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

  • #83,761
  • May 22, 2008 4:38pm May 22, 2008 4:38pm
Quoting OrionsWay
I agree with you as well we wont see 209, more like 220
  • #83,762
  • May 22, 2008 4:46pm May 22, 2008 4:46pm
Quoting Srikanth

positions are lookin pretty rosie my friend , perhaps u shouldnt of recieved the ridicule for the trade u posted the other day HUH
"Millionaires don't use astrology, billionaires do"
  • #83,763
  • May 22, 2008 4:50pm May 22, 2008 4:50pm
anyone agree with me that we are going to see 213 if not 219 in 1 or 2 weeks?
  • #83,764
  • May 22, 2008 4:52pm May 22, 2008 4:52pm
Quoting Srikanth
anyone agree with me that we are going to see 213 if not 219 in 1 or 2 weeks?

You will see st reversal on the 30th


The real test will begin around 208 of longs moxy
"Millionaires don't use astrology, billionaires do"
  • #83,765
  • May 22, 2008 5:02pm May 22, 2008 5:02pm
Quoting OrionsWay


The real test will begin around 208 of longs moxy
If it holds above 206 then a break of 208 is quite possible..but whatever it is .. i wanna see the fall from the top ( something like a fall from 213 to 192 )
  • #83,766
  • May 22, 2008 5:04pm May 22, 2008 5:04pm
Quoting Srikanth
If it holds above 206 then a break of 208 is quite possible..but whatever it is .. i wanna see the fall from the top
Just minor res at this levl here for the swing to unfold check the action

http://www.forexfactory.com/showthre...59#post2015959
"Millionaires don't use astrology, billionaires do"
  • #83,767
  • May 22, 2008 5:13pm May 22, 2008 5:13pm
I still believe tht we are in Wave "4" ( wave 4 is the one for extended period ).. should complete around 213
  • #83,768
  • May 22, 2008 5:15pm May 22, 2008 5:15pm
Quoting Srikanth
I still believe tht we are in Wave "4" ( wave 4 is the one for extended period ).. should complete around 213

yep your trade your moral ground
"Millionaires don't use astrology, billionaires do"
  • #83,769
  • May 22, 2008 5:24pm May 22, 2008 5:24pm
something which i'm seeing..
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  • #83,770
  • May 22, 2008 5:27pm May 22, 2008 5:27pm
Quoting Srikanth
something which i'm seeing..

Yea that historgram has to cross zero, this is gonna take some time to unfold, prolly into 1- weeks july i figure. Time is most important factor here. And maybe a test of that massive buying bar on first leg down bottom to see who is left
"Millionaires don't use astrology, billionaires do"
  • #83,771
  • May 22, 2008 5:35pm May 22, 2008 5:35pm
Quoting OrionsWay
I agree with you as well we wont see 209, more like 220

the weeklies and monthly are just getting started
I am with ya Orion, I see 208.50-209 very soon, which is daily 100ema and weekly 21ema. Oh and also the monthly 5ema. Maybe Friday-Monday! Might be hard to conquer the monthly 5ema though..
  • #83,772
  • May 22, 2008 5:58pm May 22, 2008 5:58pm
Quoting shakesfx
May I also say that I find your comments quite arrogant and presumptious.

he's gonna hold his shorts till 252.00
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,773
  • May 22, 2008 6:02pm May 22, 2008 6:02pm
Quoting VEC
gb = net oil importer = peak oil spells disaster for gb
I don't see what's the big deal here. UK at least has some oil demand met by domestic reserves in the north sea, Japan has no reserves at all. Ergo, any currency weakening aspects of peak oil should be much more magnified for JPY than GBP, no matter what happens to USD as it effectively cancels out in the GBP/JPY = GBP/USD * USD/JPY equation.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
  • #83,774
  • May 22, 2008 6:07pm May 22, 2008 6:07pm
This thing just does not want to come down what the hell
  • #83,775
  • May 22, 2008 6:12pm May 22, 2008 6:12pm
The fact that the daily candle doesn't break the downtrend is one of the reasons I am still holding shorts. IMVHO we won't see a retrace until the friday's candle forms, and it might go all the way down and then some
Money & Pain Respect the market, protect your capital, be patient
  • #83,776
  • May 22, 2008 6:14pm May 22, 2008 6:14pm
Quoting packetguy
I don't see what's the big deal here. UK at least has some oil demand met by domestic reserves in the north sea, Japan has no reserves at all. Ergo, any currency weakening aspects of peak oil should be much more magnified for JPY than GBP, no matter what happens to USD as it effectively cancels out in the GBP/JPY = GBP/USD * USD/JPY equation.
Great stats BTW, congrats. You think we'll head back down?
Money & Pain Respect the market, protect your capital, be patient
  • #83,777
  • May 22, 2008 6:24pm May 22, 2008 6:24pm
According to my chart we reach 209 tomorrow.
  • #83,778
  • May 22, 2008 6:36pm May 22, 2008 6:36pm
Looking at this thing i dont think thisthing is going any higher just my opinion looking at european futures
  • #83,779
  • May 22, 2008 6:42pm May 22, 2008 6:42pm
Quoting vinesh2
Looking at this thing i dont think thisthing is going any higher just my opinion looking at european futures
Vinesh a market mus inhale and exhale, the onlything that matters is where is the preasure coming from, clearly not selling, or we would of broken the range lo that tested about 6-7 times. IMO
"Millionaires don't use astrology, billionaires do"
  • #83,780
  • May 22, 2008 6:43pm May 22, 2008 6:43pm
Quoting toyboy tramp
You think we'll head back down?
Absolutely. I have been trading GBP/JPY almost exclusively for almost two years now and in my experience of watching this pair, this sudden rise is an anomaly, which will soon be corrected. GBP/JPY should at least do a double bottom of the earlier lows, if not breaking them and heading to 187 level. I see cable at 1.8 by summer and UJ breaking 100 again. You can do the math to figure out your target for GJ based on that.

Having said that, I never hold a position contrary to where the market is going, no matter how irrational I think the behaviour of the market may be. This is because I abhor a large drawdown. I have the following quote pasted next to my monitor "The markets can remain irrational for far longer than than you can remain solvent".

Safe trading to you.
Period : 26 Months Account Balance : +264% Max DD : 14.2%
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