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

  • #197,961
  • Sep 16, 2009 7:34am Sep 16, 2009 7:34am
Quoting Piters
yes mate, that is the POINT.. 146 is a way too late to activate SHORTS.. we go UP then.. (someone call that - as a selling bottoms).

Im not saying 146 is a bottom, but a lot's of PIPS wasted to activte shorts from 146 is... (well....).. not my business.. anyway

being there.. made same mistakes.. just passing on..
So, what do u see from here bro?
  • #197,962
  • Sep 16, 2009 7:42am Sep 16, 2009 7:42am
MS i join you now.. ehehhehe
  • #197,963
  • Sep 16, 2009 7:43am Sep 16, 2009 7:43am
Quoting mktjong
So, what do u see from here bro?
from here, or lower but a small 3 fold UP waves.. possible to 153.50.

EU just hit the double top at 1.472
Silver on extreme levels
Gold on weekly Neckline at 1020 (neckline is from 1025-1033)
DX on extreme levels..
DOW/S&P making 50% retracement in 6month.. that is not healthy, and market is seeing that.. a retracement is very close/near..

GY long term weekly/daily/4h are bearish...Some USD strenghtening and a retrace.. The 148 and 146 again are not easy to break.. // Historicly.. or.. not from at First Touch.. If we are to break this level.. and bounce from 146 or lower, then we may see another consolidation here..
Otherwise we just simply bounce..

what im waiting to see is the end of this week.. the weekly close..
  • #197,964
  • Sep 16, 2009 7:46am Sep 16, 2009 7:46am
Quoting Piters
Otherwise we just simply bounce..
That is what everyone is waiting for! Kaboom!
  • #197,965
  • Sep 16, 2009 7:48am Sep 16, 2009 7:48am
Quoting Maks
That is what everyone is waiting for! Kaboom!
it will takes days or even a week or two for this retracement to finish. Rather than waiting it to finish, i think, i'll join the bulls at the moment..
  • #197,966
  • Sep 16, 2009 7:50am Sep 16, 2009 7:50am
Gold is trying hard to drop. if it does, usd should find strength which would drop G/U and E/U but for poor old mindless G/J, it would be in another tug of war because U/J might go up (against G/U)

And be aware of the TIC long term purchase news coming up in 10 min
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 21 KB
  • #197,967
  • Sep 16, 2009 7:51am Sep 16, 2009 7:51am
by the way, because of the "demand" for GJ (you can see from the currency board where bid > ask) i canceled my pending order and decided to bear the drawdown if it go against me. I entered market @ 149.00..
  • #197,968
  • Sep 16, 2009 7:56am Sep 16, 2009 7:56am
Almost there to my kaboom target. 146.00

Attached Image (click to enlarge)
Click to Enlarge Name: monthly gj.gif Size: 29 KB
[
  • #197,969
  • Sep 16, 2009 7:56am Sep 16, 2009 7:56am
Quoting Piters
from here, or lower but a small 3 fold UP waves.. possible to 153.50.

EU just hit the double top at 1.472
Silver on extreme levels
Gold on weekly Neckline at 1020 (neckline is from 1025-1033)
DX on extreme levels..
DOW/S&P making 50% retracement in 6month.. that is not healthy, and market is seeing that.. a retracement is very close/near..

GY long term weekly/daily/4h are bearish...Some USD strenghtening and a retrace.. The 148 and 146 again are not easy to break.. // Historicly.. or.. not from at First Touch.. If we are to break this level.....
Are u long Piters?
  • #197,970
  • Sep 16, 2009 7:57am Sep 16, 2009 7:57am
Quoting bill77
Gold is trying hard to drop. if it does, usd should find strength which would drop G/U and E/U but for poor old mindless G/J, it would be in another tug of war because U/J might go up (against G/U)

And be aware of the TIC long term purchase news coming up in 10 min
As Bobokus and others have said many times before, when GU and UJ are going in opposite directions, forget about trading GJ - just trade GU......nowdays, with the change in status of the Yen as a carry trade currency why even bother trading GJ??......the current 6 day ADRs are GU 164 and GJ 160......
Trading Levels with WRBs
  • #197,971
  • Sep 16, 2009 7:57am Sep 16, 2009 7:57am
as of reminder, I would like to remind members here, if you want to take this retracement, enter with half or less than half your normal position sizing (normal position sizing for me is less 5% or my margin).
  • #197,972
  • Sep 16, 2009 8:00am Sep 16, 2009 8:00am
Quoting bill77
but for poor old mindless G/J, it would be in another tug of war because U/J might go up (against G/U)
Some fundamental thing to consider. Japan has newly elected government, which is happy with the strong Yen (85-90 as they say). They want to drive economy with domestic demand. Probably, they realized that their dependance from export is significant and can be dangerous. So, it would not be surprise if the Yen depreciation will be slower, than Euro or Pound depreciation, which will push the pair down.
  • #197,973
  • Sep 16, 2009 8:00am Sep 16, 2009 8:00am
Quoting mktjong
Are u long Piters?
Still Short... mate!!

We are not there YET...
  • #197,974
  • Sep 16, 2009 8:04am Sep 16, 2009 8:04am
Quoting A-speculator
as of reminder, I would like to remind members here, if you want to take this retracement, enter with half or less than half your normal position sizing (normal position sizing for me is less 5% or my margin).
Man...my english is not strong, i read and read and sooo confuse, in my opinion the bearish divergence will be pushing things down...do u mean it is going up from here ? sorry i'm terribly confuse lol.
  • #197,975
  • Sep 16, 2009 8:07am Sep 16, 2009 8:07am
Quoting Piters
Still Short... mate!!

We are not there YET...


Market would likely be down hard today
  • #197,976
  • Sep 16, 2009 8:09am Sep 16, 2009 8:09am
Quoting Minakata
Man...my english is not strong, i read and read and sooo confuse, in my opinion the bearish divergence will be pushing things down...do u mean it is going up from here ? sorry i'm terribly confuse lol.
in the long term yes I see it will go down, but currently we are at strong support both GJ & UJ. In the mid-term I think we will have a retracement to the upside and depending on this retracement, we will see either it is a rally in the bear market or the start of a bull run. The main point is, in this short term, I don't see it will go down further.. Don't take my words as it is, make your own analyzing before taking any position. I don't normally take retracement, but I think it's a good gamble..
  • #197,977
  • Sep 16, 2009 8:10am Sep 16, 2009 8:10am
Quoting mktjong


Market would likely be down hard today
YES, that is why im saying .. Im in, and ready to exit.. but Noone can predict how far we can go.. What im saying is that we are entering the reversal zone, but as I show the charts.. that zone is quite a wide one.. So .. No comment.. we can easily drop to 144 or bounce from here.. my last reversal point to up is 149.60 [4h]

Anything can happend..

To all others.. look at your charts. and play your setup .. dont follow the calls here (including mine), the time is very sensitive, and market can go from quiet to WILD..
  • #197,978
  • Sep 16, 2009 8:13am Sep 16, 2009 8:13am
Dollar at risk of steep drop vs. yen

http://money.cnn.com/2009/09/16/mark...ion=2009091606
Do not follow my trades. Trade what you see on your own charts.
  • #197,979
  • Sep 16, 2009 8:15am Sep 16, 2009 8:15am
My goodness gold is relentless. Does anybody want to take there frofits yet. Tomorow i'm getting my metal detector and heading for the hills. Piters you coming?
  • #197,980
  • Sep 16, 2009 8:16am Sep 16, 2009 8:16am
Quoting Piters
the time is very sensitive, and market can go from quiet to WILD..
Well, I've got short on EJ from 133.74. Want to close at 131. So, BANZAI!!!
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