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

  • #186,881
  • Jul 31, 2009 10:42am Jul 31, 2009 10:42am
Quoting rgitt05
Follow the GJ charts since Jan. 09 this year and the GJ never look back at the lows..So any stimulate news the feds are creating is good for the pump to the 10,000-12,000 mark the market is targeting

ok then if they announce another stimulus, you go long, ill go short
  • #186,882
  • Jul 31, 2009 10:49am Jul 31, 2009 10:49am
Keep going short now.. I hope you are taking notes from my last few post..

I trade for a living, so I am giving the board a stimulus setup now..






Quoting ewokuk
ok then if they announce another stimulus, you go long, ill go short
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  • #186,883
  • Jul 31, 2009 10:52am Jul 31, 2009 10:52am
Quoting rgitt05
Follow the GJ charts since Jan. 09 this year and the GJ never look back at the lows..So any stimulate news the feds are creating is good for the pump to the 10,000-12,000 mark the market is targeting


what u think abt this FTSE 100?
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MY OPINION NOT FINANCIAL ADVISE
  • #186,884
  • Jul 31, 2009 11:08am Jul 31, 2009 11:08am
I was looking at EU and it went up 160 pips, UJ fell about 150 pips and GU went up more than 200 pips. So the common factor in all these is the USD, what caused such weakness in the last few hours?
On a journey to consistency.
  • #186,885
  • Jul 31, 2009 11:10am Jul 31, 2009 11:10am
Based on the fundamentals today, GDP is out now and the market will take this news today as a bullish bias for next month..

GJ PA been holding up above the 157.00 level, so all the market PA will follow the trend and their market friends to pump this up higher..



Quoting donfriday
what u think abt this FTSE 100?
[
  • #186,886
  • Jul 31, 2009 11:50am Jul 31, 2009 11:50am
Quoting rgitt05
Based on the fundamentals today, GDP is out now and the market will take this news today as a bullish bias for next month..

GJ PA been holding up above the 157.00 level, so all the market PA will follow the trend and their market friends to pump this up higher..

This is all true but thats not to say I think, that there has to be a pull back in the very overbought markets before much more of a big up move. The traders on the floor are openly talking about it as well and think it really needs to happen soon. We shall see .
  • #186,887
  • Jul 31, 2009 11:53am Jul 31, 2009 11:53am
you know why GY didn't climb up at all after GU today because it smells that comeback is coming
ROBOT FOREX
  • #186,888
  • Edited 1:34pm Jul 31, 2009 11:59am | Edited 1:34pm
2 more hours till monthly candle closes. doesn't look very bullish to me so far ...
if we get a close below 156.54, it would be the first month to close lower than previous candle this year.

p.s. later edit: i meant, a close below 158.54.

Quoting rgitt05
Based on my last chart post..The bias is bullish for next month..

Minor PB's but I expect another month rally since DJ is above the 9,000 and the market is saying the GDP is better than first quarter.. If the feds plan another stimulus, than another big rally is around corner..

Anyway, the daily UTL is broken, the minor weekly UTL is broken, the monthly maybe be the factor for next month if it close as a pin bar or doji candle..

2.5 hrs to go for any good PA...

The last hour will tell how this month will end..

My bias is bullish all...
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Nihil Sine Deo.
  • #186,889
  • Jul 31, 2009 12:00pm Jul 31, 2009 12:00pm
With only a short while left in the market for the month, I thought Id post something for discussion, or not. It may speak for itself.


Doji and Trend

The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, or long white candlestick, a doji signals that the buying pressure is starting to weaken. After a decline, or long black candlestick, a doji signals that selling pressure is starting to diminish. Doji indicate that the forces of supply and demand are becoming more evenly matched and a change in trend may be near. Doji alone are not enough to mark a reversal and further confirmation may be warranted.
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  • #186,890
  • Jul 31, 2009 12:08pm Jul 31, 2009 12:08pm
50 mins to go and also don't forget the china Manufacturing PMI
tonight..Major PA over the weekend

Quoting Scrat
2 more hours till monthly candle closes. doesn't look very bullish to me so far ...
if we get a close below 156.54, it would be the first month to close lower than previous candle this year.
[
  • #186,891
  • Jul 31, 2009 12:09pm Jul 31, 2009 12:09pm
Quoting rgitt05
50 mins to go and also don't forget the china Manufacturing PMI
tonight..Major PA over the weekend
I still have 2 hours and waiting for brilliant spike on Manufacturing PMI on Monday
ROBOT FOREX
  • #186,892
  • Jul 31, 2009 12:11pm Jul 31, 2009 12:11pm
dj ....

lets see .. recession is over all over news again .

the markets went up based on FUMES !!!

of course unemployment claims ongoing dropped this month .. 16 weeks ago they were all time high in most states you can only claim for 16 weeks .. then you are on your own !!!!

note that unemploiyment claims have been progressively higher last three months.. EVERYONE SEEMS TO BE IGNORING THIS.

earnings all beat eps ... great .. my sons lemonade stand could beat BOA 27 cents per share eps expectations . Why BOA doing so well they cry about Tarp fee and closing 10 locations. and why if banking sector so great and recession over have 64 !!! yes 64 banks closed this year ...that is liekly equivalent to ALL bank closures in last 10 years in a 6 month period. Not only that most companines revenue down 30 % year over year ... really great for business that is

VISA had double profit this year .. not hard to work out why ..... those with out jobs are falling back on credit cards to live .... and liekly those with jobs are also . How else does VISA profit go up ?????

all the bad news being ignored right now is the perfect storm for market tankage within a 6 month period.

do people think that US will keep printing money ? what is worse delftion ( aka Japan ) or inflation ? they are not even getitng dividends from the companies they gave money to under the tarp , as the companies cannot afford the dividend . If they cannot afford the dividend does that mean that 460 billion of tarp money will never be paid back .. great investment for tax payers of the US !!!

here are 2 scenarios for DJ .. I vote 7500 ... october / nov this year


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  • #186,893
  • Jul 31, 2009 12:20pm Jul 31, 2009 12:20pm
Quoting Scrat
2 more hours till monthly candle closes. doesn't look very bullish to me so far ...
if we get a close below 156.54, it would be the first month to close lower than previous candle this year.
Funny we both had the same thoughts here. anyway..

But did you mean 158.54 instead of 156.54

158.54 is what my June close indicates
  • #186,894
  • Edited 9:40pm Jul 31, 2009 1:34pm | Edited 9:40pm
Usually I never leave trade open.. unless its a swing.. over the weekend.. have a sell from 158.30.

4 hr short term reversal

1 hr short Signal

Daily evening star or Spinning Top.. Dont know what that will do yet.. have to Open a BOOK.

Monthly...hmm.. PIN BAR= BULLISH.. OR A Hammer.. looks Bullish to me..( Next Bar up or down is gonna be HUge if not another

Doji).. looks Like they wanna take Dow to 12000...and Up

Question when they Ban Shorting... who in the right mind will be Buying.. or even Trading??
Markets are not Random, they are designed!
  • #186,895
  • Jul 31, 2009 1:41pm Jul 31, 2009 1:41pm
Quoting bluemax
With only a short while left in the market for the month, I thought Id post something for discussion, or not. It may speak for itself.


Doji and Trend

The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, or long white candlestick, a doji signals that the buying pressure is starting to weaken. After a decline, or long black candlestick, a doji signals that selling pressure is starting to diminish. Doji indicate that the forces of supply and demand are becoming more evenly matched and a change in...
it is a dragonfly doji indeed. if it does what its supposed to do then it should be down from here, its a bearish sign not bullish as raza says (all doji's are reversal signals which in this case means it is bearish). but thats a damn big IF.

also 1.6830 in GU is the 50% retrace from the big drop, could be resistance, if it breaks then up we go.
  • #186,896
  • Jul 31, 2009 1:50pm Jul 31, 2009 1:50pm
yeah, pretty much. but 7000 is kinda high for what i have in mind - how about 3000?

Quoting malcolmb14
dj ....

lets see .. recession is over all over news again .

the markets went up based on FUMES !!!

of course unemployment claims ongoing dropped this month .. 16 weeks ago they were all time high in most states you can only claim for 16 weeks .. then you are on your own !!!!

note that unemploiyment claims have been progressively higher last three months.. EVERYONE SEEMS TO BE IGNORING THIS.

earnings all beat eps ... great .. my sons lemonade stand could beat BOA 27 cents per share eps expectations . Why BOA doing so well they...
Nihil Sine Deo.
  • #186,897
  • Jul 31, 2009 1:50pm Jul 31, 2009 1:50pm
yes, my mistake, i meant 158.54. last month's close.

Quoting bluemax
Funny we both had the same thoughts here. anyway..

But did you mean 158.54 instead of 156.54

158.54 is what my June close indicates
Nihil Sine Deo.
  • #186,898
  • Jul 31, 2009 1:54pm Jul 31, 2009 1:54pm
Quoting ewokuk
it is a dragonfly doji indeed. if it does what its supposed to do then it should be down from here, its a bearish sign not bullish as raza says (all doji's are reversal signals which in this case means it is bearish). but thats a damn big IF.
I hope it is bearish I am short and planning on keeping it....Now if you look at the Monthly chart the Bottom Candle you see.. at that time too people were saying Bearish Doji.. Look what Happened we are 4200 pips up from there... This looks like an intervel... short break for Bull.Iam expecting it to be at 192xx by Year end.. from there Tank.

I am sure you have seen this kinda PIN BAR even on 5 min chart.. and Market takes off from there. I posted a Chart before... here you go... of course i could also be wrong.
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Markets are not Random, they are designed!
  • #186,899
  • Jul 31, 2009 1:57pm Jul 31, 2009 1:57pm
Quoting malcolmb14
dj ....

lets see .. recession is over all over news again .

the markets went up based on FUMES !!!

of course unemployment claims ongoing dropped this month .. 16 weeks ago they were all time high in most states you can only claim for 16 weeks .. then you are on your own !!!!

note that unemploiyment claims have been progressively higher last three months.. EVERYONE SEEMS TO BE IGNORING THIS.

earnings all beat eps ... great .. my sons lemonade stand could beat BOA 27 cents per share eps expectations . Why BOA doing so well they cry about...
My sentiments exactly

http://financialsense.com/fsu/editor...2009/0731.html
History is written by the victors.
  • #186,900
  • Jul 31, 2009 2:01pm Jul 31, 2009 2:01pm
Quoting Raza
I hope it is bearish I am short and planning on keeping it....Now if you look at the Monthly chart the Bottom Candle you see.. at that time too people were saying Bearish Doji.. Look what Happened we are 4200 pips up from there... This looks like an intervel... short break for Bull.Iam expecting it to be at 192xx by Year end.. from there Tank.

I am sure you have seen this kinda PIN BAR even on 5 min chart.. and Market takes off from there. I posted a Chart before... here you go... of course i could also be wrong.
i hope its bearish as well, ive also got stuck in a short, although i dont seem to have malcolms ability to read where its going so im usually wrong
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