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

  • #214,601
  • Feb 5, 2010 2:38pm Feb 5, 2010 2:38pm
plz try again
  • #214,602
  • Feb 5, 2010 2:38pm Feb 5, 2010 2:38pm
dow testing 10,000 to the upside (it won't make it)
  • #214,603
  • Feb 5, 2010 2:44pm Feb 5, 2010 2:44pm
The Geppy lost some ground....

NM

Quoting Clouds
dow testing 10,000 to the upside (it won't make it)
  • #214,604
  • Feb 5, 2010 2:52pm Feb 5, 2010 2:52pm
Rumours on the floor of the NYSE that a rescue package is to be drafted this weekend for Greece. (On Bloomberg TV now).

Might explain, some of the bounce...
  • #214,605
  • Feb 5, 2010 2:58pm Feb 5, 2010 2:58pm
I hate rumors...That explains why they cancel the weekend ECB meeting on Sunday.


http://www.bloomberg.com/apps/news?p...O_CguYng&pos=1



Quoting ukdaytrader
Rumours on the floor of the NYSE that a rescue package is to be drafted this weekend for Greece. (On Bloomberg TV now).

Might explain, some of the bounce...
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  • #214,606
  • Feb 5, 2010 3:04pm Feb 5, 2010 3:04pm
Rumors aside, what can really be done for an entire country over the weekend? I do not know. Perhaps there is precedent.

I suppose a vote of confidence stops the bleeding.

NM

Quoting ukdaytrader
Rumours on the floor of the NYSE that a rescue package is to be drafted this weekend for Greece. (On Bloomberg TV now).

Might explain, some of the bounce...
  • #214,607
  • Feb 5, 2010 3:06pm Feb 5, 2010 3:06pm
Quoting Clouds
dow testing 10,000 to the upside (it won't make it)
wrong.
check out my blog: forexmademillionaire dot com
  • #214,608
  • Feb 5, 2010 3:10pm Feb 5, 2010 3:10pm
Quoting next-move
Rumors aside, what can really be done for an entire country over the weekend? I do not know. Perhaps there is precedent.

I suppose a vote of confidence stops the bleeding.

NM
It's really a tiny country, think about 2,5% of Euro, so not really a big issue with some effort and help....
Don't be a hero. Don't have an ego. Always question yourself
  • #214,609
  • Feb 5, 2010 3:18pm Feb 5, 2010 3:18pm
Sell on rumors and buy on news...



Quoting Geppy
wrong.
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  • #214,610
  • Feb 5, 2010 3:32pm Feb 5, 2010 3:32pm
Quoting rgitt05
Sell on rumors and buy on news...

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MY OPINION NOT FINANCIAL ADVISE
  • #214,611
  • Feb 5, 2010 4:43pm Feb 5, 2010 4:43pm
Quoting rgitt05
Failed again to break the 139 zone..

Retracement..I guess Gucc wins now..LOL

Looks like a reversal to test the 144.00

I guess I got screwed with this BS rally ...

I am glad I lockin pips..

Next time...

i win what this time??
probably that you tihnk you are the only one who is short and the rest is long..

im a trend trader /swing trader...not a range trader..
GJ is clearly in a range,but i guess you will see what i mean later in the year..
  • #214,612
  • Feb 5, 2010 5:06pm Feb 5, 2010 5:06pm
I am swing trader also..I meant you won for today PA..It all have to do with the EU bailout of greece for this weekend...I scalp on range market..

I have posted many charts from last year before you came on this board..Who said I am a range trader?

I posted a daily chart for a possible bounce off the 139 zone which will probably playout the way the charts arrows arranged..

I hyped up the PA today hoping the 139 level will break.. No luck !! Possible Retracement back up to the UTL 146-147 level.

Anyway, trade your charts





Quoting Gucc
i win what this time??
probably that you tihnk you are the only one who is short and the rest is long..

im a trend trader /swing trader...not a range trader..
GJ is clearly in a range,but i guess you will see what i mean later in the year..
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  • #214,613
  • Feb 5, 2010 5:27pm Feb 5, 2010 5:27pm
Quoting quecee5
That's fine but watch the daily close bro. . . That will be key to the upside or the down side IMO. If we see a close below the resistance level I posted then we will surely see more downside

Hi Q,

Sorry for the late reply, but today was probably a lill' busy for both of us.

We have closed above G/J support, not sure how your 8 hr candle looks, here's what I see:

Short trap as we anticipated below both G/U and G/J supports.
G/U still contained within range/descending trend and closed within LTL.
G/J still contained within descending wedge and major support.

Will hold these longs as we rise back through the channel, but will be locking in profit tightly and looking for a Short opportunity further up. This drop was the false move, a precurser to the real drop to 156/153/150 and below. As expected, the world went short...and as expected their Stops will now be taken out if they did not take profit before NY close today due to a possible fast move North Sunday PM (GMT).

Continuing to hold Cable longs 15590,15690,15840 and G/J Long 140.20.

Your thoughts welcome...

All the best bro, have a good weekend
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  • #214,614
  • Feb 5, 2010 5:32pm Feb 5, 2010 5:32pm
if daily candle close below LL of yesterday 139.45 then its a good signal for another bearish journey on the daily chart
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  • #214,615
  • Feb 5, 2010 5:46pm Feb 5, 2010 5:46pm
Dear All,
I will never ever trade what I expect again. I will trade what I see only. and only valid setups with a high probability. no matter how long I will wait to catch it.
The following Images are what I see in the charts.
read my comments on it.

Regards.
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  • #214,616
  • Feb 5, 2010 9:55pm Feb 5, 2010 9:55pm
as i posted before, we are at crossroads; i am watching...

g-j punched into support, but went back above; not a good idea to short right now, it would mean to go short into support... need to see a clear break below and then we could ride it to 130/132 area.

go long, then? not so fast. distribution areas for today and yesterday were 140.42 and 140.53 (see the attached chart). IF we were to go up again, i would first expect this level cleared; only then we would think about 148/149 area (+/- 100 pips) = the upper edge of the descending channel.

long story short: trade only if you see either a break of 138 (plan to tp @ 130 first), or a break of 140.53 (plan to tp @ 148).

enjoy your weekend!
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Nihil Sine Deo.
  • #214,617
  • Feb 6, 2010 12:10am Feb 6, 2010 12:10am
I would think trice to short gj and ej early next week. Notice the head fake on dly and weekly(GJ) and on dly(EJ)? I think it was intervension in the last 2 hours b4 market closes.

The BOJ wouldnt let these pair break these major support line so easily because once there is a clean break on daily ...the pair would fall like domino.mmmm
  • #214,618
  • Feb 6, 2010 2:37am Feb 6, 2010 2:37am
Quoting Myrza
I would think trice to short gj and ej early next week. Notice the head fake on dly and weekly(GJ) and on dly(EJ)? I think it was intervension in the last 2 hours b4 market closes.

The BOJ wouldnt let these pair break these major support line so easily because once there is a clean break on daily ...the pair would fall like domino.mmmm
My view retrace to 143 area. Then will have a 1 more try Kaboom 130---> 120--->100
Just my view
  • #214,619
  • Feb 6, 2010 2:50am Feb 6, 2010 2:50am
comon sense is not very common...yes we close above support meaning 139 was not broken and shakeout short to 138 and to me it tells me strong downtrend is still playing out ....why u forgot that after 143 LTL was broken we did not test it back so my comon sense told me if friday high is broken 143.00 is possible and i can look for sell so 50ema 4hrs will be there by then...
Bullish div on 1hr and 4hrs something like that also on daily but not a perfect one so i can only expect broken LTL to be tested 144 is out of my picture cus if 4hrs 50ema is broken that give me a clue of daily 50ema will be in my picture and that will be 146.....
nobody know where GJ is going but i will sell all rally major trend is down.....trade your chart ....
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MY OPINION NOT FINANCIAL ADVISE
  • #214,620
  • Feb 6, 2010 2:58am Feb 6, 2010 2:58am



Quoting donfriday
comon sense is not very common...yes we close above support meaning 139 was not broken and shakeout short to 138 and to me it tells me strong downtrend is still playing out ....why u forgot that after 143 LTL was broken we did not test it back so my comon sense told me if friday high is broken 143.00 is possible and i can look for sell so 50ema 4hrs will be there by then...
Bullish div on 1hr and 4hrs something like that also on daily but not a perfect one so i can only expect broken LTL to be tested 144 is out of my...
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