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

  • #152,621
  • Jan 13, 2009 11:26am Jan 13, 2009 11:26am
classic bullish div off 130 on rsx for those playing with divergences in rsx .. 15 min and 5 min
Blogging daily now at www.volume.zone
  • #152,622
  • Jan 13, 2009 12:06pm Jan 13, 2009 12:06pm
Quoting malcolmb14
closed that short 100 pip on 130 , opened new long as gbp has bullish div on rsi and ES is fomring ascending triangle .. likely to break daily pivot 871.5 later taking GJ with it

gj looks like no buying interest and the bottom of the triangle on ES has broken ....no gj position right now

looks like ES cannot break 871.5 and will head down

form a futures persepective JPY has inside bar on daily... and may reverse ( JPY weaker) ... ths could cause some ranging over the next day or so
Blogging daily now at www.volume.zone
  • #152,623
  • Jan 13, 2009 12:47pm Jan 13, 2009 12:47pm
OK, 1995 low now breached. A bounce from here could be valid...
  • #152,624
  • Jan 13, 2009 12:49pm Jan 13, 2009 12:49pm
and we have a new low!
  • #152,625
  • Jan 13, 2009 12:49pm Jan 13, 2009 12:49pm
I have been away for while, and I see that the PA didn't buy into this Trade balance(short rally)...I am glad I locked in some pips..I had my short order triggered at the low..

I have my daily chart target set at 127.40 range based on TL's..

Good Luck..

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  • #152,626
  • Jan 13, 2009 1:12pm Jan 13, 2009 1:12pm
Quoting ukdaytrader
OK, 1995 low now breached. A bounce from here could be valid...
GJ has done it many times in the past few months. It makes a new low and then bounce. But the bounce will just be limited to the 15M 50ema. I wouldn't be surprised to see a bounce here. But as to long term uptrend, I don't see it happening until the US and UK data start showing some positive numbers.
  • #152,627
  • Jan 13, 2009 1:16pm Jan 13, 2009 1:16pm
Quoting rgitt05
I have been away for while, and I see that the PA didn't buy into this Trade balance(short rally)...I am glad I locked in some pips..I had my short order triggered at the low..

I have my daily chart target set at 127.40 range based on TL's..

Good Luck..


if you looik at GU it has never broken the 14 sma on a 15 min chart since yesterday ....that is where PA is coming from ... so it did buy into the trade balance ( being good for USD ) lol
Blogging daily now at www.volume.zone
  • #152,628
  • Jan 13, 2009 1:28pm Jan 13, 2009 1:28pm
there must be no serious buyers in any of these markets. crude, ym, and all the other stuff that went up during this last bubble can't gain no traction. i'm almost wondering if another wave of liquidation is coming.
"Don't trade to trade . . . trade to win." - James16
  • #152,629
  • Jan 13, 2009 1:30pm Jan 13, 2009 1:30pm
The only reaction I see so far with the strengthen of the dollar is the oil and gold dropping...The UJ is not buying into this strengthen dollar...GU is now starting to catch up with the US recession and getting weaker....It seems the US dollar is the safe haven based on the commodities meltdown... I guess I will watch the commodities more for further strengthen of the dollar..DJ is losing correllation with the GJ and EU..

Futures of the GU looks bearish...







Quoting malcolmb14
if you looik at GU it has never broken the 14 sma on a 15 min chart since yesterday ....that is where PA is coming from ... so it did buy into the trade balance ( being good for USD ) lol
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  • #152,630
  • Jan 13, 2009 1:35pm Jan 13, 2009 1:35pm
there's bullish div on 1hr cci30 chart. how far can it go? any idea?
  • #152,631
  • Jan 13, 2009 1:36pm Jan 13, 2009 1:36pm
Quoting rgitt05
The only reaction I see so far with the strengthen of the dollar is the oil and gold dropping...The UJ is not buying into this strengthen dollar...GU is now starting to catch up with the US recession and getting weaker....It seems the US dollar is the safe haven based on the commodities meltdown... I guess I will watch the commodities more for further strengthen of the dollar..DJ is losing correllation with the GJ and EU..

Futures of the GU looks bearish...



nothing on the daily of gbp futures to suggest turn around any time soon ....

will be interesting to see the reaction to the retail report tomorrow.

I think the s & p has to hit 850 before we see any turn around in the markets.

We could well see a 125 gj soon ....

there iso ne hting that is bothering me .. is that the up day today on DX was on high volume ... there may be a selling reaction to that as we are close to the 61.8 % reatrce of the move down in the DX.
Blogging daily now at www.volume.zone
  • #152,632
  • Edited 2:02pm Jan 13, 2009 1:36pm | Edited 2:02pm
Based on my charts, I have the 1.4300 area as the TP on the LTL...


This PA dropping to the LTL should help the GJ go lower...

How low can you go GJ?

I have a predicted low on my monthly chart...

Looks like a 1000-1500 pips drop ...

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  • #152,633
  • Jan 13, 2009 1:39pm Jan 13, 2009 1:39pm
Quoting rgitt05
The only reaction I see so far with the strengthen of the dollar is the oil and gold dropping...The UJ is not buying into this strengthen dollar...GU is now starting to catch up with the US recession and getting weaker....It seems the US dollar is the safe haven based on the commodities meltdown... I guess I will watch the commodities more for further strengthen of the dollar..DJ is losing correllation with the GJ and EU..

Futures of the GU looks bearish...


not to get too off topic, but this whole "safe haven" dollar thing is a joke. i know the US Fed keeps saying "we're printing", but i have learned to watch what they do and not pay a whole lot of attention to what they say.

this money that they are printing is going into a black hole. i'm convinced this dollar strength is due to a continued shortage of cold hard cash. banks and hedge funds need to pay bills and the only way to do that is to sell, sell, sell.
"Don't trade to trade . . . trade to win." - James16
  • #152,634
  • Jan 13, 2009 1:40pm Jan 13, 2009 1:40pm
so who bought at 129??
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #152,635
  • Jan 13, 2009 1:41pm Jan 13, 2009 1:41pm
Quoting moneymagnet
so who bought at 129??

129.14. Wish I was in earlier
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #152,636
  • Jan 13, 2009 1:48pm Jan 13, 2009 1:48pm
Quoting djambazov84
129.14. Wish I was in earlier
i wouldnt be surprised if we see another low before 4:30pm est. i am staying away until i get better confirmation. I think 129 maybe a good place to buld some longs. the pj is due for some retracing
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #152,637
  • Jan 13, 2009 1:50pm Jan 13, 2009 1:50pm
I bought in a 129.12.. see how she goes. Like others expecting a bit of a bounce, s/l 40pip
  • #152,638
  • Jan 13, 2009 1:51pm Jan 13, 2009 1:51pm
Quoting Cdawg
I bought in a 129.12.. see how she goes. Like others expecting a bit of a bounce, s/l 40pip
what's your TP
  • #152,639
  • Jan 13, 2009 1:51pm Jan 13, 2009 1:51pm
How low are we going here already broken previous lows' i have run out of room on my monthley 1987 is the lowest it can go
  • #152,640
  • Jan 13, 2009 1:53pm Jan 13, 2009 1:53pm
Quoting vinesh2
How low are we going here already broken previous lows' i have run out of room on my monthley 1987 is the lowest it can go
maybe a little tango action, lol
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
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