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

  • #182,901
  • Jun 23, 2009 6:47am Jun 23, 2009 6:47am
Is this a bear flag ?
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  • #182,902
  • Jun 23, 2009 7:24am Jun 23, 2009 7:24am
Hi Piters. What are your thoughts on this PA. Just a retrace before the next down to 15050. Or are we back up to 162?
  • #182,903
  • Jun 23, 2009 7:29am Jun 23, 2009 7:29am
Quoting gillybabe
Hi Piters. What are your thoughts on this PA. Just a retrace before the next down to 15050. Or are we back up to 162?
I think, Gillybabe, that a lot of people are getting burried by gbp/yen now.......
It becomes like flipping a coin......
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  • #182,904
  • Jun 23, 2009 7:40am Jun 23, 2009 7:40am
What do you think about short @ 157.4 - 158.4?
  • #182,905
  • Jun 23, 2009 7:49am Jun 23, 2009 7:49am
I see a buy at 156.29 and a TP 156.70, right near the daily pivot.. anyone with any feedback on this?
Time flies like an arrow; fruit flies like a banana.
  • #182,906
  • Jun 23, 2009 8:19am Jun 23, 2009 8:19am
Quoting Bwana
I see a buy at 156.29 and a TP 156.70, right near the daily pivot.. anyone with any feedback on this?
well, it has already moved up 200 points since the bottom today and supposedly this is a correction in a bear market,,,,,so I not see a very good risk/reward ratio here, but thats just my opinion.....
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  • #182,907
  • Jun 23, 2009 8:24am Jun 23, 2009 8:24am
Quoting gillybabe
Hi Piters. What are your thoughts on this PA. Just a retrace before the next down to 15050. Or are we back up to 162?
Quoting Piters
Im not a divergence trader.. but your post is very simmilar to what I expect.

H.S NL breaks on second or third time, after a usual bounce to F38 or F62

there is a lot of confluences here on those levels 154.60-80, but also. we have to be carefull with the preassure.. -big at this moment..

I think we are heading down to 150.50 .. from what I see.. the retrace was expected.. we retraced to 4h- 5sma and FIBO 50 to 158.80

the Report on existing HOME sales is important.. IF extremly good.. can move price Up to 157.70 - 158.40.. but is not a big difference, WE are drifting DOWN
  • #182,908
  • Jun 23, 2009 8:37am Jun 23, 2009 8:37am
Quoting Piters
I think we are heading down to 150.50 .. from what I see.. the retrace was expected.. we retraced to 4h- 5sma and FIBO 50 to 158.80

the Report on existing HOME sales is important.. IF extremly good.. can move price Up to 157.70 - 158.40.. but is not a big difference, WE are drifting DOWN
http://www.forexfactory.com/showpost...stcount=182721

150.50 will be my last pit stop...and if tonight she close below 154...mm 148/147.50 look possible by end week or next week game..
  • #182,909
  • Jun 23, 2009 8:39am Jun 23, 2009 8:39am
Very likely the homesales figures will print a very good number, all lied of course. It surprises me though that everytime the Statistics Buro comes up with polished figures the markets just buy it instead of being somewhat more
sceptical! For the moment I don't see anything drifting down, instead I see up up and more up! Hope you are right though as I am very short at 155,70
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  • #182,910
  • Jun 23, 2009 8:45am Jun 23, 2009 8:45am
Quoting azibi
Very likely the homesales figures will print a very good number, all lied of course. It surprises me though that everytime the Statistics Buro comes up with polished figures the markets just buy it instead of being somewhat more
sceptical! For the moment I don't see anything drifting down, instead I see up up and more up! Hope you are right though as I am very short at 155,70
passion is virtual..i tought u are ex pro...
should not behave like this ..
so do not give up..keep it up
  • #182,911
  • Jun 23, 2009 8:50am Jun 23, 2009 8:50am
Quoting grashid
passion is virtual..i tought u are ex pro...
should not behave like this ..
so do not give up..keep it up
Even retired pro's get frustrated and annoyed from time to time lol
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  • #182,912
  • Jun 23, 2009 8:52am Jun 23, 2009 8:52am
Quoting azibi
Even retired pro's get frustrated and annoyed from time to time lol
....
i just take my week rest by looking my last pit stop..good luck
  • #182,913
  • Jun 23, 2009 8:55am Jun 23, 2009 8:55am
My ii may has been achieved, even it can be further up. To answer this question, you may ask yourself, do you have a courage to go long for an upper target of retracement? If you do, go for it..even it is a scary optimistic answer.For current sentiment I would rather go sell any "rally"..at least at the moment.
Anyway you may opt for bullish idea as your analysis.
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  • #182,914
  • Jun 23, 2009 9:04am Jun 23, 2009 9:04am
4.77M less than expected. Watch them gloss over this saying that at least its not 0 home sales this month. Moreover than not i'm expecting those policymakers latch onto the extremely volatile HPI m/m result to say. "I told ya so, I told ya. The housing market is bottoming. It only fell 0.1% this month"
  • #182,915
  • Jun 23, 2009 9:07am Jun 23, 2009 9:07am
Quoting Dat7447
My ii may has been achieved, even it can be further up. To answer this question, you may ask yourself, do you have a courage to go long for an upper target of retracement? If you do, go for it..even it is a scary optimistic answer.For current sentiment I would rather go sell any "rally"..at least at the moment.
Anyway you may opt for bullish idea as your analysis.
mine too...
you are spot on mate...
  • #182,916
  • Jun 23, 2009 9:08am Jun 23, 2009 9:08am
Quoting Eulogy
4.77M less than expected. Watch them gloss over this saying that at least its not 0 home sales this month. Moreover than not i'm expecting those policymakers latch onto the extremely volatile HPI m/m result to say. "I told ya so, I told ya. The housing market is bottoming. It only fell 0.1% this month"
Well I don't think it is bottoming, it will go much lower after summer.....
but again, as i said earlier, polished figures as usual....everything to help the stock market!
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  • #182,917
  • Jun 23, 2009 9:25am Jun 23, 2009 9:25am
In regards to the US housing market, what didn't help was them raising interest rates the last few weeks, the rates were really good 4.50-4.75 and a couple of weeks ago due to not so good bond sales they raised the rates up to 5.00-5.25 over night. They need to be lowered to help push the economy back up,stimulate home buying.(We are in the mortgage business in the US)
  • #182,918
  • Jun 23, 2009 9:32am Jun 23, 2009 9:32am
Quoting Piters
mine too...
you are spot on mate...
Mate your call has been spot on - onya
  • #182,919
  • Jun 23, 2009 9:32am Jun 23, 2009 9:32am
Quoting fxgrnwise
In regards to the US housing market, what didn't help was them raising interest rates the last few weeks, the rates were really good 4.50-4.75 and a couple of weeks ago due to not so good bond sales they raised the rates up to 5.00-5.25 over night. They need to be lowered to help push the economy back up,stimulate home buying.(We are in the mortgage business in the US)
But how will home sales structurally increase while 1000's US citizens lose their jobs every day? I think currently the only "increase" is thanks or due to
foreclosures.
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  • #182,920
  • Jun 23, 2009 9:39am Jun 23, 2009 9:39am
Azibi,
Yes alot of the sales are foreclosures there are alot of investors and first time buyers.If you have the money this is a good time to buy in the US.
You don't hear of loss of jobs here every day like a few months ago. I'm not saying the worse is over but it has stabled out for the moment.
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