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

  • #204,161
  • Oct 18, 2009 1:33pm Oct 18, 2009 1:33pm
GU just broke 6300, GJ also close to 148. pound is getting hammered at the moment, looks as if the QE comments are having effect.
  • #204,162
  • Oct 18, 2009 1:37pm Oct 18, 2009 1:37pm
Quoting ewokuk
GU just broke 6300, GJ also close to 148. pound is getting hammered at the moment, looks as if the QE comments are having effect.
This news is somekind of rubbish talk so to speak after they see GU flies to the sky. Why didn't they do anything last week when it was at low. I think bankers tell them what and when to speak
  • #204,163
  • Oct 18, 2009 1:46pm Oct 18, 2009 1:46pm
http://www.forex-markets.com/quotes.htm

Quoting mktjong
Just wondering, has any one's broker opened yet ? If yes, what is current rate of Usd/Yen and Gbp/Yen?
Thanks a lot man ..
  • #204,164
  • Oct 18, 2009 1:47pm Oct 18, 2009 1:47pm
GBPUSDhttp://forex.tradingcharts.com/quote...s/nochange.gif1.6291http://forex.tradingcharts.com/quote...s/nochange.gif1.6297




GBPJPYhttp://forex.tradingcharts.com/quote...s/nochange.gif148.01http://forex.tradingcharts.com/quote...s/nochange.gif148.3
  • #204,165
  • Oct 18, 2009 1:48pm Oct 18, 2009 1:48pm
Latest news:....The U.K. recession is over, but it is still premature to call the start of a recovery amid looming government spending cuts and tax rises, according to a report by Ernst & Young LLP.
The Market pays you to be disciplined
  • #204,166
  • Oct 18, 2009 1:59pm Oct 18, 2009 1:59pm
GBPUSDhttp://forex.tradingcharts.com/quote...s/nochange.gif1.6283http://forex.tradingcharts.com/quote...s/nochange.gif1.6289
  • #204,167
  • Oct 18, 2009 2:35pm Oct 18, 2009 2:35pm
pound looks real weak but UJ is holding GJ up. GU doesnt even look like is going to attempt to close the gap
  • #204,168
  • Oct 18, 2009 2:43pm Oct 18, 2009 2:43pm
I have gaps on UJ, GU and GY. Can't trade at this time with my current broker, so just watching...

Gaps will probably close soon enough.
  • #204,169
  • Edited 3:26pm Oct 18, 2009 2:51pm | Edited 3:26pm
The gap might be all the retrace u will see in gu and gj this week. If gu gets back above 1.6335 next leg is 1.6418 then next 1.66. As for gj look for it to go to 151/154.50 this week before any significant reversal. . .

Would be buying any pullback above 145.50 - 146.00 area in gj if it makes it down there. . . Swing up/high not over yet...

Just one more comment - I wouldn't take what Orion has to say lightly! Best swing trader I've met. . . Orion bought gj on the swing up on gj from 132 all the way up to 163 when everyone else was calling for gj at 100. . . Orion bought every dip like a pro and road it to 163 area - now talk about swinging. . .!

Lot of of good traders on this thread who's comments are falling on deaf ears!

Good luck this week. . .

Not really to convinced on dollar strength at the moment!
  • #204,170
  • Oct 18, 2009 3:37pm Oct 18, 2009 3:37pm
Quoting marcb
Hi Malcomb,
what do you think about GBPCHF? Is it time to short it?
Thanks

Marc
1.6500 is key gbpchf I would not think about shorting unless we get reversal on daily under this level

I would be looking to long dip[s on 4 hr charts

target 1.7100 min

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  • #204,171
  • Oct 18, 2009 3:38pm Oct 18, 2009 3:38pm
pivot point is right on the days open on GJ. im thinking about retracements before it attempts 150 but not entirely sure, it might have some legs up before any retrace. hmmmm seems a little spurt of buying suddenly. spread still too big for my liking, will have to wait and see what it does.
  • #204,172
  • Oct 18, 2009 3:45pm Oct 18, 2009 3:45pm
Hello Guys

I see next target to 151.38 area, what do you think?
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  • #204,173
  • Oct 18, 2009 4:15pm Oct 18, 2009 4:15pm
149.77-85 daily res

dont hink we are going there in next cpl days though


big euro drive COMING
"Millionaires don't use astrology, billionaires do"
  • #204,174
  • Oct 18, 2009 4:26pm Oct 18, 2009 4:26pm
good morning all
  • #204,175
  • Oct 18, 2009 4:44pm Oct 18, 2009 4:44pm
Quoting SwissKinseb
Hello Guys

I see next target to 151.38 area, what do you think?
I think 149 is a strong resistance
Bulls have to conquer that area, so price can reach your level
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #204,176
  • Oct 18, 2009 4:50pm Oct 18, 2009 4:50pm
Quoting DMA Trader
I think 149 is a strong resistance
Bulls have to conquer that area, so price can reach your level
If gj see a 4hr/daily close above 148.50 area then 151.40 is a viable target. . .
(148.50/60 was last weeks close. . .)

If we falter there expect to see a pullback which should be contained by 146/145.50 area before we attack 153/154/157. . .

Keep in mind weekly swing is 146.37 then up to 151.40/60 area (1st target). . .
Should see this upper level attacked starting Wed into Thursday of this week so be patient and let price range till it bottoms before entry. . .
  • #204,177
  • Oct 18, 2009 4:55pm Oct 18, 2009 4:55pm
Quoting DMA Trader
I think 149 is a strong resistance
Bulls have to conquer that area, so price can reach your level
according to my VSA readings, it is possible we move down a bit so that shorts trapped in lower are coaxed out of their positions. in doing so we will then move back up again. so i expect testings 147.70 first then possibly 147 and 146.30. then eventually continue moving up to 150 etc
  • #204,178
  • Oct 18, 2009 4:56pm Oct 18, 2009 4:56pm
Quoting quecee5
If gj see a 4hr/daily close above 148.50 area then 151.40 is a viable target. . .
(148.50/60 was last weeks close. . .)

If we falter there expect to see a pullback which should be contained by 146/145.50 area before we attack 153/154/157. . .

Keep in mind weekly swing is 146.37 then up to 151.40/60 area (1st target). . .
Should see this upper level attacked starting Wed into Thursday of this week so be patient and let price range till it bottoms before entry. . .
i shall be watching for this if i can get a good entry somewhere around 146 it might be nice to actually try a proper long term swing trade for once

i shorted at 149 again, going to hold until 147.70 then see what it does.
  • #204,179
  • Oct 18, 2009 5:00pm Oct 18, 2009 5:00pm
Quoting ewokuk
i shall be watching for this if i can get a good entry somewhere around 146 it might be nice to actually try a proper long term swing trade for once

i shorted at 149 again, going to hold until 147.70 then see what it does.
  • #204,180
  • Oct 18, 2009 5:03pm Oct 18, 2009 5:03pm
145.50 area is monthly pivot - only a close below this would suggest the down move will continue. . .

otherwise 151.40/154/157 area is in the cards for GJ before we see any significant move lower. . .

Good luck in your trading and see u all mid week. . .

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