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

  • #223,401
  • May 6, 2010 1:49am May 6, 2010 1:49am
Quoting ghuisthefirs
go long from here tp=144-145
maybe even today
from there you should short
what u talk about?trend is bearish
Gold Expedition Return This Year: -16.6%
  • #223,402
  • May 6, 2010 1:52am May 6, 2010 1:52am
we hit the bearish channel right now plus a bouncing level i mentioned
next bouncing level if this broken is 140.177
  • #223,403
  • May 6, 2010 1:53am May 6, 2010 1:53am
LTL of the Daily triangle sits at 140.25 ish and the April low is around 139. Let's see if the big playerz want to push this through today. Looks likely at the moment.

Indis mean nothing right now.
  • #223,404
  • Edited 2:11am May 6, 2010 1:58am | Edited 2:11am
not sure
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  • #223,405
  • May 6, 2010 1:58am May 6, 2010 1:58am
Quoting ghuisthefirs
go long from here tp=144-145
maybe even today
from there you should short
....will always come and bite you. lol

You also said long at 141.65.

Could get a bounce somewhere here, but it's not guaranteed. Good luck.
  • #223,406
  • May 6, 2010 2:00am May 6, 2010 2:00am
support is here
very oversold
small bullish div

london might close gap after open
  • #223,407
  • May 6, 2010 2:15am May 6, 2010 2:15am
.....
Are these moves down early positioning for a hung parliament/indifferent NFP number?

OR

creating some mild panic so the informed money can buy cheaper tomorrow?

This looks suspiciously trappish to me, it's not this easy. But we'll see...
  • #223,408
  • May 6, 2010 2:18am May 6, 2010 2:18am
right on the spot.

Quoting ukdaytrader
.....
Are these moves down early positioning for a hung parliament/indifferent NFP number?

OR

creating some mild panic so the informed money can buy cheaper tomorrow?

This looks suspiciously trappish to me, it's not this easy. But we'll see...
Nihil Sine Deo.
  • #223,409
  • May 6, 2010 2:19am May 6, 2010 2:19am
Quoting budak baru
what u talk about?trend is bearish
He is trying to pick bottom by using mid April gap as reference. upper gap 141.65 lower gap 140.65
Agree that here could provide some support. But overall fundamentals and technically is looking so bearish. There is no way we can long here unless you wanna scalp. The price have to stop moving before it could reverse as what Scrat pointed out. H4 and H1 doesn't seems stop moving yet.
Read the entire market, money is made on the main trend not the fluctuation
  • #223,410
  • May 6, 2010 2:23am May 6, 2010 2:23am
the only support i see right now is 139.4 and that is my last tp.
  • #223,411
  • May 6, 2010 2:23am May 6, 2010 2:23am
is it a Gartley ....!?




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Attached Image (click to enlarge)
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  • #223,412
  • May 6, 2010 2:29am May 6, 2010 2:29am
O boy this is gonna be two days of fun!
Today 400 pips up, and tomorrow 400 down. Next week even more down
  • #223,413
  • May 6, 2010 3:45am May 6, 2010 3:45am
im not funny,but if gbp/jpy close on weekly below 140 ,eur/jpy below 119.50 and cad/jpy below 90,,then that mean we will test the LOW on gbp/jpy and go to 130 ATLEAST into next month ,,and then back up all the way maybe again to 145 'ish ..but for the whole month we are down ..

i posted a chart a while ago, to look closely at those 2 charts ..ill post it again in a minute,,and look how excactly it is ,and we will see a spike down beginning of next month then we will go and test 145 again..

we are stil ranging on monthly chart between 130 and 146 until year end
  • #223,414
  • Edited 4:07am May 6, 2010 3:51am | Edited 4:07am
Quoting ukdaytrader
.....
Are these moves down early positioning for a hung parliament/indifferent NFP number?

OR

creating some mild panic so the informed money can buy cheaper tomorrow?

This looks suspiciously trappish to me, it's not this easy. But we'll see...
Seems like a Buy Day for everything...today

G/J seems Bullish...

Seeing Bullish Divergence on Daily and Other TFs
Markets are not Random, they are designed!
  • #223,415
  • May 6, 2010 4:02am May 6, 2010 4:02am
Quoting Geppy
I drew this flag earlier tonight and if valid it's now broken. Lets see if we retest the lower trend line...
This turned out to be an insanely easy trade. Overall I missed my 140.00 profit target but just 15 or so pips... frustrating but I'm still remaining patient. Currently I'm selling even more into this rally now at 141.35 and still keeping my original target.
check out my blog: forexmademillionaire dot com
  • #223,416
  • May 6, 2010 4:07am May 6, 2010 4:07am
The H4 bar's just been fully painted: looks like the strongest bounce off the bottom on the chart just yet BUT the volume isn't equal to the others that have marked a bottom. But, there have to be more sellers in that bar than on any other on the chart. Are we done for the day and/or London? European equity markets have all also turned positive. If it was a trap, we look done.
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  • #223,417
  • May 6, 2010 4:12am May 6, 2010 4:12am
Quoting fullhouse
im not funny,but if gbp/jpy close on weekly below 140 ,eur/jpy below 119.50 and cad/jpy below 90,,then that mean we will test the LOW on gbp/jpy and go to 130 ATLEAST into next month ,,and then back up all the way maybe again to 145 'ish ..but for the whole month we are down ..

i posted a chart a while ago, to look closely at those 2 charts ..ill post it again in a minute,,and look how excactly it is ,and we will see a spike down beginning of next month then we will go and test 145 again..

we are stil ranging on monthly chart between 130 and...
you are ignoring the trendline starting from 131.98, is a strong support right now @ 140.19, if we can not breach this level after another test, we may bounce up towards 145 once again.
  • #223,418
  • May 6, 2010 4:13am May 6, 2010 4:13am
OK, we had a nice bounce, but history tells me we will have to at least re-test the LTL again. I would be booking some profit if I were long.

AND, we are still inside the April channel low of 139.
  • #223,419
  • May 6, 2010 4:17am May 6, 2010 4:17am
Guess having a slimmer pound is nice for you. Probally eat like a king on that cheaper food.

Quoting ukdaytrader
OK, we had a nice bounce, but history tells me we will have to at least re-test the LTL again. I would be booking some profit if I were long.

AND, we are still inside the April channel low of 139.
  • #223,420
  • May 6, 2010 4:20am May 6, 2010 4:20am
Quoting SannaCBranno
Guess having a slimmer pound is nice for you. Probally eat like a king on that cheaper food.
It's only cheaper if you don't actually live here. My friend is coming over from Australia and he's licking his lips.
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