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

  • #211,801
  • Jan 13, 2010 3:07am Jan 13, 2010 3:07am
  • #211,802
  • Jan 13, 2010 3:09am Jan 13, 2010 3:09am
its almost done its daily range already so it might just range for rest of day, or might be a large range day if it keeps going. uj looks like its breaking the pivot and still has 50 pips to go to complete its daily range so 149.50 looks possible.

but a 50%, a 38.2 AND the weekly pivot ALL sit between 148.34 and 148.38 so im waiting for a retrace away from it to go long or a break above 148.50 (by which time its already overdone its daily range so may not be worth it).

i think some bad news might provide the temporary pullback needed to go long once it spikes and and gets bought
  • #211,803
  • Jan 13, 2010 3:09am Jan 13, 2010 3:09am
hi quecee, looks up is prefer now...
Quoting quecee5
  • #211,804
  • Jan 13, 2010 3:09am Jan 13, 2010 3:09am
Quoting quecee5

qeeucee... talk to us.. what is youre view now .still 153 ?
  • #211,805
  • Jan 13, 2010 3:19am Jan 13, 2010 3:19am
you guys make me laugh
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  • #211,806
  • Jan 13, 2010 3:19am Jan 13, 2010 3:19am
I`ll wait 149.5.
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  • #211,807
  • Jan 13, 2010 3:27am Jan 13, 2010 3:27am
well either someone knows what the news is going to be, someones marking it up as much as they possibly can just before the news, or someones got balls enough to buy the crap out of it right before news

london barely open and we have already broken yesterdays high to form bull engulfing daily.
  • #211,808
  • Jan 13, 2010 3:32am Jan 13, 2010 3:32am
Quoting ewokuk
well either someone knows what the news is going to be, someones marking it up as much as they possibly can just before the news, or someones got balls enough to buy the crap out of it right before news

london barely open and we have already broken yesterdays high to form bull engulfing daily.
Guys, look at GU and UJ and you know what's happening with GJ
Don't be a hero. Don't have an ego. Always question yourself
  • #211,809
  • Jan 13, 2010 3:33am Jan 13, 2010 3:33am
Quoting ewokuk
well either someone knows what the news is going to be, someones marking it up as much as they possibly can just before the news, or someones got balls enough to buy the crap out of it right before news

london barely open and we have already broken yesterdays high to form bull engulfing daily.
What news?
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  • #211,810
  • Jan 13, 2010 3:34am Jan 13, 2010 3:34am
What happen?
Quoting USD-Bear
Guys, look at GU and UJ and you know what's happening with GJ
  • #211,811
  • Jan 13, 2010 3:36am Jan 13, 2010 3:36am
Quoting special0nefx
What happen?
yep... it's going up like it's supposed to
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  • #211,812
  • Jan 13, 2010 3:37am Jan 13, 2010 3:37am
Quoting special0nefx
What happen?
It moves
Don't be a hero. Don't have an ego. Always question yourself
  • #211,813
  • Jan 13, 2010 3:38am Jan 13, 2010 3:38am
GU break the high lol...GJ moving up but not enough target...still range
Quoting USD-Bear
It moves
  • #211,814
  • Jan 13, 2010 3:43am Jan 13, 2010 3:43am
I'm waiting for 150.25ish range in which I will shave off some of my longs... wait for a healthy retracement to put them back on (plus new extra ones) at which time everyone will start yelling double top and then "KABOOM" and all kinds of crap near the bottom of the retracement and start selling. Then we'll go higher (again) and crack the previous highs in the 150.70 region and look to 152 or so initially.

That's my plan.
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  • #211,815
  • Jan 13, 2010 3:51am Jan 13, 2010 3:51am
I don't like the PA....it looks like that (on 60mn chart) GJ moves up with supporting vol but the price can't close at the high...it often close at near the bottom or in the middle
Hidden sellers ?
COT: The precious data ignored
  • #211,816
  • Jan 13, 2010 3:52am Jan 13, 2010 3:52am
Quoting Geppy
I'm waiting for 150.25ish range in which I will shave off some of my longs... wait for a healthy retracement to put them back on (plus new extra ones) at which time everyone will start yelling double top and then "KABOOM" and all kinds of crap near the bottom of the retracement and start selling. Then we'll go higher (again) and crack the previous highs in the 150.70 region and look to 152 or so initially.

That's my plan.
Hi Geppy, I realize that I have not the experience you have in forex, but so much can happen between 146-152 wouldn't it be wise to be a little more flexible within this range?
Don't be a hero. Don't have an ego. Always question yourself
  • #211,817
  • Jan 13, 2010 3:53am Jan 13, 2010 3:53am
The 4th wave may be a skin game + that 1h diagonal triangle - may be a reversal, so I say /as Stanislavsky/: "Don`t Believin it".
  • #211,818
  • Jan 13, 2010 3:56am Jan 13, 2010 3:56am
ya it can't close at high really something bother it.
Quoting kuroro001
I don't like the PA....it looks like that (on 60mn chart) GJ moves up with supporting vol but the price can't close at the high...it often close at near the bottom or in the middle
Hidden sellers ?
  • #211,819
  • Jan 13, 2010 3:59am Jan 13, 2010 3:59am
Quoting grashid
if me better am waiting at 148.30/50-149 area...mmm...
so wonderful
  • #211,820
  • Edited 4:28am Jan 13, 2010 4:03am | Edited 4:28am
Looking at the 1hr and 4hr chart suggest it has room to move up. . . I'm a little skeptical about 153 at this point until I see a solid close above 149.50.

Reason I say this is the daily chart is diverging lower suggesting that there is strong resistance to the upside and I'm looking for an eventual slide lower and 145 might be the target after the upside on 1hr and 4hr play out. . .
(1hr and 4hr aligned with daily divergence spells lower price eventually)

GU is hitting resistance on the 4hr chart and daily resistance lies up ahead at 1.6320 area which may trigger the downside momentum in GJ. . .

Monitor the 1hr and 4hr chart and once you see the upward divergence play out I would look toward entering short on a GU failure to break daily resistance.

Also look at UJ - looks to me it's in a corrective mode only and a downside wave is forthcoming toward 90-89.50. . .

That being said I think we will see GJ lower based on GU news not being convincing that the UK is out of the woods (recession) just yet as expected and at most I can see "geppy" is back to daily gann at 149.25/30 maybe a test of 149.50/60 max. . .
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