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

  • #203,361
  • Oct 14, 2009 11:04am Oct 14, 2009 11:04am
Quoting Fudomyo
lol

My mind on GY...
Hey .. that's the direction to outer space
  • #203,362
  • Oct 14, 2009 11:14am Oct 14, 2009 11:14am
may have just witnessed the bottom in dollars 75.51

If so 100-105 viable drive
"Millionaires don't use astrology, billionaires do"
  • #203,363
  • Oct 14, 2009 11:15am Oct 14, 2009 11:15am
Quoting OrionsWay
may have just witnessed the bottom in dollars
I agree bro
  • #203,364
  • Oct 14, 2009 11:24am Oct 14, 2009 11:24am
i wouldn't do it now... but don't mind me

Quoting mktjong
So, short now at current level, Piters?
Attached Image (click to enlarge)
Click to Enlarge Name: gj_channel.gif Size: 13 KB
Nihil Sine Deo.
  • #203,365
  • Oct 14, 2009 11:31am Oct 14, 2009 11:31am
Quoting mktjong
I think above 143 is a sell .. well, it is "I think" not "I see"

today bought dips ...142.20 and yesterday in asia 142 , closed 143.70 and now hopefully 144.5

been nice ranging conditions ... BUT 3 hrs is forming higher lows and higher highs
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  • #203,366
  • Oct 14, 2009 11:40am Oct 14, 2009 11:40am
Quoting malcolmb14
today bought dips ...142.20 and yesterday in asia 142 , closed 143.70 and now hopefully 144.5

been nice ranging conditions ... BUT 3 hrs is forming higher lows and higher highs
Ok, I am still side line
  • #203,367
  • Oct 14, 2009 11:45am Oct 14, 2009 11:45am
Quoting rem
Mal,
I see that many times you are referring to Advanced GET Elliott count.
Many times I have noticed that AGet repaints its waves count, so I would be more suspicious to what AGet shows, as very often what previous, for example, was shown as wave 3, was repainted after several bars and was shown as the end of wave iii or something else.

Regards
Rem
It does ... I noticed that also ..it is not primary , although on 60 min i verify targets using fib expansions

vsa is my main thing and on that shake out earlier to 142.25 i saw kaboom come out once more ..and calls of 140 . We are rangign and I am day trading ... last 2 days 200 pip per day can be obtained , I am happy with only 50 of that

all that happened is buyers stepped in .... nice spot to open new long , hopefully we will see test days highs in asia

looking at my updated 4 hr that i posted yesterday we can see the upper value of 144.50 is obtainable IF we get a close above that 143.70 level , wehere we saw sellers earlier today (that was due to sellers at 90 on UJ)

146.30 is not an unrealistic target either and would be a real bear flag with reatrcement of 61.8 % of the down move

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Click to Enlarge Name: chart03.gif Size: 17 KB
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  • #203,368
  • Oct 14, 2009 11:47am Oct 14, 2009 11:47am
Quoting malcolmb14
It does ... I noticed that also ..it is not primary , although on 60 min i verify targets using fib expansions

vsa is my main thing and on that shake out earlier to 142.25 i saw kaboom come out once more ..and calls of 140 . We are rangign and I am day trading ... last 2 days 200 pip per day can be obtained , I am happy with only 50 of that

all that happened is buyers stepped in .... nice spot to open new long , hopefully we will see test days highs in asia

looking at my updated 4 hr that i posted yesterday we can see the upper value of...

wrong chart

Attached Image (click to enlarge)
Click to Enlarge Name: chart04.gif Size: 17 KB
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  • #203,369
  • Oct 14, 2009 11:52am Oct 14, 2009 11:52am
UPDATE 1-Japan budget requests may top 90 trillion yen - Nikkei

Oct 15 (Reuters) - Budget requests from Japanese government ministries and agencies are expected to reach an all-time high of more than 90 trillion yen for the 2010/11 fiscal year, while tax revenue appears to be lagging initial expectations, the Nikkei business daily said.

Of the expenditures, tax allocations to local governments are estimated at 17 trillion yen ($190 billion), debt-servicing costs are seen at about 22 trillion yen and general expenditures are expected to sharply exceed 50 trillion yen, the paper said, without citing any sources.

Thursday is the deadline for submitting budget requests to the Finance Ministry.

Finance Minister Hirohisa Fujii has asked cabinet members to keep their total requests below the 88.54 trillion yen in the initial 2009/10 budget, excluding funds necessary to meet election pledges by the Democratic Party of Japan.

The Democrats won a general election on Aug. 30, ending a half century of nearly unbroken rule by the Liberal Democratic Party.

More here: UPDATE 1-Japan budget requests may top 90 trillion yen - Nikkei
  • #203,370
  • Oct 14, 2009 11:58am Oct 14, 2009 11:58am
murray math lines and gj

murrey math are a thing i go back and forth between

here is todays gj set up with lines plotted for 15 min ...as we see bounce off 142.20 was 2 octaves

I have attached indie for those that want to mess with it...makes sure MMperiod is blanks .... this will then switch MML to the time frame you are looking at , if you want 15 min mml on a 5 min chart set mmperiod to 15 , then the mml will be for 15 min on any time frame you are looking at

Attached Image (click to enlarge)
Click to Enlarge Name: chart03.gif Size: 50 KB


Attached File(s)
File Type: mq4 Murrey_Math_Line_X.mq4   13 KB | 382 downloads
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  • #203,371
  • Oct 14, 2009 11:59am Oct 14, 2009 11:59am
Quoting malcolmb14
Attachment
malc, longs were shaked out just as it happened to shorts earlier. what the reason to be bullish? Imho, its undecisive, ranging, time now (and this ranging is a wide bearish flag on daily)
  • #203,372
  • Oct 14, 2009 11:59am Oct 14, 2009 11:59am
Short EU? Malcolmb, could u please confirm the volume? Thanks.
  • #203,373
  • Oct 14, 2009 12:18pm Oct 14, 2009 12:18pm


Hopefully 144.00 breaks for some PA


Quoting malcolmb14
today bought dips ...142.20 and yesterday in asia 142 , closed 143.70 and now hopefully 144.5

been nice ranging conditions ... BUT 3 hrs is forming higher lows and higher highs
Attached Image
[
  • #203,374
  • Oct 14, 2009 12:40pm Oct 14, 2009 12:40pm
Now I need to say this reservedly, but GY is looking like a short for Asia. Not sure if it's 50 pips of 150, but after the US close, we could see the reality of Dow being at 10000.
  • #203,375
  • Edited 12:55pm Oct 14, 2009 12:41pm | Edited 12:55pm
Two weeks the market consolidated for the DJ 10,000 expectation..Finally reach the level, now what is GJ going to do..


IMHO

Since the market is using the DJ as the leading indicator, PA will test the 144.00 level for breakout and 146 first target, than 149 second target, 153.00 level to be the finally rally at the major daily TL (possible reversal)

Kaboom may happen at the target levels or major TL

Wait and see..

Attached Image(s) (click to enlarge)
Click to Enlarge Name: dailygja.gif Size: 35 KB
Click to Enlarge Name: dailygjb.gif Size: 45 KB
[
  • #203,376
  • Oct 14, 2009 12:47pm Oct 14, 2009 12:47pm
Quoting malcolmb14
It does ... I noticed that also ..it is not primary , although on 60 min i verify targets using fib expansions

vsa is my main thing and on that shake out earlier to 142.25 i saw kaboom come out once more ..and calls of 140 . We are rangign and I am day trading ... last 2 days 200 pip per day can be obtained , I am happy with only 50 of that

all that happened is buyers stepped in .... nice spot to open new long , hopefully we will see test days highs in asia

looking at my updated 4 hr that i posted yesterday we can see the upper value of...
No malc, it happen to EJ as well, it indicate that yen has sudden buyers and not because people selling usd, that is why we haven't have any reaction to GBPUSD during that time..
  • #203,377
  • Oct 14, 2009 12:48pm Oct 14, 2009 12:48pm
Quoting rgitt05


Hopefully 144.00 breaks for some PA

I think the GBP/JPY is a short now. Target should be 141,80. We will seehttp://www.forexfactory.com/images/icons/icon12.gif
  • #203,378
  • Oct 14, 2009 12:56pm Oct 14, 2009 12:56pm
Quoting rgitt05
Two weeks the market consolidated for the DJ 10,000 expectation..Finally reach the level, now what is GJ going to do..


IMHO

Since the market is using the DJ as the leading indicator, PA will test the 144.00 level for breakout and 146 first target, than 149 second target, 153.00 level to be the finally rally at the major daily TL (possible reversal)

Kaboom may happen at the target levels or major TL

Wait and see..

I can see you a bull now eh.. well, I see a potential weakness for pound, and this will be confirmed if GU closed and traded below 1.5900 IMHO
  • #203,379
  • Oct 14, 2009 1:01pm Oct 14, 2009 1:01pm
Double bottom, Ascending or Descending?
Attached Image (click to enlarge)
Click to Enlarge Name: gj ascending.gif Size: 55 KB
  • #203,380
  • Oct 14, 2009 1:11pm Oct 14, 2009 1:11pm
Quoting hyh
malc, longs were shaked out just as it happened to shorts earlier. what the reason to be bullish? Imho, its undecisive, ranging, time now (and this ranging is a wide bearish flag on daily)

reaosn to think reatrce is there have been a few shake outs of shorts ...

each one has formed a higher low.

144.5 is ultimately top of channel

142 is major support / resistance line that was tested today

a real bear flag will go to 61.8 % reatracement of last down move = 146

accumaultion of 141.xx

no real sellers on peaks using volume

buyers again today on 142.20 and 142.50

IF one of those shake outs forms a lower low then I will start to think that the bear flag is breaking , for now it does seem that this flag may go higher in the next few days

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Click to Enlarge Name: chart03.gif Size: 51 KB
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