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

  • #174,061
  • Apr 29, 2009 7:31pm Apr 29, 2009 7:31pm
Quoting england33
well they say bad news rallies mark bottoms.
For minor local bottoms perhaps. For major bottoms its bad news big fear crapola.
  • #174,062
  • Apr 29, 2009 7:33pm Apr 29, 2009 7:33pm
Quoting Eulogy
For minor local bottoms perhaps. For major bottoms its bad news big fear crapola.
true perhaps a flight to safety. but if the worst is out a bottom would be set. not saying it has they have been saying the worst is out for the past few yrs. but one of these times eh. .
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #174,063
  • Apr 29, 2009 7:37pm Apr 29, 2009 7:37pm
Quoting england33
true perhaps a flight to safety. but if the worst is out a bottom would be set. not saying it has they have been saying the worst is out for the past few yrs. but one of these times eh. .
They? who is they? The most Obama has said is that he's seen "flickers of life" and "green shoots" and "Stocks are a good investment" - as long as you can wait for 10+ years (no guarantee of liquidity during that time though). The most important person recently saying a bottom is in atm is Volcker although his views were tempered by Poole who in his denial of a bottom in effect told Volcker to STFU
  • #174,064
  • Apr 29, 2009 7:41pm Apr 29, 2009 7:41pm
Cable: This trendline has been my friend,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
  • #174,065
  • Apr 29, 2009 7:42pm Apr 29, 2009 7:42pm
Quoting Eulogy
BTW, does anybody have the parameters used in the stress tests for both the base and adverse conditions?
here's a start:
http://zerohedge.blogspot.com/2009/0...utshelled.html
Without a trade plan, say bye bye to your account & hello to frustration.
  • #174,066
  • Apr 29, 2009 7:45pm Apr 29, 2009 7:45pm
Quoting Eulogy
They? who is they? The most Obama has said is that he's seen "flickers of life" and "green shoots" and "Stocks are a good investment" - as long as you can wait for 10+ years (no guarantee of liquidity during that time though). The most important person recently saying a bottom is in atm is Volcker although his views were tempered by Poole who in his denial of a bottom in effect told Volcker to STFU
"they" a general term spoken to someone thinking they are talking about the same subject. they meaning headline stories in the news from people that make mainstreme media. sorry for confusing you.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #174,067
  • Apr 29, 2009 7:50pm Apr 29, 2009 7:50pm
for all you bears...

what other resistance levels are you seeing now that 144.50 appears it will give way?

145.20ish was the swing high...

anything else?
  • #174,068
  • Apr 29, 2009 7:50pm Apr 29, 2009 7:50pm
Stay good friend with her so my position will hit my 156.00.



Quoting GodfreyH
Cable: This trendline has been my friend,
[
  • #174,069
  • Apr 29, 2009 8:00pm Apr 29, 2009 8:00pm
Quoting rgitt05
Stay good friend with her so my position will hit my 156.00.

LOL
  • #174,070
  • Apr 29, 2009 8:13pm Apr 29, 2009 8:13pm
it is unfortunate but at least people should start noticing that the stress tests are a complete joke.

Adverse parameter 2009 Real GDP -3.3%

yesterday's news release:
Real GDP (advanced) -6.1% annualised

If C and BAC are already bitching about the results from such favourable conditions it simply begs the question how they will cope with the subsequent hemorrhage.
  • #174,071
  • Apr 29, 2009 8:18pm Apr 29, 2009 8:18pm
Although some analysis are clearly wrong, and can only be proved after the fact I appreciate looking at the picture from either a buyer's perspective or a seller's perspective. Thank you to all.

Here's my fib analysis over the current status. Having "signaled" it wants to head up I would look for longs...but be cautious. If the price does not reach 145.96 but instead touches back down to 142.16 and pierces then that will be a great signal to sell down at least to 141.28.

www.youtube.com/profitfromforex
  • #174,072
  • Apr 29, 2009 8:20pm Apr 29, 2009 8:20pm
Quoting Eulogy
i'm still reading these spikes as low volume markups. There was accumulation around the 139 mark but a 600 pip no retracement movement that built itself from a very low volume pop in Asian session yesterday to a hideous news strong rally US session to now another Asian session spiking to local new highs, 5-10 mins after equity markets have fully opened.

The only thing we need now to complete the menage a trois of bad news and investor overconfidence is another Obama speech. Something along the lines of:

"America is not in recession. The standard...

the up moves are on volume .. down moves no volume... check 4 hour

I do not get it either but am enjoying the ride
Blogging daily now at www.volume.zone
  • #174,073
  • Apr 29, 2009 8:23pm Apr 29, 2009 8:23pm
Quoting bigcoupe
I may eat my words and I'm the first to admit when I'm wrong. So...here she goes:

I'm still a bear and am still selling rallies. Small orders of course in order not to risk too much.

I personally do not see us going above 146 and my target is < 139.

G/L all.

B
I am with you on this. I think the last couple of days of buying have been a play on the triple and quadruple swap interest for Wednesday/Thursday.

Saying this, I won't be shorting with any significant lots till 139.00 has a clean break.
{Some Profound Statement goes here}
  • #174,074
  • Apr 29, 2009 8:25pm Apr 29, 2009 8:25pm
Quoting Eulogy
it is unfortunate but at least people should start noticing that the stress tests are a complete joke.

Adverse parameter 2009 Real GDP -3.3%

yesterday's news release:
Real GDP (advanced) -6.1% annualised

If C and BAC are already bitching about the results from such favourable conditions it simply begs the question how they will cope with the subsequent hemorrhage.
8 hour all blue are up bars .... now do you get the picture ?

147 within next 24 hours is in target

timing .....30th april midnight pst 147 , Frdiay 148.50 , if not before. This is all based on symmetry of moves

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN56.png Size: 241 KB
Blogging daily now at www.volume.zone
  • #174,075
  • Apr 29, 2009 8:26pm Apr 29, 2009 8:26pm
Quoting sycho
YPU RIGHT ON BOARD THE FLIGHT BRO..AS I SAID EARLIER,we r still on a sharp bear wedge,and this is just a mere retracement like we fad at 150-146level,but we continue slicing more of the downside than up...still targeting 130-118area
Glad to see Im not alone.

B
  • #174,076
  • Apr 29, 2009 8:33pm Apr 29, 2009 8:33pm
Quoting malcolmb14
8 hour all blue are up bars .... now do you get the picture ?

147 within next 24 hours is in target

Attachment
Can you please show H1 with volume. H8 seems to group together too much info and it also skews the chart due to the differences between equity market volumes
  • #174,077
  • Apr 29, 2009 8:34pm Apr 29, 2009 8:34pm
bigcoupe...

care to pick a top?
  • #174,078
  • Apr 29, 2009 8:37pm Apr 29, 2009 8:37pm
Quoting Eulogy
Can you please show H1 with volume. H8 seems to group together too much info and it also skews the chart due to the differences between equity market volumes

here you go .. lots of low volume test on way up ..any one of them provided a good entry

London will be interesting 147 to 148.50 is what I see

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Blogging daily now at www.volume.zone
  • #174,079
  • Apr 29, 2009 8:40pm Apr 29, 2009 8:40pm
so Mal you see another 200 pips or so...about 800 in total, with no retrace?
  • #174,080
  • Apr 29, 2009 8:41pm Apr 29, 2009 8:41pm
Quoting malcolmb14
here you go .. lots of low volume test on way up ..any one of them provided a good entry

London will be interesting 147 to 148.50 is what I see
Malc, that 145.8 area that was support and tested like 4 times when we came down from 151, You don't consider that strong resistance?
Without a trade plan, say bye bye to your account & hello to frustration.
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