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

  • #84,461
  • May 27, 2008 3:42am May 27, 2008 3:42am
both ym and eurstoxx breaking low of day of Friday = bearish
Blogging daily now at www.volume.zone
  • #84,462
  • May 27, 2008 3:53am May 27, 2008 3:53am
Looks like this to me...
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  • #84,463
  • May 27, 2008 4:00am May 27, 2008 4:00am
Direction still seems undecided to me. Previous support has been found around 204.70, current pivot level. Maybe a short stop order under support-1.
For long order now...
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  • #84,464
  • May 27, 2008 4:33am May 27, 2008 4:33am
Hey guys,

I see a long trigger on the 1HR. We had a strong bump down, even below the lower fib line, but cycles always finish in the hinted direction. She is going to 206.78. The current hour cycle is long. Of course IMHO.
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  • #84,465
  • May 27, 2008 4:43am May 27, 2008 4:43am
I learned a new technique recently, and I wanted to share one more possible scenario for the current action. This does not negate the current fib cycle which is the official S/R right now.
I am using a static 144 fib. I started the fib with the 100 being up at the swing. Price dipped down past the 0 and went to the ext. So I moved the upper 62 down, taking the place of the 100. Price was able to get past the 0 line still. This tells me we could see a dip still to the t1 or t2. Disposition still long though, if this plays out it only provides good entry, or scaling in levels.

Scotty B
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  • #84,466
  • May 27, 2008 4:43am May 27, 2008 4:43am
as long as price trades above that lower TL which is now around 203.70 area, 207 is definitely in sight, if you disagree please don't read this post.
Trade what you see, not what you think.
  • #84,467
  • May 27, 2008 5:06am May 27, 2008 5:06am
May 27 (Bloomberg) -- Crude oil rose above $133 a barrel in New York after a militant attack in Nigeria disrupted supplies from Africa's largest producer.

http://www.bloomberg.com/apps/news?p...iwsKo&refer=us
  • #84,468
  • May 27, 2008 5:27am May 27, 2008 5:27am
sup all


man, this's crazy, lol

i added one more short at 205.40
sl at 206.11
  • #84,469
  • May 27, 2008 5:29am May 27, 2008 5:29am
Quoting shahroodi
hi jerry
how r u today???

monthly chart for you

ps:it seems price first drop least to monthly 5sma low then bounce back up...IMOhttp://qsmile.com/qsimages/73.gif

also i'll wait till next week,to see how new weekly momentoms will forms...if they shows me bear...i'll take a swing short position to the 200 area

time will tell us
it's in play...IMO

p.s:to see monthly chart in that post:
http://www.forexfactory.com/showpost...ostcount=77770

good luck all
  • #84,470
  • May 27, 2008 5:59am May 27, 2008 5:59am
muuuhahahaha!
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  • #84,471
  • May 27, 2008 6:31am May 27, 2008 6:31am
206.55 will be weekly high will touch than revers down..
  • #84,472
  • May 27, 2008 6:33am May 27, 2008 6:33am
G/J is flexing between 205-205.5, still in bear flag.
U/J met resistance at 104 and is under hourly 5 SMA, still in daily downtrend
Cable down, resistance at 1.977, hourly bearish continuation pattern unbroken.

Oil 133.3 (above 120 is unsustainable for US economy)
Gold 923 down
USD index 72.1 up
Dow futures -23

Grrr...
Money & Pain Respect the market, protect your capital, be patient
  • #84,473
  • May 27, 2008 6:41am May 27, 2008 6:41am
Quoting toyboy tramp
G/J is flexing between 205-205.5, still in bear flag.
U/J met resistance at 104 and is under hourly 5 SMA, still in daily downtrend
Cable down, resistance at 1.977, hourly bearish continuation pattern unbroken.

Oil 133.3 (above 120 is unsustainable for US economy)
Gold 923 down
USD index 72.1 up
Dow futures -23

Grrr...

27 May 2008 07:38 http://www.forexfactory.com/images/reuters.gif GLOBAL MARKETS-Stocks fall to 2-wk low, morale data hits euro (Recasts with latest price moves, adds Wall Street outlook)
By Natsuko Waki
LONDON, May 27 (Reuters) - World stocks erased early gains and hit a two-week low on Tuesday after concerns resurfaced over the health of banks, while data showing deteriorating consumer and business morale in many parts of Europe weighed on the euro.
A broadly stronger dollar failed to tame oil prices which rose above $133 a barrel -- close to last week's all-time highs, while gold slipped.
Data from the European Central Bank on its overnight loan facility showed a bank or banks borrowed 538 million euros from it on Monday, which, on the margins, rekindled some fears about the banking sector hit by the credit crisis.
However, analysts and traders played down the figures, pointing out that Monday was a UK and U.S. market holiday with consequent low liquidity and the sum involved has been borrowed several times this year already.
European banks <.SX7P> hit a fresh two-month low, dragging broader indexes lower. This followed concerns about more asset writedowns at Swiss bank UBS <UBSN.VX> whose shares have been falling sharply since Monday.
"There is the rumour of further writedowns in the banking sector... The market is reacting very nervously," a trader said.
The FTSEurofirst 300 index <.FTEU3> fell 0.6 percent, while MSCI main world equity index <.MIWD00000PUS> shed 0.1 percent.
U.S. stock futures <SPc1> were pointing to a weaker start on Wall Street later, which opens after a long weekend.
DETERIORATING MORALE
A survey by GfK showed German consumer morale is set to deteriorate unexpectedly next month, dampened by concerns about inflation and uncertainty over financial market turmoil.
French business confidence fell to its lowest level in 2-1/2 years in May, while consumer morale in Sweden, Finland and Iceland also fell this month. Italy was an exception, where business morale rose in May after six consecutive declines.
After the data the euro retreated to $1.5728 <EUR=>, down 0.3 percent on the day, from a one-month high hit earlier.
"Markets have started to wake up to the possibility that Europe is slowing down," said Ian Stannard, senior foreign exchange strategist at BNP Paribas. "Today's data is consistent with that view."
Emerging sovereign spreads <11EMJ> were steady while emerging stocks <.MSCIEF> rose 0.2 percent.
The June Bund future <FGBLM8> rose 4 ticks, drawing safe-haven flows, while euro zone government bond yields and implied yields slipped after ECB data.
The dollar rose 0.2 percent against a basket of six major currencies <.DXY>.
News of another attack on Nigerian oil facilities has been fuelling concerns about immediate supplies, pushing U.S. light crude <CLc1> up one percent to $133.39 a barrel -- close to record highs just above $135 set last week.
Gold <XAU=> fell to $923.30 an ounce as the dollar rose. (Additional reporting by Naomi Tajitsu)
(([email protected], +44 207 542 6721, Reuters Messaging: [email protected]))
Keywords: MARKETS GLOBAL

what the hell sorry about all the text it wouldn't link like i wanted
  • #84,474
  • May 27, 2008 7:23am May 27, 2008 7:23am
Morning All..

Did anyone short the GU last nite? It's turned out to be a nice trade .. my simple and straight forward divergence analysis proves work
  • #84,475
  • May 27, 2008 7:30am May 27, 2008 7:30am
Gold dropping, it means risk appetite is coming into the market and it should help my GJ long positions
Trade what you see, not what you think.
  • #84,476
  • May 27, 2008 7:34am May 27, 2008 7:34am
Quoting mktjong
Morning All..

Did anyone short the GU last nite? It's turned out to be a nice trade .. my simple and straight forward divergence analysis proves work
nope, i missed it, but i only got 25 pips on DP bounce, the rest were closed at b/e
  • #84,477
  • May 27, 2008 7:47am May 27, 2008 7:47am
Possible double top forming on the 30 min, with momentum divergence and zerolag macd divergence. I am also still looking at "broker" volume to determine whether it can be useful in divergence analysis.

Remember though new home sales out in about an hr. I can't see how that report can be good for the USD.
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  • #84,478
  • May 27, 2008 7:55am May 27, 2008 7:55am
Quoting lilmoe
nope, i missed it, but i only got 25 pips on DP bounce, the rest were closed at b/e
Well, at least you got some but from the opposite direction
I got 60 plus pips on GU .. very nice trade .. could have more if I woke up earlier ..hehe ..but didn't trade GJ.
  • #84,479
  • May 27, 2008 7:55am May 27, 2008 7:55am
in my opinion, tops such as double top or bottoms are best to be viewed from an angle of a higher timeframe such as 4hr and above.

Quoting GodfreyH
Possible double top forming on the 30 min, with momentum divergence and zerolag macd divergence. I am also still looking at "broker" volume to determine whether it can be useful in divergence analysis.

Remember though new home sales out in about an hr. I can't see how that report can be good for the USD.
  • #84,480
  • May 27, 2008 7:59am May 27, 2008 7:59am
Quoting karmostaji
Gold dropping, it means risk appetite is coming into the market and it should help my GJ long positions
Starting to show the effect

if UJ breaks 104, then 105-.50 is next and 207 is next for GJ
Trade what you see, not what you think.
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