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

  • #63,641
  • Feb 27, 2008 1:05am Feb 27, 2008 1:05am
hi guys ....

just my personal preview at H4...i see gj strong UT now...maybe...because..gj finish create...double...TOpup...(overboug ht)....so i take to short right now...my first Take profit...at..fibo level 50%....(212.00)....Sl at high..213.50......just my 2 cent opinion....wish me luck guys...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.JPG Size: 93 KB
  • #63,642
  • Feb 27, 2008 1:11am Feb 27, 2008 1:11am
Quoting karmostaji
I don't think so, today's momentum is very bearish. UJ could possibly break it's lower daily TL and fall like a rock.
Yup.
UJ 4H is below the lower TL now, but we still have 50min before it closes.
But, if she breaks this, I think this'll help GJ be a reversal and not retrace.

209.50 area would be my guess if we get GJ 4H QQE cross down and UJ closes below 106.90 area.

Fine with me.... Load up at 209.5 for our trip up to 217 next week.

Personally ,I'd love that, as Monday my twin daughters will be born and I won't be able to trade much next week, so to just let a few longs cook to 214 and then 217 all week, would be great.....

Oh, all that Posi swap too.....
  • #63,643
  • Feb 27, 2008 1:15am Feb 27, 2008 1:15am
Quoting malcolmb14
gbpusd flying up above high of day
oh that means once gu stops climbing , we ll have gj falling ... that is if gu stops ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #63,644
  • Feb 27, 2008 1:38am Feb 27, 2008 1:38am
Quoting fising
hi guys ....

just my personal preview at H4...i see gj strong UT now...maybe...because..gj finish create...double...TOpup...(overboug ht)....so i take to short right now...my first Take profit...at..fibo level 50%....(212.00)....Sl at high..213.50......just my 2 cent opinion....wish me luck guys...

Look at gbpusd 60 min ,, it is flying up .... there is nothing bearish about this 15 min chart GBPJPY

Attachment
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  • #63,645
  • Feb 27, 2008 1:41am Feb 27, 2008 1:41am
gu is out of gas now .... uj violated a hand s (going short) so gj should drop some frome here.... low risk shrot here IMO charts to follow

gl e1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ujdown.gif Size: 16 KB
Click to Enlarge Name: gu down.gif Size: 18 KB
  • #63,646
  • Feb 27, 2008 1:45am Feb 27, 2008 1:45am
I agree Dagoods, also the hourly chart could be finishing the head and shoulders pattern needed to push this down pretty far.
  • #63,647
  • Feb 27, 2008 1:46am Feb 27, 2008 1:46am
Quoting dagoods
gu is out of gas now .... uj violated a hand s (going short) so gj should drop some frome here.... low risk shrot here IMO charts to follow

gl e1

Dojis rarely lie on usdjpy. We have one forming on daily trend line 60 min

Also GBPUSD has a few more pips to go till daily support.

Interesting 60 min on both usdjpy and gbpusd... they both look like they want to retrace.

Anything could happen here , unless 212.5 broken ( the bottom of that channel last posting) I am long into 214 zone. I really hope we reach it before GDP comes out.
Blogging daily now at www.volume.zone
  • #63,648
  • Feb 27, 2008 1:49am Feb 27, 2008 1:49am
Quoting malcolmb14
Dojis rarely lie on usdjpy. We have one forming on daily trend line 60 min

Also GBPUSD has a few more pips to go till daily support.

Interesting 60 min on both usdjpy and gbpusd... they both look like they want to retrace.

Anything could happen here , unless 212.5 broken ( the bottom of that channel last posting) I am long into 214 zone. I really hope we reach it before GDP comes out.


Usd.Jpy weeklies are working on the second inside bar. Break below 106.70 would would be considered a breakout (on a weekly timeframe).

Also, equities are very strong and yen is soaring. Maybe it's the yen's turn to weaken and do some heavy lifting for the invigorated carry trade.
"Timing Is Everything. Really I Swear It Is"
  • #63,649
  • Edited 2:21am Feb 27, 2008 1:55am | Edited 2:21am
Quoting malcolmb14
Dojis rarely lie on usdjpy. We have one forming on daily trend line 60 min

Also GBPUSD has a few more pips to go till daily support.

Interesting 60 min on both usdjpy and gbpusd... they both look like they want to retrace.

Anything could happen here , unless 212.5 broken ( the bottom of that channel last posting) I am long into 214 zone. I really hope we reach it before GDP comes out.

agrred the trend is up so.... may go up.... but i was just saying this is a good spot to trade.... low risk tight stop opportunity that it will retarace from here and give some pips.... but as usual trade what u see.... and according to your own plan ....

just noting an observation of MY plan is all.... for sharing and learning only


PS i posted GU chart above

PSS i have long targets also just think this may be a spot for a retrace to happen if not.... no problem stop and reverse fro me easy..... appreciate the counterpoints

keep up the good analsis e1 i continue to learn from all of you


regards

PSS uj may not being going short just yet and i see that! thanks guys.... uj the key here as pointed out.....


lets see which way it breaks

see updated chart.... drawn from the daily... it is not violated yet....so wait for break b4 shorting is my plan now

THANKS GUYS


pss still think short is low risk opportunity though... at least this is my bias.... the resistance on gj must hold or else we going long again... i think a retrace first... but lets see..... (gj chart below)

what do u all think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 17 KB
Click to Enlarge Name: gj.gif Size: 13 KB
  • #63,650
  • Feb 27, 2008 2:29am Feb 27, 2008 2:29am
Quoting dagoods
pss still think short is low risk opportunity though... at least this is my bias.... the resistance on gj must hold or else we going long again... i think a retrace first... but lets see..... (gj chart below)

what do u all think?
Hey Dagoods, how's it goin man? I'm in the same boat as you for right now. 213 is a solid psychological level, plus we have solid charting to back it up. Just looking at the dailies, and you'll see it hasn't been able to break in a while. I think we'll see a solid retracement from here in order to gain more buyers for the upmove. I'm looking to possibly see the 210's again, before any long positions would look enticing.

212 looks to be a shoe in before the days close in any case.
I dream, therefore I become.
  • #63,651
  • Feb 27, 2008 2:36am Feb 27, 2008 2:36am
Quoting mike w
Hey Dagoods, how's it goin man? I'm in the same boat as you for right now. 213 is a solid psychological level, plus we have solid charting to back it up. Just looking at the dailies, and you'll see it hasn't been able to break in a while. I think we'll see a solid retracement from here in order to gain more buyers for the upmove. I'm looking to possibly see the 210's again, before any long positions would look enticing.

212 looks to be a shoe in before the days close in any case.

thanks mike! at least i'm not completely nuts in my thinking lol



PS there goes uj!!!!!!!!!!!!!!
  • #63,652
  • Feb 27, 2008 2:37am Feb 27, 2008 2:37am
We are going DOWN !!!!
  • #63,653
  • Feb 27, 2008 2:42am Feb 27, 2008 2:42am
what a naughty 5 min. bar there... 65 pips
  • #63,654
  • Feb 27, 2008 2:42am Feb 27, 2008 2:42am
Quoting dagoods
thanks mike! at least i'm not completely nuts in my thinking lol



PS there goes uj!!!!!!!!!!!!!!

Sure thing man! Oh and I don't think I'm a good relation to not thinking your nuts. I'm pretty sure I am too, and if not, just give it another year in the markets. lol

Yep, I'm looking at U/j too. Looking at the weekly charts, last week was a bearish engulfment pattern. With that, I would look to see this week close solidly underneath it.

Monthlies are going to be coming out too, so I'm going to be on the lookout for that as well. G/U is primed for more upside IMO, after a retracement comes into play. That should fuel the upmove on g/j over the next week or two. After that comes into play, I'm looking to see this thing freefall along with the usd/jpy.
I dream, therefore I become.
  • #63,655
  • Feb 27, 2008 2:44am Feb 27, 2008 2:44am
Quoting Bernanke_Sr
what a naughty 5 min. bar there... 65 pips

That would be a scalpers delight....or nightmare! Whichever way they would be in the trade. I couldn't imagine that headache anymore lol
I dream, therefore I become.
  • #63,656
  • Feb 27, 2008 2:44am Feb 27, 2008 2:44am
venci my bro..stop posting like that..it's a bad habbit..yelling a pair to go down or up, and just like that, ....you make her shy

Quoting venci
We are going DOWN !!!!
  • #63,657
  • Feb 27, 2008 2:47am Feb 27, 2008 2:47am
Quoting parlenk
venci my bro..stop posting like that..it's a bad habbit..yelling a pair to go down or up, and just like that, ....you make her shy
I'm sorry ... I was too exited
I'm waiting this Yen from yesterday...

many pips for all
  • #63,658
  • Feb 27, 2008 2:50am Feb 27, 2008 2:50am
Mike,

I'm with you.
210 should happen if UJ keeps going down.

Major break of the 4H lower TL and QQE will be down on the GJ at this point.

That is always good for 2-300 pips.

Gann HiLo was hit on the 4H a close below and QQE and we'll have this small reversal and not a retrace.

Load up at 209.8 area and go long to 214-217 area next week.

Also, glad I kept that long at 1.45 on the EU......
Still holdin Q ? ;-)

kj
  • #63,659
  • Feb 27, 2008 2:52am Feb 27, 2008 2:52am
Quoting mike w
That would be a scalpers delight....or nightmare! Whichever way they would be in the trade. I couldn't imagine that headache anymore lol
true truee...
thanx god i dont scalp... its too bad for the heart you know...

anyway

usdjpy is very very oversold right now and 212.30 might be a decent support...

watching the market for now.
  • #63,660
  • Feb 27, 2008 2:54am Feb 27, 2008 2:54am
so if the gdp for uk turns out not to great for them how far should we see this thing going down?
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