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

  • #207,001
  • Nov 5, 2009 5:47pm Nov 5, 2009 5:47pm
ok, I'm going to rest. it was long day and +155 pips in the net good luck everyone
  • #207,002
  • Nov 5, 2009 7:41pm Nov 5, 2009 7:41pm
I believe that it is important to point out that 150.50 basically represents the 200 DAY SMA. The 100 DAY SMA is at 151.33. These are two important lines of defense for the bears.

I want to be bullish right now - technically, a lot is in place except for the 100 and 200 SMA - no small potatoes.

NM
  • #207,003
  • Nov 5, 2009 7:50pm Nov 5, 2009 7:50pm
Looks like most here are Bullish for GJ i expect bearishness .I have shorted beast (150.50)&cable(166) on the current spike up after the BOE announcement of Extension in QE by 25 Bln sterling.My fundamental view is that we should head lower in pound sterling i am looking towards 145 area for gj and sub 160 for cable .i will be adding shorts if we go up till 153 is not broken to upside &1.6750 on cable is not violated .
  • #207,004
  • Nov 5, 2009 8:07pm Nov 5, 2009 8:07pm
MA retest and failing.
i'll sell 1st

http://img94.imageshack.us/img94/3918/pagi.gif
  • #207,005
  • Nov 5, 2009 8:09pm Nov 5, 2009 8:09pm
Well, if the DOW can poke through 10,000 and stay for a couple of days then that would probably be enough to get GBP/JPY to 153 and possibly 157'ish. A big bull trap for a later surge down. ?

I cannot see new overall highs.

NM
  • #207,006
  • Nov 5, 2009 8:48pm Nov 5, 2009 8:48pm
Quoting malcolmb14
151.30 to be exact ....

Attachment
Based on M30, GJ will drop first to DPP.
  • #207,007
  • Nov 5, 2009 8:51pm Nov 5, 2009 8:51pm
Hi all,
This is my first post here. I am A BRV follower. Horizontal TL holds more significance than a diagonal TL. GJ looks like it has already made a double top on 4H and there is an inside bar on daily. I will look for any sell setup around 150-150.5 area
  • #207,008
  • Nov 5, 2009 8:56pm Nov 5, 2009 8:56pm
looks like we are in an ascending wedge right now, and coming close to its end. can see a clear pattern in 15 tf

Quoting PandoraBox
Based on M30, GJ will drop first to DPP.
  • #207,009
  • Nov 5, 2009 9:36pm Nov 5, 2009 9:36pm
Quoting Myrza
Hi all,
This is my first post here. I am A BRV follower. Horizontal TL holds more significance than a diagonal TL. GJ looks like it has already made a double top on 4H and there is an inside bar on daily. I will look for any sell setup around 150-150.5 area
valid double top should be ar'd 153ish area. imo
  • #207,010
  • Nov 5, 2009 9:45pm Nov 5, 2009 9:45pm
Quoting just_ha
looks like we are in an ascending wedge right now, and coming close to its end. can see a clear pattern in 15 tf

Technically GJ in bullish mode due to daily above gann and above 5 MA daily. However don't forget about NFP news today. We might see spike down (during news release) before continue upward.
  • #207,011
  • Nov 5, 2009 9:57pm Nov 5, 2009 9:57pm
Quoting PandoraBox
Technically GJ in bullish mode due to daily above gann and above 5 MA daily. However don't forget about NFP news today. We might see spike down (during news release) before continue upward.
  • #207,012
  • Nov 5, 2009 9:58pm Nov 5, 2009 9:58pm
Price just touched a major trendline.
Quoting PandoraBox
Technically GJ in bullish mode due to daily above gann and above 5 MA daily. However don't forget about NFP news today. We might see spike down (during news release) before continue upward.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 26 KB
  • #207,013
  • Nov 5, 2009 10:05pm Nov 5, 2009 10:05pm
Quoting pkimnyc
valid double top should be ar'd 153ish area. imo
Well..just call it a mini double ttop..haha
  • #207,014
  • Nov 5, 2009 10:24pm Nov 5, 2009 10:24pm
I hope so, I would like to get in a long at a much lower level, than where we are currently now... Was long at 149.89, and exited too soon.

Quoting PandoraBox
Technically GJ in bullish mode due to daily above gann and above 5 MA daily. However don't forget about NFP news today. We might see spike down (during news release) before continue upward.
  • #207,015
  • Nov 5, 2009 10:46pm Nov 5, 2009 10:46pm
Quoting PandoraBox
Technically GJ in bullish mode due to daily above gann and above 5 MA daily. However don't forget about NFP news today. We might see spike down (during news release) before continue upward.
I agree with you
Attached Image (click to enlarge)
Click to Enlarge Name: gjh4.gif Size: 14 KB
  • #207,016
  • Nov 5, 2009 11:13pm Nov 5, 2009 11:13pm
Quoting dreed
I hope so, I would like to get in a long at a much lower level, than where we are currently now... Was long at 149.89, and exited too soon.
be careful my friend.. we are bouncing of the daily GAnn 3 days.. and IF we close daily bar ABOVE the GANN, then according to the original strategy, we are Daily Bullish..lots of resistance from 150 to 153.30

from the other side, all this bull move last 3-4 days doesn't look convenience. Lots of divergences, OB levels.. ect..
NFP is here, we may get better then expected numbers, but still to Drop BIG after the number release.. with today's number we are more likely very close to the "magic Number" -10% unemployment in USA.. ( a psychological level)

so, play the music and stay COOL!!
  • #207,017
  • Edited 11:32pm Nov 5, 2009 11:18pm | Edited 11:32pm
Quoting ewokuk
absolutely amazing

they add 25 BILLION pounds to extend QE and the market in all its stupidity obviously sees this as a good thing......purely because they didnt add 50bn LOL
YES.. that's right...

Quote
[GBP/USD] slipped to an intraday low around the 1.6560 level in the first hour of the Asian session before buying from an Asian and European name saw the pair inching up to an intraday high around the 1.6615/20 level. The firmness of the pair was likely due in part to the market's notion that the less than expected expansion of the QEP by the BOE to the tune of Gbp25 bln instead of Gbp50 bln means less money will be printed providing some support to the pair. However, given that the UK economy is still in recessionary mode, the pair will...

[More News]

"[US] Fannie Mae, the embattled mortgage lender has requested for an additional $15 bln in assistance by year's end after posting yet another net qtrly loss, this time of $18.9bln over Q3. The request will result in Fannie Mae's fourth draw on a $200 bln government lifeline, in which it has already received some $44.9 bln in federal govt assistance, under a senior preferred-stock purchase agreement. The mortgage lender also said that it plans to sell $2.6bln in unused tax credits. Shares of Fannie Mae fell nearly 10% to $1.01 in after-hours trading, and continues to signal the ongoing credit crunch as well as weak state of the US's broader housing market. Little market reaction so far, but the news is a negative for risk appetite. "

"[EUR/YEN] is modestly off the NY highs of 135.08/05 (early morning high at 135.04) to the 134.70-60 level. As for this pair and for the other Yen crosses and the Dlr/Yen, Mon lows probably have been registered for this week. Meanwhile, despite stocks strength in Europe and the US, UK and German banks' share prices are hit hard. In the middle east, Saudi Arabia's Algosaibi Group's bad debt problem looms, and European (including Russian) banks and some other institutions in Cayman, Luxemburg, Cyprus, etc are related. Caution would be needed. "
  • #207,018
  • Nov 6, 2009 2:41am Nov 6, 2009 2:41am
Sorry Guys, but this is funny too.. (maybe the last wire news im posting)

"[EU ASSET UPDATE: MARKET GUILTY OF QE SELL-OFF?] In early dealings some choppy movements for EU asset markets, with...

[EU ASSET UPDATE: MARKET GUILTY OF QE SELL-OFF?] In early dealings some choppy movements for EU asset markets, with another relatively large slide in UK paper perhaps the most surprising/worrying. The 10-yr [GILT] future dived to an early session low of 116.28 (-29 ticks on the day), with players perhaps reading a lot/too much into the extra Gbp 25 bn, being the final APF tranche & the UK economy returning to growth after the Q3 contraction ahead of the end of the expiry of latest add (also in time for Feb MPC/BoE QI Report). However, as we mentioned neither the aforementioned are cast in stone, hence a bounce to 116.40 so far. "
  • #207,019
  • Nov 6, 2009 3:19am Nov 6, 2009 3:19am
Quoting Piters
be careful my friend.. we are bouncing of the daily GAnn 3 days.. and IF we close daily bar ABOVE the GANN, then according to the original strategy, we are Daily Bullish..lots of resistance from 150 to 153.30

from the other side, all this bull move last 3-4 days doesn't look convenience. Lots of divergences, OB levels.. ect..
NFP is here, we may get better then expected numbers, but still to Drop BIG after the number release.. with today's number we are more likely very close to the "magic Number" -10% unemployment in USA.. ( a psychological...
With which platform or broker you analyze GANN?
No Signal, No Trade. No fundamenals, No headache.
  • #207,020
  • Nov 6, 2009 3:28am Nov 6, 2009 3:28am
yes plz explain to us more about gann line and also this thing DPP and ES_CONT and thnx for all
High risk High return!
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