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

  • #105,681
  • Aug 5, 2008 10:01pm Aug 5, 2008 10:01pm
Been reading this thread quietly last few days, finally can post msg after register... Dozo yoroshiku...
Lost...
  • #105,682
  • Aug 5, 2008 10:03pm Aug 5, 2008 10:03pm
Quoting worlhin
Been reading this thread quietly last few days, finally can post msg after register... Dozo yoroshiku...
Welcome to the thread.

Geppy has been very solid for the past few days and we're getting some action tonight or tomorrow.
  • #105,683
  • Aug 5, 2008 10:15pm Aug 5, 2008 10:15pm
Hope it will go up to test the next high... fundamentally GBP is better than JPY, lets break the roof... let use daily TL as step board...
Lost...
  • #105,684
  • Aug 5, 2008 10:17pm Aug 5, 2008 10:17pm
Quoting msniper
what u think about the bearish divergence on daily chart ?
Hi Sniper, I agree with you. There is a large trend reversal coming and I see a large drop . But it's not ready to drop down yet IMO. The pair needs a bigger rejection from the top. The monthly stochs are still going up very strong and more space to move up.
  • #105,685
  • Aug 5, 2008 10:22pm Aug 5, 2008 10:22pm
GJ Monthly
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  • #105,686
  • Aug 5, 2008 10:24pm Aug 5, 2008 10:24pm
Quoting worlhin
Hope it will go up to test the next high... fundamentally GBP is better than JPY, lets break the roof... let use daily TL as step board...
O RLY? and what exactly do you classify as the next high? 218? 220? 257?3000?

and how do you manage to judge that GBP is fundamentally better than JPY?
  • #105,687
  • Aug 5, 2008 10:29pm Aug 5, 2008 10:29pm
Quoting auslanco
GJ Monthly
Hey Auslanco,
Monthly yeah showing possible uptrend however the weeklies is having quite a few indicators turning south from overbought areas.

BTW, Where are you situated?
  • #105,688
  • Aug 5, 2008 10:38pm Aug 5, 2008 10:38pm
Quoting Eulogy
O RLY? and what exactly do you classify as the next high? 218? 220? 257?3000?

and how do you manage to judge that GBP is fundamentally better than JPY?
the pound is making a come back. it's already made comeback against nzd (3,000 pips), and now jpy(2,000 pips), and then aud (1,000 pips). wait long enough, you'll miss the boat. fundamentally? it's the english muffins.
  • #105,689
  • Aug 5, 2008 10:49pm Aug 5, 2008 10:49pm
Quoting Eulogy
Hey Auslanco,
Monthly yeah showing possible uptrend however the weeklies is having quite a few indicators turning south from overbought areas.

BTW, Where are you situated?
weekly has completed it's first stage of retracement when it touched the weekly 5sma Low @ 210.40 area. It's not uncommon for the pair to bounce from the 5sma (Low). On this pair the price can move 500 pips against the weekly Stochs and still the stochs will be pointing down.

As I said earlier, it's too early to say about the bull run. If the current weekly bar close above 212.60, then the price may move towards 216 next week.

However I agree that this will be last stages of the bull run, before a large reversal. It just needs a bigger rejection above the July highs.


P'S Im From Australia
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  • #105,690
  • Aug 5, 2008 10:53pm Aug 5, 2008 10:53pm
Quoting Clouds
the pound is making a come back. it's already made comeback against nzd (3,000 pips), and now jpy(2,000 pips), and then aud (1,000 pips). wait long enough, you'll miss the boat. fundamentally? it's the english muffins.
I'm not arguing against history Clouds, however I've been stating this for some time that most of the majors are no longer in a strength vs weakness battle but rather a fight between who is the bigger loser. And there is no point in saying that 1 currency is fundamentally better than another. How do you judge that? Economic strength? The US economy is 15 times the size of Australia's but that hasn't stopped the AUDUSD from appreciating from 48c to 98c in the last decade or so.

English muffins? nah, don't like them that much but then i could just as easily say that "hey sushi is nice, let go invest in jpy"

EDIT: As you can see i don't like generalised blanket presumptions of fact. Don't mind opinions especially if they are supported by relevant info but really dislike those comment that state things as if they're gospel and can't be denied.
  • #105,691
  • Aug 5, 2008 10:55pm Aug 5, 2008 10:55pm
Quoting auslanco
weekly has completed it's first stage of retracement when it touched the weekly 5sma Low @ 210.40 area. It's not uncommon for the pair to bounce from the 5sma (Low). On this pair the price can move 500 pips against the weekly Stochs and still the stochs will be pointing down.

As I said earlier, it's too early to say about the bull run. If the current weekly bar close above 212.60, then the price may move towards 216 next week.

However I agree that this will be last stages of the bull run, before a large reversal. It jts need a bigger rejection above the July highs.


P'S Im From Australia
Thanks for that info Auslanco, still learning,

and yes i knew you were an Aussie. Just wondering where. I'm in Sydney.
  • #105,692
  • Aug 5, 2008 10:58pm Aug 5, 2008 10:58pm
aus

awesome short on eurjpy . I hope you got it just above the 168.5 level

I was waiting for reversal confirmation today and got in at 167.5 for trip back to 169
Blogging daily now at www.volume.zone
  • #105,693
  • Aug 5, 2008 10:59pm Aug 5, 2008 10:59pm
Quoting auslanco
GJ Monthly
Hello Aus that stoch is it fast or slow and what are the settings please.
  • #105,694
  • Aug 5, 2008 11:01pm Aug 5, 2008 11:01pm
Quoting auslanco
Good morning Everyone

1hr 100sma reatracement is due.
This could go all the way upto break the Last Month High's. But it's too early to say.
Good morning
The Chonchy
  • #105,695
  • Aug 5, 2008 11:07pm Aug 5, 2008 11:07pm
Quoting Eulogy
I'm not arguing against history Clouds, however I've been stating this for some time that most of the majors are no longer in a strength vs weakness battle but rather a fight between who is the bigger loser. And there is no point in saying that 1 currency is fundamentally better than another. How do you judge that? Economic strength? The US economy is 15 times the size of Australia's but that hasn't stopped the AUDUSD from appreciating from 48c to 98c in the last decade or so.

English muffins? nah, don't like them that much but then i could just as easily say that "hey sushi is nice, let go invest in jpy"

EDIT: As you can see i don't like generalised blanket presumptions of fact. Don't mind opinions especially if they are supported by relevant info but really dislike those comment that state things as if they're gospel and can't be denied.
yeah, i understand, i have no answers about fundamentals though, but i think it has to do with how rare a currency is, supply/demand
  • #105,696
  • Aug 5, 2008 11:16pm Aug 5, 2008 11:16pm
Quoting malcolmb14
aus

awesome short on eurjpy . I hope you got it just above the 168.5 level

I was waiting for reversal confirmation today and got in at 167.5 for trip back to 169
Good trade Malcoimb .

Yes I went short around 168.45 on Monday and exit the trade @ 166.85. I didnt want to hold on to the trade down to 163.30 as I was initially planned after the daily Stochs was crossed up. I may re-enter short when the stochs cross back down.
  • #105,697
  • Aug 5, 2008 11:17pm Aug 5, 2008 11:17pm
Quoting Patrick.
Hello Aus that stoch is it fast or slow and what are the settings please.
fast 5'3'3
  • #105,698
  • Aug 5, 2008 11:29pm Aug 5, 2008 11:29pm
Based on Auslanco's rules if next 4hr closes above Gann we have a potential long QQE has already crossed up on 4hr & 1Hr. am I reading this right?
  • #105,699
  • Aug 5, 2008 11:46pm Aug 5, 2008 11:46pm
Quoting malcolmb14
aus

awesome short on eurjpy . I hope you got it just above the 168.5 level

I was waiting for reversal confirmation today and got in at 167.5 for trip back to 169
Not sure its gonna make it that high. I believe it will make it to ~168.40. I am thinking about putting a Sell Limit at 168.25.
Que
  • #105,700
  • Aug 5, 2008 11:46pm Aug 5, 2008 11:46pm
Quoting Patrick.
Based on Auslanco's rules if next 4hr closes above Gann we have a potential long QQE has already crossed up on 4hr & 1Hr. am I reading this right?
Yes if a 4hr bar close above the 4hr Gann, you can enter long closer to the 1hr 5sma targeting 200 pips.
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