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

  • #219,841
  • Mar 30, 2010 4:28pm Mar 30, 2010 4:28pm
Rgitt - still selling rallies?
  • #219,842
  • Mar 30, 2010 5:04pm Mar 30, 2010 5:04pm
anyone shorting this? G/J 4Hr
Attached Image (click to enlarge)
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  • #219,843
  • Mar 30, 2010 5:08pm Mar 30, 2010 5:08pm
Quoting shahab8b
anyone shorting this? G/J 4Hr

I dont think this gj is dropping...
  • #219,844
  • Mar 30, 2010 5:10pm Mar 30, 2010 5:10pm
Quoting shahab8b
anyone shorting this? G/J 4Hr
Not me, if anything I would be long, but I rather wait for a better short level
Don't be a hero. Don't have an ego. Always question yourself
  • #219,845
  • Mar 30, 2010 5:15pm Mar 30, 2010 5:15pm
Quoting shahab8b
anyone shorting this? G/J 4Hr
Just placed small shorts on GY, AY and UY based on 4hr bearish divergence. Will add small positions even if we climb higher providing the divergences haven't been invalidated.

I do have some AY longs in a sub account which I will look to close on a pop higher....
  • #219,846
  • Mar 30, 2010 5:26pm Mar 30, 2010 5:26pm
Quoting ukdaytrader
Just placed small shorts on GY, AY and UY based on 4hr bearish divergence. Will add small positions even if we climb higher providing the divergences haven't been invalidated.

I do have some AY longs in a sub account which I will look to close on a pop higher....

hi ukdaytrader,
hope all is well, I went short ,at 139.80 SL=140.68
will switch to long at 139 SL=137.75 ,
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  • #219,847
  • Mar 30, 2010 5:47pm Mar 30, 2010 5:47pm
Quoting shahab8b
hi ukdaytrader,
hope all is well, I went short ,at 139.80 SL=140.68
will switch to long at 139 SL=137.75 ,
I'm seeing a retrace down to the 138 region for the divergence to have played out.

Am not discounting more upside if UY decides to strengthen, but like I said, I will add.....
  • #219,848
  • Mar 30, 2010 5:53pm Mar 30, 2010 5:53pm
I don't really have a plan for the next session. I see a few exhausted bulls and a depressed bear or two.

AU AY might get exciting after the news but not sure what to expect. I'll wait to see what asia is up to and try to build some be's that can ride into london.
  • #219,849
  • Mar 30, 2010 5:54pm Mar 30, 2010 5:54pm
Quoting ukdaytrader
I'm seeing a retrace down to the 138 region for the divergence to have played out.

Am not discounting more upside if UY decides to strengthen, but like I said, I will add.....
I'm long U/J aiming 94.8 ,97 in extension (posted the charts with details in my thread) , I think G/U may come down to 1.50 before going up , thought lessen my exposure with G/J short which seems has been waiting for me take short before jumping higher , atm -22
  • #219,850
  • Edited 7:31pm Mar 30, 2010 7:02pm | Edited 7:31pm
trade in circles - is risky. imho
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  • #219,851
  • Mar 30, 2010 7:31pm Mar 30, 2010 7:31pm
Quoting Scrat
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...

Scrat, could you point us to a thread or website about market profile analysis? Thanks.


Bartstop
  • #219,852
  • Mar 30, 2010 8:08pm Mar 30, 2010 8:08pm
this is the topic. you will find indicators and links to more resources.

Quoting bartstop
Scrat, could you point us to a thread or website about market profile analysis? Thanks.


Bartstop
Nihil Sine Deo.
  • #219,853
  • Edited 8:47pm Mar 30, 2010 8:35pm | Edited 8:47pm
GBP/JPY all 5-15-30-1hr-4hr is all overbought.. still going up lol whats going on here?

add: daily too all overbought.
  • #219,854
  • Mar 30, 2010 8:50pm Mar 30, 2010 8:50pm
Quoting feardox
GBP/JPY all 5-15-30-1hr-4hr is all overbought.. still going up lol whats going on here?
GJ has hitched it's star to UJ. USD is getting bought bigtime, and I'm starting to think my 93.5 target in UJ will get blown out quite quickly, with 100 attainable. Yen is weak, and the Japanese like it that way - it's looking like they'll be working towards this.

Some clarity should be here with month/week end on where the yen is headed, and what NFP will bring for US markets. GY looks like it's getting sold with every higher high, yet, there always seem to be successive highs around the corner, with traditional congestion and SR areas carrying little weight. We're at a very precarious point in most the currencies, mostly because the correlations are changing to ways we've never seen before., ie, USD used to be a hedge against equities going down, now regardless of what equities do, the USD just gains strength.
  • #219,855
  • Mar 30, 2010 9:05pm Mar 30, 2010 9:05pm
well that's the weird thing, it seems it's not really sold yet as it goes up. i explained earlier why.

there are 2 explanations to this: either fake rally to test how many suckers will jump into longs, or a fast mark up towards a strong resistance level where heavy selling will come into play (and when it comes, we'll know). i tend to favor the second option, especially that we have nfp this friday and big boys are already positioning. but it may be until monday for a clear direction.

Quoting Beljevina
...GY looks like it's getting sold with every higher high, yet, there always seem to be successive highs around the corner, with traditional congestion and SR areas carrying little weight....
Nihil Sine Deo.
  • #219,856
  • Mar 30, 2010 9:12pm Mar 30, 2010 9:12pm
gj15m
this chart is complicated & it`s logic isn`t simple
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  • #219,857
  • Mar 30, 2010 9:13pm Mar 30, 2010 9:13pm
Quoting Scrat
well that's the weird thing, it seems it's not really sold yet as it goes up. i explained earlier why.

there are 2 explanations to this: either fake rally to test how many suckers will jump into longs, or a fast mark up towards a strong resistance level where heavy selling will come into play (and when it comes, we'll know). i tend to favor the second option, especially that we have nfp this friday and big boys are already positioning. but it may be until monday for a clear direction.
hmm we will see what this pair want to do cus i am still confuse myself...weekly and monthly demand for heavy selling ...kinda dangerous to buy this levels ,,
MY OPINION NOT FINANCIAL ADVISE
  • #219,858
  • Mar 30, 2010 9:16pm Mar 30, 2010 9:16pm
Quoting donfriday
hmm we will see what this pair want to do cus i am still confuse myself...weekly and monthly demand for heavy selling ...kinda dangerous to buy this levels ,,
its teasing and wants us to buy it so we fall for it.
Seen this happen last year and it dropped 600 pips
  • #219,859
  • Mar 30, 2010 9:23pm Mar 30, 2010 9:23pm
here's a FE with upside targets. first is 141.85.

Quoting donfriday
hmm we will see what this pair want to do cus i am still confuse myself...weekly and monthly demand for heavy selling ...kinda dangerous to buy this levels ,,
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Nihil Sine Deo.
  • #219,860
  • Mar 30, 2010 10:17pm Mar 30, 2010 10:17pm
come on tiger drop already.. daddy needs to buy a new car
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