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

  • #216,901
  • Feb 28, 2010 8:06pm Feb 28, 2010 8:06pm
Quoting Clouds
All I see is blinded bulls here...
Neither the bull or the bear is wrong here..all I see is consolidation. It is pretty safe to buy/scalp at134.9 and sell at 136.7. Just play the range if you are a scalper
  • #216,902
  • Edited 8:18pm Feb 28, 2010 8:07pm | Edited 8:18pm
Quoting Clouds
dont u think 125 is more realistic , at this point? i dont know, just what i see
after a huge candle from the last day, i find it hard to think it'll bounce, no daily bullish candle or even a candle that looks like it's stalling

Attachment
61.8 fibo is there or 2009 April's low
one more thing if today will close above 13570 we got a morning star
  • #216,903
  • Feb 28, 2010 8:16pm Feb 28, 2010 8:16pm
geppy, weekly target-131.46 comments pls.

http://img190.imageshack.us/img190/9845/49487376.gif
  • #216,904
  • Feb 28, 2010 8:20pm Feb 28, 2010 8:20pm
Quoting 5ysfx
61.8 fibo is there or 2009 April's low
one more thing if today will close above 13570 we got a morning star
hmm safer sell at 134?
  • #216,905
  • Feb 28, 2010 8:21pm Feb 28, 2010 8:21pm
Quoting Clouds
dont u think 125 is more realistic , at this point? i dont know, just what i see
after a huge candle from the last day, i find it hard to think it'll bounce, no daily bullish candle or even a candle that looks like it's stalling

Attachment
Well I think that the UJ is primed to bounce and break the upper long term Daily TL (from 123.9), there has been strong resitance 88.50, 88.00 and 87.20, so it is getting close to a possible reversal. This can stimy a real "kaboom" for the GJ, last time it broke through these areas, was a 500 pip upride.. from 85 to 90, which is crazy for this snail.

That said is GU is still going nowhere but down, but in order for the "Kaboom", we all know UJ and GU have to go in the same direction. I dont see any real support for the GU till about 148/9 and 144/5.

So what does this mean to the GJ, short term I'll be looking at 130 - 132 to possibliy get long, confident enough to place that trade and not really worry about it being a "loser".

Till PA tells me different, sell the rallies but i believe were are getting close to the reversal point, which will start a new LT up trend. Small buys with tight SLs, to test the bottom as we go could be viable as well.
  • #216,906
  • Feb 28, 2010 8:31pm Feb 28, 2010 8:31pm
Quoting Cdawg
Well I think that the UJ is primed to bounce and break the upper long term Daily TL (from 123.9), there has been strong resitance 88.50, 88.00 and 87.20, so it is getting close to a possible reversal. This can stimy a real "kaboom" for the GJ, last time it broke through these areas, was a 500 pip upride.. from 85 to 90, which is crazy for this snail.

That said is GU is still going nowhere but down, but in order for the "Kaboom", we all know UJ and GU have to go in the same direction....
I was thinking same for long at about 125 or 130, somewhere in there, but I don't think I will. Trend isn't up. For a few pip to re-sell? I guess.... But, If UJ broke the down trend TL from 07' i'd switch my view, but I'm not counting on that. It's highly likely GJ goes to 20. Who are we judge how much a YEN worth? Follow trend till it change.
  • #216,907
  • Feb 28, 2010 9:54pm Feb 28, 2010 9:54pm
I was looking at the pivots:

Daily pivit: 136.696
weekly pivot: 137.444
Monthly pivot (and R1): 138.441

My question is that: If we do manage to get back up for retrace, let's say to 139.xxx, considering the fact that all of aforementioned levels will be turning into support, what keeps this beast from flying?...Could this be initiation of a 1,000 pip retrace?....
  • #216,908
  • Feb 28, 2010 10:07pm Feb 28, 2010 10:07pm
Quoting Fusion
I was looking at the pivots:

Daily pivit: 136.696
weekly pivot: 137.444
Monthly pivot (and R1): 138.441

My question is that: If we do manage to get back up for retrace, let's say to 139.xxx, considering the fact that all of aforementioned levels will be turning into support, what keeps this beast from flying?...Could this be initiation of a 1,000 pip retrace?....
I don't know what anyone else is seeing, but all I see is a bounce, that it could just break through tomorrow morning tot he downside. Can someone tell me what they have confirming a long trade aside from scalping?
  • #216,909
  • Feb 28, 2010 10:22pm Feb 28, 2010 10:22pm
To be honset with you: Q's advice...

Quoting Catch-22
I don't know what anyone else is seeing, but all I see is a bounce, that it could just break through tomorrow morning tot he downside. Can someone tell me what they have confirming a long trade aside from scalping?
  • #216,910
  • Edited Mar 1, 2010 12:16am Feb 28, 2010 10:32pm | Edited Mar 1, 2010 12:16am
Quoting fontu
wow my God ! gj also very similar to eu in weekly chart ( so just CC last weekly analysis in eu with a little changes in levels only )

As per TD counts , already waiting for the last buy countdown 13# & to accomplish this confirm buy signal next weekly or so to complete successfully at or below 135.46 close , one singlemost key level may be not for next week but may 3 or more weeks to come. by this time actually an another buy set up developing, now most important #6. so if there is no quick weekly close below 1.3546 & resume bull......
[font=Arial] So gj has a low risk buy signal as per TD C in h4 ,may to 140.87s to 141.65 r.long at 134.97 & accumulation any below ,may be to 134.60.lets see what next ,do or die.new in following TD counts in gj .Also seeing in M30 tf price to finish buy countdown (#13) & in doing so it to fall below 134.75 & more buy at that level comparative bigger lot.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #216,911
  • Feb 28, 2010 10:50pm Feb 28, 2010 10:50pm
Quoting fontu
[font=Arial] So gj has a low risk buy signal as per TD C in h4 ,may to 1.4087s to 1.4165 r.long at 1.3497 & accumulation any below ,may be to 1.3460.lets see what next ,do or die.new in following TD counts in gj .Also seeing in M30 tf price to finish buy countdown (#13) & in doing so it to fall below 1.3475 & more buy at that level comparative bigger lot.
fontu
gave up on td sequential..it is so subjective. But considering that we are hovering on support ..you can call it low risk. BTW TD daily is still 7..so there are a few numbers to go
  • #216,912
  • Feb 28, 2010 11:04pm Feb 28, 2010 11:04pm
Quoting Myrza
gave up on td sequential..it is so subjective. But considering that we are hovering on support ..you can call it low risk. BTW TD daily is still 7..so there are a few numbers to go
True it should hover around here & spikes up down also ok too (up to 1.40/42 may be usual weekly basis) for few more weeks ( 3 or more ) as per daily & weekly tf if price behave the ways now but a H4 movements up as of smaller tf if done to 1.3672 also ok , expecting more though.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #216,913
  • Feb 28, 2010 11:12pm Feb 28, 2010 11:12pm
Quoting fontu
True it should hover around here & spikes up down also ok too (up to 1.40/42 may be usual weekly basis) for few more weeks ( 3 or more ) as per daily & weekly tf if price behave the ways now but a H4 movements up as of smaller tf if done to 1.3672 also ok , expecting more though.
fontu
IMO..TD is only good as a guide but not for entry..I bet you have seen countless countdown up to 20 without any reversal. To me it is a good way to burn an account but I read some where that ppl at bloomberg uses TD ..maybe for stocks but for forex ..I dont think so
  • #216,914
  • Feb 28, 2010 11:19pm Feb 28, 2010 11:19pm
Quoting Myrza
IMO..TD is only good as a guide but not for entry..I bet you have seen countless countdown up to 20 without any reversal. To me it is a good way to burn an account but I read some where that ppl at bloomberg uses TD ..maybe for stocks but for forex ..I dont think so

Anyway..s/r is the best guide..bought @ 134.95 3 times already..stopped out @ BE twice..maybe the third time next
  • #216,915
  • Edited Mar 1, 2010 12:37am Feb 28, 2010 11:48pm | Edited Mar 1, 2010 12:37am
Quoting Myrza
IMO..TD is only good as a guide but not for entry..I bet you have seen countless countdown up to 20 without any reversal. To me it is a good way to burn an account but I read some where that ppl at bloomberg uses TD ..maybe for stocks but for forex ..I dont think so
If it a good quide that is more than enough without using lots of indicators. entry -exit one can set in setup,countdown even before a signal through indentifiable sr as doing scalping or day trading mostly & also here candle levels of interest as per td . Not neccessary it will do the way it shows all the time ,traders can calculate risk-profit ratio.I am test using in eu & gold for few days & saw it good in understanding the pa most time except in rallies in news times did but higher tf use can minimise that risk and we all knew news times hazards too.Not knew anybody using this in forex but i started & read somewhere only limited professionals use TD as is hard to master it.
Quoting Myrza
Anyway..s/r is the best guide..bought @ 134.95 3 times already..stopped out @ BE twice..maybe the third time next
yes combined sr,ew,patterns, channels, trendline ,breakouts one can follow it even witout having any indicator on . me also closed long & scalping short placed for tp 134.74 now & pending longs there .accumulation shorts scalping against movements & main signal continued to 32 tp same .

Thanks for the comments & glad to know that you have some information about TD .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #216,916
  • Mar 1, 2010 12:28am Mar 1, 2010 12:28am
okay.
Quoting quecee5
If you have the margin I would hold it if you are not heavy - you will be rewarded handsomely if you do. . .

Many people who are holding recent shorts heads are going to get chopped when GJ spikes to 141.40 later this week. . . People are saying well 138.25 and 139.25 is long-term resistance. . ....
  • #216,917
  • Mar 1, 2010 12:38am Mar 1, 2010 12:38am
Quoting direct-trade
Hope you are well Quecee,

I agree. We have run out of sellers and exhausted this run for now.

I see we are at the LTL with a bounce from here.

Charts:
http://www.forexfactory.com/showpost...postcount=5053

Many are expecting 13900 to contain rise, but we know they like to "spike 'em and stop 'em", so a rise to 141 like you state wouldn't be out of the ordinary.

NFP should lead the way.
Thursday is BOE rate announcement and Friday NFP. . . They will range it and then spike it up only to sell it later this week. . .

Happy pipn my Friend. ..

"The obvious isn't always that obvious. . ."
"History is always the best teacher. . ."
February 2009 is the key. . . even a look back to March 5th 2009 can give u insight. . .

Ask the question why did we stop at 134.60, why is that supporting price at the moment. . . then do some DD and you will find the answer. . .
  • #216,918
  • Mar 1, 2010 12:39am Mar 1, 2010 12:39am
Quoting fontu
If it a good quide that is more than enough without using lots of indicators. entry -exit one can set in setup,countdown even before a signal through indentifiable sr as doing scalping or day trading mostly & also here candle levels of interest as per td . Not neccessary it will do the way it shows all the time ,traders can calculate risk-profit ratio.I am test using in eu & gold for few days & saw it good in understanding the pa most time except in rallies in news times did but higher tf use can minimise that risk and we all knew news times hazards...
No problem..check this one out AU$ monthly( a little digression)
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 31 KB
  • #216,919
  • Mar 1, 2010 12:44am Mar 1, 2010 12:44am
Quoting quecee5
Thursday is BOE rate announcement and Friday NFP. . . They will range it and then spike it up only to sell it later this week. . .

Happy pipn my Friend. ..

"The obvious isn't always that obvious. . ."
"History is always the best teacher. . ."
February 2009 is the key. . . even a look back to March 5th 2009 can give u insight. . .

Ask the question why did we stop at 134.60, why is that supporting price at the moment. . . then do some DD and you will find the answer. . .
I'm with you quecee, history is a fact already. As you stated friday NFP is going to spike it up since the support is very stong holding. Is better wait till this friday.
  • #216,920
  • Mar 1, 2010 12:52am Mar 1, 2010 12:52am
Quoting Beljevina
It was a unhealthy amount of GY @ 134.72 I picked up; was nervous on the unusual dip down, but now out w/one-third out @ 135.3 - remaining long on other lots. Trading the weekend opening gap on GY usually closes itself within 90 minutes ... took longer today though; it's at least 85% safe to trade it, for quick profit.
Longs out @ 134.85 - I refuse to be underwater with any trades ever again.

As London opens, GU's making new lows, EU's getting close and tanking. Slight upside seen with UJ, and GJ's leaning lower, but looking confused. Looks like there might be more solid news on the Greece saga today. EU will continue to decline, with a potential huge upside for it and GJ if news pops out later.
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