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

  • #182,921
  • Jun 23, 2009 7:41am Jun 23, 2009 7:41am
Quoting janela
Mate your call has been spot on - onya
thanks mate..
  • #182,922
  • Jun 23, 2009 7:46am Jun 23, 2009 7:46am
Azibi,
On the news here in the US last night,Chrysler-GM calling hundreds of workers back in to work? I don't know...
  • #182,923
  • Jun 23, 2009 7:57am Jun 23, 2009 7:57am
Seemed to be alot of momentum in the downmove, looks like sellers could be back in control. Also checkout that 4 hour pin bar
  • #182,924
  • Jun 23, 2009 8:13am Jun 23, 2009 8:13am
Quoting Macedonia
Fusion just a little hick up because gbp news came out only slightly better than expected. nothing to do with apetite for buying.but if you want to long, go for it. i don't mind taking your money.dont guess the bottom man.
Quoting Macedonia
Fusion just a little hick up because gbp news came out only slightly better than expected.

====> It was not because of the news that I said it will go up 200 pips. If you look at 30min chart, you can clearly see (as I stated in my post) that BUYERS HIT IT on 2 occasions. As Malc. alwyas says (amd I firmly believe in that): news is only created to manipulate the market...what is news anyway? the result of running some statistical procedure on a bunch of numbers....i.e. they can announce it the moment that the process is over...You should ask yourself...
====> PA spoke for itself...By the way sorry for saying 200 pips up move... I was wrong...IT WENT UP 270 pips !!!
  • #182,925
  • Jun 23, 2009 8:47am Jun 23, 2009 8:47am
Quoting Fusion
====> PA spoke for itself...By the way sorry for saying 200 pips up move... I was wrong...IT WENT UP 270 pips !!!
I take my hat of to yah. you got it corect this time. but it's clear which direction the trend is going this last couple of days. and each time price ralied from the points you mentioned, price whent lower. so very risky entering long unless you are prepared for drawdowns. Any way, when the GBP news came out (i was watching both chart + news) the price moved up with in 20 seconds of the breaking news. was it a coinsidence? mabe. But once again well done if you made money on that retrace.
  • #182,926
  • Jun 23, 2009 9:27am Jun 23, 2009 9:27am
Very ugly PA on GJ and GU, GU has broken the DP and the daily high as well
  • #182,927
  • Jun 23, 2009 9:34am Jun 23, 2009 9:34am
Why GJ and EJ is going down?? It should be going to the North. Who knows please respond
  • #182,928
  • Jun 23, 2009 9:44am Jun 23, 2009 9:44am
Quoting yorkie
Why GJ and EJ is going down?? It should be going to the North. Who knows please respond
pray tell why should it be going north?
  • #182,929
  • Jun 23, 2009 9:54am Jun 23, 2009 9:54am
From the fibbonacci GJ should be goes to the north to 157,5 from the chart 1h. And now it move right way, I'm not sure about EJ but should be goes north to min 135,00, we will see.
  • #182,930
  • Jun 23, 2009 10:02am Jun 23, 2009 10:02am
Quoting yorkie
From the fibbonacci GJ should be goes to the north to 157,5 from the chart 1h. And now it move right way, I'm not sure about EJ but should be goes north to min 135,00, we will see.
Just because the chart enters the fibo levels doesn't mean that it should inherently go back to the 61.8 level. Maybe this picture should help you.

hey look, price has retraced back into the fibo levels, its touched 38.2 at 214.95. That means it must hit the 61.8 level at 228.75 right........right.......... margin called.

all too unfortunate that so many people got caught in that huge trap back last year.


Lesson of the day. Price doesn't have anywhere where it should go. All we traders can do is try to catch some of its movements.
Attached Image (click to enlarge)
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  • #182,931
  • Jun 23, 2009 10:04am Jun 23, 2009 10:04am
Q, u out there?
  • #182,932
  • Jun 23, 2009 10:07am Jun 23, 2009 10:07am
I'm using 1h chart so from this chart max is 159,55 and min is 154,04, for 1w You have right. Regards
  • #182,933
  • Jun 23, 2009 10:09am Jun 23, 2009 10:09am
i will admit though i am very puzzled about tonight's sudden drop in the USDX.

Equity markets is having a white noise day but carry seems to be the flavour for some reason
  • #182,934
  • Jun 23, 2009 10:09am Jun 23, 2009 10:09am
Piters, let Q know I am looking for him. need his opinion
  • #182,935
  • Jun 23, 2009 10:10am Jun 23, 2009 10:10am
Quoting vinesh2
Piters, let Q know I am looking for him. need his opinion
I think he is still watching Funny Videos.. but I'll let him know
  • #182,936
  • Jun 23, 2009 10:12am Jun 23, 2009 10:12am
Quoting Eulogy
pray tell why should it be going north?

gj tame today ... GU has been insane , look like it is heading to 6500 test , major wall of buyers 6250.
Blogging daily now at www.volume.zone
  • #182,937
  • Jun 23, 2009 10:12am Jun 23, 2009 10:12am
Getting whipped out on my UCAD. Bloddy thing was all bulls but now a short squeeze in play wondering if its a real thing or a fake move testing patience
  • #182,938
  • Jun 23, 2009 10:13am Jun 23, 2009 10:13am
Job losses per month are only in the 300k per month rather than the 600k's. But I agree with you fxgrnwise that things are bottoming out.

Quoting fxgrnwise
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.
  • #182,939
  • Jun 23, 2009 10:15am Jun 23, 2009 10:15am
Quoting Eulogy
i will admit though i am very puzzled about tonight's sudden drop in the USDX.

Equity markets is having a white noise day but carry seems to be the flavour for some reason

easy to exalpin ... where did the sudden drop come from in equities ?

well usd likely got stronger due to recent rumblings on bond yields heading up , and the expectation of interest rate hike form the feds .

The housing data todfay liekly stopped that rumour.... if fgeds rasie rates they will crush the housing market.

Had the housing data today been good the usd might have gained more strenght.

There is a very clear accumulation of GU at 6250 ....

I am taking it day by day ... some day 50 pips , some day 400 - 500 pips. GJ in us session alone 150 down 150 up ...who really needs swing trading !!
Blogging daily now at www.volume.zone
  • #182,940
  • Jun 23, 2009 10:19am Jun 23, 2009 10:19am
Quoting malcolmb14
easy to exalpin ... where did the sudden drop come from in equities ?

well usd likely got stronger due to recent rumblings on bond yields heading up , and the expectation of interest rate hike form the feds .

The housing data todfay liekly stopped that rumour.... if fgeds rasie rates they will crush the housing market.

Had the housing data today been good the usd might have gained more strenght.

There is a very clear accumulation of GU at 6250 ....

I am taking it day by day ... some day 50 pips , some day 400 - 500 pips. GJ in us session...
mate i see that 6250 wall just like i see that 6500 wall of sellers as well. Just wasn't expecting to see a jump from either sides of the walls in just a few short hours, especially in such a flat market.
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