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

  • #214,941
  • Feb 9, 2010 2:35am Feb 9, 2010 2:35am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pkimnyc
thanks for sharing.
hope i do see your posts in the future.
would be very interested in seeing some of your thought process.

happy pipping.
Being right is one, taking it from the table is two.
  • #214,942
  • Feb 9, 2010 2:54am Feb 9, 2010 2:54am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Deja-vu, same PA as yesterday UK open, whipsaw all the way.
Will look to re-enter later.
Time for a break.
Being right is one, taking it from the table is two.
  • #214,943
  • Feb 9, 2010 2:57am Feb 9, 2010 2:57am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Shad
Took A Small Short To 138.90

Looks like it might work-out
Being right is one, taking it from the table is two.
  • #214,944
  • Feb 9, 2010 3:09am Feb 9, 2010 3:09am
REVERSE LEVELS
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  • #214,945
  • Feb 9, 2010 3:21am Feb 9, 2010 3:21am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Trade balance in 10 min. might do the trick.
Being right is one, taking it from the table is two.
  • #214,946
  • Feb 9, 2010 3:22am Feb 9, 2010 3:22am
i think gj will go bearish now of not i will close short pos
  • #214,947
  • Feb 9, 2010 3:51am Feb 9, 2010 3:51am
Quoting direct-trade
Hi Q

Thanks for the quick reply.

Will hold the Cable and G/J longs through NFP. Will be watching the spikes to see if I can spot their hand and will either keep or ditch and reverse depending on what I see.

Will drop in as soon as the mud settles in a hour or two and chat about targets.

All the best
Same chart bro as last week. . .
Attached Image (click to enlarge)
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  • #214,948
  • Edited 4:22am Feb 9, 2010 3:55am | Edited 4:22am
GJ chart - same chart posted last week. . .

My next target is 136.60/80 area which correlates to the weekly resistance ad support. . .

Only a daily close above 141/141.50 will see 143/143.70/80 otherwise next target 136.60/80 with a possible spike down to 135.70/80 area. . .
Attached Image (click to enlarge)
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  • #214,949
  • Feb 9, 2010 4:14am Feb 9, 2010 4:14am
Quoting maanawi
here exactly where is the supports is no 70 or 170 pips just get updated with the new values.

Ya Allah, im so tired , bye for now
Do you guys remember this?

I think if there second low will be max at 137.125
Attached Image
  • #214,950
  • Feb 9, 2010 4:48am Feb 9, 2010 4:48am
Just got some question , im trying to study this pair ,....is there any connection between the index Nikkei 225 and this pair? .... thx for answer
  • #214,951
  • Feb 9, 2010 5:05am Feb 9, 2010 5:05am
Quoting quecee5
GJ chart - same chart posted last week. . .

My next target is 136.60/80 area which correlates to the weekly resistance ad support. . .

Only a daily close above 141/141.50 will see 143/143.70/80 otherwise next target 136.60/80 with a possible spike down to 135.70/80 area. . .

Hi Q,

I would say this Daily formation is Bullish and a retracement before any further fall.

Of course, I will need to see how today closes, we could dip down to your first target and still close above where we are right now.

I just think that we have accumulation and seller exhaustion here.

OF course, I could be completely wrong, just my perspective.

I'll continue to hold the G/J Long
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  • #214,952
  • Feb 9, 2010 5:13am Feb 9, 2010 5:13am
GJ Daily chart. This is my current chart. Any comment is welcome...Just want to share with all trader advise and viewer here.Thanks
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  • #214,953
  • Feb 9, 2010 5:15am Feb 9, 2010 5:15am
Quoting auslanco
Lets Discuss GBPJPY....
Is this discussion meant for anyone who joins forexfactory??? I am willing to learn as much as i can. do you often post your comments here or where can i read more about your signals and discussions?
  • #214,954
  • Feb 9, 2010 5:29am Feb 9, 2010 5:29am
im kinda bullish gj as well, but only up to 141 initially as that should be big resistance. thats my target for today, if US stocks are positive then we may test 141 before the close.

obviously if its all negative then itll go down not up. and it does depend on breaking 140 properly as well but if 140 breaks we should see 141 tested i think.
  • #214,955
  • Feb 9, 2010 6:04am Feb 9, 2010 6:04am
Hmmm, don't mind admitting i'm not sure right now on sentiment. Seeing sharp buying off the LTL each time it's been touched, but it all looks a bit too convenient. Almost like trying to convince everyone of the retracement to 144 only for it to be sold heavy through support later.

Volumes do not particularly suggest any heavy buying at these levels, though there was high stopping volume, (or short covering), last Friday.

So, i'm going to keep it simple for now; 1hr Gann + QQE bearish, hint of a bear flag and lowish volumes suggesting we're more likely to continue lower.

Chart
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  • #214,956
  • Feb 9, 2010 6:19am Feb 9, 2010 6:19am
imo its been making higher lows despite gu weakness, and gu is so low right now that any bounce in it could send gj flying up. i think risk is more to the upside right now than down. maybe a different story if we dont break 141.

if the cadburys money starts going through at some point then that will give gu a big boost as well (although i have no idea when that money wil go through)
  • #214,957
  • Feb 9, 2010 6:36am Feb 9, 2010 6:36am
Need to keep in mind that GU is in massive trouble on the daily. A spike to 5735 is certainly feasible; however, it has broke major support.

It is also interesting that XLF in equities, the financial ETF in the US, is unwinding into a similar pattern, being at a precipice of a big fall.

Just need to be super cautious with a stop loss since the smallest hint (e.g. Trichet comments) could cause a spike higher.

NM
  • #214,958
  • Feb 9, 2010 6:55am Feb 9, 2010 6:55am
max reverse Level @ 140.54, if 1H candle close above i will consider it break out.
Attached Image (click to enlarge)
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  • #214,959
  • Feb 9, 2010 7:11am Feb 9, 2010 7:11am
Quoting ukdaytrader
Hmmm, don't mind admitting i'm not sure right now on sentiment. Seeing sharp buying off the LTL each time it's been touched, but it all looks a bit too convenient. Almost like trying to convince everyone of the retracement to 144 only for it to be sold heavy through support later.

Volumes do not particularly suggest any heavy buying at these levels, though there was high stopping volume, (or short covering), last Friday.

So, i'm going to keep it simple for now; 1hr Gann + QQE bearish, hint of a bear flag and lowish volumes suggesting...
auslanco method on gj 4hrs is a buy signal.....tom willioams him self said market can move on low volume....malc told me on sunday 4hrs high volume on gj can take it to 143 level..
MY OPINION NOT FINANCIAL ADVISE
  • #214,960
  • Feb 9, 2010 7:45am Feb 9, 2010 7:45am
Quoting donfriday
auslanco method on gj 4hrs is a buy signal.....tom willioams him self said market can move on low volume....malc told me on sunday 4hrs high volume on gj can take it to 143 level..
What i prefer gj can take 146 there...only Kaboom...We Follow the trend
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