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

  • #220,681
  • Apr 13, 2010 2:18am Apr 13, 2010 2:18am
http://cdn.forexfactory.com/attachme...1&d=1271122499
Attached Image
  • #220,682
  • Apr 13, 2010 2:19am Apr 13, 2010 2:19am
Quoting ukdaytrader
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.
in the meantime is this BOJ intervention v4.0?
  • #220,683
  • Apr 13, 2010 2:22am Apr 13, 2010 2:22am
Looks like someone is pushing the UJ back up.....I wonder who?
Traderdesk -
  • #220,684
  • Apr 13, 2010 2:25am Apr 13, 2010 2:25am
Quote
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 http://cdn.forexfactory.com/images/s..._the_floor.gifhttp://cdn.forexfactory.com/images/s..._the_floor.gif..what do you think ?

g

good... i'm still waiting for my 139.00 and usually i'm always wrong... but we'll see...i'm not married yet to the position...but until then...adding some small short....happy trading and green pips for everybody....
  • #220,685
  • Apr 13, 2010 2:32am Apr 13, 2010 2:32am
Quoting Eulogy
in the meantime is this BOJ intervention v4.0?
I dunno.
Bit odd that anyone would want to actively intervene at a time when volumes will typically be much higher.

The 1hr TF had some bullish divergence which has now played out.

I smell BS, but will cut if I need to.
  • #220,686
  • Apr 13, 2010 2:33am Apr 13, 2010 2:33am
Quoting Eulogy
in the meantime is this BOJ intervention v4.0?
Well it hit the wires a few moments ago that Japans ruling party needs drastic monetary easing to fight deflation and wants to see 120 UJ levels....
Traderdesk -
  • #220,687
  • Apr 13, 2010 2:43am Apr 13, 2010 2:43am
Quoting ukdaytrader
I dunno.
Bit odd that anyone would want to actively intervene at a time when volumes will typically be much higher.

The 1hr TF had some bullish divergence which has now played out.

I smell BS, but will cut if I need to.
Not really, the move happened after volume in the market was slashed. Nikkei, SSE, Topix, HSI all closed within 1 hour of each other right before the move. ASX closed off 1 hour earlier and immediately (literally 30 seconds) after the adjusted price came out GJ broke the minor resistance at 142.70.
  • #220,688
  • Apr 13, 2010 2:47am Apr 13, 2010 2:47am
There was a clear inverse h&s on the 15 min time frame on U/J but it surely do not justify such a quick move...
  • #220,689
  • Apr 13, 2010 2:49am Apr 13, 2010 2:49am
did anyone say volumes?

Quoting Eulogy
Not really, the move happened after volume in the market was slashed. Nikkei, SSE, Topix, HSI all closed within 1 hour of each other right before the move. ASX closed off 1 hour earlier and immediately (literally 30 seconds) after the adjusted price came out GJ broke the minor resistance at 142.70.
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_vol.gif Size: 22 KB
Nihil Sine Deo.
  • #220,690
  • Apr 13, 2010 2:53am Apr 13, 2010 2:53am
Quoting Scrat
did anyone say volumes?
LOL called

no, when i say volume and refer to stock exchanges i mean traded equity volumes. OK, i'm off from work and going to celebrate me B'day with a big bottle of Chivas Regal
  • #220,691
  • Apr 13, 2010 2:55am Apr 13, 2010 2:55am
Quoting Scrat
did anyone say volumes?
NIce chart scrat. Now 143.45 there is a critical point. Going up will meet 144 again, going down may play for 141...All move is 100pips to play now.
I bias 141 there.
  • #220,692
  • Apr 13, 2010 2:56am Apr 13, 2010 2:56am
143.56, that should be last bear resort.

Quoting special0nefx
NIce chart scrat. Now 143.45 there is a critical point. Going up will meet 144 again, going down may play for 141...All move is 100pips to play now.
I bias 141 there.
Nihil Sine Deo.
  • #220,693
  • Apr 13, 2010 2:58am Apr 13, 2010 2:58am
am thinking of shorting GJ seems like there is a barrier on the upside, a resistance I think
The market will deceive you. Make your own judgement.
  • #220,694
  • Edited 3:36am Apr 13, 2010 3:00am | Edited 3:36am
http://cdn.forexfactory.com/attachme...1&d=1271122499
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  • #220,695
  • Apr 13, 2010 3:01am Apr 13, 2010 3:01am
Quoting Scrat
143.56, that should be last bear resort.
thank you,Scart, my chart here point out my last [email protected] there.
The bear need break 143 again to give momentum to test 141 there.
Wish you green pips also. GL
  • #220,696
  • Apr 13, 2010 3:23am Apr 13, 2010 3:23am
Quoting Mr.Elliott
good... i'm still waiting for my 139.00 and usually i'm always wrong... but we'll see...i'm not married yet to the position...but until then...adding some small short....happy trading and green pips for everybody....
..easy 100pips right..ok catch u later tonight..going for smoking...
  • #220,697
  • Apr 13, 2010 3:24am Apr 13, 2010 3:24am
perhaps semething like this can play out
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  • #220,698
  • Apr 13, 2010 3:25am Apr 13, 2010 3:25am
I am no pro... But it looks like it is trying to break down past 143 support.
Also, anyone know of a good source of good reliable economic news that is for specific currencies?

Thanks everyone...
Luck has no place in trading. Leave that for the poker table.
  • #220,699
  • Apr 13, 2010 3:29am Apr 13, 2010 3:29am
Quoting lexazver
perhaps semething like this can play out
Is that a boobs mountain?
  • #220,700
  • Apr 13, 2010 3:31am Apr 13, 2010 3:31am
Blah, blah, blah. News out of Japan wants a weaker Yen etc etc. Anyone bored of their shit now. Been hearing this crap ever since I started trading and it's getting very tired.

No wonder failed FX traders think the whole game is bent.

Rhetoric + no action = no long term benefit.

If Japan wants a weaker Yen, they should do something about it rather than leak rumours and soundbites. If they don't do anything, we'll see 142 again soon enough.
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