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

  • #214,381
  • Feb 4, 2010 10:38am Feb 4, 2010 10:38am
Big boys will push cable trough 1.5650 , take a walk in southpark ,while the most of us triggering north
  • #214,382
  • Feb 4, 2010 10:38am Feb 4, 2010 10:38am
Quoting a5h
yeah i went short at what i had though was the top of the retrace, but i am wondering if there were any opinions on how far down it would go (if indeed it will go down at all :s) (short at 140.624)
no clue man, this all rests on the big players and the BOJ right now
Im a zombie.. "Rawr"
  • #214,383
  • Feb 4, 2010 10:40am Feb 4, 2010 10:40am
The current PA on M5 for GY and UJ & EJ does not look encouraging - looks like a continued trend down and failure of the bounce ... sure, it's the big boys giving a sign that the retrace/retest may not hold & trying to spoof us - even @ 140.6, it could easily retest 139.6 and still go up from there - and that's a 100 pips. And, if US markets tank, both could go. Note, it was Nov 09 Thanksgiving that saw a 300 pip drop to 139.5 in extremely low liquidity & low market participation - and that's an option during the pre-Tokyo open. So, anything could happen & we're not even factoring in possibilities for the US #'s tomorrow. DOH Remember, all options are on the table.
  • #214,384
  • Feb 4, 2010 10:40am Feb 4, 2010 10:40am
Quoting Scrat
here's a nice chart, distribution @ 140.40 area. big guys already closed shorts... let's see what they want to do next.
Big boys closing shorts.. now everyone is on the short train expecting 135/133 etc.. means we should be headed back to 149..

I'm going to start building my long position.. long from 139.3 and will add to it if we go lower, probably every 100 pips or so..

I doubt we'll see 135 or lower, this isnt the same market is was in 08/early 09 and I don't believe the powers that be are going to let the markets run wild as they did back then.

Also starting to long GU, long 1.5746..
  • #214,385
  • Feb 4, 2010 10:41am Feb 4, 2010 10:41am
OK i will sit tight, thanks man
  • #214,386
  • Feb 4, 2010 10:42am Feb 4, 2010 10:42am
Quoting Scrat
here's a nice chart, distribution @ 140.40 area. big guys already closed shorts... let's see what they want to do next.
Seeing the same thing mate.

Anyone who remembers what this pair was like when it dipped to 118, will tell you not to 'expect' further falls. Yes, it might, but there were loads of calls on this board saying next stop 112, then 106, then 90 etc.

All TFs very oversold. Buying volume at 139.50 - 75. Big boys will want us all to load up the shorts at support.
  • #214,387
  • Feb 4, 2010 10:42am Feb 4, 2010 10:42am
boj wont touch it yet. of course they might just happen to 'mention' that they are "watching" it which usually causes a big jump for no real reason.

UJ has not even reached the 61.8 retrace of the move up from 85 yet, theres PLENTY more room if it decides to go down more.
  • #214,388
  • Feb 4, 2010 10:45am Feb 4, 2010 10:45am
Was today's 450+ pip drop today a setup for the NFP tomorrow?


I trade what I see on my charts. Do Not listen to the Muppets.
  • #214,389
  • Feb 4, 2010 10:52am Feb 4, 2010 10:52am
oh yeah.
they'll try to move it through support tomorrow... maybe a nasty spike to catch all pending shorts and then... buckle up for a nice ride. but careful... it may go either way.
just trade the charts, with no bias.

Quoting Vanhook2
Was today's 450+ pip drop today a setup for the NFP tomorrow?


Nihil Sine Deo.
  • #214,390
  • Feb 4, 2010 10:53am Feb 4, 2010 10:53am
Quoting Scrat
oh yeah.
they'll try to move it through support tomorrow... maybe a nasty spike to catch all pending shorts and then... buckle up for a nice ride. but careful... it may go either way.
just trade the charts, with no bias.
Good advice Scrat.
Very Good!
I trade what I see on my charts. Do Not listen to the Muppets.
  • #214,391
  • Feb 4, 2010 10:54am Feb 4, 2010 10:54am
Quoting rgitt05
Plan your trades and trade your charts..

Funnymentals are to scare the weak..

Everything is bearish..

Sell all the rallies..

I have to think of a good exit strategy. Right now only have TP, without SL. Look like I should do it the other way round.

Limit the lost and let the profit be sky high depend on the chart.

Those words listed above also need digestion, courage and wisdom.
Face both Win and Lose bravely
  • #214,392
  • Feb 4, 2010 10:56am Feb 4, 2010 10:56am
theres a very large 50% fib sitting just above at 140.93, thats 50% retrace of move from 118 to 162, and thats where the retrace stopped dead in its tracks, to the pip. if 139 breaks then the 61.8 of the same move is 135.70
  • #214,393
  • Feb 4, 2010 10:59am Feb 4, 2010 10:59am
Quoting ewokuk
boj wont touch it yet. of course they might just happen to 'mention' that they are "watching" it which usually causes a big jump for no real reason.

UJ has not even reached the 61.8 retrace of the move up from 85 yet, theres PLENTY more room if it decides to go down more.
theyve already mentioned that theyre watching it, hence the stalling
Im a zombie.. "Rawr"
  • #214,394
  • Feb 4, 2010 11:02am Feb 4, 2010 11:02am
Quoting Vanhook2
Good advice Scrat.
Very Good!
also good advice..
Dont trade the NFP tomorrow if youre a new trader heh.
Oh and clip your toenails once a week, also good advice
Im a zombie.. "Rawr"
  • #214,395
  • Feb 4, 2010 11:16am Feb 4, 2010 11:16am
Quoting defariak
theyve already mentioned that theyre watching it, hence the stalling
not seen anything mentioned about that. i would think its more a case of, gj has dropped 542 pips today right onto HUGE support.....hence the stalling.
  • #214,396
  • Feb 4, 2010 11:30am Feb 4, 2010 11:30am
Hopefully it is OK to post this - it's not commercial. It is an excellent summary of what's at stake and what options & doublespeak are in play for tomorrow's jobs report.

http://jessescrossroadscafe.blogspot...ls-report.html
  • #214,397
  • Feb 4, 2010 12:04pm Feb 4, 2010 12:04pm
Quoting maanawi
channel for GJ

you right... never trust to any indicator
Attached Image
  • #214,398
  • Feb 4, 2010 12:30pm Feb 4, 2010 12:30pm
sup&res between yellow lines up or below double lines will be break out , watch the yellow trend line as well a good trend line
Attached Image (click to enlarge)
Click to Enlarge Name: gu1h.png Size: 24 KB
  • #214,399
  • Feb 4, 2010 12:46pm Feb 4, 2010 12:46pm
Quoting defariak
also good advice..
Dont trade the NFP tomorrow if youre a new trader heh.
Oh and clip your toenails once a week, also good advice
  • #214,400
  • Feb 4, 2010 1:01pm Feb 4, 2010 1:01pm
dow closed 9,999, what's the word on the street for GJ ? 120?
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