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

  • #217,281
  • Edited 7:02am Mar 3, 2010 6:36am | Edited 7:02am
Daily GJ perspective

Base on my charts, I see a retracement to the 38.2% 139.00 zone to 50% 141.00 zone before a reversal for a sell..


A break back above Tuesday’s high will mark an end to a series of 9 consecutive daily lower highs, and should also mark an end to a series of 9 consecutive negative closes, pending a positive close on Wednesday


I posted in the past the retracement is due for GJ and GU because of touch a 61.8% of the 1.48 zone psychological support .

Trade your charts..

The bias from the fundamentals look somewhat positive from the eurozone..If the rally happen today, it can be from the GU or EU.

The break of the daily high 133.80 will confirm the rally..

Attached Image(s) (click to enlarge)
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  • #217,282
  • Mar 3, 2010 7:02am Mar 3, 2010 7:02am
Quoting rgitt05
Daily GJ perspective

Base on my charts, I see a retracement to the 38.2% 139.00 zone to 50% 141.00 zone before a reversal for a sell..


A break back above Tuesday’s high will mark an end to a series of 9 consecutive daily lower highs, and should also mark an end to a series of 9 consecutive negative closes, pending a positive close on Wednesday


I posted in the past the retracement is due for GJ and GU because of touch a 61.8% of the 1.48 zone...



Demark Sequential.
http://www.forexfactory.com/showpost...stcount=203183
  • #217,283
  • Mar 3, 2010 7:09am Mar 3, 2010 7:09am
Back , at last H1 & M15 both have buy signal confirmation by 4 hrs , H4 already has . placing small buy at or any below 133.43 & wait more confirmation break sr 133.72 .Lets see if it has power to bull any. sl below 132.86.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,284
  • Mar 3, 2010 7:09am Mar 3, 2010 7:09am
Demark Sequential doesn't always work but I am reading some news from eurozone will be release later which will possible rally the market for all the pairs..

This setup looks to promising and fits the criteria..

Retracement is what I see..



Quoting Baby-Trader


Demark Sequential.
http://www.forexfactory.com/showpost...stcount=203183
[
  • #217,285
  • Mar 3, 2010 7:12am Mar 3, 2010 7:12am
Quoting Baby-Trader


Demark Sequential.
http://www.forexfactory.com/showpost...stcount=203183
Thanks for the link , i am using TD counts recently too in forex .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,286
  • Mar 3, 2010 7:13am Mar 3, 2010 7:13am
Quoting fontu
Thanks for the link , i am using TD counts recently too in forex .
fontu
you are welcome bro.
  • #217,287
  • Mar 3, 2010 7:13am Mar 3, 2010 7:13am
Commentary News:

The ADP employment report is due up shortly (8:15am ET) and… could elicit some decent price action here. The market is looking for a -20K decline in private payrolls on the heels of a -22K print the prior month. While the report proved a good predictor to actual NFP the last time around, the metric has missed the NFP by an absolute average of about 60K in the last 12 months. So while a knee-jerk reaction is obviously possible (lower yen crosses on a worse number, for example), we would advise to take this number with a grain of salt when attempting to draw conclusions about Friday’s NFP
[
  • #217,288
  • Mar 3, 2010 7:19am Mar 3, 2010 7:19am
Quoting rgitt05
Demark Sequential doesn't always work but I am reading some news from eurozone will be release later which will possible rally the market for all the pairs..

This setup looks to promising and fits the criteria..

Retracement is what I see..

In my short time experience I saw though the sequences damaged during rallies in news time those are probably happening at random , that is either direction without indication as with every indicators or strategies specially in lower tf. But they do rearrange when market settled from the rallies & more or less intact in higher tf most time.
Thanks,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,289
  • Mar 3, 2010 7:19am Mar 3, 2010 7:19am
Don't usually post here but I thought I'd share 1 video.

Thanks all.

Inserted Video
  • #217,290
  • Mar 3, 2010 7:23am Mar 3, 2010 7:23am
GY banging against hourly 50 ema, can't seem to close above it ..
******************* I'd rather make money than be right.
  • #217,291
  • Mar 3, 2010 7:30am Mar 3, 2010 7:30am
GU Daily perspective..

Using the fibs, I use the high of 2.014 7/15/08 high and low 1.3498..

The RED fib level happen to be 76.8% 1.4800 zone..

I am more convinced retracement for GU..

Good Luck short..

This going to rocket once news come out that is positive from eurozone or NFP friday..

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  • #217,292
  • Mar 3, 2010 7:33am Mar 3, 2010 7:33am
yup im also looking up at the moment, not totally convinced until it breaks 134 so using smaller positions and larger above 134
  • #217,293
  • Mar 3, 2010 7:42am Mar 3, 2010 7:42am
Checking the ADP Us though grossly positive market reaction minimal after 30min past as most pair were in bull sentiment . Gj even did not cross the 133.72 sr immediately above presently . Thinking it may not any great & if this bull falied a sky fall effects will eventually ensue . just longing with tight sl & carefully.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,294
  • Mar 3, 2010 7:43am Mar 3, 2010 7:43am
Quoting rgitt05
GU Daily perspective..

Using the fibs, I use the high of 2.014 7/15/08 high and low 1.3498..

The RED fib level happen to be 76.8% 1.4800 zone..

I am more convinced retracement for GU..

Good Luck short..

This going to rocket once news come out that is positive from eurozone or NFP friday..

and dont forget about the news about the US justice department investigate whether hedge funds have colluded to push the eur down...that will fuel it up plus the NFP on firday..

ai ai..nothing will stopped the eur now!
  • #217,295
  • Mar 3, 2010 7:53am Mar 3, 2010 7:53am
Ok you can just wait and see .
  • #217,296
  • Mar 3, 2010 7:54am Mar 3, 2010 7:54am
Based on my 4hr EU chart, it is in a consolidation mode atm.. A break above the 1.3700 should start the rally back up to the 50% 1.4300 fib level if the eurozone comes out with positive news with Greece.

Wait and see..

Trade your charts..



Quoting zweig
and dont forget about the news about the US justice department investigate whether hedge funds have colluded to push the eur down...that will fuel it up plus the NFP on firday..

ai ai..nothing will stopped the eur now!
Attached Image (click to enlarge)
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  • #217,297
  • Mar 3, 2010 8:05am Mar 3, 2010 8:05am
entering a short position with tight SL....133.45
  • #217,298
  • Mar 3, 2010 8:11am Mar 3, 2010 8:11am
Quoting rgitt05
Based on my 4hr EU chart, it is in a consolidation mode atm.. A break above the 1.3700 should start the rally back up to the 50% 1.4300 fib level if the eurozone comes out with positive news with Greece.

Wait and see..

Trade your charts..

Dear rgitto
I usually follow your post . could you please tell me when this up movement is happening ? before nfp or after that ?
thanks
  • #217,299
  • Mar 3, 2010 8:12am Mar 3, 2010 8:12am
Quoting rgitt05
GU Daily perspective..

Using the fibs, I use the high of 2.014 7/15/08 high and low 1.3498..

The RED fib level happen to be 76.8% 1.4800 zone..

I am more convinced retracement for GU..

Good Luck short..

This going to rocket once news come out that is positive from eurozone or NFP friday..


Same View. with different fibos Tools
http://www.forexfactory.com/showpost...&postcount=135
  • #217,300
  • Mar 3, 2010 8:20am Mar 3, 2010 8:20am
well this might be useful....

WASHINGTON (MarketWatch) -- Interest rates at current very low levels are "totally appropriate" given the slow recovery from the very severe recession, said Eric Rosengren, the president of the Boston Federal Reserve Bank on Wednesday. Rosengren suggested he did not think today's low rates would fuel another asset bubble. He said the Fed holding rates at 1% in 2003 and 2004 was not "the standout" or "standalone" culprit of the housing bubble. "This is a crucial matter to consider right now when rates are very low -- in my opinion, totally appropriately - because some are predicting that these rates will fuel another bubble," Rosengren said.
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