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

  • #171,661
  • Apr 19, 2009 9:09pm Apr 19, 2009 9:09pm
Quoting Piters
yes bro, that's correct, we may now play a bit arround 145.50 as retest the 145.90 but the way is down, from daily, weekly charts, and this pattern,

Dont call me crazy, but we are breaking 141 level as LTL on daily too.. (me think).. im looking for 136/7 targets, but step by step.. first one 140.88
We are on a same page buddy ..
  • #171,662
  • Apr 19, 2009 9:09pm Apr 19, 2009 9:09pm
Quoting Piters
bro, my first one is 140.88 the same level CB marked this weekend, but we may see a small bounce form this level back.. NOW..from [145.40/50]

If you are LONG, you have to have a GOOOD resons for long..
Now I need to see if GJ does break the last week's low 145.82 which was support, now turned resistance, breaks or we continue to drop another 100 pips here.
  • #171,663
  • Apr 19, 2009 9:11pm Apr 19, 2009 9:11pm
Quoting Fusion
Hi Peters,

Assuming that the trend is bearish, how many pips of bounce from siupport levels seems logical at this stage, i.e. as you can see right now, we have had a 50 pips bounce from 145.28. I know that I am asking avery genreal question, but it seems to me that the answer needs more experience. I appreciate your help.

im charting from my laptop, but from what i see, I would look for 145.90/95 to 146.21 as a reversal points.. for down continuation..
  • #171,664
  • Apr 19, 2009 9:11pm Apr 19, 2009 9:11pm
You may wanna keep an eye at the bounce back up at 143.75 (more or less)
Butt kissers suck!
  • #171,665
  • Apr 19, 2009 9:11pm Apr 19, 2009 9:11pm
Quoting currencyexch
I figuring 146.20 - 30
Shall we consider 145.70-80 support broken or we have to wait for dailies to close?

I recall the latter attempts had never taken such a deep dive and they had ALMOST IMMIDIATELY bounced back.
  • #171,666
  • Apr 19, 2009 9:14pm Apr 19, 2009 9:14pm
Quoting Piters
yes bro, that's correct, we may now play a bit arround 145.50 as retest the 145.90 but the way is down, from daily, weekly charts, and this pattern,

Dont call me crazy, but we are breaking 141 level as LTL on daily too.. (me think).. im looking for 136/7 targets, but step by step.. first one 140.88

Trend line inidcates 141.00 area on my daily but bollinger band at low 145;s, breaks that and probably will see 141.00
  • #171,667
  • Apr 19, 2009 9:15pm Apr 19, 2009 9:15pm
Hi Piters,

Based on my weekly chart, I have the 141.50 area as a strong support and the weekly LTL to be a nice swing trade for long..

IMHO..




Quoting Piters
yes bro, that's correct, we may now play a bit arround 145.50 as retest the 145.90 but the way is down, from daily, weekly charts, and this pattern,

Dont call me crazy, but we are breaking 141 level as LTL on daily too.. (me think).. im looking for 136/7 targets, but step by step.. first one 140.88
Attached Image (click to enlarge)
Click to Enlarge Name: weeklygj1.gif Size: 26 KB
[
  • #171,668
  • Apr 19, 2009 9:18pm Apr 19, 2009 9:18pm
Quoting Piters
yes bro, that's correct, we may now play a bit arround 145.50 as retest the 145.90 but the way is down, from daily, weekly charts, and this pattern,

Dont call me crazy, but we are breaking 141 level as LTL on daily too.. (me think).. im looking for 136/7 targets, but step by step.. first one 140.88
Bro, the bearish momentum now waiting to explode (maybe during London). First I though the bottom at LTL around 140.65 ~ 140.80. 137.50 is the last major support for Bull. I don't think so it could break 137.50.
  • #171,669
  • Apr 19, 2009 9:20pm Apr 19, 2009 9:20pm
Quoting rgitt05
Hi Piters,

Based on my weekly chart, I have the 141.50 area as a strong support and the weekly LTL to be a nice swing trade..

IMHO..

Yes, 141.5x area is coincides with the daily 50 ema. But there is a daily bearish div that projects down to 136-137 area.
  • #171,670
  • Apr 19, 2009 9:26pm Apr 19, 2009 9:26pm
Fundamentals will have to be real bad for the 141.50 area to break..Look at gold and oil..They are heading for new low for the week/month.

Trendline on my weekly show area between 140.80-141.50 as a strong support..

Wait and see...



Quoting mktjong
Yes, 141.5x area is coincides with the daily 50 ema. But there is a daily bearish div that projects down to 136-137 area.
[
  • #171,671
  • Apr 19, 2009 9:27pm Apr 19, 2009 9:27pm
Quoting PandoraBox
Bro, the bearish momentum now waiting to explode (maybe during London). First I though the bottom at LTL around 140.65 ~ 140.80. 137.50 is the last major support for Bull. I don't think so it could break 137.50.
YEP bro, 1000% with you.. 140.80 is also the level where the CB stoped this weekend, [they just mark us the price ] and 136 - 137 where the weekly gann is, but first let's clear 141 area..
  • #171,672
  • Apr 19, 2009 9:27pm Apr 19, 2009 9:27pm
Quoting rgitt05
Fundamentals will have to be real bad for the 141.50 area to break..Look at gold and oil..They are heading for new low for the week/month.

Trendline on my weekly show area between 140.80-141.50 as a strong support..

Wait and see...

The coming Stress Report would do it .. me think ..
  • #171,673
  • Apr 19, 2009 9:32pm Apr 19, 2009 9:32pm
Today's calendar is wrong

they have nor written when malcolmb speaks or piters speaks or .....
  • #171,674
  • Apr 19, 2009 9:37pm Apr 19, 2009 9:37pm
April 20 (Bloomberg) -- The euro weakened to a one-month low against the dollar on concern policy disagreements within the European Central Bank will undermine efforts to help the region’s economy recover.

The yen strengthened versus all of the 16 most-active currencies on speculation the discord among ECB officials will deepen the global slump, spurring investors to reduce holdings of higher-yielding assets. The Dollar Index approached the highest level in three weeks on prospects a U.S. report today will show a gauge of the economy’s direction over the next three to six months improved.



http://www.bloomberg.com/apps/news?p...9WM&refer=home
[
  • #171,675
  • Apr 19, 2009 9:37pm Apr 19, 2009 9:37pm
Quoting forexlion
Today's calendar is wrong

they have nor written when malcolmb speaks or piters speaks or .....
That's suprise speach bro..

stay tunned, there is more to come...
  • #171,676
  • Apr 19, 2009 9:37pm Apr 19, 2009 9:37pm



Quoting forexlion
Today's calendar is wrong

they have nor written when malcolmb speaks or piters speaks or .....
[
  • #171,677
  • Apr 19, 2009 9:41pm Apr 19, 2009 9:41pm
Quoting rgitt05
Fundamentals will have to be real bad for the 141.50 area to break..Look at gold and oil..They are heading for new low for the week/month.

Trendline on my weekly show area between 140.80-141.50 as a strong support..

Wait and see...

i am with u my chart also show 141 as strong support also..
Attached Image (click to enlarge)
Click to Enlarge Name: surya1.gif Size: 25 KB
MY OPINION NOT FINANCIAL ADVISE
  • #171,678
  • Apr 19, 2009 9:43pm Apr 19, 2009 9:43pm
Look at the higher TF for confirmation..




Quoting donfriday
i am with u my chart also show 141 as strong support also..
[
  • #171,679
  • Apr 19, 2009 9:44pm Apr 19, 2009 9:44pm
Quoting Piters
YEP bro, 1000% with you.. 140.80 is also the level where the CB stoped this weekend, [they just mark us the price ] and 136 - 137 where the weekly gann is, but first let's clear 141 area..
bros u are right let us wait and see ...we could go down . let us follow trend is our friend
MY OPINION NOT FINANCIAL ADVISE
  • #171,680
  • Apr 19, 2009 10:06pm Apr 19, 2009 10:06pm
I am waiting for 145.80 to take a fresh short entry, i hope this is the correct entry level, what do you say Piters.
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