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

  • #96,661
  • Jun 24, 2008 5:26am Jun 24, 2008 5:26am
Quoting gimp
What i see i don't like, we are in the middle of the up channel, so it's 50/50 chance either way... i'll take some quick trades, but no long term positions. The QQE on 1H and 4H chart is pointing south, but i'm not convinced, because in the last months the general swings were to the north. I'm also confused here, can someone please explain why GBP was strengthening against JPY even when stocks are/were low? I'd be expecting just the opposite.
Easy, the yen keeps getting hammered due to Bernankevention. First it was the Bear Stearns rescue, then the Treasuries lending, then the TAF and then the TAF again, and again, and again

Now its his interest jawboning competition with Trichet. Whats concerning me is that even though Benny's crawled back (at least a little) into his hid-e-hole, this thing hasn't yet plummetted. Oh well. FOMC will tell.
  • #96,662
  • Jun 24, 2008 5:28am Jun 24, 2008 5:28am
Quoting pal.forex
i think that also
great analysis
  • #96,663
  • Jun 24, 2008 5:36am Jun 24, 2008 5:36am
Quoting belekas
We might see a possible nice long nose pinbar forming on 4hr tf below dayly r1 if it breaks short @ 212.16 im gonna jump in, but still alot of time so lets see how this plays out

Cheers yall
ive wrote "if it breaks short @ 212.16", so i ment only short, went in short @ that price and banked 40 pips near DP and WP.
  • #96,664
  • Edited 6:11am Jun 24, 2008 5:36am | Edited 6:11am
gopher short pulled it together

covered euro long taken last night at 5493


Hedged the short gopher to lock profits, maybe add on this little pullback if continuation looks promising, which at this point it does BUT...... we must change with the winds, or our tree snaps
"Millionaires don't use astrology, billionaires do"
  • #96,665
  • Jun 24, 2008 6:10am Jun 24, 2008 6:10am
Quoting OrionsWay
gopher short pulled it together

covered euro long taken last night at 5493
are you long gopher now
  • #96,666
  • Jun 24, 2008 6:14am Jun 24, 2008 6:14am
Quoting eric_charbon
are you long gopher now

hedged it eric, just in case, would rather toss a few pips out on coninuation south to save the entry up top since its a real good one and if it becomes a reversal here i have a good long and will just transfer lshort to long OR will close the long hedge and add more shorts if just a slight pullback


Overall though would like to see a little more drop down into here, and buy and hold for long time long time, lookin at weekly chart we are close to bottom of a large channel i think


A little bit of trade management here for me but, its something to do LOL
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"Millionaires don't use astrology, billionaires do"
  • #96,667
  • Jun 24, 2008 6:30am Jun 24, 2008 6:30am
Quoting OrionsWay
hedged it eric, just in case, would rather toss a few pips out on coninuation south to save the entry up top since its a real good one and if it becomes a reversal here i have a good long and will just transfer lshort to long OR will close the long hedge and add more shorts if just a slight pullback


Overall though would like to see a little more drop down into here, and buy and hold for long time long time, lookin at weekly chart we are close to bottom of a large channel i think


A little bit of trade management here for me but, its something to do LOL

Orion, what is your opinion regarding the EW now? I think we are in wave 3 (TF H4).
  • #96,668
  • Jun 24, 2008 6:36am Jun 24, 2008 6:36am
Quoting PandoraBox
Orion, what is your opinion regarding the EW now? I think we are in wave 3 (TF H4).

click the link pandora a maybe count basically a cpl ABC's maybe

res around 0466 area now for hr
"Millionaires don't use astrology, billionaires do"
  • #96,669
  • Jun 24, 2008 6:40am Jun 24, 2008 6:40am
I take a long ride. Juz my analysis.
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  • #96,670
  • Jun 24, 2008 6:42am Jun 24, 2008 6:42am
Quoting OrionsWay
hedged it eric, just in case, would rather toss a few pips out on coninuation south to save the entry up top since its a real good one and if it becomes a reversal here i have a good long and will just transfer lshort to long OR will close the long hedge and add more shorts if just a slight pullback


Overall though would like to see a little more drop down into here, and buy and hold for long time long time, lookin at weekly chart we are close to bottom of a large channel i think


A little bit of trade management here for me but, its something to do LOL
consumer confidence might help drag it down a little further too before reversing with Benny tomorrow...just a thought
  • #96,671
  • Jun 24, 2008 6:45am Jun 24, 2008 6:45am
Quoting OrionsWay
hedged it eric, just in case, would rather toss a few pips out on coninuation south to save the entry up top since its a real good one and if it becomes a reversal here i have a good long and will just transfer lshort to long OR will close the long hedge and add more shorts if just a slight pullback


Overall though would like to see a little more drop down into here, and buy and hold for long time long time, lookin at weekly chart we are close to bottom of a large channel i think


A little bit of trade management here for me but, its something to do LOL

That was an A trade if I ever saw one, shame it didn't have the legs to run further (or at least it hasn't yet)

The Schiff median line (turquoise) that had previously been respected provided enough support to shake me out. Shorts still look good, perhaps 2.0250 -2.0300 could be a reasonable target but awaiting a better entry. Something to look at until GJ drags itself out of this coma at least...
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  • #96,672
  • Jun 24, 2008 6:47am Jun 24, 2008 6:47am
Quoting eric_charbon
consumer confidence might help drag it down a little further too before reversing with Benny tomorrow...just a thought

Eric news is just a catalyst to move large mounts of holdings quickly, directions are already positioned before any news release UNLESS unexpected occurs which hasnt been foreseen or total acts of GOD
"Millionaires don't use astrology, billionaires do"
  • #96,673
  • Jun 24, 2008 6:50am Jun 24, 2008 6:50am
Quoting OrionsWay
click the link pandora a maybe count basically a cpl ABC's maybe

res around 0466 area now for hr

IMO GJ, GJ need to break 213.54, Next 220.99, for H4 TF
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  • #96,674
  • Jun 24, 2008 6:51am Jun 24, 2008 6:51am
Quoting birdt
That was an A trade if I ever saw one, shame it didn't have the legs to run further (or at least it hasn't yet)

The Schiff median line (turquoise) that had previously been respected provided enough support to shake me out. Shorts still look good, perhaps 2.0250 -2.0300 could be a reasonable target but awaiting a better entry. Something to look at until GJ drags itself out of this coma at least...
I agree, the entry was hard to manage offering no real intent to going down at the begining of the fall yesterday
  • #96,675
  • Jun 24, 2008 6:52am Jun 24, 2008 6:52am
Quoting birdt
That was an A trade if I ever saw one, shame it didn't have the legs to run further (or at least it hasn't yet)

The Schiff median line (turquoise) that had previously been respected provided enough support to shake me out. Shorts still look good, perhaps 2.0250 -2.0300 could be a reasonable target but awaiting a better entry. Something to look at until GJ drags itself out of this coma at least...

Thats my thinking exactly, nice work on them Forks Bird nice indeed. Them fork shifts are really amazing, Look into the modified schiff as well 3 sets total from 1 set of points.
"Millionaires don't use astrology, billionaires do"
  • #96,676
  • Jun 24, 2008 6:52am Jun 24, 2008 6:52am
Quoting OrionsWay
Eric news is just a catalyst to move large mounts of holdings quickly, directions are already positioned before any news release UNLESS unexpected occurs which hasnt been foreseen or total acts of GOD
so true, i have observed that previously
  • #96,677
  • Jun 24, 2008 6:56am Jun 24, 2008 6:56am
Pandora, very well could be 4hr triangle in the makings it looks, break north probable if the Yen isnt SOLD, and being talked up $ cant imagine them letting go Prolly see Yen 120,130 over time
"Millionaires don't use astrology, billionaires do"
  • #96,678
  • Jun 24, 2008 7:00am Jun 24, 2008 7:00am
Kill Kill ....People
  • #96,679
  • Jun 24, 2008 7:04am Jun 24, 2008 7:04am
possible short additions area 0510 for the gopher
"Millionaires don't use astrology, billionaires do"
  • #96,680
  • Jun 24, 2008 7:12am Jun 24, 2008 7:12am
Cable sell zone 9800-9836 area buy a break, check the gss pedal on approach prolly be exhausted
"Millionaires don't use astrology, billionaires do"
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