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

  • #226,061
  • May 25, 2010 1:59am May 25, 2010 1:59am
Quoting karmostaji
Price is below Daily/4H/1H Gann, price is also below 4h/1h 50ema and 4h QQE is about to cross back down again, it looks bearish to me n we could retest 127 area again.
..
Read the entire market, money is made on the main trend not the fluctuation
  • #226,062
  • May 25, 2010 2:02am May 25, 2010 2:02am
Prices still close below daily 5 sma. Sentiments remain bearish. Target is still the same from last week. 125
Read the entire market, money is made on the main trend not the fluctuation
  • #226,063
  • May 25, 2010 2:04am May 25, 2010 2:04am
keep an eye on this eur/usd untested supp level,we might just have a silly bounce ..30 min divergance is coming in..it can be from 30 pip right through to 500 pip..i dont know ... and if you go to the weekly chart,you will see its the prev weekly low also .(2 weeks ago low)..
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  • #226,064
  • May 25, 2010 2:15am May 25, 2010 2:15am
Quoting uncletrumpet
I know that all these pairs would pass their average daily range for today. Just watch out all the timeframes are screaming bearishnesssssss

yeah ,i dont know whats coming.i chicken out and banked on GJ,and exit 70% on aud/jpy... focus on USd pairs for 2day..

im gonna try a long on gbp/usd somewhere between 1.4250 & 1.4297 ,stop below 1.4224 ,target 1.4720 ... eur/usd the same setup ...

jpy pairs ,got no clue ..but i do see a bottom on daily busy forming !! actually i do see a bottom forming 10 days ago,and we still trading down... so take that very light
  • #226,065
  • May 25, 2010 2:33am May 25, 2010 2:33am
Quoting grashid
look like both of us cannot have same view....market wll collapse -116 float atm and add one more at 129.212...

mmm
funny indeed
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #226,066
  • May 25, 2010 2:41am May 25, 2010 2:41am
Down we go
Trade what you see, not what you think.
  • #226,067
  • May 25, 2010 2:46am May 25, 2010 2:46am
I don't sense anything wrong in this down move. Volume are all healthy. Prices has not been able to close above daily 5 sma. prices tested Gann H4 for 2nd time and now heading down. I think we won't shoot down in a straight line to 118. But in a slow and steady manner..
Read the entire market, money is made on the main trend not the fluctuation
  • #226,068
  • May 25, 2010 2:48am May 25, 2010 2:48am
There is support at 128 level, I would like to see price break this level n then move down to 127
Trade what you see, not what you think.
  • #226,069
  • May 25, 2010 2:48am May 25, 2010 2:48am
Ok amigos now im going long to 129.60 before we keep diving
  • #226,070
  • May 25, 2010 2:48am May 25, 2010 2:48am
Quoting karmostaji
Down we go
What do you think about testing 120 (2009 low)
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #226,071
  • May 25, 2010 2:54am May 25, 2010 2:54am
Quoting DMA Trader
What do you think about testing 120 (2009 low)
If price breaks 127 strongly, then yeah 120 area is definitely possible. Based on QQE n Gann the sentiment is bearish to me.
Trade what you see, not what you think.
  • #226,072
  • May 25, 2010 2:55am May 25, 2010 2:55am
Quoting kourtney
Ok amigos now im going long to 129.60 before we keep diving
May I know why?
Read the entire market, money is made on the main trend not the fluctuation
  • #226,073
  • May 25, 2010 3:08am May 25, 2010 3:08am
can anyone teach how to using qqe ?
  • #226,074
  • May 25, 2010 3:29am May 25, 2010 3:29am
this is one of many scenario's that can play out ... the odds not in the favour but prev low still intact ..bears flag widen up a bit ..

so do watch it carefully... it can turn awfull when the gbp/usd start rising ,and then we back in consil mode
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  • #226,075
  • May 25, 2010 3:44am May 25, 2010 3:44am
Quoting Kofmaster
May I know why?
well in my charts the moving average is showing me a small correction to that area so will follow my strategy...we will see it way go lower soon but not in a straight line...so we did 300 pips down in a day if we have a correction of 150 wont be difficult in my opinion...of course i can be wrong but usually this pair correct around 40 to 60% of the initial trend in the opposite direction...
  • #226,076
  • May 25, 2010 3:50am May 25, 2010 3:50am
Quoting kourtney
well in my charts the movi9ng average is showing me a smal correction to that area so will follow my strategy...we will see it way lower soon but not in a straight line...so we did 300 pips down in a day if we have a correction of 150 wont be difficult in my opinion...of course i can be wrong but usually this pair correct around 40 to 60% of the initial trend in the opposite direction...
Hi Kourtney, I am here to learn, that's why I am asking this - Dow futures have been down about 200 points +/- 20 most of the night. Isn't it risky to go long?
  • #226,077
  • May 25, 2010 3:51am May 25, 2010 3:51am
Quoting FXjane
Hi Kourtney, I am here to learn, that's why I am asking this - Dow futures have been down about 200 points +/- 20 most of the night. Isn't it risky to go long?

he only play a small retrace that miight happen ..overall bearish still intact
  • #226,078
  • May 25, 2010 4:01am May 25, 2010 4:01am
Quoting FXjane
Hi Kourtney, I am here to learn, that's why I am asking this - Dow futures have been down about 200 points +/- 20 most of the night. Isn't it risky to go long?
Today is Monday=DJ will be up temperory and 128-128.80 could possible to reach...

however overall is bear...just becarefull...scalp hit n out should be ok for 2-3X with M5/M15

look like yesterday 131.20 area is the best set-up for 125 next...

good lcuk

g
  • #226,079
  • May 25, 2010 4:46am May 25, 2010 4:46am
While I'm overall mid-term & long term bearish on GY & GU, something's not right with today's down move in sterling. VSA suggests that the big boys didn't plan it this way; many of the recent week's lows have been bought and defended. If you've been trading GY since May 6, you'll note the swings & moves had been huge, and we have slowed immensely on that movement, ironically, in the light of major indices declines. To me, that shows a resistance for sterling to further declines. Yes, COT on sterling has never ever seen more shorters. Today's move on the yen crosses and coupling it with the war prospect of N. Korea doesn't make sense, as, the yen should be falling, not strengthening. Part of it is due to the multiple issues driving the yen crosses, ie., EURJPY @ an 8 yr low.

I'd have expected further bounces up to 131/133.5/134 before further declines, but with that recent 126.7 low being defended & further NY opening weakness, we may end up seeing a dip to the 125 area with a US NY open, and perhaps a bounce up on some BS news. (Timmy/China/Hilliary/???) The 128 area looks to be fairly good resistance here and previously. For those not in any new trades, waiting until NY seems best at this point, as it just seems GY & GU are wanting to build a bottom here. All my MYO of course.
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  • #226,080
  • May 25, 2010 5:31am May 25, 2010 5:31am
this move is against 99% of traders here,,but i want it to go actually to 130.50 ,so i can jump back in ... close below 127.70 ,,then 125,then 120 and so on .. ill kepp long gbp/usd until i see danger infront ...
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