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

  • #169,761
  • Apr 8, 2009 12:21am Apr 8, 2009 12:21am
I'm thinking down as well but the only thing bothering me atm is that GBPCHF is strangely bouyant today courtesy an extra strong USDCHF.
  • #169,762
  • Apr 8, 2009 1:16am Apr 8, 2009 1:16am
Quoting KillerWhale
Yes, let everyone go north, then I'll go south again.

I've had an enormous amount of fun shorting this pair in the last few hours.


Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,763
  • Edited 1:29am Apr 8, 2009 1:17am | Edited 1:29am
145.05 Bounce


provided 145.80 is broken first.
  • #169,764
  • Apr 8, 2009 1:28am Apr 8, 2009 1:28am
Quoting forexlion
145.05 Bounce
give the reason for bounce at 145.05 ?
  • #169,765
  • Apr 8, 2009 1:29am Apr 8, 2009 1:29am
Quoting forexlion
145.05 Bounce


provided 145.80 is broken first.
Why here?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,766
  • Apr 8, 2009 1:30am Apr 8, 2009 1:30am
Seriously guys???

Look at the Daily high from March 24
The only sovereign I can allow to rule me is reason.
  • #169,767
  • Apr 8, 2009 1:33am Apr 8, 2009 1:33am
Quoting pearsonfx
Seriously guys???

Look at the Daily high from March 24
Monthly High of March as well

WASHINGTON (Reuters) - U.S. President Barack Obama needs to convince Americans to bomb Osama's crotch with harvester ants to stop him from buying GJ.
  • #169,768
  • Apr 8, 2009 1:34am Apr 8, 2009 1:34am
Quoting pearsonfx
Seriously guys???

Look at the Daily high from March 24
What are you trying to say?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #169,769
  • Apr 8, 2009 1:35am Apr 8, 2009 1:35am
Well now I am implying that you need to expand your educational knowledge of the forex market and learn a vital rule of thumb.

Previous support becomes new resistance...and vice versa
The only sovereign I can allow to rule me is reason.
  • #169,770
  • Apr 8, 2009 1:40am Apr 8, 2009 1:40am
Well, we still don't know whether it will bounce off or break through, although the chances are much higher it will break through the level to tank more. Its just a support level like any other support level
  • #169,771
  • Apr 8, 2009 1:44am Apr 8, 2009 1:44am
Well, after yesterday's bounce which was unexpected and out of correlation with the indices, seling continues from a higher price, allowing the big players to sell higher.

I was suspicious that the move from 151 wasn't as big as expected, so I think we'll now see the low 140s, maybe even high 130s.

I shorted the rallies and am staying short. If we break 146 decisively, then I will add more.

Next week is another story.....
  • #169,772
  • Apr 8, 2009 1:45am Apr 8, 2009 1:45am
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart
The only sovereign I can allow to rule me is reason.
  • #169,773
  • Apr 8, 2009 1:45am Apr 8, 2009 1:45am
Quoting ukdaytrader
Well, after yesterday's bounce which was unexpected and out of correlation with the indices, seling continues from a higher price, allowing the big players to sell higher.

I was suspicious that the move from 151 wasn't as big as expected, so I think we'll now see the low 140s, maybe even high 130s.

I shorted the rallies and am staying short. If we break 146 decisively, then I will add more.

Next week is another wife.....
  • #169,774
  • Apr 8, 2009 1:46am Apr 8, 2009 1:46am
I recognized it but I just thought it looked too weird to be a head and shoulders, I'm glad im not imagining things
  • #169,775
  • Apr 8, 2009 1:50am Apr 8, 2009 1:50am
Quoting forexlion
Monthly High of March as well

WASHINGTON (Reuters) - U.S. President Barack Obama needs to convince Americans to bomb Osama's crotch with harvester ants to stop him from buying GJ.

forexlion hits another level of WTF
  • #169,776
  • Apr 8, 2009 1:50am Apr 8, 2009 1:50am
This is the second kiss of 145.80
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 12 KB
  • #169,777
  • Apr 8, 2009 1:51am Apr 8, 2009 1:51am
Quoting pearsonfx
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart

I must admit that I do not see it. Could you post your chart to show it because I am having a hard time trying to pick out a left shoulder of more than just 1 bar in size (too small but not impossible).
  • #169,778
  • Apr 8, 2009 1:52am Apr 8, 2009 1:52am
Quoting pearsonfx
I hear a lot of talk about Elliot Waves here and price projections

Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart
Its not H&S pattern.
  • #169,779
  • Apr 8, 2009 1:58am Apr 8, 2009 1:58am
Here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY82.GIF Size: 21 KB
Click to Enlarge Name: GBPJPY83.GIF Size: 21 KB
The only sovereign I can allow to rule me is reason.
  • #169,780
  • Apr 8, 2009 1:59am Apr 8, 2009 1:59am
Quoting cullian
All my dogs are concentrating with me, the more people (and dogs) that beleive the smoother this will go
Bro
Give some water to your dogs
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