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

  • #195,661
  • Sep 8, 2009 9:22pm Sep 8, 2009 9:22pm
Quoting Duce
I'm talking this month...not this week.

Just asking.
151.56 area is support or good major turning point / pivot point. above 151.56 could see higher levels as break out of down channel has occurred on both 1 and 4 hr time frames. with that said resistance of this move is at 153.12. it is possible there is a range before gj picks a direction between these levels. right now mostly higher highs / higher lows on hrly suggesting uptrend but that could change into a range as the new high is providing resistance as well. the possibility of what your talking about is low at this point but after bank meeting could provide more clues. the dow jones failed to hold above 9500 which is a bearish case for bears but 9300 is support a mere 200 points so a range is possible for carry trade.
-Neal
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #195,662
  • Sep 8, 2009 9:26pm Sep 8, 2009 9:26pm
I think what is happening right now (or going to happen) is everyone right now is bullish, every bull is in the market - market gets saturated - no where else to buy.. Just my speculation of what happening or going to happen..
  • #195,663
  • Sep 8, 2009 9:29pm Sep 8, 2009 9:29pm
Quoting JhonMonsalve
I'd love see that levels too, but there are few things that worried me about like double bottom on Gopher (daily bullish divergence), Gold climbing like a rocket and GBP index is rising, among others

I think we could wait to see a more clear direction!

Jhon

Yes Jhon...Agree...Its hard to predict which way its gonna go...154 is very Close ATM.

There is Gotta be a Channel... from 149.. Channel has 2 lines..TOP and Bottom.. should be Hit twice..either ways..The way I see it .. Bottom one is not HIT yet..mine is at 150.88.. thats why I said that...may not Happen..

Just scalping ATM...
Markets are not Random, they are designed!
  • #195,664
  • Sep 8, 2009 9:42pm Sep 8, 2009 9:42pm
Quoting A-speculator
well, alhamdullilah seems like I manage to get in the train before it's warm up the engine.. .

I think we are approaching the end of this rally, at least that's how I saw it. InsyaAllah next week we will test our low again, soonest is this week but to me it seems unlikely..
well bro u might be right but if it goes down it will be only as a retrace

all this move in cable and GJ is nothing its only may be 40% of the power of WAVE 3 still more upmove coming soon but we need patience

good luck ...
  • #195,665
  • Sep 8, 2009 9:45pm Sep 8, 2009 9:45pm
Quoting msniper
well bro u might be right but if it goes down it will be only as a retrace

all this move in cable and GJ is nothing its only may be 40% of the power of WAVE 3 still more upmove coming soon but we need patience

good luck ...
what is your consideration which will invalidate the wave 3? If you don't mind me asking.. tq.
  • #195,666
  • Sep 8, 2009 9:50pm Sep 8, 2009 9:50pm
Quoting Raza
Yes Jhon...Agree...Its hard to predict which way its gonna go...154 is very Close ATM.

There is Gotta be a Channel... from 149.. Channel has 2 lines..TOP and Bottom.. should be Hit twice..either ways..The way I see it .. Bottom one is not HIT yet..mine is at 150.88.. thats why I said that...may not Happen..

Just scalping ATM...
Raza!

I think we're living scalper's dream hehe, I mean, like england33 said before, we're on range mode:

if range on, then =>

Geppy(x) = {Sell if x = 153.12;
Long if x = 151.16}

else

Geppy (x)= {Long if x > 153.5;
Sell if x < 150} lol
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #195,667
  • Sep 8, 2009 9:53pm Sep 8, 2009 9:53pm
Quoting A-speculator
what is your consideration which will invalidate the wave 3? If you don't mind me asking.. tq.
if 149 is broken

i moved all my SL to 148.80 instead of 146

because if GJ break 149 i dont think it will stop at 147 it will continue going down

but as i said we are in up move WAVE

we finshed 1 and 2 and we are at the begining of 3 this push you saw in GU is begining of wave 3 still it didn't end and even if it end it will go down little bit as a retrace for wave 4 then continue going up for wave 5 and all this story might be under one big wave which is WAVE 1 lool so imagine it

i am waiting for GJ to only touch 152.96 then i will go sleep because i know i will wake up in more green pips than what i have right now hehe
  • #195,668
  • Sep 8, 2009 9:56pm Sep 8, 2009 9:56pm
Quoting JhonMonsalve
Raza!

I think we're living scalper's dream hehe, I mean, like england33 said before, we're on range mode:

if range on, then =>

Geppy(x) = {Sell if x = 153.12;
Long if x = 151.16}

else

Geppy (x)= {Long if x > 153.5;
Sell if x < 150} lol

Exactly...
Markets are not Random, they are designed!
  • #195,669
  • Sep 8, 2009 9:59pm Sep 8, 2009 9:59pm
Quoting msniper
if 149 is broken

i moved all my SL to 148.80 instead of 146

because if GJ break 149 i dont think it will stop at 147 it will continue going down

but as i said we are in up move WAVE

we finshed 1 and 2 and we are at the begining of 3 this push you saw in GU is begining of wave 3 still it didn't end and even if it end it will go down little bit as a retrace for wave 4 then continue going up for wave 5 and all this story might be under one big wave which is WAVE 1 lool so imagine it

i am waiting for GJ to only touch 152.96 then i will go...
so you are saying that your point of control is at 149? Isn't that a bit too late to change your bias?
  • #195,670
  • Sep 8, 2009 10:18pm Sep 8, 2009 10:18pm
Quoting A-speculator
so you are saying that your point of control is at 149? Isn't that a bit too late to change your bias?
well see when we were at 149 i wanted to go long i was just waiting for the down waves to end and they end thats why i went long

that time there was possiblity for this down wave to end between 149 to 146.xx thats why i put my SL at 146 because if it goes below it it will damage my counting

now after i went long from the bottom we are in a bullish waves as my counting tell me thats mean we started new rally up which will not end in a week or two

so if by any mistake this thing go down again and break 149 thats mean i made the wrong counting

and even if am not doing any EW analysis any good trader should reduce his risk

i am in 300 pips profit i shouldn't make my SL 600pips away so i changed it to below the bottom at 148.80 to be more safer

still my view bullish GU to 1.7000 and GJ to 16x.xx
  • #195,671
  • Sep 8, 2009 10:19pm Sep 8, 2009 10:19pm
luck bulish,,,and if the stay in this level,,the move up will be very soon ,,
  • #195,672
  • Sep 8, 2009 10:20pm Sep 8, 2009 10:20pm
15250 HAVE TO HOLD !
  • #195,673
  • Sep 8, 2009 10:29pm Sep 8, 2009 10:29pm
Quoting msniper
well see when we were at 149 i wanted to go long i was just waiting for the down waves to end and they end thats why i went long

that time there was possiblity for this down wave to end between 149 to 146.xx thats why i put my SL at 146 because if it goes below it it will damage my counting

now after i went long from the bottom we are in a bullish waves as my counting tell me thats mean we started new rally up which will not end in a week or two

so if by any mistake this thing go down again and break 149 thats mean i made the wrong counting...
Regarding your bullish sentiment, I think there is a logic behind it but I think we will find speculative rejection before breaking up above. It's just too fast too soon. Maybe another month or two.. Just a thought..
  • #195,674
  • Sep 8, 2009 10:46pm Sep 8, 2009 10:46pm
Quoting msniper
well see when we were at 149 i wanted to go long i was just waiting for the down waves to end and they end thats why i went long

that time there was possiblity for this down wave to end between 149 to 146.xx thats why i put my SL at 146 because if it goes below it it will damage my counting

now after i went long from the bottom we are in a bullish waves as my counting tell me thats mean we started new rally up which will not end in a week or two

so if by any mistake this thing go down again and break 149 thats mean i made the wrong counting...
having fun?
  • #195,675
  • Sep 8, 2009 10:56pm Sep 8, 2009 10:56pm
Quoting pkimnyc
having fun?
indeed what about u
  • #195,676
  • Sep 8, 2009 11:05pm Sep 8, 2009 11:05pm
Quoting msniper
indeed what about u
doing ok so far. made a terrible mistake last night with nzd pair (sold at the bottom, lol). but not a bad day today.
  • #195,677
  • Sep 8, 2009 11:11pm Sep 8, 2009 11:11pm
Most Asian Stocks Fall as JPMorgan Downgrades Japanese Banks

Sept. 9 (Bloomberg) -- Most Asian stocks fell as downgrades
of Japanese banks by JPMorgan Chase & Co. overshadowed gains
among commodity producers on higher oil and metals prices.
Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui
Financial Group Inc., Japan’s two largest listed banks by value,
retreated at least 1.4 percent after JPMorgan downgraded both to
“neutral.” Rio Tinto Group, the world’s third-largest mining
company rose 1.3 percent in Sydney, while Inpex Corp., Japan’s
largest oil explorer, climbed 3.1 percent.
Almost four stocks fell for every three that advanced on
the MSCI Asia Pacific Index, which sank 0.3 percent to 115.58 as
of 11:09 a.m. in Tokyo. The gauge closed at the highest in
almost a year yesterday, having gained 64 percent in the past
six months amid speculation stimulus measures worldwide will
revive global growth.
“The critical question is what are the earnings
underpinning the valuations,” said Macquarie Group Ltd.’s Tanya
Branwhite, who was voted Australia’s top strategist in a
BRW/East Coles fund manager survey published last month.
“Valuations can only be assessed reliably if the earnings
underpinning the valuations turn out to be correct.”
  • #195,678
  • Sep 8, 2009 11:17pm Sep 8, 2009 11:17pm
hidden bullish divergence on daily

http://www.babypips.com/school/hidden_divergence.html
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 96 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #195,679
  • Edited 11:53pm Sep 8, 2009 11:27pm | Edited 11:53pm
Quoting pino2
Now sitting again in my trading pointing my HIFI speakers to the trading platform playing the awesome song "Beggin" by Madcon, asking and begging GJ to calm down a bit and make a U turn and start going down
Here is a link
Pino, looks like GJ is packing the staff for the road up (or maybe down? I want things go down first)

Here:

Inserted Video
  • #195,680
  • Sep 8, 2009 11:30pm Sep 8, 2009 11:30pm
Quoting aa.eeiimm
Most Asian Stocks Fall as JPMorgan Downgrades Japanese Banks

........
“The critical question is what are the earnings
underpinning the valuations,”

......
“Valuations can only be assessed reliably if the earnings
underpinning the valuations turn out to be correct.”
damn straight. makes you wonder why these same questions aren't being asked of the US banks - big, small, central or treasury.

Question: What are your earnings?

Asked of the small banks - ummmm.....errrr
Asked of the big banks - Our level 3 assets are performing at a remarkable 3000000000% return and we expect that to continue ad infinitum

Asked of the Central bank - So long as Congress keeps the FedRes audit free, then.......great!!!

Asked of the Treasury - We made a profit of $7 billion on repayments of some warrants. Note: our definition of profit may excludes all expenses.
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