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

  • #98,261
  • Jul 1, 2008 11:08am Jul 1, 2008 11:08am
Quoting msniper
i went long at 210.80 targeting 211.80 to 212 and i will move stop lose to 1+ pip once we reach 211.11
why long?
  • #98,262
  • Jul 1, 2008 11:12am Jul 1, 2008 11:12am
Quoting vinesh2
Calm down buddy take a deep breadth. Yes agree its GBP JPY thread but other pairs have been discussed here previously since GJ has or had correlation with equity market that's I am making my "prediction" I can't post chart because of technical reasons but what I have noticed is when equity market opens up RED big time and then closes in GREEN that's a sign of bottoming and I don't think traders are going to let equity market go into bear territory which a close below 11,000 IMO.

We are in Bear teritory: (As I remember the magic number was 12000) have a look my chart I posted 20 April. We broke one of the strongest TL. Bottoming? Hmmm.. I''ll say FIRST we visit 9872, then we''ll see it..


http://www.forexfactory.com/showpost...8&postcount=24

http://www.doske.com/Charts/snapshot-68.png
  • #98,263
  • Jul 1, 2008 11:12am Jul 1, 2008 11:12am
euro bounced from it's uptrend TL and stopped me out, bummer...

GJ has failed to close above DP...hmmmm, if we close like this, THEN, it's a really good sign for shorts. the longly awaited bearish daily divergence confirmation MIGHT just be getting into play, i wonder.

i might just join the crapper party

confirmation, confirmation, confirmation.

daily gann/qqe would be good i guess.

mixed feelings.....sighs.
  • #98,264
  • Jul 1, 2008 11:17am Jul 1, 2008 11:17am
Can anybody explain me, HOW you guys are seeing GY back to 215, 216, 250 and why ??

Fundamentaly, or Technicaly ??
  • #98,265
  • Jul 1, 2008 11:19am Jul 1, 2008 11:19am
Quoting teodosy87
why long?
well i went long soo early but its alright i guess i should wait for 4 hours closing.

cause i think if EJ close above 166.90 in 4 hours it will take GJ and UJ up up

so thats why i went long.

but the main trend is down of course and my targets are not big i will short again after it goes up.
  • #98,266
  • Jul 1, 2008 11:19am Jul 1, 2008 11:19am
sorry hussin to steal your chart, but its so easy.

second sorry, for bring in another system, called elliot wave.

I have never done an elliot wave count before, so somebody
with more skills may verify ...see you all at hawaii...
Attached Image
  • #98,267
  • Jul 1, 2008 11:19am Jul 1, 2008 11:19am
213.70 can also be seen on the weekly chart. and not once...
this is why i think that IF broken, we won't see dips below 214 for a long time.
and i think price going above weekly 200ema would be the sign to start carry trade again.

Quoting karmostaji
I posted this on 26th June and someone also made fun that it will be broken easily, but if anyone goes back and looks at the daily chart, you'll understand what that level means.

Keep it simple
Nihil Sine Deo.
  • #98,268
  • Jul 1, 2008 11:22am Jul 1, 2008 11:22am
Quoting Scrat
this is my view on the current situation. the regular bearish divergences on histo macd, cci and even rsi are waiting to play out (or already started).
i am looking for a confirmation, which should be one (or both) of the following:
- breakout on rsi trendline + cci closed below 0 (this is confirmed already), OR
- breakout of the classical trendline (or a daily close below gann hilo): not yet.
under normal circumstances, i would have taken the short by now, but this is a little bit tricky and until i see a daily close below gann hilo / classical trendline i won't jump big time into it.
however, my bias is bearish at the moment.
Thanks for your input Scrat.
  • #98,269
  • Jul 1, 2008 11:22am Jul 1, 2008 11:22am
4 swings so far today, looooooooool......

what...... the..... f@$%.....
  • #98,270
  • Jul 1, 2008 11:24am Jul 1, 2008 11:24am
Quoting Piters
We are in Bear teritory: (As I remember the magic number was 12000) have a look my chart I posted 20 April. We broke one of the strongest TL. Bottoming? Hmmm.. I''ll say FIRST we visit 9872, then we''ll see it..


http://www.forexfactory.com/showpost...8&postcount=24

http://www.doske.com/Charts/snapshot-68.png
Love that chart I had 10,400 in mind, but 9872 would be awesome
  • #98,271
  • Jul 1, 2008 11:25am Jul 1, 2008 11:25am
Attached Image (click to enlarge)
Click to Enlarge Name: gj9.png Size: 14 KB
  • #98,272
  • Jul 1, 2008 11:26am Jul 1, 2008 11:26am
Quoting peaches
sorry hussin to steal your chart, but its so easy.

second sorry, for bring in another system, called elliot wave.

I have never done an elliot wave count before, so somebody
with more skills may verify ...see you all at hawaii...
bro, the 5th wave down has been discussed here many times.
we don't have a confirmation yet that the 4th wave has ended.
very frustrating. BTW, thanks for your indicators yesterday. I'm having mucho fun with em.
  • #98,273
  • Jul 1, 2008 11:26am Jul 1, 2008 11:26am
Quoting peaches
sorry hussin to steal your chart, but its so easy.

second sorry, for bring in another system, called elliot wave.

I have never done an elliot wave count before, so somebody
with more skills may verify ...see you all at hawaii...
if this is start 5wave ,therefore we must see GJ below 192.xx
hi hawaii
  • #98,274
  • Jul 1, 2008 11:27am Jul 1, 2008 11:27am
going short.
  • #98,275
  • Jul 1, 2008 11:28am Jul 1, 2008 11:28am
Quoting Scrat
213.70 can also be seen on the weekly chart. and not once...
this is why i think that IF broken, we won't see dips below 214 for a long time.
and i think price going above weekly 200ema would be the sign to start carry trade again.
we really are at decision point now. it's hard to tell what's next.


ps: euro is flying.
  • #98,276
  • Jul 1, 2008 11:29am Jul 1, 2008 11:29am
Quoting lilmoe
we really are at decision point now. it's hard to tell what's next.


ps: euro is flying.
attention to 1.5818
  • #98,277
  • Jul 1, 2008 11:31am Jul 1, 2008 11:31am
Quoting pkimnyc
bro, the 5th wave down has been discussed here many times.
we don't have a confirmation yet that the 4th wave has ended.
very frustrating. BTW, thanks for your indicators yesterday. I'm having mucho fun with em.
a look for tnx, vix, dji and gold daily match my view. most importend time is matching (see back last summer). So i have a lot of hope, for 5.th leg.
But iŽll reverse, if patterns show me.

Have fun
  • #98,278
  • Jul 1, 2008 11:33am Jul 1, 2008 11:33am
Quoting msniper
well i went long soo early but its alright i guess i should wait for 4 hours closing.

cause i think if EJ close above 166.90 in 4 hours it will take GJ and UJ up up

so thats why i went long.

but the main trend is down of course and my targets are not big i will short again after it goes up.
I dont mean to nag but in my opinion this is flawed reasoning given that G/U and E/U are not currently correlated on higher time frames; if G/U tanks, which it is primed to do G/J and E/J will act completely differently. G/J and E/J are exact products of their parts (ie G/U * U/J) and as such can and will be different.

Why look at E/J and be potentially mislead by its individuality (ie the effect of E/U) when you can get a much better picture looking at G/U and U/J directly??? All you are getting of value from E/J is a filtered vision of U/J (i say filtered because it has the individual effect of E/U distorting yen strength in there) and yens general strength and weakness, so why not just look DIRECTLY at U/J to see how the U/J pairs will likely act? Isnt this a much clearer picture of the state of affairs??

You should also have a look at the dollar, pound and yen indices if you just want to ascertain strength of a currency against numerous countercurrencies.
Lemming Forex! The Way to Trade....
  • #98,279
  • Jul 1, 2008 11:34am Jul 1, 2008 11:34am
Quoting hussin naiji
if this is start 5wave ,therefore we must see GJ below 192.xx
hi hawaii
With DOW falling in average every day 1.5 - 2%, and well bellow 12000, and the first warning signs (fundie and TA) for starting of W5 (not confirmation YET), YES my FRIEND, expecting GY @ 187 (176/175) at least..

You can start Packing.. You don''t have to wait for ending of W5. You can trade from Hawai
  • #98,280
  • Jul 1, 2008 11:35am Jul 1, 2008 11:35am
Lower highs on 4 hr chart for GJ could be sign of more to come
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