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

  • #99,381
  • Jul 7, 2008 9:27am Jul 7, 2008 9:27am
no just considering that purple channel...and bearish flag...400 pips or so..prob 208...not massive..but would be nice
Fear's for the other guy
  • #99,382
  • Jul 7, 2008 9:28am Jul 7, 2008 9:28am
yes. i could and i am. right now, 214 is resistance. and if broken, it WILL turn into support. are you following me so far? if not, you need to wake up ... i said... 214 WILL turn into. WILL.
you're right, it is irritating to read this kind of wrong things...

Quoting mktjong
Scrat, could u please use a correct phrase "Resistance"? If it is below the current price is called "Support", otherwise "Resistance". It's kinda irritating to read this kind of wrong word some traders use ..thanks
By the way, my prediction on Geppy, it's gonna down soon ..200-300 pips maybe due to its over-bought level .. remember I use "imo" indicator..
Nihil Sine Deo.
  • #99,383
  • Jul 7, 2008 9:30am Jul 7, 2008 9:30am
Quoting Scrat
yes. i could and i am. right now, 214 is resistance. and if broken, it WILL turn into support. are you following me so far? if not, you need to wake up ... i said... 214 WILL turn into. WILL.

grumpy?
  • #99,384
  • Jul 7, 2008 9:31am Jul 7, 2008 9:31am
I wouldn't get to excited about Oil being down.
Hurricane brewing and strengthing.
Oil is being bought on dips.
No downside yet....
This dollar strength today is completely false.
Just a typical Monday USA session.
FUBAR
  • #99,385
  • Jul 7, 2008 9:33am Jul 7, 2008 9:33am
Quoting quecee5
I will sell GU again on a failure to break 55 EMA (orange bar) @ 1.9740/44 area but all indication from the daily chart says it has lots of room to move down.

Take a look at the last bar on the ZL Stoch, looks weak so I'm thinking the move down as indicated by these indicators (ZL Stoch and ZL MACD) will play out soon. . .
agree with u %100
  • #99,386
  • Jul 7, 2008 9:33am Jul 7, 2008 9:33am
yeah... i'll tell you later. right now i gotta catch the train to go to work ... i hate mondays.

Quoting lilmoe
grumpy?
Nihil Sine Deo.
  • #99,387
  • Jul 7, 2008 9:35am Jul 7, 2008 9:35am
Quoting mrhurley1
possible large down move
Good chart. . .

Here is my thoughts a break and close above 212.05 will challenge 212.50 1st target then 213.50 area. . .

Only a break and close below 210.55 area would be a bear move to me with target set at 209.30, 208.50, then 206 area and below. . .
  • #99,388
  • Jul 7, 2008 9:35am Jul 7, 2008 9:35am
Quoting hussin naiji
agree with u %100
for this week , we will see bad news for cable
  • #99,389
  • Jul 7, 2008 9:36am Jul 7, 2008 9:36am
Quoting hussin naiji
agree with u %100
  • #99,390
  • Jul 7, 2008 9:40am Jul 7, 2008 9:40am
Quoting hussin naiji
for this week , we will see bad news for cable
Yep, we may see a few spikes up on GU as indicated by the LTF charts but eventually the down move will play out. . .

1hr and 4hr chart 4 u. . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr chart - gu.gif Size: 13 KB
Click to Enlarge Name: 4hr chart - gu.gif Size: 13 KB
  • #99,391
  • Jul 7, 2008 9:41am Jul 7, 2008 9:41am
Quoting quecee5
Good chart. . .

Here is my thoughts a break and close above 212.05 will challenge 212.50 1st target then 213.50 area. . .

Only a break and close below 210.55 area would be a bear move to me with target set at 209.30, 208.50, then 206 area and below. . .

yea im just waiting at the moment for clear direction
Fear's for the other guy
  • #99,392
  • Jul 7, 2008 9:46am Jul 7, 2008 9:46am
Quoting mrhurley1
yea im just waiting at the moment for clear direction
Here is something to consider. . .
Check out the channel since 199.XX area. .. Nice steady uptrend for the moment. . . JMO of course. . .

Looks like nice buying opportunities on dips to me until the channel is broken. . .
Attached Image (click to enlarge)
Click to Enlarge Name: daily chart - gj.gif Size: 14 KB
  • #99,393
  • Jul 7, 2008 9:49am Jul 7, 2008 9:49am
Oil @ 141.5, monday dip buying, will we see $150 this week?
Gold @ 920, down off last weeks highs, retrace before continued bull run?
Usd index @ 73.1 halfway up channel, expect bounce off top of channel

G/J ranging between 210.4 & 212.3, buy/sell stop either side of range, price action will lead the way.
G/U is testing top downtrend channel from break up last week, sitting on 50% fib of move up @ 1.968.
U/J back up against daily 200 SMA, which has contained move up, upside limited.

Good trading all
Money & Pain Respect the market, protect your capital, be patient
  • #99,394
  • Jul 7, 2008 9:52am Jul 7, 2008 9:52am
Quoting mrhurley1
possible large down move
i think it might be worth a sell at 214 if it tests around there again.

I wouldn't go for a big stop because if it goes through then it will probably keep going for quite a way up.

I don't think anyone could really know until it happens, currently i have no trade and am waiting for 1h close above 212.20 to start considering long and 4h close below 211.20 to consider short using the 4h / 1h qqe strategy

I can see your logic though and in combination with the continuing bad fundamental signs in the UK maybe it could be a good risk / reward trade, thanks for pointing it out.

John
  • #99,395
  • Jul 7, 2008 9:56am Jul 7, 2008 9:56am
Quoting quecee5
Good chart. . .

Here is my thoughts a break and close above 212.05 will challenge 212.50 1st target then 213.50 area. . .

Only a break and close below 210.55 area would be a bear move to me with target set at 209.30, 208.50, then 206 area and below. . .

on the daily level i would say. but right now a daily close below 211 would put shorts on the cards me thinks. this is a very tight range, and those higher lows are looking good so far.
  • #99,396
  • Jul 7, 2008 9:57am Jul 7, 2008 9:57am
Quoting quecee5
I will sell GU again on a failure to break 55 EMA (orange bar) @ 1.9740/44 area but all indication from the daily chart says it has lots of room to move down.

Take a look at the last bar on the ZL Stoch, looks weak so I'm thinking the move down as indicated by these indicators (ZL Stoch and ZL MACD) will play out soon. . .
Sounds good to me....I am watching this area as well as it also coincides with the 4h 5sma...
Patience + Discipline - Greed = Success
  • #99,397
  • Jul 7, 2008 9:59am Jul 7, 2008 9:59am
I'm still Mr. Bear for now..
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
Trade what you see, not what you think.
  • #99,398
  • Jul 7, 2008 9:59am Jul 7, 2008 9:59am
Quoting lilmoe
on the daily level i would say. but right now a daily close below 211 would put shorts on the cards me thinks. this is a very tight range, and those higher lows are looking good so far.
  • #99,399
  • Jul 7, 2008 10:11am Jul 7, 2008 10:11am
Quoting karmostaji
I'm still Mr. Bear for now..

9000 pips below?
greed+gluttony+self-indulgence+craving= success
  • #99,400
  • Jul 7, 2008 10:12am Jul 7, 2008 10:12am
Quoting quecee5
UJ still had 1 more bull run to 108.5-109 i think after a small retracement, i think that's it for this pair today. we might see the move tomorrow. i'm looking for 107.2 - 107 area to go long again. this should help my GJ longs. GJ on the other hand might retest the same TL karmo posted earlier, i'll add more longs there around 211.5x.
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