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

  • #149,461
  • Dec 15, 2008 12:19pm Dec 15, 2008 12:19pm
Quoting lilmoe
m15 50ema should hold for a while though...
Maybe for a while .. but expecting it to dip down further .. it is because US & Europe treasuries closed very weak today .. ..
  • #149,462
  • Dec 15, 2008 12:21pm Dec 15, 2008 12:21pm
Quoting mktjong
Maybe for a while .. but expecting it to dip down further .. it is because US & Europe treasuries closed very weak today .. ..
Correlation to YM ended roughly 2 weeks ago...
  • #149,463
  • Dec 15, 2008 12:24pm Dec 15, 2008 12:24pm
Quoting bigcoupe
Agreed. If I had to pick a bottom, it would be in the high 136's IMHO.

B
Same analysis as you, 136.60 as my bottom mark. Correlation to YM ending 2 weeks ago is a big hint of the end of this deleveraging phase IMO aka bottom for carry's. I'm long 200k @ 138 and looking for a rally to 140 for Asia tonight before any sort of retracements
  • #149,464
  • Dec 15, 2008 12:31pm Dec 15, 2008 12:31pm
Quoting karmostaji
Buy dips or Sell rallies?

I'm holding out for a little while before i decide that... the price has broken all my shorter term UTLs

The next UTL i have for G/J is ALLLLL the way up at 169.74...

If it makes a higher low and then makes a new high on this H4 or daily then i'm buying dips...

What is your strategy in determining this possible change in direction Karmo?

Pred
  • #149,465
  • Dec 15, 2008 12:41pm Dec 15, 2008 12:41pm
Quoting Kyen
Same analysis as you, 136.60 as my bottom mark. Correlation to YM ending 2 weeks ago is a big hint of the end of this deleveraging phase IMO aka bottom for carry's. I'm long 200k @ 138 and looking for a rally to 140 for Asia tonight before any sort of retracements
Last hour rally... looks like 140 might hit before Asia even begins!
  • #149,466
  • Dec 15, 2008 12:45pm Dec 15, 2008 12:45pm
going short 139 looking for 137 during asia session - i dont think we may see 140 until tomorrow

But then again - that's just my opinion.
  • #149,467
  • Dec 15, 2008 12:49pm Dec 15, 2008 12:49pm
Quoting karmostaji
Buy dips or Sell rallies?
until usd/jpy going weak and gbp/usd going strong, she will be range.

for now situation little changed,becoz worries about crisis calmed down and market's focus is on the economic data and difference between interst rates(high yeild curency vs. low yeild currency) instead of focus on crisis.....
it is all about recent monetary and fiscal plans of industrials goverments that returned confidence to markets.


so for now yen crosses are not good choice for trade....in my opinion Euro/Usd,GBP/USD,AUD/USD and NZD/USD are better curencies for trade....among those i think EURO/USD is the best.....it has potential to go high as 1.40.




regrads
  • #149,468
  • Dec 15, 2008 12:52pm Dec 15, 2008 12:52pm
Who the heck buying this cross pair?

..
  • #149,469
  • Dec 15, 2008 12:58pm Dec 15, 2008 12:58pm
Buy dip it is

We could head much much higher
Trade what you see, not what you think.
  • #149,470
  • Dec 15, 2008 1:02pm Dec 15, 2008 1:02pm
Quoting karmostaji
Buy dip it is

We could head much much higher
What do you see to determine this?

Pred
  • #149,471
  • Dec 15, 2008 1:03pm Dec 15, 2008 1:03pm
If it going to rally again, it should have retrace first. Cant deny that the major trend is still belong to the bear. The economic crisis is in 2 years recovery. I still do sell high in Gy.

But I can suggest to take a short profit after sell. Currently, all brokers still charge swap very high on selling overnight but cheaper than buying overnight. It must have a reason to this.
  • #149,472
  • Dec 15, 2008 1:04pm Dec 15, 2008 1:04pm
Quoting Predator38
What do you see to determine this?

Pred
Price is above 4h gann
Price is most likely going to close above daily gann and the daily TL
15m QQE retraced to 50 level but price was still above 15m 50ema, indication of bullish continuation.
Bull flag broken to the upside.

Like lilmoe said before, daily 50ema is the target.
Trade what you see, not what you think.
  • #149,473
  • Dec 15, 2008 1:16pm Dec 15, 2008 1:16pm
Quote
Like lilmoe said before, daily 50ema is the target.

149.00 is where i see the daily 50ema or there abouts, seems a big jump for no particular reason. But anything is possible of course. Do you suggest this because we have two 4hr candles above the 50ema (ofc the 2nd hasn't closed yet)??
  • #149,474
  • Dec 15, 2008 1:21pm Dec 15, 2008 1:21pm
bull trap
Money & Pain Respect the market, protect your capital, be patient
  • #149,475
  • Dec 15, 2008 1:22pm Dec 15, 2008 1:22pm
Quoting Cdawg
149.00 is where i see the daily 50ema or there abouts, seems a big jump for no particular reason. But anything is possible of course. Do you suggest this because we have two 4hr candles above the 50ema (ofc the 2nd hasn't closed yet)??
we wont see a straight shoot up to daily 50ema LOOL

but to me the trend is changing to bullish. It's what I see.
Trade what you see, not what you think.
  • #149,476
  • Dec 15, 2008 1:28pm Dec 15, 2008 1:28pm
Although i am still a newbie, but there is obvious Bullish divergence on daily and what looks like a morning star seem to be forming on weekly. I think this baby is on her way up for now.

I am sorry don't know how to post a chart.
  • #149,477
  • Dec 15, 2008 1:32pm Dec 15, 2008 1:32pm
Quoting Kyen
Not comforting to hear... im long @ 138 and looking for 140 TP for asia.

99 % of the time asia reatrces the US session ... look back in the charts
Blogging daily now at www.volume.zone
  • #149,478
  • Dec 15, 2008 1:42pm Dec 15, 2008 1:42pm
Welcome to the carry trade, orders please
Money & Pain Respect the market, protect your capital, be patient
  • #149,479
  • Dec 15, 2008 1:44pm Dec 15, 2008 1:44pm
Hey toyboy..

so is it a bull trap or carry orders.. haha
  • #149,480
  • Dec 15, 2008 1:48pm Dec 15, 2008 1:48pm
Quoting toyboy tramp
Welcome to the carry trade, orders please

been expecting the buying action in GBPUSD ... did not expect it all at once lol The bullish dsiv is playing out and maybe after tomorrows interest rate hype is voer we may see some form of reatrce on the GBPUSD> The volume showed steady buying interest today
Blogging daily now at www.volume.zone
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