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

  • #220,781
  • Apr 13, 2010 6:58pm Apr 13, 2010 6:58pm
here is another 2 jpy crosses charts .i set up a while ago and both reach their targets and that backed the bearish view for all pairs and a drop is most likey in the next couple of days !

eur/jpy and nzd/jpy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy h&s target.jpg Size: 90 KB
Click to Enlarge Name: nzdjpy wedge h&s.jpg Size: 93 KB
  • #220,782
  • Edited 8:03pm Apr 13, 2010 7:51pm | Edited 8:03pm
Quoting fullhouse
here is another 2 jpy crosses charts .i set up a while ago and both reach their targets and that backed the bearish view for all pairs and a drop is most likey in the next couple of days !

eur/jpy and nzd/jpy
Welcome back Mr Crazy Head and Shoulder 786 Horse...
Markets are not Random, they are designed!
  • #220,783
  • Apr 13, 2010 8:00pm Apr 13, 2010 8:00pm
Quoting fullhouse
here is another 2 jpy crosses charts .i set up a while ago and both reach their targets and that backed the bearish view for all pairs and a drop is most likey in the next couple of days !

eur/jpy and nzd/jpy
check out my blog: forexmademillionaire dot com
  • #220,784
  • Apr 13, 2010 8:13pm Apr 13, 2010 8:13pm
is this NOT some Buying Volume?..???

143.78 may not Hold SCRAT..... But that does not mean it is gonna get Bullish..

Double Top could also be Possible...

Fellas I must say I have scalped the Sh*** out of this Range past few days...
Attached Image (click to enlarge)
Click to Enlarge Name: Volume.jpg Size: 137 KB
Markets are not Random, they are designed!
  • #220,785
  • Apr 13, 2010 8:19pm Apr 13, 2010 8:19pm
So far price has respected the Daily 150 MVA. If it does so again, a double top will be in place.
  • #220,786
  • Apr 13, 2010 9:07pm Apr 13, 2010 9:07pm
trading would be a breeeeze if history can repeat itself everytime like this pair... check how spot on is it on every leg up and down . we need now a leg down to 135.74 and then all the way up to 151.50 ..



ok if you wanna play the wedge up and down ,,then i will sell now ,all the way to 141.70,then reverse to buy all the way back up to 143.90/95 ..then back down again to 78.6 ...

im closing most of my position down under at 141.70 and load more back up at 143.90 again ... and so on until we will break out by end of next week to 135/136...

enjoy this long consilidation mode ... its still a long way , enough time to build up the possition for a sudden drop later next week

only if we are in a wedge ,otherwise ill cut my losses at 144.50/145 and see whats next !..
Attached Image (click to enlarge)
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  • #220,787
  • Apr 13, 2010 10:32pm Apr 13, 2010 10:32pm
I think 143.78 should hold too, we are exactly where we were last wednesday before the move down to140.9, the last 3 h1 candles look exactly the same, but lets see how this next one plays out.


Quoting Raza
is this NOT some Buying Volume?..???

143.78 may not Hold SCRAT..... But that does not mean it is gonna get Bullish..

Double Top could also be Possible...

Fellas I must say I have scalped the Sh*** out of this Range past few days...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 149 KB
  • #220,788
  • Apr 13, 2010 10:43pm Apr 13, 2010 10:43pm
raza brother,ithink next target 130 to 124 not gona repeat history 151 etc..........happy trade,best regards

Quoting Raza
is this NOT some Buying Volume?..???

143.78 may not Hold SCRAT..... But that does not mean it is gonna get Bullish..

Double Top could also be Possible...

Fellas I must say I have scalped the Sh*** out of this Range past few days...
  • #220,789
  • Apr 13, 2010 11:33pm Apr 13, 2010 11:33pm
Quoting Mush
raza brother,ithink next target 130 to 124 not gona repeat history 151 etc..........happy trade,best regards
Possible..

But I still have Hope...

Lets see..

Option Expiry coming UP...
Markets are not Random, they are designed!
  • #220,790
  • Edited Apr 14, 2010 12:13am Apr 13, 2010 11:35pm | Edited Apr 14, 2010 12:13am
Quoting just_ha
I think 143.78 should hold too, we are exactly where we were last wednesday before the move down to140.9, the last 3 h1 candles look exactly the same, but lets see how this next one plays out.
Yes it looks the same..

Nice Observation.... But the results could be different... lets C..

We may just range here till Option expiry Friday or End of the Month..

Making a Tripple ZZ..... right now in Double Correction.... Begining of next month..some BS news is all we need to launch this

Rocket..Election may be the Driver...I dont know fundamentals much...

Where are other Senior Members... I dont wanna be the only Poster here..

Comments Please...

I hate arguments..whenever there is Correction...there are arguments... Bull...Bear..

Trade your charts...
Markets are not Random, they are designed!
  • #220,791
  • Apr 14, 2010 12:15am Apr 14, 2010 12:15am
Quoting Raza
Yes it looks the same..

Nice Observation.... But the results could be different... lets C..

We may just range here till Option expiry Friday or End of the Month..

Making a Tripple ZZ..... right now in Double Correction.... Begining of next month..some BS news is all we need to launch this

Rocket..Election may be the Driver...I dont know fundamentals much...

Where are other Senior Members... I dont wanna be the only Poster here..

Comments Please...

I hate arguments..whenever there is Correction...there are arguments... Bull...Bear.....
Hi Raza,

my chart (8HR) has just generated a buy signal over 143.80 region - looks like we may be in for a small bull run quite soon.

i would post my chart but i'm not sure how to !
  • #220,792
  • Apr 14, 2010 12:18am Apr 14, 2010 12:18am
Quoting hombremalo
Hi Raza,

my chart (8HR) has just generated a buy signal over 143.80 region - looks like we may be in for a small bull run quite soon.

i would post my chart but i'm not sure how to !
We may see a Doublt top...and then Double Bottom at 140.50...Then UP..... ( Bull Flag...1 - 4 HR chart)....W.... SHAPE

to a New High...probably next month...
Markets are not Random, they are designed!
  • #220,793
  • Apr 14, 2010 12:28am Apr 14, 2010 12:28am
I'm still bearish in the long term for this pair - - i think with the elections in the UK (i'm English living in NZ) and all the crap over there that my friends say is happening, the pounds is ripe for a long term bear - also the GU as well.
but, yes i like your scenario in the short term.
  • #220,794
  • Edited 12:41am Apr 14, 2010 12:29am | Edited 12:41am
agreed, I need to see price head back down to DPP and close below H1 gans before considering to sell, at the moment bulls look like they want to retest 144.5

Quoting Raza
Yes it looks the same..

Nice Observation.... But the results could be different... lets C..

We may just range here till Option expiry Friday or End of the Month..

Making a Tripple ZZ..... right now in Double Correction.... Begining of next month..some BS news is all we need to launch this

Rocket..Election may be the Driver...I dont know fundamentals much...

Where are other Senior Members... I dont wanna be the only Poster here..

Comments Please...

I hate arguments..whenever there is Correction...there are arguments... Bull...Bear.....
  • #220,795
  • Apr 14, 2010 12:41am Apr 14, 2010 12:41am
I deeply respect your analysis!!
Thank you so much for your efforts
  • #220,796
  • Apr 14, 2010 1:00am Apr 14, 2010 1:00am
Quoting FX Beginner
I deeply respect your analysis!!
Thank you so much for your efforts
LOL another Gucc alias praising himself... classic!
check out my blog: forexmademillionaire dot com
  • #220,797
  • Apr 14, 2010 1:05am Apr 14, 2010 1:05am
Quoting Geppy
LOL another Gucc alias praising himself... classic!
LOL how are you so sure he giving compliment to himself
Read the entire market, money is made on the main trend not the fluctuation
  • #220,798
  • Apr 14, 2010 1:16am Apr 14, 2010 1:16am
Current PA certainly looks bullish. Given the current time of day (proximity to FTSE opening), we're most likely going the 50 pips to (re)test 144.5, and given the overall positive immediate short-term sentiment & pre-FTSE opening, a customary 100 pip GJ ride to 145 would not surprise me.

Once/if it gets there, I will be in awe, as I regard it a major (manipulative) accomplishment, opening the door to the lofty days of 148, a mere 300 pips away. Equally aweing will be the 1300+ pips from 131. It's silly, unjustified, BS'ish, but that's where they want to drive it, to screw over every last short.

Am still expecting a lower low than 140.9, by no more than 90/100 pips; any real and lower lows look to be waiting on coordinated correcting of equity markets and UJ IMHO. Am seeing a triangle wedge, but the chances are there for it to pop up, at least as much as it's possible for it to drop. (See my previous post for the longer list of BS bullishness that we're being smeared with)
Attached Image (click to enlarge)
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  • #220,799
  • Apr 14, 2010 1:19am Apr 14, 2010 1:19am
so i see everyone is bearish in the short term. no problem with that BUT...

- price can't make lower lows and every time it goes to support it bounces
- first weekly close in april was 143.78 and above march close - 141.87
- march monthly close 141.87 was tested and price went back up

Nihil Sine Deo.
  • #220,800
  • Apr 14, 2010 1:31am Apr 14, 2010 1:31am
Today looks bullish. Let's go with the flow.

A retest of 145 looks very likely atm.

All shorts will be fully hedged if we break 145.
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