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

  • #102,621
  • Jul 21, 2008 10:46pm Jul 21, 2008 10:46pm
Quoting hussin naiji
hi Q my dear bro
Heh bro, what's good with u?
Looks like GJ is bearish today. . .
Selling it is a good trade I think -
Only problem I see is for every seller someone keeps buying it up quickly. . .Hmmmmm!
  • #102,622
  • Jul 21, 2008 10:52pm Jul 21, 2008 10:52pm
Quoting quecee5
Heh bro, what's good with u?
Looks like GJ is bearish today. . .
Selling it is a good trade I think -
yes dear bro

as always im agree with u
beat regards
hussin
  • #102,623
  • Jul 21, 2008 10:53pm Jul 21, 2008 10:53pm
My trade is +ve but not much. I just hope london brings it to my TP.
Que
  • #102,624
  • Jul 21, 2008 10:58pm Jul 21, 2008 10:58pm
Quoting Que
My trade is +ve but not much. I just hope london brings it to my TP.
I'm wondering who keeps buying it on every sale. . .
The PA is strange today, not sure what's going on with this pair!
The charts are calling for a down move, I see at least 100-150 down
to 211.30/210.88. . . price is below 1hr gann hi/lo and 4hr is starting to turn over along with the daily. . . Price is also minimally below DP. . .

This is some weird price action over the last 4 hours -
  • #102,625
  • Jul 21, 2008 11:01pm Jul 21, 2008 11:01pm
Quoting quecee5
I'm wondering who keeps buying it on every sale. . .
The PA is strange today, not sure what's going on with this pair!
The charts are calling for a down move, I see at least 100-150 down
to 211.30/210.88. . . price is below 1hr gann hi/lo and 4hr is starting to turn over along with the daily. . . Price is also minimally below DP. . .

This is weird price action over the last 4 hours -
I believe it is due to Nikkei bullish for now.
They were closed yesterday and did not get to participate
in the "rally".

I don't think we will see the bear action until London.

But when we do I expect it to be powerful and retest last weeks lows by end of tomorrow US session.
  • #102,626
  • Jul 21, 2008 11:01pm Jul 21, 2008 11:01pm
Quoting hussin naiji
yes dear bro

as always im agree with u
beat regards
hussin
Im in short and hope this is bear day.
  • #102,627
  • Jul 21, 2008 11:03pm Jul 21, 2008 11:03pm
Quoting Rustyyy
I believe it is due to Nikkei bullish for now.
They were closed yesterday and did not get to participate
in the "rally".

I don't think we will see the bear action until London.

But when we do I expect it to be powerful and retest last weeks lows by end of tomorrow US session.
So you are thinking 208 area?
  • #102,628
  • Jul 21, 2008 11:04pm Jul 21, 2008 11:04pm
Quoting quecee5
I'm wondering who keeps buying it on every sale. . .
The PA is strange today, not sure what's going on with this pair!
The charts are calling for a down move, I see at least 100-150 down
to 211.30/210.88. . . price is below 1hr gann hi/lo and 4hr is starting to turn over along with the daily. . . Price is also minimally below DP. . .

This is some weird price action over the last 4 hours -
ASIA ??
(nikkei opened @ +170 and holding all the time)

we wait for Frank/Lond action
  • #102,629
  • Jul 21, 2008 11:07pm Jul 21, 2008 11:07pm
Quoting Piters
ASIA ??
(nikkei opened @ +170 and holding all the time)

we wait for Frank/Lond action
= So we wait. . .
I would think if it falls it will stop short of last weeks low. . .
But I guess we will have to wait to see how it plays out.
  • #102,630
  • Edited 11:11pm Jul 21, 2008 11:10pm | Edited 11:11pm
Quoting quecee5
So you are thinking 208 area?
Yes sir. All signs are pointing in that direction.

DOW futs are already 100pts down. Every time they try to go up they get slapped right back down.

Hurricane in Gulf, Oil will be up tomorrow.

No real success over the weekend with Iran no-nuc talks.

Rejection of 214.00 area since JAN2008.

Bad earnings reports after the bell today. Plus USA regional banks reporting before the bell tomorrow.

Looking at sell into Tuesday and tuesday nite.
Until Wed early morning 6a.m. or so, then a nice rally into Wed. then I have no idea....

Anyway that is my plan.....

EDIT: I am short G/Y, G/CHF, E/Y
  • #102,631
  • Jul 21, 2008 11:14pm Jul 21, 2008 11:14pm
If it doesn't go down like expected , and if we go back to tight range trading, here's preview of weeks ahead buy/sell lines, heh
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 13.png Size: 16 KB
  • #102,632
  • Jul 21, 2008 11:17pm Jul 21, 2008 11:17pm
Quoting Rustyyy
Yes sir. All signs are pointing in that direction.

DOW futs are already 100pts down. Every time they try to go up they get slapped right back down.

Hurricane in Gulf, Oil will be up tomorrow.

No real success over the weekend with Iran no-nuc talks.

Rejection of 214.00 area since JAN2008.

Bad earnings reports after the bell today. Plus USA regional banks reporting before the bell tomorrow.

Looking at sell into Tuesday and tuesday nite.
Until Wed early morning 6a.m. or so, then a nice rally into Wed. then I have no idea....

Anyway that is my plan.....

EDIT: I am short G/Y, G/CHF, E/Y
Good strategy my friend. . .
  • #102,633
  • Jul 21, 2008 11:22pm Jul 21, 2008 11:22pm
I would wait until price is under 1hr 50 ema, then I would make a move.
  • #102,634
  • Jul 21, 2008 11:28pm Jul 21, 2008 11:28pm
morning
  • #102,635
  • Edited 11:59pm Jul 21, 2008 11:29pm | Edited 11:59pm
Quoting quecee5
Good strategy my friend. . .
Also, if you compare the 2 correction waves: wave2 and wave4; they both are finishing with double top and with area around FE 78.6 (sorry I cannot post a chart, but you know what I am talking about, just draw a FE on wave 2 and wave 4)

Top on wave 2 => 240.60
Top on wave 4 => 213.80 tested 5 times since Jan 2008
  • #102,636
  • Jul 21, 2008 11:38pm Jul 21, 2008 11:38pm
Quoting Piters
Also, if you compare the 2 correction waves: wave2 and wave4; they both are finishing with double top and with area around FE 78.6 (sorry I cannot post a chart, but you know what I am talking about, just draw a FE on wave 2 and wave 4)

Top on wave 2 => 260.40
Top on wave 4 => 213.80 tested 5 times since Jan 2008
Yes, we are on the same page. . .
It's just the PA is strange today with all the bearish divergence all of the 1hr/4hr charts. Should have headed lower a bit by now, not sure why it's headed in the opposite direction with all the negatives against it. . . Strange!
  • #102,637
  • Jul 21, 2008 11:40pm Jul 21, 2008 11:40pm
Quoting Piters
Also, if you compare the 2 correction waves: wave2 and wave4; they both are finishing with double top and with area around FE 78.6 (sorry I cannot post a chart, but you know what I am talking about, just draw a FE on wave 2 and wave 4)

Top on wave 2 => 260.40
Top on wave 4 => 213.80 tested 5 times since Jan 2008
You mean 239.40?

don't think GJ ever reached 260.40
  • #102,638
  • Jul 21, 2008 11:46pm Jul 21, 2008 11:46pm
Quoting persian.forex
morning


salam, morning
  • #102,639
  • Jul 21, 2008 11:51pm Jul 21, 2008 11:51pm
Quoting Eulogy
You mean 239.40?

don't think GJ ever reached 260.40
sorry, yeah 240.50/60
btw, you are in Syd ?
  • #102,640
  • Jul 21, 2008 11:53pm Jul 21, 2008 11:53pm
Salaam
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