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

  • #3,741
  • Aug 5, 2007 10:40pm Aug 5, 2007 10:40pm
well, the industrial production report is coming in about 4 hours. that could impact the price to either direction...well see
  • #3,742
  • Aug 5, 2007 10:41pm Aug 5, 2007 10:41pm
Quoting VishalJ
I have a feeling it's going to be range bound until the US interest rate decision and the accompanying statements - just a feeling.
good grief, i hope we don't have to wait until tue, i was hoping maybe london session!
Bring It...
  • #3,743
  • Aug 5, 2007 10:42pm Aug 5, 2007 10:42pm
Quoting craazy
Yeah but I'm also seeing news about the yen going up... you'd think it would jump some in asian session.
My feeling is Japan news will be negative for JPY. We may not see any major movement to downside untill 8.30GMT UK news.
  • #3,744
  • Aug 5, 2007 10:45pm Aug 5, 2007 10:45pm
Quoting chonpz
how did u come up with 240.23? trying to learn here... thanks
50% Fib on 1H
  • #3,745
  • Aug 5, 2007 10:45pm Aug 5, 2007 10:45pm
Quoting chonpz
how did u come up with 240.23? trying to learn here... thanks
It's the level stop reverse system I use.. It's very good @ picking up supports & resistance . I will pass on more details about it next week on the system strategy thread.
  • #3,746
  • Aug 5, 2007 10:47pm Aug 5, 2007 10:47pm
Quoting jules
good grief, i hope we don't have to wait until tue, i was hoping maybe london session!
I'm hoping london session too.. but after the bad NFP it seems that everyone is going to focus on what the Feds say now. If they reduce rates.. I don't know what the hell will happen - on one hand, gbp/usd will go nuts.. on the other, US equities.. global equities will rebound in hopes that housing woes will be reduced.. so carry trades might rebound on a massive scale. (not usd/jpy that much.. but gbp/jpy for sure)

If they raise rates.. then just short all mortgage company stocks But pu$$y feds won't do anything.. i think they'll leave the rates alone and talk some crap as usual.
  • #3,747
  • Aug 5, 2007 10:48pm Aug 5, 2007 10:48pm
Quoting VishalJ
I have a feeling it's going to be range bound until the US interest rate decision and the accompanying statements - just a feeling.
I hope not good momentum to down side today..just needs a little push from the news events.
  • #3,748
  • Aug 5, 2007 10:52pm Aug 5, 2007 10:52pm
Aus, correct me if i'm wrong, if G/J break 240.41, it will go up back to 242 range?
  • #3,749
  • Aug 5, 2007 11:00pm Aug 5, 2007 11:00pm
Quoting Kane Rai
50% Fib on 1H
Should be 38.2%, not 50%.
  • #3,750
  • Aug 5, 2007 11:07pm Aug 5, 2007 11:07pm
Quoting trader8686
Should be 38.2%, not 50%.
It's the 50% fib of the 237,61 - 243,09 range.
  • #3,751
  • Aug 5, 2007 11:07pm Aug 5, 2007 11:07pm
Aus I'm long with T/P at around 240.80... you still think its going to reach up there in the upcoming hours?
Craazy
  • #3,752
  • Aug 5, 2007 11:09pm Aug 5, 2007 11:09pm
Quoting Holypendant
Aus, correct me if i'm wrong, if G/J break 240.41, it will go up back to 242 range?
According to my calculation .. If it breaks 241.61 we may see 243.50-244 area.
If it successfully breaks 239.80.. we may see a 300 pip rally towards downside.
  • #3,753
  • Aug 5, 2007 11:10pm Aug 5, 2007 11:10pm
Let's cross our fingers! For the downside move of course.


Frank


Quoting auslanco
According to my calculation .. If it breaks 241.61 we may see 243.50-244 area.
If it successfully breaks 239.80.. we may see a 300 pip rally towards downside.
  • #3,754
  • Aug 5, 2007 11:11pm Aug 5, 2007 11:11pm
Quoting craazy
Aus I'm long with T/P at around 240.80... you still think its going to reach up there in the upcoming hours?
Not sure.. you are taking a big risk against the 4hr trend.. news is due in 50mins be careful .
  • #3,755
  • Aug 5, 2007 11:14pm Aug 5, 2007 11:14pm
Quoting auslanco
Not sure.. you are taking a big risk against the 4hr trend.. news is due in 50mins be careful .

u mean japan news? but the effect of the news is low...

And oso, u mean u will wait for either of tt 2 pts break b4 u trade?
  • #3,756
  • Aug 5, 2007 11:16pm Aug 5, 2007 11:16pm
Quoting Kane Rai
It's the 50% fib of the 237,61 - 243,09 range.
Oh, sorry, I thought that is the current downtrend fib (239.05-243.09)
  • #3,757
  • Aug 5, 2007 11:16pm Aug 5, 2007 11:16pm
Quoting auslanco
It's the level stop reverse system I use.. It's very good @ picking up supports & resistance . I will pass on more details about it next week on the system strategy thread.
thank you for ur generosity...
  • #3,758
  • Aug 5, 2007 11:22pm Aug 5, 2007 11:22pm
I may go short but I will be very careful until all the Strength Indicators turn to downside. Currently My 30mins 15 mins 10mins all bullish... I will be going short with a smaller lot when the 10 min turn bearish and full lots after 30 min turn bearish.
  • #3,759
  • Aug 5, 2007 11:24pm Aug 5, 2007 11:24pm
GBP/JPY - Pivot: 241.52 Support 1: 240.09 Support 2: 239.26 Resist 1: 242.36 Resist 2: 243.79 200 Day MA: 235.85

USD/JPY - Pivot: 118.44 Support 1: 117.57 Support 2: 117.08 Resist 1: 118.93 Resist 2: 119.80 200 Day MA: 119.62

GBP/USD - Pivot: 2.0402 Support 1: 2.0343 Support 2: 2.0280 Resist 1: 2.0465 Resist 2: 2.0523 200 Day MA: 1.9710
  • #3,760
  • Aug 5, 2007 11:30pm Aug 5, 2007 11:30pm
10 min and 30 min .. not turned to downside as yet...
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