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

  • #220,661
  • Apr 13, 2010 12:00am Apr 13, 2010 12:00am
Crazy post was by the Elliot wave rules...Everybody makes mistakes.. You just have to know when to get out and accept you are wrong..

I may be wrong too..and you may be right..

When I see its gonna go to 99 or 105...I will be there with the Bear... Even further to 83 - 82 ....

As of NOW we are 1000 pips away from 132... And I have hedged my Position..

I always have an Alternate Scenario... So just gauging the Market Day by Day..month by month...with No Bias..

Its always good to trade by What you see...Not what you Believe...


the Only thing you can do besides analyzing the charts...is Have a Game Plan...and Money Management with Discipline...to be successful in this Game

I am not Preaching You...just Reminding My self...cause I am not gonna blow My account anymore... ( I have in the Past)

Learn and share... Friend...
Markets are not Random, they are designed!
  • #220,662
  • Edited 12:20am Apr 13, 2010 12:10am | Edited 12:20am
Quoting KillerWhale
Raza, if you can't make sense of his charts, then why did you vouch for him?

Shamu
LOL....

He had a good streak of winning Trades or calls in the Past...

And I was appreciating His Effort... for posting Charts...while many others Hesitate to. And I dont like to Vouch just to be Buddy Buddy with

someone..only based on Merit..

Just like the person who, Vouched me for the First time...it really meant a lot and all the others fellow traders who did from time to time.

I really appreciate when someone recognizes your work... and I can take criticizm just as well.

I am not the stubborn kind...not anymore...

You probably know the feeling of getting a First Vouch...ever.

You should see my Stupid charts in the begining...they were horrible...lol...
Markets are not Random, they are designed!
  • #220,663
  • Apr 13, 2010 12:14am Apr 13, 2010 12:14am
Looking at PA bearishness from yesterday keeps the daily bear picture alive... I would look for 141.00-20 to be touched today if we keep this up with a break of that level I would see 140.50-60 be the next target... We could see PA go back up to 142.70-90 where shorts would start to push the PA down to the above mention targets...
Traderdesk -
  • #220,664
  • Apr 13, 2010 12:15am Apr 13, 2010 12:15am
Quoting Mush
to all im reading posts...most are very crazy 147 148 163 150 all numbers...gbpjpy is heading to 99yen soon it is not going up donot forget uk situation and portugal greeek dubai and spain.......short is best idea.....happy trade,best regards
what you saw from your monthly chart mate....could you pls post your chart plz...142.30 as i mentioned as a critical area for me to long or to wait 142 to break for entering short...

otherwise...am still bull bias as am already took off in my bear last week at 141.50 & Sl@BE+10...

pls advice

g
  • #220,665
  • Apr 13, 2010 12:20am Apr 13, 2010 12:20am
Quoting Raza
Crazy post was by the Elliot wave rules...Everybody makes mistakes.. You just have to know when to get out and accept you are wrong..

I may be wrong too..and you may be right..

When I see its gonna go to 99 or 105...I will be there with the Bear... Even further to 83 - 82 ....

As of NOW we are 1000 pips away from 132... And I have hedged my Position..

I always have an Alternate Scenario... So just gauging the Market Day by Day..month by month...with No Bias..
Its always good to trade by What...
I always have an Alternate Scenario... So just gauging the Market Day by Day..month by month...with No Bias..

Its always good to trade by What you see...Not what you Believe...

the Only thing you can do besides analyzing the charts...is Have a Game Plan...and Money Management with Discipline...to be successful in this Game

  • #220,666
  • Apr 13, 2010 12:23am Apr 13, 2010 12:23am
Quoting PandoraBox
What the hell you talking about....GJ drop to 109...show your weekly chart ...let us analyse your weekly chart before you can talk about 109.
Guess these #s are based on FIB calculations... 1.38% 1.61%..200%
Markets are not Random, they are designed!
  • #220,667
  • Apr 13, 2010 12:26am Apr 13, 2010 12:26am
Quoting grashid
what you saw from your monthly chart mate....could you pls post your chart plz...142.30 as i mentioned as a critical area for me to long or to wait 142 to break for entering short...

otherwise...am still bull bias as am already took off in my bear last week at 141.50 & Sl@BE+10...

pls advice

g
Something really big is in the works atm. Greece non cash bailout details are still being wrangled over, VIX is at bear extremities, Wamu fraud report came out today, Credit report stating that JPM and C and WFC will need an additional $30b in reserve provisioning on HL writedowns and now the IMF expands it's crisis rescue facility by a whopping $500 billion!!!
  • #220,668
  • Apr 13, 2010 12:29am Apr 13, 2010 12:29am
Quoting Eulogy
Something really big is in the works atm. Greece non cash bailout details are still being wrangled over, VIX is at bear extremities, Wamu fraud report came out today, Credit report stating that JPM and C and WFC will need an additional $30b in reserve provisioning on HL writedowns and now the IMF expands it's crisis rescue facility by a whopping $500 billion!!!
And DOW has Gone to the Moon... So as S&P....

It needs to come back to Earth... or HELL...
Markets are not Random, they are designed!
  • #220,669
  • Apr 13, 2010 12:32am Apr 13, 2010 12:32am
Quoting Eulogy
Something really big is in the works atm. Greece non cash bailout details are still being wrangled over, VIX is at bear extremities, Wamu fraud report came out today, Credit report stating that JPM and C and WFC will need an additional $30b in reserve provisioning on HL writedowns and now the IMF expands it's crisis rescue facility by a whopping [b]$500 billion!!![/B]
wow... i cant imagine it....anyway thanks for some input mate...
  • #220,670
  • Apr 13, 2010 12:46am Apr 13, 2010 12:46am
http://cdn.forexfactory.com/attachme...1&d=1271122499
it may be the ABC - pattern, or the 4th wave
Attached Image
  • #220,671
  • Apr 13, 2010 1:07am Apr 13, 2010 1:07am
Quote
idonot need to prove anything..time will tell you can buy good luck...

funny fellow............but still i'm bearish a the moment.still holding some short from last week...144.XX & 143.XX. Agreed with GEPPY, coz we still have some business at 139.00 and after that....nobody know...have to wait....

p.s: are you still BULL G??let enjoy with the BEAR for a while....later we'll have the party with the BULL....
  • #220,672
  • Apr 13, 2010 1:20am Apr 13, 2010 1:20am
I could be wrong, but r/r is good I think.

Added more short @ 142.76 and will add more until 143.12.
  • #220,673
  • Apr 13, 2010 1:27am Apr 13, 2010 1:27am
143.20/40...
Quoting ukdaytrader
I could be wrong, but r/r is good I think.

Added more short @ 142.76 and will add more until 143.12.
Nihil Sine Deo.
  • #220,674
  • Apr 13, 2010 1:30am Apr 13, 2010 1:30am
Quoting Eulogy
Its unfortunate but playing the dunce is what BB has been doing lately. Every move away from expectations is classified as "an unexpected deviation" which is instantly papered over with a complete BS excuse. Every report that comes out remotely close to BB's guesstimate and they up and strut practically screaming , "Yea, I'm Good"
lol.. business as usual.. mate..
but you also can see some news on BBG as:



Quote
April 13 (Bloomberg) -- The yen rose, snapping three days
of losses versus the euro, on speculation demand for Greece’s
short-term debt will be weak at an auction today....

FEW big NEWS with very small HEADLINES passed last few days..

1. China shows the Highest TRADE negative Balance in years.. 7.2 to -7.1 - decline as 80% in first Q1
2. Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs
3. April 13 (Bloomberg) -- Greece’s $45 billion international
aid pledge designed to help it tackle its debt crisis has failed
to remove the likelihood of a credit downgrade, Moody’s
Investors Service said.

Was a very Messy Week.. lots of moves based on rumors.. let's see where we go..
  • #220,675
  • Apr 13, 2010 1:45am Apr 13, 2010 1:45am
Quoting Scrat
143.20/40...
retracement to 100 sma 15m chart?
Gold Expedition Return This Year: -16.4%
  • #220,676
  • Apr 13, 2010 1:45am Apr 13, 2010 1:45am
Long term view of GBP/JPY that I see at the moment is we are moving back into a bullish path for the next couple of years. We are at historical lows and at very low interest rates... As interest rates will start to increase for cable and not for the yen we will see that translated into a nice bull run... Monthly PA is reflecting this and my first major target will be the 170 area which would be nice to hit by the end of the year... Just some thoughts...
Traderdesk -
  • #220,677
  • Apr 13, 2010 1:56am Apr 13, 2010 1:56am
Quoting ukdaytrader
I could be wrong, but r/r is good I think.

Added more short @ 142.76 and will add more until 143.12.
what will be your SL?Above 144.11?or 143.60???in 1 hour its indicating that it will go up and then down but in H4 its indicating a buying trend..but i'll short it from top and will buy from bottom Selling is limited..what do you say??

Ub
  • #220,678
  • Apr 13, 2010 1:57am Apr 13, 2010 1:57am
Quoting Mr.Elliott
funny fellow............but still i'm bearish a the moment.still holding some short from last week...144.XX & 143.XX. Agreed with GEPPY, coz we still have some business at 139.00 and after that....nobody know...have to wait....

p.s: are you still BULL G??let enjoy with the BEAR for a while....later we'll have the party with the BULL....
offcasue matey...come 143.20/30 n see if i wanna hold or close it...

since mush target 86 or what so ever...mmm..let me target 177 first ..what do you think ?

g
  • #220,679
  • Apr 13, 2010 2:08am Apr 13, 2010 2:08am
It seems that Gbpjpy is still on this trend.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy weekly 2.gif Size: 28 KB
  • #220,680
  • Apr 13, 2010 2:09am Apr 13, 2010 2:09am
Quoting ubaidahsan
what will be your SL?Above 144.11?or 143.60???in 1 hour its indicating that it will go up and then down but in H4 its indicating a buying trend..but i'll short it from top and will buy from bottom Selling is limited..what do you say??

Ub
S/L is mental, somewhere above 143.4 depending on the PA.
My thinking is that we had a pretty big sell-off for Asia and this won't easily be reversed. 4hr doesn't look bullish to me, but i'll stay flexible.

Not sure what you mean by selling is limited? Does 137 sound limited to you? And if we break there convincingly, we may see huge drops. Check ES Daily out; upmove running on fumes. Once ES 'corrects' GY and the other Yen pairs will fall hard.

JMHO of course.
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