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

  • #175,281
  • May 6, 2009 10:51am May 6, 2009 10:51am
Quoting GodfreyH
CABLE: I've been playing this trendline for sometime now, but I feel we must now soon part company The bounces are getting less and the highs are getting lower.

.
Seems to me to be in what is referred to as no mans land. Has just as much chance as moving to 152 as 145 based on your chart if you draw a top trend line in.
  • #175,282
  • May 6, 2009 11:05am May 6, 2009 11:05am
Quoting currencyexch
Seems to me to be in what is referred to as no mans land. Has just as much chance as moving to 152 as 145 based on your chart if you draw a top trend line in.
this is the period where we go sideways..keep out or join malcomb in the middle
Imanuel Parsifal
  • #175,283
  • May 6, 2009 11:17am May 6, 2009 11:17am
Quoting malcolmb14
I think 151 test .

there has to be top of the market sometime ,

remember last time we were in the 147 to 149 range we bounced around in there for days , seems the same thing is going on now.
I don't see 151.00 anyway ... I've seen lots of bear pressure today. Specially from VSA point of view those sharp green candles (15m chart) were followed by lower vol compared to those sharp red candles. I think green candles were rather bull's remnants or their last steams.

I expect another high or may be two (on 15m chart again) may be around 149.40 - 50 before bears start their pressure again.

I'm buying dips right now but if I see a lower high or a double top or something in between 149.50 - 150.00 max, I'll start to build my shorts.

BTW if we break 150.00 by the weekend then it will be another story.
Discipline + Patience - Fear - Greed = Success
  • #175,284
  • May 6, 2009 11:21am May 6, 2009 11:21am
Quoting GodfreyH
CABLE: I've been playing this trendline for sometime now, but I feel we must now soon part company ...
I'm with you totally. I'm also waiting for any sign of bear pressure with GU to start opening heavy shorts too because those lower highs concern me.
Discipline + Patience - Fear - Greed = Success
  • #175,285
  • May 6, 2009 11:21am May 6, 2009 11:21am
Quoting GodfreyH
CABLE: I've been playing this trendline for sometime now, but I feel we must now soon part company ...
GU is just getting more steam for a final move up before reversal; we might have 1.533 as a final push up IMHO
  • #175,286
  • May 6, 2009 11:23am May 6, 2009 11:23am
Quoting GodfreyH
CABLE: I've been playing this trendline for sometime now, but I feel we must now soon part company ...
GU is getting more steam for a final push up to 1.533 before reversal IMHO
  • #175,287
  • May 6, 2009 11:33am May 6, 2009 11:33am
Quoting Estero
there's never a dull moment in here, only a dull mkt


the 3 of them forgot one thing

racial comments are never welcome anywhere, rest everything is ok, but racial comments will not be tolerated.
  • #175,288
  • May 6, 2009 11:35am May 6, 2009 11:35am
Quoting arezab
I'm with you totally. I'm also waiting for any sign of bear pressure with GU to start opening heavy shorts too because those lower highs concern me.
yes bro!!have been shortin from 149.70area..all through i have 5short's from there now with 10pips loked in...waiting to reload at 145..on a mission to 118and below
Imanuel Parsifal
  • #175,289
  • May 6, 2009 11:39am May 6, 2009 11:39am
Quoting sycho
yes bro!!have been shortin from 149.70area..all through i have 5short's from there now with 10pips loked in...waiting to reload at 145..on a mission to 118and below
i am waiting for this pattern to break to confirm shorts, till then i am buying dips for small scalps.
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  • #175,290
  • May 6, 2009 11:40am May 6, 2009 11:40am
agree, now I can't wait for Mal to give us is score update
  • #175,291
  • May 6, 2009 11:40am May 6, 2009 11:40am
Don't fight the Fed . . . http://www.newyorkfed.org/markets/po...play/index.cfm.

That's fresh green going straight into the hands of the primary dealers. Stocks will continue to be propped up.
"Don't trade to trade . . . trade to win." - James16
  • #175,292
  • May 6, 2009 11:42am May 6, 2009 11:42am
Quoting Estero
agree, now I can't wait for Mal to give us is score update
mal is a gemstone, he is one of the best traders out there.
  • #175,293
  • May 6, 2009 11:43am May 6, 2009 11:43am
what a pair of muppets... you got to laugh
  • #175,294
  • May 6, 2009 11:44am May 6, 2009 11:44am
Quoting forexlion
mal is a gemstone, he is one of the best traders out there.
I know, no doubt, that's why I enjoy keeping track of his record
  • #175,295
  • May 6, 2009 11:55am May 6, 2009 11:55am
Quoting hazy
what a pair of muppets... you got to laugh
I would - except its not funny - just tragic.

I can understand why ppl like Karmo/Malc/Piters post less now.
  • #175,296
  • May 6, 2009 12:03pm May 6, 2009 12:03pm
Quoting stewrigh
I would - except its not funny - just tragic.

I can understand why ppl like Karmo/Malc/Piters post less now.
After 5 years in the mkt you're still awaiting for someone elses call, that's tragic, just get yourself a QQE and 50 ema lol
  • #175,297
  • May 6, 2009 12:29pm May 6, 2009 12:29pm
Quoting Estero
After 5 years in the mkt you're still awaiting for someone elses call, that's tragic, just get yourself a QQE and 50 ema lol
Actually if I or anyone else traded the calls made on this thread we'd be totally hedged. There is an almost equal number of short to long calls made at regular intervals.

But if you had an IQ you would already know that.

Like I said, tragic and very sad that this thread has gone so far down.

BTW. Don't bother replying you just joined all the other muppets on my ignore list.
  • #175,298
  • May 6, 2009 12:34pm May 6, 2009 12:34pm
Quoting arezab
I don't see 151.00 anyway ... I've seen lots of bear pressure today. Specially from VSA point of view those sharp green candles (15m chart) were followed by lower vol compared to those sharp red candles. I think green candles were rather bull's remnants or their last steams.

I expect another high or may be two (on 15m chart again) may be around 149.40 - 50 before bears start their pressure again.

I'm buying dips right now but if I see a lower high or a double top or something in between 149.50 - 150.00 max, I'll start to build my shorts.

BTW...

I agree we are seeing some distribution up here.

Ithe move to 151 will be a fast up move ... maybe during London as they seem to be buying dips.

i am enjoying the ranging conditions
Blogging daily now at www.volume.zone
  • #175,299
  • May 6, 2009 12:37pm May 6, 2009 12:37pm
Quoting sycho
yes bro!!have been shortin from 149.70area..all through i have 5short's from there now with 10pips loked in...waiting to reload at 145..on a mission to 118and below
wow ..
Discipline + Patience - Fear - Greed = Success
  • #175,300
  • May 6, 2009 12:40pm May 6, 2009 12:40pm
If dips are being bought seems like a good spot here to 148.20 since the pair is hovering at bottom trend line on the 1hr chart
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