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

  • #200,161
  • Sep 26, 2009 4:18pm Sep 26, 2009 4:18pm
IMO, GJ may fall so hard like blink of an eye. I remember overnight 2000 pip drop that made me a fortune with very low risk position. My weekly chart is so bearish and shows just a begining of a drop.

Let's ride it to new low
Do not follow my trades. Trade what you see on your own charts.
  • #200,162
  • Sep 26, 2009 4:34pm Sep 26, 2009 4:34pm
By Ye Xie and Matthew Townsend

Sept. 26 (Bloomberg) -- The yen rose to a seven-month high versus the dollar as Japan’s new government reiterated its opposition to intervening to stem a currency’s gain and the Federal Reserve pledged to keep interest rates low.

http://www.bloomberg.com/apps/news?p...d=ae7UfRpmM1AM
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  • #200,163
  • Sep 26, 2009 4:37pm Sep 26, 2009 4:37pm



Quoting igmak
IMO, GJ may fall so hard like blink of an eye. I remember overnight 2000 pip drop that made me a fortune with very low risk position. My weekly chart is so bearish and shows just a begining of a drop.

Let's ride it to new low
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  • #200,164
  • Edited 6:22pm Sep 26, 2009 4:39pm | Edited 6:22pm
Quoting igmak
IMO, GJ may fall so hard like blink of an eye. I remember overnight 2000 pip drop that made me a fortune with very low risk position. My weekly chart is so bearish and shows just a begining of a drop.

Let's ride it to new low
Here are weekly screenshots. Speak for itself ....
Attached Images
Do not follow my trades. Trade what you see on your own charts.
  • #200,165
  • Sep 26, 2009 5:03pm Sep 26, 2009 5:03pm
September month is almost over.

If the price action continues strong bearish momentum this week, than I have 135.00 around Sept. 30 to Oct 2 to reach the 135.00 support zone on the daily GJ chart 61.8% fib level.

Trade your charts

Good Luck

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  • #200,166
  • Sep 26, 2009 5:57pm Sep 26, 2009 5:57pm
Quoting rgitt05

Trying to catch the free fall knive

PA is still falling to the 140.00 -141.00 support before any bounce
I guess you got a few of my pips too buddy....

When geppy went through 146.74 I went back to the daily and looked at the break outs .... and yes we may still fall for another 2/3 days (excluding extreme free fall cases like last year).

The 140.93 is the best level I can think of now...just before that is 141.86 which is monthly pivot S2...but looking back at previous breakouts we may go below 140 by mid next week.

Thanks for your other posts.

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  • #200,167
  • Sep 26, 2009 6:11pm Sep 26, 2009 6:11pm
This coming week fundamentals may support the free fall

Sun
Sep 27
7:15pm AUD RBA Gov Stevens Speaks
(Daily AU chart looks bullish and PA heading toward the 76.8 % 0.9030 zone)
This could help weaken the USD and strengthen the GOLD

Wed
Sep 30
8:15am USD ADP Non-Farm Employment Change

This could support the bearish bias for GJ

Thu
Oct 1
8:30am USD Unemployment Claims

9:00am USD Fed Chairman Bernanke Testifies

Fri
Oct 2

8:30am USD Non-Farm Employment Change

Major price action this week

Trade the charts




Quoting I like steak
I guess you got a few of my pips too buddy....

When geppy went through 146.74 I went back to the daily and looked at the break outs .... and yes we may still fall for another 2/3 days (excluding extreme free fall cases like last year).

The 140.93 is the best level I can think of now...just before that is 141.86 which is monthly pivot S2...but looking back at previous breakouts we may go below 140 by mid next week.

Thanks for your other posts.

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  • #200,168
  • Sep 26, 2009 7:02pm Sep 26, 2009 7:02pm
With d current market sentiment.1 could think of holding short position's till d 130's.but i think 137 is a good holding point.Captain Sycho
Imanuel Parsifal
  • #200,169
  • Sep 26, 2009 7:06pm Sep 26, 2009 7:06pm
Quoting Kofmaster
May I ask anyone using FXCM here? Any problem with that? please reply me asap. Thanks

Yes I use FXCM....if your problem is no data there never is in the weekend.
  • #200,170
  • Sep 26, 2009 7:38pm Sep 26, 2009 7:38pm
This is my monthly GJ swing trade chart

Overall the Trendline is bearish.

I believe the 118.00 level will be tested again to confirm the bottom before any reversal.

Follow the trend

Let see where this price action will go in the future

I will keep this chart to compared at end of the year.

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  • #200,171
  • Sep 26, 2009 7:50pm Sep 26, 2009 7:50pm
Quoting rgitt05
This is my monthly GJ swing trade chart

Overall the Trendline is bearish.

I believe the 118.00 level will be tested again to confirm the bottom before any reversal.

Follow the trend

Let see where this price action will go in the future

I will keep this chart to compared at end of the year.

nice predictions....
  • #200,172
  • Edited 8:30pm Sep 26, 2009 7:53pm | Edited 8:30pm
Based on my weekly GJ chart, price action rejected twice to break the 163.00 zone at 50ema and failed..

Retracement is OVER for GJ, now it is hammer time to freefall to test the 118.00 level and hit the 100 level by 2010

It is the ultimate price action I would like to see for GJ this year..

VIX been low this year compared to last few years.

IMHO

Trade your charts



I am sorry for cluttering the board with all my charts, I felt strong about my setups.
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  • #200,173
  • Sep 27, 2009 12:26am Sep 27, 2009 12:26am
[quote=rgitt05;3095619]Based on my weekly GJ chart, price action rejected twice to break the 163.00 zone at 50ema and failed..



Step by step bro....If we want kill the beast let make it slowly and steady (With Style) . At the moment what I see GJ already touch daily LTL. I will upload the analysis during Japan Open.

Have a nice day.
  • #200,174
  • Sep 27, 2009 12:36am Sep 27, 2009 12:36am
This week in GBP/JPY:

2 last min friday took it from 142,70 to 143,00 area and after trade closed in 143,157(bid).

Trading plan - open and to wednesday (asian session/start london session):
going to 145,55 area and drop (see trendlines in chart), hope we will open lower than the close . If you follow these trendlines I will update with a monthly chart were it looks like in october we will test 147,50 area (should be a slow month)
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #200,175
  • Sep 27, 2009 12:38am Sep 27, 2009 12:38am
nfp week.. wonder what will it bring
  • #200,176
  • Sep 27, 2009 4:29am Sep 27, 2009 4:29am
Please indulge me... (non-trading related)

Please visit this thread
Help needed.
Thank you!
  • #200,177
  • Sep 27, 2009 4:49am Sep 27, 2009 4:49am
Hey PandoraBox,

I hope you don't think I am illustrating GJ will freefall straight down with no minor retracement..I got caught up in the moment with the GJ price action.I projected the area where GJ may hit before a major retracement..If the rumors of GU is true and it free falls hard than yes GJ falls toward the lows again ..It have been a while since GJ move 1000's pips in a short time..

Here is my daily chart





[quote=PandoraBox;3095725]
Quoting rgitt05
Based on my weekly GJ chart, price action rejected twice to break the 163.00 zone at 50ema and failed..



Step by step bro....If we want kill the beast let make it slowly and steady (With Style) . At the moment what I see GJ already touch daily LTL. I will upload the analysis during Japan Open.

Have a nice day.
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  • #200,178
  • Sep 27, 2009 6:03am Sep 27, 2009 6:03am
Quoting rgitt05
The pound may fall to $1.54 by the end of the year should the central bank remain indifferent to the currency’s decline, according to BNP Paribas SA.


genius prediction that is. we are at 1.5900 so thats 500 pips away. last week it fell 500 pips in ONE DAY, and they think it might get to 1.54 by end of the year?!?! the things some of these people come out with to try and make themselves look clever always amazes me
  • #200,179
  • Sep 27, 2009 7:42am Sep 27, 2009 7:42am
Quoting DubaiFX
i am Still bearish..
china stock helped yen move higher and still there is room for yen to move higher..
i am short from 156.62 my target is 147.xx for next week
well moved my stop to 154.00 +260 pips
lets see where it ends..

as i said before in several posts gj is going to tank form 163 i am sayoing then shorted again at 156
anyways know my adives is shorts should be care full it may retrace very fast because we are at mear 88 yen
so may be big boys are willing to take our money..
but still to me even yen will weak nexy 2 weeks gbp amy help us goto 135..
Don't compare your Trades with Others
  • #200,180
  • Sep 27, 2009 7:44am Sep 27, 2009 7:44am
Quoting rgitt05
By Anna Rascouet and Morwenna Coniam

Sept. 26 (Bloomberg) -- The pound fell to its lowest level in almost six months against the euro on speculation the Bank of England favors a weaker currency to help revive the economy.

The British currency also dropped below $1.60 for the first time since July 8 after the Newcastle Journal cited Bank of England Governor Mervyn King as saying the pound’s weakness was “helpful.” Policy makers said there may be “false dawns” in the recovery, according to the minutes of their most recent meeting released this...

POUND MAY FALL OT 1.54 END OF HTE YEAR i must say couple of weeks
bro..
just my 1 pip..
Don't compare your Trades with Others
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