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

  • #222,801
  • Apr 28, 2010 10:28am Apr 28, 2010 10:28am
Quoting Cod
I would take that bet with you.



It appears we are dealing with the realization that we aren't having armageddon or the great depression just yet but there are still lots of people out of work and countries like Greece that cannot stay afloat in these new conditions.

Seems to me like at least the GJ market is playing this all fairly "real" kind of hovering between up and down.
Watch INVISIBLE EMPIRE /"A NEW WORLD ORDER DEFINED" They didnt lend Greece Money what they did is ROB Greece & every other Country including the USA. Any body that is a Ruthless Murderer can ROB & become Rich like they are you dont have to be smart. If you invent something that will change the world they will offer you money to take your idea so they can SUPPRESS TECHNOLOGY & keep us SLAVES to their products & if you refuse they will KILL you, so we all have to wake up & realize what realy is going on with all their control over us, especialy with our HEALTHCARE FOOD & WATERonce we give them control of that its GAME OVER.
  • #222,802
  • Apr 28, 2010 10:29am Apr 28, 2010 10:29am
*SPAIN long term rating cut by S&P; outlook negative :1051z sm

even more to come...
  • #222,803
  • Apr 28, 2010 10:33am Apr 28, 2010 10:33am
Quoting Allseeingeye
Watch INVISIBLE EMPIRE /"A NEW WORLD ORDER DEFINED" They didnt lend Greece Money what they did is ROB Greece & every other Country including the USA. Any body that is a Ruthless Murderer can ROB & become Rich like they are you dont have to be smart. If you invent something that will change the world they will offer you money to take your idea so they can SUPPRESS TECHNOLOGY & keep us SLAVES to their products & if you refuse they will KILL you, so we all have to wake up & realize what realy is going on with all their control over us, especialy...
Yes it is a very old game being played. Time now as always for everyone to make the big decisions of how to survive and flourish with realness.

As they say we will see.
  • #222,804
  • Apr 28, 2010 10:33am Apr 28, 2010 10:33am
h4 chart showing current monthly/weekly/daily levels. i used the same color coding for each so everyone can easily follow my comments.

we already have a daily support @ 142.35/45, backed up by monthly support @ 141.87.
- if this holds - and so far it did, then next move is to test weekly levels - last weekly close @ 144.45 and weekly vwap @ 143.72.
- if this does not hold, then theoretically next move should test 135.60.
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_sr.gif Size: 23 KB
Nihil Sine Deo.
  • #222,805
  • Apr 28, 2010 10:38am Apr 28, 2010 10:38am
Still some consolidation here that needs to take place in my opinion, but I'm thinking a drop is inevitable at least to 140.00. I know I said I'd be taking a break this week but the markets seem to be a nice distraction... flight leave in a few hours.

I rode shorts up to 143.30 last night and hit target this morning. I put shorts on between 143.08 and 143.40 and would like to add more if we can kiss 143.00 again or even higher. We're dropping pretty hard right now so we'll have to wait and see.
check out my blog: forexmademillionaire dot com
  • #222,806
  • Edited 10:58am Apr 28, 2010 10:41am | Edited 10:58am
it may be risky 2 short it now
Attached Image
  • #222,807
  • Apr 28, 2010 10:47am Apr 28, 2010 10:47am
if h4 closes below 142.3-142.2..IMO..Gj will fall pretty fast
  • #222,808
  • Apr 28, 2010 10:52am Apr 28, 2010 10:52am
Quoting naatha
it may be risky 2 short it now
Remember guys it Triple Swap Wednesday.....looks like it will go up at least till 144.00
  • #222,809
  • Edited 1:10pm Apr 28, 2010 11:02am | Edited 1:10pm
IMHO
Tmr Jpy market op. meaning will be transaction occured (pending transaction), which will strengthens Jpy (that's what banker always said), so if today didnt hit 143-144, then i will short immediately

I think it will hit 143.3 bepore goes down again...

http://www.forexfactory.com/attachme...1&d=1272478155
Attached Image (click to enlarge)
Click to Enlarge Name: 143.30.jpg Size: 62 KB
row row row your boat
  • #222,810
  • Apr 28, 2010 11:13am Apr 28, 2010 11:13am
Quoting Geppy
Still some consolidation here that needs to take place in my opinion, but I'm thinking a drop is inevitable at least to 140.00. I know I said I'd be taking a break this week but the markets seem to be a nice distraction... flight leave in a few hours.
The (US equity) markets are trying to decide what to do. I agree with you that a downside move for the UJ & GJ is likely to happen this afternoon. The ratings hit against Spain was perfectly timed to be put out as European equity markets closed, and although EURUSD is losing ground (mild so far, IMHO), there's little reason for the US $ to rally since 20% of their exports go to Europe, and, with the one other major consumerism driven market outside of North America in serious jeopardy, there's little reason for US optimism.

Note also the 2:15EST Fed Rates statement; you can be rest assured there will be no rate hike, but it's the hawkishness level of the wording that has volatility potential, and that's where the big boys could be dangerous.

BTW: Definite downage going on & more to come in GBPUSD - just a question of how USDJPY will react, but the yen crosses are leaning towards selloffs IMHO for this afternoon. US Treasuries are also being sold. And the VIX is in terrible shape.
  • #222,811
  • Apr 28, 2010 12:00pm Apr 28, 2010 12:00pm
Quoting naatha
it may be risky 2 short it now
can i ask, what's this hidden gap volume?
  • #222,812
  • Apr 28, 2010 12:04pm Apr 28, 2010 12:04pm
"hidden gap" is a ff user, and that volume is his indicator. it is no different from MT indicator, it just colors bars depending on their size relative to past bars.

Quoting witsnpips
can i ask, what's this hidden gap volume?
Nihil Sine Deo.
  • #222,813
  • Apr 28, 2010 12:21pm Apr 28, 2010 12:21pm
Srat! are you in any trade? My early morning trade could have earned me 130 pips but i closed it out of fear at a loss of 42 pips!
  • #222,814
  • Apr 28, 2010 12:41pm Apr 28, 2010 12:41pm
Everything seems primed to go back down to @ least S1 support, we'll see after that, Profitable Tradingl, Everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 87 KB
  • #222,815
  • Apr 28, 2010 1:03pm Apr 28, 2010 1:03pm
no trades for now. we are between support and resistance, see my previous chart, so better to stay out.

Quoting uncletrumpet
Srat! are you in any trade? My early morning trade could have earned me 130 pips but i closed it out of fear at a loss of 42 pips!
Nihil Sine Deo.
  • #222,816
  • Apr 28, 2010 1:10pm Apr 28, 2010 1:10pm
hm. maybe i'm not getting it right, but unless i see u-j closing today below 93.95 / or going below 92.98, i can't have a bearish bias...

g-u is right at support. g-j bounced off support, and has a little bit more to upside resistance... so i don't see a selling spree just yet. might be wrong though...

Quoting Beljevina
The (US equity) markets are trying to decide what to do. I agree with you that a downside move for the UJ & GJ is likely to happen this afternoon. The ratings hit against Spain was perfectly timed to be put out as European equity markets closed, and although EURUSD is losing ground (mild so far, IMHO), there's little reason for the US $ to rally since 20% of their exports go to Europe, and, with the one other major consumerism driven market outside of North America in serious jeopardy, there's little reason for US optimism.

Note also the 2:15EST...
Nihil Sine Deo.
  • #222,817
  • Apr 28, 2010 1:14pm Apr 28, 2010 1:14pm
Quoting USD-Bear
Shorting UJ @ 94.00
SL @ 94.5
TP @ 92.70

Attachment
added short @ 94.20
changed SL to 94.85
changed TP to 91.701

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0097.png Size: 18 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #222,818
  • Apr 28, 2010 1:32pm Apr 28, 2010 1:32pm
going to short at 143.3x and 144 (ip reach)
row row row your boat
  • #222,819
  • Apr 28, 2010 1:33pm Apr 28, 2010 1:33pm
gj heading to ?
  • #222,820
  • Apr 28, 2010 1:41pm Apr 28, 2010 1:41pm
Quoting hmpargi
gj heading to ?
ltl says 139.60
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