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

  • #211,281
  • Jan 6, 2010 10:02pm Jan 6, 2010 10:02pm
i should wait for 147 before decide for long
  • #211,282
  • Jan 6, 2010 11:50pm Jan 6, 2010 11:50pm
Quoting Beljevina
147.4 is a pivot, and I've found that the Asia session has PA that touches it at least 7 out of 10 sessions. As I write, GY's being remarkably bullish and if it passes NY's high, my short is gone (but long is on on on and 3x in size)
Quecee, Also want to note that your diligent, timed & well summarized inputs to this thread are invaluable!

I see it's just hit 148.28 - perhaps this is the retest we didn't see before NY's close. My harmonic indi just splashed up this view, which is kind of uncanny should it play out, bearing in mind though the...
Mission accomplished!!! Man, I love the predictability of this pair. (Yes, I am choosing to forget the times when I instead need to punch inanimate objects that surround me). After some dillydallying and a little later than usual in the Tokyo session, she's hit my target of 147.4 (and down to 147.2ish @ time of writing), but should rebound on what looks like stopping volume. Had some shorts from the prev session high, and picked up more when I could confirm the pattern being formed. Have picked up some more longs from here and will get more down to 147, but will need to keep a tight SL and an eye to PA if 147 is broken. The harmonic pattern indi served me fairly well, and is calling for a 147.2 bottom on M5. Am attaching a 1H view that shows more downside, but bottom calling on the higher TFs is even less accurate. Am expecting uppage from London, although games are not unexpected hence watching for PA below 147.
  • #211,283
  • Jan 6, 2010 11:52pm Jan 6, 2010 11:52pm
... chart got dumped:
Attached Image (click to enlarge)
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  • #211,284
  • Jan 6, 2010 11:56pm Jan 6, 2010 11:56pm
Added a touch more to my long position too, I love bargain shopping!
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  • #211,285
  • Jan 7, 2010 12:02am Jan 7, 2010 12:02am
Quoting Geppy
Added a touch more to my long position too, I love bargain shopping!
Let's hope it is a bargain, and not a fire sale of defective merchandise!
  • #211,286
  • Jan 7, 2010 12:12am Jan 7, 2010 12:12am
Quoting Beljevina
Let's hope it is a bargain, and not a fire sale of defective merchandise!
That 4H looks way too juicy to be a fire sale.
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  • #211,287
  • Jan 7, 2010 12:21am Jan 7, 2010 12:21am
Quoting Geppy
That 4H looks way too juicy to be a fire sale.
How do you mean? (Chart included to save you some work)

P.S. - As we're headed down further, I've picked up some shorts, expecting 147 or support @ 146.85 to be it. Given the time of this down move (just before London FX gets going) it wouldn't surprise me to see a quick drop to the intended ceiling, then a tall bar up as London comes alive. Am only speculating on what I've seen in the past in similar situations, esp. as Asia & London rarely take GY in the same direction.
Attached Image (click to enlarge)
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  • #211,288
  • Jan 7, 2010 12:31am Jan 7, 2010 12:31am
Quoting Beljevina
How do you mean? (Chart included to save you some work)

P.S. - As we're headed down further, I've picked up some shorts, expecting 147 or support @ 146.85 to be it. Given the time of this down move (just before London FX gets going) it wouldn't surprise me to see a quick drop to the intended ceiling, then a tall bar up as London comes alive. Am only speculating on what I've seen in the past in similar situations, esp. as Asia & London rarely take GY in the same direction.
Beljevina,

If you look at the 4H, we blasted off some serious uptrend support as our last up-move. Right now we're consolidating that move and coiling for the next push up. The low of this 4H candle so far is right between the 50% and 61.8% fib retracements. My bread and butter is buying into consolidation drops like this... it's a perfect time to add to your position (in my opinion). Once the up-move starts again we may not have another opportunity to buy at these levels - JUICY!
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  • #211,289
  • Jan 7, 2010 12:33am Jan 7, 2010 12:33am
Quoting donfriday
i need a place where i can buy again but kinda not sure but 4hrs gj still give a buy signal do we close doji on previous candle but when we have wm2-3 on same bar it's a very strong signal...i may buy 147.05-15..presently on congestion 1hr
this is the price NY market press buy yesterday......from here we could have reversal or 4hrs Gann..if not i dont know again cus 146.80 should be okay..this pair damn crazy
MY OPINION NOT FINANCIAL ADVISE
  • #211,290
  • Jan 7, 2010 12:35am Jan 7, 2010 12:35am
Quoting donfriday
this pair damn crazy
Perhaps, yes. But I love this pair. I love it so much it makes my girlfriend jealous (and that's only half joking )
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  • #211,291
  • Jan 7, 2010 12:38am Jan 7, 2010 12:38am
Quoting Geppy
Beljevina,

If you look at the 4H, we blasted off some serious uptrend support as our last up-move. Right now we're consolidating that move and coiling for the next push up. The low of this 4H candle so far is right between the 50% and 61.8% fib retracements. My bread and butter is buying into consolidation drops like this... it's a perfect time to add to your position (in my opinion). Once the up-move starts again we may not have another opportunity to buy at these levels - JUICY!
Thanks Geppy ... I saw the fibs support, 38.2% weekly support & are just above the 20 day SMA, so hopefully backing up the truck here is the right thing to do.
  • #211,292
  • Jan 7, 2010 12:50am Jan 7, 2010 12:50am
omg ..my 145.05 hold...
MY OPINION NOT FINANCIAL ADVISE
  • #211,293
  • Jan 7, 2010 12:54am Jan 7, 2010 12:54am
Quoting Geppy
Perhaps, yes. But I love this pair. I love it so much it makes my girlfriend jealous (and that's only half joking )

you joking..ive lost my 2nd girlfriend of this pair
  • #211,294
  • Jan 7, 2010 1:05am Jan 7, 2010 1:05am
Quoting Beljevina
Thanks Geppy ... I saw the fibs support, 38.2% weekly support & are just above the 20 day SMA, so hopefully backing up the truck here is the right thing to do.
See now... back to 148 area, now did I say juicy or did I say JUICY!

Quoting Gucc
you joking..ive lost my 2nd girlfriend of this pair
lol at least it wasn't your 2nd wife... she can't take half of all those delicious pips!
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  • #211,295
  • Jan 7, 2010 1:08am Jan 7, 2010 1:08am
Quoting donfriday
omg ..my 145.05 hold...
I will clean wall street if gj crash.my acc will Kaboom if it drop..sl
Attached Image (click to enlarge)
Click to Enlarge Name: 1-7-2010 7-00-19 AM.png Size: 25 KB
MY OPINION NOT FINANCIAL ADVISE
  • #211,296
  • Jan 7, 2010 1:09am Jan 7, 2010 1:09am
Quoting Geppy
See now... back to 148 area, now did I say juicy or did I say JUICY!
we need more of that JUICE! 80 pips in less than 10 mins, I like that a lot
  • #211,297
  • Jan 7, 2010 1:12am Jan 7, 2010 1:12am
Quoting uksnowman
we need more of that JUICE! 80 pips in less than 10 mins, I like that a lot
Patience Daniel son... it's coming. Once we crack 148.50 it's gonna be smooth sailing for longs.
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  • #211,298
  • Jan 7, 2010 1:12am Jan 7, 2010 1:12am
Quoting Geppy
See now... back to 148 area, now did I say juicy or did I say JUICY!
Gotta love it - a 70 pip M5 bar - haven't seen one of those in a while - it almost spans the whole of Asia's PA!

Am looking for a VSA test just after that super-tall bar but I don't think the current PA is conducive to it; had a weird price floor formation too, but I'm not complaining. Would though like to load up some more during a pullback. GL to us all!
  • #211,299
  • Jan 7, 2010 1:21am Jan 7, 2010 1:21am
Quoting Geppy
See now... back to 148 area, now did I say juicy or did I say JUICY!



lol at least it wasn't your 2nd wife... she can't take half of all those delicious pips!
Congratulation! calling long at the right time.

But, it went up not because of some fib number, also when it went down not because of some mkt manipulation or technical reason.

gpp/jpy went down earlier, because Dubai govt failed to pay some foreign contractors and they stopped working without pay.

And, it went up because, sourced from 4cast service 'usd/jpy jumps to highs of 92.76, up from 92.15-20, and EUR/JPY back up to 133.05-10 from 132.65-70 on back of MoF Naoto Kan comments that he wants Yen to weaken more and must work with BoJ to bring Yen to appropriate levels'.

So, sometime fibs number play funny games.
  • #211,300
  • Jan 7, 2010 1:22am Jan 7, 2010 1:22am
Quoting manz66
Congratulation! calling long at the right time.

But, it went up not because of some fib number, also when it went down not because of some mkt manipulation or technical reason.

gpp/jpy went down earlier, because Dubai govt failed to pay some foreign contractors and they stopped working without pay.

And, it went up because, sourced from 4cast service 'usd/jpy jumps to highs of 92.76, up from 92.15-20, and EUR/JPY back up to 133.05-10 from 132.65-70 on back of MoF Naoto Kan comments that he wants Yen to weaken more and must work with BoJ to bring...
Really? I thought Fibs were like trampolines... just jump on them and bounce up. Guess I better re-learn how to trade!
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