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

  • #51,801
  • Nov 28, 2007 5:30am Nov 28, 2007 5:30am
Quoting cgldsmth
I must say I don't fully understand why people are still short. This pair has bounced off strong support and a 50fib. A close within the outer BB is bullish, especially with triple-swap tomorrow.
my first target is 229, then 237.25, then 250 and beyond.
TRADE FOR SWAP
  • #51,802
  • Nov 28, 2007 5:46am Nov 28, 2007 5:46am
Quoting karmostaji
Possible target 226.60 area
That was quick lol
Trade what you see, not what you think.
  • #51,803
  • Nov 28, 2007 5:47am Nov 28, 2007 5:47am
Quoting karmostaji
That was quick lol
haha..nice call Karmo!

Ken
  • #51,804
  • Nov 28, 2007 5:48am Nov 28, 2007 5:48am
Quoting karmostaji
Possible target 226.60 area
man, just woke up looks like i missed a run
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,805
  • Nov 28, 2007 5:49am Nov 28, 2007 5:49am
Quoting moneymagnet
man, just woke up looks like i missed a run
It is looking too strong, waiting for the new momentum in 10 mins to see what it might do next..
Trade what you see, not what you think.
  • #51,806
  • Nov 28, 2007 5:49am Nov 28, 2007 5:49am
Quoting karmostaji
That was quick lol
how long it could go and what is possible retracement tgt
Thanks
  • #51,807
  • Nov 28, 2007 5:51am Nov 28, 2007 5:51am
Quoting juliekhan
how long it could go and what is possible retracement tgt
Thanks
there's likely to be another good gain on the Dow today (the "2 big candles in a row" hypothesis) which should give the carry trade further legs. GBPCHF has been the biggest gainer so far.
TRADE FOR SWAP
  • #51,808
  • Nov 28, 2007 5:53am Nov 28, 2007 5:53am
As high it goes, that much it has to come down..

may be 220 is possible this time
  • #51,809
  • Nov 28, 2007 5:56am Nov 28, 2007 5:56am
Quoting Srikanth
As high it goes, that much it has to come down..

may be 220 is possible this time

mmm, strange logic for a pair that is in a long-term uptrend and has retraced to it's 50% fib!
TRADE FOR SWAP
  • #51,810
  • Nov 28, 2007 5:57am Nov 28, 2007 5:57am
Quoting karmostaji
It is looking too strong, waiting for the new momentum in 10 mins to see what it might do next..
guys don'y be surprised today if we get descent housing numbers
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,811
  • Nov 28, 2007 5:59am Nov 28, 2007 5:59am
Quoting Srikanth
As high it goes, that much it has to come down..

may be 220 is possible this time
based on potatoes? explain to us how or what theory is that..

Oo wait it's the cowboy theory, my bad.
Trade what you see, not what you think.
  • #51,812
  • Nov 28, 2007 6:00am Nov 28, 2007 6:00am
This power is enough to push it down 224 area!
  • #51,813
  • Nov 28, 2007 6:00am Nov 28, 2007 6:00am
Quoting karmostaji
It is looking too strong, waiting for the new momentum in 10 mins to see what it might do next..
new 4hr momentum on IBFX is bullish, so I remain long and see what the DOW gives us today.
Trade what you see, not what you think.
  • #51,814
  • Nov 28, 2007 6:02am Nov 28, 2007 6:02am
Stocks looking to open lower lets see what that brings us. . .
  • #51,815
  • Nov 28, 2007 6:09am Nov 28, 2007 6:09am
just my 2 pips,

we almost hit the 50% retracement (226.90 area) from the down move from 232.40. i think we may see a 15min 5 sma touch then another leg up before announcements. a strong break and hourly close above 226.90 could extend to 227.84 (100ema) to 228.25 (61.8% fib). but as usual the news and DOW will play a big part. i missed the initail move but might jump oin on a 15 or 30 min 5sma touch. just my opinion for a bull scenario
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,816
  • Nov 28, 2007 6:12am Nov 28, 2007 6:12am
False breakout or not? we'll find out, but the 4h candle closed above the 50ema for the first time after we had the fall from 237 area, so it's bullish for now unless 4h candle closes back below 50ema. Enjoy

http://img510.imageshack.us/img510/1790/gjzg0.gif
Trade what you see, not what you think.
  • #51,817
  • Nov 28, 2007 6:31am Nov 28, 2007 6:31am
Quoting cgldsmth
mmm, strange logic for a pair that is in a long-term uptrend and has retraced to it's 50% fib!
Fair enough GBPJPY has been in a long term up-trend but the situation has changed. 250+ in this economic climate is strange logic. This move up we're witnessing is just greedy people trying to get in at a bottom. Economists and respected financial commentators alike are warning of a US recession and global slowdown. I'm with Markam on this one. Having said that, I'll still just trade the system.
  • #51,818
  • Nov 28, 2007 6:49am Nov 28, 2007 6:49am
Futures are set to open mildly up (fair market value) could push GJ up a bit but the news will ultimatley determine were it goes from here. Right now it's anyones guess.

But as always we must trade what we see and if you are not in by now I would caution trying to chase this pair up unless you see more up movement based on your charts. It appears to me that good news is already factored in the price so additional gains may be tough at this point until the news come out.

As can bee seen this pair has run up and is struggling at the moment to push higher. GJ might get a spike up based on the news and continue north if the news is good but if the new is bad be prepared to cover quickly because it could go against you quickly.

I am mildy bearish against the pair considering the fundamentals and economic of the US economy. . .
  • #51,819
  • Nov 28, 2007 6:55am Nov 28, 2007 6:55am
Quoting quecee5
Futures are set to open mildly up (fair market value) could push GJ up a bit but the news will ultimatley determine were it goes from here. Right now it's anyones guess.

But as always we must trade what we see and if you are not in by now I would caution trying to chase this pair up unless you see more up movement based on your charts. . .

As can bee seen this pair has run up and is struggling at the moment to push higher. GJ might get a spike up based on the news and continue north if the news is goos but if the new is bad be prepared to cover quickly because it could go against you quickly. . .
Some say that news are not so bad...But i canot belive in this ...This is more like we are going to fell very hard...Technicals are not showing that but who can belive that USA economy is now much better then yesterday.
I think we can see furhter gains but than huge fall...But that is me.
Lets trade first what we can see.You said that too
Work smart not hard
  • #51,820
  • Nov 28, 2007 6:56am Nov 28, 2007 6:56am
Quoting karmostaji
False breakout or not? we'll find out, but the 4h candle closed above the 50ema for the first time after we had the fall from 237 area, so it's bullish for now unless 4h candle closes back below 50ema. Enjoy

http://img510.imageshack.us/img510/1790/gjzg0.gif
plus we have 4hr 100 sma at 227.66
also we have neckline in 226.90 area
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