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

  • #58,021
  • Jan 9, 2008 9:00am Jan 9, 2008 9:00am
4hr/1hr strategy trade on GBP/CHF
  • #58,022
  • Jan 9, 2008 9:23am Jan 9, 2008 9:23am
01:27 NEWS: Japan Margin Player Positioning - Mixed, Still Short JPY Tokyo, January 8. Data from Quick Global Information as of yesterday show Japanese margin players still very long other currencies against JPY. That said, there seems to be some disparities in the extent to which they are long other currencies. Net long USD positions have not changed all that much at 80.8% yesterday against 80.6% as of Friday, the first trading day of the year in Tokyo, and 80.4 as of December 25. Despite the recent unpopularity of GBP, GBP/JPY net longs remain high with 78.2% as of yesterday and 78.7% as of Friday. December 25 saw 85.3%, suggesting a number were stopped out on the slide over the Tokyo holidays.
  • #58,023
  • Jan 9, 2008 9:28am Jan 9, 2008 9:28am
Quoting Trumpcard
4hr/1hr strategy trade on GBP/CHF
Wait before entry on this one. Historic support and showing signs of reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 25 KB
  • #58,024
  • Jan 9, 2008 9:33am Jan 9, 2008 9:33am
Quoting birdt
Wait before entry on this one. Historic support and showing signs of reversal.
agreed!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,025
  • Jan 9, 2008 9:35am Jan 9, 2008 9:35am
would love to see a rally this week so I can load some shorts but we may not get it, and here's why:

NEW YORK (CNNMoney.com) -- Sometimes when it rains, it pours on Wall Street. And next week, forecasters are calling for a flood.
Beginning next Monday, Wall Street will most likely find itself drowning in a torrent of dreary earnings news from some of the nation's biggest banks, marking yet another grim milestone for the troubled financial sector.
"It's not going to be a pretty sight," said Frank Barkocy, director of research at the investment advisory firm Mendon Capital Advisors in New York, which owns shares of a number of large banks including Bank of America and Washington Mutual.
Of the five banks and brokers scheduled to report results next week, three are expected to post a fourth-quarter loss - Merrill Lynch (MER, Fortune 500), Citigroup (C, Fortune 500) and Washington Mutual (WM, Fortune 500). JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) are expected to report a decline in quarterly earnings.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,026
  • Jan 9, 2008 9:43am Jan 9, 2008 9:43am
Quote
Today 09:30am
Fed's Poole:- Watching both inflation and recession risks, Too early to tell if housing will cause recession, 2008 to be year of rising growth - Investment professionals have made many mistakes.
- Notes economic fundamentals remain strong, and turmoil will take a while to play out.

An optimistic view. I think it must be a typo, it's actually spelt R E C E S S I O N.
  • #58,027
  • Jan 9, 2008 9:46am Jan 9, 2008 9:46am
Date: 2008/01/09 Time: 14:12 (GMT +1) Ticker: GBPJPY Last: 214.82 Pivot: 214.1 1st sup. 214.1 2nd sup. 213.5 3rd sup. 213 1st res. 215.45 2nd res. 216 3rd res. 216.5 Title: GBP/JPY intraday: rebound expected Summary: Update on supports and resistances. Story: Pivot: 214.1

Our preference: Long positions above 214.1 with targets @ 215.45 & 216 in extension.

Alternative scenario: Below 214.1 look for further downside with 213.5 & 213 as targets.

Comment: the pair has rebounded on its support and should reach its next resistance, the RSI is turning up.
http://www.tradingcentral.com/chart/...0109140616.GIF
  • #58,028
  • Jan 9, 2008 10:04am Jan 9, 2008 10:04am
Quoting birdt
An optimistic view. I think it must be a typo, it's actually spelt R E C E S S I O N.
Hay Birdt. Long time,,, no talkie. Anyway, love reading your info. Can you tell me if that is a Stocastic you are using in the botton window of the chart you recently posted? Also, hope you had a good Chrissie. Al
There is no greater gift than to be a friend.
  • #58,029
  • Jan 9, 2008 10:11am Jan 9, 2008 10:11am
just a simple naked chart i am looking at. looking for a break either way. red ma is a 50 ema which has proved tough resistance so far. small descending triangle, looking for a break up with a couple TL's as initial resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minr.gif Size: 19 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,030
  • Jan 9, 2008 10:17am Jan 9, 2008 10:17am
Quoting moneymagnet
just a simple naked chart i am looking at. looking for a break either way. red ma is a 50 ema which has proved tough resistance so far. small descending triangle, looking for a break up with a couple TL's as initial resistance.
Be careful with longs. Head and shoulders on the 1 hr chart. (g/j)
  • #58,031
  • Jan 9, 2008 10:20am Jan 9, 2008 10:20am
Quoting PipChick
Be careful with longs. Head and shoulders on the 1 hr chart. (g/j)
too weird. i was typng u to see what u were looking at and i scrolled down and saw your response. freaky
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,032
  • Jan 9, 2008 10:21am Jan 9, 2008 10:21am
Seriously...everybody here needs to start looking at higher charts. Check out your dailies, we had a pin bar which indicates price is going to move downwards after it rejected the higher price. I don't need a big system to tell me that and neither do you (everyone and anyone). I'm just saying that because I want the best for everybody here. look higher instead of lower. Stop looking for action, if that's what your looking for then go race motocross or something.
I dream, therefore I become.
  • #58,033
  • Jan 9, 2008 10:22am Jan 9, 2008 10:22am
Right now, I could realistically see a retrace to 215 and then another drop.
I dream, therefore I become.
  • #58,034
  • Jan 9, 2008 10:28am Jan 9, 2008 10:28am
Quoting moneymagnet
too weird. i was typng u to see what u were looking at and i scrolled down and saw your response. freaky
LOL
  • #58,035
  • Jan 9, 2008 10:32am Jan 9, 2008 10:32am
Quoting mike w
Seriously...everybody here needs to start looking at higher charts. Check out your dailies, we had a pin bar which indicates price is going to move downwards after it rejected the higher price. I don't need a big system to tell me that and neither do you (everyone and anyone). I'm just saying that because I want the best for everybody here. look higher instead of lower. Stop looking for action, if that's what your looking for then go race motocross or something.
since i am looking for 50-100 pip trades while we r ranging i tend to look at smaller tf's for my entries. i have order entries ready for the bigger moves but have to take what i can get right now. thats just my style
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,036
  • Jan 9, 2008 10:32am Jan 9, 2008 10:32am
Quoting PipChick
LOL
is this what u r looking at?
Attached Image (click to enlarge)
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #58,037
  • Jan 9, 2008 10:33am Jan 9, 2008 10:33am
Quoting mike w
Right now, I could realistically see a retrace to 215 and then another drop.
I dont see that at all Mike because of the hourly H/S. IF the NL in broke, it will take us to the 78.6 fib (211.46)of the last large swing up on the weekly chart from 1/8/06 to 7/15/07.

Edit..this is only an analysis if the NL breaks. May be setting this h/s up for the interest rate decision tomorrow.
  • #58,038
  • Jan 9, 2008 10:34am Jan 9, 2008 10:34am
Quoting moneymagnet
since i am looking for 50-100 pip trades while we r ranging i tend to look at smaller tf's for my entries. i have order entries ready for the bigger moves but have to take what i can get right now. thats just my style
I would agree with that. Believe me, I wasn't aiming that at you MM. I was telling that basically to newcomers reading the thread without the experience to handle smaller timeframes efficiently. I do the same thing, but normally I only move to the 4 hour timeframe.
I dream, therefore I become.
  • #58,039
  • Jan 9, 2008 10:35am Jan 9, 2008 10:35am
Quoting moneymagnet
is this what u r looking at?
The right shoulder is lower. Lemme see if I can get my print screen to work.
  • #58,040
  • Jan 9, 2008 10:35am Jan 9, 2008 10:35am
Quoting PipChick
I dont see that at all Mike because of the hourly H/S. IF the NL in broke, it will take us to the 78.6 fib (211.46)of the last large swing up on the weekly chart from 1/8/06 to 7/15/07.

Edit..this is only an analysis if the NL breaks. May be setting this h/s up for the interest rate decision tomorrow.

I see your point on that Pipchick. That retracement up to 215 is just theoretical. If it would happen, I'd be ready to load more shorts up there again.
I dream, therefore I become.
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