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

  • #82,061
  • May 19, 2008 5:18am May 19, 2008 5:18am
ne1 using secret news weapon plus which broker is best
  • #82,062
  • May 19, 2008 5:43am May 19, 2008 5:43am
g-j is dead. i've never seen such a pathetic range in a long time. but this is probably the silence before the storm...
Nihil Sine Deo.
  • #82,063
  • May 19, 2008 5:48am May 19, 2008 5:48am
Quoting Scrat
g-j is dead. i've never seen such a pathetic range in a long time. looks like the silence before the storm...
Agreed - when it breaks we should have a a 500+ move - I wonder what the trigger will be.....
Trading Levels with WRBs
  • #82,064
  • May 19, 2008 6:00am May 19, 2008 6:00am
Quoting Scrat
g-j is dead. i've never seen such a pathetic range in a long time. but this is probably the silence before the storm...
yep yep , very boring day today
  • #82,065
  • May 19, 2008 6:16am May 19, 2008 6:16am
Quoting Scrat
g-j is dead. i've never seen such a pathetic range in a long time. but this is probably the silence before the storm...

i think today will be slow, maybe tomorrow we'll get some action. the price is trapped between a fibo and a TL

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  • #82,066
  • May 19, 2008 6:23am May 19, 2008 6:23am
Yep .. it's surprise to see it not moving much in the last 12 hours or so. It's a bit unbelievable. As said, big move ahead, north or south. Better stay sideline now. I finally can close all Friday's shorts in profits .. whew

Market is very confuse ..Asian Stocks mostly closed high last night. Risk appetite could be coming into play again this week ..seems like .. every one is watching who wants to do the move first .. sort of ..
  • #82,067
  • May 19, 2008 6:24am May 19, 2008 6:24am
Falling Three Methods - Continuation Patterns - Down Trends
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  • #82,068
  • May 19, 2008 6:30am May 19, 2008 6:30am
In another look .. gold keeps trending high. Risk aversion again ..
One side says Bull, one side says Bear. They are having a party or what?
  • #82,069
  • May 19, 2008 6:32am May 19, 2008 6:32am
yes, the pattern looks right, but what is the trend to be continued? i don't see any.

Quoting PandoraBox
Falling Three Methods - Continuation Patterns - Down Trends
Nihil Sine Deo.
  • #82,070
  • May 19, 2008 6:34am May 19, 2008 6:34am
I can see it going either way....which is probably exactly what the brokers want.....

There was an 'obvious' sell opportunity and there was a lot of pressure put against it, creating this lame ranging channel....which now could very well be considered a bullish flag. My thoughts are that it might be tempting to reverse your position from short to long, but I would also be expecting a false breakout to the upside. A break out of the bullish flag/channel, hitting multiple stops and then resuming with the intended down movement.

I've see it happen too many times like this, where the market drags a move on for so long, that you start to reverse your position and thats when it starts to move where you were looking for in the first place.

I already saw stop hunting occur on IBFX this morning with a 90 pip ranged 1 minute candle on GBP/USD 1.9574 to 1.9524 to 1.9563, in one minute.

All I am saying is that it may start to look tempting to go long and it might for a bit, but any upwards movement I think will be limited and false expectations throwing a lot of people into a bull trap. I for one am remaining short until I see a clear sign that we are confirmed for the upwards movement.
The only sovereign I can allow to rule me is reason.
  • #82,071
  • May 19, 2008 6:38am May 19, 2008 6:38am
Quoting pearsonfx
I can see it going either way....which is probably exactly what the brokers want.....

There was an 'obvious' sell opportunity and there was a lot of pressure put against it, creating this lame ranging channel....which now could very well be considered a bullish flag. My thoughts are that it might be tempting to reverse your position from short to long, but I would also be expecting a false breakout to the upside. A break out of the bullish flag/channel, hitting multiple stops and then resuming with the intended down movement.

I've see it happen too many times like this, where the market drags a move on for so long, that you start to reverse your position and thats when it starts to move where you were looking for in the first place.

I already saw stop hunting occur on IBFX this morning with a 90 pip ranged 1 minute candle on GBP/USD 1.9574 to 1.9524 to 1.9563, in one minute.

All I am saying is that it may start to look tempting to go long and it might for a bit, but any upwards movement I think will be limited and false expectations throwing a lot of people into a bull trap. I for one am remaining short until I see a clear sign that we are confirmed for the upwards movement.
Generally, I agree with your insights. Still bias south more than north ..
Thanks.
  • #82,072
  • May 19, 2008 6:48am May 19, 2008 6:48am
Quoting lilmoe
i think today will be slow, maybe tomorrow we'll get some action. the price is trapped between a fibo and a TL

Attachment
...and between the Monthly Pivot at 204.25 and the Weekly Pivot at 203.00
Trading Levels with WRBs
  • #82,073
  • May 19, 2008 7:02am May 19, 2008 7:02am
When the day 10c momentum and 14 c momentums are at opposite directions, there tends to be CONSIDERABLE ranging for most of the day. I bear that in mind with respect to my take profit targets on such days.
---------------
Looking on previous 4hr candlesticks, there seems to be good support around the 4hr 38.2 fib.
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  • #82,074
  • May 19, 2008 7:14am May 19, 2008 7:14am
Waiting on Breakout

http://www.doske.com/Charts/snapshot-118.png
  • #82,075
  • May 19, 2008 7:18am May 19, 2008 7:18am
if we see a close above 3.96(us.10 .year treasury)this week,
we must see a uptrend for USDYEN above 105.60 also GJ above 207.80
but if we see a close below 3.90(us.10.year treasury)this week,
we will see a downtrend for USDYEN below 102.40 and also GJ .....
  • #82,076
  • May 19, 2008 7:20am May 19, 2008 7:20am
Quoting hussin naiji
if we see a close above 3.96(us.10 .year treasury)this week,we must see a uptrend for USDYEN above 105.60 also GJ above 207.80
but if we see a close below 3.90(us.10.year treasury)this week,
we will see a downtrend for USDYEN below 102.40 and also GJ .....
but i dont think we see a close 3.96
  • #82,077
  • May 19, 2008 7:36am May 19, 2008 7:36am
Quoting hussin naiji
if we see a close above 3.96(us.10 .year treasury)this week,
we must see a uptrend for USDYEN above 105.60 also GJ above 207.80
but if we see a close below 3.90(us.10.year treasury)this week,
we will see a downtrend for USDYEN below 102.40 and also GJ .....
I used to use the 10 yr treasuries as one of the confirmation tools in Geppy trade. But I can't find the chart but the 30yr-bond just as good in MT4 platform.
You mentioned the close value coming this week, by the time it did, probably all the yen cross pairs move already done. I usually use real-time daily or at least 4H time frame for reference.
  • #82,078
  • May 19, 2008 7:55am May 19, 2008 7:55am
Quoting Islander
...and between the Monthly Pivot at 204.25 and the Weekly Pivot at 203.00
a breakout below that tl would just widen the range to a low of 202.31 i would think.
  • #82,079
  • May 19, 2008 7:56am May 19, 2008 7:56am
Quoting mktjong
I used to use the 10 yr treasuries as one of the confirmation tools in Geppy trade. But I can't find the chart but the 30yr-bond just as good in MT4 platform.
You mentioned the close value coming this week, by the time it did, probably all the yen cross pairs move already done. I usually use real-time daily or at least 4H time frame for reference.

right on
  • #82,080
  • May 19, 2008 8:14am May 19, 2008 8:14am
So Quiet !!
C'moon Guys, be Creative, Any IDEAS ??

any JOKE?
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