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

  • #214,461
  • Feb 5, 2010 12:23am Feb 5, 2010 12:23am
Quoting pkimnyc
139.50 is the major support. what makes you think we will have a long rally after we break the major support area?
139.2 won't be easy to break, but price wasn't rejected at this level nearly as strongly as it was back in September.

If we do break through, I agree with support becoming resistance this area and 137.4 as a reasonable first downside target.

Upside, we may test the Daily TL (143 area), and as an extreme overshoot the broken weekly ltl (144 area) as resistance. If we were to clear those hurdles, 147 could be back on radar, but that's a pretty ambitious target at this point.
  • #214,462
  • Feb 5, 2010 12:25am Feb 5, 2010 12:25am
Quoting Fudomyo
139.2 won't be easy to break, but price wasn't rejected at this level nearly as strongly as it was back in September.

If we do break through, I agree with support becoming resistance this area and 137.4 as a reasonable first downside target.

Upside, we may test the neckline (143 area), and as an extreme overshoot the broken weekly ltl (144 area) as resistance. If we were to clear those hurdles, 147 could be back on radar, but that's a pretty ambitious target at this point.
i agree.
  • #214,463
  • Feb 5, 2010 12:29am Feb 5, 2010 12:29am
Quoting Fudomyo
139.2 won't be easy to break, but price wasn't rejected at this level nearly as strongly as it was back in September.

If we do break through, I agree with support becoming resistance this area and 137.4 as a reasonable first downside target.

Upside, we may test the Daily TL (143 area), and as an extreme overshoot the broken weekly ltl (144 area) as resistance. If we were to clear those hurdles, 147 could be back on radar, but that's a pretty ambitious target at this point.
this is what through me off today, otherwise i would normally be busy buying.
  • #214,464
  • Feb 5, 2010 12:36am Feb 5, 2010 12:36am
Quoting pkimnyc
this is what through me off today, otherwise i would normally be busy buying.
same here. I don't see enough buying pressure to jump in on any longs yet. Have to wait for Europe to come online to get a better picture. Asia was pretty uncommitted today.
  • #214,465
  • Feb 5, 2010 12:43am Feb 5, 2010 12:43am
Quoting Fudomyo
same here. I don't see enough buying pressure to jump in on any longs yet. Have to wait for Europe to come online to get a better picture. Asia was pretty uncommitted today.
wish you the best for tomorrow if you plan to trade.
  • #214,466
  • Feb 5, 2010 12:45am Feb 5, 2010 12:45am
Personally I dont think it will pass even 1 HR,, 50 ema..before making a new low whether its 139..138 ...137

Forget 4 hr...just look at 1 hr...Bearish HD setting UP...

Wave count and ABC correction not done yet

Bigger correction from 150.70 is done (ABC) 261.8% AT 139.39..(EVEN WENT A LITTLE BELOW..)

Now another smaller ABC..

if it can Pass 142.39- 142.57 then only I am looking at 145
Markets are not Random, they are designed!
  • #214,467
  • Feb 5, 2010 12:52am Feb 5, 2010 12:52am
Quoting pkimnyc
wish you the best for tomorrow if you plan to trade.
you too.

I like trading NFP day, but I sit out the actual news. There's always nice trades to be had in the volatility leading up to it, and the backwash after. Since I have absolutely no idea how it will spike when the news is released, that's the part I avoid.
  • #214,468
  • Feb 5, 2010 1:23am Feb 5, 2010 1:23am
Quoting Gucc
say hallo to 153.50 ,sooner than later ,before we get any real bearish breakouts !

good luck who keep the shorts!
dont run okay...just come back. i love to see ur HS and long term analysis...
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #214,469
  • Feb 5, 2010 1:29am Feb 5, 2010 1:29am
Quoting donfriday
dont run okay...just come back. i love to see ur HS and long term analysis...

mean 53.50
  • #214,470
  • Feb 5, 2010 2:42am Feb 5, 2010 2:42am
Quoting donfriday
dont run okay...just come back. i love to see ur HS and long term analysis...

its ok don,,i leavr it for you guys to argue about the predictions in the "interactive group" ..

im out of all my orders,closed the eur/usd from 1.5 of a position size of 400k and 1.5mil , will review the charts again after the NFP,probably on sun again..


ive done my pips late in 2007 in the 230's all the way to low 160's.ill say it again and again over and over ,thay gj will not KABOOM, dont know why everybody screaming for a kaboom,,it aint not gonna happen,, my focus is not on the gj this year,,ive mention it before ,we will see 135 ,and possible a spike low to 130 ,WHERE A TORTOUS BASING WILL START,,WHERE MOST OF THE "traders" HERE WIPE MANY ACCOUNTS,FIGURE OUT,,BULL OR BEAR .. and got no clue day in day out,,where to go next.. it will jump up and down between 135 and 155 for days/weeks/months before any clear direction..but good luck ,hope you catch the ride side everytime!!

ill try to post less and trade more in the future!

im off on a hunting trip this weekend in the safari,and wont see any charts until next week.its about time for this break! ..

good luck ! hope your kaboom is coming
  • #214,471
  • Feb 5, 2010 2:47am Feb 5, 2010 2:47am
gucc,
thx for everything of your analysis and participate here. Wish you all the best.

Quoting Gucc
its ok don,,i leavr it for you guys to argue about the predictions in the "interactive group" ..

im out of all my orders,closed the eur/usd from 1.5 of a position size of 400k and 1.5mil , will review the charts again after the NFP,probably on sun again..


ive done my pips late in 2007 in the 230's all the way to low 160's.ill say it again and again over and over ,thay gj will not KABOOM, dont know why everybody screaming for a kaboom,,it aint not gonna happen,, my focus is not on the gj this year,,ive mention it before ,we will see 135...
  • #214,472
  • Feb 5, 2010 2:54am Feb 5, 2010 2:54am
Closed long @ 140.80. There's a good chance 140 will be broken today based on the price action.
  • #214,473
  • Feb 5, 2010 3:00am Feb 5, 2010 3:00am
Quoting pipsimax
Big boys will push cable trough 1.5650 , take a walk in southpark ,while the most of us triggering north
big boys will let bears out for a walk at southpark as i expected
  • #214,474
  • Feb 5, 2010 3:26am Feb 5, 2010 3:26am
What is the word on how the GBP news will come in?
  • #214,475
  • Feb 5, 2010 3:31am Feb 5, 2010 3:31am
Quoting Fudomyo
you too.

I like trading NFP day, but I sit out the actual news. There's always nice trades to be had in the volatility leading up to it, and the backwash after. Since I have absolutely no idea how it will spike when the news is released, that's the part I avoid.
haha, news traders would call you a biscuit crumb trader.
  • #214,476
  • Feb 5, 2010 3:36am Feb 5, 2010 3:36am
Quoting witsnpips
haha, news traders would call you a biscuit crumb trader.
Whille the rest of us would say he was a smart man.

Plenty of pips to be made around the noise.
  • #214,477
  • Feb 5, 2010 3:37am Feb 5, 2010 3:37am
Quoting Gucc
its ok don,,i leavr it for you guys to argue about the predictions in the "interactive group" ..

im out of all my orders,closed the eur/usd from 1.5 of a position size of 400k and 1.5mil , will review the charts again after the NFP,probably on sun again..


ive done my pips late in 2007 in the 230's all the way to low 160's.ill say it again and again over and over ,thay gj will not KABOOM, dont know why everybody screaming for a kaboom,,it aint not gonna happen,, my focus is not on the gj this year,,ive mention it before ,we will see...

njoy and hope to see u soon...cheers.
MY OPINION NOT FINANCIAL ADVISE
  • #214,478
  • Feb 5, 2010 3:42am Feb 5, 2010 3:42am
Quoting donfriday
njoy and hope to see u soon...cheers.
why do you hope to see me soon ?
"you will wipe your acc if you listen and read my posts ,and follow it "
  • #214,479
  • Feb 5, 2010 3:50am Feb 5, 2010 3:50am
Quoting Gucc
why do you hope to see me soon ?
"you will wipe your acc if you listen and read my posts ,and follow it "
LMAO...i am not trading anyone view than what my chart says....i've learn that in this room and i stick to my plan so ur view will only help if i compare to mine ...but still if different i will still trade mine....
let the post coming ..
MY OPINION NOT FINANCIAL ADVISE
  • #214,480
  • Feb 5, 2010 3:54am Feb 5, 2010 3:54am
Quoting Gucc
why do you hope to see me soon ?
"you will wipe your acc if you listen and read my posts ,and follow it "
Are you always this sensitive?

We are all wrong sometimes, get over it. This board will always bite you if you take it too seriously.
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