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

  • #221,361
  • Apr 16, 2010 7:41pm Apr 16, 2010 7:41pm
it's only friday evening, that is not reliable. check back sunday morning.

Quoting Cod
xe.com says we are already at 141.028. Dang that didn't take long, glad I didn't bale out on my shorts during that ending upsurge.

So it looks like not if but there will be a gap. Why is it a must that all gaps will be filled.

Seems like a lot lately also the filling of the gap seems to stunt the momentum it was carrying.

If there is a gap I think I will TP on everything, no sense in watching a gap get filled that will be filled by almost un-mutable law. Anyone remember a gap that never filled?
Nihil Sine Deo.
  • #221,362
  • Apr 16, 2010 8:44pm Apr 16, 2010 8:44pm
Quoting Scrat
it's only friday evening, that is not reliable. check back sunday morning.
Well it is a real price I think. Yes it could absolutely do anything over the weekend like go way back up.

Usually when I watch a pair on xe over the weekend whatever happened over the weekend just gets amplified in the early sunday trading that happens before most peoples platforms go live.

We shall see but I'd bet quite a few bits there will be gappage. Guess better to cross that bridge if it happens.

The whole gap thing kind of intrigues me though. It is like there is an entire bit of trading that we don't see on our charts that might effect our outlook were we able to see it.
  • #221,363
  • Apr 16, 2010 9:40pm Apr 16, 2010 9:40pm
of course it is real, no doubt about it.

i don't know for how long have you been watching this, but i can tell you from my past experience that weekend fluctuations are not relevant in most cases as they quickly reverse back to friday close (even if this happens sunday before market open). i've been taking notes on weekend activity for over 3+ years and recently i gave up on it because i could not find any way to speculate this for my profit.

if you only found this trick to be working recently, keep in mind that last two weeks had opening gaps. this is not normal...

Quoting Cod
Well it is a real price I think....
Nihil Sine Deo.
  • #221,364
  • Apr 16, 2010 10:10pm Apr 16, 2010 10:10pm
Quoting Scrat
of course it is real, no doubt about it.

i don't know for how long have you been watching this, but i can tell you from my past experience that weekend fluctuations are not relevant in most cases as they quickly reverse back to friday close (even if this happens sunday before market open). i've been taking notes on weekend activity for over 3+ years and recently i gave up on it because i could not find any way to speculate this for my profit.

if you only found this trick to be working recently, keep in mind that last two weeks had opening...

Here is what I was thinking. I think it was two weekends ago gj gapped about 40 pips but before the gap I know on easy-forex I can trade on Sunday three hours before I can on IBFX. During that time gj went up 80 pips higher than when it entered as a gap on IBFX and then got bought up in just a few minutes.

So I am thinking had my IBFX charts had the big 60 pip candle wick sticking out the top of it that week my view of the pa near the top toward a new high might have been different.

I agree though there isn't any real way to translate it into anything useful so probably best to just enjoy the weekend and deal with Sunday open in IBFX as it is then and not think about it.

Often though I do enjoy pondering things that are generally considered "not real important".

Oh well, have a good weekend scrat, talk to ya later on.
  • #221,365
  • Apr 17, 2010 7:11am Apr 17, 2010 7:11am
The problem with weekend prices is that there's little volume, so they can move a bit wildly on small trades.

As a medium term trader, looking for a shorter time period now I have more time on my hands, I'll also be looking at weekend trading prices. But, I'm still wary of leaving a position open.

I reckon if you've thought of the idea, about a 1000 others have also done the same...this is forex we all go through "original" ideas shared by everyone else
  • #221,366
  • Apr 17, 2010 8:52am Apr 17, 2010 8:52am
hello,how are you?thanx alot....
gbpjpy short target 132.177 this time...
and i put big order for long usdjpy 2 to 3million entry 91 target 101 stop 90.75 1st time i use stop inever use stop for gbpjpy.....
small long order for gbpjpy 132.177 target 139.333 to 143.577 stop open....
iwill short again gbpjpy long term around 139.333 to 143.577 target 115.633 to 103.777when again go up gbpjpy ithink gbpjpy will do double top after go downthis time...
any view is welcome.......
happy weekend to all.
best regards


Quoting Myrza
Anyway I like Mush better..I will give him a second chance..Mush if u are there..have a good weekend..You are right this time. This is kaboom
  • #221,367
  • Apr 17, 2010 9:07am Apr 17, 2010 9:07am
Quoting Jake Snake
The problem with weekend prices is that there's little volume, so they can move a bit wildly on small trades.

As a medium term trader, looking for a shorter time period now I have more time on my hands, I'll also be looking at weekend trading prices. But, I'm still wary of leaving a position open.

I reckon if you've thought of the idea, about a 1000 others have also done the same...this is forex we all go through "original" ideas shared by everyone else

True. Low volume action is another thing that interests me. I understand the idea that things that happen on low volume get less respect than high volume action but I also see many instances where the low volume moves still can change short term situation pretty well.

I am just thinking is the idea that the whales went to eat a sandwich or something and while they were gone some smaller cowboy pushes things around and what the cowboy did doesn't really matter? Because I am thinking the whales are always there and if there was any low volume move they didn't like they could do something about it if they wanted. I guess I am saying it looks to me like the whales don't really leave to eat a sandwich and even the low volume moves have a significance.

Anyway the few times I have left open over the weekend have worked out ok if I sell them off very soon on Monday. But I have heard horror stories too about people getting their positions sold way off from the sl also so that doesn't sound very good either.
  • #221,368
  • Apr 17, 2010 11:23am Apr 17, 2010 11:23am
[quote=fxnonpro;3647122]hello,how are you?thanx alot....
gbpjpy short target 132.177 this time...
and i put big order for long usdjpy 2 to 3million entry 91 target 101 stop 90.75 1st time i use stop inever use stop for gbpjpy.....
small long order for gbpjpy 132.177 target 139.333 to 143.577 stop open....
iwill short again gbpjpy long term around 139.333 to 143.577 target 115.633 to 103.777when again go up gbpjpy ithink gbpjpy will do double top after go downthis time...
any view is welcome.......
happy weekend to all.
best regards
please give reason for your call.i want to gain knowledge.thanx
Gold Expedition Return This Year: -16.4%
  • #221,369
  • Apr 17, 2010 12:02pm Apr 17, 2010 12:02pm
Quoting fxnonpro
hello,how are you?thanx alot....
gbpjpy short target 132.177 this time...
and i put big order for long usdjpy 2 to 3million entry 91 target 101 stop 90.75 1st time i use stop inever use stop for gbpjpy.....
small long order for gbpjpy 132.177 target 139.333 to 143.577 stop open....
iwill short again gbpjpy long term around 139.333 to 143.577 target 115.633 to 103.777when again go up gbpjpy ithink gbpjpy will do double top after go downthis time...
i agree with you, now i hd same view with you, but i won't trades for long GY to 139.333 - 143.577, i'm still holding position short GY until hit 139.83... at monday i will make short again at 142.50 for 2 lots..and i dont hv any view again after 139.83... what i'm thinking is sideways at 139.83 run up to 140.20 run down to 139.31.. thats all what i hv view for this week... please suggest.....
have a profit trading...
  • #221,370
  • Apr 17, 2010 1:14pm Apr 17, 2010 1:14pm
Quoting fxnonpro
hello,how are you?thanx alot....
gbpjpy short target 132.177 this time...
and i put big order for long usdjpy 2 to 3million entry 91 target 101 stop 90.75 1st time i use stop inever use stop for gbpjpy.....
small long order for gbpjpy 132.177 target 139.333 to 143.577 stop open....
iwill short again gbpjpy long term around 139.333 to 143.577 target 115.633 to 103.777when again go up gbpjpy ithink gbpjpy will do double top after go downthis time...
any view is welcome.......
happy weekend to all.
best regards
Doing okay..hope u learn your lesson Mush...less is more.
I will be trading "a step at a time" and will be watching JP index closely. Weekly GJ is still bullish to me. Woodies CCi weekly looks like a trend change and is looking more like "ghost trade " in the making and this means GJ can possibly make it higher...maybe 150?

I wouldnt be surprised if Gj drops down to 139.5 and retreat back to its current position making a doji...there is just to much fractal supports and fib confluence around that area. Keep an eye on the UTL of JP...it is the mirror image of GJ. No other yen pair is more highly correlated to JP index other than GJ.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 100 KB
  • #221,371
  • Apr 17, 2010 1:16pm Apr 17, 2010 1:16pm
Quoting Myrza
Doing okay..hope u learn your lesson Mush...less is more.
I will be trading "a step at a time" and will be watching JP index closely. Weekly GJ is still bullish to me. Woodies CCi weekly looks like a trend change and is looking more like "ghost trade " in the making and this means GJ can possibly make it higher...maybe 150?

I wouldnt be surprised if Gj drops down to 139.5 and retreat back to its current position making a doji...there is just to much fractal supports and fib confluence around that area. Keep an eye on the UTL of JP...it is...
View of GJ and Yen daily
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy_i_d3.png Size: 11 KB
Click to Enlarge Name: gbpjpy_d.png Size: 12 KB
  • #221,372
  • Apr 17, 2010 8:51pm Apr 17, 2010 8:51pm
well nice view....but i believe not more than 145 even another bounce....
idonot believe in 150....so only time will tell us...happy trade,best regards,





Quoting Myrza
Doing okay..hope u learn your lesson Mush...less is more.
I will be trading "a step at a time" and will be watching JP index closely. Weekly GJ is still bullish to me. Woodies CCi weekly looks like a trend change and is looking more like "ghost trade " in the making and this means GJ can possibly make it higher...maybe 150?

I wouldnt be surprised if Gj drops down to 139.5 and retreat back to its current position making a doji...there is just to much fractal supports and fib confluence around that area. Keep an eye on the UTL of JP...it is...
  • #221,373
  • Apr 17, 2010 8:58pm Apr 17, 2010 8:58pm
this is reason....ithink above 145 impossible...happy trade,best regards

From here it is difficult to establish a clear directional bias. Look for a close back above 145.00 to extend gains and potentially open additional upside towards 150.00, while a break back under 141.00 will suggest that an interim high has been carved out by 145.00 in favor of renewed weakness, potentially back towards the 2010 lows down by 132.40.


break of 134.53 support will revive the case that GBP/JPY has topped out at 163.05 and will turn outlook bearish again for 118.18
In the longer term picture, fall from 251.09 is treated as resumption of multi decade down trend. Note that the fall from 215.87 is not treated as the fifth wave, but the third wave inside the third wave that started at 241.35. Another long term decline is still expected after completion of the correction from 118.81.


[quote=budak baru;3647234]
Quoting fxnonpro
hello,how are you?thanx alot....
gbpjpy short target 132.177 this time...
and i put big order for long usdjpy 2 to 3million entry 91 target 101 stop 90.75 1st time i use stop inever use stop for gbpjpy.....
small long order for gbpjpy 132.177 target 139.333 to 143.577 stop open....
iwill short again gbpjpy long term around 139.333 to 143.577 target 115.633 to 103.777when again go up gbpjpy ithink gbpjpy will do double top after go downthis time...
any view is welcome.......
happy weekend to all.
best regards
please give reason...
  • #221,374
  • Apr 17, 2010 9:16pm Apr 17, 2010 9:16pm
i agree 138 to 141 very key support area...but remember gbpjpy did not face any resisitant lately when came to 145 from 132.... maybe this time donot face any support im keep saying watch situation like in uk election uk jobs problems greek portugal spain dubai etc if any problem came than no problem to drop 1000pips gj this can change very quick also watch nikkie nikkie is very key and important...ithink incase another rebound from 139 than limited by 145 to 143....also watch usdjpy and eurjpy again down than understand how yen is strong....happy trade.best regards




Quoting Myrza
Doing okay..hope u learn your lesson Mush...less is more.
I will be trading "a step at a time" and will be watching JP index closely. Weekly GJ is still bullish to me. Woodies CCi weekly looks like a trend change and is looking more like "ghost trade " in the making and this means GJ can possibly make it higher...maybe 150?

I wouldnt be surprised if Gj drops down to 139.5 and retreat back to its current position making a doji...there is just to much fractal supports and fib confluence around that area. Keep an eye on the UTL of JP...it is...
  • #221,375
  • Apr 18, 2010 8:39am Apr 18, 2010 8:39am
Similar setups (Feb 26, 2009 & April 2, 2010) ... so far similar results ... I think price will return to equilibrium (blue kijun sen line) and then resume the bullish breakout of April 2, 2010.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily-2-26-2009.jpg Size: 183 KB
Click to Enlarge Name: daily-3-16-2010.jpg Size: 167 KB
  • #221,376
  • Apr 18, 2010 8:50am Apr 18, 2010 8:50am
After thought ... The above Flat Top Cloud is longer today than the 02-26-09 cloud, so another bounce may happen to bring the kijun sen higher before resuming the bullish breakout.
  • #221,377
  • Apr 18, 2010 10:38am Apr 18, 2010 10:38am
Quoting Piters
yes bro..

few months ago.. you have good memory.. as this is the ONLY way to "cover" the dirty shirts... just collapse one company and keep business as usual..

JPM are the MAIN players.. they OWN treasury since 19th century.. read some history on JPM.. and you'll figure the rest..
And funny thing how many ppl do not know who stays behind these bastards
ofc wasnt JP Morgan himself....

but it would be conspiracy theory right
after all who cares about "sheeples".
  • #221,378
  • Apr 18, 2010 10:51am Apr 18, 2010 10:51am
Is there a GBPJPY thread where the same people don't keep using alternate aliases?
Time flies like an arrow; fruit flies like a banana.
  • #221,379
  • Apr 18, 2010 3:01pm Apr 18, 2010 3:01pm
Quoting Bwana
Is there a GBPJPY thread where the same people don't keep using alternate aliases?
Ive heard of reasons this thread sucks some times but can you please tell me how you know this because I can only think of 3 viable reasons. 1) You work in the IT Department of FF 2) You Hacked into the FF Servers or 3) You are the Great Bwana Master Psycic!


Is this ForexLion trying to trick everyone?
  • #221,380
  • Edited 3:32pm Apr 18, 2010 3:17pm | Edited 3:32pm
http://www.forexfactory.com/showpost...stcount=220778

i just continue with my call from my last post and i just try to explain why i see 120.00 level

monthly: from november 2009 gj is in an CONFIRMED TREND @149.20 now with SL 162 AND TP 120
weekly: from april,2 gj have an UNCONFIRMED CALL @138.90 WITH SL 132.50 AND TP 151 ( confirmation will be when sma4 will go over sma18 on the weekly chart )
but, if gj will not confirm this bullish call, then will give us a new confirmed bearish call ( this will happen if the next friday's close will be under 139.20 level - where sma9 stays now )

like everybody see, on daily chart gj is strongly bearish and this is the reason why i see gj go at least to 138.50-139.00 area this week that starts..

so, 'cause daily is strongly bearish, it is very possible to see gj under 139 level after this week's end and this close will give us the new CONFIRMED WEEKLY CALL @139.00 with SL 142.00 & TP1 132.00 and TP2 120.00 (THIS WEEKLY BEARISH CALL ONLY CONFIRMS THAT IN THE NEXT 2-3 MONTHS WILL SEE THE 120 LEVEL and my confirmed monthly call will became reality)

if 120.00 will be broken i still don't know, but if it will be broken on the monthly chart then the new age of gj under 120 level will start... but only if )

trade safe and with the flow to 120.00 level

out of topic, i just hope i'll not see people like that mush on this thread..

also, for the next 3 months i see GU in confirmed call @ 1.5580 SL 1.59 and TP 1.35 // also, out of topic, for the next 3 months i see EU in confirmed call @ 1.3780 SL 1.4180 and TP 1.25
LOL
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