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

  • #46,301
  • Oct 31, 2007 2:21pm Oct 31, 2007 2:21pm
Also, Would be interesting to see how new Daily MoM opens over VT at 1700EST.
Success has a Thousand Fathers.
  • #46,302
  • Oct 31, 2007 2:21pm Oct 31, 2007 2:21pm
Quoting vinesh2
Would it be a good idea to put a few short with a gain of 50 pips each? Since we know for sure that this thing is going to come down significantly in the next few days
If I knew this was going down for sure, I would put everthing I owned on it.
  • #46,303
  • Oct 31, 2007 2:23pm Oct 31, 2007 2:23pm
The fall will start once the DOw session is over...i think
  • #46,304
  • Oct 31, 2007 2:24pm Oct 31, 2007 2:24pm
Quoting Zoran
If I knew this was going down for sure, I would put everthing I owned on it.
Same here. Do you think that interest day will begin to push north again as it has in previous weeks, and how large are the orders in front of us from the big boys?
  • #46,305
  • Oct 31, 2007 2:25pm Oct 31, 2007 2:25pm
Quoting monarch
240.15 is my high so far, if it reaches that point again, I would venture out on a short myself, then add a couple more shorts on it's rise to 240.50/60 area.

For now, I will wait for the test of the high here before touching shorts.

Just my humble opinion, but a short here for good measure would not hurt. LOL

Ken
As we are so close to a historical S/R (241.06), I think this is a low risk short. In my opinion, it will need to either hold or break so I'll hold or reverse.
  • #46,306
  • Oct 31, 2007 2:29pm Oct 31, 2007 2:29pm
Quoting Zoran
As we are so close to a historical S/R (241.06), I think this is a low risk short. In my opinion, it will need to either hold or break so I'll hold or reverse.
Which way do you guys want it to go and I will enter a trade going the opposite direction. It always seems to work that way.
  • #46,307
  • Oct 31, 2007 2:30pm Oct 31, 2007 2:30pm
Quoting 3013
The fall will start once the DOw session is over...i think
I hope you all have considered the fact that the Japanese economy is not looking too good - wages were down, spending was down.. deflation still persists - in other words.. JPY is weak. Asian sessions have a tendency to go long on yen pairs.

If a 'fall' does take place.. it should be a good chance to get back in for longs. There should be some good correction in GU later.
  • #46,308
  • Oct 31, 2007 2:31pm Oct 31, 2007 2:31pm
Quoting haliker
Which way do you guys want it to go and I will enter a trade going the opposite direction. It always seems to work that way.
I want it to go up so I can add to my shorts!
  • #46,309
  • Oct 31, 2007 2:32pm Oct 31, 2007 2:32pm
Quoting Zoran
As we are so close to a historical S/R (241.06), I think this is a low risk short. In my opinion, it will need to either hold or break so I'll hold or reverse.
I agree the 241.06 is a major player here, I also feel were going to test the 240.15 area we just reached, and I would not put many lots on till it climbs to that point or above it.

With the momentum upwards, and no big Short orders coming in yet, I would think it has a little more steam to try the 241 area, but it would be wise to have the orders in before those big players come in like a storm and leave us in the rain with no umbrella.


Ken
  • #46,310
  • Oct 31, 2007 2:33pm Oct 31, 2007 2:33pm
Quoting haliker
Which way do you guys want it to go and I will enter a trade going the opposite direction. It always seems to work that way.
Sideways
Success has a Thousand Fathers.
  • #46,311
  • Oct 31, 2007 2:36pm Oct 31, 2007 2:36pm
Quoting haliker
Which way do you guys want it to go and I will enter a trade going the opposite direction. It always seems to work that way.
Were Long from the first emergency interest rate statement at 220 area, stop loss is at 220.01.

In that case you need to short right now to catch us!

LOL

Trade whatever you see, that is my style.
  • #46,312
  • Oct 31, 2007 2:42pm Oct 31, 2007 2:42pm
Quoting monarch
I agree the 241.06 is a major player here, I also feel were going to test the 240.15 area we just reached, and I would not put many lots on till it climbs to that point or above it.

With the momentum upwards, and no big Short orders coming in yet, I would think it has a little more steam to try the 241 area, but it would be wise to have the orders in before those big players come in like a storm and leave us in the rain with no umbrella.


Ken
I'm going in for the longer term (holding for days/weeks). This is not an intraday setup so I am sizing everything up appropriately. As a note, there is a Gann timepoint Thurs/Friday so that could see this reverse south (or it could accelerate north). Again, it will be a hold or reverse situation.
  • #46,313
  • Oct 31, 2007 2:43pm Oct 31, 2007 2:43pm
[quote=turn1to100;1691298]Attachment

Hey t1to100 can you explain when a sore thumb is valid and when it isn't because I've reconize what I seem to believe is a sore thumb and it never has the same effect as tour sore thumb.

thanks
  • #46,314
  • Oct 31, 2007 2:46pm Oct 31, 2007 2:46pm
Now Dow will close +(up) and allow USD/JPY to keep up strength and ASAIN session should show strength with +close tonight. Which will weaken the GBP/USD and GBP/JPY....And we will get our fall on GBPJPY in LONDON--and Dow should open -negative until 1pm Tommorow. More info later..
Quoting turn1to100
Now I see upward strength until 2pm News still then we will have no rate cut.Then start our fall until London.But if .25 rate cut then we will have a little way higher to go...But wont last through London session.Early post I said USD/JPY will rise from3-12pmEST make GBP weak which drops GBP/JPY and GBP/USD.
  • #46,315
  • Oct 31, 2007 2:47pm Oct 31, 2007 2:47pm
Nice pic Zoran, lol you crack me up, btw, according to Gann calculations, we should see a top/reversal tomorrow by 20gmt, I'm more curious if i calculated correctly than what the price is going to do at this point. On the other hand some other numbers for reversal were all the way into the 5th of next week. I'm leaning towards tomorrow though. Lets see if that top is near
  • #46,316
  • Oct 31, 2007 2:50pm Oct 31, 2007 2:50pm
I'm seriously wondering if we are crazy, as i'm one of shorts-wearing guys.

I just see no signals for FALL for the coming 8~24 hours, only some divergence (little value) and overbought (little value).

All major signals, QQE up, MAs up, and the price keeps going up and up for a few days.

Isn't it insane to expect a freefall? or starting short now (what i'm doing?)

It is sane to expect a correction of 200 pips in 2 days tho.
  • #46,317
  • Oct 31, 2007 2:51pm Oct 31, 2007 2:51pm
Sore Thumb 101.. When a RED candle is pointing up like a thumb with no wick on the bottom and MOM or ROI is pointing down that is a sign for reversal..Down[quote=icthelite98;1691371]
Quoting turn1to100
Attachment

Hey t1to100 can you explain when a sore thumb is valid and when it isn't because I've reconize what I seem to believe is a sore thumb and it never has the same effect as tour sore thumb.

thanks
  • #46,318
  • Oct 31, 2007 2:55pm Oct 31, 2007 2:55pm
Quoting gene22
Nice pic Zoran, lol you crack me up, btw, according to Gann calculations, we should see a top/reversal tomorrow by 20gmt, I'm more curious if i calculated correctly than what the price is going to do at this point. On the other hand some other numbers for reversal were all the way into the 5th of next week. I'm leaning towards tomorrow though. Lets see if that top is near
Wow, I only read other people's Gann analysis and I have read a few mention similar dates. Check this out (same site but should be the public area) - he posted that two days ago. Also, click on the chat room and we can talk there (rather than posting more here).

http://www.fxsurfer.com/forums/showt...=3020#post3020
  • #46,319
  • Oct 31, 2007 2:59pm Oct 31, 2007 2:59pm
3pmYesterday...and now look for trend break
Quoting turn1to100
WEEK CHARTS UP long term until trend brokenAttachment
  • #46,320
  • Oct 31, 2007 3:02pm Oct 31, 2007 3:02pm
Quoting Zoran
Wow, I only read other people's Gann analysis and I have read a few mention similar dates. Check this out (same site but should be the public area) - he posted that two days ago. Also, click on the chat room and we can talk there (rather than posting more here).

http://www.fxsurfer.com/forums/showt...=3020#post3020
You beat me again, lol, as I was typing you managed to mention tomorrow, stop it....
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