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

  • #151,821
  • Jan 7, 2009 5:37pm Jan 7, 2009 5:37pm
i agree with rgitt05 and malc, there is more room to the upside even if a retracement might play out soon.

Quoting Terminale
We closed today as Doji. Tomorrow when the rate will be announced and GJ go down. we will have Evening star. So it better to star shorting GU and GJ from now.
Nihil Sine Deo.
  • #151,822
  • Jan 7, 2009 5:37pm Jan 7, 2009 5:37pm
Quoting Petefaders
div on 1hr.
http://i44.tinypic.com/119bfnk.jpg
agreed!!!
  • #151,823
  • Jan 7, 2009 5:41pm Jan 7, 2009 5:41pm
We'll probably test 139.50 very soon so I'm short for a scalp.
  • #151,824
  • Jan 7, 2009 5:53pm Jan 7, 2009 5:53pm
The GU looks bullish to reach the upper TL(1.53- 1.54) before the rate cut decision tomorrow.. This may carry the GJ further to the 143.60-80 range

MACD is bullish
PA above the 4hr gann-hilo
H & S formation ???

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  • #151,825
  • Jan 7, 2009 5:54pm Jan 7, 2009 5:54pm
yeeah, I'l take my whopping 14 pips now. First trade today.
  • #151,826
  • Jan 7, 2009 6:04pm Jan 7, 2009 6:04pm
It's known that asia sometimes pullback after a rally and it may drop to the 136.00 on the 200ema if the PA falls or hold the red TL.

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  • #151,827
  • Jan 7, 2009 6:17pm Jan 7, 2009 6:17pm
Quoting markam
I thought we would hit dow 10,000 before the employment report Friday, but with this constant barrage of nothing but bad news, I am wondering if the stock market has peaked and is ready for its next step down.
looks like I may be right. The next two days could get ugly on Wall Street, which may get us to 127 on GJ by next week.
  • #151,828
  • Jan 7, 2009 6:20pm Jan 7, 2009 6:20pm
always good to look at other pairs .. eu and chf have been like taking candy from a baby today ...

look how orderly euro is ...

took short according to system .. closed on support for 50 pip since US close

opened long off 1.3600 ... move stop to break even almost right away


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Blogging daily now at www.volume.zone
  • #151,829
  • Jan 7, 2009 6:22pm Jan 7, 2009 6:22pm
Quoting markam
looks like I may be right. The next two days could get ugly on Wall Street, which may get us to 127 on GJ by next week.

s&p futures looked like reversal on daily .. shorted them 924 .... still holding for target 850

GU is holding GJ up right now ... just cause markets go down does not mean GJ will ..... the correlation is only about 60 % right now
Blogging daily now at www.volume.zone
  • #151,830
  • Jan 7, 2009 6:27pm Jan 7, 2009 6:27pm
Quoting malcolmb14
s&p futures looked like reversal on daily .. shorted them 924 .... still holding for target 850

GU is holding GJ up right now ... just cause markets go down does not mean GJ will ..... the correlation is only about 60 % right now
I know. GJ just isn't as cooperative at these low levels. I do fully expect it to hit the 1995 lows around 127 fairly soon. The way england is collapsing, GU should drop below 1.4 at some point after this rate decision.
  • #151,831
  • Jan 7, 2009 6:28pm Jan 7, 2009 6:28pm
Quoting malcolmb14
s&p futures looked like reversal on daily .. shorted them 924 .... still holding for target 850

GU is holding GJ up right now ... just cause markets go down does not mean GJ will ..... the correlation is only about 60 % right now
agree with u...just waiting for a breakout
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  • #151,832
  • Jan 7, 2009 6:33pm Jan 7, 2009 6:33pm
Quoting malcolmb14
I know gj thread...

but euro futures ... 60 min watch this channel ... this looks like a bear flag to me ...

this can also been seen on eu

Attachment

eu breaking flag .. I know gj thread this is easy money for all my trading friends !!!
Blogging daily now at www.volume.zone
  • #151,833
  • Jan 7, 2009 6:38pm Jan 7, 2009 6:38pm
Gbp/Jpy

CAUTION around 138.50s

This pair is now signaling a potential fall below 138.50s

I could turn to sell; placing 138.50s stop & sell orders

will check back tomorrow morning
  • #151,834
  • Jan 7, 2009 6:42pm Jan 7, 2009 6:42pm
Hi markam,

I read this article about the DJ correlation with the dollar..


US Dollar Loses Correlation With Dow Jones, Forex Market Continues to Track Oil

Crude Oil had its biggest one day percentage drop in over 7 years today as US inventories rose, Crude dropped 12%, (down $5.95) to $42.63...

I believe if the dollar is support more with the oil than this may help the UJ from falling furthur atm... EU looks bearish..

This year correlation is throwing everything off.



http://www.dailyfx.com/story/dailyfx...366398354.html




Quoting markam
I thought we would hit dow 10,000 before the employment report Friday, but with this constant barrage of nothing but bad news, I am wondering if the stock market has peaked and is ready for its next step down.

Alcoa to cut 13 pct of global work force


http://news.yahoo.com/s/ap/20090106/...alcoa_job_cuts
[
  • #151,835
  • Jan 7, 2009 6:53pm Jan 7, 2009 6:53pm
Quoting rgitt05
Hi markam,

I read this article about the DJ correlation with the dollar..


US Dollar Loses Correlation With Dow Jones, Forex Market Continues to Track Oil

Crude Oil had its biggest one day percentage drop in over 7 years today as US inventories rose, Crude dropped 12%, (down $5.95) to $42.63...

I believe if the dollar is support more with the oil than this may help the UJ from falling furthur atm... EU looks bearish..

This year correlation is throwing everything off.



http://www.dailyfx.com/story/dailyfx...366398354.html


...

Cool article. I do disagree that the yen will continue its strong correlation for the forseeable future. The stock market has a lot more downside still to go. The yen, not so much.
  • #151,836
  • Jan 7, 2009 6:57pm Jan 7, 2009 6:57pm
I Dont See Any Bearish Sign For Gj...there's Is A Bull Flag Formed

STRONG SUPPORT 139.54
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  • #151,837
  • Jan 7, 2009 7:06pm Jan 7, 2009 7:06pm
hello guys
I recommend you read something else as this sentence is now concluded.
  • #151,838
  • Jan 7, 2009 7:07pm Jan 7, 2009 7:07pm
I believe the PA will retrace up to the 76.8 area( 143.50-143.60) R3 before dropping

RSX trending upward...

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  • #151,839
  • Jan 7, 2009 7:10pm Jan 7, 2009 7:10pm
if GU bounce really good from this trend i think we are heading to 1.52 which leads to new high for GJ of course
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  • #151,840
  • Jan 7, 2009 7:46pm Jan 7, 2009 7:46pm
Small short off 140. due to low volume on this up move, and a higher sell demand bar appeard on 1min. risky.
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