Auslanco - GBP/JPY and GBP/USD (newstrade)
- #225,422
- May 19, 2010 1:14pm May 19, 2010 1:14pm
DOW closed -66.6 . It's a number of the BEAST.
"The beast I saw resembled a leopard, but had feet like those of a bear and a mouth like that of a lion."
I don't know. Doesn't say anything about bull.
"The beast I saw resembled a leopard, but had feet like those of a bear and a mouth like that of a lion."
I don't know. Doesn't say anything about bull.
- #225,424
- May 19, 2010 1:36pm May 19, 2010 1:36pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #225,425
- May 19, 2010 1:41pm May 19, 2010 1:41pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #225,426
- May 19, 2010 1:44pm May 19, 2010 1:44pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
pound looks interesting. today had the highest tick volume in the last few years... something is cooking here, probably a huge reversal in the near future... but let's see.
On second look, it looks like last minute buying ... what the heck is that all about?
- #225,427
- May 19, 2010 1:44pm May 19, 2010 1:44pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #225,428
- May 19, 2010 1:48pm May 19, 2010 1:48pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
from my point of view, this is another rally inside main downtrend. upper limit is 134.47 for g-j, and 1.4497 for g-u but these values are valid only until tokyo close tonight.
if i see a break there, i will re-evaluate.
if i see a break there, i will re-evaluate.
Something's definitely up. We're 20 minutes before the close, and GY, GU's so far popped 50+ pips in <10 minutes - this is normally dead movement territory - the algos are trying to get it to a certain close level - prolly above 132.5 - very fishy movement on no volume changes.
Nihil Sine Deo.
- #225,429
- May 19, 2010 1:54pm May 19, 2010 1:54pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
it's a clear break out of descending channel. until tokyo close tonight, supports are @ 130.78 and last one @ today's low. i suppose 134.30 will be tested sooner or later... but i can't say if we see 130.78 first.
anyway, IF we are to stay bearish, 134.30 test should happen until tokyo close. after that, last resistance will move to 133.86.
anyway, IF we are to stay bearish, 134.30 test should happen until tokyo close. after that, last resistance will move to 133.86.
Something's definitely up. We're 20 minutes before the close, and GY, GU's so far popped 50+ pips in <10 minutes - this is normally dead movement territory - the algos are trying to get it to a certain close level - prolly above 132.5 - very fishy movement on no volume changes.
Nihil Sine Deo.
- #225,430
- Edited 2:32pm May 19, 2010 2:04pm | Edited 2:32pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
stay tuned..
From 139xx ...700 pips UP...
I will short this for wave B at 1.4895 precisely..May be..
Otherwise this is Going Straight to 1.60xx
All Euro Pairs,,,UP......IMO
Markets are not Random, they are designed!
- #225,431
- May 19, 2010 2:14pm May 19, 2010 2:14pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Longs shouldn't get too excited just yet. Cable has a £3B date below 144 tomorrow during NY. Will be an expensive day for one large hedge fund if they get stood up. 
We're seeing the kind of sentiment when GY last dropped through 119. Just when it looked like armageddon was approaching,we bounced and haven't seen it since. Not saying we've seen the low of this cycle, only to be flexible.
IF we've seen the bottom of the cycle, then we won't just race to 138 or 141, we're likely to move in a fairly wide range of say 600 pips. A retest of today's low, (or close to it), is very likely but not a certainty.
After the SNB's intervention and news earlier that the FED and ECB were 'checking rates', it is not so far fetched that the BoJ may get involved soon too.
We're seeing the kind of sentiment when GY last dropped through 119. Just when it looked like armageddon was approaching,we bounced and haven't seen it since. Not saying we've seen the low of this cycle, only to be flexible.
IF we've seen the bottom of the cycle, then we won't just race to 138 or 141, we're likely to move in a fairly wide range of say 600 pips. A retest of today's low, (or close to it), is very likely but not a certainty.
After the SNB's intervention and news earlier that the FED and ECB were 'checking rates', it is not so far fetched that the BoJ may get involved soon too.
- #225,432
- May 19, 2010 2:24pm May 19, 2010 2:24pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Did you see E/A..bro..
From 139xx ...700 pips UP...
- #225,433
- May 19, 2010 2:38pm May 19, 2010 2:38pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #225,434
- May 19, 2010 2:42pm May 19, 2010 2:42pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
well... think again... and be careful not to get mauled. you wouldn't like someone squeezing your balls, would you ?
?
Think I got Both Bears and Bulls By the BALLS...LOL...
Nihil Sine Deo.
- #225,435
- May 19, 2010 2:43pm May 19, 2010 2:43pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #225,436
- May 19, 2010 2:49pm May 19, 2010 2:49pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
well... think again... and be careful not to get mauled. you wouldn't like someone squeezing your balls, would you
SELLOFF FOR aud ,.... bULL RUN FOR euro....LONG TERM.....
Otherwise to save my Balls( shave em) ...I will hedge or put my stop at break even...... This time I dont think...market will come close to testing lows...
Markets are not Random, they are designed!
- #225,437
- May 19, 2010 2:53pm May 19, 2010 2:53pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Dont Short this its only in wave 3 now may be consolidation for wave 4 smaller TFs...This consolidation is gonna be painfull....for wave#4 cause wave #2 was an ABC.....wAVE#5 IS GONNA BE LONGER THAN WAVE#3 gUARANTEED.....
i AM SO EXCITED CANT TYPE PROPERLY...
fIRST SUPPORT 1.444....SECOND SUPPORT 1.4188
bELIEVE bULL RUN FOR eur/usd HAS JUST STARTED TO MAKE A nEW YEARLY High....................!!!!!!!! or should I say All Time High........Wave #5 or elongated C
Don't be a hero. Don't have an ego. Always question yourself
- #225,438
- May 19, 2010 2:53pm May 19, 2010 2:53pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #225,439
- May 19, 2010 2:57pm May 19, 2010 2:57pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Something's definitely up. We're 20 minutes before the close, and GY, GU's so far popped 50+ pips in <10 minutes - this is normally dead movement territory - the algos are trying to get it to a certain close level - prolly above 132.5 - very fishy movement on no volume changes.
check out my blog: forexmademillionaire dot com
