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

  • #90,521
  • Jun 8, 2008 1:50pm Jun 8, 2008 1:50pm
Quoting hussin naiji
lilmoe
i have gone short EJ in past Fri
You may cut out a little bit from it but you have to realize that we just saw a buovb on the weekly charts. After a retracement, we will be heading further upwards into that resistance zone. It will rise along with the euro IMO and that's telling me that we shouldn't be shorting anytime soon. Depending on how long you plan on holding your position, you could possibly obtain 100-150 pips on the retracement as the daily charts look exhausted. I'd be planning to add more longs at that area if we would get there. What are your thoughts or comments? They are much appreciated.
I dream, therefore I become.
  • #90,522
  • Jun 8, 2008 1:51pm Jun 8, 2008 1:51pm
Quoting mike w
I wouldn't call myself talented folk, but I just posted about the g/u buying opportunity and the short usd/chf based on technicals after a retracement. These are probably nothing that everyone hasn't seen yet anyways though.

The nzd/usd looks to be a good buy on a bullish daily bar if you'll check out the monthly. I posted charts in my journal of it which might show a better picture. These are longer term trades, couple days to weeks (I don't know if you call that longer term really...maybe medium term lol

Mike nice spot on NZDUSD.

The daily formation is a bull flag that completed on the 50% retrecement of the up move from august to Mar

The 4 hour has buy triggers setting up .

In a 1-2-3 buy formation on the 4 hour there are upside targets

0.7706
0.7761 (June 13th)
0.7800 ( top of flag) (June 15th)
0.7900 (June 18th)

I copied the move from the beginning of the month and assumed the same trendline slope giving me the targets

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd daily.png Size: 278 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 4hr.png Size: 234 KB
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  • #90,523
  • Jun 8, 2008 1:53pm Jun 8, 2008 1:53pm
Ok thanks i got the link. But anyone who has used it before vouch for its reliability. Thats the only feed showing a gap down while all others are at the same price GJ closed on friday.

Thanks
  • #90,524
  • Jun 8, 2008 1:53pm Jun 8, 2008 1:53pm
Quoting mike w
Hey Malcolm, I like you thoughts on the trade, but I'd like to ask if you would consider your targets conservative or no? IMO, If 1.99 is broken, then I think we should be in for more upside than 2.000. That would be the break of the monthly pin bar and with that more buying pressure would come into play as bears will start exiting positions and realizing it. I would expect targets to be at least a few hundred pips to be above 2.000. What do you think? Are there any underlying reasons why you would think 2.000 to be a target if that is the case, instead of a few hundred more? Thanks for your time Malcolm.

we could go as high as 2.0300
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  • #90,525
  • Jun 8, 2008 1:54pm Jun 8, 2008 1:54pm
Quoting iksh
Ok thanks i got the link. But anyone who has used it before vouch for its reliability. Thats the only feed showing a gap down while all others are at the same price GJ closed on friday.

Thanks

try this

http://www.thebulliondesk.com/

click on currencies
Blogging daily now at www.volume.zone
  • #90,526
  • Jun 8, 2008 1:54pm Jun 8, 2008 1:54pm
Quoting iksh
Ok thanks i got the link. But anyone who has used it before vouch for its reliability. Thats the only feed showing a gap down while all others are at the same price GJ closed on friday.

Thanks
gbpjpy - 58 pips
eur +2
gbp-4
Blogging daily now at www.volume.zone
  • #90,527
  • Jun 8, 2008 1:56pm Jun 8, 2008 1:56pm
Quoting lilmoe
i did say i will wait for a reversal. and i'm not really sure if the europeans will allow it to climb that far. u have no idea what kind of DEEP Crap they're exports is going through.

euro zone whining at last G7 meeting .. but Trichet still very Hawkish

and charts are going vertical for now
Blogging daily now at www.volume.zone
  • #90,528
  • Jun 8, 2008 1:56pm Jun 8, 2008 1:56pm
Quoting malcolmb14
Mike nice spot on NZDUSD.

The daily formation is a bull flag that completed on the 50% retrecement of the up move from august to Mar

The 4 hour has buy triggers setting up .

In a 1-2-3 buy formation on the 4 hour there are upside targets

0.7706
0.7761 (June 13th)
0.7800 ( top of flag) (June 15th)
0.7900 (June 18th)

I copied the move from the beginning of the month and assumed the same trendline slope giving me the targets

Attachment

Attachment
Thanks Malcolm and I absolutely love your analysis of it. It's very similar to mine and it's always nice to be in good company. I've seen you talk about 1-2-3 formations quite a bit, but I'm still fairly unfamiliar...I guess I have some reading to do before I can get to your level of knowledge my friend!
I dream, therefore I become.
  • #90,529
  • Jun 8, 2008 1:56pm Jun 8, 2008 1:56pm
I am seeing a pretty safe trade to take usdchf down to 1. for starters.

Friday broke through a tl and now should be on to the next. if it retraces, probably a good place to add a second position would be 1.025 to 1.0275 area.

anyone else thinking this is a good trade?

Attached Image (click to enlarge)
Click to Enlarge Name: uchf.jpg Size: 122 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #90,530
  • Jun 8, 2008 1:59pm Jun 8, 2008 1:59pm
Quoting malcolmb14
we could go as high as 2.0300
Excellent, thanks for the response Malcolm. That's where I would think to have targets at- in the 2.02 and 2.03 area at the extreme. The bar from 3 months ago had a high in the upper 2.03's which was an area of resistance back in september. I would look to see a pullback from that point. Once and if we get to the 2.02's, I plan on placing my stops there and seeing how it moves from that point.
I dream, therefore I become.
  • #90,531
  • Jun 8, 2008 2:01pm Jun 8, 2008 2:01pm
Quoting malcolmb14
Mike nice spot on NZDUSD.

The daily formation is a bull flag that completed on the 50% retrecement of the up move from august to Mar

The 4 hour has buy triggers setting up .

In a 1-2-3 buy formation on the 4 hour there are upside targets

0.7706
0.7761 (June 13th)
0.7800 ( top of flag) (June 15th)
0.7900 (June 18th)

I copied the move from the beginning of the month and assumed the same trendline slope giving me the targets

Attachment

Attachment
definitely seeing .7880 as pretty easy to reach

i also have weekly support at .7570 ish area.....we need to make sure it won't go there first

Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 131 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #90,532
  • Jun 8, 2008 2:03pm Jun 8, 2008 2:03pm
Quoting damonl
I am seeing a pretty safe trade to take usdchf down to 1. for starters.

Friday broke through a tl and now should be on to the next. if it retraces, probably a good place to add a second position would be 1.025 to 1.0275 area.

anyone else thinking this is a good trade?

Attachment
I would also look at this trendline. If I drew correctly. Just my thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 14.png Size: 15 KB
  • #90,533
  • Jun 8, 2008 2:07pm Jun 8, 2008 2:07pm
Quoting malcolmb14
euro zone whining at last G7 meeting .. but Trichet still very Hawkish

and charts are going vertical for now
bro, try placing a monthly chart on your platform, no indicators, just a naked chart. have something in mind; NOTHING stays going up. i'm predicting 1.37 and BELOW by the end of 2009. and i really think we'll have a SHARP fall. i bet lots of people will be surprised. keep in mind that last week's rally didn't even reach the week before's high. we're still in a congestion zone if u look at weekly chart. and a breach of 78.6 fib on the previous chart i posted will be highly unlikely imo.

i've been wrong before.
  • #90,534
  • Jun 8, 2008 2:09pm Jun 8, 2008 2:09pm
good morning my dear traders....

what's the menu for today????

i did some last minute revision on my so called system...

actually i have at least 3 demos today..

trying to figure out what's good for me..

well, it's only 1 hour left before the chart starts ticking...

better get a cup of coffee...

I'm not an expert but I can read charts.
  • #90,535
  • Edited 2:28pm Jun 8, 2008 2:15pm | Edited 2:28pm
GBP/CHF short-term buying opportunity perhaps... But further downside is possible P.S. My chart isn't correct, it only went down to 2.007
Attached Image


Another chart, possible target 2.07 from descending trendline of highs
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 16.png Size: 15 KB
  • #90,536
  • Jun 8, 2008 2:16pm Jun 8, 2008 2:16pm
Quoting lilmoe
bro, try placing a monthly chart on your platform, no indicators, just a naked chart. have something in mind; NOTHING stays going up. i'm predicting 1.37 and BELOW by the end of 2009. and i really think we'll have a SHARP fall. i bet lots of people will be surprised. keep in mind that last week's rally didn't even reach the week before's high. we're still in a congestion zone if u look at weekly chart. and a breach of 78.6 fib on the previous chart i posted will be highly unlikely imo.

i've been wrong before.

actually, the fall should start signaling in october of this year. and might gain momentum on november. and 2009 might be a shorting year for euro.

my 5 pips.

ps: i'm betting with jacko on this one. u SHOULD know that i put lots of effort in predicting this

do u have any idea what it would be like to lose to jacko???
  • #90,537
  • Jun 8, 2008 2:17pm Jun 8, 2008 2:17pm
i'm going for 2.0450 - 2.06, but we'll know for sure at 1.9950 area.

Quoting mike w
Hey Malcolm, I like you thoughts on the trade, but I'd like to ask if you would consider your targets conservative or no? IMO, If 1.99 is broken, then I think we should be in for more upside than 2.000. That would be the break of the monthly pin bar and with that more buying pressure would come into play as bears will start exiting positions and realizing it. I would expect targets to be at least a few hundred pips to be above 2.000. What do you think? Are there any underlying reasons why you would think 2.000 to be a target if that is the case, instead of a few hundred more? Thanks for your time Malcolm.
Nihil Sine Deo.
  • #90,538
  • Jun 8, 2008 2:17pm Jun 8, 2008 2:17pm
Quoting forexgodess
good morning my dear traders....

what's the menu for today????

i did some last minute revision on my so called system...

actually i have at least 3 demos today..

trying to figure out what's good for me..

well, it's only 1 hour left before the chart starts ticking...

better get a cup of coffee...
honey roast chicken with mashed potatoes.
vegi lovers pizza.

wussup.
  • #90,539
  • Jun 8, 2008 2:19pm Jun 8, 2008 2:19pm
Quoting mike w
You may cut out a little bit from it but you have to realize that we just saw a buovb on the weekly charts. After a retracement, we will be heading further upwards into that resistance zone. It will rise along with the euro IMO and that's telling me that we shouldn't be shorting anytime soon. Depending on how long you plan on holding your position, you could possibly obtain 100-150 pips on the retracement as the daily charts look exhausted. I'd be planning to add more longs at that area if we would get there. What are your thoughts or comments? They are much appreciated.
hi dear mike
if pay attention to events Europe- zone in the past weeks, you must see a
decrease with slower of economic growth also on the other hand this slower of economic growth in great partners economic of Europe -zone (china -India ) .
on the other hand with high of value EUR against the other currencies ,we must see a decrease in exports this zone (decrease factory orders and industrial productions )
exactly same calamity that we have seen on Canada .
whether we must accept EUR ECB'S Trichet speaks at OECD??
Im not agree .
if with increase oil price ,ECB must have a hike rate .
why with increase oil price BOC will cut rate in the next week . why ??
i think we can not see a hike rate fro EUR-ZONE .
WITH SLOWER ECONOMIC GROWTH WE WILL SEE A HIKE RATE .
imnot agree
  • #90,540
  • Jun 8, 2008 2:19pm Jun 8, 2008 2:19pm
Quoting lilmoe
bro, try placing a monthly chart on your platform, no indicators, just a naked chart. have something in mind; NOTHING stays going up. i'm predicting 1.37 and BELOW by the end of 2009. and i really think we'll have a SHARP fall. i bet lots of people will be surprised. keep in mind that last week's rally didn't even reach the week before's high. we're still in a congestion zone if u look at weekly chart. and a breach of 78.6 fib on the previous chart i posted will be highly unlikely imo.

i've been wrong before.
i am with you on this one, but not by my analysis......what i am being told is the eurusd will lose all strength. also....with the analysis the usdjpy will range from 203-208 and eurusd weakness, i don't see how eurjpy could stay up for long, but should give us a nice range

also the word I have gotten was gbpjpy to 203 and then a reversal to 200 within 6 months which tells me that it will go much lower before the reversal....

you might think these are far fetched, but this are based on interest rates and interest projections over the time and i find them to continue to be accurate all the times i have been getting these updates..

fwiw....
"Keep your eyes on the helpers" - Mr. Rogers
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