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

  • #222,201
  • Apr 22, 2010 6:12pm Apr 22, 2010 6:12pm
Quoting jckm
chart with target 124,80 in eur/jpy

Ya, I am going to join you on that one. GJ is just weird lately.
  • #222,202
  • Apr 22, 2010 6:30pm Apr 22, 2010 6:30pm
draw a channel on the gj weekly and see where that puts us
by Thich Nhat Hanh "Smile, breathe and go slowly."
  • #222,203
  • Apr 22, 2010 8:18pm Apr 22, 2010 8:18pm
I'm SAD (Single Available and Desperado).... Gbp/Jpy just broke up with me.... hahaha.... bored looking at the chart.... its like tat rom wed. have no idea where it will go to...
row row row your boat
  • #222,204
  • Apr 22, 2010 9:14pm Apr 22, 2010 9:14pm
here is a chart for a better idea of where are volume-based s/r levels. i only left monthly (light green) and weekly (red) vwaps on, because anything that is below daily looks choppy.

price is above monthly vwap and this is bullish medium/long term until we get a weekly close below. at this moment, this means that only a weekly close below 141.65 will turn bias bearish again. any other dip should be treated as a correction and BOUGHT.

but price is also above weekly vwap, and this is bullish short/medium term until we get a daily close below - and even if this happens, there should be monthly vwap below.

long story short: don't hold your breath with shorts. volumes say this setting is still looking bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: mn-wk.gif Size: 21 KB
Nihil Sine Deo.
  • #222,205
  • Apr 22, 2010 9:29pm Apr 22, 2010 9:29pm
Good morning.... Looking at my charts I still see the daily charts inching in a bearish PA... Also I see some short selling at around the 144 levels the last several times...8 hour charts are still bearish and 4 hour charts are one step ahead in the bearish bias...

Market is a scalpers dream at the moment but it will take direction I think today and probably with the London open with some funds jumping the gun before open...

I am seeing at the moment the possibility of a touch on the LTL on the weekly and I am hoping a push below for another 300-600 pips if LTL broken but....

I have set my positions and will not open my monitors or platform until Monday morning.... Promise ..... That also means no FF browsing...

Have a great weekend everyone....
Traderdesk -
  • #222,206
  • Apr 22, 2010 9:52pm Apr 22, 2010 9:52pm
Quoting jckm
chart with target 124,80 in eur/jpy
numbers out:
Japan All Industry Activity Index (MoM) (Feb)

Actual: -2.3%Cons.: 1.3%

buy eur/jpy 123,68 - target to test 124,30-124,60
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #222,207
  • Apr 22, 2010 9:58pm Apr 22, 2010 9:58pm
Quoting jckm
numbers out:
Japan All Industry Activity Index (MoM) (Feb)

Actual: -2.3%Cons.: 1.3%

buy eur/jpy 123,68 - target to test 124,30-124,60
why?
  • #222,208
  • Apr 22, 2010 10:06pm Apr 22, 2010 10:06pm
updated chart with target 124,35-40 in eur/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy7.jpg Size: 123 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #222,209
  • Apr 22, 2010 10:10pm Apr 22, 2010 10:10pm
Quoting iksh
Hi Queece.

I am as much surprised by todays PA as anyone else is.

 

  1. Greece's yeilds widened to record levels 573 bps
  2. Moody's downgraded greece AGAIN today
  3. Poor UK numbers yesterday and today
  4. Poor US unemployment numbers
  5. Poor earnings from cococola, pepsi, verizon,ebay today

In spite of all this DOW rallied into positive territory from being down -100.

Do you remember the capitulation dive from 126 to 118 on GBPYEN . UJ was fiercely defended at level of 90 due to huge payout for option expiry for 3-4 days. It was speculated...

Mind if I ask where you saw this information? I cannot find any info on any option expiry today.
  • #222,210
  • Apr 22, 2010 10:19pm Apr 22, 2010 10:19pm
Quoting Geppy
Gucc, try drawing this differently. I won't redraw it but if you take the lower trend line from the bottom and draw an up trend channel you could see a bear flag... the most recent move up would be a retest of the bottom trend line channel as resistance which would set us up for the next leg down.

Just a different view.
aah ha ....i see wht you mean,and we had a daily close below 124,,add a bit more weight on a bearish setup
  • #222,211
  • Apr 22, 2010 10:34pm Apr 22, 2010 10:34pm
GUYS ANY OF YOU KNOWS HOW TO PROGRAM EXPERT ADVISORS FOR METATRADER?

I need some help just need an alarm that can activate when a currency pair is moving fast for example 35 pips or more in a single minute...

no need to make buy and sell orders or complicated stuff just need the alarm that will sound like crazy when the pair spikes up or dips down...

anybody with programing skills that could teach me a bit?
  • #222,212
  • Apr 22, 2010 10:39pm Apr 22, 2010 10:39pm
Check Shanghai Composite Index weekly chart for bigger picture.

Next week might be crucial for equities based on candlesticks.
  • #222,213
  • Apr 22, 2010 10:47pm Apr 22, 2010 10:47pm
Quoting 5ysfx
Check Shanghai Composite Index weekly chart for bigger picture.

Next week might be crucial for equities based on candlesticks.
you mean the downside piercing of the symmetrical triangle?
  • #222,214
  • Apr 22, 2010 10:48pm Apr 22, 2010 10:48pm
Quoting Geppy
Great post! My only qualm is that we were trading below 93.00 I believe yesterday. Now, I'm no options expert but once a barrier is broken options can be exercised, correct? Are you assuming we didn't trade enough below 93.00 for anyone to exercise yet?
There are differnt types.

You can have a no touch option where as long as the price doesnt touch the specific number, you get paid out.

The other one is that as long as price stays above the certain number at specific time , u get paid.

The one i am talking about expiry today at NY open/london close is the second type. the same also had a huge payout yesterday at NY open. so if u see the charts, yes, uj did drop down below 93 but it regained 93 handle by NY open i.e 1400 GMT. hence the payout was made.

Thats why i think that though UJ dropped sub 93.00, it was artificially inflated just before NY open to make the cut.UJ was bought on any dip to keep it above 93.00 and thus manipulated.

Just to illustrate what i am trying to say, please go back to post 154387 and read the comments on that page. it might provide a bit more insight on what i am trying to say.

Again , all of this might just be a speculation but i have seen this happen and thats why my thinking on those lines.

http://www.forexfactory.com/showthre...sh#post2483597

And this is what i had posted then on Jan 21, 2009

Quote:
Originally Posted by gillybabe http://cdn.forexfactory.com/images/buttons/viewpost.gif
Right I can see that now but what happened with the Yen - there is no announcement at this time of day scheduled.

There was a large USDYEN expiry for 90.00 for 1000 EST . so the price hung on to 90.00 till then and as soon as the option rolled over there was huge sell of UJ. it is nothing related to news announcement. the payoff was around 5 billion,i hear, at the expiry.

Again , all of this might just be a speculation but i have seen this happen and thats why my thinking on those lines.

Iksh
  • #222,215
  • Apr 22, 2010 10:57pm Apr 22, 2010 10:57pm
Quoting Eulogy
you mean the downside piercing of the symmetrical triangle?
more or less yes

picture should be clear enough

but always is the... but

high probability trade imho
Attached Image (click to enlarge)
Click to Enlarge Name: shanghai_w.png Size: 14 KB
  • #222,216
  • Apr 22, 2010 11:06pm Apr 22, 2010 11:06pm
now that the NK and ASX are closed watch this sucker rally just like yesterday, and the day before, and.....
  • #222,217
  • Apr 22, 2010 11:28pm Apr 22, 2010 11:28pm
a simple chart it may be "3 or c" & "4 or 1".
Attached Image
  • #222,218
  • Apr 22, 2010 11:33pm Apr 22, 2010 11:33pm
Quoting Eulogy
now that the NK and ASX are closed watch this sucker rally just like yesterday, and the day before, and.....
naah.. lazzy bankers are on STRIKE..

NEW rules -> no Liquidity.. -> new game..

jk
  • #222,219
  • Apr 22, 2010 11:38pm Apr 22, 2010 11:38pm
where can we get that hidden gap volume?

Quoting Scrat
yes, something huge is going to happen soon and big boys had to clear play field.
check out this chart and compare what happened when price hit both upper and lower limit of range:
- upper limit, bounced down first on high volume; then now, we're there again BUT on low volume.
- lower, it was a bounce on very high volume.

a break through upper limit should have happened by now, and it should have been on high volume. not exactly what we see here.
  • #222,220
  • Apr 22, 2010 11:57pm Apr 22, 2010 11:57pm
Quoting Piters
naah.. lazzy bankers are on STRIKE..

NEW rules -> no Liquidity.. -> new game..

jk
which gives the insto's even more incentive to turn on the HFTs
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