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

  • #221,741
  • Apr 21, 2010 12:49am Apr 21, 2010 12:49am
Quoting Eulogy
yeah that greek bailout/bankruptcy/just explode already disaster gets worse everyday. Frankly i think 8% is too low. It should be priced like one of those delinquent CDOs bound to return about <30c on the dollar
LOL... TRUE... but from what I see.. Greece is a small baby when you compare with Spain.. - in short term.. EURO going to 1.30 by august as things are playing now..

BTW>. re.. Japan auction.. here is some useful link:

Japan ministry of finance: http://www.mof.go.jp/english/index.htm

21/04/2010 auction results = http://www.mof.go.jp/english/bonds/e...ul20100421.htm

p
  • #221,742
  • Apr 21, 2010 1:00am Apr 21, 2010 1:00am
Quoting kourtney
money in the pocket is better than money floating in an open position and i think if the GBP has good results

we have 4 indicators where i think 4 will be good so we can see the pair on a spike...there u can just wait to see the highest top and sell or buy and then sell but thats risky stuff...

cheers amigos
true but im not a risk taker.... hahaha

see this chart...
5 mins resistance?
http://www.forexfactory.com/attachme...1&d=1271836828
Attached Image (click to enlarge)
Click to Enlarge Name: 5 mins resistance.JPG Size: 50 KB
row row row your boat
  • #221,743
  • Apr 21, 2010 1:14am Apr 21, 2010 1:14am
ilike to hear your view?ilike youtoo...best regards


Quoting Myrza
.80 ...that was a real shake out...stirring a bit now
  • #221,744
  • Apr 21, 2010 1:21am Apr 21, 2010 1:21am
Quoting Traderdesk
Another potential scalp is 143.31 buy TP 143.65....
Closed out at BE until after the news......
Traderdesk -
  • #221,745
  • Edited 1:48am Apr 21, 2010 1:28am | Edited 1:48am
Getting interesting...Option expiry this Friday...Expecting Fire works This Time...

Price just Bounced from 1 HR//14WMA.. and is still Above..

If below 142.12..(Kijun- sen...1 Hr) Then I will consider this Bearish... IMO..

There is Still Bullish HD..on Charts...

If it goes UP..First TARGET 146.60- 147.15...AND 143.85 WILL BE RESISTENCE..
Markets are not Random, they are designed!
  • #221,746
  • Apr 21, 2010 1:30am Apr 21, 2010 1:30am
I dont care whether its up or down until it hit my resistance (144.13) or support (142.60)....

have a nice day guys...

Ler
row row row your boat
  • #221,747
  • Apr 21, 2010 1:41am Apr 21, 2010 1:41am
is the gbp/Jpy in a similar broadening wedge as the aud/jpy ?

so far higher highs and lower lows on 4 hour chart ,and that tell me we are most likely in the same pattern as the aud/jpy ..

so for the bears ,we might have an final leg down to the bottom of the triangle and that would bring us right to 138 ,the same low as the left shoulder of the H&S pattern ..

we are right at the middle/bottom of the broadening triangle and a move to the upper TL of the triangle is possible and then the final leg down ,and from there on bulls confirm and 151 and above is in sight

so if you are on the sideline , a wait is a better option right now to wait for a test of the upper TL of the triangle and then short and reverse at the bottom of the triangle for longs for 151 and above ..

we only have 2 legs down in this broadening triangle and 3 rd one is highly possible ,but then again we can go all the way to 145- 145/30 before a reverse to the bottom of the triangle for the last and final leg down only if we reverse and a breakout is also possible ..

here is a example of a broadening triangle -continueation pattern http://thepatternsite.com/broadb.html
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy broadening triangle.jpg Size: 110 KB
  • #221,748
  • Apr 21, 2010 1:42am Apr 21, 2010 1:42am
Quoting ngiler
I dont care whether its up or down until it hit my resistance (144.13) or support (142.60)....

have a nice day guys...

Ler
what will happen from there ....I think you will care after that???

Whats Happening UKTRADER???
Markets are not Random, they are designed!
  • #221,749
  • Apr 21, 2010 1:44am Apr 21, 2010 1:44am
Quoting Raza
Getting interesting...Option expiry this Friday...Expecting Fire works This Time...

Price just Bounced from 1 HR//14WMA.. and is still Above..

If below 142.12..(Kijun- sen...1 Hr) Then I will consider this Bearish... IMO..

There is Still Bullish HD..on Charts...

If it goes UP..First TARGET 146.60...AND 143.85 WILL BE RESISTENCE..
still there is a down trend channel on daily with 144.2 top and if 144.5 is broken then geppy might reach 146 or higher JMHO
  • #221,750
  • Apr 21, 2010 1:50am Apr 21, 2010 1:50am
raza brother,nice ur making 2ways calls....still believe go down from here to 137 to 124................
1st target 137.........................................................
good luck.....................regards

Quoting Raza
Getting interesting...Option expiry this Friday...Expecting Fire works This Time...

Price just Bounced from 1 HR//14WMA.. and is still Above..

If below 142.12..(Kijun- sen...1 Hr) Then I will consider this Bearish... IMO..

There is Still Bullish HD..on Charts...

If it goes UP..First TARGET 146.60- 147.15...AND 143.85 WILL BE RESISTENCE..
  • #221,751
  • Apr 21, 2010 1:51am Apr 21, 2010 1:51am
here is the aud with 3 legs down to the bottom of the triangle ,,
Attached Image (click to enlarge)
Click to Enlarge Name: 1277.jpg Size: 85 KB
  • #221,752
  • Apr 21, 2010 1:59am Apr 21, 2010 1:59am
Quoting rjtraders
raza brother,nice ur making 2ways calls....still believe go down from here to 137 to 124................
1st target 137.........................................................
good luck.....................regards
Always good to have "IF THEN ELSE"...scenario...
Markets are not Random, they are designed!
  • #221,753
  • Apr 21, 2010 2:01am Apr 21, 2010 2:01am
yeah agree...but some times no good...ilike you...and always good luck..

Quoting Raza
Always good to have "IF THEN ELSE"...scenario...
  • #221,754
  • Apr 21, 2010 2:11am Apr 21, 2010 2:11am
http://www.forexfactory.com/showthre...20#post3652920

Now...Now is Interesting....

Analysis...Vs ....Divergence..

I am shorting it....Even Though...Weekly is Bullish...

It is a Hedge since already in Profit of 1100 pips... Manage your risk%...
Markets are not Random, they are designed!
  • #221,755
  • Apr 21, 2010 2:12am Apr 21, 2010 2:12am
weekly R1 is sitting at 144.11...might get there 1st b4 going down..
my 2cent..
  • #221,756
  • Apr 21, 2010 2:18am Apr 21, 2010 2:18am
Quoting Raza
http://www.forexfactory.com/showthre...20#post3652920

Now...Now is Interesting....

Analysis...Vs ....Divergence..

I am shorting it....Even Though...Weekly is Bullish...
Chart is very bullish, but divergence still seen at H1. Really interesting. But trend is more powerful now
  • #221,757
  • Apr 21, 2010 2:23am Apr 21, 2010 2:23am
Quoting special0nefx
Chart is very bullish, but divergence still seen at H1. Really interesting. But trend is more powerful now
Looking at Weekly Candle ..it seems it will shoot to 50 ema..at 147.15..also Fib Resistence..

and if that goes straight to 149 ish..for another Range..

But 145 first...
Markets are not Random, they are designed!
  • #221,758
  • Apr 21, 2010 2:25am Apr 21, 2010 2:25am
.... am still here. Been scalping some longs in a sub account even though I don't fully believe in them. Still have my shorts open and have just added another small position @ 143.95.

My own observation is that the upmove needs to consolidate before we are in bulls territory, but staying flexible....

The trick, (took a long time to learn), is to not be over leveraged.
  • #221,759
  • Apr 21, 2010 2:27am Apr 21, 2010 2:27am
Hello Scrat, I have been studying your analysis and I want to be sure of the close we need to break that support, is it the daily candle 4 hour candle or the 1 hour candle of those supports? I will be looking out for your answer. Thanks scrat
Quoting Scrat
here is what i think about current situation on g-j. i always start from highest timeframe, where i look for direction, and then i go down from there for confirmation.

1. monthly:
- february close = 135.53. this last major support
- march close = 141.87. this is last minor support.
now we look for confirmation/infirmation on weekly chart.

2. weekly:
- last weekly close = 141.55, LOWER than march close. this means that bears set a foot on bulls territory, even if just for retracement. next, we look for two things:
a. where we don't believe anymore...
  • #221,760
  • Apr 21, 2010 2:27am Apr 21, 2010 2:27am
correction to 151 fibonacci 61.8 n aabove 100 sma daily chart
just thought
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