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

  • #72,481
  • Apr 8, 2008 2:59pm Apr 8, 2008 2:59pm
Quoting marketwavez
Gbp/Usd

Chart Update ..............

Original Post


----------------------------------------------------------
Wow , This one happened real fast

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great analyzz but if we didnt get today -2.5 from UK we ll not go to ur target...
  • #72,482
  • Apr 8, 2008 3:04pm Apr 8, 2008 3:04pm
Im going to post a naked chart of what could happen IMO ...

Im thinking that if 202.50 or so holds then we could go down from there. if it doesnt we'll be testing the Channel trendline and the 50% Fib level and see sells from there.... keeping into mind 202.20 breaks... Lots of resistance to climb up there.... What do you think Queece? You should post a chart!...
  • #72,483
  • Apr 8, 2008 3:10pm Apr 8, 2008 3:10pm
Yes, see you traders. i must rest up for tomorrow. i must pip!

cheers

ps, here's my updated 4h chart. price comfy between the two blue TL. maybe price will need to come up and retest the top line before heading back down to the lower line? nice how 50% of last week up move held today, so far, near 201.10.
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  • #72,484
  • Apr 8, 2008 3:14pm Apr 8, 2008 3:14pm
Quoting hcruces
Im going to post a naked chart of what could happen IMO ...

Im thinking that if 202.50 or so holds then we could go down from there. if it doesnt we'll be testing the Channel trendline and the 50% Fib level and see sells from there.... keeping into mind 202.20 breaks... Lots of resistance to climb up there.... What do you think Queece? You should post a chart!...
Price may be headed back up to test daily pivot if resistance @ 202.45 is broken.

here's a chart for u
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  • #72,485
  • Apr 8, 2008 5:08pm Apr 8, 2008 5:08pm
My daily 5 sma is exactly at 202.70 which is where I thought we would see in the first place. That's giving me more thoughts to seeing that level before shorting again. Have a great night guys. Oh and yeah, if you trade other pairs, the eur/usd is looking ripe. Im jumping in that one.
I dream, therefore I become.
  • #72,486
  • Apr 8, 2008 5:13pm Apr 8, 2008 5:13pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting mike w
My daily 5 sma is exactly at 202.70 which is where I thought we would see in the first place. That's giving me more thoughts to seeing that level before shorting again. Have a great night guys. Oh and yeah, if you trade other pairs, the eur/usd is looking ripe. Im jumping in that one.

Eu long or short, i'm a serial EU bull, but i know we should see some downside retracement at some point
for me it's a short retracement and then long from around 1.565ish
  • #72,487
  • Apr 8, 2008 5:20pm Apr 8, 2008 5:20pm
Guys, I don't think I can trade for the rest of the day. Arsenal is robbed out of the Champions League after very hard work. Unbelievable

My analysis will be thrown off by this. Im going to play some football or something.....
Patience + Discipline - Greed = Success
  • #72,488
  • Apr 8, 2008 5:30pm Apr 8, 2008 5:30pm
Quoting Infinity
Guys, I don't think I can trade for the rest of the day. Arsenal is robbed out of the Champions League after very hard work. Unbelievable

My analysis will be thrown off by this. Im going to play some football or something.....
Heartbreaking. But what a legendary run from Theo though. Here's a link in case you want to watch:

http://www.rojadirecta.com/foros/viewtopic.php?t=38751
Patience + Humility + Study = Success
  • #72,489
  • Edited 6:11pm Apr 8, 2008 5:44pm | Edited 6:11pm
Quoting MPP
Eu long or short, i'm a serial EU bull, but i know we should see some downside retracement at some point
for me it's a short retracement and then long from around 1.565ish
Short for the moment. I just jumped in for a small position. IF, and that's a big if, we would see a confirm bar for today's bear pin, I would add to it. Beginning at 1.5560, we're going to see support so I'd like to see how it acts there if we would get to that point. I agree that EU is definitely bullish however and once we see a little lower, I plan on adding long positions for a solid ride up. I still have convictions that we will see fairly lower throughout this month though, possibly down to 1.52. It oculd happen, but at the same time, I could be wrong with that. In either case, I plan on adding longs down to that level to come back to 1.60.
MPP, would you take the daily pin bar into your analysis at all or no? On a technical side of things, I think we need to see lower lows to gear up for another run up in price. Without that, we'll just stall.
I dream, therefore I become.
  • #72,490
  • Apr 8, 2008 7:47pm Apr 8, 2008 7:47pm
Quoting Infinity
Guys, I don't think I can trade for the rest of the day. Arsenal is robbed out of the Champions League after very hard work. Unbelievable

My analysis will be thrown off by this. Im going to play some football or something.....
...are you in better mood ?
  • #72,491
  • Apr 8, 2008 7:56pm Apr 8, 2008 7:56pm
Hard bounce off M2 @ 201.64. Will it hold...
FUBAR...
  • #72,492
  • Apr 8, 2008 8:01pm Apr 8, 2008 8:01pm
Quoting Blicas
...are you in better mood ?
Yeah, just played some scrimmage and scored a hatrick but I just saw some highlights and replays of the penalty incident.... just made it even more painful.

I think I will get over it though. Premiership is still up for grabs, failing that, there is always next year. I am still proud of my team.

Maybe some green pips will cheer me up later.

Bless
Patience + Discipline - Greed = Success
  • #72,493
  • Apr 8, 2008 8:19pm Apr 8, 2008 8:19pm
Quoting Infinity
Yeah, just played some scrimmage and scored a hatrick but I just saw some highlights and replays of the penalty incident.... just made it even more painful.

I think I will get over it though. Premiership is still up for grabs, failing that, there is always next year. I am still proud of my team.

Maybe some green pips will cheer me up later.

Bless
  • #72,494
  • Apr 8, 2008 8:32pm Apr 8, 2008 8:32pm
...hard to break under the 1h Ghl
  • #72,495
  • Apr 8, 2008 8:45pm Apr 8, 2008 8:45pm
Quoting quecee5
Thxs bro. . .
I still think we will go up a bit according to my charts but it should be limited at best. . . JMHO!
Q,

This is what I was looking at over the weekend. I'm hoping that the count is correct though. Let me know what you think bro. thanks.
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  • #72,496
  • Apr 8, 2008 10:21pm Apr 8, 2008 10:21pm
Quoting pkimnyc
Q,

This is what I was looking at over the weekend. I'm hoping that the count is correct though. Let me know what you think bro. thanks.
Bro, I've always said that I thought before we see new lows that there was a possibility that GJ could see up to 210 area. . .

However, now that its trading below 203.45 resistance I'm not so sure this will happen. Only a break and sustained trading above there and a break of the upper channel would convince me - but hell this is the beast, anything could happen. . .

That being said I do think price will go back and challenge that resistance (203.45/70 area). A failure up there will confirm a top is in place and we would see it retreat back to the lows and perhaps make new lows (190 area). . .
  • #72,497
  • Apr 8, 2008 11:23pm Apr 8, 2008 11:23pm
Quoting jacko
Hi mike w

The USD is starting to gain traction...everyone has sighed a big sigh of relief that the worst didn't happen...so there may be a correction for a short while. (We currently have a big position in a counter trend trade)
However, the correction will be short lived..the major trend is still up for the Euro. (The USD is losing its pre-eminence as the worlds major currency, due to lack of trust). The USD is one very sick puppy.

.

Jacko
How long will the correction last? I have been reading your blog and you have a remarkable record in picking the trend and market turning points.
  • #72,498
  • Apr 8, 2008 11:41pm Apr 8, 2008 11:41pm
Quoting quecee5
Bro, I've always said that I thought before we see new lows that there was a possibility that GJ could see up to 210 area. . .

However, now that its trading below 203.45 resistance I'm not so sure this will happen. Only a break and sustained trading above there and a break of the upper channel would convince me - but hell this is the beast, anything could happen. . .

That being said I do think price will go back and challenge that resistance (203.45/70 area). A failure up there will confirm a top is in place and we would see it retreat back to the lows and perhaps make new lows (190 area). . .
Thanks for your help Q,
I'll keep my eyes open on that area also, 203.45/70.
Good trading bro.
  • #72,499
  • Apr 8, 2008 11:51pm Apr 8, 2008 11:51pm
Quoting pkimnyc
Thanks for your help Q,
I'll keep my eyes open on that area also, 203.45/70.
Good trading bro.
i think GU n GJ WILL drop down again..
looks like GBP weak..
  • #72,500
  • Apr 9, 2008 12:17am Apr 9, 2008 12:17am
jjust came in to see my short in green pips, Quecce, infinity, DT what do u advice exit or hold/ we are currently at support. exiting 4 66pips
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