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

  • #56,201
  • Dec 26, 2007 10:03am Dec 26, 2007 10:03am
Quoting forexnovice
Trading in thin markets could result in this....:


Good morning Forexnovice. . .
  • #56,202
  • Dec 26, 2007 10:08am Dec 26, 2007 10:08am
Quoting quecee5


Good morning Forexnovice. . .
Good Evening Quecee5 and All the Merry Traders on this thread
  • #56,203
  • Dec 26, 2007 11:43am Dec 26, 2007 11:43am
I thought this was an interesting article that should be read


http://www.telegraph.co.uk/money/mai...ccrisis123.xml
  • #56,204
  • Dec 26, 2007 11:48am Dec 26, 2007 11:48am
good evening guy.. can me join u all...
  • #56,205
  • Dec 26, 2007 12:17pm Dec 26, 2007 12:17pm
I see price ranging for the next 12 hours or so. The regular daily pivot has moved up to the 226 area, with S1 support around 225.5 and R1 resistance around 226.4. The NY session daily pivot is just about the same with a pivot point of 226.05, S1 of 225.62, and R1 of 226.51. Each of these suggest a range of about 100 pips, and in the same general area.

The 4hr Gann HilLo is currently 225.97, the daily 5sma is 225.95, and the 1hr 100sma is 225.85. This confluence could act as further resistance to the downside, decreasing the ranging activity. But a faultering GBP, or a falling Dow (100 points or so) would cut right through them and allow price to hit S1.

I see a general bullishness to this pair. Pivot points are increasing. Price has been closing above the 1H and 4H Ganns. The 4H QQE is crossed bullish. If fundamentals or GBP problems don't interfere, I would expect price to seriously challenge 227 during the next London and NY sessions. It could even happen earlier. But it's probably best to keep an open mind about it for now, so assumptions don't get in the way of seeing things clearly later on when it counts.

  • #56,206
  • Dec 26, 2007 12:23pm Dec 26, 2007 12:23pm
Quoting fxtrend
I thought this was an interesting article that should be read


http://www.telegraph.co.uk/money/mai...ccrisis123.xml
Thanx mate
  • #56,207
  • Dec 26, 2007 12:41pm Dec 26, 2007 12:41pm
Closed a couple of my longs at 226.45. Not sure where this thing is going having resistence at 200 EMA on 1hr. STOCH and Momentum on 4HR pretty flat RSI is pointing a little up. Will wait for the next 4H candle to decide where to go from here. Q any opinions on this? Also strong resistence at 50 EMA on 4 Hr
  • #56,208
  • Dec 26, 2007 12:52pm Dec 26, 2007 12:52pm
Quoting vinesh2
Closed a couple of my longs at 226.45. Not sure where this thing is going having resistence at 200 EMA on 1hr. STOCH and Momentum on 4HR pretty flat RSI is pointing a little up. Will wait for the next 4H candle to decide where to go from here. Q any opinions on this? Also strong resistence at 50 EMA on 4 Hr
Actually the 1H 200ema and the 4H 50ema are the same moving average. They're just on different charts (4 x 50 = 200). If we can get an hourly close above this, it will improve the bullish outlook.
  • #56,209
  • Dec 26, 2007 1:00pm Dec 26, 2007 1:00pm
Quoting vinesh2
Closed a couple of my longs at 226.45. Not sure where this thing is going having resistence at 200 EMA on 1hr. STOCH and Momentum on 4HR pretty flat RSI is pointing a little up. Will wait for the next 4H candle to decide where to go from here. Q any opinions on this? Also strong resistence at 50 EMA on 4 Hr
The top of the range seems to lie ar'd 226.80/85 area. If we touch this area and resistance holds I think we'll see 225.10/15 later today. A break above sees 227.10/20 1st target. . .

The key to watch is UJ and GU, if GU gets above 1.9850 resistance next target for it is 1.9890. Likewise for UJ, a break above its daily pivot @ 114.24 could see another run up to re-test 114.50, all of this would be bullish for GJ. . .

Looking at 4hr, mom's looks to be turning over toward the downside, stoch look to be OB, RSI looks to have room to move up some. no change in macd, seem to be flat. . .

Right now I'm still bearish biased for a run down toward 225 area after NY close but in much later sessions. . .
  • #56,210
  • Dec 26, 2007 1:03pm Dec 26, 2007 1:03pm
Looks like GU is (or was) having a minor rally, and pulling GJ up with it. Hmm . . .
  • #56,211
  • Dec 26, 2007 1:08pm Dec 26, 2007 1:08pm
Quoting Pips_Cruiser
I always value your analysis. Is there anything your last sentence that should edited?
Yes actually in the last couple of sentences. . .
See edited version. . .
  • #56,212
  • Dec 26, 2007 1:52pm Dec 26, 2007 1:52pm
Quoting quecee5
The top of the range seems to lie ar'd 226.80/85 area. If we touch this area and resistance holds I think we'll see 225.10/15 later today. A break above sees 227.10/20 1st target. . .

The key to watch is UJ and GU, if GU gets above 1.9850 resistance next target for it is 1.9890. Likewise for UJ, a break above its daily pivot @ 114.24 could see another run up to re-test 114.50, all of this would be bullish for GJ. . .

Looking at 4hr, mom's looks to be turning over toward the downside, stoch look to be OB, RSI looks to have room to move up some. no change in macd, seem to be flat. . .

Right now I'm still bearish biased for a run down toward 225 area after NY close but in much later sessions. . .
gu looks interesting on charts.... on weekly we look like we are headed down for sure.... on daily we are still in down movement but in need of retracing first..... on 4 hour we have a tdsequential "9" indicating a possible start on new upswing but we have stalled at the upper TL as expected..... IF that TL breaks we could see a nice retrace up on gu b4 any big fall resumes.... on the other hand if g/u cant get enough steam to break the upper TL the bigger down trend continues..... of course we could just range between the TLs until it decides..... my 2 cents
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu fun.gif Size: 28 KB
Click to Enlarge Name: gu daily.gif Size: 29 KB
Click to Enlarge Name: gu h4.gif Size: 26 KB
  • #56,213
  • Dec 26, 2007 1:57pm Dec 26, 2007 1:57pm
Looks like we are heading for 100SMA on 4H 226.90 - 227. Strond resistence there. STOCH still has some gas to go up there.
  • #56,214
  • Dec 26, 2007 2:06pm Dec 26, 2007 2:06pm
Quoting vinesh2
Looks like we are heading for 100SMA on 4H 226.90 - 227. Strond resistence there. STOCH still has some gas to go up there.
Still no change in my view, I think we just saw the top of the range for today. I'm expecting 225.75/80 1st target, 225.53, 225.10/15 next targets in later sessions. . .

If GJ go much higher, targets are 227.10/30 area, not sure UJ or GU has enough gas to get it there at this point but anything is possible. . .

Lets see how this plays out!
  • #56,215
  • Dec 26, 2007 2:14pm Dec 26, 2007 2:14pm
Agreed. All I am saying is that till 5PM EST we might visit a higher 226 area and then head on back down to the 225.50 region. Since its tripple interest day big boys would probably want to earn big time interest and take this high and then crash it to the low's of previous couple of sessions.
  • #56,216
  • Dec 26, 2007 2:24pm Dec 26, 2007 2:24pm
Quoting vinesh2
Agreed. All I am saying is that till 5PM EST we might visit a higher 226 area and then head on back down to the 225.50 region. Since its tripple interest day big boys would probably want to earn big time interest and take this high and then crash it to the low's of previous couple of sessions.
Yep, we are in total agreement on that. I'm looking for it to touch at least 226.80/85 area if not slightly higher on a run up and as soon as NY close it will probably drop off drastically.
  • #56,217
  • Dec 26, 2007 2:26pm Dec 26, 2007 2:26pm
I concur with Jarroo's post http://www.forexfactory.com/showpost...ostcount=56106. Also the 50fib on the 4hr has been completed with yesterdays low being around 225. Not trading this week but on the expectations side, 228.5 at the very least b4 Friday's close.

Good Night All.. Good Luck Trading
  • #56,218
  • Dec 26, 2007 3:52pm Dec 26, 2007 3:52pm
Looks like this thing is stalled till 5pm
  • #56,219
  • Dec 26, 2007 3:56pm Dec 26, 2007 3:56pm
Quoting vinesh2
Looks like this thing is stalled till 5pm
Its being propped up for the interest. . .
Watch how it drops come 5 pm they always try to screw u on the postive interest. . .
  • #56,220
  • Dec 26, 2007 4:00pm Dec 26, 2007 4:00pm
HAHAHAH ! it did happen
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