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

  • #99,701
  • Jul 8, 2008 2:11pm Jul 8, 2008 2:11pm
Quoting hussin naiji
usdyen is ready for free fall
shouldn't we wait for 108.4?
  • #99,702
  • Jul 8, 2008 2:14pm Jul 8, 2008 2:14pm
Quoting Scrat
hussin, that candle looks indeed like a hanging man but it is not on top of a significant trend so i wouldn't pay too much attention to it.
remember, reversal patterns mean anything when they form after at least 3 candles on the same direction. when i see any pattern during a sideways movement, i ignore it.
just my opinion.
The next 6 weeks could prove something very exciting.... once the market have rebounded a little giving the indicators room to move to the down side we could see some major tankage in the US markets.

Trading is based on History and stats...... history says that there is a fair chance we could get a 2000 pip decline between now and August 20th in both eurjpy and gbpjpy. This is not based on any indicators only predicitve patterns
Blogging daily now at www.volume.zone
  • #99,703
  • Jul 8, 2008 2:14pm Jul 8, 2008 2:14pm
Quoting malcolmb14
bear flag on daily with price just above the 50 sma

If price breaks 50 sma on daily then a 1-2-3 sell comes into play with downside targets 1.5635

Attachment
agree with you %100
thanks for your coop
  • #99,704
  • Jul 8, 2008 2:17pm Jul 8, 2008 2:17pm
Quoting Pips_Cruiser
I'm not sure what is meant by "perfect health and reliability". Here are a couple other descriptions with reliability measured as "moderate" and "medium":

Bearish tri star:

http://www.fxwords.com/b/bearish-tri...ndlestick.html

http://trading-fx.si/fx/bearreversal.htm

I'm not saying UJ won't fall. Just trying to keep the discussion fair and balanced.

sorry my friend
my the English language is very bad
best regards
hussin
  • #99,705
  • Edited 2:29pm Jul 8, 2008 2:18pm | Edited 2:29pm
Quoting hussin naiji
when we see a sideways movement we must wait for birth a new trend
I agree with that . . . let's hope it's not a 9 month gestation period.

  • #99,706
  • Jul 8, 2008 2:27pm Jul 8, 2008 2:27pm
Quoting Algirdas
http://bp3.blogger.com/_nmIuQsC9b-Q/...r++GBP+JPY.png
nice chart
  • #99,707
  • Jul 8, 2008 2:30pm Jul 8, 2008 2:30pm
technically, the old trend can also continue. a consolidation (sideways movement) can bring a reversal OR a continuation.
anyway, this was just a general thing. g-j has a particular case because of the weekly configuration: sooner or later, it WILL drop. to what extent, i don't know. from where, i don't know exactly but i suspect it would do it from 214 or somewhere below 219.
all eyes on daily supporting trendline. that should be the beginning of the fall.
as for e-j, i don't know, i don't trade the pair.

Quoting hussin naiji
when we see a sideways movement we must wait for birth a new trend
Nihil Sine Deo.
  • #99,708
  • Jul 8, 2008 2:38pm Jul 8, 2008 2:38pm
Quoting malcolmb14
The next 6 weeks could prove something very exciting.... once the market have rebounded a little giving the indicators room to move to the down side we could see some major tankage in the US markets.

Trading is based on History and stats...... history says that there is a fair chance we could get a 2000 pip decline between now and August 20th in both eurjpy and gbpjpy. This is not based on any indicators only predicitve patterns
i can't agree with EJ. The dips before may not happen again. We'll have see, but I don't see it going below the SMA on monthly. maybe drop to 162, but not 152. just my opinion not predicting the future.
Attached Image
  • #99,709
  • Jul 8, 2008 2:40pm Jul 8, 2008 2:40pm
Quoting Scrat
technically, the old trend can also continue. a consolidation (sideways movement) can bring a reversal OR a continuation.
anyway, this was just a general thing. g-j has a particular case because of the weekly configuration: sooner or later, it WILL drop. to what extent, i don't know. from where, i don't know exactly but i suspect it would do it from 214 or somewhere below 219.
all eyes on daily supporting trendline. that should be the beginning of the fall.
as for e-j, i don't know, i don't trade the pair.
yes but scrat for info also if you see weekly candle chart GU
you must see a defective form bearish 3 Crows
similar the past weeks
im waiting for birth the third Crow
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  • #99,710
  • Jul 8, 2008 2:41pm Jul 8, 2008 2:41pm
Quoting Pips_Cruiser
I agree with that . . . let's hope it's not a 9 month gestation period.

  • #99,711
  • Jul 8, 2008 2:43pm Jul 8, 2008 2:43pm
Quoting malcolmb14
The next 6 weeks could prove something very exciting.... once the market have rebounded a little giving the indicators room to move to the down side we could see some major tankage in the US markets.

Trading is based on History and stats...... history says that there is a fair chance we could get a 2000 pip decline between now and August 20th in both eurjpy and gbpjpy. This is not based on any indicators only predicitve patterns
Been posting this weekly chart for a while....

Indicators starting to rollover.
Last time the momentum crossed down my 8SMA it dropped 2200 pips or so in two weeks.

Same pattern as last summer except bigger this time.
I expect minimum 2,000 pip drop between now and 08/15, if not more, possibly 3,000 pip drop.
As soon as we get through this central bank process, and we have one more left(BOE) and everyone realizes, oh shit, no interest rate increases and no cuts...the proverbial shit will hit the fan.

I wouldn't be surprised to see a rally to 214.70 area but I doubt it at this time. I think we have already seen the highs for a while.

JMVHO.

Hope we all swim in pips !
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  • #99,712
  • Jul 8, 2008 2:44pm Jul 8, 2008 2:44pm
Quoting Rustyyy
Been posting this weekly chart for a while....

Indicators starting to rollover.
Last time the momentum crossed down my 8SMA it dropped 2200 pips or so in two weeks.

Same pattern as last summer except bigger this time.
I expect minimum 2,000 pip drop between now and 08/15, if not more, possibly 3,000 pip drop.
As soon as we get through this central bank process, and we have one more left(BOE) and everyone realizes, oh shit, no interest rate increases and no cuts...the proverbial shit will hit the fan.

I wouldn't be surprised to see a rally to 214.70 area but I doubt it at this time. I think we have already seen the highs for a while.

JMVHO.

Hope we all swim in pips !
like that thinking!...oh i mean chart analysis!
Fear's for the other guy
  • #99,713
  • Jul 8, 2008 2:46pm Jul 8, 2008 2:46pm
Quoting Rustyyy
Been posting this weekly chart for a while....

Indicators starting to rollover.
Last time the momentum crossed down my 8SMA it dropped 2200 pips or so in two weeks.

Same pattern as last summer except bigger this time.
I expect minimum 2,000 pip drop between now and 08/15, if not more, possibly 3,000 pip drop.
As soon as we get through this central bank process, and we have one more left(BOE) and everyone realizes, oh shit, no interest rate increases and no cuts...the proverbial shit will hit the fan.

I wouldn't be surprised to see a rally to 214.70 area but I doubt it at this time. I think we have already seen the highs for a while.

JMVHO.

Hope we all swim in pips !
wonder if this gbp/yen drop will coincide with Dow tankage . mind u, today bulls have re-entered the frame (volume is quite pathetic though).
  • #99,714
  • Jul 8, 2008 2:50pm Jul 8, 2008 2:50pm
Quoting ukvipersden
wonder if this gbp/yen drop will coincide with Dow tankage . mind u, today bulls have re-entered the frame (volume is quite pathetic though).
it will.

we have a bullish engulfing for the dow, at the end of a trend.

In my thinking Mr. Trichets "I have no bias" was killing the euro for a few days, maybe weeks. USD bulls are in play. So: eur/usd down, eur/jpy down, usd/chf up, gbp/usd down.

Not to mention the hanging man an gbp/jpy.
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  • #99,715
  • Jul 8, 2008 2:51pm Jul 8, 2008 2:51pm
Quoting ukvipersden
wonder if this gbp/yen drop will coincide with Dow tankage . mind u, today bulls have re-entered the frame (volume is quite pathetic though).
I believe it will.
Today, market oversold, oil down, dead cat bounce, take your pick.

Got to have a breath or two before anymore downside.
  • #99,716
  • Jul 8, 2008 2:53pm Jul 8, 2008 2:53pm
maybe. maybe higher than 215... or maybe not at all.
at this point i think chances are for an upside breakout.
but, as i said, we WILL see a nice fat drop sooner or later. just don't lose your patience.

Quoting Rustyyy

I wouldn't be surprised to see a rally to 214.70 area but I doubt it at this time. I think we have already seen the highs for a while.

JMVHO.

Hope we all swim in pips !
Nihil Sine Deo.
  • #99,717
  • Jul 8, 2008 2:56pm Jul 8, 2008 2:56pm
Originally Posted by ukvipersden http://www.forexfactory.com/images/buttons/viewpost.gif
wonder if this gbp/yen drop will coincide with Dow tankage . mind u, today bulls have re-entered the frame (volume is quite pathetic though).

Quoting Rustyyy
I believe it will.
Today, market oversold, oil down, dead cat bounce, take your pick.

Got to have a breath or two before anymore downside.
me thinks u are correct; very nice chart also
  • #99,718
  • Jul 8, 2008 3:05pm Jul 8, 2008 3:05pm
Todays action far from pathetic, be looking for DJ around that tan decending angle above the red one

outside day after a indecsion bar= strong

pefect play for you malcolm, if u wanted to extend your margins to postiion play
Attached Image (click to enlarge)
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"Millionaires don't use astrology, billionaires do"
  • #99,719
  • Jul 8, 2008 3:09pm Jul 8, 2008 3:09pm
Quoting OrionsWay
Todays action far from pathetic, be looking for DJ around that tan decending angle above the red one

outside day after a indecsion bar= strong

pefect play for you malcolm, if u wanted to extend your margins to postiion play
Below 11,000 or above 11,400 ?
  • #99,720
  • Jul 8, 2008 3:10pm Jul 8, 2008 3:10pm
Quoting Rustyyy
Below 11,000 or above 11,400 ?


around 13065 area

it has completed 2 sq's of original swing down, notice on tailes around that blue horizontal line it must balance into the 16th at least
"Millionaires don't use astrology, billionaires do"
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