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

  • #178,161
  • May 19, 2009 6:53pm May 19, 2009 6:53pm
Quoting DiemTrader
And with some terrible JPY GDP data.....off we go (hopefully)
OK, maybe not....
  • #178,162
  • May 19, 2009 6:59pm May 19, 2009 6:59pm
Yeah, .05 or so and we're back down a bit.... this lovely lady is a mystery girl, isn't she?

Regards, Kenfen
  • #178,163
  • May 19, 2009 7:24pm May 19, 2009 7:24pm
Looking to go long 148.36 anyone else think that with a target of 151
  • #178,164
  • May 19, 2009 7:43pm May 19, 2009 7:43pm
Quoting Kenfen FX
Yeah, .05 or so and we're back down a bit.... this lovely lady is a mystery girl, isn't she?

Regards, Kenfen

definatley some intrest there id' wait for a few min bars to develop first mate, today is a buy day If strong bullish psychology still in affect she should show her face soon enogh and u wont be missing out, but if they want cheaper positioning u get a better price
"Millionaires don't use astrology, billionaires do"
  • #178,165
  • May 19, 2009 8:17pm May 19, 2009 8:17pm
Quoting grashid
If not will hit all my SL@150...

See you guys in asian session...

Happy green pips to all in NY session...

http://www.forexfactory.com/showpost...stcount=178117

Show time till London open...Let see how she play with....

Highlights
As expected, the first quarter gross domestic product data were dreadful. GDP plunged 4.0 percent when compared with the previous quarter and sank 9.7 percent when compared with the previous year. On an annualized basis, GDP plummeted 15.2 percent. For the fiscal year which ended on March 31, GDP declined by 3.5 percent. What make matters even worse were the downward revisions to fourth quarter data. Fourth quarter GDP was revised to a decline of 3.8 percent from the previous estimate of a 3.2 percent drop. The worst ever quarter for the Japanese economy previously was a 3.4 percent drop at the beginning of 1974.

All private sectors of the economy declined with the only minimal gains coming from government consumption. Private demand contracted by 3.4 percent on the quarter. Private nonresidential investment contracted by a further 10.4 percent on the quarter after contracting 6.7 percent in the previous quarter. Private residential investment dropped 5.4 percent after growing by 5.5 percent in the previous quarter.

The simultaneous recessions in the industrial economies has amplified the depth of this recession to make it the worst in Japan's post war history. And the political impasse has left domestic policy dependent on the global recovery. While domestic consumption is showing a slight revival, cuts in household income due to rising unemployment and wage restraint is working against a domestic recovery. And the public sector is constrained by massive debt.
  • #178,166
  • May 19, 2009 8:27pm May 19, 2009 8:27pm
Quoting grashid
http://www.forexfactory.com/showpost...stcount=178117

Show time till London open...Let see how she play with....

Highlights
As expected, the first quarter gross domestic product data were dreadful. GDP plunged 4.0 percent when compared with the previous quarter and sank 9.7 percent when compared with the previous year. On an annualized basis, GDP plummeted 15.2 percent. For the fiscal year which ended on March 31, GDP declined by 3.5 percent. What make matters even worse were the downward revisions to fourth quarter...
I believe GJ will continue the fall because of above and US futures are also dropping. However, Asian market is insiginficant and would wait until London opens.
  • #178,167
  • May 19, 2009 8:32pm May 19, 2009 8:32pm
Quoting janela
I believe GJ will continue the fall because of above and US futures are also dropping. However, Asian market is insiginficant and would wait until London opens.
usually as what Piter always say..London is the best to see the PA react...Russian basicly for retrecement point...see what happen till London open...good luck...
  • #178,168
  • May 19, 2009 8:56pm May 19, 2009 8:56pm
So has noob-lion shown himself since he was found out by the astute piters ?
lol hopefully we've lost him forever

Maybe this thread can get back on track
  • #178,169
  • May 19, 2009 8:57pm May 19, 2009 8:57pm
Short GJ from 148.5 break of triangle target 146.7, wish me luck
  • #178,170
  • May 19, 2009 9:21pm May 19, 2009 9:21pm
Coming along nicely
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 38 KB
  • #178,171
  • May 19, 2009 9:25pm May 19, 2009 9:25pm
Nice drop, I got some of it, but oh well, I'll survive to trade another day... always another move to go after.

I hate trading Asia... London, that's my slot....

Regards, Kenfen
  • #178,172
  • May 19, 2009 9:30pm May 19, 2009 9:30pm
Quoting JhonMonsalve
Bro, I'm on the same fly, I mean, big TF's are the key, I only search for big TF's: Monthly, Weekly and Daily to take a position, I'm short biased for now, look @Monthly candle on Geppy:

Attachment

Besides, I see a lower highs from past candle:

Attachment

I'm short biased for many reasons:

1 - Weekly bearish engulfing.
2 - GJ flip with daily Gann today and close below of it

Attached Image (click to enlarge)
Click to Enlarge Name: gjd.gif Size: 30 KB


3 - Kinda triple top @1.49 - 1.50 & lower highs on Monthly candles...

First parade for down move, 38.2% fibo from last up move @147.10

Attached Image (click to enlarge)
Click to Enlarge Name: gjm1.gif Size: 22 KB


Let's see!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,173
  • May 19, 2009 9:39pm May 19, 2009 9:39pm
Nice analysis JhonMonsalve, i still have a hope for 156.5 to complete wave 4, but i trade what i see, and i see bears
  • #178,174
  • May 19, 2009 9:42pm May 19, 2009 9:42pm
Quoting cullian
Nice analysis JhonMonsalve, i still have a hope for 156.5 to complete wave 4, but i trade what i see, and i see bears
02:38 Nikkei Closes TSE AM Session Up, May Ease Later As Yen Rallies Tokyo, May 20. The Nikkei opened at 9372.72 and proceeded to rally to as high as 9399.40 very early on the TSE. It has since pared back gains seen earlier, trading down to 9314.72 and closing out the morning session just a bit higher at 9330.46, up 40.17 points or 0.43% on the day. JPY strength, especially on the crosses, could see the Nikkei fall off some more this afternoon, perhaps even below the 9300 level. This could, in turn, impact the JPY crosses, with cross players still keeping one eye on stock market moves. Most crosses have fallen this morning on an US investment bank recommendation to sell risk currencies irrespective of stock market buoyancy, and stock market declines this afternoon could see these crosses trade down even more.
  • #178,175
  • May 19, 2009 9:46pm May 19, 2009 9:46pm
Quoting cullian
Nice analysis JhonMonsalve, i still have a hope for 156.5 to complete wave 4, but i trade what i see, and i see bears
Thanks Sir! , I do the same, just trade my charts, and I see bears yet, but I'm flexible , 1.47 is a very strong support now!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,176
  • May 19, 2009 9:48pm May 19, 2009 9:48pm
Quoting JhonMonsalve
Thanks Sir! , I do the same, just trade my charts, and I see bears yet, but I'm flexible , 1.47 is a very strong support now!
all 3 yens on down side on Asian session
Attached Image (click to enlarge)
Click to Enlarge Name: yen3.jpg Size: 212 KB
prepare for worst & expect the best
  • #178,177
  • May 19, 2009 9:52pm May 19, 2009 9:52pm
Quoting JhonMonsalve
Thanks Sir! , I do the same, just trade my charts, and I see bears yet, but I'm flexible , 1.47 is a very strong support now!
Yeah, but this down trend is strong, may doji thru 1.47 on 1H and still hit my target.
  • #178,178
  • May 19, 2009 9:56pm May 19, 2009 9:56pm
And 147.2 is daily 5sma, keeping stops tight
  • #178,179
  • May 19, 2009 10:02pm May 19, 2009 10:02pm
Quoting cullian
And 147.2 is daily 5sma, keeping stops tight
Yes Cullian, many support for down move, but take a look to LFXJPY if yow want:

http://www.forexfactory.com/showpost...postcount=7770




This, support the down move in sushi pairs.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #178,180
  • May 19, 2009 10:06pm May 19, 2009 10:06pm
Quoting JhonMonsalve
Yes Cullian, many support for down move, but take a look to LFXJPY if yow want:

http://www.forexfactory.com/showpost...postcount=7770




This, support the down move in sushi pairs.
You think wave 5 down for new lows is coming?
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