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

  • #90,461
  • Jun 8, 2008 8:37am Jun 8, 2008 8:37am
Quoting Clouds
CJ is CAD/JPY or CHF/JPY?
CADYEN
  • #90,462
  • Jun 8, 2008 8:47am Jun 8, 2008 8:47am
Quoting hussin naiji
Malcolmb
we will see CJ below 100 again

we all have to understand where the cross pairs come from ......

gbpjpy is made up of gbpusd and usdjpy.

Now I expect gbpusd to go up based on the bullish charts , does that mean that GBPJPY cannot go down , no it does not. If usdjpy is falling twice as fast as GBPUSD is going up then of course it can drop

Right now usdchf is moving up very fast based on gold .. if gold screams up into 1000 + based on troubles in Iran than usdchf is likely to gain about 500 pips in the next few days. I doubt the usdjpy can move down faster than usdchf will in the next fews days .... therefore there is NO way under 100 is coming till gold retraces. in fact based on chfjpy and 100 support , gold has to be lower than 860 for chhjpy to drop , notice how on the pull back on gold chfjpy barely moved ( very bullish for chfjpy)

also of note is the fact that the markets and JPY crosses are VERY disconnected right now. Alot of traders are ignoring this fact.

DJ dropped 450 points on Friday . below major support on the daily and chfjpy went UP 100 points NOT down ....

100 is possible , but unlikely while gold is flying high.

chfjpy is in a strong upward channel since august and right now it is becoming more bullish as it breaks the top of the channel The rapid rsi is in overbought , but the macd is wide opne and histogram is way above 0 line

On a 1-2-3 buy on the daily we just broke the 78.6 % fe at 102.68 . This could move up to 104 zone , maybe even the 127 % fe at 105.3.

Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy1.png Size: 287 KB
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  • #90,463
  • Jun 8, 2008 8:52am Jun 8, 2008 8:52am
Quoting malcolmb14
we all have to understand where the cross pairs come from ......

gbpjpy is made up of gbpusd and usdjpy.

Now I expect gbpusd to go up based on the bullish charts , does that mean that GBPJPY cannot go down , no it does not. If usdjpy is falling twice as fast as GBPUSD is going up then of course it can drop

Right now usdchf is moving up very fast based on gold .. if gold screams up into 1000 + based on troubles in Iran than usdchf is likely to gain about 500 pips in the next few days. I doubt the usdjpy can move down faster than usdchf will in the next fews days .... therefore there is NO way under 100 is coming till gold retraces. in fact based on chfjpy and 100 support , gold has to be lower than 860 for chhjpy to drop , notice how on the pull back on gold chfjpy barely moved ( very bullish for chfjpy)

also of note is the fact that the markets and JPY crosses are VERY disconnected right now. Alot of traders are ignoring this fact.

DJ dropped 450 points on Friday . below major support on the daily and chfjpy went UP 100 points NOT down ....

100 is possible , but unlikely while gold is flying high.

chfjpy is in a strong upward channel since august and right now it is becoming more bullish as it breaks the top of the channel The rapid rsi is in overbought , but the macd is wide opne and histogram is way above 0 line

On a 1-2-3 buy on the daily we just broke the 78.6 % fe at 102.68 . This could move up to 104 zone , maybe even the 127 % fe at 105.3.

Attachment


war = gold up as money is moved into safe haven

also weak USD not helping right now .... weak usd also = gold up
Blogging daily now at www.volume.zone
  • #90,464
  • Jun 8, 2008 8:53am Jun 8, 2008 8:53am
Quoting hussin naiji
CADYEN
Its good week for focus on CAD for sure. What do you see for GBP/CAD?
  • #90,465
  • Jun 8, 2008 9:03am Jun 8, 2008 9:03am
Quoting Clouds
Its good week for focus on CAD for sure. What do you see for GBP/CAD?

daily shows a descending triangle , however check out that slight bullish divergence in the MACD'

I see gbpusd heading up at least 200 pips higher.

If BOC cut rates I bet that the top of the descending triangle will be broken.

The rapid rsi is going in to the overbought zone , however the macd is wide open , and in order for the rapid rsi triggers to work the macd histogram has to be gettingsmaller .

Targets on the breakout . sit down for this

2.0501
2.0800 .. target date if the slope on the daily remains steady July 6th

This could be a 800 point trade !!!!

thanks for bringing it to my attention

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.png Size: 276 KB
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  • #90,466
  • Jun 8, 2008 9:04am Jun 8, 2008 9:04am
Quoting malcolmb14
we all have to understand where the cross pairs come from ......

gbpjpy is made up of gbpusd and usdjpy.

Now I expect gbpusd to go up based on the bullish charts , does that mean that GBPJPY cannot go down , no it does not. If usdjpy is falling twice as fast as GBPUSD is going up then of course it can drop

Right now usdchf is moving up very fast based on gold .. if gold screams up into 1000 + based on troubles in Iran than usdchf is likely to gain about 500 pips in the next few days. I doubt the usdjpy can move down faster than usdchf will in the next fews days .... therefore there is NO way under 100 is coming till gold retraces. in fact based on chfjpy and 100 support , gold has to be lower than 860 for chhjpy to drop , notice how on the pull back on gold chfjpy barely moved ( very bullish for chfjpy)

also of note is the fact that the markets and JPY crosses are VERY disconnected right now. Alot of traders are ignoring this fact.

DJ dropped 450 points on Friday . below major support on the daily and chfjpy went UP 100 points NOT down ....

100 is possible , but unlikely while gold is flying high.

chfjpy is in a strong upward channel since august and right now it is becoming more bullish as it breaks the top of the channel The rapid rsi is in overbought , but the macd is wide opne and histogram is way above 0 line

On a 1-2-3 buy on the daily we just broke the 78.6 % fe at 102.68 . This could move up to 104 zone , maybe even the 127 % fe at 105.3.

Attachment
malcolmb
we have seen fall DOW past week
we see more risk aversion in financial markets
with this fall DOW we must will see decrease in demand high yelid
also unwind carry trade and gain yen again USD
on the other hand cut rate by BOC. maybe below 100 no below 97
  • #90,467
  • Jun 8, 2008 9:07am Jun 8, 2008 9:07am
Quoting malcolmb14
yes.

I use rapid rsi , open range ( go to www.marketgauge.com for free ebook trading the 10 o'clock bulls for open range trading) and a 50 sma envelope

wait till 30 minutes of market to pass (6:30 to 7am pst) and then see if there is a trade trigger.

Ideally on 1 contrcat you want to let it run 40 points plus

I like 3 min chart to trade from .

Pirce action will tell you if it is choppy or not. If it is wait for it to settle.

Here is 3 min on 29th May . The market was very choppy for 1st 1 hour. I used the open rnage breakout candles + or -15 points for entry

In other words 07:12 pst low was 12555- 15 = 12540 entry ( did not get filled = no trade)
0721 high was12613 +15 = 12228 ... did not get filled = false break out , no trade ,
0730 low12549 , -15 points = 12334 , no trade false breakdown
0745 high 12627+15 = 12642 , filled at 0845 , went to high at 12720 by 10:00 ( 80 points x 5 = 450 profit on 1 contract NO DRAW DOWN)

Then a treble top formed with bearish div at 10am , rapid rsi gave a sell trigger , candle low was 12705 - 15 pips = 12690 entry . this was filled with a 20 point draw down ( stops are 30 points). Price dropped to 12616 into close , another 75 points x 5 = 375

so for day on 1 contract , by taking the right trades and being patient you could have got 825 on 1 contract by day trading

Attachment
wow...thats a lot of info mate...which broker do u use??
  • #90,468
  • Jun 8, 2008 9:08am Jun 8, 2008 9:08am
Quoting hussin naiji
malcolmb
we have seen fall DOW past week
we see more risk aversion in financial markets
with this fall DOW we must will see decrease in demand high yelid
also unwind carry trade and gain yen again USD
on the other hand cut rate by BOC. maybe below 100 no below 97
but i dont know why with fall 350 pips in DOW
we have seen only a fall 80 pips in USDYEN
  • #90,469
  • Jun 8, 2008 9:13am Jun 8, 2008 9:13am
Quoting hussin naiji
but i dont know why with fall 350 pips in DOW
we have seen only a fall 80 pips in USDYEN
See relationship of US 10 year yield bonds and USDJPY
  • #90,470
  • Jun 8, 2008 9:17am Jun 8, 2008 9:17am
Quoting malcolmb14
Right now usdchf is moving up very fast based on gold .. if gold screams up into 1000 + based on troubles in Iran than usdchf is likely to gain about 500 pips in the next few days.
Attachment
A request for clarification:

Surely you mean usdchf is moving DOWN very fast based on gold and if gold screams up, then usdchf is likely to lose about 500 pips? Otherwise it would seem you are saying chf is anticorrelated with gold, which doesn't make any sense
.
  • #90,471
  • Jun 8, 2008 9:21am Jun 8, 2008 9:21am
pizza anyone?
  • #90,472
  • Jun 8, 2008 9:23am Jun 8, 2008 9:23am
Quoting Clouds
See relationship of US 10 year yield bonds and USDJPY
Clouds
every day im monitoring US .10 year yield .even we see a weekly close below 3.93
  • #90,473
  • Jun 8, 2008 9:23am Jun 8, 2008 9:23am
Quoting hussin naiji
but i dont know why with fall 350 pips in DOW
we have seen only a fall 80 pips in USDYEN

because they are buying hussin, this will all show a fake once again
"Millionaires don't use astrology, billionaires do"
  • #90,474
  • Jun 8, 2008 9:24am Jun 8, 2008 9:24am
Quoting lilmoe
pizza anyone?
ya allah
dear lilmoe
  • #90,475
  • Jun 8, 2008 9:27am Jun 8, 2008 9:27am
Quoting hussin naiji
ya allah
dear lilmoe

hello dear sir

  • #90,476
  • Jun 8, 2008 9:27am Jun 8, 2008 9:27am
Quoting OrionsWay
because they are buying hussin, this will all show a fake once again
maybe
i think we will see a large fall for usdyen in this week
i agree with below 103
  • #90,477
  • Jun 8, 2008 9:28am Jun 8, 2008 9:28am
209? or 208?



Quoting ukvipersden
All eyes on Asia: for gebby AND Dow action Would not be at all surprised if the Dow closes positive
Sophia L had the most beautiful eyes
http://www.fest21.com/files/images/Sophia%20Loren.jpg
greed+gluttony+self-indulgence+craving= success
  • #90,478
  • Jun 8, 2008 9:29am Jun 8, 2008 9:29am
hiya malcomb, scrat, MK, rustyy, orion, karmo, and everyone else i didn't mention

did u guys have a nice weekend??

malcomb, did u enjoy ur birthday?
tell what u did, i won't tell anyone
  • #90,479
  • Jun 8, 2008 9:31am Jun 8, 2008 9:31am
Quoting lilmoe
hello dear sir

i will go to Hawaii in the next week
  • #90,480
  • Jun 8, 2008 9:33am Jun 8, 2008 9:33am
Quoting lilmoe
pizza anyone?
Yes please .. what toppings do u have? I like Sausage & Pepperoni with lots of Jalapeno on it ..
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