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

  • #222,341
  • Apr 23, 2010 10:20am Apr 23, 2010 10:20am
Quoting Cod
I miss Mush. Bring him back whoever banned him.
  • #222,342
  • Apr 23, 2010 10:23am Apr 23, 2010 10:23am
Quoting Scrat
here is what i think ...

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 in this bearish scenario = 143.78/144.66 (and even 145.02), and
b. where bears could push it = next support, which is 135.53 (see above, february close).
  • #222,343
  • Apr 23, 2010 10:32am Apr 23, 2010 10:32am
longs are no good untill we clear the major 618/382 combo resistance on the daily chart.

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  • #222,344
  • Apr 23, 2010 10:32am Apr 23, 2010 10:32am
You are indeed the nostradamus of Forex, I have been following all your analysis for days now and thanks alot.

Quoting Scrat
guys, you shouldn't think like that. this chart doesn't say bearish, it says bullish - for now. buy the dips...

monday did the trick... we had a bearish weekly close, but after monday closed above it, the bias was bullish all along... and although i saw it i just didn't want to believe in it.

let's see how this week will close, and then what's next on monday. but as long as we don't get a daily close below last week close, i can't think bearish. and even then... there's a lot of support to break on the way down
  • #222,345
  • Apr 23, 2010 10:35am Apr 23, 2010 10:35am
Hi uncletrumpet, bonus76, plucker01, Invisible, metlife777, 4xtechies, USD-Bear, johny_bravo, Tomex, hillbilly, plaq, lexazver, hadleyma, Kofmaster, Farmboy, levitezfx, rdris1398, theoedet

Do you think that would be a gap to the upside on next week open. Let me hear your comment.
  • #222,346
  • Apr 23, 2010 10:38am Apr 23, 2010 10:38am
let's not jump the gun yet.

we are still in a major downtrend, and first important resistance is @ 150 area (last yearly close, remember that december bs rally...?).
theoretically, that's where this pair is heading UNLESS it manages somehow to break support. a solid confirmation would be first weekly close BELOW previous month close. i.e., in our case = we need a weekly close below 141.87; next month, this level would probably be higher...

until then, buy the dips and go with the madness. recession is over, economies around the world are taking off (see Greece for example, that one is about to really take off... to heaven) and everything is going well so rallies are everywhere because everything is going fantastic otherwise why would we see rallies, right? so everything is great, buy the dips.

yeah. oh, did i mention to buy the dips already?

Quoting uncletrumpet
159.14 is around the corner
Nihil Sine Deo.
  • #222,347
  • Apr 23, 2010 10:43am Apr 23, 2010 10:43am
Quoting uncletrumpet
Hi uncletrumpet, bonus76, plucker01, Invisible, metlife777, 4xtechies, USD-Bear, johny_bravo,...
I will tell you next Tuesday
  • #222,348
  • Apr 23, 2010 10:49am Apr 23, 2010 10:49am
A railway track is forming on the daily chart of dollar, what about that

Quoting Scrat
let's not jump the gun yet.

we are still in a major downtrend, and first important resistance is @ 150 area (last yearly close, remember that december bs rally...?).
theoretically, that's where this pair is heading UNLESS it manages somehow to break support. a solid confirmation would be first weekly close BELOW previous month close. i.e., in our case = we need a weekly close below 141.87; next month, this level would probably be higher...

until then, buy the dips and go with the madness. recession is over, economies around the world are taking...
  • #222,349
  • Apr 23, 2010 10:51am Apr 23, 2010 10:51am
I need to overcome this temptation, the rally is still forming but I am through for the week. Meet next week.
  • #222,350
  • Apr 23, 2010 10:57am Apr 23, 2010 10:57am
Quoting Scrat
let's not jump the gun yet.


until then, buy the dips and go with the madness. recession is over, economies around the world are taking off (see Greece for example, that one is about to really take off... to heaven) and everything is going well so rallies are everywhere because everything is going fantastic otherwise why would we see rallies, right? so everything is great, buy the dips.

yeah. oh, did i mention to buy the dips already?
True, if you consider that the global crisis was contrived and bs then it is not big surprise when the recovery is also contrived and bs. The bs is the idea that there are free markets working on true supply and demand. Once you get past that going with the madness is easy.
  • #222,351
  • Apr 23, 2010 10:57am Apr 23, 2010 10:57am
Quoting Scrat
guys, you shouldn't think like that. this chart doesn't say bearish, it says bullish - for now. buy the dips...

monday did the trick... we had a bearish weekly close, but after monday closed above it, the bias was bullish all along... and although i saw it i just didn't want to believe in it.

let's see how this week will close, and then what's next on monday. but as long as we don't get a daily close below last week close, i can't think bearish. and even then... there's a lot of support to break on the way down.

you are 100% right ,,the bullish view was clear and infront of us but did not damm beleive it ..i was full on a bullsih viewer ..but i still short it until the last pip ..

hey .. we WILL get the next trend right and we will kill it like always !! .

anyway ..eur/gbp for long is not a bad option for a long term setup..
  • #222,352
  • Apr 23, 2010 11:02am Apr 23, 2010 11:02am
Quoting Scrat
until then, buy the dips and go with the madness. recession is over, economies around the world are taking off (see Greece for example, that one is about to really take off... to heaven) and everything is going well so rallies are everywhere because everything is going fantastic otherwise why would we see rallies, right? so everything is great, buy the dips.

yeah. oh, did i mention to buy the dips already?
So (ironically!) well put!!!

I like to think of it as the anti-reality anti-gravity pair! I just don't get how it's staying there suspended around 144.6 for (what seems like) forever! Ah wait, it's also the coat-tail currency!

Am going to go for a scalp just below 145, which I'm prepared to hold, forever if necessary!
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  • #222,353
  • Apr 23, 2010 11:21am Apr 23, 2010 11:21am
just like i expected, you were not listening. didn't i tell you everything is going well and crisis is over? actually, if i come to think of it, what crisis are we talking about?

buy the dips, because everything is pink. if you see it black, buy a pair of pink glasses, drink some pink ink, eat some pink cake... use a pink background for your trading platform... THINK PINK and buy the dips, because everything is pink... even shit is pink now so let's buy it!!! i bet it's a once in a lifetime opportunity.

Quoting Beljevina
So (ironically!) well put!!!

I like to think of it as the anti-reality anti-gravity pair! I just don't get how it's staying there suspended around 144.6 for (what seems like) forever! Ah wait, it's also the coat-tail currency!

Am going to go for a scalp just below 145, which I'm prepared to hold, forever if necessary!
Nihil Sine Deo.
  • #222,354
  • Apr 23, 2010 11:32am Apr 23, 2010 11:32am
Quoting Scrat
just like i expected, you were not listening. didn't i tell you everything is going well and crisis is over? actually, if i come to think of it, what crisis are we talking about?

buy the dips, because everything is pink. if you see it black, buy a pair of pink glasses, drink some pink ink, eat some pink cake... use a pink background for your trading platform... THINK PINK and buy the dips, because everything is pink... even shit is pink now so let's buy it!!! i bet it's a once in a lifetime opportunity.
... wow.
check out my blog: forexmademillionaire dot com
  • #222,355
  • Apr 23, 2010 11:36am Apr 23, 2010 11:36am
Quoting Scrat
just like i expected, you were not listening. didn't i tell you everything is going well and crisis is over? actually, if i come to think of it, what crisis are we talking about?

buy the dips, because everything is pink. if you see it black, buy a pair of pink glasses, drink some pink ink, eat some pink cake... use a pink background for your trading platform... THINK PINK and buy the dips, because everything is pink... even shit is pink now so let's buy it!!! i bet it's a once in a lifetime opportunity.
i think we must re think just to get in and think to buy dibs ... here is only one jpy cross view and its the cad/jpy and yes every other jpy cross looks similar but this one is the most clear and obv one ,i posted ... we can say that all crosses are excatly 300 pips away from MAJOR,MAJOR RESS level..dont know about gbp/jpy..gbp/jpy might range and mess around 145-147 levels ,but down is close as the other jpy crosses moved up to test that levels,aswell as the usd/jpy ... my view is to wait for that cad/jpy to test 97 level and then short the rest or what ever ..thats my view ... i will sit and wait ,scalp here and there ,but short medium/long term is around the corner ... this is onkly tech view and have no clue whats going in the woirld ..greece ,US ,UK ..im a noob if it come to world news and fundies
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  • #222,356
  • Apr 23, 2010 11:57am Apr 23, 2010 11:57am
Quoting PandoraBox
I will upload my analysis this Saturday....I will show it how it similiar from my view.
I'll be waiting for that PB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222,357
  • Apr 23, 2010 12:03pm Apr 23, 2010 12:03pm
arghhhhhhh ... i can't read the chart bull>bear>bull>bear ... blurrr ...
  • #222,358
  • Apr 23, 2010 12:09pm Apr 23, 2010 12:09pm
Quoting uncletrumpet
Hi uncletrumpet, bonus76, plucker01, Invisible, metlife777, 4xtechies, USD-Bear, johny_bravo,...
personally I don't think so, still there is a selling pressure on cable but the reason to current rally lies in UJ (strong dollar)
when UJ will drop, geppy will follow
  • #222,359
  • Edited 12:30pm Apr 23, 2010 12:18pm | Edited 12:30pm
it used to be, and back then it also smelled. but not anymore. now it's pink and smells like perfume, that's why everyone is buying it .

Quoting EuroMaster
shit is pink? i thought it is brown http://cdn.forexfactory.com/images/s...m/thinking.gif
Nihil Sine Deo.
  • #222,360
  • Apr 23, 2010 12:25pm Apr 23, 2010 12:25pm
Quoting Scrat
it used to be, and back then it also smelled. but not anymore. now it's pink and smells like perfume, that's why everyone is buying it .
It's true... I had a first date with a girl last night and instead of bringing her flowers I packaged up some poo, wrapped with a pink bow of other poo and she loved it!
check out my blog: forexmademillionaire dot com
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