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

  • #93,721
  • Jun 14, 2008 4:55pm Jun 14, 2008 4:55pm
alright, it's 3am here, take care all and have a nice weekend.
  • #93,722
  • Jun 14, 2008 5:06pm Jun 14, 2008 5:06pm
Quoting lilmoe
alright, it's 3am here, take care all and have a nice weekend.
nice week end to you too
The Chonchy
  • #93,723
  • Jun 14, 2008 6:14pm Jun 14, 2008 6:14pm
Quoting hussin naiji
malcolmb
what is viewpoint about usdyen ??
thanks
hussin
simple one .. would not short YEN till she crosses down thru the daily pivot ... very clearly from the 4 hour this is forming major support

Pair is bullish ..USD likely to gain more strength this week

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  • #93,724
  • Jun 14, 2008 8:08pm Jun 14, 2008 8:08pm
Malcolmb,

Daily pivot is already expired. Normally, I use monthly pivot point for the first week. So, the g7 meeting just finish yesterday, the news scenario will be different.

Thanks


Quoting malcolmb14
simple one .. would not short YEN till she crosses down thru the daily pivot ... very clearly from the 4 hour this is forming major support

Pair is bullish ..USD likely to gain more strength this week

Attachment
  • #93,725
  • Edited 8:50pm Jun 14, 2008 8:44pm | Edited 8:50pm
Quoting malcolmb14
simple one .. would not short YEN till she crosses down thru the daily pivot ... very clearly from the 4 hour this is forming major support

Pair is bullish ..USD likely to gain more strength this week

Attachment
I agree I think usd/jpy and usd/chf are going up, and eur/usd and gbp/usd are going down, not much, but there will be down next couple of days, agree?
The Chonchy
  • #93,726
  • Jun 14, 2008 8:50pm Jun 14, 2008 8:50pm
Quoting forex888
Malcolmb,

Daily pivot is already expired. Normally, I use monthly pivot point for the first week. So, the g7 meeting just finish yesterday, the news scenario will be different.

Thanks

You are right the daily pivot has expired.

I do not see much mention of moving averages mentioned in this forum and i hold them in much higher regard than dailky pivots anyway as they are a truer refection of the trend

so let me rephrase what I said :

I would not be going short usdyen till the price crosses below the 20 sma on the 8 hour chart as this has been forming strong support since the last pivot low at 104 ish.

Right now the 10 / 20 and 50 sma are in a strong bull stack on the 8 hour charts. Until this is broken the pull backs should be bought.

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  • #93,727
  • Jun 14, 2008 8:52pm Jun 14, 2008 8:52pm
There is a gap down based on this website real time quotes. Let's see if it holds true when opens tomorrow.

Link: http://www.forex-markets.com/quotes.htm
  • #93,728
  • Jun 14, 2008 8:54pm Jun 14, 2008 8:54pm
Quoting chonchy
I agree I think usd/jpy and usd/chf are going up, and eur/usd and gbp/usd are going down, not much, but there will be down next couple of days, agree?
eurusd I took a little short position in on Friday , thinking it may break down that 1.5300 level if the US whine about their strong USD this weekend in the G8 meeting

If we do breakdown 1.5300 we could easily see 1.5000 later this week

again using the same moving average principle as the last post , as long as we stay under the 20 sma (green line) on the 4hour the eu is a sell on the rallies.

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  • #93,729
  • Jun 14, 2008 8:58pm Jun 14, 2008 8:58pm
I've read a couple of news on latest G8 meeting statements posted on FF, it sounds quite dovish to me as regard to USD dollar and risk aversion will still dominate the market.
Please correct me if am wrong .. thanks.
  • #93,730
  • Jun 14, 2008 8:58pm Jun 14, 2008 8:58pm
Quoting mktjong
There is a gap down based on this website real time quotes. Let's see if it holds true when opens tomorrow.

Link: http://www.forex-markets.com/quotes.htm
get a life and stop posting on the forum on a Saturday night ...

that is like the pot calling the kettle black

http://www.thebulliondesk.com/

is also a great website for quotes on the weekend
Blogging daily now at www.volume.zone
  • #93,731
  • Jun 14, 2008 9:02pm Jun 14, 2008 9:02pm
Quoting malcolmb14
get a life and stop posting on the forum on a Saturday night ...

that is like the pot calling the kettle black

http://www.thebulliondesk.com/

is also a great website for quotes on the weekend
Yeah .. I agree.. but am holding shorts on EJ, GJ, and UJ, thus it does bother me in every second ..but I think am alright ..
Thanks. You too get a life .. hehehe
  • #93,732
  • Jun 14, 2008 9:05pm Jun 14, 2008 9:05pm
does this look reasonable for GU
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  • #93,733
  • Jun 14, 2008 9:21pm Jun 14, 2008 9:21pm
Quoting lilmoe
that's right. a strong dollar will get the market back to being very predictable. i think it won't be too far away.
is this gradually going to happen? or do we need a news release or an increase in interest rates for things to get back to normal?
  • #93,734
  • Jun 14, 2008 10:37pm Jun 14, 2008 10:37pm
Attach 21 SMA & 100SMA on Weekly chart.

Today & 10 years ago. Perhaps this will happen again??
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  • #93,735
  • Jun 15, 2008 1:44am Jun 15, 2008 1:44am
Quoting Clouds
does this look reasonable for GU
Attachment
yea, i have the same TL. and i will trade a breakout. but i'm not sure if that will happen
  • #93,736
  • Jun 15, 2008 2:24am Jun 15, 2008 2:24am
Hi guys.....my new TPL......

Attached Image (click to enlarge)
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http://forum.forexometro.com/showthr...?t=112&page=30
  • #93,737
  • Jun 15, 2008 2:39am Jun 15, 2008 2:39am
Quoting rogerdoger
is this gradually going to happen? or do we need a news release or an increase in interest rates for things to get back to normal?

lol, the dollar has been strengthening regardless of what kind of data we're having. at this rate, we should reach new numbers this coming week or the week after.
  • #93,738
  • Jun 15, 2008 4:04am Jun 15, 2008 4:04am
Quoting malcolmb14
simple one .. would not short YEN till she crosses down thru the daily pivot ... very clearly from the 4 hour this is forming major support

Pair is bullish ..USD likely to gain more strength this week

Attachment
Thanks for the reply Malcolmb! It's much appreciated as I always like to see different viewpoints than my own.
  • #93,739
  • Jun 15, 2008 4:29am Jun 15, 2008 4:29am
hi
i am new member, i hv read your post with deep interest, can u please tell us wat the pros and cons of 20 sma,and what made you use this 20 sma , as you have mentioned that as long as eur is below 200 sma its sell.
Thnkx for your time.
Regards
Stella
  • #93,740
  • Jun 15, 2008 5:28am Jun 15, 2008 5:28am
Quoting malcolmb14
You are right the daily pivot has expired.

I do not see much mention of moving averages mentioned in this forum and i hold them in much higher regard than dailky pivots anyway as they are a truer refection of the trend

so let me rephrase what I said :

I would not be going short usdyen till the price crosses below the 20 sma on the 8 hour chart as this has been forming strong support since the last pivot low at 104 ish.

Right now the 10 / 20 and 50 sma are in a strong bull stack on the 8 hour charts. Until this is broken the pull backs should be bought.

Attachment
I know good advice when I read it. amen to that.
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