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

  • #209,801
  • Dec 6, 2009 11:18am Dec 6, 2009 11:18am
This is what i see ....i will be watching price to test 150.30-151.20 for possible reversal to go short..the current candle on 4hrs before market close does not give me enough signal to go short but it gave me another signal to go long as add on. daily closed in a strong bullish zone and price accelerated to the up side ..
this 2 levels will be a good to watch..Trade your chart, i may be wrong....c ya when, market open...cheers Don
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #209,802
  • Dec 6, 2009 11:48am Dec 6, 2009 11:48am
150.30 area seems to be the last resistance, if broken then i see nothing stopping the beast from shooting up.

Quoting donfriday
This is what i see ....i will be watching price to test 150.30-151.20 for possible reversal to go short..the current candle on 4hrs before market close does not give me enough signal to go short but it gave me another signal to go long as add on. daily closed in a strong bullish zone and price accelerated to the up side ..
this 2 levels will be a good to watch..Trade your chart, i may be wrong....c ya when, market open...cheers Don
Nihil Sine Deo.
  • #209,803
  • Dec 6, 2009 3:20pm Dec 6, 2009 3:20pm
looks like the pound had a neg gap. not by much though. the usd/jpy is still holding
  • #209,804
  • Dec 6, 2009 3:23pm Dec 6, 2009 3:23pm
Quoting sed34
looks like the pound had a neg gap. not by much though. the usd/jpy is still holding
Same with GJ 70pips or so.. so whens the gap gonna fill?? or is it??

Ah the sunday question..

Hope everyone had a good weekend..
  • #209,805
  • Dec 6, 2009 3:32pm Dec 6, 2009 3:32pm
Asia wont let EUR and GBP get stronger , cuz they need their currency expensive
  • #209,806
  • Dec 6, 2009 3:41pm Dec 6, 2009 3:41pm
But could be wishful thinking though
Don't be a hero. Don't have an ego. Always question yourself
  • #209,807
  • Dec 6, 2009 3:46pm Dec 6, 2009 3:46pm
Quoting USD-Bear
But could be wishful thinking though
Your wishful thinking = the same as my charts show...DOWN:

http://www.forexfactory.com/showthre...47#post3285047

http://www.forexfactory.com/showpost...postcount=1490






.
  • #209,808
  • Dec 6, 2009 4:11pm Dec 6, 2009 4:11pm
For almost six weeks I have been pointing out the " Complex H & S formation" on the weekly chart

http://www.forexfactory.com/showpost...stcount=206494

Here is my weekly and monthly charts I posted for months.

It is great you have the same wishful setup..



Quoting direct-trade
Your wishful thinking = the same as my charts show...DOWN:

http://www.forexfactory.com/showthre...47#post3285047

http://www.forexfactory.com/showpost...postcount=1490






.
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[
  • #209,809
  • Dec 6, 2009 4:55pm Dec 6, 2009 4:55pm
Looks like its going to close the gap or try to.. waiting on Asia or London to possibly get short higher
  • #209,810
  • Dec 6, 2009 4:58pm Dec 6, 2009 4:58pm
What do u think about this bullish position?
at the price 149.44 market has crossed FE 161.8 and also has come back in the last bullish trend .
I will buy there in the rectangle.
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There is no randomness. It is just Chaos, a higher form of order.
  • #209,811
  • Dec 6, 2009 5:08pm Dec 6, 2009 5:08pm
just took 70 on a long from 148. you lot can look down, im gonna look up until proven otherwise

gj gaps down 70 pips and suddenly everyone is calling for kabooms

fridays news was HUGE and if dollar strength and yen weakness continues then gj will not drop, it may retrace a bit on some profit taking, especially in asia today, but it certainly cant kaboom without the help of UJ. Obviously there is the possibility of dubai or some other news causing kabooms but i cant see it doing it for no reason.

I think GJ may retrace during asia today before being bought up again in london and NY. Wouldnt be surprised to see 150 in NY.

GU is another matter, the same dollar strength that will hold GJ up will obviously help GU drop. and with the pound being weak anyway. for me GU shorts are much clearer and safer than GJ at the moment. I am hoping for <1.6000 before year end.
  • #209,812
  • Dec 6, 2009 5:16pm Dec 6, 2009 5:16pm
Quoting ewokuk
just took 70 on a long from 148. you lot can look down, im gonna look up until proven otherwise

gj gaps down 70 pips and suddenly everyone is calling for kabooms

fridays news was HUGE and if dollar strength and yen weakness continues then gj will not drop, it may retrace a bit on some profit taking, especially in asia today, but it certainly cant kaboom without the help of UJ. Obviously there is the possibility of dubai or some other news causing kabooms but i cant see it doing it for no reason.

I think GJ may retrace during asia...

Be prepared to be surprised.
  • #209,813
  • Dec 6, 2009 5:19pm Dec 6, 2009 5:19pm
also

http://www.bloomberg.com/apps/news?p...krHnBmdw&pos=5

last week was yens biggest decline vs dollar in almost 11 years.
  • #209,814
  • Dec 6, 2009 5:40pm Dec 6, 2009 5:40pm
Quoting ewokuk
also

http://www.bloomberg.com/apps/news?p...krHnBmdw&pos=5

last week was yens biggest decline vs dollar in almost 11 years.
what reaction of geppy do you expect to the challenge of strong USD against Yen?
  • #209,815
  • Dec 6, 2009 5:41pm Dec 6, 2009 5:41pm
Quoting ewokuk
just took 70 on a long from 148....
My thought is that the GJ has been held up by the UJ the last while, when really you could say it should have been trading much lower. I tend to think that the kaboom if you will , will come fom the GU. Considering how "weak" the pound is, it still has not come down so much.

Lol thats my 2 cent theory at the moment..

So while I am short biased now, just have to wait and see what direction we will be headed this week

Cheers
  • #209,816
  • Dec 6, 2009 5:41pm Dec 6, 2009 5:41pm
Quoting ewokuk
also

http://www.bloomberg.com/apps/news?p...krHnBmdw&pos=5

last week was yens biggest decline vs dollar in almost 11 years.

Have a look at my posts here (so I don't have to repeat them):

http://www.forexfactory.com/showthre...54#post3285254

My last comment may be of interest. As I said earlier, you may be surprised.
  • #209,817
  • Dec 6, 2009 5:44pm Dec 6, 2009 5:44pm
Quoting rgitt05
For almost six weeks I have been pointing out the " Complex H & S formation" on the weekly chart

http://www.forexfactory.com/showpost...stcount=206494

Here is my weekly and monthly charts I posted for months.

It is great you have the same wishful setup..

Great charts He who waits shall be rewarded...
  • #209,818
  • Dec 6, 2009 5:50pm Dec 6, 2009 5:50pm
Quoting Pip26
What is the pivot level???
Now its time to SELL G/J
  • #209,819
  • Dec 6, 2009 5:58pm Dec 6, 2009 5:58pm
Quoting direct-trade
Have a look at my posts here (so I don't have to repeat them):

http://www.forexfactory.com/showthre...54#post3285254

My last comment may be of interest. As I said earlier, you may be surprised.
I fully agree that we are headed down, though from your charts there is the potential upside of 153 (both yours a Mr Kaboom.. haha).

Why wouldn't you close your trade to get in higher, than have to hold the DD?

I closed my short from friday at 148.15 on the basis that price will return to 149+ before starting downwards, particularly 150.3.

Anyway great charts and insight..
  • #209,820
  • Dec 6, 2009 6:03pm Dec 6, 2009 6:03pm
Quoting Cdawg
I fully agree that we are headed down, though from your charts there is the potential upside of 153 (both yours a Mr Kaboom.. haha).

Why wouldn't you close your trade to get in higher, than have to hold the DD?

I closed my short from friday at 148.15 on the basis that price will return to 149+ before starting downwards, particularly 150.3.

Anyway great charts and insight..
As can be seen from my chart entries in previous posts, Trades currently: G/U at +200, so 1st G/J DD offset a little. G/J Short 14885 currently +50.
I am not waiting for a higher price, because there won't be a higher price

Good luck with your trades
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