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

  • #219,821
  • Mar 30, 2010 11:02am Mar 30, 2010 11:02am
Quoting Geppy
Could just be a shakeout for weak shorts...
See at the price move. We can see 139.30there is really a hard breaker price. Everytime take a hard break moving up or down. Now seem bull is taking control if today close above it. When it start break down. I bias sell all rally already. Good Luck all
  • #219,822
  • Mar 30, 2010 11:04am Mar 30, 2010 11:04am
Don't know but think we will get not much of a retracement and it's too early for shorts. Could be we have to wait until 142.6'ish for the real thing.
I'll keep out for the moment.

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #219,823
  • Mar 30, 2010 11:44am Mar 30, 2010 11:44am
After drawing the lower uptrend line on the daily I duplicated the line to create the uptrend channel. Notice the upper trend line could also offer another aspect of resistance on top of the horizontal resistance zone we're up against right now.

I'm flat right now but mulling potential shorts...
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  • #219,824
  • Mar 30, 2010 11:53am Mar 30, 2010 11:53am
Quoting peterh
check this out
free ship when register ?
  • #219,825
  • Mar 30, 2010 11:57am Mar 30, 2010 11:57am
Quoting special0nefx
free ship when register ?
No, I think that's an illustration of what you'll be able to afford with all the money you make from the FREE signals.
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  • #219,826
  • Mar 30, 2010 12:15pm Mar 30, 2010 12:15pm
Good chance we're going to retrace to the 50% of the up move, down to the cluster area somewhere around 139.4/3. And for good confusion measure, I'm sure they'll close the daily somewhere there too, to make anticipating the next move oh so more difficult. GMT chart time also gives a prominent doji on the H4, but frankly, I have very little confidence in the GY candles lately.
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  • #219,827
  • Mar 30, 2010 12:23pm Mar 30, 2010 12:23pm
Quoting Beljevina
Good chance we're going to retrace to the 50% of the up move, down to the cluster area somewhere around 139.4/3. And for good confusion measure, I'm sure they'll close the daily somewhere there too, to make anticipating the next move oh so more difficult. GMT chart time also gives a prominent doji on the H4, but frankly, I have very little confidence in the GY candles lately.
I'm thinking the retracement could be much lower. Considering we've haven't had any REAL retracements since the start of the most recent climb (135ish), I think we could see 137 or even down as far as 136.
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  • #219,828
  • Mar 30, 2010 12:48pm Mar 30, 2010 12:48pm
Quoting Geppy
I'm thinking the retracement could be much lower. Considering we've haven't had any REAL retracements since the start of the most recent climb (135ish), I think we could see 137 or even down as far as 136.
I looking for 138.30 there
  • #219,829
  • Mar 30, 2010 1:14pm Mar 30, 2010 1:14pm
Quoting naatha
Dao De Jing Chapter 1


Dao may be accepted as "Dao", but that would conflict with the constant motion of Dao.
A name may be accepted as a "Name", but that would conflict with the constant motion of what's been given a name.

Everything started out without needing to be named or categorized.
When they were seen as things that needed to be nurtured, they were then given names.

Therefore:
If you constantly have the attitude of not wanting anything, then you'd look at even the smallest thing as being significant.
If you constantly have the attitude...
I would love to know what you are trying to say. As for your charts, they are overwhelming like the other person above said. Would be great if you could explain them?
  • #219,830
  • Mar 30, 2010 1:19pm Mar 30, 2010 1:19pm
Quoting Geppy
I'm thinking the retracement could be much lower. Considering we've haven't had any REAL retracements since the start of the most recent climb (135ish), I think we could see 137 or even down as far as 136.
139.3 is my expectation for the upcoming Asia session; wasn't sure beyond that, as I'm finding GJ completely unpredictable lately - I was thinking of switching to GU on a permanent basis - this yen weakness is messing everything up, not to mention the breaking of correlations. 138.04 is the lowest I'm seeing at this time, if that - that's 200 pips away, with 2 more London sessions to get there. The fact that Friday is a holiday is a dangerous wild card - don't know what the big boys would like as a NFP target pop (assuming there is one) - will all depend on where PA takes things over the next 2 days. Lately it's been a case of whatever you expect should happen, doesn't. Am still short biased, but scalping for 30-50 pips here and there.

P.S. - Many congrats on your long bias - sterling's undeserving of it, but that's irrelevant, isn't it. Word on the street is GBP is getting the crap bought out of it, so 143 may not be all we'll see, until of course they crash it down.
  • #219,831
  • Mar 30, 2010 1:36pm Mar 30, 2010 1:36pm
Quoting Beljevina
P.S. - Many congrats on your long bias - sterling's undeserving of it, but that's irrelevant, isn't it. Word on the street is GBP is getting the crap bought out of it, so 143 may not be all we'll see, until of course they crash it down.
Thanks man. I'm not sure how long my long biased will last... I feel the need to reassess it after every deep correction. But it looks good for now and I'd probably maintain it as long as we're over 136.00
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  • #219,832
  • Edited 3:04pm Mar 30, 2010 2:48pm | Edited 3:04pm
the more it goes up, the lower the volume...

from daily point of view, uptrend channel is intact as long as price stays above 135.97.
i agree about the need for some sort of correction, but if we look at h4 it's also going up inside the minor uptrend channel - it's true that we can see something reminding of a gravestone doji, but at this point i would expect a test of 138.03 first.

alright. here are the charts.

p.s. i still think at upper 141 as a valid target.

Quoting Geppy
Thanks man. I'm not sure how long my long biased will last... I feel the need to reassess it after every deep correction. But it looks good for now and I'd probably maintain it as long as we're over 136.00
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Nihil Sine Deo.
  • #219,833
  • Mar 30, 2010 2:49pm Mar 30, 2010 2:49pm
Our recent updates on EU & GU have proved, the price on both pairs went higher/ the bullish momentum is slowing, and soon we can await the correction move.

if you followed my analysis, you could have caught 200+ pips. my congratulations!

The price possibly found its short-term peak at 1.512 level. The latter 5th wave had 685.4 length comparing to the first one.

Sell orders with moderate volumes may be opened with SL 1.513 and initial target 1.50. Stochastics indicator pattern shows the bearish bias, that we’ll try to catch.
15 and 30 min charts are in the signature link.
  • #219,834
  • Mar 30, 2010 2:59pm Mar 30, 2010 2:59pm
Quoting Tovinces
Our recent updates on EU & GU have proved, the price on both pairs went higher/ the bullish momentum is slowing, and soon we can await the correction move.

if you followed my analysis, you could have caught 200+ pips. my congratulations!

The price possibly found its short-term peak at 1.512 level. The latter 5th wave had 685.4 length comparing to the first one.

Sell orders with moderate volumes may be opened with SL 1.513 and initial target 1.50. Stochastics indicator pattern shows the bearish bias, that we’ll try to catch.
15 and 30 min charts...
  • #219,835
  • Mar 30, 2010 3:03pm Mar 30, 2010 3:03pm
Quoting quecee5
Hi Q,

Did you not follow the updates man...whats wrong with you lol.....

Hope all is well my friend...

waiting for a dip on GJ at present....

Have a nice trading year, just thought I would stop by and say hello..

Geppyg
Let Price determine your future!
  • #219,836
  • Mar 30, 2010 3:05pm Mar 30, 2010 3:05pm
Quoting Scrat
the more it goes up, the lower the volume...
Scrat, can you comment any more on that. I'm no volume guru besides knowing that means it's generally a weaker move and the fall could be fast and sharp. Is there anything else to read into from that?
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  • #219,837
  • Mar 30, 2010 3:06pm Mar 30, 2010 3:06pm
Quoting quecee5
My thoughts exactly... one spammer after another in here!
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  • #219,838
  • Mar 30, 2010 3:17pm Mar 30, 2010 3:17pm
Good morning.
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  • #219,839
  • Mar 30, 2010 3:42pm Mar 30, 2010 3:42pm
yes, of course.

here is the profile for the upswing started @ 134.65. i checked the most intense traded level, it is 137.56 and it should be the real support.

now look on the left side, where question marks are. we went above 137.56, but take a look at tick activity @ 138.60, 139.45, 140.35 and compare those levels to 137.56 = it is significantly small... not to mention that 140.35 peak is ridiculous...

now the interpretation: at first sight, high activity @ 137.56 + price @ 300 pips above = strong bull trend. but if this were true, i would have expected to see another reprise of intense selling as price went above 137.56 (because professionals are ALWAYS selling into an uptrend). and this intense selling should have made another histogram peak... either one of the marked peaks.

this rally does not appear to be sustained by real activity. with this configuration, i expect price to come back @ 137.56 first.

Quoting Geppy
Scrat, can you comment any more on that. I'm no volume guru besides knowing that means it's generally a weaker move and the fall could be fast and sharp. Is there anything else to read into from that?
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Nihil Sine Deo.
  • #219,840
  • Mar 30, 2010 3:47pm Mar 30, 2010 3:47pm
Quoting Scrat
yes, of course.

here is the profile for the upswing started @ 134.65. i checked the most...

Wow Scrat, thanks for the chart... that's eye popping, really! Thanks for the long explanation too. As I said, I'm no volume guru... can you think of the last time you saw such an odd volume with a run up like this?
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