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

  • #223,061
  • May 2, 2010 4:25pm May 2, 2010 4:25pm
The markets look like they're going to be moving like my grandma, until Europe, da?
  • #223,062
  • May 2, 2010 6:55pm May 2, 2010 6:55pm
http://www.bloomberg.com/apps/news?p...dKeR1TDU&pos=1

lets ride for almost similar bounce like last week? c what happen
  • #223,063
  • May 2, 2010 7:05pm May 2, 2010 7:05pm
Quoting grashid
http://www.bloomberg.com/apps/news?p...dKeR1TDU&pos=1

lets ride for almost similar bounce like last week? c what happen
There is NO -GAP.. we touch the LTL at 142.60 before we bounced BACk.. but YES.. we are bouncing b/c of GREECE Bailout..

[Messy WEEK ahead]
Keep an eye on events this week..
-Greece strike @ 5th May;
-German elections,
-UK elections..

Cheers

[Chart]
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  • #223,064
  • May 2, 2010 7:11pm May 2, 2010 7:11pm
I believe we have gone into a downtrend-under the purple line.

p.s.1 hr. chart
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  • #223,065
  • May 2, 2010 7:18pm May 2, 2010 7:18pm
Quoting hamedizad
GBP,USD W1---GBP D1---GBP H4

elliot wave
pattern, harmonic impuls wave
pattern , butterfly
Nice analysis...... Post GBP/ JPY As well..if you have Time..

http://www.forexfactory.com/showthre...23#post3610923
Markets are not Random, they are designed!
  • #223,066
  • May 2, 2010 7:27pm May 2, 2010 7:27pm
Quoting Piters
There is NO -GAP.. we touch the LTL at 142.60 before we bounced BACk.. but YES.. we are bouncing b/c of GREECE Bailout..

[Messy WEEK ahead]
Keep an eye on events this week..
-Greece strike @ 5th May;
-German elections,
-UK elections..

Cheers

[Chart]

opss..sorry boss forgot to mentioned..
I mean EUR pair..EU n EY....both just close i think
  • #223,067
  • May 2, 2010 8:36pm May 2, 2010 8:36pm
Another indication to support my position of the introduction of a downtrend............THE PITCHFORK!!!

4hr
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  • #223,068
  • May 2, 2010 9:10pm May 2, 2010 9:10pm
This is another pitchfork. This one is daily. So far it hasn't broken through this one, which is @ support-what a cowinkadink.
Attached Image (click to enlarge)
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  • #223,069
  • May 2, 2010 11:44pm May 2, 2010 11:44pm
Quoting Beljevina
The current H1 candle formation is struggling to do the textbook bounce back response, but I think the selling may end up winning, although further declines may have to wait a few H1 candles. (Note chart is H4)
Although 5pm EST MT4 brokers opened with a seeming 40/50 gap up, PA returned down to close that "gap", and made the newer lows that PA looked to be getting to on Friday's close. Note the moves down were on very low volume.

Japan's on holiday, yet even the slow moving PA travelled 100 pips down. Most of Europe is apparently closed Monday, so let's see if any Swiss or Frankfurt trading moves sterling. Not sure of what to expect between the Greece package (EURUSD's travelled 130+ pips - a rarity in Asian trading); chatter of impact to USD due to the BP oil spill could be a factor too.

I'd wager GY will see a further push down to at least the (orange) TL about 142.65 in the next 60-90 minutes and be hit with stopping volume and bounce, but hard to say if it'll be enough to trajectory it upwards - am going to guess no for now. And if it heads further south, it'll be for another 100 pips (over London's session) and another attempt at stopping volume. (Although you'd think with the euro rescue package helping the UK's $300M+ exposure to Greece, that would be (short-term) bullish for sterling) Given the low liquidity today, perhaps not trading is the best move, as the swings could be big and stop killing.
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  • #223,070
  • May 3, 2010 12:38am May 3, 2010 12:38am
Amazing, but with more than half of the worlds markets closed, I managed to increase my NAV with 0.565% in the last 6 hours by trading GY and UC.

Now I'm short again GY 1.4339

Closed 5 pips gain
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  • #223,071
  • May 3, 2010 12:47am May 3, 2010 12:47am
Time to go long?
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  • #223,072
  • May 3, 2010 12:53am May 3, 2010 12:53am
Quoting KillerWhale
Time to go long?
Does look like a bullish H1 bar forming, doesn't it. Let's see how it closes in the next 10 min - if it clears/closes above 143.65, then we may have liftoff. Not sure though if it'll get us only to the FTSE open, or higher.
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  • #223,073
  • May 3, 2010 12:57am May 3, 2010 12:57am
Quoting Beljevina
Does look like a bullish H1 bar forming, doesn't it. Let's see how it closes in the next 10 min - if it clears/closes above 143.65, then we may have liftoff. Not sure though if it'll get us only to the FTSE open, or higher.
I don't think it will close above 143.65
Why is this your mark for long?.


3 minutes to go
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  • #223,074
  • May 3, 2010 12:58am May 3, 2010 12:58am
UK Elections
US Job Report

Double whammy on Friday for these 2 events.

I'm just starting to have an inkling that momentum is shifting to Cameron and the Conservatives. I've heard all the rhetoric about hung parliaments, but it would not surprise me to see this one won outright. One thing is certain; Brown is gone. The question will be the make-up of the Lib Dem Vote; if they have taken traditional Labour voters, then it would bode well for Cameron I think, as traditionally Conservative voter turnout is high.

If this scenario plays out and the jobs report is as good as everyone expects, we could see a major rally on Friday.

It's how i'm playing it anyway. But for now a nice drop into the 13x.xx would be great.
  • #223,075
  • May 3, 2010 1:01am May 3, 2010 1:01am
Quoting ukdaytrader
UK Elections
US Job Report

Double whammy on Friday for these 2 events.

I'm just starting to have an inkling that momentum is shifting to Cameron and the Conservatives. I've heard all the rhetoric about hung parliaments, but it would not surprise me to see this one won outright. One thing is certain; Brown is gone. The question will be the make-up of the Lib Dem Vote; if they have taken traditional Labour voters, then it would bode well for Cameron I think, as traditionally Conservative voter turnout is high.

If this scenario plays out and...
Agree with you, nice drop first and then explode on Friday.
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  • #223,076
  • May 3, 2010 1:03am May 3, 2010 1:03am
Quoting KillerWhale
I don't think it will close above 143.65
Why is this your mark for long?.


3 minutes to go
Yes, it was wishful of me ... was hoping it'd surpass the top of the bear bar 5 bars ago - not sure if it officially is a bearish engulfing or not. I also find that at this time, the trend that is in play, often at least carries us to the FTSE open, and at least into the first 30 min. Just not sure we have any trend yet though ...

Am also watching UJ - 93.8 looks to be holding rather well, just need to get over a minor TL and above the DPP (although my DPP on the chart may be wrong - the indi gets confused the 1st day of the week)

http://www.forexfactory.com/attachme...1&d=1272867043
  • #223,077
  • May 3, 2010 1:12am May 3, 2010 1:12am
Quoting Beljevina
Yes, it was wishful of me ... was hoping it'd surpass the top of the bear bar 5 bars ago - not sure if it officially is a bearish engulfing or not. I also find that at this time, the trend that is in play, often at least carries us to the FTSE open, and at least into the first 30 min. Just not sure we have any trend yet though ...
I closed GY, now long CU @ 1.0150. Thinking I should let this go for a 400 pip gain, but I'm not sure how the Louisiana oil spill will effect CAN, or commodity currencies in general.
If anyone has ideas, I'm open for it.

Shamu
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  • #223,078
  • May 3, 2010 2:16am May 3, 2010 2:16am
Quoting KillerWhale
I closed GY, now long CU @ 1.0150. Thinking I should let this go for a 400 pip gain, but I'm not sure how the Louisiana oil spill will effect CAN, or commodity currencies in general.
If anyone has ideas, I'm open for it.

Shamu
i think u must stick to your plan. either short or long.dont confusing other.trade what u see in your chart bro.
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  • #223,079
  • May 3, 2010 2:32am May 3, 2010 2:32am
still thingkin should i closed at 142.8 or 142.6
row row row your boat
  • #223,080
  • May 3, 2010 2:49am May 3, 2010 2:49am
With the bounce off Support, put in longs @ 143.11. Stop right under support.
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