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

  • #81,181
  • May 14, 2008 5:04pm May 14, 2008 5:04pm
Quoting lilmoe
haven't u guys ever seen cable top out 200 pips and GJ going 300 pips deeper in the shitter?

if u haven't then take a look at ur charts from two weeks and walk through it.
  • #81,182
  • May 14, 2008 5:05pm May 14, 2008 5:05pm
Just curious why some many are LONG biased at the moment.

3 tries at 204.95 on the 4H with no luck.
4H bearish Divergence
Daily is gonna close around 204.40, which is 50 fib on that last move down.

Similar on the UJ.
No break of 105.43 area.
Bearish Divergence on the 4H
Already trading below the 5sma on the 4H.
Was only 15 pips or so shy of 100 retracement of last move down.

I'm short on the UJ (105.32) and GJ (204.77)
  • #81,183
  • May 14, 2008 5:06pm May 14, 2008 5:06pm
UJ down the crapper, Nzd/Usd down the crapper. Crappers gonna be full by tomorrow. Call the plumber.
Patience + Humility + Study = Success
  • #81,184
  • May 14, 2008 5:09pm May 14, 2008 5:09pm
Quoting lilmoe
at what price?? i don't get u guys.... i'm at 60 pips now
hey, i'm just learning this and i always learn best when getting my hands dirty. i'm getting a few trades wrong and getting some right and am reading up on the whole TA aspect so hopefully will be in a position to better identify where I went wrong. Only reason I read and participate in this specific thread is coz quite a few people on here, yourself included, seem very very knowledgeable. I'm hoping that some of that knowledge will rub off on me

Haapy pipping mate ....
  • #81,185
  • May 14, 2008 5:13pm May 14, 2008 5:13pm
Quoting lilmoe
haven't u guys ever seen cable top out 200 pips and GJ going 300 pips deeper in the shitter?
Yes , but, if GU going up, and GJ goes down, that means that EJ, UJ, CJ is all going down, I don't see that happening this month. The JPY-crosses just finished a dip, stock markets are strong, so can we resume the uptrend? Don't get me wrong, anything can happen, but I don't believe that the JPY crosses have to fall if GU goes up and EU goes up. The JPY and CHF crosses are unrelated to the weakness/strength of the dollar, and related just to the stock market. IMO.
GU historically monthly - Bullish
EJ historically monthly - Bullish
GJ historically monthly - Bullish - Why it not look that way? Because the dip just "appears" bigger since GBP is high numbers like 250.
Ok, enough rant.
  • #81,186
  • May 14, 2008 5:13pm May 14, 2008 5:13pm
Quoting lilmoe
if u haven't then take a look at ur charts from two weeks and walk through it.

UJ was making higher highs before the bear dump. while GJ was making triple tops at 209. when they both fell, UJ has almost made a 100% retracement, while GJ barely went through a bit above 50% and both kissing the same TL. now if u're going to use UJ as an indicator for GJ place it on the bottom of the GJ chart where u'll find that bearish divergence.

of course, again and again and again. if that tl is breached then throw all the above in the trash (or in the crapper and flush it)
  • #81,187
  • May 14, 2008 5:15pm May 14, 2008 5:15pm
good luck big guy!


Quoting rsharpe30
hey, i'm just learning this and i always learn best when getting my hands dirty. i'm getting a few trades wrong and getting some right and am reading up on the whole TA aspect so hopefully will be in a position to better identify where I went wrong. Only reason I read and participate in this specific thread is coz quite a few people on here, yourself included, seem very very knowledgeable. I'm hoping that some of that knowledge will rub off on me

Haapy pipping mate ....
  • #81,188
  • May 14, 2008 5:19pm May 14, 2008 5:19pm
Quoting DutchTrader
UJ down the crapper, Nzd/Usd down the crapper. Crappers gonna be full by tomorrow. Call the plumber.
Crappy is nice...... ;-)
  • #81,189
  • May 14, 2008 5:26pm May 14, 2008 5:26pm
simple day chart showing recent channels and 50ema.....
Attached Image (click to enlarge)
Click to Enlarge Name: dcha.GIF Size: 16 KB
Patience + Discipline - Greed = Success
  • #81,190
  • May 14, 2008 5:28pm May 14, 2008 5:28pm
my crapper is plumber proof bro


Quoting DutchTrader
UJ down the crapper, Nzd/Usd down the crapper. Crappers gonna be full by tomorrow. Call the plumber.
  • #81,191
  • May 14, 2008 5:34pm May 14, 2008 5:34pm
Quoting kujo17
Crappy is nice...... ;-)

lets fill it up with crap fella's
  • #81,192
  • May 14, 2008 5:38pm May 14, 2008 5:38pm
Quoting lilmoe
UJ was making higher highs before the bear dump. while GJ was making triple tops at 209. when they both fell, UJ has almost made a 100% retracement, while GJ barely went through a bit above 50% and both kissing the same TL. now if u're going to use UJ as an indicator for GJ place it on the bottom of the GJ chart where u'll find that bearish divergence.

of course, again and again and again. if that tl is breached then throw all the above in the trash (or in the crapper and flush it)
Daily Chart - UJ from 96 to 105 (current uptrend) it's made 3 dips. So now it's going make the first double top? The last dip to 102.5 happened after it went from 100 to 105. Not to mention, the USD is now killing all currencies.
  • #81,193
  • May 14, 2008 5:40pm May 14, 2008 5:40pm
4h shows a bit of indecision but it looks as if a big drop is near.....
Attached Image (click to enlarge)
Click to Enlarge Name: 4hgepp.GIF Size: 23 KB
Patience + Discipline - Greed = Success
  • #81,194
  • May 14, 2008 5:55pm May 14, 2008 5:55pm
Quoting DutchTrader
UJ down the crapper, Nzd/Usd down the crapper. Crappers gonna be full by tomorrow. Call the plumber.
Check out EUR/AUD, looking bullish
  • #81,195
  • May 14, 2008 6:11pm May 14, 2008 6:11pm
Quoting Clouds
Check out EUR/AUD, looking bullish
Crap.
  • #81,196
  • May 14, 2008 6:20pm May 14, 2008 6:20pm
Plain and simple analysis .. hope it would be useful for you and me ..
Attached Image
  • #81,197
  • May 14, 2008 6:24pm May 14, 2008 6:24pm
Quoting mktjong
Plain and simple analysis .. hope it would be useful for you and me ..
bring on the big bad bear...
Addicted and proud of it!
  • #81,198
  • May 14, 2008 6:27pm May 14, 2008 6:27pm
Quoting mktjong
Plain and simple analysis .. hope it would be useful for you and me ..
H4 chart giving up all sorts of hints... some long... some short.....

Inside bars.... possible DLHC forming....

Could go up... could go down....
Addicted and proud of it!
  • #81,199
  • May 14, 2008 6:40pm May 14, 2008 6:40pm
Quoting PiPsAddict
H4 chart giving up all sorts of hints... some long... some short.....

Inside bars.... possible DLHC forming....

Could go up... could go down....
Exactly .. but I don't use inside bar or elses stated above. I use 4H 5 sma a lot including confirmation with Slow Stoch osc. I also look at Dow, Gold, US 30-yr Bond for further confirmation ..hope it helps.
  • #81,200
  • May 14, 2008 6:56pm May 14, 2008 6:56pm
Quoting Clouds
Yes , but, if GU going up, and GJ goes down, that means that EJ, UJ, CJ is all going down, I don't see that happening this month. The JPY-crosses just finished a dip, stock markets are strong, so can we resume the uptrend? Don't get me wrong, anything can happen, but I don't believe that the JPY crosses have to fall if GU goes up and EU goes up. The JPY and CHF crosses are unrelated to the weakness/strength of the dollar, and related just to the stock market. IMO.
GU historically monthly - Bullish
EJ historically monthly - Bullish
GJ historically monthly - Bullish - Why it not look that way? Because the dip just "appears" bigger since GBP is high numbers like 250.
Ok, enough rant.
Stock Markets are not strong, in fact very jittery, looks like no one believed the US CPI number today. Just an opportunity to run up equities and then dump for profit at the end of the day. If strength was there you would not have seen a selloff last hour of day, very bearish. Matter of fact DJIA could not touch 13000, close but no cigar.
From over +150 points to close +60 or so is a sign of fear in DJIA. I would be very careful with any longs.
Can't break to upside already broken T/L to downside.
Bearish divergence on 4HR. Slew of US data tomorrow morning. (They can't cook it all). Watch out for TIC data.
Might just be the big market mover to the DOWNSIDE for US equities.

Good look all and good trading.....
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