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

  • #168,521
  • Apr 1, 2009 12:29am Apr 1, 2009 12:29am
Quoting forexlion
sure but this is where i woke up and took the shorts this morning, i had expected this last night itself, see this post
http://www.forexfactory.com/showpost...&postcount=160

Marked buy the huge red arrow is where i went short this morning.
We still same page since yesterday night (asian time)...

Am flash another short from 141.70...and now just watch my green pip lol..
  • #168,522
  • Apr 1, 2009 12:33am Apr 1, 2009 12:33am
Quoting Piters
Yes mate
139.50 - 139.90 is my target.. it is a Fibo 382 and 4H gann is sitting there...
It is importaant to watch the bounce.. However as I mentioned,, Higer TF pointing to a Big DROP...
Thanks for all of your posts Piters. For a big drop, a guess that we need usd-jpy to fall as well. I would like to ask your take on usd-jpy. Yesterday got me confused as we broke the series of weekly lower high started at the beginning of march and we closed the month at the high which is quite bullish to me...
  • #168,523
  • Apr 1, 2009 12:45am Apr 1, 2009 12:45am
Quoting Piters
Yes mate
139.50 - 139.90 is my target.. it is a Fibo 382 and 4H gann is sitting there...
It is importaant to watch the bounce.. However as I mentioned,, Higer TF pointing to a Big DROP... just the question is when..

  1. Now .. [today, tonight.. late NY ]
  2. After few ranging swings between 142 and 136
  3. After G20

Im not seeing also some big moves durring the G20, only eventualy if some stupid thing happend there.. but Im watching and playing..

Ultimatevly Weekly Gann [129.90] is my target... or lower

sounds like a rugby match .
no i actually agree with what you say.. probably going to be some big swings with the market trying to guess and take a position. not to mention some could be unloading do to fear or disappointment.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #168,524
  • Apr 1, 2009 12:54am Apr 1, 2009 12:54am
Quoting england33
sounds like a rugby match .
no i actually agree with what you say.. probably going to be some big swings with the market trying to guess and take a position. not to mention some could be unloading do to fear or disappointment.
even some little moves would be fine wtih me
  • #168,525
  • Apr 1, 2009 1:22am Apr 1, 2009 1:22am
Quoting rogerdoger
even some little moves would be fine wtih me
oh yah me too.. i'm not greedy but i'll take what i can get.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #168,526
  • Apr 1, 2009 1:23am Apr 1, 2009 1:23am
Quoting rogerdoger
even some little curvy moves would be fine wtih me
  • #168,527
  • Apr 1, 2009 1:28am Apr 1, 2009 1:28am
Good morning everybody. Just one question, why do most of the people here say that she should go south? On my charts it looks as if she is still on yesterday's up trend with a retrace that is now looking worn out
  • #168,528
  • Apr 1, 2009 1:34am Apr 1, 2009 1:34am
Quoting Charle
Good morning everybody. Just one question, why do most of the people here say that she should go south? On my charts it looks as if she is still on yesterday's up trend with a retrace that is now looking worn out
Retrace?

a 80 pip dip is not a retrace against this 700 pip move, its a minor blip. this move is due a real retrace of several hundred pips. You won't see pros continuously reloading unidirectionally on such minor dips for long.
  • #168,529
  • Apr 1, 2009 1:46am Apr 1, 2009 1:46am
Quoting OGW
Thanks for all of your posts Piters. For a big drop, a guess that we need usd-jpy to fall as well. I would like to ask your take on usd-jpy. Yesterday got me confused as we broke the series of weekly lower high started at the beginning of march and we closed the month at the high which is quite bullish to me...
Im trading only GY, for UY Ineed some more time to make analysis, but on my screen, I watch: EU, UY, GU and YM [min dow] for an indication only as an Indicator..

ES and YM are facing a very strong resistance, if you look at daily chart, you are gonna see theat we keep bouncing from UTL on that bearish chanel after the last breakout. So any Breakout or close abouve, would just resume the BULL retracment in the BEAR market..

The same I believe we are seeing with UY, we had some raly yesterday ony on fact that was the last day of FY in japan, and US first quoter.. Not realy convincing move..

funamentials are very bad, and some new bad news comming every Hour..

I dont think we can see any 100 level or above before G20.. anyway, maybe is nothing but lot of players are actualy betting on that G20, as they expect the future of the USD.. Just for reff. in our Forex trade.. ALL, and EVERYTHING we trade, we convert to USD.. so any change with G20, would SHIFT the big picture and FX market...

all this week is not realy "Safe" to play.. including G20 on Thursday, and NFP on Friday...

***********************

and to answer to RogerDoger:

yes mate, even small pisp are very difficult to take, as the swings are sharp, and even on 5 min the retracements are more then 61 Fibo, they go easy to 75fibo and Full retrace... the bars can go sharp with 30-50 pips..
Showing, a lot of indecision, and direction...

very dangerous WEEK.. we have to play:
HIT and RUN.. here.. and take whatever you can from the market..!!
  • #168,530
  • Apr 1, 2009 1:48am Apr 1, 2009 1:48am
Quoting Charle
Good morning everybody. Just one question, why do most of the people here say that she should go south? On my charts it looks as if she is still on yesterday's up trend with a retrace that is now looking worn out
I agree Charle. Not much volume either way right now, so talk of tankage is premature. Looking at the charts as they are, more upside is likely than 139.xx. One thing to watch is UK Manufacturing PMI at 9:30 GMT. This could simply be marking up before the data and subsequent sell-off. Or a smokescreen to catch the sellers at release time.

Not selling here until I see sell volume kicking in.

JMHO of course.
  • #168,531
  • Apr 1, 2009 1:49am Apr 1, 2009 1:49am
Ok, sorry, whatever you call it, the minor dip, speedbump, whatever. But do you agree with me that the trend is still bullish?

I actually wanted reasons from the bears as to why they were so certain that the price would go down with charts or something. I am new here and wants to learn, they obviously see something that I dont.
  • #168,532
  • Apr 1, 2009 1:50am Apr 1, 2009 1:50am
Price is above 4h gann, if 1h QQE crosses upwards and a candle closes above gann, then my next target is 144 atleast
Trade what you see, not what you think.
  • #168,533
  • Apr 1, 2009 1:51am Apr 1, 2009 1:51am
Thanks for your thoughs Piters.
  • #168,534
  • Apr 1, 2009 1:52am Apr 1, 2009 1:52am
Quoting ukdaytrader
I agree Charle. Not much volume either way right now, so talk of tankage is premature. Looking at the charts as they are, more upside is likely than 139.xx. One thing to watch is UK Manufacturing PMI at 9:30 GMT. This could simply be marking up before the data and subsequent sell-off. Or a smokescreen to catch the sellers at release time.

Not selling here until I see sell volume kicking in.

JMHO of course.
Thank you very much. So it is news that might bring the price down? I guess I will just make sure that I am sitting at the side during that time
  • #168,535
  • Apr 1, 2009 1:54am Apr 1, 2009 1:54am
Quoting Charle
Ok, sorry, whatever you call it, the minor dip, speedbump, whatever. But do you agree with me that the trend is still bullish?

I actually wanted reasons from the bears as to why they were so certain that the price would go down with charts or something. I am new here and wants to learn, they obviously see something that I dont.
The trend on the 4h/Daily is bullish at the moment.

Trade what you see, people here in this thread will say up n down every 10 mins, so don't let it affect your own analysis
Trade what you see, not what you think.
  • #168,536
  • Apr 1, 2009 1:57am Apr 1, 2009 1:57am
Quoting Piters
Im trading only GY, for UY Ineed some more time to make analysis, but on my screen, I watch: EU, UY, GU and YM [min dow] for an indication only as an Indicator..

ES and YM are facing a very strong resistance, if you look at daily chart, you are gonna see theat we keep bouncing from UTL on that bearish chanel after the last breakout. So any Breakout or close abouve, would just resume the BULL retracment in the BEAR market..

The same I believe we are seeing with UY, we had some raly yesterday ony on fact that was the last day of FY in japan,...
Actually Piters you just answered my question, thanks very much!
  • #168,537
  • Apr 1, 2009 1:57am Apr 1, 2009 1:57am
Ive been long on GBP/JPY since 140.60 or so but watching current reversal point as highlighted in my chart.

http://screencast.com/t/sLl0sgQMJ
Going to make it big by age 21.
  • #168,538
  • Apr 1, 2009 2:00am Apr 1, 2009 2:00am
Quoting karmostaji
The trend on the 4h/Daily is bullish at the moment.

Trade what you see, people here in this thread will say up n down every 10 mins, so don't let it affect your own analysis
This is good advice. The trick is to not let anyone scare you out of a good trade.
  • #168,539
  • Edited 2:21am Apr 1, 2009 2:06am | Edited 2:21am
Quoting Charle
Ok, sorry, whatever you call it, the minor dip, speedbump, whatever. But do you agree with me that the trend is still bullish?

I actually wanted reasons from the bears as to why they were so certain that the price would go down with charts or something. I am new here and wants to learn, they obviously see something that I dont.

Monthly = Bearish
Weekly = Bearish
Daily = Bullish
4H = Bullish
Hourly = Bearish.

It is realy matter, which TF you are trading mate.. You can't generalize that we are in bullish market.. We saw A Bottom at 118 but not THE Bottom, there is sitill action to come..

P.s. open weekly GY chart with stochastic 9,3,3, and tell me looking back, how many times stoch rolled from 80 level, and what happend then, and how many pips produced.. [lfirst time from 251,10 gave us 3000pips, last one was with 9000 pips]
Im not saying that this is going to happend today or tomorrow, but watch, and be ready.. (personaly I believe that we should see and test 155 area, before we DROP like a stone, but this scenario can happend any hour, day, or week)
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  • #168,540
  • Apr 1, 2009 2:10am Apr 1, 2009 2:10am
Bullish MACD crossover comfirmed yesterday and the minimum must reach target is around 145 on 4hr. Looking at 1hr i see bearish div pointing to the lows at 135.69 - very interesting situation.
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