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

  • #141,001
  • Nov 23, 2008 7:42am Nov 23, 2008 7:42am
Quoting rgitt05
There is a lot of speculation in the weekend press that there might be government rescue package for embattled US banking giant Citigroup as early as this weekend....
never fear. help is on the way...
http://www.forexfactory.com/showpost...ostcount=46654
FUBAR...
  • #141,002
  • Nov 23, 2008 7:46am Nov 23, 2008 7:46am



Quoting ak4x
never fear. help is on the way...
http://www.forexfactory.com/showpost...ostcount=46654
[
  • #141,003
  • Nov 23, 2008 7:57am Nov 23, 2008 7:57am
Quoting fontu
I see lots of talks about the pair & no doubt there is an uptrend yet it may break at any point 143.23 ,143.91 (61.8%) or evem 100% retracements at 147.90 to follow the downtrend again . There are bearish diversion in tf 5,15,h1,d1 and fast stoches in 15,h4,d1 turned down ,slow stoches h1 above all face down and lower tf almost finish facing UP.

so the uptrend will not be so easy to follow & risky .Bulls never worry I am always afraid of longs. I will do shorts at those breaks only till finally break to follow D wave down( if can reach at the...

just be careful and follow the charts .

there is massive bullish div on 4 hr and up to daily and even weekly now on rsi.

I think there is a very strong chanced of a rally to 165. as all bear rallies are it will be very impulsive and very fast. if 145 breaks easily we will reach 154.
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  • #141,004
  • Nov 23, 2008 8:01am Nov 23, 2008 8:01am
Quoting england33
are you thinking a gap down or gap up?

gap down .... more likely to load up on more longs at better price
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  • #141,005
  • Nov 23, 2008 8:12am Nov 23, 2008 8:12am
My view is somewhere like Malcolm's. Price trading inside a descencing broadening wedge formation on the 4hr, that is a bullish pattern. The divergence GBP/JPY is cooking for us suggest a potential "must reach" target @ 165.049 - green dotted horizontal line on my chart. We also have a descending crimson colour LTL from the dayly that can be used for a TP and definetly an area to observe price action at.

Cheers,

P.
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  • #141,006
  • Nov 23, 2008 8:23am Nov 23, 2008 8:23am
Asia today

the 15 min is very overbought and due for some form of reatracement

plotting fib retracements the zone for retracement maybe 141.73 / 141.31

If the uptrend is to continue to 146 / 150 zone we should not see the lows of 139.97 taken out

Attached Image (click to enlarge)
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  • #141,007
  • Nov 23, 2008 8:32am Nov 23, 2008 8:32am
Quoting malcolmb14
just be careful and follow the charts .

there is massive bullish div on 4 hr and up to daily and even weekly now on rsi.

I think there is a very strong chanced of a rally to 165. as all bear rallies are it will be very impulsive and very fast. if 145 breaks easily we will reach 154.
Thanks for the information ,yes I noticed bullish divergence in only H4 using fx macd divergences.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #141,008
  • Nov 23, 2008 8:51am Nov 23, 2008 8:51am
We see a 200 pip move up on this hourly chart from the last candle before my broker closed. I would assume a gap up when trade re-opens.
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  • #141,009
  • Nov 23, 2008 8:57am Nov 23, 2008 8:57am
If we see a gap down on the open, i will be buying it. If we see a gap up i will stand aside and see what happens next.
  • #141,010
  • Nov 23, 2008 8:58am Nov 23, 2008 8:58am
I'm bored waiting
Trade what you see, not what you think.
  • #141,011
  • Nov 23, 2008 9:05am Nov 23, 2008 9:05am
Notice how this weekly chart is showing a possible reversal candle formation, not confirmed yet.
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  • #141,012
  • Nov 23, 2008 9:14am Nov 23, 2008 9:14am
Quoting ovaforty
If we see a gap down on the open, i will be buying it. If we see a gap up i will stand aside and see what happens next.
I agreed. I think we would see a small gap down, maybe to hourly 5 sma and then would be a good level to long .. let's see.
Based on week-end rate here http://www.forex-markets.com/quotes.htm, has a small gap down.
  • #141,013
  • Nov 23, 2008 9:18am Nov 23, 2008 9:18am
Quoting ovaforty
If we see a gap down on the open, i will be buying it. If we see a gap up i will stand aside and see what happens next.

How about gap up to lure in bulls and shake out bears ... then drop to 141.5 to get more bears in trap .. then buy off that level for ride to 146
Blogging daily now at www.volume.zone
  • #141,014
  • Nov 23, 2008 9:20am Nov 23, 2008 9:20am
Quoting malcolmb14
How about gap up to lure in bulls and shake out bears ... then drop to 141.5 to get more bears in trap .. then buy off that level for ride to 146
good plan
  • #141,015
  • Nov 23, 2008 9:23am Nov 23, 2008 9:23am
again, here's what i think about how we might gap, and what would happen if we do. i still believe it might gap up...


Quoting lilmoe
(also posted on my thread)


ok everyone, i have a theory i want to share.

i want u guys to look at the charts back on friday the 10th of october when we first hit 166.

look very closely to the pattern we had. the bias at that time was pretty bearish, and everyone was loading shorts. i was one of those stubborn fellas that believed in a bounced and that 166 was a bottom.

on that very same day, we had a rally that started in asian session and ended when the euro session was closed. NY dragged the price down for a 61.8 fib retracement of...
  • #141,016
  • Nov 23, 2008 9:23am Nov 23, 2008 9:23am
err ban please

professional services need no advertising on free forums where advertising is not allowed.

spend some $$$ on real marketing .... 30 k should do.
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  • #141,017
  • Nov 23, 2008 9:24am Nov 23, 2008 9:24am
GU had its low on Nov 13 ,went up and then last week pulled back to a higher low and is now + 140 off the Nov 13 low. The Euro's low was even earlier - Oct 27 - its now +90 from that low.

The Swissy - the inverse of GBP and EUR made its high so far around 8am EST on last Friday.

Thus we can see that the Dollar has yet to confirm that it is either ready to OR is actually reversing. As long as there is no confirmation that the dollar is retracing, we will not see any substantial rally as it is only Yen weakness that is allowing UJ to rally.

Like the Euro, UJ had its low 4 weeks ago and is now about 260 pips off that low, but last week it made a lower low on the 4 hourly chart, dropping under its 61.8% support that held its previous week's low as the Yen strengthened....

IMO we need to see UJ rallying and holding above 98 and GU above 1.5050 and then above 5250 before we can think of a more sustained rally.

Until then - for me its just consolidation.....and great for short TF range trading.....http://www.forexfactory.com/images/icons/icon10.gif
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #141,018
  • Nov 23, 2008 9:24am Nov 23, 2008 9:24am
Quoting malcolmb14
How about gap up to lure in bulls and shake out bears ... then drop to 141.5 to get more bears in trap .. then buy off that level for ride to 146
that's exactly how i think it will play out. same as we did back when we hit 166, the following week was pretty bullish.
  • #141,019
  • Nov 23, 2008 9:24am Nov 23, 2008 9:24am
Notice on this 5 min chart how the aqua colored 100 sma is bending slightly upwards. We have triple sma support here, with the red 200 sma and the green 22 sma, as well as a previous swing low at 141.29 area.
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  • #141,020
  • Nov 23, 2008 9:29am Nov 23, 2008 9:29am
Quoting lilmoe
again, here's what i think about how we might gap, and what would happen if we do. i still believe it might gap up...

I agree

gap up and then maybe pull back to 141.5 .... seems to be 38.2 of 1-2-3 buy formation and a good level for the pros to accumulate from

with Japan on holiday Monday and US on holiday Thurs / Fri this week is going to be really crazy in thin market conditions

If we have symmetry of moves retracement to 141.5 , then move to 144

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