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

  • #212,261
  • Jan 16, 2010 1:40pm Jan 16, 2010 1:40pm
Quoting rgitt05
I bet all my money it will break this weekend to the 146 and possible 144 level before any retracement.
gimme
  • #212,262
  • Jan 16, 2010 1:45pm Jan 16, 2010 1:45pm
I am not the easily impressed one but certainly agree with a very thought out analysis.
Thanks

Quoting 45Condor
Was hoping to keep to two, but blew it.
  • #212,263
  • Jan 16, 2010 3:25pm Jan 16, 2010 3:25pm
hmmm seeing huge volume on gj 1h and 4h on friday. also showing on uj but not ej. is it some broker thing (broco) or is something major going on there? its FAR higher than normal. 1h and 4h gj attached. assuming its for real, im trying to work out if thats buying or selling as the volume on 1h shows it increasing on the up move in the middle of the day, but continues increasing on the down move after it too. i think its selling, assuming it isnt just broker strangeness. wheres malcolm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 49 KB
Click to Enlarge Name: gj1h.gif Size: 51 KB
  • #212,264
  • Edited 4:29pm Jan 16, 2010 3:34pm | Edited 4:29pm
there was also a HUGE spike on the 1h gu near start of asia, visible on eu, gu and au, so dollar related. again might be some dodgy broker spike but its on all 3 pairs, looked like huge dollar buying. as eu and au both continued down. only gu continued up for the next few hours and then dropped later. but if you look at the rsx and the macd, both look like they are likely to head up, but 4h shows the opposite, heading down strongly and just crossed 50 on the rsx. higher timeframes override lower so perhaps we see a small bounce towards 6300 before it continues lower, maybe even a dt at 6350?? monday will probably be quiet as usual with lack of news AND NY being closed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
Click to Enlarge Name: gu4h.gif Size: 42 KB
  • #212,265
  • Jan 17, 2010 2:13am Jan 17, 2010 2:13am
Of course, it is all so clear...
Attached Image (click to enlarge)
Click to Enlarge Name: gu fib fan daily_170110.gif Size: 37 KB
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  • #212,266
  • Jan 17, 2010 2:29am Jan 17, 2010 2:29am
...and in addition to the BOE Governor, we have the Kraft bid deadline on Tuesday. Should make for pensive faces at the screen.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #212,267
  • Jan 17, 2010 3:37am Jan 17, 2010 3:37am
Well, again failed to keep my analysis to two charts' worth. Ah well, it all helps me to think.

In addition to the comments upon the charts, some GY charts that I run with MAs, CCis etc on them, suggest to me that price is in consolidation - granted, consolidation on Geppy is often a large range, but I am mindful of holding any position too long in order to capture the touted kaboom - this is not to say that I do not expect it, but I will not chase it.

Okay, analysis completed for now, I think, and so I switch from classical to AC/DC.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy fib fan daily_170110.gif Size: 32 KB
Click to Enlarge Name: gy daily_170110.gif Size: 39 KB
Click to Enlarge Name: gy 4hr_170110.gif Size: 32 KB
Click to Enlarge Name: gy 1hr_170110.gif Size: 36 KB
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  • #212,268
  • Jan 17, 2010 10:01am Jan 17, 2010 10:01am
Just hoping this work...following the breakout is the way now ...i expect a trend back to 148.30 it look good for me to sell from that region with tight sl ..this are my target if market still want to sell of from friday closing daily still look bearish to me here....
Just IMO i could be wrong.
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #212,269
  • Jan 17, 2010 10:09am Jan 17, 2010 10:09am
Nice chart setup.. I expect at least target #2 for me before a retracement.. If the Target #3 hits than more pips for me...



IMHO



Quoting donfriday
Just hoping this work...following the breakout is the way now ...i expect a trend back to 148.30 it look good for me to sell from that region with tight sl ..this are my target if market still want to sell of from friday closing daily still look bearish to me here....
Just IMO i could be wrong.
[
  • #212,270
  • Jan 17, 2010 12:37pm Jan 17, 2010 12:37pm
Quoting rgitt05
Keep it simple!!!

151 is a strong resistance from the last two monthly bars.

At the moment the 147 is barely holding up on friday, and I bet all my money it will break this weekend to the 146 and possible 144 level before any retracement.

Overall the PA been in a consolidation zone

139<<X<<153

Kaboom is coming..

IMHO

Trade your charts..


hey rgitt..

ive post whe may get a retrace back to 149,if 146 really hold up and then we may end up in a decsending wedge? that is what i really hope for..seriuos.. to add a ton at 149 .. and a quarter mill, on the break of 146,all the way to 140.. before any off loading..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy02.gif Size: 34 KB
  • #212,271
  • Edited 1:59pm Jan 17, 2010 1:11pm | Edited 1:59pm
Looks good...Waiting for the fall.. It maybe in a consolidating until next month or until the 146 breaks..



Quoting Gucc
hey rgitt..

ive post whe may get a retrace back to 149,if 146 really hold up and then we may end up in a decsending wedge? that is what i really hope for..seriuos.. to add a ton at 149 .. and a quarter mill, on the break of 146,all the way to 140.. before any off loading..
[
  • #212,272
  • Jan 17, 2010 2:13pm Jan 17, 2010 2:13pm
Quoting Gucc
hey rgitt..

ive post whe may get a retrace back to 149,if 146 really hold up and then we may end up in a decsending wedge? that is what i really hope for..seriuos.. to add a ton at 149 .. and a quarter mill, on the break of 146,all the way to 140.. before any off loading..
Yeah i also seen up 1st then Kaboom...
  • #212,273
  • Jan 17, 2010 3:08pm Jan 17, 2010 3:08pm
as the markets open i see no reason why 149 should be seen again short term various posts talk about it but with no valid reason i cant post a chart at the minute but im staying short for the next few days - big moves this week and we shall break the range but we are only ranging as people/traders would have taken a break two weeks before christmas and after for the mug punters this is the week - trust me
  • #212,274
  • Jan 17, 2010 3:22pm Jan 17, 2010 3:22pm
Quoting 45Condor
Of course, it is all so clear...
So, cannot sleep this morning, and so returned to play with the charts. Came up with a set showing additional fans to those posted earlier this weekend, and which seem to support earlier analysis using standard fibs.

Cannot wait for 3 hours time - back to work, and free from insomnia and chart analysis.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu fib fan daily_2_170110.gif Size: 39 KB
Click to Enlarge Name: gu fib fan 4hr_2_170110.gif Size: 35 KB
Click to Enlarge Name: gu fib fan 1hr_2_170110.gif Size: 30 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #212,275
  • Edited 4:37pm Jan 17, 2010 4:20pm | Edited 4:37pm
Quoting cohiba pips
as the markets open i see no reason why 149 should be seen again short term various posts talk about it but with no valid reason i cant post a chart at the minute but im staying short for the next few days - big moves this week and we shall break the range but we are only ranging as people/traders would have taken a break two weeks before christmas and after for the mug punters this is the week - trust me
A hundred pips give or take isnt much. And if we are going to break down, I suspect price gets boosted a bit higher. I am looking at the possibility of 149.44 to 149.91, and untill 146 gets broken, the upside of 152 is still on the table.

That said, sell limits waiting at 148.9 and 149.5
  • #212,276
  • Jan 17, 2010 4:26pm Jan 17, 2010 4:26pm
Right, got my 30 pips for the day. All done.

Must be the quickest target I have ever experienced... I should suffer insomnia more often.

Hope all reach theirs today.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #212,277
  • Jan 17, 2010 4:29pm Jan 17, 2010 4:29pm
Quoting JhonMonsalve
Technically GJ is forming a BIG bearish bear flag on 4h

Attachment

Be careful going long, or try to scalp in the channel.
Same thoughts, same chart

Daily:

Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 25 KB


4H:

We're inside the bear flag yet, a breakout below 147 area is recquired first, for further down movements

Attached Image (click to enlarge)
Click to Enlarge Name: geppy4h.gif Size: 20 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #212,278
  • Jan 17, 2010 5:03pm Jan 17, 2010 5:03pm
Quoting USD-Bear
Short @ 148.5
Closed @ 147.94 for now, will look for new short around 150.00

H4:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0032.png Size: 13 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #212,279
  • Jan 17, 2010 5:09pm Jan 17, 2010 5:09pm
Attached Images
MY OPINION NOT FINANCIAL ADVISE
  • #212,280
  • Jan 17, 2010 5:11pm Jan 17, 2010 5:11pm
Quoting USD-Bear
Closed @ 147.94 for now, will look for new short around 150.00

H4:
Attachment
150 will be hard to see but anything can happen....i dont see any set up that look up tp 150 for now only if trend change.
MY OPINION NOT FINANCIAL ADVISE
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