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

  • #96,781
  • Jun 24, 2008 4:26pm Jun 24, 2008 4:26pm
Quoting eric_charbon
Hello Orion,
I see alot of resistance for gopher right now prior to tomorrow what do you see through your web short term.

yep right on res atm, added shorts at 0522, stillthinking 0330 area but who knows with the peckerwoods and shit spewing mouths can produce
"Millionaires don't use astrology, billionaires do"
  • #96,782
  • Jun 24, 2008 4:36pm Jun 24, 2008 4:36pm
/JPY crosses may plummet tomorrow on rate decision. It's what is needed,,, a good 300+ pip pull back.
  • #96,783
  • Jun 24, 2008 4:36pm Jun 24, 2008 4:36pm
Quoting OrionsWay
yep right on res atm, added shorts at 0522, stillthinking 0330 area but who knows with the peckerwoods and shit spewing mouths can produce
...doubt there is enough time to reach down to that level prior to tomorrow...
  • #96,784
  • Jun 24, 2008 4:43pm Jun 24, 2008 4:43pm
Quoting eric_charbon
...doubt there is enough time to reach down to that level prior to tomorrow...
COT data supports USD weakness this week
Read from www.dailyfx.com
  • #96,785
  • Jun 24, 2008 4:48pm Jun 24, 2008 4:48pm
Quoting OrionsWay
Srik, whats your take on this market?

From the begining i'm saying we shud test 213-217 before any bottom!

I just buy if it comes down and ride it till 217.20/30
  • #96,786
  • Jun 24, 2008 4:49pm Jun 24, 2008 4:49pm
Quoting Clouds
/JPY crosses may plummet tomorrow on rate decision. It's what is needed,,, a good 300+ pip pull back.
I am even betting it today (not materialized) .. it may start from tonight London session if not Asian session ..imo..
  • #96,787
  • Jun 24, 2008 4:50pm Jun 24, 2008 4:50pm
Quoting mktjong
COT data supports USD weakness this week
Read from www.dailyfx.com
MK
I appreciate this but could you re read the first phrase of the articles, may be they got the title wrong or something

and you were refering to Jamie Seattlee article right...
  • #96,788
  • Jun 24, 2008 4:51pm Jun 24, 2008 4:51pm
Quoting Infinity
I disagree.

and also.....

Why do some of you people come here and try to pick fights with others. It is a learning and sharing process for all and we are all here to learn from each other. Lilmoe provides very good analysis and I am sure his account is "blown"up each month........probably over 20% each month too....
hey infy,

take it easy man.. i was just joking
  • #96,789
  • Jun 24, 2008 4:55pm Jun 24, 2008 4:55pm
Quoting Srikanth
From the begining i'm saying we shud test 213-217 before any bottom!

I just buy if it comes down and ride it till 217.20/30
yep...i concur..baby.......keep buying dips
  • #96,790
  • Jun 24, 2008 4:56pm Jun 24, 2008 4:56pm
Quoting eric_charbon
MK
I appreciate this but could you re read the first phrase of the articles, may be they got the title wrong or something

and you were refering to Jamie Seattlee article right...
Yup .. The USD index has reached 98 now and suggesting to flip soon ..

Here is the clip:

The COT Index is the percentile of the difference between net speculative positioning and net commercial positioning measured over the last 52 weeks. A reading close to 0 suggests that a bottom is forming and a reading close to 100 suggests that a top is forming. The readings are for the actual currency, not the currency pair. For example, a reading of 100 on the Canadian Dollar suggests that the Canadian Dollar is close to a top (USDCAD close to a bottom).
  • #96,791
  • Jun 24, 2008 4:56pm Jun 24, 2008 4:56pm
Quoting Srikanth
hey infy,

take it easy man.. i was just joking
oh........ok...
Patience + Discipline - Greed = Success
  • #96,792
  • Jun 24, 2008 5:11pm Jun 24, 2008 5:11pm
my daily bar just closed....looks like it going to be another wild day...baby...me thinks...... it's all about fundies...
  • #96,793
  • Jun 24, 2008 5:11pm Jun 24, 2008 5:11pm
Quoting mktjong
Yup .. The USD index has reached 98 now and suggesting to flip soon ..

Here is the clip:

The COT Index is the percentile of the difference between net speculative positioning and net commercial positioning measured over the last 52 weeks. A reading close to 0 suggests that a bottom is forming and a reading close to 100 suggests that a top is forming. The readings are for the actual currency, not the currency pair. For example, a reading of 100 on the Canadian Dollar suggests that the Canadian Dollar is close to a top (USDCAD close to a bottom).
ok I hear you now, I dont mean this thing is going up long term but they are going to manipulate it (until election or as far as they can hide their shit) right now they want it to be strong for any reason, here is my take on the trade it is going up say for example gy to 215-16 and then down way down and this for any pairs correlated to USD. but this is purely IMO indicator. I was only talking Orion short term like prior to tomorrow. Does this make any sense
  • #96,794
  • Jun 24, 2008 5:11pm Jun 24, 2008 5:11pm
any suggestion for a newbee please I try to trade e/j and g/j with little success.
  • #96,795
  • Jun 24, 2008 5:16pm Jun 24, 2008 5:16pm
Quoting pip mom
any suggestion for a newbee please I try to trade e/j and g/j with little success.
My suggestion is: don't trade these pairs with live account. Trade E/U is easier ..
  • #96,796
  • Jun 24, 2008 5:22pm Jun 24, 2008 5:22pm
Quoting pip mom
any suggestion for a newbee please I try to trade e/j and g/j with little success.
study G/U and U/J when you have a good understanding of these 2 it will greatly help you with G/J.
G/U x U/J = G/J
I don't normally trade E/J so I'm not much help on that one.
  • #96,797
  • Jun 24, 2008 5:23pm Jun 24, 2008 5:23pm
thank you I have done e/u a few times
  • #96,798
  • Jun 24, 2008 5:31pm Jun 24, 2008 5:31pm
Quoting pip mom
thank you I have done e/u a few times
keep with E/U add G/U and U/J you'll have a good wining combo. and when you see that G/U and U/J are moving the same way that means G/J will be moving the same way only 3 times as many pips pretty much lol
  • #96,799
  • Jun 24, 2008 5:35pm Jun 24, 2008 5:35pm
Daily Chart (pretty much naked)
Little confusing right now. I see the upside but I also see a huge potential for a hard downside move.
From July 2007 it seems like we have been in this same pattern. Large drops followed by a wedge then a large drop.
Just looks like it is overdue to drop in relationship to the patterns.
But we also sort of broke out of this pattern when it broke to the upside around 209.50 area.
Pattern could be broken.....or
Could it be just one big wedge from 192.50-213.20 ?
If so, we are in for a nice fall.

4HR Chart
Plenty of room to the upside. But this last CLOSED 4hr bar is not very convincing. First one in a while that did not find more buyers and/or support.
Lately the drop has not been so convincing.

Summary
213.50 will need some power to be broken to the upside.
212.80 has held to the upside lately.
210.80-211.20 area has strong support and seems like a lot of buyers but with no conviction to carry it up further.

JMVHO

Good trading my fellow traders !!!
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  • #96,800
  • Jun 24, 2008 5:36pm Jun 24, 2008 5:36pm
thanks alot I will try that
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