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

  • #223,421
  • May 6, 2010 4:22am May 6, 2010 4:22am
I heard that. Over here, in the US, we have to sell a kids liver to fill up the gas tank.lol

Quoting ukdaytrader
It's only cheaper if you don't actually live here. My friend is coming over from Australia and he's licking his lips.
  • #223,422
  • May 6, 2010 4:23am May 6, 2010 4:23am
Looks like it's going to respect the support she's already breeched.
  • #223,423
  • May 6, 2010 4:24am May 6, 2010 4:24am
Quoting SannaCBranno
Looks like it's going to respect the resistance she's already breeched.

resistance where? already breached? isn't that a contradiction?
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  • #223,424
  • May 6, 2010 4:27am May 6, 2010 4:27am
I meant support, changed it in fact.
Attached Image (click to enlarge)
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  • #223,425
  • May 6, 2010 4:27am May 6, 2010 4:27am
i think gbp/jpy will stop falling when usd/jpy hits 89-90. currently it tested resistance at 94 and was a fail as far as i could tell. a break of 93 seems reasonable for today
  • #223,426
  • May 6, 2010 4:29am May 6, 2010 4:29am
all jpy crosses at IMPORTANT support levels,,close below then there we go,,or up and we wont look back... we are still not 100% bearish according to my view on daily and below ..i dont think we will push it through the TL 2day ,with the elections behind the gbp...

what if this the LOW and we heading to 150 ?? what a cheap price we get ?? what an unbeleivable small stop we had on such a huge move ??

im still dont know where to go ...

im out of positions again... @ 140.30 ..so it goes ..
  • #223,427
  • May 6, 2010 4:29am May 6, 2010 4:29am
Quoting SannaCBranno
I heard that. Over here, in the US, we have to sell a kids liver to fill up the gas tank.lol
You lot don't know you're born. Try 8 bucks a gallon!
  • #223,428
  • May 6, 2010 4:31am May 6, 2010 4:31am
Quoting SannaCBranno
I meant support, changed it in fact.
I saw that, but as I monitored, it was a 17 pip wick that dipped down on a M1 chart. It could be a formal push down, but inconclusive IMHO.
  • #223,429
  • May 6, 2010 4:32am May 6, 2010 4:32am
Quoting ukdaytrader
You lot don't know you're born. Try 8 bucks a gallon!

I always find that hilarious... Americans trying to complain to Brits about the price of gas
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  • #223,430
  • May 6, 2010 4:35am May 6, 2010 4:35am
Quoting Geppy
I always find that hilarious... Americans trying to complain to Brits about the price of gas
Americans trying to complain to anyone in Europe about the price of gas.
  • #223,431
  • May 6, 2010 4:38am May 6, 2010 4:38am
Quoting ukdaytrader
Americans trying to complain to anyone in Europe about the price of gas.
Meh... I hear it's somewhat affordable in Iraq, Iran and Venezuela
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  • #223,432
  • May 6, 2010 4:38am May 6, 2010 4:38am
Well, if we keep letting the oil rigs you own on our coast leak; we'll get up there.
  • #223,433
  • May 6, 2010 4:45am May 6, 2010 4:45am
gosh... I keep scanning multiple charts to see what I can start buying on the cheap once my 140.00 target is achieved but nothing looks to be on clearance yet. Something tells me I'm gonna feel like the dumb n00b that I am when I close out there.
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  • #223,434
  • May 6, 2010 4:48am May 6, 2010 4:48am
Eur/gbp is back to pivot.


Quoting Geppy
gosh... I keep scanning multiple charts to see what I can start buying on the cheap once my 140.00 target is achieved but nothing looks to be on clearance yet. Something tells me I'm gonna feel like the dumb n00b that I am when I close out there.
  • #223,435
  • May 6, 2010 4:49am May 6, 2010 4:49am
Quoting SannaCBranno
Eur/gbp is back to pivot.
Hmmm... yes, with the Euro continuously getting pummeled and the UK elections due very soon that sounds like a very low risk long!
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  • #223,436
  • May 6, 2010 4:53am May 6, 2010 4:53am
Quoting Geppy
gosh... I keep scanning multiple charts to see what I can start buying on the cheap once my 140.00 target is achieved but nothing looks to be on clearance yet. Something tells me I'm gonna feel like the dumb n00b that I am when I close out there.
You run a tight ship there ... I show the low 2 hours ago was 140.207. Any gut feel on the likelihood of hitting it? Is there a point/value/PA where you'll deem things to be going up, and the existing bottom solid?
  • #223,437
  • May 6, 2010 4:53am May 6, 2010 4:53am
I should really go back to sleep, can't seem to stop selling. I think I've given her a good million or more between 141.12 and 141.35...
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  • #223,438
  • May 6, 2010 4:57am May 6, 2010 4:57am
Quoting Beljevina
You run a tight ship there ... I show the low 2 hours ago was 140.207. Any gut feel on the likelihood of hitting it? Is there a point/value/PA where you'll deem things to be going up, and the existing bottom solid?
No sir! I'm getting out at 140.00 because I'm a big scaredy cat. But if I had any balls I'd hold on for a potential ride further south. There's no reason to look where we may reverse... that's a fools game. I'll hope out, watch for a rally, watch for said rally to stall, sell the sh*t out of said rally... rinse and repeat. 4H doesn't look oversold, daily doesn't look at all oversold, weekly used to look mixed and is now looking bearish while monthly looks to still hold some bullish potential. Considering my pockets aren't quite deep enough to be trading solely on a monthly chart I'll stick to those lower time frames.
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  • #223,439
  • May 6, 2010 5:06am May 6, 2010 5:06am
This PA sure is reminding me a lot of yesterday afternoon US session... remember that "bounce" off 142.00 yeah that was fun!
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  • #223,440
  • May 6, 2010 5:46am May 6, 2010 5:46am
i am gonna change my mind and say the bears must stand on hold for another 2 weeks or so before we get a break below 140..as soon we get to 140 or closer to the TL , i will go into longs and target 144.70 ..

WE ARE STILL RANGING ,but i still say we will get as low as 130 ,,but for now back into range mode upto 144.15/ 144.70 .. i will go for longs +- @ 140.80 OR better another test of TL and stop a few pips below low

thats what i see..
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