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

  • #55,241
  • Dec 14, 2007 9:48am Dec 14, 2007 9:48am
Market makers foolin'gbp/jpy traders,what else is this everything moving and this girl just been ranging all the time..I hate when they waste my time.
Boyy,trap money,like bear hunters.
  • #55,242
  • Dec 14, 2007 9:50am Dec 14, 2007 9:50am
Quoting Pyramid
2.0285 is Second Support of GU , very likely to break , Most of the famous chartists predicts the GU to fall into 1.9 and on longer term to 1.6
Yeah eventually it will break as it is in a downtrend right now, however we could see it retest 2.0350, 2.0400, 2.0450, 2.0600 resistance before breaking and that could take days, weeks or even month who knows. Right now it seems to be stuck in a range like GJ and many other pairs. . .

Also, looks like the bottom of the range is 2.01984 and the top is 2.06244 for GU. . .
  • #55,243
  • Dec 14, 2007 9:54am Dec 14, 2007 9:54am
thanks, the picture made it all very clear

R

Quoting PipChick
Since it is fri I will wait for either a bounce off of yesterdays lo to buy or a break of the INVERSE 1 hr h/s. I prefer the longer term trades too. Patience.
  • #55,244
  • Dec 14, 2007 9:54am Dec 14, 2007 9:54am
Quoting Pyramid
UJ just broke the Resistance 113.11 and the next resistance is 113.78 and seems our New Support is 112.70 and 112.08
I think you'll see it get "toppy" around 113.50/60's, tough resistance up there and many are shorting all the way up including myself . . .
  • #55,245
  • Dec 14, 2007 10:12am Dec 14, 2007 10:12am
We're ranging here, market hasn't digested the latest CPI #s imo. UJ keeps going up on the strengthening dollar, while inflation concerns are challenging future interest rate cuts, which are presumably built into the market to some extent. My analysis for whatever it's worth.....gj could go up, down, or sideways
  • #55,246
  • Dec 14, 2007 10:13am Dec 14, 2007 10:13am
Quoting woolley
HI guys sort of new to this thread, many good traders in here by what ive seen so far, just looked at EUR/USD on the 4hr and it looks like a txt book head and shoulders break of the neckline. will this effect the pound yen your feedback much appreciated.
EJ is being supported by UJ buying right now and will probably stay stuck in the 162.50/165.00 range until either UJ moves lower and resumes the downtrend or EU moves lower to complete its correction from the move higher. Because EJ is in an uptrend right now I think we'll see it get toppy @ 166/167 area before completing this final wave up then start heading back down to the lows or new lowes. . .
  • #55,247
  • Dec 14, 2007 10:14am Dec 14, 2007 10:14am
Quoting mrxit
We're ranging here, market hasn't digested the latest CPI #s imo. UJ keeps going up on the strengthening dollar, while inflation concerns are challenging future interest rate cuts, which are presumably built into the market to some extent. My analysis for whatever it's worth.....gj could go up, down, or sideways
  • #55,248
  • Dec 14, 2007 10:17am Dec 14, 2007 10:17am
thank you Quecee5 much appreciated.
  • #55,249
  • Dec 14, 2007 10:18am Dec 14, 2007 10:18am
All I can say is next week things are going to get very interesting. As a lot of these moves are starting to look exhausted. We'll more than likely see some agressive moves next week either to the extreme high side (233/236) or the extreme low side (221/218 or lower. . .)

Just my take on this looking at price action. . .
  • #55,250
  • Dec 14, 2007 10:21am Dec 14, 2007 10:21am
Quoting woolley
thank you Quecee5 much appreciated.
corrected a few errors, trying to type and watch price action at the same time. . .
  • #55,251
  • Dec 14, 2007 10:29am Dec 14, 2007 10:29am
Quoting quecee5
I think you'll see it get "toppy" around 113.50/60's, tough resistance up there and many are shorting all the way up including myself . . .
Technically I see UJ getting 'toppy' ,ie forming a Double Top around the 61.8 fib where I will be looking to build longterm shorts with targets below the supporting monthly TL.

Also the supporting TL on weekly-GU seems strong enough to propel GJ to 231 and higher. My 2cents.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly uj.gif Size: 13 KB
Click to Enlarge Name: weekly gu.gif Size: 13 KB
  • #55,252
  • Dec 14, 2007 10:49am Dec 14, 2007 10:49am
Geez I was expecting a big move today as some of the senior traders were.

But it happened only on e/u and g/u and not g/j ........too bad.
  • #55,253
  • Dec 14, 2007 11:12am Dec 14, 2007 11:12am
Quoting Pyramid
Market Seems to wait for a good CPI news ( US) . Like yesterday shock on PPI , It may be an other shock because of CPi ,
If you already have opened a long trade , I guess keep it , while the news and all long day , just you will see a volatility on the market.
Oil Prices and Commodity Currencies are under pressure.

Also , We may see EUR/USD 1.43x It means , GJ , will move around 232.xx

Also , Aus Indicators also shows bullish , But If you want to join , Be , careful , it may drop a while , so , you have to risk too much , and use wider SL.


As you see market went up.... But be Careful , Close any open and trade tonight , because it will open too much low on monday...
Imagination is more important than knowledge. -- Albert Einstein
  • #55,254
  • Dec 14, 2007 11:29am Dec 14, 2007 11:29am
Quoting birdt
fer cough.
Why did you cough? Did you have a fer ball?
  • #55,255
  • Dec 14, 2007 11:32am Dec 14, 2007 11:32am
Does anyone feel that this pair is becomming somewhat disconnected from the equity markets? It seems that if there is a big equity move it will follow, but 150 points or less in Dow seems to be almost ignored. This is a big problem for me because my expertise lies in fundamental analysis of US economy. If this pair disconnects, I am in trouble---I am a pretty good chartist, but not good enough to make a living doing it! Any thoughts would be appreciated.
  • #55,256
  • Dec 14, 2007 11:33am Dec 14, 2007 11:33am
Quoting forexnovice
Technically I see UJ getting 'toppy' ,ie forming a Double Top around the 61.8 fib where I will be looking to build longterm shorts with targets below the supporting monthly TL.

Also the supporting TL on weekly-GU seems strong enough to propel GJ to 231 and higher. My 2cents.
I guess eveything is relative huh?
Longer-term I can see it possibly happening but not before heading lower in the short term.

UJ is due for a 3 wave correction down after completing this 5 wave structure up so I would imagine that is should be topping out right about were its trading but could extend up to 114 before reversing lower. . .

Btw, good charts. . .
  • #55,257
  • Dec 14, 2007 11:52am Dec 14, 2007 11:52am
Quoting FX-Petra
Does anyone feel that this pair is becomming somewhat disconnected from the equity markets? It seems that if there is a big equity move it will follow, but 150 points or less in Dow seems to be almost ignored. This is a big problem for me because my expertise lies in fundamental analysis of US economy. If this pair disconnects, I am in trouble---I am a pretty good chartist, but not good enough to make a living doing it! Any thoughts would be appreciated.
FXPetra, noticed the same thing which leads me to believe there is an agenda behind this last ditched effort to push price up.

This probably would be a good question for Gene22 to give the "meat and potatoes' behind it all. . . Might want to post it over there as well. . .

Do a search on Lazy Analyses and it should come up. . .
  • #55,258
  • Dec 14, 2007 12:11pm Dec 14, 2007 12:11pm
Quoting FX-Petra
Does anyone feel that this pair is becomming somewhat disconnected from the equity markets? It seems that if there is a big equity move it will follow, but 150 points or less in Dow seems to be almost ignored. This is a big problem for me because my expertise lies in fundamental analysis of US economy. If this pair disconnects, I am in trouble---I am a pretty good chartist, but not good enough to make a living doing it! Any thoughts would be appreciated.
I can't give you too much advice except this; You need to learn to adapt to a changing environment. The foreign exchange market changes every year, it seems. You need to be able to create a means for yourself to efficiently trade even while it is changing. I've noticed that the correlations between pairs and other instruments (whether they be currencies, indexes, or commodities) have gone astray quite a bit from each other. This has been happening, but the question to you is, are you really going to sit down and say to yourself, "I can't adapt." No, what you need to be doing, instead of saying that you can't make a living off of being a chartist, is learning to do it more proficiently. After all the crap is done with, I think it will get back into sync with the dji, but for now they are seperate entities with two unique trading styles. You just have to learn to realize them as that, and then figure out how to make money off of two different things, instead of the one (as they were). In other words, expand your horizons past the US economy as well. It's more work, but it will pay off. I'm in the process of doing the same thing actually. I've been reading every book possible learning what effects the markets in terms of news, along with how and why each economy acts as it does. Still a long way to go, but I'll get there, just as I would expect you to.
I dream, therefore I become.
  • #55,259
  • Edited 12:52pm Dec 14, 2007 12:12pm | Edited 12:52pm
Quoting fer
to rusty/rusted--are you still sitting there for cpi to have given you 200 pips and more? read above

suddenly everyone now starts thinking about locking profits when they are short. and when i locked them in they complained i was scalping. guess you know whos having the last laugh.

and funnily the one who keeps on posting pics think he's being funny. let me bring you to reality as you have been called the hall monitor before. your pics aint that funny. lets see how this boils you up now. oops forgot i am in your ignore list. lol

stop dreaming about 200-300 pip moves today. trade wise.

some say short some say long i say read the above quote, close your computers and have a good weekend.

fer
wilya come to this corner Mister!.@###!?sH!!!!!!!!!!!!!!!!t
I don like it when somebody scraps on the streets. shutup an use some other place fur ur wisdim dispensing.
this's aus domain
don like it?????
just leave!!!!!!!!!!!!!!!!!!!!!!!!
Its his ( an his buddies' ) thread.
I've a suggestion
Wanna hit back? Open a thread with ur scrap in your hand or ur face (as u decide) and see how many shit on you.
This thread is cross 55k posts. jussst grow up Kiddo!!!!
or don grow up, like my biological kids!
(perhaps God wished it this way.)...............
/////////////
..............
BTW I come aseeking peace and I find posting like urs and it reminds me of my kids who were lost to me...............

No harm to any body. jus feelin bad and nobody to share the pains of ol bag of bones
Hey fer! I'll be happy fur u if concentrate on what u perceive (get from the charts or the board) instead of what u already know
  • #55,260
  • Dec 14, 2007 12:41pm Dec 14, 2007 12:41pm
poooooof
another bad day with endless fight and lack of tolerance in this thread.
i'm sad for my favorite thread.
unfortunately
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