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

  • #189,181
  • Aug 16, 2009 4:35pm Aug 16, 2009 4:35pm
Quoting Raza
You went a little too early..should had waited for some confirmation...
In case 150.00 or near it I will PLUS my LOTS Twice...
  • #189,182
  • Aug 16, 2009 4:38pm Aug 16, 2009 4:38pm
Quoting assamusic
Is anybody have GBPAUD or GBPNZD positions?
I bought GBPAUD at 1.9650. I checked the price of GBPAUD on the Monthly Chart, 1.9650 is pretty low and I wish it will go long to 2.1000 !!! I also sold AUDUSD at 0.8430, hopefully, AUD will drop a lot.
  • #189,183
  • Aug 16, 2009 4:39pm Aug 16, 2009 4:39pm
Quoting assamusic
In case 150.00 or near it I will PLUS my LOTS Twice...
risky bet there i'm saying. Bearish weekely engulfing candle and you wish to load up on longs and doubling up the if the next candle is a confirmation down candle into 150?
  • #189,184
  • Aug 16, 2009 4:42pm Aug 16, 2009 4:42pm
Quoting Eulogy
risky bet there i'm saying. Bearish weekely engulfing candle and you wish to load up on longs and doubling up the if the next candle is a confirmation down candle into 150?
Yes! If the week price will close above 150.00 I'll double plus my position... Another case - If Price will close above 163.00 - I'll double plus my position to!
  • #189,185
  • Aug 16, 2009 4:42pm Aug 16, 2009 4:42pm
FWIW, had a 66pip gap down on the open
  • #189,186
  • Edited 5:00pm Aug 16, 2009 4:44pm | Edited 5:00pm
well,they say gaps get filled--i 'll tell you this, last week didn't end well for
the bears--entire week was on low vol...right now am just buyin
dips...
  • #189,187
  • Aug 16, 2009 4:47pm Aug 16, 2009 4:47pm
[quote=assamusic;2958867]In case 150.00 or near it I will PLUS my LOTS Twice... [/quote

i am waiting for asia before i place any trade for now..my short from 158.30 still running looking for 153 if it will get there but if trend change i should decide to close manual...
anything u do now is risky .
MY OPINION NOT FINANCIAL ADVISE
  • #189,188
  • Edited 5:01pm Aug 16, 2009 4:49pm | Edited 5:01pm
At 155.15- 154.84 .. 1HR and 4 hr will be OS.. good Place to go long . IMO..

Divergence will be Bullish...if it is not already...

Some Gaps dont get filled for a long time...
Markets are not Random, they are designed!
  • #189,189
  • Aug 16, 2009 4:51pm Aug 16, 2009 4:51pm
My main positions now - LONG GBPAUD and LONG GBPNZD GBPJPY is not very big...
  • #189,190
  • Aug 16, 2009 4:59pm Aug 16, 2009 4:59pm
Quoting assamusic
My main positions now - LONG GBPAUD and LONG GBPNZD GBPJPY is not very big...
I think USD/JPY looks like a down trend, so long GBPAUD is safer than long GBPJPY.
  • #189,191
  • Aug 16, 2009 5:06pm Aug 16, 2009 5:06pm
Quoting Raza
At 155.15- 154.84 .. 1HR and 4 hr will be OS.. good Place to go long . IMO..

Divergence will be Bullish...if it is not already...

Some Gaps dont get filled for a long time...
i see 154 as target soon,
there is no bullish`divergence yet according to my system.
Attached Image
  • #189,192
  • Aug 16, 2009 5:10pm Aug 16, 2009 5:10pm
Here is my analysis, bias is short but only to trendline support as indicated by green arrows.

Attached Image (click to enlarge)
Click to Enlarge Name: weekly geppy 17.08.09.gif Size: 28 KB
  • #189,193
  • Edited 6:10pm Aug 16, 2009 5:29pm | Edited 6:10pm
Quoting 5ysfx
i see 154 as target soon,
there is no bullish`divergence yet according to my system.

oversold levels.+ Divergence. SEE BLUE LINES..

How far UP it will go dont know.. but should give + pips.. IMO.

iT MIGHT NOT EVEN GO TO 155....IT IS BULLISH AS WE SPEAK!!!

IF 156 is not broken decisively.. this is Going to make anew high.. I will be looking to short from 163.20-165.50.. it will go down BIG TIME.(2000 pips. min)

This Pattern is called " J " PATTERN OR ASCENDING & INVERTED SCALLOP.. CONFIRMED if 156 holds OR above 153.00
Attached Image (click to enlarge)
Click to Enlarge Name: dIVERGENCE.jpg Size: 129 KB
Markets are not Random, they are designed!
  • #189,194
  • Aug 16, 2009 5:34pm Aug 16, 2009 5:34pm
good day all. i can see a double bottom on 4hrs tf. if this play out, 158.30 is on the table (38.2% retracement of the last drop). we might then see a full drop from there down to 153/150. overall my current bias for the week is slightly bullish. the weekly needs to finally prepare for the big move down (1000pips minimum), this week candle will be critical to weekly movement in the next 4/5weeks

just my 2cent
  • #189,195
  • Aug 16, 2009 5:37pm Aug 16, 2009 5:37pm
Hi all,

RAZA , you mean gbp/jpy wont go below 155.xx ? do u think it ll go up and up from current level? thanks for reply
  • #189,196
  • Aug 16, 2009 6:24pm Aug 16, 2009 6:24pm
Quoting Raza
oversold levels.+ Divergence. SEE BLUE LINES..

How far UP it will go dont know.. but should give + pips.. IMO.

iT MIGHT NOT EVEN GO TO 155....IT IS BULLISH AS WE SPEAK!!!

IF 156 is not broken decisively.. this is Going to make anew high.. I will be looking to short from 163.20-165.50.. it will go down BIG TIME.(2000 pips. min)

This Pattern is called " J " PATTERN OR ASCENDING & INVERTED SCALLOP.. CONFIRMED if 156 holds OR above 153.00
50% @ 155 and 68.1% @ 153. so I would do small retrace @ 50% and long term trade @ 68.1 how do you think Raza?
  • #189,197
  • Aug 16, 2009 6:26pm Aug 16, 2009 6:26pm
Quoting Raza
oversold levels.+ Divergence. SEE BLUE LINES..

How far UP it will go dont know.. but should give + pips.. IMO.

iT MIGHT NOT EVEN GO TO 155....IT IS BULLISH AS WE SPEAK!!!

IF 156 is not broken decisively.. this is Going to make anew high.. I will be looking to short from 163.20-165.50.. it will go down BIG TIME.(2000 pips. min)

This Pattern is called " J " PATTERN OR ASCENDING & INVERTED SCALLOP.. CONFIRMED if 156 holds OR above 153.00
On the same page Raza

Jap GDP 20 minutes
  • #189,198
  • Aug 16, 2009 6:36pm Aug 16, 2009 6:36pm
Guys who have asked Question .. where it is gonna go or if it will break.. 156 or 155... I dont know Price action will tell... We are in Bear Territory...

From what I see 157.50 is a good resistence.. if broken we should go higher.

If 156 broken 155.. 153.. is a Viable Target.. also good places to go long.. I cant say how far it will go.. you can scalp. I am not looking for a Home Run..

But looking where to short the hell out of it... and thats not happening today... might have to wait for days...weeks .. or months...

Take a trade from higher Time frames.. not 1 MIN..5 min .. or 10m.

Ideally 1 hr and 4 hr.

Most importantly trade your charts...
Markets are not Random, they are designed!
  • #189,199
  • Edited 6:59pm Aug 16, 2009 6:40pm | Edited 6:59pm
Quoting Angelina
50% @ 155 and 68.1% @ 153. so I would do small retrace @ 50% and long term trade @ 68.1 how do you think Raza?
Those are good target to go long... personally thats what i think..

gotta watch for PA..also Divergence..Oversold.. levels.

I dont know about long term.. but you can always put SL at B.E.

Tecnically I was looking for 151 level.. but looking at the PA.. so slow... and oversold levels on 1 hr... 4 hr.. it might not make it..

But 153.. should happen..
Markets are not Random, they are designed!
  • #189,200
  • Aug 16, 2009 7:07pm Aug 16, 2009 7:07pm
Weekly Analysis

1. We have confirmation of Bearish Engulfing pattern at weekly chart. Confirmation of reversal pattern at weekly chart.
2. Price closed below EMA 50 at daily and weekly
3. MACD Daily Down

Others...I will upload at news thread. Have a nice day and enjoy your trade.
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