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

  • #220,321
  • Apr 6, 2010 6:55pm Apr 6, 2010 6:55pm
hope you guys are making them pips, but here's why we will get lower prices

in gj
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  • #220,322
  • Apr 6, 2010 7:05pm Apr 6, 2010 7:05pm
I have another issue with last weeks up move see the vols only rose

late in the move always very strange to see the market move up so fast so quickly on little vol i think scrat seen that in his charts even though i find them hard (also) to understand lol but i knew what he was saying - theres still no real confirmation that the bears are in control far from it so imo we have to play every session as they unfold and tell us the next story - another note during last weeks up move actually even before then notice how asia never moved the market not even a pip on some sessions now she's alive makes our lives alot easier

good luck all
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  • #220,323
  • Apr 6, 2010 7:08pm Apr 6, 2010 7:08pm
not sure
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  • #220,324
  • Apr 6, 2010 8:45pm Apr 6, 2010 8:45pm
Quoting quecee5
It really doesn't. . . it's more psychological for some traders as they trade in terms of TL's etc so wanted to ensure I was given them at least a target they can relate to - the LTL off the low 132 and the UTL off the 150.80 high. . .

I still contend that 135.50/25 is the target if we dip below 139 as it is also the monthly swing low. . .
Thanks for explaning. I wasn't sure if you were estimating off the lower TL or an EW wave ratio. This area makes a lot of sense if we get below 139 and break 138.2 support.

For now, we may just consolidate around 143 until the BOJ Press Conference around 7:20am GMT. If Shirakawa announces more easing, we could fly north (even though the market's not expecting them to do so).

Last month's doubling of their credit program wasn't expected either, so today could be a bit of a wild card day.
  • #220,325
  • Edited 9:18pm Apr 6, 2010 8:45pm | Edited 9:18pm
gj15m
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  • #220,326
  • Apr 6, 2010 8:52pm Apr 6, 2010 8:52pm
The Chartered Institute of Purchasing and Supply (CIPS) Services Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories.

Forecast: 58.2

A positive deviation of 2.4 should move the GBPUSD +20 to 50 pips
A negative deviation of 2.4 should move the GBPUSD -20 to 50 pips

A 100% retracement is common in the following 3 hours. This entry should be good for 100% of the initial reaction.

Retail positioning stands at -1.5 as there are 1.5 sellers for every 1 buyer.

The retail positioning ratio signifies that if there is a + deviation > 2.4 and price breaks 1.5290 stops will be hit and price will continue higher.

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  • #220,327
  • Apr 6, 2010 8:57pm Apr 6, 2010 8:57pm
What is this up move?...clearing ther stops of shorts before the dive?
  • #220,328
  • Apr 6, 2010 9:14pm Apr 6, 2010 9:14pm
Quoting Fusion
What is this up move?...clearing ther stops of shorts before the dive?
It's called oversold levels retracing so we can have another drop. If you aren't short already this is an opportune time in my opinion here at 143.45
check out my blog: forexmademillionaire dot com
  • #220,329
  • Apr 6, 2010 9:26pm Apr 6, 2010 9:26pm
Quoting Fusion
What is this up move?...clearing ther stops of shorts before the dive?
It doesn't appear that way, this move looks as strong as yesterday's was the other direction.

May see 145 by the end of the session.
  • #220,330
  • Apr 6, 2010 9:34pm Apr 6, 2010 9:34pm
Quoting Cod
It doesn't appear that way, this move looks as strong as yesterday's was the other direction.

May see 145 by the end of the session.
Did we test 143.80 when we broke it last night?...
  • #220,331
  • Apr 6, 2010 9:39pm Apr 6, 2010 9:39pm
200 DAILY SMA is above at 145.50

100 DAILY SMA is below at 142.50

This could shape up to be a battle similar to those we saw last October (which involved the 50 and 100 SMA - as well as overhead 200 SMA) and January.

Be careful.

NM
  • #220,332
  • Apr 6, 2010 9:42pm Apr 6, 2010 9:42pm
Quoting Fusion
Did we test 143.80 when we broke it last night?...
mine=yes...

n i just started2Xentry at sell limit 143.80 on & 143.79 manual in.....let c what happen
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  • #220,333
  • Apr 6, 2010 9:49pm Apr 6, 2010 9:49pm
Quoting grashid
mine=yes...

n i just started2Xentry at sell limit 143.80 on & 143.79 manual in.....let c what happen
You mean we just tested it now?
  • #220,334
  • Apr 6, 2010 9:52pm Apr 6, 2010 9:52pm
Quoting Fusion
You mean we just tested it now?
yes...if break this am not suprise to see back 144.27-144.33 again or little bit higher ~ 144.60/70..but definetely i do not want to see 145/145.30 today ...cheers

143.80 is my key as mentioned in a few post b4....good luck

http://www.forexfactory.com/showpost...stcount=220251
  • #220,335
  • Apr 6, 2010 10:04pm Apr 6, 2010 10:04pm
last night before the fall, we had the compression of EMA's on 5 min. chart, a false upthrust and then dive...tonight we have the same compression on 30 min. chart, and all that I see RIGHT NOW is the false breakout of the compression to upside, which IF i read it right, means we will be going down....and by the way, this one is on 30 min....which I think you know what it means....

Quoting grashid
yes...if break this am not suprise to see back 144.27-144.33 again or little bit higher ~ 144.60/70..but definetely i do not want to see 145/145.30 today ...cheers

143.80 is my key as mentioned in a few post b4....good luck

http://www.forexfactory.com/showpost...stcount=220251
  • #220,336
  • Apr 6, 2010 10:21pm Apr 6, 2010 10:21pm
PROBLEMS OF DEFORESTATION

http://img339.imageshack.us/img339/543/treest.jpg
  • #220,337
  • Apr 6, 2010 10:27pm Apr 6, 2010 10:27pm
Quoting grashid
yes...if break this am not suprise to see back 144.27-144.33 again or little bit higher ~ 144.60/70..but definetely i do not want to see 145/145.30 today ...cheers

143.80 is my key as mentioned in a few post b4....good luck

http://www.forexfactory.com/showpost...stcount=220251
do u mind explaining why 143.8
  • #220,338
  • Apr 6, 2010 10:33pm Apr 6, 2010 10:33pm
Quoting Fusion
last night before the fall, we had the compression of EMA's on 5 min. chart, a false upthrust and then dive...tonight we have the same compression on 30 min. chart, and all that I see RIGHT NOW is the false breakout of the compression to upside, which IF i read it right, means we will be going down....and by the way, this one is on 30 min....which I think you know what it means....

Damn tight compression at that, might be a good size move. Bearish gartley forming on 30m and h1 both with bearish oscillator divergence (RSI and Osma). Think I'll take the bait.
  • #220,339
  • Apr 6, 2010 11:12pm Apr 6, 2010 11:12pm
gj15m
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  • #220,340
  • Apr 6, 2010 11:16pm Apr 6, 2010 11:16pm
Quoting Clouds
do u mind explaining why 143.8
what is ur last week friday close and this week monday open and what that mean of that gap?

that area become support? n now resistance ?think of that....

here is my chart and i just need this H4 close and open below this 143.80 to go babck to my TP 2 & definetely TP3 or maybe TP4...cheers

p/s: am watching my M15/H1 and H4 atm
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