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

  • #220,181
  • Apr 4, 2010 3:31pm Apr 4, 2010 3:31pm
Quoting ukdaytrader
Is this some kind of turf/history thing going on?
Take it elsewhere please.
Thank you. . .

Looks like our gap open coming as expected. . . So far history playing out as expected. . . 145/145.15 here we come. . . should be followed by consolidation near there for the rest of the session. . .
  • #220,182
  • Apr 4, 2010 3:33pm Apr 4, 2010 3:33pm
Quoting quecee5
Well let me be the 1st to say yields are steady at just below 4% and the NFP was good but wasn't a blow away number. . .

In fact little has changed in terms of unemployment but the good news is it's steady but a steady 9.75% which in the overall scheme of things is still not good. . .

In order for us to see further price increase it's going to take more data to justify higher price. . . Good news it that it doesn't warrant much lower price and I mean below 132 but we will see it range between here and probably [b]support...
Going to hold on to this one. . .
http://www.forexfactory.com/showthre...11#post3606111

Well let me be the 1st to say yields are steady at just below 4% and the NFP was good but wasn't a blow away number. . .

In fact little has changed in terms of unemployment but the good news is it's steady but a steady 9.75% which in the overall scheme of things is still not good. . .

In order for us to see further price increase it's going to take more data to justify higher price. . . Good news it that it doesn't warrant much lower price and I mean below 132 but we will see it range between here and probably support at 139.40/50 to 140 area. . .

Also look at the chart below ar'd this time last year and look at the chart 2010 - does this look familar to anyone. . .

Same pattern almost to the pip. . . I was expecting to see a spike up to at least 144.60 area but doesn't look that way. . .

So what can one expect. . . Well if history is an indication of the future then we can expect consolidation next week ar'd the these highs with a possible spike up to start the week

Then I expect we will drift lower as the market absorbs the data and get a nice retrace. . . I'm looking at a target of somewhere between 139.40/50 with maybe a spike down to at least 138-136 perhaps where I expect to try to take out weak longs but I see it being bought on the dips. . . from there I see a pathway toward 151 by end of Q2 with some consolidation above 139.40/50 after the dip area before the next leg up. . .

Keep in mind price has traveled a long way and we have reached 1.618 extension and if price is to go up further in what will look to be wave 5 we need a wave 4 down to relieve the OB situation. .

Also, weekly is saying buy any dips on major support. . . Also, keep in mind that 300 pips down is less than 30% of the 1100 pips it has traveled off the low. . . so 500 pips down is still less that 50% of the total total price traveled which would put price at 138 if price moves lower from here and 139 if we spike to 144.60 which is highly possible. . .
  • #220,183
  • Apr 4, 2010 3:45pm Apr 4, 2010 3:45pm
Opening price right now 144.76. . .
  • #220,184
  • Apr 4, 2010 3:45pm Apr 4, 2010 3:45pm
My idea is to sell my gj longs bought over 139 a few minutes before the Pending Home Sales m/m news.

Anyone think I should or shouldn't?
  • #220,185
  • Apr 4, 2010 4:03pm Apr 4, 2010 4:03pm
Yawn. Looks like I will be burning the midnight oil.

Trailing stops starting @ 144.25 on some longs sitting from 143.90, so let's see where the bulls want to take us. Might be a while before the gap gets closed this week, but we'll soon see.

Would still expect the gap to be closed within the next 2-3 days....
  • #220,186
  • Apr 4, 2010 4:09pm Apr 4, 2010 4:09pm
selling gbp/jpy 144,80 - target 142,40 - for a falling wedge and narrow from here to 143,20 (till london opens tuesday)
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #220,187
  • Apr 4, 2010 4:20pm Apr 4, 2010 4:20pm
Druuuuuuuuuummmmm rolllllllllllllllllllllllllllllll please!

Let the BS began. . . .

China being called currency manipulators by the US. . . US could announce the timing of this within days. . .
  • #220,188
  • Apr 4, 2010 4:21pm Apr 4, 2010 4:21pm
Quoting jckm
selling gbp/jpy 144,80 - target 142,40 - for a falling wedge and narrow from here to 143,20 (till london opens tuesday)
same page....i sold this gap....actually my first tp is the gap. Whats your sl?---mine 145.4
  • #220,189
  • Apr 4, 2010 4:22pm Apr 4, 2010 4:22pm
Quoting Cod
My idea is to sell my gj longs bought over 139 a few minutes before the Pending Home Sales m/m news.

Anyone think I should or shouldn't?
your trade bro. entirely up to you.
  • #220,190
  • Apr 4, 2010 4:28pm Apr 4, 2010 4:28pm
Quoting quecee5
Druuuuuuuuuummmmm rolllllllllllllllllllllllllllllll please!

Let the BS began. . . .

China being called currency manipulators by the US. . . US could announce the timing of this within days. . .
Is this before or after Hu visits Obama for the nuclear talks? Word on Bloomies last week was that the US was very unlikely to diss the Chinese at a time when they need Hu to add credibility to the talks. Hmmmm.
  • #220,191
  • Apr 4, 2010 4:28pm Apr 4, 2010 4:28pm
Quoting pkimnyc
your trade bro. entirely up to you.
well my other idea is to just keep riding sl 35 pips below the h1 50 ema which is what I consider to the the bottom channel of this current trend up.
  • #220,192
  • Apr 4, 2010 4:29pm Apr 4, 2010 4:29pm
See you guys in the next few days or so. . .
Think gj going into ranging mode for the rest of the day into the start of next week. . .

Happy pipn this week. . .
  • #220,193
  • Apr 4, 2010 4:29pm Apr 4, 2010 4:29pm
Touched next resist., high RSI. Bit of drop coming, I believe.
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  • #220,194
  • Apr 4, 2010 4:31pm Apr 4, 2010 4:31pm
Quoting ukdaytrader
Is this before or after Hu visits Obama for the nuclear talks? Word on Bloomies last week was that the US was very unlikely to diss the Chinese at a time when they need Hu to add credibility to the talks. Hmmmm.
Geithner already saying it's key that China make a move on appreciating the yuan currency. . .
Also saying HU's visit has no effect on China's currency decision. . .
  • #220,195
  • Apr 4, 2010 4:31pm Apr 4, 2010 4:31pm
Quoting Cod
well my other idea is to just keep riding sl 35 pips below the h1 50 ema which is what I consider to the the bottom channel of this current trend up.
like i said,... it's your trade. it's your call.
  • #220,196
  • Apr 4, 2010 4:35pm Apr 4, 2010 4:35pm
Quoting quecee5
Thank you. . .

Looks like our gap open coming as expected. . . So far history playing out as expected. . . 145/145.15 here we come. . . should be followed by consolidation near there for the rest of the session. . .
next thing will be a holi war in ff.
we haven't had that yet, had we?
  • #220,197
  • Apr 4, 2010 4:41pm Apr 4, 2010 4:41pm
Quoting pkimnyc
next thing will be a holi war in ff.
we haven't had that yet, had we?
There's time........

  • #220,198
  • Apr 4, 2010 4:44pm Apr 4, 2010 4:44pm
Quoting ukdaytrader
There's time........

guess that means no more fun?
j/k
  • #220,199
  • Apr 4, 2010 4:44pm Apr 4, 2010 4:44pm
Quoting pkimnyc
next thing will be a holi war in ff.
we haven't had that yet, had we?
. . . . See you in a few days. . .!

going to live life while gj spikes up then consolidate. . . Aus, New Zealand, and China all closed 2day for Easter Monday. . .
  • #220,200
  • Apr 4, 2010 4:48pm Apr 4, 2010 4:48pm
Quoting quecee5
. . . . See you in a few days. . .!

going to live life while gj spikes up then consolidate. . . Aus, New Zealand, and China all closed 2day for Easter Monday. . .
enjoy your day off bro.
see you in few days.
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