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

  • #213,681
  • Jan 29, 2010 9:36am Jan 29, 2010 9:36am
Quoting Gucc
it still look scary,,rather wait for the next 78.6,,, we might not be in a wedge...ill wait
ya scary.if still in wedge so the best is sell it again down to 78.6. need to wait for confirm 1st..once it break up...then no move wedge.
  • #213,682
  • Jan 29, 2010 9:41am Jan 29, 2010 9:41am
looks like we'll be closing the week with a pin bar.... errr, I mean doji
check out my blog: forexmademillionaire dot com
  • #213,683
  • Jan 29, 2010 9:43am Jan 29, 2010 9:43am
ok i made up my mind ,if we close this week as a doji,,ill enter long on sunday and hope for a moring star next week.. stop below 143.60 ..
  • #213,684
  • Jan 29, 2010 9:43am Jan 29, 2010 9:43am
Quoting Geppy
looks like we'll be closing the week with a pin bar.
more like a doji..
  • #213,685
  • Jan 29, 2010 10:08am Jan 29, 2010 10:08am
KABOOM..

Good LUCK Longs..



Quoting rgitt05
All week the market priced in all the expected news in advanced..

Buy on rumor and sell on news from the beginning of the week with all bad data and today get SUCKERS into this BS rally..

Good Luck longs..

Trend is your friend..

KABOOM!!!

[
  • #213,686
  • Jan 29, 2010 10:10am Jan 29, 2010 10:10am
If the H&S pattern does not hold, it will be a major disappointment.

Major for the bulls - price will likely drop big time.

NM
  • #213,687
  • Jan 29, 2010 10:16am Jan 29, 2010 10:16am
I've got my stop loss in place so I'm just observing. This could still be part of the right shoulder... I love not having to think when you have sl and tp in place
check out my blog: forexmademillionaire dot com
  • #213,688
  • Jan 29, 2010 10:16am Jan 29, 2010 10:16am
Quoting rgitt05
KABOOM..

Good LUCK Longs..

That's a nice kaboom! I have some nice shorts! But how far can we go today?
  • #213,689
  • Jan 29, 2010 10:22am Jan 29, 2010 10:22am
i didn't even bother to take a trade today... chart looks undecided and stops would have been too large for me.
144.66 is key for now. a daily close today below this level would mean continuation of drop, probably to 142. otherwise, back to 145.49 or even 146.60.
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #213,690
  • Jan 29, 2010 10:30am Jan 29, 2010 10:30am
the real puzzle here would be u-j. let's look closely where today's close will be, but if it stays like that then i think we're about to see more higher prices.
on the other hand, if it closes below then 90.27 we're back in kaboom business .
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #213,691
  • Jan 29, 2010 10:52am Jan 29, 2010 10:52am
okay.
Quoting Scrat
i didn't even bother to take a trade today... chart looks undecided and stops would have been too large for me.
144.66 is key for now. a daily close today below this level would mean continuation of drop, probably to 142. otherwise, back to 145.49 or even 146.60.
  • #213,692
  • Jan 29, 2010 10:57am Jan 29, 2010 10:57am
GY kaboomed for a reasons - this time, because of a US investment bank having sold $400M in USDJPY. Completely undid the GDP gains of this morning, & killed all the yen crosses. You gotta wonder if Obama & the US gov't really want this to stimulate export growth and if his anti-bank speech is genuine.
  • #213,693
  • Jan 29, 2010 11:36am Jan 29, 2010 11:36am
Enjoyed the last two days...
Attached Image(s) (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #213,694
  • Jan 29, 2010 12:06pm Jan 29, 2010 12:06pm
whoop..cad/jpy played out like the way i wanted,,added on the right place,,will wait for the other 78.6 turn to add more..the aud/usd broke the MAJOR SUPPORT..will wait patient for ress the confirm it ,and i was glad i did not bother about the gbp/jpy 2day..i knew it was not a valid H&S pattern,,and we will see lower lows next week..hopefully we will see as low as 141.70 .

i will jamm a few shorts on the gbp/jpy when the cad/jpy broke out of the wedge patern.only way i will know when the gbp/jpy wil have a sudden drop to 143/142 ,where ever,,dont bother where it will form a base..but so far,,the daily had no sign so far of a base,,the weekly dont close as a doji,and im still on the sideline..
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  • #213,695
  • Jan 29, 2010 12:15pm Jan 29, 2010 12:15pm
the usd/jpy turn right at the conf area of 90.90,where i pointed it out to don..hopefully he exit there,and i expected the usd/jpy will drop as low as 86.99/ 88
  • #213,696
  • Jan 29, 2010 12:27pm Jan 29, 2010 12:27pm
GU is clear from my view hear .Bearish all tf ..
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MY OPINION NOT FINANCIAL ADVISE
  • #213,697
  • Jan 29, 2010 12:34pm Jan 29, 2010 12:34pm
ok this is gonna be fun the next couple of months ,where i add shorts all the way to 0.6550 at untested support level.. guess what its the 78.6 .and we also get ress at the 78.6 ? are we in for a massive pennant formation ... for a huge bullish move in the future ? but for now ,i will play my short entry all the way to the 0.6550 level ...

im already short at the break of the major support at 0.8910 ,,we will test it again somwhere next week,or next month to confirm it...
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  • #213,698
  • Jan 29, 2010 12:41pm Jan 29, 2010 12:41pm
depends how u-j will close today. it might not drop further, or even start a rally towards 98... i'll post more details after ny close.

Quoting Gucc
the usd/jpy turn right at the conf area of 90.90,where i pointed it out to don..hopefully he exit there,and i expected the usd/jpy will drop as low as 86.99/ 88
Nihil Sine Deo.
  • #213,699
  • Jan 29, 2010 12:47pm Jan 29, 2010 12:47pm
don't rush in yet. take a look at monthly chart. although bias is bearish, 1.5980 area is still major support. if this one is taken, then yeaaaaaah! i'll be busy buying bags to collect all the pips from some decent shorts

Quoting donfriday
GU is clear from my view hear .Bearish all tf ..
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Nihil Sine Deo.
  • #213,700
  • Jan 29, 2010 12:48pm Jan 29, 2010 12:48pm
Quoting Scrat
depends how u-j will close today. it might not drop further, or even start a rally towards 98... i'll post more details after ny close.
you have view on GU scrat?
MY OPINION NOT FINANCIAL ADVISE
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