finally....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #213,721
- Jan 29, 2010 7:27pm Jan 29, 2010 7:27pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #213,722
- Jan 29, 2010 8:03pm Jan 29, 2010 8:03pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
142 is monthly and daily LTL support. All buyer will sitting at this area.
- #213,723
- Jan 29, 2010 8:22pm Jan 29, 2010 8:22pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
well, 142 is a level pulled from a monthly chart, so in fact we are talking about an area around 142. if it's 142.25 or 141.70 or even 139.60, remains to be seen.
all i know is that below this area we are supposed to see a trend continuation and i intend to ride this beast until either i suck the last pip out of it or ctfc kicks us all out of market
all i know is that below this area we are supposed to see a trend continuation and i intend to ride this beast until either i suck the last pip out of it or ctfc kicks us all out of market
FE 161 = 142.25.
Nihil Sine Deo.
- #213,724
- Edited 8:56pm Jan 29, 2010 8:26pm | Edited 8:56pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
well, 142 is a level pulled from a monthly chart, so in fact we are talking about an area around 142. if it's 142.25 or 141.70 or even 139.60, remains to be seen.
all i know is that below this area we are supposed to see a trend continuation and i intend to ride this beast until either i suck the last pip out of it or ctfc kicks us all out of market
if in fact 142 gets defended then i would expect one more rally up then final move down, but if there is no significant reversal sign at that area
then i agree with trend continuation. 139.50, last holding ground.
- #213,725
- Jan 29, 2010 8:31pm Jan 29, 2010 8:31pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
142 is monthly and daily LTL support. All buyer will sitting at this area.
- #213,726
- Jan 29, 2010 10:17pm Jan 29, 2010 10:17pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
What does this mean? any comment?
- #213,728
- Jan 30, 2010 1:12am Jan 30, 2010 1:12am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i don't know what... a bunch of lines and a square on a chart? 15min is not very reliable, you know. but now even 15min chart agrees to downtrend, so based on this picture i would say DOWN. as long as you keep in mind that it's just a 15min chart.
What does this mean? any comment?
Nihil Sine Deo.
- #213,730
- Jan 30, 2010 8:30am Jan 30, 2010 8:30am
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
closed longs around 145.82 not bad without charts yet again they are selling rallies on the indices hence the coralation might be back giving us a inverted daily hammer of sorts on gj daily looks like support is the next target wherever that maybe wil sit out till im back online
- #213,731
- Jan 30, 2010 4:12pm Jan 30, 2010 4:12pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
February looks all bearish!!!
Based on my charts, I am selling all rallies toward the 78.6% fib levels.
Enjoy the ride down!!
GJ daily minor BLUE TL broke in the overall bearish bias direction
139 strong support zoneA possible reversal in this area again and bounce to the UTL 146-147 before the freefall thru the 139 toward a new low at the end of the month or beginning of March 09
GU daily broke major TL in the overall bearish bias direction.
GU looks like a FREEFALL to 1.49-1.50 range
Fundamentals will support the PA based on this article
USD will get even stronger against the EU and GU in Feb. 2010.
Here is an article I found to support the USD strength PA next month.
by Bryan Rich
Money and Markets
"The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1."
Following the Fed's statement this week, there was a coordinated release of comments from the European Central Bank, the Bank of England and the Swiss National Bank confirming that the swap lines were no longer needed.
For the currency markets, this is a big deal. Yet, few have thought the juicy details of the Fed's plans on currency swaps are of interest.
But I do. I suspected it was a game changer for the dollar when I was studying the statement last December. And so far, the price action in the currency markets is confirming that.
Here's a bit of background ...
In September and October of 2008, the Fed announced that it would be opening temporary currency swap lines with central banks around the world in fixed amounts through April of 2009. As that expiry date neared, the Fed extended the period to October, and then extended it again until February of this year.
Most importantly for currencies, what these currency swaps did was increase the supply of U.S. dollars in the global markets — a negative drag on the value of the dollar.
So with the Fed announcing that it will close its currency swap lines with foreign central banks by February 1, the unlimited access to dollars by foreign central banks has come to an end.
This development is easily a positive for the dollar.
Place your trades for a big FREEFALL next months..
Based on my charts, I am selling all rallies toward the 78.6% fib levels.
Enjoy the ride down!!
GJ daily minor BLUE TL broke in the overall bearish bias direction
139 strong support zoneA possible reversal in this area again and bounce to the UTL 146-147 before the freefall thru the 139 toward a new low at the end of the month or beginning of March 09
GU daily broke major TL in the overall bearish bias direction.
GU looks like a FREEFALL to 1.49-1.50 range
Fundamentals will support the PA based on this article
USD will get even stronger against the EU and GU in Feb. 2010.
Here is an article I found to support the USD strength PA next month.
by Bryan Rich
Money and Markets
"The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1."
Following the Fed's statement this week, there was a coordinated release of comments from the European Central Bank, the Bank of England and the Swiss National Bank confirming that the swap lines were no longer needed.
For the currency markets, this is a big deal. Yet, few have thought the juicy details of the Fed's plans on currency swaps are of interest.
But I do. I suspected it was a game changer for the dollar when I was studying the statement last December. And so far, the price action in the currency markets is confirming that.
Here's a bit of background ...
In September and October of 2008, the Fed announced that it would be opening temporary currency swap lines with central banks around the world in fixed amounts through April of 2009. As that expiry date neared, the Fed extended the period to October, and then extended it again until February of this year.
Most importantly for currencies, what these currency swaps did was increase the supply of U.S. dollars in the global markets — a negative drag on the value of the dollar.
So with the Fed announcing that it will close its currency swap lines with foreign central banks by February 1, the unlimited access to dollars by foreign central banks has come to an end.
This development is easily a positive for the dollar.
Place your trades for a big FREEFALL next months..
[
- #213,732
- Jan 30, 2010 4:55pm Jan 30, 2010 4:55pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
February looks all bearish!!!
Based on my charts, I am selling all rallies toward the 78.6% fib levels.
Enjoy the ride down!!
GJ daily minor BLUE TL broke in the overall bearish bias direction...
much appreciate your explanation about the fundies. thanks bro.
- #213,733
- Jan 30, 2010 5:58pm Jan 30, 2010 5:58pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Enjoy the pips!!!
rgitt,
much appreciate your explanation about the fundies. thanks bro.
[
- #213,734
- Jan 30, 2010 6:18pm Jan 30, 2010 6:18pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Still on track to playout the H & S formation:
Posted this on Nov. 1,2009
http://www.forexfactory.com/showpost...stcount=206494
Here is the current weekly chart:
Posted this on Nov. 1,2009
http://www.forexfactory.com/showpost...stcount=206494
Here is the current weekly chart:
Refer to the " Technical analysis of the financial markets" By John J. Murphy
http://tinyurl.com/yb22j8p
If the 139.00 level breaks ( neckline) look out below..
Complex Head and Shoulder with:
Double heads with left and right shoulders according to the book.
Zig Zag line is still pointing down..If the 153.00 holds than this Complex pattern may play out...
[
- #213,735
- Jan 30, 2010 6:37pm Jan 30, 2010 6:37pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
More fundamentals:
Stocks Ignore Bullish Economic Data; Turn Focus on Risk
James Hyerczyk , Futures Hound
U.S. stock indices had enough information in today’s bullish GDP report to mount a strong rally, but concerns about the debt crisis in Greece and a poor outlook for technology stocks led to a late session sell-off.
If the situation in the Euro Zone continues to escalate and capture the bulk of the headlines, then look for investors to turn more risk averse. This will underpin the Dollar but pressure stock indices and gold.
( Meaning Kaboom for GJ) hehehe
Gold and DJ is dropping slowly.. Good enough for me to load up more sell positions for GJ..
My weekly charts are screaming FREEFALL soon!!!
Trade your charts..
IMHO and my bank account..
Stocks Ignore Bullish Economic Data; Turn Focus on Risk
James Hyerczyk , Futures Hound
U.S. stock indices had enough information in today’s bullish GDP report to mount a strong rally, but concerns about the debt crisis in Greece and a poor outlook for technology stocks led to a late session sell-off.
If the situation in the Euro Zone continues to escalate and capture the bulk of the headlines, then look for investors to turn more risk averse. This will underpin the Dollar but pressure stock indices and gold.
( Meaning Kaboom for GJ) hehehe
Gold and DJ is dropping slowly.. Good enough for me to load up more sell positions for GJ..
My weekly charts are screaming FREEFALL soon!!!
Trade your charts..
IMHO and my bank account..
[
- #213,736
- Edited 10:00pm Jan 30, 2010 9:34pm | Edited 10:00pm
Enjoy the pips!!!
- #213,737
- Jan 30, 2010 9:49pm Jan 30, 2010 9:49pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
February looks all bearish!!!
Place your trades for a big FREEFALL next months..
I agree with you on most of what you stated, but why are so many very experienced traders calling for a shot up to the 1.50+ area?
Everything looks very bearish for the next week or 2 but after that?
I still believe we have to test the 1.4725 area before the KABOOM will happen, or.............we shoot right through 1.4725 up to 1.49
And if we go down, the 1.39 area will give a major KAPUSH imho.
But we'll see, my bias for the coming week is very bearish.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
- #213,738
- Jan 30, 2010 10:47pm Jan 30, 2010 10:47pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
I love this long 'London Bridge is Falling Down'
The right trend we heading on
The right trend we heading on
More fundamentals:
Stocks Ignore Bullish Economic Data; Turn Focus on Risk
James Hyerczyk , Futures Hound
U.S. stock indices had enough information in today’s bullish GDP report to mount a strong rally, but concerns about the debt crisis in Greece and a poor outlook for technology stocks led to a late session sell-off.
If the situation in the Euro Zone continues to escalate and capture the bulk of the headlines, then look for investors to turn more risk averse. This will underpin the Dollar but...
- #213,739
- Jan 30, 2010 11:38pm Jan 30, 2010 11:38pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
Master rgitt,
can i know the Lime and Red you use what MA period your refer in your chart??
can i know the Lime and Red you use what MA period your refer in your chart??
Still on track to playout the H & S formation:
Posted this on Nov. 1,2009
http://www.forexfactory.com/showpost...stcount=206494
Here is the current weekly chart:
