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

  • #91,861
  • Jun 10, 2008 1:24pm Jun 10, 2008 1:24pm
in 5 hours lots of jpy news...looks like we'll have to wait once more til then for direction...
  • #91,862
  • Jun 10, 2008 1:26pm Jun 10, 2008 1:26pm
Quoting Piters
Yes, possible, look at your 1H
if 209.90 fails, this should hit 207.1x as a first target by the end of tokyo
  • #91,863
  • Jun 10, 2008 1:26pm Jun 10, 2008 1:26pm
Quoting ovaforty
weekly is bearish also. She broke the aqua colored 100 sma, already, and will target the red 200 sma at the 1.90 area. Moms are bearish. She is testing the weekly 5 sma low, which she already breached previously and retraced a bit up.
I agree with most of what you say as I am bearish biased on this pair too, but I trade it both ways. I see this going to 1.9600-30 between now and tomorrow as long as we stay above 1.9460....
Patience + Discipline - Greed = Success
  • #91,864
  • Jun 10, 2008 1:27pm Jun 10, 2008 1:27pm
Quoting ovaforty
weekly is bearish also. She broke the aqua colored 100 sma, already, and will target the red 200 sma at the 1.90 area. Moms are bearish. She is testing the weekly 5 sma low, which she already breached previously and retraced a bit up.
Report in today's FT says 'analysts' (hate that word) are expecting one more rate hike from the BofE before year-end. Man, if that's true: goodbye housing market. Wonder how this will play with traders
  • #91,865
  • Jun 10, 2008 1:27pm Jun 10, 2008 1:27pm
Take a look at the asian markets. The majority of the world's forex reserves are held by asian entities. The bubble has hit and burst a bit on the hang seng, etc. They are buying the USD to hedge for now.
  • #91,866
  • Jun 10, 2008 1:29pm Jun 10, 2008 1:29pm
Quoting Infinity
I agree with most of what you say as I am bearish biased on this pair too, but I trade it both ways. I see this going to 1.9600-30 between now and tomorrow as long as we stay above 1.9460....
yeah, be prepared to sell any rally after you get your gains...
  • #91,867
  • Jun 10, 2008 1:29pm Jun 10, 2008 1:29pm
Quoting ovaforty
Take a look at the asian markets. The majority of the world's forex reserves are held by asian entities. The bubble has hit and burst a bit on the hang seng, etc. They are buying the USD to hedge for now.
Loving your analysis and charts OF
  • #91,868
  • Jun 10, 2008 1:31pm Jun 10, 2008 1:31pm
Quoting ovaforty
Take a look at the asian markets. The majority of the world's forex reserves are held by asian entities. The bubble has hit and burst a bit on the hang seng, etc. They are buying the USD to hedge for now.
I believe that they are buying the OIL to hedge..
  • #91,869
  • Jun 10, 2008 1:32pm Jun 10, 2008 1:32pm
thanks! it's already on the charts .

Quoting GodfreyH
Ok, I have a macd crossing alert, its a .ex file , not mq4, so I can't pre-adjust the settings.

The alert settings are self-explanatory, but for your macd settings (I believe you use (5-34-9) are as follows:

INPUT1: 5
INPUT2: 34
INPUT3: 9
INPUT4: USE 0 FOR CROSSING OF MACD MA LINES, USE 1 FOR CROSSING OF 0 LEVEL. (took me a while to figure that out)
INPUT 5: 0
The indicator gives the alert after the close of the bar that crossed the zero line, however, [Bar shift] may adjust where it places the arrow.

The top chart is crossing of macd MA lines
The bottom chart crossing of 0 LEVEL

Now the thing is, depending on how it was coded, macd histograms may differ slightly with respect to how long the individual bars are, and therefore where the zero line is actually placed. So I've included the coloured MACD that I use this indicator with. Hope this helps.
Nihil Sine Deo.
  • #91,870
  • Jun 10, 2008 1:33pm Jun 10, 2008 1:33pm
i haven't posted here in a while because I haven't been trading Geppy. With a bullish usd/jpy and a bearish cable, I dont see the logic in it yet.
  • #91,871
  • Jun 10, 2008 1:33pm Jun 10, 2008 1:33pm
Quoting lilmoe
if 209.90 fails, this should hit 207.1x as a first target by the end of tokyo
Exactly, lower TL on 1H +100sma
  • #91,872
  • Jun 10, 2008 1:34pm Jun 10, 2008 1:34pm
Quoting Piters
I believe that they are buying the OIL to hedge..
Somebody is.....
  • #91,873
  • Jun 10, 2008 1:34pm Jun 10, 2008 1:34pm
Here is 60 min chart

Lovely rapid rsi and macd buy triggers setting up.

The move of last night came right to the 123.6 fe on a 1-2-3 buy on the 60 min and stopped dead on it.

I like to add 75 pips to my 60 min buy triggers to make sure that in fact they are not false triggers , this takes us above the 100 % fe at 210.44 for entry.

Targets could include the 210.88 and 212 zone if the 60 min trigger plays out.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 164 KB
Blogging daily now at www.volume.zone
  • #91,874
  • Jun 10, 2008 1:37pm Jun 10, 2008 1:37pm
Quoting ovaforty
Somebody is.....
It''s not me.. Honestly..

Ben ? maybe? I can smell fresh print Paint !!
  • #91,875
  • Jun 10, 2008 1:37pm Jun 10, 2008 1:37pm
Quoting Piters
Exactly, lower TL on 1H +100sma
there's also a bull flag on my m5 chart. price is REFUSING to breach it downwards. i'm setting my SL at B/E now.
  • #91,876
  • Jun 10, 2008 1:37pm Jun 10, 2008 1:37pm
Quoting ovaforty
Somebody is.....
i feel your frustration bro
  • #91,877
  • Jun 10, 2008 1:39pm Jun 10, 2008 1:39pm
here is a set up for ya on the eur/gbp daily. Wedge formation. Tightening range. Breakout is coming. Look for a rejection at the bottom of the range to buy it.
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp daily.gif Size: 26 KB
  • #91,878
  • Jun 10, 2008 1:42pm Jun 10, 2008 1:42pm
Quoting Scrat
i'm not stubborn!
..hehee
Just came back from lunch .. and the price still doesn't come down much but Dow's pace is faster ..
  • #91,879
  • Jun 10, 2008 1:50pm Jun 10, 2008 1:50pm
well, US session is closing soon, g-j broke through a minor trendline, i think we can call it a short.
Nihil Sine Deo.
  • #91,880
  • Jun 10, 2008 1:55pm Jun 10, 2008 1:55pm
Monthly Geppy is showing a retracement to the brown 55 sma after a rejection of cluster support of the 50% fib, the 100 sma (aqua colored), the 150 sma (teal colored), the red 200 sma, and the green 250 sma.

The 100 and 150 are crossed up above the 200 red.

This why I am looking to short it when I get the sell signal. I am standing aside for a while in this pair.

(edit) the brown 55 sma and the monthly 5 sma high are providing cluster resistance, along with the 38% fib.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy monthly.gif Size: 25 KB
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