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

  • #226,621
  • May 28, 2010 1:19am May 28, 2010 1:19am
Morning everyone... Here is some possibilities that I see for today's intraday PA. First off we are in a bull channel on the 15 minute chart that currently has a LTL at around 132.20 and rising... The UTL is around 134.15 and rising. So with this I would look at prices to follow this channel until the LTL is broken... Now once that happens the probability strongly increases that we will have a reversal down. How far? Well it depends on different factors like today being a Friday so as the day wears on traders from each respective trading zone will close out a portion of their bull positions for profit, momentum near S/R areas etc...

I am looking at buys around 131.80 and a stronger buy at 130.80... It is what I have already set into play... If PA goes higher then these levels will go slightly higher but if not then they stand
Traderdesk -
  • #226,622
  • May 28, 2010 1:44am May 28, 2010 1:44am
gold,audusd,gy n ey
  • #226,623
  • May 28, 2010 1:49am May 28, 2010 1:49am
Quoting grashid
gold,audusd,gy n ey

With ya. Bullish divergence on the Daily now played-out at 133.

Short GY @ 132.97. Stop not too far away......
  • #226,624
  • May 28, 2010 2:08am May 28, 2010 2:08am
Quoting ukdaytrader

With ya. Bullish divergence on the Daily now played-out at 133.

Short GY @ 132.97. Stop not too far away......
Short @ 133.15, no stop so far
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  • #226,625
  • May 28, 2010 2:09am May 28, 2010 2:09am
Quoting DMA Trader
looking to short the 133 level
done.

i want a daily close below 133.
memorial day is coming so we might get some whipsaw.

133 should be very strong resistance.
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  • #226,626
  • May 28, 2010 3:01am May 28, 2010 3:01am
133 will break IMO
Trade what you see, not what you think.
  • #226,627
  • May 28, 2010 3:16am May 28, 2010 3:16am
Quoting fullhouse
i will short from 133.00/10 ..to 130 into next week,,and reverse to long to 137.40 or ABC target,but it should get us to 137.40..but ultimate long is at 130 sometime next week

2morrow is all day bears 300 pips !

we have ONLY 2 untested levels ,,thats 133.10 for sell and 129.94 for a buy ,but we need to spike above 132.78 to confirm bullsih ..thats what im waiting for to confirm my entries ,,but either one who hit first ,i will take that shot..

oh 133.10 the untested hold it ?

next recent untested support that will bounce it ,will be 131.18,as i point out yesterday,,but ultimate untested supp we will soon see in next week is..129.95 ? whats an mega bounce at that level ,,so for now ,steady pace back to those supp levels,,,then next week wil wee see 137.40..
  • #226,628
  • Edited 4:02am May 28, 2010 3:48am | Edited 4:02am
That is one hell of a defense of 132.2 - failed to drop multiple times, with significant buyers surfacing this last round. Doesn't seem it's going to drop below, without some significant catalyst. And the yen is just not that strong. I think longs remain in play. I think we're seeing consolidation in this 132.2-133 range just like we did at 129-130.5, before a further rise - the big boy buyers would have it no other way IMHO. (The euro's up a cent in the last hour too. )
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  • #226,629
  • May 28, 2010 4:02am May 28, 2010 4:02am
Quoting Beljevina
That is one hell of a defense of 132.2 - failed to drop multiple times, with significant buyers surfacing this last round. Doesn't seem it's going to drop below, without some significant catalyst. And the yen is just not that strong. I think longs remain in play.

watch for 133.50 !! then work out your 161.8 from the low for an ABC,that will put us right to 137.40...if 133.10 dont hold,then 133.50 should hold it..but overall bulls still strong and out there

the divergance is coming strong in ,,so spike after spike after spike to just new highs ,until it collapse ,,but overall the best and safest sell is ,close under 132.20 ..and the aggresive sell's is at 133.10/133.45
  • #226,630
  • May 28, 2010 4:18am May 28, 2010 4:18am
good day gentlemens.
i`m gonna watch this tread as i think spring mood set me in love with beast
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i`m short at 133.10 will see how it plays out at 132.50
  • #226,631
  • May 28, 2010 4:27am May 28, 2010 4:27am
this is the play the next sessions ..if 130 hold then we might see 137.40 or 136/139 ..a chart from yesterday
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  • #226,632
  • May 28, 2010 4:36am May 28, 2010 4:36am
GBP/USD- hourly – Break above 1.4530 allowing for a limited recovery to 1.4714/83

 

  1. Yesterday’s break above the range top at 1.4530 is opening limited upside to the first T-junction at 1.4714/83 (int. 38.2 %/pivot).
  2. Only a break above the latter though would allow for a broader recovery to the next T-junction at 1.5241 (38.2 %).
  3. A break below hourly trend line support at 1.4464 and particularly at 1.4289 would on the other hand resume the downtrend towards 1.3504 (09 low).

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  • #226,633
  • May 28, 2010 5:01am May 28, 2010 5:01am
the price did break the the up trend line of the down channel on H4 and closed over it first target from this area is 134.25 then more up to 137 next week may be may be today not sure

http://img295.imageshack.us/img295/271/an5.gif
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  • #226,634
  • May 28, 2010 5:10am May 28, 2010 5:10am
Quoting sdsarmad
[b][font=arial][size=2][font=arial][b]gbp/usd-...
with looking to pairs correlations i think gbp /usd will go up and take with it his brother gbp / jpy after gbp / usd DID break 1.4507
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  • #226,635
  • May 28, 2010 5:14am May 28, 2010 5:14am
im on the sideline on gbp/jpy and dont take any action yet...but here is one of my favouites for a swing entry ...been ride it down from 0.9 and will start again from 0.8575 and if we pass it , add again at the real supp level of 0.8730/40 ..either one will stopped it,but not sure wich one,,

the very first target is 0.77, then 0.72

usd/cad might be the next swing entry..will post that one into next week,,need to see the monthly close first. (1.0210)

but overall gbp/jpy is still extrememly bearish and we have only a correction ... its a tough one for sure,,, soo many differant views in thie threat about it..from 134 upto 143 is the views ,wonder wich one?
my personal one is 136/137 & aud/jpy 80/82
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  • #226,636
  • May 28, 2010 5:21am May 28, 2010 5:21am
gj on uptrend chanel
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  • #226,637
  • May 28, 2010 5:34am May 28, 2010 5:34am
[quote=fullhouse;3759309]do you see the H&S on 4 hour ?? i dont knoiw if will go to left shouder height ? ..it close already below supp on 4 hour,,so a paraletic H&S with no right shoulder ... but my longs is all over placed at 1.02 level ..i wait for that

what r we going to do with eur/aud ... im going to buy at 1.4436 [quote]

raza ddi you catch this one ?? my entry was hit at 1.4436 and the low at 1.4434 ? jump up 150 pips ? ..i did not see it,but do see it now ...
  • #226,638
  • May 28, 2010 7:04am May 28, 2010 7:04am
1hr 50 ema crossed 200ema .Should be good for another 150-200 pips.So longs in play still.Don't think of shorts yet.
Rather buy on dips.
  • #226,639
  • May 28, 2010 7:06am May 28, 2010 7:06am
Well as expect there a good bearish wave coming, it will be better to enter bearish with breaking of the down trend!
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  • #226,640
  • May 28, 2010 7:08am May 28, 2010 7:08am
Quoting honeybhi
1hr 50 ema crossed 200ema .Should be good for another 150-200 pips.So longs in play still.Dont think of shorts now .
Quoting maanawi
Well as expect there a good bearish wave coming, it will be better to enter bearish with breaking of the down trend!
stay aside and wait than....
for now i`m in with another short 133,1 (just scalp)
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