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

  • #225,521
  • May 20, 2010 2:21am May 20, 2010 2:21am
Quoting ukdaytrader
I know there's a lot of clutter here lately, but read my posts from yesterday.
ok closed my longs at 131.34 and now im short lets see if we se tank of war now
  • #225,522
  • May 20, 2010 2:21am May 20, 2010 2:21am
Quoting fullhouse
it is indeed a touch and go situation now..im not tooo positive of 134 just yet..im still sit on the edge on my seat... will be relief if we break 132.40,,but we r not there yet

1 hour candle look a bit better for an upside test ,,but lets see
Wonder what the Daily Candle is Gonna be for Euro pairs..

Have you everseen price moving in a Straight line/...checkout 4 hr E/U
Markets are not Random, they are designed!
  • #225,523
  • May 20, 2010 2:24am May 20, 2010 2:24am
anyone observed the decending wedge on 30min 1h chart on gj? i think if we manage to get below 129.70, target will be around 129.00 and from there we bounce and possible break up of the wedge resistance might lead to a major upward move.

also for scalpers there is a rising wedge forming on 1min chart, it may either break down from 130.95 level or bounce at least up to 131.57 and a possible top of 131.80ish then down to 129.75, dunno.
  • #225,524
  • May 20, 2010 2:28am May 20, 2010 2:28am
Quoting Traderdesk
On my dealer chart I am looking for a low of 126 area by end of N.Y. session... unless 135 level is broken.... First important resistance to be careful of is now around 132 but the major psychological resistance level is around the 135 descending 4 hour UTL.....

PA is going to be volatile and bears are looking to break the 129.80 area convincingly. Remember the higher TF's show bearish momentum so traders like to place shorts at these levels and if the go against them they close and open reverse positions with low R/R.....

As far as people being...
126 would be great... sux tomorrow i have to go to my gradution aghhh Im graduating people...

just to keep working what i already do FOREX!!!
  • #225,525
  • May 20, 2010 2:30am May 20, 2010 2:30am
Quoting Scrat
more like fat crap...
lol, i was kinda implying something a little different but hey, that works too if you're into that kinda stuff
  • #225,526
  • May 20, 2010 2:31am May 20, 2010 2:31am
Quoting kourtney
ok closed my longs at 131.34 and now im short lets see if we se tank of war now
We're likely to be in range mode for a while today while we wait for the option expiry.

Picking a direction right now is a crap shoot, but we have had a mini sell-off to shakeout the weak longs. There were also signs of stopping volume at 130.5 ish. 100 pip bounces should not be discounted IMO and there were big players buying there.

Longer term traders will be starting to buy Sterling at these levels.
  • #225,527
  • May 20, 2010 2:33am May 20, 2010 2:33am
Quoting Raza
Wonder what the Daily Candle is Gonna be for Euro pairs..

Have you everseen price moving in a Straight line/...checkout 4 hr E/U
i do see,and it looks like a promising inverted H&S on 1 hour.. left shoulder at 1.2232..but on the edge to break out of the neckline

all my hope is that gbp/jpy can go higher this week and next week ,so we can have acsending wedge/triangle in play on both eur/jpy and gbp/jpy .

it dont look that good ,,but will get some relief if we break 132.40 ..until then im on the edge on my seat and keep watching..

lucky i did closed longs of + 150 and reverse to short to 130.90 and back into longs again,,so i wont get a loss,,but its not that important.. its the triangle that i want ...thats seriuos $$$ ..back now below 129 will everybody wonder if we going down or spike below...its a crap move then,,wht about 128 ?? will we stopped there,,we dont know ...

the only thing that bother me ALOT on gbp/jpy ,is the low on 1 hour...it def is not the low as i can see ..it look crappy ,and it bother me alot from yesterday ...
  • #225,528
  • May 20, 2010 2:44am May 20, 2010 2:44am
Quoting glopfel
anyone observed the decending wedge on 30min 1h chart on gj? i think if we manage to get below 129.70, target will be around 129.00 and from there we bounce and possible break up of the wedge resistance might lead to a major upward move.

also for scalpers there is a rising wedge forming on 1min chart, it may either break down from 130.95 level or bounce at least up to 131.57 and a possible top of 131.80ish then down to 129.75, dunno.
Yes I have... It is causing me some concern as well as the E/J that is in a bullish triangle.... Keeping a close eye on those....At the same time though U/J is in a hourly bearish wedge

Maybe this reported option expiry 144 on G/U is keeping the final push down teetering until it activates
Traderdesk -
  • #225,529
  • May 20, 2010 2:46am May 20, 2010 2:46am
Quoting fullhouse
i do see,and it looks like a promising inverted H&S on 1 hour.. left shoulder at 1.2232..but on the edge to break out of the neckline

all my hope is that gbp/jpy can go higher this week and next week ,so we can have acsending wedge/triangle in play on both eur/jpy and gbp/jpy .

it dont look that good ,,but will get some relief if we break 132.40 ..until then im on the edge on my seat and keep watching..

lucky i did closed longs of + 150 and reverse to short to 130.90 and back into longs again,,so i wont get a loss,,but its not that important.....
Divergence seems Bullish to me on 1 Hr...and 4 Hr...G/J

But dont take my words for it...This 4 Hr candle may give a Clue...
Markets are not Random, they are designed!
  • #225,530
  • May 20, 2010 2:51am May 20, 2010 2:51am
Quoting Scrat
daily chart... big guys playing games.

hey..at what time do your platform daily candles close ??
  • #225,531
  • May 20, 2010 2:51am May 20, 2010 2:51am
Quoting Scrat
daily chart... big guys playing games.

hey at what time do your platfrom daily candles close ..NY time ?
  • #225,532
  • May 20, 2010 2:53am May 20, 2010 2:53am
Quoting kourtney
126 would be great... sux tomorrow i have to go to my gradution aghhh Im graduating people...

just to keep working what i already do FOREX!!!

congrats...

Kourtney, draw a TL from lows of A/U on Daily, looks like it bouncing off the triangle, if it is valid, this could bring G/J up as well. u may also want to check out a Eur/aud short
  • #225,533
  • May 20, 2010 2:56am May 20, 2010 2:56am
buy right now for tp 136 in the coming 4 hours
  • #225,534
  • May 20, 2010 2:56am May 20, 2010 2:56am
Quoting Clouds
congrats...

Kourtney, draw a TL from lows of A/U on Daily, looks like it bouncing off the triangle, if it is valid, this could bring G/J up as well. u may also want to check out a Eur/aud short

we break the mega double top support line ? right .... now we confirm on daily chart ,that its not a FALSE break,,so support becomes ress .. we will now have a steady retrace to that mega support line to test and confirm its now ress ... then a huge drop to 0.77 ...i hope you talked about the aud/usd..thats i talked about
  • #225,535
  • May 20, 2010 2:56am May 20, 2010 2:56am
This looks like the typical cant break resistance so drop to pick up more buyers. If that's the case, this move should get us to 133.10 and 134.60. So far it looks like there might be enough momentum this time.
  • #225,536
  • May 20, 2010 2:59am May 20, 2010 2:59am
Quoting fullhouse
we break the mega double top support line ? right .... now we confirm on daily chart ,that its not a FALSE break,,so support becomes ress .. we will now have a steady retrace to that mega support line to test and confirm its now ress ... then a huge drop to 0.77 ...i hope you talked about the aud/usd..thats i talked about
i mean this...
Attached Image
  • #225,537
  • May 20, 2010 3:04am May 20, 2010 3:04am
As long as hourly bear wedge UTL holds then we are going no where except down.....This line has held for the last several days and traders are doing a rinse and wash each time...
Traderdesk -
  • #225,538
  • May 20, 2010 3:04am May 20, 2010 3:04am
ill try one more short 131.35 for brak of 130
  • #225,539
  • May 20, 2010 3:07am May 20, 2010 3:07am
Quoting Clouds
ill try one more short 131.35 for brak of 130
Dangerous Short///IMO... Move could be Fast and Furious... Careful

May be I am saying this cause I am on the otherside.....Targettin Daily GANN...If not 50 ema...
Markets are not Random, they are designed!
  • #225,540
  • May 20, 2010 3:13am May 20, 2010 3:13am
Quoting Clouds
i mean this...
Attachment
try look at this one... 0.85 mega supp... retrace back to 0.85 with a possible spike to 0.87 to confirm as ress and then drop to 0.77
Attached Image (click to enlarge)
Click to Enlarge Name: audusd double top.jpg Size: 92 KB
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