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

  • #218,561
  • Mar 17, 2010 5:02pm Mar 17, 2010 5:02pm
Quoting pipsbull
After touching the top of the channel and FE100, I expect a pullback down to 137.2 first to it's 50fib and if broken, daily gann will be tested for sure. Also, the DXY found firm support imho and should see some dollar strenght from now on which will leak to gbp/usd weakness..
I like that - we're on the same ship! Will unload some of my perhaps overextended shorts from 139.2 ... nowhere near the 6 trillion clouds picked up, but of course I wish I'd taken more, now that we're 100+pips below there!
  • #218,562
  • Mar 17, 2010 5:33pm Mar 17, 2010 5:33pm
Quoting pipsbull
After touching the top of the channel and FE100, I expect a pullback down to 137.2 first to it's 50fib and if broken, daily gann will be tested for sure. Also, the DXY found firm support imho and should see some dollar strenght from now on which will leak to gbp/usd weakness..
Good one!
I have exactly same chart and tgt, that made me to go sort at 139.1. however I have closed one lot for 100pips lets see where others go. i ll let it run till it hits SL, currently 138.75.
  • #218,563
  • Mar 17, 2010 5:38pm Mar 17, 2010 5:38pm
Quoting USD-Bear
Looks very tempting I'll give it a try, short @ 9240
Thanks for the idea
yes! looks like it is going to fall big time. i am sort @9198 and 9245.
  • #218,564
  • Mar 17, 2010 7:12pm Mar 17, 2010 7:12pm
so hypothetically, if it fall below 132, maybe it go down real quick to 120, but then lot of buyers i would think, at least for bounce

Attached Image
  • #218,565
  • Mar 17, 2010 7:16pm Mar 17, 2010 7:16pm
why is anyone bearish on the Yen pairs?

All look bullish to me, but we'll see......
  • #218,566
  • Mar 17, 2010 7:20pm Mar 17, 2010 7:20pm
Quoting ukdaytrader
why is anyone bearish on the Yen pairs?

All look bullish to me, but we'll see......
well, on monthly chart, the 139.5-150 range broke out to the down side, a retest of that zone is place for me sell
personally, that's why i'm bearish
  • #218,567
  • Mar 17, 2010 7:51pm Mar 17, 2010 7:51pm
Just need to break DP and first stop at 137,2 as noted earlier...
  • #218,568
  • Edited 8:08pm Mar 17, 2010 7:57pm | Edited 8:08pm
Quoting PipinStein
Where's the USD/CAD bulls from last week. I just started a long 1.0075 and want to hear from yous guys

Quecee5, Cdawg, anybody else
Only Close above 1.020... Daily or Monthly will confirm Bullish Scenario..

USD CAD has a Opposite Correalation with OIL...

Why Buy USD / CAD.....Unless OIL is gonna dip...which I doubt it...Prolly will see OIL at $200../ Barrell..next few years(2 years).

Here is USD/ CAD chart
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #218,569
  • Mar 17, 2010 8:02pm Mar 17, 2010 8:02pm
Just a daily index update for anyone interested:
Decent support @79,5 imo, that is 38.2fib, daily 50ema and bottom of the bull flag.
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  • #218,570
  • Mar 17, 2010 8:05pm Mar 17, 2010 8:05pm
Quoting pipsbull
Just need to break DP and first stop at 137,2 as noted earlier...
Good DP break, see you lower
  • #218,571
  • Mar 17, 2010 8:15pm Mar 17, 2010 8:15pm
(CH) Adviser to China's banking regulator has proposed a forex tax aimed at slowing hot money inflows - China Business News- The article cites Andrew Sheng, who said the purpose of the tax was not to increase transaction costs but to locate who was speculating in the currency market.
- Sheng said China should initially set the mooted "Tobin tax" at zero to serve as a warning to speculators.
- Sheng used to be the chairman of Hong Kong's Securities and Futures Commission
  • #218,572
  • Mar 17, 2010 8:21pm Mar 17, 2010 8:21pm
Quoting ukdaytrader
why is anyone bearish on the Yen pairs?

All look bullish to me, but we'll see......
testing support now. should bounce if GY still bullish, if it breaks, then I'm in w/ the bears.
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  • #218,573
  • Mar 17, 2010 8:25pm Mar 17, 2010 8:25pm
There's apparently a Japanese fixing/repatriation that just occurred with many of the JPY crosses - it's interesting to watch how most of the pairs do not correspond in their downtrend, as I guess individual pair selling occurs. regardless, it's probably not that important. What I am seeing is sterling weakness, since GU was falling nicely along with GY, and EG rising. Currently broken to 137.95, but not seeing any stopping volume, on what look to be comparatively large asia session volumes for these pairs, which I assume is primarily selling. Next stop 137.5.
  • #218,574
  • Mar 17, 2010 8:38pm Mar 17, 2010 8:38pm
GBP current trade:

http://www.forexfactory.com/showpost...postcount=5428

Charts:
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  • #218,575
  • Mar 17, 2010 9:10pm Mar 17, 2010 9:10pm
Quoting Fudomyo
tricky bastards. they closed the hour right on the support line. ...lol
i would wait for either london or ny to enter the trade.
  • #218,576
  • Mar 17, 2010 9:15pm Mar 17, 2010 9:15pm
Quoting pkimnyc
i would wait for either london or ny to enter the trade.
Quadruple witching coming up this week as well.
  • #218,577
  • Mar 17, 2010 9:15pm Mar 17, 2010 9:15pm
Quoting Beljevina
There's apparently a Japanese fixing/repatriation that just occurred with many of the JPY crosses - it's interesting to watch how most of the pairs do not correspond in their downtrend, as I guess individual pair selling occurs. regardless, it's probably not that important. What I am seeing is sterling weakness, since GU was falling nicely along with GY, and EG rising. Currently broken to 137.95, but not seeing any stopping volume, on what look to be comparatively large asia session volumes for these pairs, which I assume is primarily selling. Next...

IMO..the whole down move is purely technical so I think the move will be limited to GJ LTL @ 136.. Just look at UJ ..it has been in suspended animation for a few days. If Jpy index reach utl..GJ may spike up
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  • #218,578
  • Edited 9:31pm Mar 17, 2010 9:20pm | Edited 9:31pm
Quoting pkimnyc
i would wait for either london or ny to enter the trade.
hi pk,

makes sense.

flat atm. was waiting to see if we get some movement during Nikkei break, but Asia session's been pretty slow this week.
  • #218,579
  • Mar 17, 2010 9:23pm Mar 17, 2010 9:23pm
Quoting Geppy
Hey, so now that we touched 139.00 isn't Zweig supposed to be headed to Florida or something to be someone's butler?

he's hiding in toilet bowl...what a noobs!!
I don't CARE how many DOLLAR you earn, I just care how LONG you can TRADE
  • #218,580
  • Mar 17, 2010 9:32pm Mar 17, 2010 9:32pm
Quoting Fudomyo
hi pk,

makes sense.

flat atm. was waiting to see if we get some movement during Nikkei break, but Asia session's been pretty slow this week.
137.30 area = fe 100 of the smaller degree of wave C target.

136.50 area = fe 161 of the smaller degree of wave C target.

also WPP is ar'd 136.50 lines up with lower tl of the lower tf (1hr).

if bounce then 142.50 area (or near) should be the target to the upside (161 fe).
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