Check out what the gold is doing
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #188,303
- Aug 10, 2009 8:25am Aug 10, 2009 8:25am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
seems is preparing to big big drop in mid 600$/oz
Seems today Sterling and Euro are weak, whereas other Yen crosses such as Aussie are relatively flat. ES and Dow holding up pretty well.
Maybe today GY is in retracement mode coming from O/B levels and we go up from here for the rest of the week... GY can fall,but not tank, unless other influences are in play.
One last thing; that great jobs report which made the markets go through the roof last week has now been heavily retraced. Profit taking or selling into the move..? We'll know soon enough.
- #188,305
- Aug 10, 2009 8:36am Aug 10, 2009 8:36am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Daily LTL is being tested again. Looking to see if it breaks....
Chart:
Chart:
- #188,307
- Aug 10, 2009 8:39am Aug 10, 2009 8:39am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
malcolm are you long i thought you said 166 we are at 16720 we are going 1000 plus pips but in the wrong direction i hope you have a quick stop lose
Illuminati 0 .....
loser trader 1 ...
lol
Blogging daily now at www.volume.zone
- #188,308
- Edited 9:09am Aug 10, 2009 8:46am | Edited 9:09am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Illuminati 0 .....
loser trader 1 ...
lol
- #188,309
- Aug 10, 2009 8:57am Aug 10, 2009 8:57am
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
That I can agree with I will add longs around 1.60
- #188,310
- Aug 10, 2009 8:57am Aug 10, 2009 8:57am
Hey Malcolmb, (aka forex prophet) 
You did it again....nice turn around the 1.6720 area just like you said.
Im guessing some form of retracement has to come. Where do you think is a good place to place some more shorts? or how far up do you see it going?
Do you think GJ is going to make it up to 170? If so, would it be based on UJ or GU?
You did it again....nice turn around the 1.6720 area just like you said.
Im guessing some form of retracement has to come. Where do you think is a good place to place some more shorts? or how far up do you see it going?
Do you think GJ is going to make it up to 170? If so, would it be based on UJ or GU?
On a journey to consistency.
- #188,312
- Aug 10, 2009 9:24am Aug 10, 2009 9:24am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #188,313
- Aug 10, 2009 9:26am Aug 10, 2009 9:26am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hey Malcolmb, (aka forex prophet)
You did it again....nice turn around the 1.6720 area just like you said.
Im guessing some form of retracement has to come. Where do you think is a good place to place some more shorts? or how far up do you see it going?
Do you think GJ is going to make it up to 170? If so, would it be based on UJ or GU?
The top of Nov 07 , we went down ,then a reatrce of 61% of the down move . This would take us back to about 1.6800 as a matter of fact.
Then the big drop will come from there
Blogging daily now at www.volume.zone
- #188,314
- Aug 10, 2009 9:30am Aug 10, 2009 9:30am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
what is bullish about this daily chart now ? . I still do not see it.
But each trader to their own style.
The bearish divergence that has been building for 4 months is playing out ...1.6000 maybe by end of week unless there is sone funny buinsess on the fomc.
There is a chance this could be mark down also ....
But each trader to their own style.
The bearish divergence that has been building for 4 months is playing out ...1.6000 maybe by end of week unless there is sone funny buinsess on the fomc.
There is a chance this could be mark down also ....
Blogging daily now at www.volume.zone
- #188,315
- Aug 10, 2009 9:37am Aug 10, 2009 9:37am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #188,316
- Aug 10, 2009 9:38am Aug 10, 2009 9:38am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #188,318
- Aug 10, 2009 9:42am Aug 10, 2009 9:42am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
g-u makes me puke, as always. too many lines to draw, and too many to possibilities to take into account.
what about this chart?
keep it simple ... the move up to 1.7000 was clearer a fake out. I mentioned this a few weeks ago . Geppy mentioned it yesterday ...except I thought it would on a stimuls package annoucment or something.
If we close under 1.6600 this is now bearish gu . The rsx is down . The price is under the 14 wma on daily. and for the 1st time since March we poke unbder the ltl on the daily .
There really is not much bullish about this chart to tell you the truth . The bulls i think may be dreaming , unless they are guessing this is some kind of mark down .
can some please express at this point why the daily chart is bullish ?
Blogging daily now at www.volume.zone
- #188,319
- Aug 10, 2009 9:49am Aug 10, 2009 9:49am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
keep it simple ... the move up to 1.7000 was clearer a fake out. I mentioned this a few weeks ago . Geppy mentioned it yesterday ...except I thought it would on a stimuls package annoucment or something.
If we close under 1.6600 this is now bearish gu . The rsx is down . The price is under the 14 wma on daily. and for the 1st time since March we poke unbder the ltl on the daily .
There really is not much bullish about this chart to tell you the truth . The bulls i think may be dreaming , unless they are guessing this is some kind of mark down...
One robot.. One Lion ... One Girll.. And the Wizzard of OZZ ....
They can explain better the BULISHNESS of the charts.. I m not speaking that language..
I hope my Bullish friend Lionforex is OK..
Sell the rallies..