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

  • #213,001
  • Jan 25, 2010 1:19pm Jan 25, 2010 1:19pm
i made a statement 1 month ago,that the eur/jpy had more leverage to the downside than the gbp/jpy...

the gbp/jpy wont see below 135,,, i will say it again,possibly a spike low to 130,and that will be the the low,before a tortous basing ought to start..

many traders here, say 118 and below,, but i stand firm we wont see below 130 ..


the NZD and the AUS are extreme bearish and the COT reading say a reading of 100, that is bearish reversal... but again the jpy is extreme bullsih,.. but its a mess with the gbp..

you might get a better return with a aus/jpy and nzd/jpy than the gbp/jpy ..

but trade your charts!
  • #213,002
  • Jan 25, 2010 1:30pm Jan 25, 2010 1:30pm
Some very strong buying of Sterling today. 4hr volumes support this upmove.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr vol.gif Size: 24 KB
  • #213,003
  • Jan 25, 2010 2:28pm Jan 25, 2010 2:28pm
Most traders at fxcm are short the gbp/usd and the gbp/jpy as you can see from the SSI
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot Studio capture #31.jpg Size: 155 KB
Im a zombie.. "Rawr"
  • #213,004
  • Jan 25, 2010 2:47pm Jan 25, 2010 2:47pm
Quoting defariak
Most traders at fxcm are short the gbp/usd and the gbp/jpy as you can see from the SSI

90% of retail traders fail also..
  • #213,005
  • Jan 25, 2010 2:50pm Jan 25, 2010 2:50pm
95% actually
But its always good to know what the herd is doing.
Im a zombie.. "Rawr"
  • #213,006
  • Jan 25, 2010 2:52pm Jan 25, 2010 2:52pm
Quoting defariak
Most traders at fxcm are short the gbp/usd and the gbp/jpy as you can see from the SSI
Based on that info we should go short in UJ one of the reasons I'm shorting GJ....
Don't be a hero. Don't have an ego. Always question yourself
  • #213,007
  • Jan 25, 2010 2:52pm Jan 25, 2010 2:52pm
Quoting defariak
Most traders at fxcm are short the gbp/usd and the gbp/jpy as you can see from the SSI
all this means nothing if you scalp..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #213,008
  • Jan 25, 2010 2:56pm Jan 25, 2010 2:56pm
Quoting england33
all this means nothing if you scalp..
well since only 5% of traders suceed at trading and only 1% of those sucessful traders are scalpers that would go to show that 99.80ish % of scalpers fail so I wouldnt base any info on wether its pertinent to scapers or not heh
Im a zombie.. "Rawr"
  • #213,009
  • Jan 25, 2010 3:08pm Jan 25, 2010 3:08pm
Quoting gl4di4t0r
seems it's the last stage of upmoves, no demand

Agree....no more demand on the upmove anymore, same thing fo GU and GY but i can't see any sign of reversal yet.
We might see a spike up to wipe out all buyers left then head down
COT: The precious data ignored
  • #213,010
  • Jan 25, 2010 3:24pm Jan 25, 2010 3:24pm
the daily close on the Uk platform look bad for bearish tommorrow,, i think we see 147.50 before a reversal 2morrow..

stil an hour an a half left before UK platform daily close,but so far not a good sign..
  • #213,011
  • Edited 4:34pm Jan 25, 2010 3:28pm | Edited 4:34pm
This could end UP in 152.89--- 154.30 area..by MID FEB...(Valentine)...

Today we may have Bullish engulfing on Daily...

IF uj moves to 95 level.. say hello to 154 and above..

There may be a Spike down to complete wave B...If 5 Waves are Done..then we are in WaveA of ABC...(Small Tfs) ..Nothing Major..
If this is wave 4 it should not exceed 147.55..

147.54 would be a Good place to Short...if that Goes...expect Higher Prices..

No Kaboom...Bet Volume must be Supporting it as well..

Big Dogs Bought it at a Bargain Price...Option Contract must be to Sell High..Which is a Good thing...Cause I will sell the Sh***t out it...NEXT Quarter.

Happy Pippin...

http://www.forexfactory.com/showthre...05#post3395305
Markets are not Random, they are designed!
  • #213,012
  • Jan 25, 2010 3:37pm Jan 25, 2010 3:37pm
Quoting Raza
This could end UP in 154 area..by MID FEB...(Valentine)...

Today we may have Bullish engulfing on Daily...

IF uj moves to 95 level.. say hello to 154 and above..
Doesn't look very likely to me, strong resistance around 90.33 :
H1:
Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #213,013
  • Edited 3:54pm Jan 25, 2010 3:43pm | Edited 3:54pm
Quoting USD-Bear
Doesn't look very likely to me, strong resistance around 90.33 :
H1:
Attachment

This and other Resistences have been Violated Several Times...

IMO....this level Does not mean Any thing..other than accumulation/ distribution..

Tecnically G/J should had dropped to 144.46 - 143.46 level...never know it may tomorrow..key is 147.56...
Markets are not Random, they are designed!
  • #213,014
  • Jan 25, 2010 3:51pm Jan 25, 2010 3:51pm
we need a 50 pip drop in the next hour,,or close to 50 pip..
  • #213,015
  • Edited 4:03pm Jan 25, 2010 3:53pm | Edited 4:03pm
Geppy's daily chart still suggest lower price. . .
As stated earlier a.m. - gj would see a retrace back to the daily 5 sma which it looks to have hit it to the pip!

Price continues to close below daily gann and now it looks as if it will close below the daily 5 sma for a second day and below 147.10/30 resistance as well. . .

We have now traveled 61.8% off the low and 76.8% will probably cap this up move before we see price head further south. . .

Side note: ucad was a gd short off the high. . .
  • #213,016
  • Jan 25, 2010 4:28pm Jan 25, 2010 4:28pm
daily GJ still in bearish mode.. the move up was expected and now short 146.57 sl 147.50...no tp as long as we dont break this major resistance we still have more room to go down daily macd decreasing lower..
MY OPINION NOT FINANCIAL ADVISE
  • #213,017
  • Jan 25, 2010 4:40pm Jan 25, 2010 4:40pm
Be aware that the World Economic Forum's annual meeting begins on Saturday in Davos, Switzerland:

WEF annual meetings are held in Davos and attended by central bankers, prime ministers, finance ministers, trade ministers, and business leaders from over 90 countries. Most meetings are open to the press and officials usually talk with reporters throughout the day. Comments from central bankers and other influential officials can create significant market volatility
Markets are not Random, they are designed!
  • #213,018
  • Jan 25, 2010 4:53pm Jan 25, 2010 4:53pm
Quoting donfriday
daily GJ still in bearish mode.. the move up was expected and now short 146.57 sl 147.50...no tp as long as we dont break this major resistance we still have more room to go down daily macd decreasing lower..

Really??

Thought it was going straight to 143 - 141 - 139 - 130 ..
Markets are not Random, they are designed!
  • #213,019
  • Jan 25, 2010 4:57pm Jan 25, 2010 4:57pm
Quoting Raza
Really??

Thought it was going straight to 143 - 141 - 139 - 130 ..
lol.. why didnt we reverse to long ..a 200 pip move..ai..
  • #213,020
  • Jan 25, 2010 4:59pm Jan 25, 2010 4:59pm
im pretty sure,,some here blows their accounts,, who listen to the kaboomers..straight to 139 etc.. no stop..
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