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

  • #191,081
  • Aug 24, 2009 10:41am Aug 24, 2009 10:41am
Quoting malcolmb14
there could be disconnect between usd and indexes

markets could go up but if GU drops gj going down

here we are on 155.80 support no signs of life yet
posted last night and here we are .. been on gu

GU could target 1.6350 , gj who knows if asia will buy weakness or not.
Blogging daily now at www.volume.zone
  • #191,082
  • Aug 24, 2009 10:41am Aug 24, 2009 10:41am
nice! 130+ pips into this trade. I knew g/y wouldn't let us down today . better bank some, feel as though I'm pressing my luck.
  • #191,083
  • Aug 24, 2009 10:45am Aug 24, 2009 10:45am
Quoting malcolmb14
posted last night and here we are .. been on gu

GU could target 1.6350 , gj who knows if asia will buy weakness or not.
Hi malc. Nice to have you back man. Is there any fundamental "issues" that currently going on? I think, as I mentioned in my previous post, whatever you said last week might come true.. sooner than I thought it to be. I'm currently more bias to the downside, what about you malc?
  • #191,084
  • Aug 24, 2009 10:48am Aug 24, 2009 10:48am
I think GJ currently in a very large range between 157 - 153.50. Not sure will it break to the downside in this current down move. Will take all my position @ 153.50 - 154 (decided when the price reach there), won't bet for the breakout but will enter again if the breakout confirmed.
  • #191,085
  • Edited 11:05am Aug 24, 2009 10:53am | Edited 11:05am
clunkers extended.. (edit) nope news changed information. cash for clunkers not extended. they lied. .
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #191,086
  • Aug 24, 2009 11:13am Aug 24, 2009 11:13am
Now, here is a tricky question: Despite they said that the recession is easing, already confirmed bull market.. why is the yen strengthens against euro, pound and dollar? The momentum in 4hr for all the 3 pairs indicate bearishness. Maybe what they are telling us is a lie but price shows more clear picture of what is currently going on out there. Maybe we can get a real bull market tommorrow but for now in my 4hr it doesn't show it yet. I guess what I have to do is just wait..
  • #191,087
  • Aug 24, 2009 11:17am Aug 24, 2009 11:17am
I threw this channel down for a potential exit on my short based on the 153.57 low and the bull utl. too early to say if the ltl will hold, but it stopped on the money for an exit.
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  • #191,088
  • Aug 24, 2009 11:27am Aug 24, 2009 11:27am
back

i was targeting 154.83 it hit 154.93 close enough only 10 pips different

from now i will only think where to buy

i might wait until daily close then buy

and my SL will be 153.40
  • #191,089
  • Aug 24, 2009 11:31am Aug 24, 2009 11:31am
Quoting msniper
back

i was targeting 154.83 it hit 154.93 close enough only 10 pips different

from now i will only think where to buy

i might wait until daily close then buy

and my SL will be 153.40
yups, that was @ 50% fibo last wave up. I'm expecting a higher rejection from there before another test. Hopefully, price can reach the neckline of [edited, sorry] double top 1h..
  • #191,090
  • Aug 24, 2009 11:36am Aug 24, 2009 11:36am
watching daily candles i see something similar perhaps history repeat it self

other thing if you take a look at the timing we will know that a strong move is coming up soon and i think its to the upside unless we close below white or blue lines on daily

other that that i am bullish and not only waiting for 160 may be 166 and 170 also

thats my midterm view
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  • #191,091
  • Aug 24, 2009 11:42am Aug 24, 2009 11:42am
Quoting msniper
watching daily candles i see something similar perhaps history repeat it self

other thing if you take a look at the timing we will know that a strong move is coming up soon and i think its to the upside unless we close below white or blue lines on daily

other that that i am bullish and not only waiting for 160 may be 166 and 170 also

thats my midterm view
let's see how today candles closed. if the price is around 155.. i don't think it will go further up. but if it break its current high, we might stand a chance..
  • #191,092
  • Aug 24, 2009 11:45am Aug 24, 2009 11:45am
Not sure if it has been mentioned here...
just FYI

US Dollar Remains Correlated to S&P 500, Ignores Interest Rates
  • #191,093
  • Aug 24, 2009 11:46am Aug 24, 2009 11:46am
Getting late here so closed for the day. I did what I implied on Saturday which was to sell at Friday's high...actually 156.56 (about 14 hours ago)...and closed a little soon at 155.25 ...daily pivot area and short time frame stochastics at the bottom of their cycles. Had thought it would start to come down at Europe open which as we know it didn't so had another short limit order at at 157.30 (not reached) as Europe opened bullish. So it was a long wait today.

Prediction...Long TF stochs need to cycle down a bit so medium term bearish but may be a retrace (up) very short term to allow short TF stochs to cycle up a little.

Anyway, prefer not to leave in profit trades over night ...only do that when they're in loss...lol...and tomorrow's another day.

Night all and good luck!!
  • #191,094
  • Aug 24, 2009 11:51am Aug 24, 2009 11:51am
todays is boring for the past weeks or so..i hate today ..
but let kill time ....i am still bullish until we break 153.50..
trade your chart
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MY OPINION NOT FINANCIAL ADVISE
  • #191,095
  • Aug 24, 2009 12:05pm Aug 24, 2009 12:05pm
Quoting A-speculator
Hi malc. Nice to have you back man. Is there any fundamental "issues" that currently going on? I think, as I mentioned in my previous post, whatever you said last week might come true.. sooner than I thought it to be. I'm currently more bias to the downside, what about you malc?

after seeing today's action I think GU weekly will play out sooner rather than later and drop sub 1.6000 into 1.5000 . DJ could well move to 10,000 but I think that the indexes , oil , gold and usd will all become disconnected. We are already seeing this with oil at 74 and indexes moving higher.

I am favouring downside based on Gu weakness dragging Gj down. however when you look at 4 hour gj it really is a dogs breakfast . with a range setting up 156.80 to 153.60

The dj today once again has shaken off that some banks went down on the weekend , one of them making the 12th largest bank of us history list. Unbelievable!!!! However depending on how today end we could be seeing a doji on the ES daily which is bearish , and they could be using today to mark up market as they know the consumer confidence not going to be great tomorrow.

GU has been way easier to trade that is for sure with the selling we saw Friday following thru into todays session
Blogging daily now at www.volume.zone
  • #191,096
  • Aug 24, 2009 12:06pm Aug 24, 2009 12:06pm
By Elizabeth Stanton Aug. 24 (Bloomberg) -- The Nasdaq-100 Index recovered half of its loss from the bear market, becoming the first major US benchmark to complete a 50 percent retracement, after technology stocks surged <
  • #191,097
  • Aug 24, 2009 12:13pm Aug 24, 2009 12:13pm
i changed my plan in buying GJ between 154.83 to 155

as i see EJ and UJ still have more space to go down

so what i will do i will wait until EJ reach its target between 134 to 134.50 or UJ reach 93 to 93.40
  • #191,098
  • Aug 24, 2009 12:17pm Aug 24, 2009 12:17pm
Quoting malcolmb14
after seeing today's action I think GU weekly will play out sooner rather than later and drop sub 1.6000 into 1.5000...
I was surprised to find out that yen currently strengthen against euro,pound and dollar despite all the news that came out that tells us the recession is over. It just doesn't make any sense.. why if there is already growth, the yen is getting stronger and pound losing its strength against swiss franc, euro & dollar? it just does't add up. Anyway, I think this time is unique, the price action for GJ, if it supposed to go up, it should already be in the 157 area by now or more. Something or someone must have make the laymen think that it is now ok.. typical reporters, they are doing their job well..
  • #191,099
  • Aug 24, 2009 12:18pm Aug 24, 2009 12:18pm
Quoting A-speculator
Now, here is a tricky question: Despite they said that the recession is easing, already confirmed bull market.. why is the yen strengthens against euro, pound and dollar? The momentum in 4hr for all the 3 pairs indicate bearishness. Maybe what they are telling us is a lie but price shows more clear picture of what is currently going on out there. Maybe we can get a real bull market tommorrow but for now in my 4hr it doesn't show it yet. I guess what I have to do is just wait..
what lie ???.. never lol

 

  1. there are about 1000 banks to go down in next 2 years , right now 4 to 7 per week are going down , 81 this year to date
  2. FDIC is broke and asking for more money
  3. Airline stocks going up as oil goes up ???? something really wrong with that picture
  4. Foreclosures highest ever in July..in fact work it out based on 100,000 houses per month , something like 150 billion loss plus to banks per year..this DOE NOT INCLUDE commercial mortgages
  5. Banks holding housing inventory as if they flood market house prices will collapse
  6. 50 % of the US will have negative equity in houses by mid 2010.
  7. Mark to market abolished so that banks look like they are making money . In reality if mark to fantasy was dropped bank profits would drop next quarter by 30 % or more ... most would report losses based on this quarters earnings
  8. House prices still about 34% overvalued in US based on historical trendlines
  9. Unemployment 10 % ...liekly more like 20 % due to the way it is reported.
  10. s&p P/e 100 when based on real earnings .. .2001 high was only 45 grossly overvalued.
  11. Construction sector up. Last bid I put in was 1.5% profit and overhead and we were highest out of 20 ..and i was thinking how on earth are the low bidder going to complete the work. iN order to make money as a construction company you cannot bid at negative mark up and overhead

Need I go on .. they are lying to us.

Blogging daily now at www.volume.zone
  • #191,100
  • Aug 24, 2009 12:23pm Aug 24, 2009 12:23pm
alright guys time to take a break i will be back after daily close

as you can see my harmonic pattern in 15min , 1h is already created

the possible bounce area is wide between 154 to 154.80 i suggest 154.25 may be

so the plan is once EJ reach 134 to 134.50 i suggest 134.35 i might go long in GJ depend in which level it will be

good luck every one
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