and continue upward.

Before this EMA 200 is major resistance...but now she become major support.

So either we going up or down ...depend on this support.
LOL...

GJ is breaking in.
Markets are not Random, they are designed!
  • #234,287
  • Mar 7, 2011 9:44am Mar 7, 2011 9:44am
buy limit @ 132.95 SL 132.65 TP open
  • #234,288
  • Mar 7, 2011 10:08am Mar 7, 2011 10:08am
Quoting Raza
LOL...

GJ is breaking in.
I thought this pair is only for buying lol
  • #234,289
  • Mar 7, 2011 10:12am Mar 7, 2011 10:12am
Quoting maanawi
I thought this pair is only for buying lol
hi M.good luck to your trade...135 resistance hold.maybe they are scalping
Gold Expedition Return This Year: -15.9%
  • #234,290
  • Mar 7, 2011 10:21am Mar 7, 2011 10:21am
Quoting navhin
buy limit @ 132.95 SL 132.65 TP open
missed by 5 pips to entry....
  • #234,291
  • Mar 7, 2011 10:24am Mar 7, 2011 10:24am
Quoting budak baru
hi M.good luck to your trade...135 resistance hold.maybe they are scalping
Thanks B. im still on my last setup, plus keepn eye on this
http://www.forexfactory.com/attachme...5&d=1299047803
~130.24 or ~137.00
  • #234,292
  • Mar 7, 2011 10:35am Mar 7, 2011 10:35am
gold is coming down sharpley
  • #234,293
  • Mar 7, 2011 10:59am Mar 7, 2011 10:59am
Quoting harigp
gold is coming down sharpley
..
Attached Image (click to enlarge)
Click to Enlarge Name: gold d.gif Size: 19 KB
  • #234,294
  • Mar 7, 2011 11:02am Mar 7, 2011 11:02am
I am not talking about the long term view of gold but based on H1 chart
  • #234,295
  • Mar 7, 2011 11:02am Mar 7, 2011 11:02am
Quoting navhin
buy limit @ 132.95 SL 132.65 TP open
long triggered....
  • #234,296
  • Mar 7, 2011 11:07am Mar 7, 2011 11:07am
Quoting harigp
I am not talking about the long term view of gold but based on H1 chart
nor me .. im just trying to show you where we are on gold right now
  • #234,297
  • Mar 7, 2011 11:20am Mar 7, 2011 11:20am
From the intraday point of view I cross check the gold, N$, EU

GJ dropped to 133 the time gold was moving up and the drop in gj has stopped litttle bit , but they have to chop those HZ lines for further drop.

But I feel the head and shoulder pattern has completed in H1 but I am not sure
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 21 KB
  • #234,298
  • Mar 7, 2011 11:25am Mar 7, 2011 11:25am
strong support at 132.95...bought there...might head towards 135 or above ....tight SL 132.65
  • #234,299
  • Mar 7, 2011 11:45am Mar 7, 2011 11:45am
Quoting navhin
strong support at 132.95...bought there...might head towards 135 or above ....tight SL 132.65
http://www.forexfactory.com/attachme...5&d=1299134836
  • #234,300
  • Mar 7, 2011 11:51am Mar 7, 2011 11:51am
Quoting maanawi
http://www.forexfactory.com/attachme...5&d=1299134836
agreed.....but if u use elliot wave count, after the bearish movement, it will head up to 135 or above...juz my opinion..
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