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

  • #96,341
  • Jun 22, 2008 9:03pm Jun 22, 2008 9:03pm
Quoting Money-RX
Depends on how much correlation these days to US. Dow is tanking daily and quite possible on its way to 10,000. Oil is killing US economy, retail sales an abberation that probably won't be repeated, inflation, etc. etc.
And lets not forget the upcoming election.

IMO the beast in for a major drop before any kind of serious bull action.

What is the reason for Major Drop?
  • #96,342
  • Jun 22, 2008 9:05pm Jun 22, 2008 9:05pm
Quoting pkimnyc
I doubt that. I think, corrections don't have 5 wave structures.
downtrends we had clearly is impulsive moves.
Judging from other yen pairs, it was.
  • #96,343
  • Jun 22, 2008 9:08pm Jun 22, 2008 9:08pm
Quoting ultimate
Do you actually beleive that number? Have you heard of cooking the books?
There always cooking it This is not the first time, but as a trader you will know what to do.
  • #96,344
  • Jun 22, 2008 9:09pm Jun 22, 2008 9:09pm
Quoting quecee5


The charts tells us what to do, we do it then wait for th price to go to our TP. . . Simple as that. . .

Good night all should be a great week, that is if you are on the right side of the trade. . .

I'm currently,
Short GJ
Short UJ
Long EU

I'm long UJ now
lets wait ans see
  • #96,345
  • Jun 22, 2008 9:14pm Jun 22, 2008 9:14pm
Quoting Jerry
I'm long UJ now
lets wait ans see
= =

Lower TF's say up a bit to 107.35/45 area then back down over the next couple of sessions to 106.55/65 area. . .

But trade what u see not as I say, this is just my assessment of where price might go. . .

Daily Chart 4 u. . .
Attached Image (click to enlarge)
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  • #96,346
  • Jun 22, 2008 9:22pm Jun 22, 2008 9:22pm
Gooooooooooooood Night ALLLLLLLLLLLLLLL =

Back in a few hours =
  • #96,347
  • Jun 22, 2008 9:23pm Jun 22, 2008 9:23pm
Quoting quecee5
= =

Lower TF's say up a bit to 107.35/45 area then back down over the next couple of sessions to 106.55/65 area. . .

But trade what u see no as I say, this is just my assessment of where price might go. . .

Daily Chart 4 u. . .
lets wait and see , i know i'm not in your campguys i see big fall after 110 it looks crazy but .. lets wait and see..
  • #96,348
  • Jun 22, 2008 9:29pm Jun 22, 2008 9:29pm
Quoting Jerry
lets wait and see , i know i'm not in your campguys i see big fall after 110 it looks crazy but .. lets wait and see..
Naw bro, just giving u my opinion and that's what it is an opinion.

Trade your charts which is the best a trader can do, I just try to let people see the other side of the equation. That way we all can see the glass half empty and the glass half full. . .

Here is a weekly chart 4 u. . . It looks like 106.60 area will be touched. Price will only head to 210 area if this 55 EMA @ 109.05 is taken out which is has failed there once. Price also couldn't close over 108 the last couple of days last week which is another reason I think a top is in place short-term. .

But heh, like u said we shall see. . .
Attached Image (click to enlarge)
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  • #96,349
  • Jun 22, 2008 9:30pm Jun 22, 2008 9:30pm
Quoting Jerry
lets wait and see , i know i'm not in your campguys i see big fall after 110 it looks crazy but .. lets wait and see..
Curious why you see a 'big fall' for any yen pair? chf/jpy has been in an uptrend for +5 years., so has most all yen pairs. USD and the pound are strengthening. Japanese exporters are buying UJ. I see big fall for gbp/chf, or i see 1.8 for eur/usd, but why, why does anyone see a fall for yen??? UJ has not been in a downtrend for very long, 1 year, and before that it was in an up trend.
  • #96,350
  • Jun 22, 2008 9:54pm Jun 22, 2008 9:54pm
Quoting Clouds
Curious why you see a 'big fall' for any yen pair? chf/jpy has been in an uptrend for +5 years., so has most all yen pairs. USD and the pound are strengthening. Japanese exporters are buying UJ. I see big fall for gbp/chf, or i see 1.8 for eur/usd, but why, why does anyone see a fall for yen??? UJ has not been in a downtrend for very long, 1 year, and before that it was in an up trend.
big fall i mean to 105-103 from 110... it's big fall for me..
posted this chart 2 days ago
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  • #96,351
  • Jun 22, 2008 10:02pm Jun 22, 2008 10:02pm
Quoting Jerry
big fall i mean to 105-103 from 110... it's big fall for me..
posted this chart 2 days ago
UJ is a difficult pair. It did go from 100 to 105 before fall to 102.5, so it may go from 105 to 110 to 107.5, if u look on daily, on april 10th it touched sma, and went from 100 to 105 after a month, then dropped half to 102.5, seems it touched sma again at 105. It's really anyone's guess with this pair, cause it can be slow, and then 1 day go crazy. More upside is possible and a correction is possible. This pair can drive person crazy.
  • #96,352
  • Jun 22, 2008 10:17pm Jun 22, 2008 10:17pm
support, 1.97, 1.973?
Attached Image
  • #96,353
  • Jun 22, 2008 10:19pm Jun 22, 2008 10:19pm
"CIT" means change in trend, or crap in toilet if it suits you...

Well, half the folks are saying down and some are saying up for the GBPJPY. The minute it crosses 212.30 or so it will signal an uptrend.

The thing I like is that TOO many people are shorting it. And the majority of these people will not win.

Al
  • #96,354
  • Jun 22, 2008 10:30pm Jun 22, 2008 10:30pm
Quoting Jerry
big fall i mean to 105-103 from 110... it's big fall for me..
posted this chart 2 days ago
hi Jerry
this is my viewpoint about UJ
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  • #96,355
  • Jun 22, 2008 10:32pm Jun 22, 2008 10:32pm
Quoting hussin naiji
hi Jerry
this is my viewpoint about UJ
  • #96,356
  • Jun 22, 2008 10:36pm Jun 22, 2008 10:36pm
  • #96,357
  • Jun 22, 2008 10:39pm Jun 22, 2008 10:39pm
Quoting quecee5
sorry
hi Q ,my dear Bro
yes
i think we must see again some traders that will drop in trap of UJ
see u later
bye
best regards
hussin
  • #96,358
  • Jun 22, 2008 10:40pm Jun 22, 2008 10:40pm
Quoting zebra7860
"CIT" means change in trend, or crap in toilet if it suits you...

Well, half the folks are saying down and some are saying up for the GBPJPY. The minute it crosses 212.30 or so it will signal an uptrend.

The thing I like is that TOO many people are shorting it. And the majority of these people will not win.

Al
Would that be the lower 1/2 or larger 1/2 ???

Why 212.30 ???
  • #96,359
  • Jun 22, 2008 10:42pm Jun 22, 2008 10:42pm
Quoting hussin naiji
sorry
hi Q ,my dear Bro
yes
i think we must see again some traders that will drop in trap of UJ
see u later
bye
best regards
hussin
  • #96,360
  • Jun 22, 2008 10:43pm Jun 22, 2008 10:43pm
whye 212.30?

Because it reflects a geometrical symmetry that is evident on a 60 minute chart which also ties in to the 4 hour arc.

I would rather go long on higher prices than to bottom fish here. Besides, it is still a few hours away..

Al
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