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

  • #85,421
  • May 29, 2008 7:38am May 29, 2008 7:38am
Quoting lilmoe
why the farkjlkjk aren't u responding to bearish DIVERGENCES????????????

it will start to respond now coz i got it on my chart
Good judgment comes from experience, and experience comes from bad judgment
  • #85,422
  • May 29, 2008 7:39am May 29, 2008 7:39am
Quoting lilmoe
why the farkjlkjk aren't u responding to bearish DIVERGENCES????????????
Patience
Trade what you see, not what you think.
  • #85,423
  • May 29, 2008 7:39am May 29, 2008 7:39am
Quoting shakesfx
Good morning everyone! Hope all is well and collecting Green Pips...been busy loading up different currencies (Long U/J, G/J, U/CH, Short E/G, E/U, E/CAD, A/U)...will be back to this thread next week



Still long from 205.40, 3rd TP hit at 207.95, holding for 4th TP at 208.95 and 5th TP at 212.75 Having probs. uploading charts again, will try again later...but I see G/J daily closed above the 156 SMA for the first time since November, massive conjestion Zone for all SMA's,...Large breakout North within the next 7 days IMHO.

Take care bros!
at first next week it might go down to 206.7 and then to accelerate higher to 211 area IMHO
  • #85,424
  • May 29, 2008 7:39am May 29, 2008 7:39am
Quoting Islander
LOL - yes and its pi**ed down with rain all this month and I'm going rusty!http://www.forexfactory.com/images/icons/icon9.gif -
they don't call you tinman for nothing now, do they?
  • #85,425
  • May 29, 2008 7:40am May 29, 2008 7:40am
Quoting lilmoe
why the farkjlkjk aren't u responding to bearish DIVERGENCES????????????
Give it time bro, give it time. . .
The demand for the pair is ar'd 205.70/80. The news is as expected but not that great. Once the market settles in we should see downside momentum increase. . .
  • #85,426
  • May 29, 2008 7:41am May 29, 2008 7:41am
Quoting quecee5
Great excuse to take profit for "months end" later today. . .
I'm short a small lot on average @ 208.25 and will continue to add as it goes higher. . . The retracement is forthcoming at this point it's just a matter of time for the momentum increases. . .

Happy trading to all today. . .
oh yah .. I forgot the "months end" thing. Probably explains why it was unreasonable bullish yesterday
Let's get the Hercules hammer out ..
  • #85,427
  • May 29, 2008 7:41am May 29, 2008 7:41am
is it only me, or does anybody see an inverted H&S pattern in GJ, with a clear neckline breakout @ 205.00, and a medium target of 225...we are still aprox 3%below 200 dailly....
its just money
  • #85,428
  • May 29, 2008 7:44am May 29, 2008 7:44am
Quoting lilmoe
no good news... if this bull was betting on good news then i guess it's over for it.
MMmm - swissy was selling off 20 mins before the data, but its holding at its R1 support and now the dow futures are down 30....I'm waiting for the NY open.....eeuro and cable starting to rally....
Trading Levels with WRBs
  • #85,429
  • May 29, 2008 7:44am May 29, 2008 7:44am
Quoting metlife777
at first next week it might go down to 206.7 and then to accelerate higher to 211 area IMHO
What will drive it to 211 if you don't mind me asking?

I see UJ heading down soon (below 102.50 area) but GU heading up. UJ is in correction mode but it's overall trend is still down not up. . . I think oil prices will be the driver of UJ downward move as I see oil reaching $150 a barrel over the summer and the correlation to oil has been good as of late. . .
  • #85,430
  • May 29, 2008 7:45am May 29, 2008 7:45am
Quoting Islander
MMmm - swissy was selling off 20 mins before the data, but its holding at its R1 support and now the dow futures are down 30....I'm waiting for the NY open.....eeuro and cable starting to rally....
That is a very good news for shorting yen pairs ..
  • #85,431
  • May 29, 2008 7:48am May 29, 2008 7:48am
Gold has hit support around 890 and start to bounce back up, that's a good sign for yen pairs to go down.
Trade what you see, not what you think.
  • #85,432
  • May 29, 2008 7:55am May 29, 2008 7:55am
Quoting karmostaji
Gold has hit support around 890 and start to bounce back up, that's a good sign for yen pairs to go down.
yup ..saw that but bond is not cooperating yet ..just a matter of time.. this is what it's called time bomb..hahaha
  • #85,433
  • May 29, 2008 7:57am May 29, 2008 7:57am
Quoting quecee5
What will drive it to 211 if you don't mind me asking?

I see UJ heading down soon (below 102.50 area) but GU heading up. UJ is in correction mode but it's overall trend is still down not up. . . I think oil prices will be the driver of UJ downward move as I see oil reaching $150 a barrel over the summer and the correlation to oil has been good as of late. . .
1. 50% retracement level from 230.35 (20071212) move is about 210.50;
2. GJ is heading up toward 223 area to come closer to accomplish correction;
3. summer is a correction time in general till mid August IMHO
and something more in waves calculation
  • #85,434
  • May 29, 2008 7:58am May 29, 2008 7:58am
Quoting karmostaji
Gold has hit support around 890 and start to bounce back up, that's a good sign for yen pairs to go down.

Agreed, but then it stalled at its M2 pivot at 894.20 and turned back down....
Trading Levels with WRBs
  • #85,435
  • May 29, 2008 7:58am May 29, 2008 7:58am
Quoting lilmoe
why the farkjlkjk aren't u responding to bearish DIVERGENCES????????????
i'm short from 208.05 ....
  • #85,436
  • May 29, 2008 8:00am May 29, 2008 8:00am
Quoting metlife777
1. 50% retracement level from 230.35 (20071212) move is about 210.50;
2. GJ is heading up toward 223 area to come closer to accomplish correction;
3. summer is a correction time in general till mid August IMHO
and something more in waves calculation
Thank you for the response. . .
Only a break above 209 area will convince me of that as there is a double top up there and plenty of resistance near there to counter that trend. . . If the US economy continues to deteriorate I can't see how that senario is possible but this is just my opinion. . . Gold will continue it's uptrend as well as oil prices so, I'm not sure what will drive price back above 209 to 225. . .
  • #85,437
  • May 29, 2008 8:01am May 29, 2008 8:01am
Quoting metlife777
1. 50% retracement level from 230.35 (20071212) move is about 210.50;
2. GJ is heading up toward 223 area to come closer to accomplish correction;
3. summer is a correction time in general till mid August IMHO
and something more in waves calculation
Ok, but buy it at a lower price .. big boys think the same as I do ..
  • #85,438
  • May 29, 2008 8:02am May 29, 2008 8:02am
Quoting quecee5
Give it time bro, give it time. . .
The demand for the pair is ar'd 205.70/80. The news is as expected but not that great. Once the market settles in we should see downside momentum increase. . .
hi Q
agreed
but if beast can break 209-209.10 resistance,i think monthly 5sma high will be in play...otherwise we will see she drops least to daily 5sma low...IMOhttp://qsmile.com/qsimages/73.gif
  • #85,439
  • May 29, 2008 8:08am May 29, 2008 8:08am
Gold is falling fast down $15 in 15 mins - that's pulling swissy up and so helping UJ, but cable's off 30 and pulling GJ down a bit.

The dow futures are at their daily pivot of 12,564 - IF that breaks UJ will drop too....TWT
Trading Levels with WRBs
  • #85,440
  • May 29, 2008 8:11am May 29, 2008 8:11am
Quoting shahroodi
hi Q
agreed
but if beast can break 209-209.10 resistance,i think monthly 5sma high will be in play...otherwise we will see she drops least to daily 5sma low...IMOhttp://qsmile.com/qsimages/73.gif
Thxs bro, looking at the charts as we speak. . .
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