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

  • #208,041
  • Nov 17, 2009 1:12pm Nov 17, 2009 1:12pm
GBP/CHF has just hit overbought +1/8 MM on 30 min chart...won't be bad for a 50 pip drop....if you are bored w/ GJ

Cheers
  • #208,042
  • Nov 17, 2009 1:16pm Nov 17, 2009 1:16pm
Nice triangle... now which way will it break?
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  • #208,043
  • Nov 17, 2009 2:17pm Nov 17, 2009 2:17pm
After it breaks this triangle the question is up or down?

My daily digital filter says down and the monthly also-
The weekly is neutral so I am opting for down-

However...... don't take my word for it.......
  • #208,044
  • Nov 17, 2009 2:44pm Nov 17, 2009 2:44pm
i go for up. risk is firmly off at the moment, even bad news releases are not being sold, no reason for pound to show much weakness, if it isnt going to do it on dire gdp and yet more QE then it probably isnt going to do it. Theres also the possibility of cadbury being sold and i believe some other M&A but cant remember who it was. increased inflation today might also help if they see the possibility of rates being rates sooner rather than later.

What might take it down is UJ dropping but that seems to be above major support, and if it breaks theres always the possibility that japan will intervene, either literally or verbally.

things change, shit happens, but right now im looking up not down.
  • #208,045
  • Nov 17, 2009 3:12pm Nov 17, 2009 3:12pm
Quoting ewokuk
i go for up. risk is firmly off at the moment, even bad news releases are not being sold, no reason for pound to show much weakness, if it isnt going to do it on dire gdp and yet more QE then it probably isnt going to do it. Theres also the possibility of cadbury being sold and i believe some other M&A but cant remember who it was. increased inflation today might also help if they see the possibility of rates being rates sooner rather than later.

What might take it down is UJ dropping but that seems to be above major support, and if it breaks...
there is nothing to stop cable of going up....
The Market pays you to be disciplined
  • #208,046
  • Nov 17, 2009 4:06pm Nov 17, 2009 4:06pm
Quoting USD-Bear
Shorting @ 150.0 150.25 150.50 and 150.75
SL @ 151.25
Target @ 100.00
See no reason to abolish my plan, 2 shorts in, will wait for the 150.50 level and remove the 150.75 entry-level because it would tend above daily resistance now.
Don't be a hero. Don't have an ego. Always question yourself
  • #208,047
  • Nov 17, 2009 4:31pm Nov 17, 2009 4:31pm
gj15m
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  • #208,048
  • Nov 17, 2009 5:08pm Nov 17, 2009 5:08pm
Quoting ewokuk
i go for up. risk is firmly off at the moment, even bad news releases are not being sold, no reason for pound to show much weakness, if it isnt going to do it on dire gdp and yet more QE then it probably isnt going to do it. Theres also the possibility of cadbury being sold and i believe some other M&A but cant remember who it was. increased inflation today might also help if they see the possibility of rates being rates sooner rather than later.

What might take it down is UJ dropping but that seems to be above major support, and if it breaks...

Malcolm votes is for down rather than up- wonder why
  • #208,049
  • Nov 17, 2009 5:39pm Nov 17, 2009 5:39pm
I agree with the bullish sentiment.

A 300-400 drop in the Dow would likely push things down a bit. I think we need fear to return for the flight from risk trade.

A double top in Cable is a possibility.

NM
  • #208,050
  • Nov 17, 2009 6:07pm Nov 17, 2009 6:07pm
Quoting bidie
Malcolm votes is for down rather than up- wonder why
I am perma bear that is why ... now watch it go to 165


reason is easy

US indexes are at new high for year ....they really are running in fumes

yet best gj can do is 151.....it cannot even get back to 163 we saw earlier this year , to me that does not signify a bullish sentiment

I might be wrong but i am counting wave 2 completion gu at about 1.6850...might be way off base on this....as markets are constantly surprising me these days
Blogging daily now at www.volume.zone
  • #208,051
  • Nov 17, 2009 6:13pm Nov 17, 2009 6:13pm
What are your thoughts on GU after 1.6850?


Quoting malcolmb14
I am perma bear that is why ... now watch it go to 165


reason is easy

US indexes are at new high for year ....they really are running in fumes

yet best gj can do is 151.....it cannot even get back to 163 we saw earlier this year , to me that does not signify a bullish sentiment

I might be wrong but i am counting wave 2 completion gu at about 1.6850...might be way off base on this....as markets are constantly surprising me these days
  • #208,052
  • Nov 17, 2009 6:29pm Nov 17, 2009 6:29pm
Quoting Fusion
What are your thoughts on GU after 1.6850?
well I have no clue

sorry but right now I really am unsure of fx ....just day trading ... realls non directional and daily range gj getting less and less . Almost like it is coiling up like a spring , but which way is it going to go ?

gu ...well beyond 1.6850 it will test 1.7000...beyond this 1.7500 ?

the interesting thing is though the dx weekly has MASSIVE volume on support 75

that signifies there may be some buying
Blogging daily now at www.volume.zone
  • #208,053
  • Nov 17, 2009 6:44pm Nov 17, 2009 6:44pm
what the hell happened to this thread, once the cream of the crop with greatness, now dwindling away to a trickle of intrest.
In deperate need of a transfusion me thinks

Aus would be rolling over in his grave if he was there (lol)and seen the spirit if this at the current moment.
"Millionaires don't use astrology, billionaires do"
  • #208,054
  • Nov 17, 2009 6:58pm Nov 17, 2009 6:58pm
Quoting OrionsWay
what the hell happened to this thread, once the cream of the crop with greatness, now dwindling away to a trickle of intrest.
In deperate need of a transfusion me thinks

Aus would be rolling over in his grave if he was there (lol)and seen the spirit if this at the current moment.
while gj is doing this I am trading GU , even that I am not loving. ES has been very tradeable recently and have been mostly focused on it

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Blogging daily now at www.volume.zone
  • #208,055
  • Nov 17, 2009 7:00pm Nov 17, 2009 7:00pm
Quoting OrionsWay
what the hell happened to this thread, once the cream of the crop with greatness, now dwindling away to a trickle of intrest.
In deperate need of a transfusion me thinks

Aus would be rolling over in his grave if he was there (lol)and seen the spirit if this at the current moment.
posters are hibernating atm, just like GJ. Once she wakes we'll be here
  • #208,056
  • Nov 17, 2009 7:02pm Nov 17, 2009 7:02pm
Quoting OrionsWay
what the hell happened to this thread, once the cream of the crop with greatness, now dwindling away to a trickle of intrest.
In deperate need of a transfusion me thinks

Aus would be rolling over in his grave if he was there (lol)and seen the spirit if this at the current moment.

It is dying slowly bro....you know what had happen...
  • #208,057
  • Nov 17, 2009 7:16pm Nov 17, 2009 7:16pm
Good Job.... I am short from 150.24...As it Tanks, I plan to Bank.
Quoting USD-Bear
See no reason to abolish my plan, 2 shorts in, will wait for the 150.50 level and remove the 150.75 entry-level because it would tend above daily resistance now.
  • #208,058
  • Nov 17, 2009 7:19pm Nov 17, 2009 7:19pm
Quoting malcolmb14
I am perma bear that is why ... now watch it go to 165


reason is easy

US indexes are at new high for year ....they really are running in fumes

yet best gj can do is 151.....it cannot even get back to 163 we saw earlier this year , to me that does not signify a bullish sentiment

I might be wrong but i am counting wave 2 completion gu at about 1.6850...might be way off base on this....as markets are constantly surprising me these days
I was bullish yesterday at least for GCAD & GJ. The thing is, we are unable to break F23.6 (~150.20) or have a closed candle above this price. However, GCAD move more than GJ yesterday to the upside (for a few hundred pips) and stops right at the descending TL. Since GCAD had achieved that and GU & GJ failed to break the resistance, I think I am bearish again. I guess daytrading right now is the best move..
  • #208,059
  • Nov 17, 2009 7:23pm Nov 17, 2009 7:23pm
„kaboom!!!“ - happened, just look:
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  • #208,060
  • Nov 17, 2009 7:32pm Nov 17, 2009 7:32pm
Quoting naatha
„kaboom!!!“ - happened, just look:

Hahaa, hows it going Naatha, tuned and trembling are the price points, thanks bro
"Millionaires don't use astrology, billionaires do"
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