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

  • #108,681
  • Aug 26, 2008 6:31am Aug 26, 2008 6:31am
Quoting uncletrumpet
What is that 61.8 level, i think its 201.60
201.37
Trade what you see, not what you think.
  • #108,682
  • Aug 26, 2008 6:37am Aug 26, 2008 6:37am
Quoting marcb
Lilmoe,
why do you think USDJPY is not tanking yet?
it should start this week.... next week max..

it's difficult to be precise.
  • #108,683
  • Aug 26, 2008 6:43am Aug 26, 2008 6:43am
This looks like a bullish pattern to me, but will wait until the breakout
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB
Trade what you see, not what you think.
  • #108,684
  • Aug 26, 2008 6:52am Aug 26, 2008 6:52am
well i don't know about how much bulls would want to play in the near future. while i agree that a retracement should come soon, i think it won't go above 5sma weekly for now (which is around 206 area)... maybe 5sma monthly (208.50 area). it may go as high as 210.55 and still have a bearish bias.
but i know this: the higher this retrace goes up, the more deeper and faster will sink later.

Quoting karmostaji
I agree, can't wait for the bulls to come out and play
Nihil Sine Deo.
  • #108,685
  • Aug 26, 2008 6:53am Aug 26, 2008 6:53am
i am watching the exact same trend lines .
what if it breaks to the downside ?

Quoting karmostaji
This looks like a bullish pattern to me, but will wait until the breakout
Nihil Sine Deo.
  • #108,686
  • Aug 26, 2008 6:54am Aug 26, 2008 6:54am
Quoting Scrat
i am watching the exact same trend lines .
what if it breaks to the downside ?
I'll add an extra hole in my screen i guess lol
Trade what you see, not what you think.
  • #108,687
  • Aug 26, 2008 7:13am Aug 26, 2008 7:13am
GJ H4 break lower trend line
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj14.gif Size: 19 KB
Click to Enlarge Name: gj15.gif Size: 28 KB
  • #108,688
  • Aug 26, 2008 7:15am Aug 26, 2008 7:15am
Quoting Scrat
i am watching the exact same trend lines .
what if it breaks to the downside ?
that's the same thing i was talking about yesterday. manipulation fella's, manipulation!!

euro and cable had dozens of these before CONTINUING downwards!
  • #108,689
  • Aug 26, 2008 7:28am Aug 26, 2008 7:28am
Quoting lilmoe
that's the same thing i was talking about yesterday. manipulation fella's, manipulation!!

euro and cable had dozens of these before CONTINUING downwards!

guys, prepare for today's round 2


feel the power of my crapper
  • #108,690
  • Aug 26, 2008 7:33am Aug 26, 2008 7:33am
Quoting Scrat
well i don't know about how much bulls would want to play in the near future. while i agree that a retracement should come soon, i think it won't go above 5sma weekly for now (which is around 206 area)... maybe 5sma monthly (208.50 area). it may go as high as 210.55 and still have a bearish bias.
but i know this: the higher this retrace goes up, the more deeper and faster will sink later.
I am long now. The US treasuries is in improving mode. Hopefully, it would get to weekly 5 sma as you said
  • #108,691
  • Aug 26, 2008 7:43am Aug 26, 2008 7:43am
UK's Telegraph opines that [CHINA] has taken a more stealthy approach towards intervention and has indeed actually stepped up its operations in its currency mkts. Rather than direct dealing the press speculates that China is using its own commercial banks as a means to influence the level of the Cny. This with these banks now themselves accumulating large Usd reserves following several sharp rises to the PBOC's reserve requirement which has leapt to 17%. PBOC has also slashed the amount of foreign debt banks operating in China can hold. Said in effect to oblige these banks to become net Usd buyers. Private analysts suggest that China may have intervened to the tune of $50bln in June alone. Total reserves stand near $1.8tln, and the covert demand for Usds is now getting fingered as a factor in the Usd's surprisingly strong run of late.
Patience + Humility + Study = Success
  • #108,692
  • Aug 26, 2008 7:50am Aug 26, 2008 7:50am
Quoting DutchTrader
UK's Telegraph opines that [CHINA] has taken a more stealthy approach towards intervention and has indeed actually stepped up its operations in its currency mkts. Rather than direct dealing the press speculates that China is using its own commercial banks as a means to influence the level of the Cny. This with these banks now themselves accumulating large Usd reserves following several sharp rises to the PBOC's reserve requirement which has leapt to 17%. PBOC has also slashed the amount of foreign debt banks operating in China can hold. Said in effect to oblige these banks to become net Usd buyers. Private analysts suggest that China may have intervened to the tune of $50bln in June alone. Total reserves stand near $1.8tln, and the covert demand for Usds is now getting fingered as a factor in the Usd's surprisingly strong run of late.
So, what does it mean? USD positive as well as all Yen cross pairs?
  • #108,693
  • Aug 26, 2008 8:28am Aug 26, 2008 8:28am
eu is going up while gj dont need to go up i dont know why it is still heading down while gu is going up too
i think uj ll go down strongly so i ll short that pair
  • #108,694
  • Aug 26, 2008 8:30am Aug 26, 2008 8:30am
Quoting mktjong
I am long now. The US treasuries is in improving mode. Hopefully, it would get to weekly 5 sma as you said
mate - i wish you luck - looking at the momentum & COT .. i wouldnt bet that even 200 will be difficult to break.
  • #108,695
  • Aug 26, 2008 8:33am Aug 26, 2008 8:33am
UJ going down hard.
Patience + Humility + Study = Success
  • #108,696
  • Aug 26, 2008 8:41am Aug 26, 2008 8:41am
Quoting lilmoe
guys, prepare for today's round 2


feel the power of my crapper

  • #108,697
  • Aug 26, 2008 8:43am Aug 26, 2008 8:43am
see attached.

i always have this combination open on one of my screens - specially when the market is at technical extremes.

Its the USD/CHF, USD/JPY and Gold - 4 hr charts.

They are an excellent signal of Risk Aversion. I have personally made a lot of pips and actually wait for such a setup to materialise - they only last about a day or so. Confirmation is if second 4H candle closes below.

I generally go go on a buying spree for CHF and JPY if a risk aversion signal is confirmed.
Attached Image (click to enlarge)
Click to Enlarge Name: risk.jpg Size: 74 KB
  • #108,698
  • Aug 26, 2008 8:46am Aug 26, 2008 8:46am
number 200 is for GJ a pyschological level and with break this level we can easily see a retest 192
  • #108,699
  • Aug 26, 2008 8:49am Aug 26, 2008 8:49am
Quoting lilmoe

bouncing from my "minor support" at 200.50


big fella's are playing games with us.... hit and run is the way right now.
  • #108,700
  • Aug 26, 2008 8:54am Aug 26, 2008 8:54am
Quoting lilmoe
im waiting for you in Hawaii (maui)
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