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

  • #225,841
  • May 22, 2010 2:58pm May 22, 2010 2:58pm
Quoting charron
Fullhouse,

Care to explain why to 137.40?
And that begs the next question... why 123.80?
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,842
  • May 22, 2010 7:13pm May 22, 2010 7:13pm
I would like to see this pair trade around 110 for a while, might be good for everyone.
  • #225,843
  • May 22, 2010 7:36pm May 22, 2010 7:36pm
Quoting profxtrader
I'm all for profits, but I'm just targeting the lows again. I like my profits, but call me anti-global economy collapse. That said, if it breaks it... I'll ride the GBP into oblivion. I buy physical gold with profits. At least I can trade it for food at some point. See? Once a trader, always a trader.
hey pro in that post Armageddon scenario you imagine a chicken will cost an oz. troy...he he...better save plenty. ;-)
  • #225,844
  • May 22, 2010 8:05pm May 22, 2010 8:05pm
did any one understand this ? I think what he says is we buy and sell every pair and we are ok ? lol

GU seems 1,4500 breaks to upside this week has been accumualtion we head to 1.4800 / 1.5000 test . It is on a 30 year support level so pretty hard to trade and pair may be very rangey .


audusd weekly is way more interesting and we are coming off a massive treble top . I would like to see a retrace to 8500 and then look for any signs of weakness in this zine.

Mostly i have been trading es as it suits me abit better and seems somewhat more predicatable than fx right now.

Quoting fullhouse
here is my 5 psirs i will be watching and possible enter all of them ,if they play according to my charts i posted..

gbp/jpy is actually my least favourite pair for next week. (we are running at extreme levels now) watch for daily spikes all week retesting the lows.. but we have a confluence area @ 131.70/132 ,where i might sell for a possible double bottom,but aint not target lower than that...thats all what i can see on gbp/jpy right now..

gbp/usd ---- nice setup on that one --all over this week we have buy's and sells' quiet obv levels and...
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  • #225,845
  • Edited 11:10pm May 22, 2010 10:47pm | Edited 11:10pm
Quoting malcolmb14
did any one understand this ? I think what he says is we buy and sell every pair and we are ok ? lol

GU seems 1,4500 breaks to upside this week has been accumualtion we head to 1.4800 / 1.5000 test . It is on a 30 year support level so pretty hard to trade and pair may be very rangey .


audusd weekly is way more interesting and we are coming off a massive treble top . I would like to see a retrace to 8500 and then look for any signs of weakness in this zine.

Mostly i have been trading es as it suits...
,,,

You think it will retest last Support? at 0.8575...50% retrace from 0.9080..( AUD/ USD)...

I DONT THINK THERE WILL BE ANY RETRACE IF ANY 0.8453...38% ONLY...

Dont get IT caught between your fly.... This Thing should Go down in a Straight line.......Wave C...it is....(Weekly / Daily)

See you at 0.6666...

S/L at B.E (0.9300)
Markets are not Random, they are designed!
  • #225,846
  • May 23, 2010 12:54am May 23, 2010 12:54am
Quoting fullhouse
here is my 5 psirs i will be watching and possible enter all of them ,if they play according to my charts i posted..

gbp/jpy is actually my least favourite pair for next week. (we are running at extreme levels now) watch for daily spikes all week retesting the lows.. but we have a confluence area @ 131.70/132 ,where i might sell for a possible double bottom,but aint not target lower than that...thats all what i can see on gbp/jpy right now..
I wonder why. Chart looks bullish to me.
If we get a 4 hour close above 130.55 then there are an easy 220 pips waiting for you, and who knows, if it can get past 132.80, we might see 134.80.
That is 400+ pips I see as a possibility next week.
Isn't it time for a decent retrace before we get a new low?
Ultimately I see a double bottom @ 118.80, but I think that can take a while.
Just look on the weekly chart for the time between a low and a new lower low, it can take a few weeks before we have a new lower low.
Comments welcome, it is just my opinion at the moment but we'll see soon enough.
Wish everyone good trading coming week.
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  • #225,847
  • May 23, 2010 2:05am May 23, 2010 2:05am
hello everyone

i want to ask about expected gap for Gbp/Jpy this week in 24 may 2010

thanks ,
  • #225,848
  • May 23, 2010 2:35am May 23, 2010 2:35am
Quoting malcolmb14
did any one understand this ? I think what he says is we buy and sell every pair and we are ok ? lol

GU seems 1,4500 breaks to upside this week has been accumualtion we head to 1.4800 / 1.5000 test . It is on a 30 year support level so pretty hard to trade and pair may be very rangey .


audusd weekly is way more interesting and we are coming off a massive treble top . I would like to see a retrace to 8500 and then look for any signs of weakness in this zine.

Mostly i have been trading es as it suits me abit better and seems somewhat more...

i dont know what do you mean...."buy and sell every pair and we are ok" ?huh?

pls explain...but here it goes..

gbp/usd key ress isright at 1.45 ,daily close above that ,,we test high's...if we dont break it str8 on opening and we drop ,then i would buy at 1.4250 ,,but yeah we are at the bottom and heading up...

BTW. did you see that confluence area ? . a possible pause at taht level

gbp/jpy ..its time for a deep pullback ..why is this my least fav. pair ,,its because we are right at a medium term bottom and we can see all week daily spikes testing the lows or just spike below the low's....look for double bottom maybe...

ok the aud/jpy ...we break that 12 month supp line in a day ,and we have a min bounce on 4 hour on that supp line,and we went str8 through ??? do you think thats for real...NO ,,ITS MOST LIKELY A FALSE BREAK . BUT we will see ..i wont bet on that break and trying to short it at major supp/ress level at 76.. so thats why im still saying up to 82 ..gbp/jpy most probably 137-140 ...but still messy
  • #225,849
  • May 23, 2010 3:02am May 23, 2010 3:02am
here is my daily chart ... the mega supp line at 139 is now gone ... we had a false break earlier in Q2 ,but the thrust daily candle 2 weeks ago on that friday confirm the real break below supp 139 .... so i dont think we will go any way higher than that 139 ,,and if we do,,then we can say good bye with bears and bulls have total control...this is only a bigger picture... but i have 123.80 from last year as an untested support level,and its the only one left ,and i do pretty much like 137.40 ...we break 137 supp level,without coming back to test ? some here mention here ,,still unfinished business left at that level ? i agree

or we can have a crash like 2008 and it went str8 through everything 125/120/118 /100 ,and if we dont ,,then its time for a retracement ,i think ,,but we gonna have to PAUSE first on daily/weekly chart
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  • #225,850
  • May 23, 2010 7:50am May 23, 2010 7:50am
Hi Guys,

Came across the easy trend visualizer, installed it on MT4 any idea how it works or how good it is ?

thanks in advance
  • #225,851
  • May 23, 2010 7:55am May 23, 2010 7:55am
Quoting shanem
Hi Guys,

Came across the easy trend visualizer, installed it on MT4 any idea how it works or how good it is ?

thanks in advance
From what I just read it's based on 3 standard ADX readings with 3 different lengths. I know some people make $ with lagging indicators, but who actually needs an indicator to show you that price is going up or down? If it's going up... you'll have it starting in the lower left of your screen and ending in the upper right, the opposite would be true for going down.
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,852
  • May 23, 2010 8:01am May 23, 2010 8:01am
Quoting fullhouse
or we can have a crash like 2008 and it went str8 through everything 125/120/118 /100 ,and if we dont ,,then its time for a retracement ,i think ,,but we gonna have to PAUSE first on daily/weekly chart
Look at the weeklies for pretty much any given currency vs the USD or JPY. It's VERY reminiscent of mid-late 2008. It may not be, but if it is... hold onto your panties. It's gonna be fun!
Every time you use 'hopium' in a post, God kills a kitten.
  • #225,853
  • May 23, 2010 8:10am May 23, 2010 8:10am
Quoting majdalawi84
hello everyone

i want to ask about expected gap for Gbp/Jpy this week in 24 may 2010

thanks ,
Expected GAP according to my extensive research will be around plus or minus 1 pip. I would really take full advantage of this if I was you.
But fortunately I am not you.
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  • #225,854
  • May 23, 2010 9:16am May 23, 2010 9:16am
Quoting fullhouse
i dont know what do you mean...."buy and sell every pair and we are ok" ?huh?

pls explain...but here it goes..

gbp/usd key ress isright at 1.45 ,daily close above that ,,we test high's...if we dont break it str8 on opening and we drop ,then i would buy at 1.4250 ,,but yeah we are at the bottom and heading up...

BTW. did you see that confluence area ? . a possible pause at taht level

gbp/jpy ..its time for a deep pullback ..why is this my least fav. pair ,,its because we are right at a medium term bottom and we can see all week daily...
us indexes took a beating last week , if they retrace some we could well see a rise in gj to 135 ish

130.30 is support on the weekly and as you said both gu and gj are going to be hard to play as they are on strong support levels.

here is weekly gj ... some form of retrace ..not really sure where to then next leg down will be into 125 to 120

es i am thinking we may see a little retrace but as long as 1125 holds we see 950

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  • #225,855
  • May 23, 2010 9:34am May 23, 2010 9:34am
Quoting malcolmb14
us indexes took a beating last week , if they retrace some we could well see a rise in gj to 135 ish
Totally agree after 4 hour close above 130.5ish. From there: easy pips.
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  • #225,856
  • May 23, 2010 10:38am May 23, 2010 10:38am
Quoting profxtrader
Look at the weeklies for pretty much any given currency vs the USD or JPY. It's VERY reminiscent of mid-late 2008. It may not be, but if it is... hold onto your panties. It's gonna be fun!
Everything to me looks like going down also 08 style or worse. I am sure there will be some wild bounces so I am going to be looking for 200 or 300 pips tp off of the big drops and possibly ride some of the big bounces up for 50 or 70 pips.
  • #225,857
  • May 23, 2010 10:49am May 23, 2010 10:49am
Quoting KillerWhale
Totally agree after 4 hour close above 130.5ish. From there: easy pips.
killer..if we get a 4hour close above 130.50, then we will only jump upto 132.80 (with a spike above to confirm bullish) ,,then we will come back to form the right shoulder and ABC correction to B low ... then after that,its easy pips to 137.40 (my personal) top ,or end of wave C..
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  • #225,858
  • May 23, 2010 11:03am May 23, 2010 11:03am
Quoting KillerWhale
Totally agree after 4 hour close above 130.5ish. From there: easy pips.
Watch the USD/CAD when it reaches near 1.0450 area sell the living day lights out of the GBP/JPY & GBP/USD I base this on the fact that the USD/CAD is in a perfect TEXT BOOK wave count & we are just at the begining of the move, I played them against each other all last week & it worked like a charm. Just trying to help people see it clearly. Flip the cad chart upside down & you will see what im talking about
  • #225,859
  • May 23, 2010 11:16am May 23, 2010 11:16am
Quoting Cod
Everything to me looks like going down also 08 style or worse. I am sure there will be some wild bounces so I am going to be looking for 200 or 300 pips tp off of the big drops and possibly ride some of the big bounces up for 50 or 70 pips.
lolz, not 08 style, and not worse.

For now it looks bullish, so just wait and see.

Lower lows............ later this week
maybe ......... or maybe not????????????????
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  • #225,860
  • May 23, 2010 11:30am May 23, 2010 11:30am
Quoting Allseeingeye
Watch the USD/CAD when it reaches near 1.0450 area sell the living day lights out of the GBP/JPY & GBP/USD I base this on the fact that the USD/CAD is in a perfect TEXT BOOK wave count & we are just at the begining of the move, I played them against each other all last week & it worked like a charm. Just trying to help people see it clearly. Flip the cad chart upside down & you will see what im talking about
here are 2 pics in USD/CAD we have completed wave 3 of 3 so we are presently retracing wave 4 of 3 then we have wave 5 of 3 up before we retrace wave 4 back down to the double top area & then we start wave 5
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