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

  • #219,281
  • Mar 24, 2010 12:23pm Mar 24, 2010 12:23pm
Quoting dario1002
today i am with those 95%
I know the feeling, take a rest of at least 7 days and rethink thoughts, that works for me.....
Don't be a hero. Don't have an ego. Always question yourself
  • #219,282
  • Mar 24, 2010 12:26pm Mar 24, 2010 12:26pm
Quoting USD-Bear
I know the feeling, take a rest of at least 7 hours and rethink thoughts, that works for me.....
he meant hours... no reason to beat yourself up too long
check out my blog: forexmademillionaire dot com
  • #219,283
  • Mar 24, 2010 12:27pm Mar 24, 2010 12:27pm
what is "funnier" is.. that i didn't trade any currency with yen for months, because i saw that they are very much "floating" ... more than other majors which i usually trade
I don't want a job, i want money!
  • #219,284
  • Mar 24, 2010 12:34pm Mar 24, 2010 12:34pm
Quoting Geppy
he meant hours... no reason to beat yourself up too long
Depends of the amount involved
Don't be a hero. Don't have an ego. Always question yourself
  • #219,285
  • Mar 24, 2010 12:44pm Mar 24, 2010 12:44pm
Look at this area, testing the bear flag breakout:

Attached Image (click to enlarge)
Click to Enlarge Name: geppydaily.gif Size: 14 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #219,286
  • Mar 24, 2010 12:45pm Mar 24, 2010 12:45pm
I am going to toss a coin to decide the direction now...
  • #219,287
  • Mar 24, 2010 1:08pm Mar 24, 2010 1:08pm
Quoting JhonMonsalve
Look at this area, testing the bear flag breakout:

Attachment
That is what I was seeing. What do you think has it broken it or not?
  • #219,288
  • Mar 24, 2010 1:16pm Mar 24, 2010 1:16pm
Quoting Cod
That is what I was seeing. What do you think has it broken it or not?
Ms. Camarilla says "Stall and reverse" at this point.
  • #219,289
  • Mar 24, 2010 1:21pm Mar 24, 2010 1:21pm
Quoting USD-Bear
remember our GU talk in EURUSD section?
yeah, i remember. My dear friend
  • #219,290
  • Mar 24, 2010 1:22pm Mar 24, 2010 1:22pm
Quoting Geppy
We're currently on the attack to crack the weekly pivot point resistance at 136.80...
So far so good...
check out my blog: forexmademillionaire dot com
  • #219,291
  • Mar 24, 2010 1:23pm Mar 24, 2010 1:23pm
Quoting Geppy
but I'm not sure how much of a correction we'll see before a shot at 137.50 I see that as our cap today as then we'll be dealing with the 200SMA on the 4H and likely be needing some consolidation before pushing through that (which I also think will happen).
So far so good...
check out my blog: forexmademillionaire dot com
  • #219,292
  • Mar 24, 2010 1:23pm Mar 24, 2010 1:23pm
Quoting JhonMonsalve
Look at this area, testing the bear flag breakout:

Attachment
I think will breakout bear flag at asia session
  • #219,293
  • Mar 24, 2010 1:25pm Mar 24, 2010 1:25pm
H&S
Attached Image
  • #219,294
  • Mar 24, 2010 1:27pm Mar 24, 2010 1:27pm
I didn't realize that new homes number was the lowest on record. Eay yai yai
  • #219,295
  • Mar 24, 2010 1:28pm Mar 24, 2010 1:28pm
Quoting Cod
That is what I was seeing. What do you think has it broken it or not?
I don't know yet, I'm on the sidelines, my 4h candle close above 500 FL from last down move, so, we're gonna test the 618 FL @137.5 or higher.

Attached Image (click to enlarge)
Click to Enlarge Name: geppy4h.gif Size: 16 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #219,296
  • Mar 24, 2010 1:30pm Mar 24, 2010 1:30pm
Quoting JhonMonsalve
I don't know yet, I'm on the sidelines, my 4h candle close above 500 FL from last down move, so, we're gonna test the 618 FL @137.5 or higher.

Attachment


Wednesday, March 24, 2010 11:28:46
(UK) Moody's affirms UK AAA rating; outlook stable
  • #219,297
  • Mar 24, 2010 1:37pm Mar 24, 2010 1:37pm
Quoting Allseeingeye

Wednesday, March 24, 2010 11:28:46
(UK) Moody's affirms UK AAA rating; outlook stable



Wednesday, March 24, 2010 11:28:46
(UK) Moody's affirms UK AAA rating; outlook stable
  • #219,298
  • Mar 24, 2010 1:58pm Mar 24, 2010 1:58pm
Well, most sterling pairs fell except for GY. Go figure the biggest USD strength combined with yen weakness would hit us GY shorters. GY's up a silly 190+ pips based on the US$ rally; UJ is also up 200 pips today - can't remember the last time that happened, but the fact that the pip rise was equal between the 2 is not a good sign for GY, which would usually rise at least 2:1.

As JhonMonsalve, clouds & others point out, we're coming up under an important uptrend line (light blue & purple, lower right). I think we're done rising for the NY session (137.432), but a test tonight of the downtrend solid blue and 50% fibo from the 143.585 lies around 138/137.9 or another 50 pips north. I expect it to bounce off there, if not on it's own merit, but because continued rising of UJ would be unusual - after this type of a huge rise, I'd expect a revisit to support around 91.1 in the next few days before any potential of a continued ride up, and a (rough) 2:1 GY fall should ensue, or at least 136.5 for now. If there's a broader consensus on GU heading down further, GY should have more downward momentum to at least 136/135.6. If the upside is in play, my bearishness may change on a retest of 139.2.

Note also the huge volume on today's rise - that should be selling into strength - if they were buyers, the dip to 134.5 should have had way more volume. UJ has similar volume - yes, there should be buyers in there for a potential ride up, but definitely a huge swath of sellers on a record UJ rise.

Also wanted to call out a reminder on US NFP due April 2, thus in 7 trading days; if you believe in further good results there as is broadly expected, let's think about positioning for that potential pop - we definitely need a dip down first, question is to where and how much.
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  • #219,299
  • Mar 24, 2010 3:31pm Mar 24, 2010 3:31pm
maybe, maybe not. u-j is not done, and i know that it is quite a surprise because it should retrace... but... no signs of exhaustion. still up. and support is @ 91.84 for now.

as for g-j, well, 136.50 is last support and 136.88 is volume pivot. 138.30 should be tp area for now.

Quoting Beljevina
As JhonMonsalve, clouds & others point out, we're coming up under an important uptrend line (light blue & purple, lower right). I think we're done rising for the NY session (137.432), but a test tonight of the downtrend solid blue and 50% fibo from the 143.585 lies around 138/137.9 or another 50 pips north. I expect it to bounce off there, if not on it's own merit, but because continued rising of UJ would be unusual - after this type of a huge rise, I'd expect a revisit to support around 91.1 in the next few days before any potential of a continued...
Nihil Sine Deo.
  • #219,300
  • Mar 24, 2010 4:00pm Mar 24, 2010 4:00pm
Quoting grashid
ok..Uj just hit my TP1 and am close all UJ long nloaded with short n would like to c pull back from 91.20 to ~ 90.50/60 area to hold it or to close it.
not mean my next target as per arrow mentioned in the chart

Will lock once it react 90.80 with BE+5.

Just watch my M15 atm..

This is just my simple s/r...
http://www.forexfactory.com/showthre...02#post3579302

No point shorting it.........

Wave UP.... No retrace...IMO....
Markets are not Random, they are designed!
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