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-   -   Auslanco - GBP/JPY and GBP/USD (newstrade) (https://www.forexfactory.com/showthread.php?t=40582)

malcolmb14 Feb 26, 2009 9:06am | Post# 162481

I agree
 
I can honestly not see with the unnatural moves in geppy why anyone would be short.? Sure the charts can be good for some scalps, but to predict this thing will fall heavily belies what is actually happening.

We've had a significant upmove hitting previous heavy resistance, a subsequent retrace was wholly expected. Now, it looks likely to test the high again.

Dow and S&P correlation has gone, so we should not look for the normal Yen movements.

JMHO of course, but I have been saying this for weeks that any crash in GY must be supported by...

i agree ... the 14 wma has been strong support on 4 hour on this up move .. we just got pull back to it .. for swing trading it is buy the dips or add to positions on the dips as long as the 50 sma on 4 hour is not taken out which right now is 134 , and bottom of my linear regression channel is 134

ukdaytrader Feb 26, 2009 9:07am | Post# 162482

5m QQE
 
Taking into consideration the QQE + Gann method, if we see a 5m cross up on the QQE, it's a potential long entry.

malcolmb14 Feb 26, 2009 9:14am | Post# 162483

????
 
25% chance is that this goes to 141.
25% chance is that this goes to 141.01.
25% chance is that this goes to 139.99.
25% chance is that this goes to 139.90 and then to 141.

suggest what to do.

i am confused

what does this mean ..... you picking on me again ?

you had better focus on your trading ... from last 2 days results on zulu looks like you are confused , shows you are not a range trader. Easy to trade in a trend .. harder to trade in a range ..right now range gj is 140.80 to 140.20 only been up 1 hour and have made my pips for the day .

.. stop these stupid posts

forexlearner Feb 26, 2009 9:27am | Post# 162484

Long GBPJPY at 140.60

Prediction:

Price should soar to R3 level today. (143.30)

If it doesnt, price might at least go to R2 (141.70)

ACTION:

I am goin to monitor this closely, and move SL to BE once the price hits 140.80

Phonetic Feb 26, 2009 9:29am | Post# 162485

malc,

i appreciate your posts greatly, been helping very much so last couple of days

malcolmb14 Feb 26, 2009 9:38am | Post# 162486

daily fib pivot
 
1 Attachment(s)
Long GBPJPY at 140.60

Prediction:

Price should soar to R3 level today. (143.30)

If it doesnt, price might at least go to R2 (141.70)

ACTION:

I am goin to monitor this closely, and move SL to BE once the price hits 140.80
can i suggest something ?download those daily fib pivots I posted the other day....

140.87 is one of them and had bearish div on 5 min.

I went short .

you could use them to get slightly better entries on swing trades with little draw down . I think this goes down to test 140.28 before heading up if it does ... 15 min looking toppy

I think you maybe right on test 141.5 today ...however I hear feds are jaw boning about the budget today. Not sure what effect this will have on the markets

Click to Enlarge

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Size: 25 KB

ukdaytrader Feb 26, 2009 9:39am | Post# 162487

Closed some longs
 
Have closed some of my longs now at this stalling in price. Wil leave the remainder running and will add if I see good opportunities above 141.50.

malcolmb14 Feb 26, 2009 9:49am | Post# 162488

15 min
 
15 min hidden bearish div rsx ...

could retrace to 139.70 is 140.27 gives way .

I have not yet gone long off base of channel and may be favouring sell rallies while ES is heading own .

GU 30 min looking very toppy here , if this breaks will take gj down with her

malcolmb14 Feb 26, 2009 9:55am | Post# 162489

chart
 
1 Attachment(s)
[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]seems to be indecision in the market at the moment .... ES is having a battle between buyers and sellers

might be ranging conditions this morning till the market works itself out.


Click to Enlarge

Name: snapshot-341.png
Size: 202 KB

malcolmb14 Feb 26, 2009 10:26am | Post# 162490

LOVELY
 
range is really nice 140.80 tp 140.20 as mentioned .. racking and stacking the pips this morning... 4 times price has moved with in range

I think we may see break to up side if ES can break its open range high . It seems that the correlation gj to the markets is when the markets move up not down.

Flem26 Feb 26, 2009 10:30am | Post# 162491

malcomb,

looks like it's at the top again. would shorts be in order for a scalp?

Flem26 Feb 26, 2009 10:33am | Post# 162492

range is really nice 140.80 tp 140.20 as mentioned .. racking and stacking the pips this morning... 4 times price has moved with in range

I think we may see break to up side if ES can break its open range high . It seems that the correlation gj to the markets is when the markets move up not down.
bingo. have noticed that too . . . it won't move down if ES tanks but when ES goes up . . .

ukdaytrader Feb 26, 2009 10:34am | Post# 162493

I've added a small long here at 140.73. Looks ready to move....

Piters Feb 26, 2009 10:36am | Post# 162494

range is really nice 140.80 tp 140.20 as mentioned .. racking and stacking the pips this morning... 4 times price has moved with in range

I think we may see break to up side if ES can break its open range high . It seems that the correlation gj to the markets is when the markets move up not down.
That's clear .. GY is correlated with YEN futures.. all Ny session YEn was the weakest currency across.

But my question is: What correlation is between ES and:

  1. Unemployment Claims -667K
  2. Durable Goods Orders m/m -5.2%
  3. New Home Sales -309K

BS correlation ??


Flem26 Feb 26, 2009 10:40am | Post# 162495

That's clear .. GY is correlated with YEN futures.. all Ny session YEn was the weakest currency across.

But my question is: What correlation is between ES and:

  1. Unemployment Claims -667K
  2. Durable Goods Orders m/m -5.2%
  3. New Home Sales -309K

BS correlation ??

true.

PandoraBox Feb 26, 2009 10:44am | Post# 162496

[quote=Piters;2566369]That's clear .. GY is correlated with YEN futures.. all Ny session YEn was the weakest currency across.


ukdaytrader Feb 26, 2009 10:46am | Post# 162497

Double top...
 
OK, now we see a rise to previous high, double top is a possibiity, but I won't be trading it. This move is strong and I think we'll now race to 143.

Still holding long.

belekas Feb 26, 2009 10:47am | Post# 162498

OK, now we see a rise to previous high, double top is a possibiity, but I won't be trading it. This move is strong and I think we'll now race to 143.

Still holding long.
If the local high is taken out, she will retest the top of the bullish channel (1hr) located around 143-50-60ish. Posted screenshots at my journal.

sometospend Feb 26, 2009 10:49am | Post# 162499

im in for a little short from the top tight sl,141.44

marcb Feb 26, 2009 10:50am | Post# 162500

CHFJPY
 
Hi Piters,
sorry for asking something different from GJ, but I would like your opinion on CHFJPY.
On 1hr there is a diamond that's been broken to the upside.
I am long on this.
What do you think it could be a potential target?
Thanks!
Marc


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