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

  • #128,041
  • Oct 29, 2008 5:14am Oct 29, 2008 5:14am
Let see if these pairs are bought for the daily fixing, this will give more confirmation where they r headed. . .
  • #128,042
  • Oct 29, 2008 5:15am Oct 29, 2008 5:15am
Quoting maryinvest
What does div stand for?
divergence
Money & Pain Respect the market, protect your capital, be patient
  • #128,043
  • Oct 29, 2008 5:16am Oct 29, 2008 5:16am
Fix - One of the approximately 5 times during the FX day when a large amount of currency must be bought or sold to fill a commercial customers' orders. Typically these times are associated with market volatility. The regular fixes are (all times NY)

  1. 5:00 AM - Frankfurt
  2. 6:00 AM - London
  3. 10:00 AM - WMHCO (World Market House Company)
  4. 11:00 AM - WMHCO (World Market House Company)- more important
  5. 8:20 AM - IMM
  6. 8:15 AM - ECB

  • #128,044
  • Oct 29, 2008 5:18am Oct 29, 2008 5:18am
Quoting quecee5
Fix - One of the approximately 5 times during the FX day when a large amount of currency must be bought or sold to fill a commercial customers' orders. Typically these times are associated with market volatility. The regular fixes are (all times NY)

  1. 5:00 AM - Frankfurt
  2. 6:00 AM - London
  3. 10:00 AM - WMHCO (World Market House Company)
  4. 11:00 AM - WMHCO (World Market House Company)- more important
  5. 8:20 AM - IMM
  6. 8:15 AM - ECB

Invaluable info dude thanks
Money & Pain Respect the market, protect your capital, be patient
  • #128,045
  • Oct 29, 2008 5:20am Oct 29, 2008 5:20am
Quoting toyboy tramp
Invaluable info dude thanks
  • #128,046
  • Oct 29, 2008 5:24am Oct 29, 2008 5:24am
UJ has been rejected at 98 it needs to extend further in order for GJ to continue to the upside. . . GU needs to also extend further or else GJ will be trapped in a range. . . Both have to be bought to see upside momentum continue. . .

UJ x GU = GJ

KISS (keep it simple stupid). . .
  • #128,047
  • Oct 29, 2008 5:30am Oct 29, 2008 5:30am
she just needs a little bit of a push.....
  • #128,048
  • Oct 29, 2008 5:33am Oct 29, 2008 5:33am
Also, notice that on 4 hr chart the MACD is OB while price continue to ride. I would expect after this bull run price will continue lower and make yet another new low. . . My target is set at 134/131 area. . .

And don't for get next week this week is also the end of the month so we could see a massive sell off toward the end of the week.
  • #128,049
  • Oct 29, 2008 5:34am Oct 29, 2008 5:34am
Quoting quecee5
UJ has been rejected at 98 it needs to extend further in order for GJ to continue to the upside. . . GU needs to also extend further or else GJ will be trapped in a range. . . Both have to be bought to see upside momentum continue. . .

UJ x GU = GJ

KISS (keep it simple stupid). . .
This leads me to a question I placed in the newbie forum before but got no answer: in what proportion is GY driven by UJ x GU vs. GY being traded itself?
Consistency and patience is everything
  • #128,050
  • Oct 29, 2008 5:34am Oct 29, 2008 5:34am
Quoting cancunkev
she just needs a little bit of a push.....
UJ needs to break 97.50 resistance then 98 or else look out below. . .
  • #128,051
  • Oct 29, 2008 5:39am Oct 29, 2008 5:39am
Quoting Geldmeister
This leads me to a question I placed in the newbie forum before but got no answer: in what proportion is GY driven by UJ x GU vs. GY being traded itself?
very good question that I don't know the answer to. . . It really depends on what is being sold or bought regarding yen, USD or GBP. Right now it appears as if GBP is being bought and USD is being sold. Does not look like yen is depreciating at the moment.

Look at the price action regarding GJ right now. UJ is headed south but GU is headed north which is the driver of GJ's price being held up right now. . . If GU starts to head south and UJ continues it's journey south GJ will go along for the ride. . . However, yen could be appreciating at the moment which could be causing the crosses to head lower at the moment. . . Who knows?????
  • #128,052
  • Oct 29, 2008 5:44am Oct 29, 2008 5:44am
GJ also just got rejected (again) off the upper tl on the 15min bull flag....
  • #128,053
  • Oct 29, 2008 5:49am Oct 29, 2008 5:49am
We may see a breakout here if UJ and GU can give us a little push...the bulls are trying...
  • #128,054
  • Oct 29, 2008 5:49am Oct 29, 2008 5:49am
Now I'm not saying that the bull run is not still in play. I'm merely saying that it might be limited in nature based on the 1hr/4hr MACD heading lower while price continues to push upwards. . . Eventually these two will play out before we can head higher. . . Or price will head higher to work out the upward momentum on the daily chart then continue south. . .

Just some things to note while in your positions. ..
Currently I'm long down at 154.74 area hoping for a run to the top as well. . .
  • #128,055
  • Oct 29, 2008 5:53am Oct 29, 2008 5:53am
watch out
Attached Image
I recommend you read something else as this sentence is now concluded.
  • #128,056
  • Oct 29, 2008 6:00am Oct 29, 2008 6:00am
Quoting Obaidah
watch out
Upper Low and Higher Low Triangle, a big trend will form right now
  • #128,057
  • Oct 29, 2008 6:00am Oct 29, 2008 6:00am
Here is a chart of what I'm watching. . .
Attached Image (click to enlarge)
Click to Enlarge Name: combo.gif Size: 65 KB
  • #128,058
  • Oct 29, 2008 6:03am Oct 29, 2008 6:03am
failed again
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 32 KB
Money & Pain Respect the market, protect your capital, be patient
  • #128,059
  • Oct 29, 2008 6:03am Oct 29, 2008 6:03am
Quoting maryinvest
Upper Low and Higher Low Triangle, a big trend will form right now
yes but somehow im worried about the Div quecee5 mentioned mins ago, im not sure where we're going but if we go to the upside the move will be limited,
I recommend you read something else as this sentence is now concluded.
  • #128,060
  • Oct 29, 2008 6:06am Oct 29, 2008 6:06am
hidden bullish div on 5min tf has played out
Money & Pain Respect the market, protect your capital, be patient
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