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

  • #174,661
  • May 3, 2009 2:03am May 3, 2009 2:03am
I know weekend data is not entirely accurate, but one of the feeds I check is:
http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i

Would suggest we retrace a few hundred pips before we go any higher. This might also bring GY out of overbought territory ready for the next leg up. Just a thought.....
  • #174,662
  • May 3, 2009 7:38am May 3, 2009 7:38am
Quoting ukdaytrader
I know weekend data is not entirely accurate, but one of the feeds I check is:
http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i

Would suggest we retrace a few hundred pips before we go any higher. This might also bring GY out of overbought territory ready for the next leg up. Just a thought.....
As ukdaytrader mentioned, http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i, I also checked with
http://www.forex-markets.com/quotes.htm and http://www.tenfore.com/markets.asp?symbol=GBPJPYCOMP.fx. All three are listing G/J at 145.72. Are these three websites using the same feed or there will be a huge gap down since Friday? Thanks!
  • #174,663
  • May 3, 2009 7:53am May 3, 2009 7:53am
With MB Trading...
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  • #174,664
  • May 3, 2009 7:55am May 3, 2009 7:55am
Quoting ndhoanggia
As ukdaytrader mentioned, http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i, I also checked with
http://www.forex-markets.com/quotes.htm and http://www.tenfore.com/markets.asp?symbol=GBPJPYCOMP.fx. All three are listing G/J at 145.72. Are these three websites using the same feed or there will be a huge gap down since Friday? Thanks!
Tenfore i believe is the main feed. what bugs me is gy has moved but gu and uj hasn't? and in previous weekends they never move... does it mean anything i don't know. It is due for a retrace but it seems that the safe trade it to buy dips. you may gamble on this data if you wish not a big risk to the upside.
  • #174,665
  • May 3, 2009 8:02am May 3, 2009 8:02am
i'm so happy

http://i288.photobucket.com/albums/l..._2008/gj-9.gif
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  • #174,666
  • May 3, 2009 8:03am May 3, 2009 8:03am
I am new to these fib patterns so take with a grain of salt...any opinions welcome....this is a daily gbp/jyp chart with an ABCD bullish pattern????
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  • #174,667
  • May 3, 2009 8:12am May 3, 2009 8:12am
Quoting ukdaytrader
I know weekend data is not entirely accurate, but one of the feeds I check is:
http://quotes.ino.com/chart/?s=FOREX_GBPJPY&v=i

Would suggest we retrace a few hundred pips before we go any higher. This might also bring GY out of overbought territory ready for the next leg up. Just a thought.....

I would ignore that if i were you ....what has been the over the weekend new to drive her down 350 pips ...NONE .....
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  • #174,668
  • May 3, 2009 8:16am May 3, 2009 8:16am
Quoting StarChild
I am new to these fib patterns so take with a grain of salt...any opinions welcome....this is a daily gbp/jyp chart with an ABCD bullish pattern????


could also be an abc bearish pattern that one can apply fib extensions to .

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  • #174,669
  • May 3, 2009 8:19am May 3, 2009 8:19am
Quoting StarChild
Thanks Malcolmb..I'm new to these fib patterns..this is what I found.
,the search pattern indicator shows this as one possibility for euryen:
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  • #174,670
  • May 3, 2009 8:28am May 3, 2009 8:28am
Quoting pagiygglp
i'm so happy

http://i288.photobucket.com/albums/l..._2008/gj-9.gif

there are so many things wrong with this ....

and right

right ....great sell .

wrong gj is still in strong up trend , they are doing everything they can to prop the market up right now , gj retraces this week have been limited . last time we moved like this on an 8 hour chart it went 1500 pips .. that takes us to 153 . Why would the move be truncated ? Is there any news that suggests this ? if any thing the reason the stress tests have been postponed is so that the 9 banks that are lacking capitol can raise it somehow or fudge it so they look ok.

Early this week a few traders were all over the set up I use on my charts as I make ok trades and forexlion was doing well that one day with the RSX ( any indicator would have worked Thursday due to ranging conditions). One of the reason I do ok in at this game is that I understand how the markets works most of the time and understand price action and the games that are played.

If this trade was a day trade great , but why hold something over the weekend that is in such a strong up trend ? and one can CLEARLY see form the price action in both GJ and the INDEXES that they are doing every thing they can to support the market.

Last up move lasted 5 days , this one is only 3 and Friday closed very close to high of day , why try to guess the top of a market ? There are NO bearish signals yet on higher time frames other than a slight overbought in some indicators. These can come out of that condition on a 1 hour chart if gj goes sideways for a bit . Monday / Tuesday may be pivot high on daily gj

The supposed gap down shown on weekend feeds has to be justified .... have you seen any major news items to cause this NO . Remember last weekend or one before there was 700 pip down in the over the weekend feeds ? and price opened where it closed.

all i can say is I hope you have a stop loss that works for your money management
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  • #174,671
  • May 3, 2009 8:33am May 3, 2009 8:33am
Quoting malcolmb14
there are so many things wrong with this ....

and right

right...

in fact gj moving up in box consolidation then up she goes. This sideways move has given rsx time to drop ready for next 250 pip run up

friday was may day holiday in europe , hence the lower volume in US session Frdiay

any retrace will not go under 147 if this move is to continue to 150 / 153

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  • #174,672
  • May 3, 2009 8:36am May 3, 2009 8:36am
Quoting malcolmb14
in fact gj moving up in box consolidation then up she goes. This sideways move has given rsx time to drop ready for next 250 pip run up

friday was may day holiday in europe , hence the lower volume in US session Frdiay

any retrace will not go under 147 if this move is to continue to 150 / 153

Attachment
i am going with malcolm on this one...
  • #174,673
  • May 3, 2009 8:46am May 3, 2009 8:46am
may be going up to 151.50 make double top, than going down ...
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newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #174,674
  • May 3, 2009 8:49am May 3, 2009 8:49am
SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL

GJ will either gap open below 146 or will crash right from the market open.

the GJ futures are currently trading at 145.70
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  • #174,675
  • May 3, 2009 9:16am May 3, 2009 9:16am
Quoting GodfreyH
,the search pattern indicator shows this as one possibility for euryen:
Thanks Godfrey...appreciate your input
  • #174,676
  • May 3, 2009 9:25am May 3, 2009 9:25am
http://www.ft.com/cms/s/0/6e095bc8-3...44feabdc0.html
  • #174,677
  • May 3, 2009 9:26am May 3, 2009 9:26am
Quoting malcolmb14
could also be an abc bearish pattern that one can apply fib extensions to .

Attachment
HMMMM.. I'm just confused! Not enough experience with these patterns..I see a butterfly pattern also.. all leading to a drop then up as we expect.
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File Type: pdf GFT-Butterfly-Bearish.pdf   195 KB | 3,104 downloads
File Type: pdf GFT-Butterfly-Bullish.pdf   203 KB | 3,264 downloads
  • #174,678
  • May 3, 2009 9:41am May 3, 2009 9:41am
Quoting forexlion
SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL

GJ will either gap open below 146 or will crash right from the market open.

the GJ futures are currently trading at 145.70


look to my earlier posting ....

WHAT IS THE NEWS TO DRIVE THIS ? gj does not dro for now reason , weekend feeds unreliable. I had odd 200 pip 3 mion candle late friday on esignal .

Remeber 2 weekends ago - 700 pips then it opened with a 40 pip gap ?
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  • #174,679
  • May 3, 2009 9:43am May 3, 2009 9:43am
hi guys...

long time no update my chart... just my personal preview at geppy daily chart i believe that market wanna continue... bullish again this week to completed subwave v or a (153.60)...wish me luck ..
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  • #174,680
  • May 3, 2009 9:44am May 3, 2009 9:44am
Quoting Estero
http://www.ft.com/cms/s/0/6e095bc8-3...44feabdc0.html


so that tells me if gap down by snot out of it .... Nikkei should rip up and not often i have seen gj go opposite direction.

This may actually be GBPJPY bullish not bearish , however not sure what the implications are on this news on JPY demand
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