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

  • #186,181
  • Jul 28, 2009 7:07am Jul 28, 2009 7:07am
OK, so we have a close below the 4hr Gann and slightly below a long term Fib. This was brought down primarily by a drop in U/Y with some weakness from the G/U as well, but G/U is showing a huge bearish divergence on the 4hr MACD as well. I think that is next to drop bringing back the bears for G/Y in a big way.

IMHO
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  • #186,182
  • Jul 28, 2009 7:11am Jul 28, 2009 7:11am
Quoting bluemax
OK, so we have a close below the 4hr Gann and slightly below a long term Fib. This was brought down primarily by a drop in U/Y with some weakness from the G/U as well, but G/U is showing a huge bearish divergence on the 4hr MACD as well. I think that is next to drop bringing back the bears for G/Y in a big way.

IMHO
GJ dance more, daily still strong up, when daily down, GJ cry, till then dance dance [ range trading]
  • #186,183
  • Jul 28, 2009 7:13am Jul 28, 2009 7:13am
Quoting forexlion
GJ dance more, daily still strong up, when daily down, GJ cry, till then dance dance [ range trading]
Agree we will see some ranging as G/U slowly turns over and U/Y bounces up a bit, but I believe this will become a turing point ultimately although I could be wrong. The rest of the week will tell the story. (The S&P is also indicating a negative open...more down for G/Y today if it continues after the NY opening)
  • #186,184
  • Jul 28, 2009 7:18am Jul 28, 2009 7:18am
Quoting forexlion
GJ dance more, daily still strong up, when daily down, GJ cry, till then dance dance [ range trading]
There was no close above the 157 resistance so far (even though there were several attempts), so expect this pair to drop even more...

Plus, there will be some profit taking in the stock markets which support the Yen. Add to that the weak GBP numbers and upcoming weak consumer confidence...
  • #186,185
  • Jul 28, 2009 7:26am Jul 28, 2009 7:26am
Quoting Xaron
There was no close above the 157 resistance so far (even though there were several attempts), so expect this pair to drop even more...

Plus, there will be some profit taking in the stock markets which support the Yen. Add to that the weak GBP numbers and upcoming weak consumer confidence...
untill 155.63 breaks this month of July, if ju stop dancing GJ will make ju dance
  • #186,186
  • Jul 28, 2009 7:27am Jul 28, 2009 7:27am
Quoting forexlion
untill 155.63 breaks this month of July, if ju stop dancing GJ will make ju dance
155.63 is no resistance at all. You'll see. Watch the lows around 152.50...
  • #186,187
  • Jul 28, 2009 7:34am Jul 28, 2009 7:34am
Am so scared and worried that i cant even predict the price movement 20% correctly again. This is the worse i ve been for a longtime. Can someone give nu ideas? I think Gbp/yen is gonna go up but all the indications i have, inside bars abd other things are failing . price actions is even going against me..is a very frustrating day am really angry.
  • #186,188
  • Jul 28, 2009 7:35am Jul 28, 2009 7:35am
Xaron. Good to see you here.
  • #186,189
  • Jul 28, 2009 7:36am Jul 28, 2009 7:36am
Quoting forexlion
untill 155.63 breaks this month of July, if ju stop dancing GJ will make ju dance
154.90- 154.00.. TILL THEN STILL bULLISH..

Same view.. let her dance more..
Markets are not Random, they are designed!
  • #186,190
  • Jul 28, 2009 7:38am Jul 28, 2009 7:38am
Quoting excaliba007
Am so scared and worried that i cant even predict the price movement 20% correctly again. This is the worse i ve been for a longtime. Can someone give nu ideas? I think Gbp/yen is gonna go up but all the indications i have, inside bars abd other things are failing . price actions is even going against me..is a very frustrating day am really angry.
for that only we have stop loss placed. i do forget to put it
  • #186,191
  • Jul 28, 2009 7:40am Jul 28, 2009 7:40am
I am bullish biased on GJ till 155 is not taken out i am looking to buy from 155.50-155.70 area with sl below 155.05 Anticipating bounce from 4 hr 50 ema and with 4 hr gann hilo in the vicinity further drop looks unlikely.
  • #186,192
  • Jul 28, 2009 7:40am Jul 28, 2009 7:40am
Dear bulls, no offense, but after 11(12?) days of stock raises without any retracement, almost every optimism is priced in and even more. I think we'll see pure panic the next days. Not a crash but a decent drop.

It just has started...

Look, another thing is that there we have the end of Q2. So all uber positive earning results are now priced in. Just a small bad news will send this pair to hell.

There will be more profit taking as Q2 ends (like I said). And the big funds want to show some green numbers.
  • #186,193
  • Jul 28, 2009 7:41am Jul 28, 2009 7:41am
Quoting ukdaytrader
Xaron. Good to see you here.
HA! Thanks.
  • #186,194
  • Jul 28, 2009 7:44am Jul 28, 2009 7:44am
Quoting Xaron
Dear bulls, no offense, but after 11(12?) days of stock raises without any retracement, almost every optimism is priced in and even more. I think we'll see pure panic the next days. Not a crash but a decent drop.

It just has started...

Look, another thing is that there we have the end of Q2. So all uber positive earning results are now priced in. Just a small bad news will send this pair to hell.

There will be more profit taking as Q2 ends (like I said). And the big funds want to show some green numbers.
i have been thinking this as well, eveyrthing flying up, created a nice big bubble and it wont take much of a pin to pop it. hopefully it tanks back to 152 at least.
  • #186,195
  • Jul 28, 2009 7:54am Jul 28, 2009 7:54am
heres my chat , im still bullish on this week

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  • #186,196
  • Jul 28, 2009 8:03am Jul 28, 2009 8:03am
Quoting Xaron
Dear bulls, no offense, but after 11(12?) days of stock raises without any retracement, almost every optimism is priced in and even more. I think we'll see pure panic the next days. Not a crash but a decent drop.

It just has started...

Look, another thing is that there we have the end of Q2. So all uber positive earning results are now priced in. Just a small bad news will send this pair to hell.

There will be more profit taking as Q2 ends (like I said). And the big funds want to show some green numbers.
What i am looking is that MOnthly gann is crossed down and if we close at these levels the price will be closing above monthly gann which is very bullish sign with QQE already crossed up we will be due for a major bulllish move towards 175 area .That does not mean we cant retest 153 area or even 151 .Having said that still some days for the month to end and a big Bear day this week can change scenario.
  • #186,197
  • Jul 28, 2009 8:05am Jul 28, 2009 8:05am
Quoting forexlion
what did ju do, GJ phail down
Hello Jerry seinfeld you try to hard at times to be funny and don't, you are straining and might hurt your self lol. anyway..... i meant that post re PA as a tongue in cheak comment. i did say people will slam me for having no respect on PA and gave examples of bullish candle formations and shapes and colours. And this being the case, i chalenged people to answer why this should not go up. Trying to start a healthy discusion re PA. And look now, suprise suprise, does not look good for bulls and i am aware that the day is not over yet, there is still a chance for it to rocket. But i will cut to the chase, and say, in this manipulated market, don't trust pa at this moment because if it goes wrong, it can go horibly wrong. to many times i hear about pa will show me the way, and many times i hear this pa sucks. Oh yeh and one last thing lion, please don't show charts in hind sight because realy, it's to late.

PS: why are'nt you at the gu thread? to boring ha.
  • #186,198
  • Jul 28, 2009 8:15am Jul 28, 2009 8:15am
people can be as bullish as they like but the facts are, stocks have been flying for 2 weeks as if recession is over, and the yen crosses simply havent followed, there obviously hasnt been much buying interest, if theres no buying interest then its going to drop, theres nothing to hold it up. when stocks give back some of those huge gains, the yen crosses will probably drop like a rock, and itll probably happen this week.

if the consumer sentiment comes out worse than expected watch it tank. although i have a strong feeling itll be better than expected rather than worse (but might still tank anyway after a quick spike up to catch people)

(notice i say 'probably', i make no absolute statements since i am not psychic and am usually wrong )
  • #186,199
  • Jul 28, 2009 8:24am Jul 28, 2009 8:24am
Quoting Macedonia
Hello Jerry seinfeld you try to hard at times to be funny and don't, you are straining and might hurt your self lol. anyway..... i meant that post re PA as a tongue in cheak comment. i did say people will slam me for having no respect on PA and gave examples of bullish candle formations and shapes and colours. And this being the case, i chalenged people to answer why this should not go up. Trying to start a healthy discusion re PA. And look now, suprise suprise, does not look good for bulls and i am aware that the day is not over yet, there...
me go where pa go, me slam eu today
  • #186,200
  • Jul 28, 2009 8:27am Jul 28, 2009 8:27am
I'm almost all in short now (avg @156.55)...

First target 155.30. Might hold for the moment, we'll see.
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