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

  • #227,301
  • Jun 8, 2010 1:42pm Jun 8, 2010 1:42pm
Quoting Scrat
man you just can't help it can you. i was waiting for a test of london close to sell more...
same here looking for bounce on london close. Patient now.If miss it never mind. But Geppy eagerly wan candy already.
  • #227,302
  • Jun 8, 2010 1:43pm Jun 8, 2010 1:43pm
Well I have decide to keep my longs and hedge positions if PA goes below 130. So at these levels I am STILL long looking for 140.... I know - I know but I am bullish on USD/JPY and I see limited downside on that pair thus reflecting on my positioning on G/Y...

Now I would expect tomorrow for PA to hit 133+ level and by Thursday I am looking at 136...

So my game plan is to stay long at this moment... Break of 130 again is critical....
Traderdesk -
  • #227,303
  • Jun 8, 2010 1:44pm Jun 8, 2010 1:44pm
I thank God I got out just before the bounce up but I stole the rally again targeting 130.10

Quoting Scrat
i think we're done for now. going back up for a test.
  • #227,304
  • Jun 8, 2010 1:44pm Jun 8, 2010 1:44pm
I know I know... it was only a little dabble with plans to sell more if it goes higher. But I get like Livermore and I have to sell (or buy) until I feel at ease.

Quoting Scrat
man you just can't help it can you. i was waiting for a test of london close to sell more...
check out my blog: forexmademillionaire dot com
  • #227,305
  • Jun 8, 2010 1:49pm Jun 8, 2010 1:49pm
Quoting Traderdesk
Well I have decide to keep my longs and hedge positions if PA goes below 130. So at these levels I am STILL long looking for 140.... I know - I know but I am bullish on USD/JPY and I see limited downside on that pair thus reflecting on my positioning on G/Y...

Now I would expect tomorrow for PA to hit 133+ level and by Thursday I am looking at 136...

So my game plan is to stay long at this moment... Break of 130 again is critical....
136 may reach but [email protected] is hard to break. and as long Daily chart channel holds well , still can see the upside. If today break close below LTL, she going to play with bears if Daily Gann flip too.
Good luck
  • #227,306
  • Jun 8, 2010 1:50pm Jun 8, 2010 1:50pm
Quoting Geppy
I know I know... it was only a little dabble with plans to sell more if it goes higher. But I get like Livermore and I have to sell (or buy) until I feel at ease.
Well as long she going the right way, you still a winner
  • #227,307
  • Jun 8, 2010 2:08pm Jun 8, 2010 2:08pm
nothing is impossible. for this to happen, we need to see first a break of 131.90; then 132.30, 133.40 and after all that MAYBE it can hit 136something.

but before all this comes true, we need to see a support holding. where is it, do you see it? i don't... for now.

Quoting Traderdesk
Well I have decide to keep my longs and hedge positions if PA goes below 130. So at these levels I am STILL long looking for 140.... I know - I know but I am bullish on USD/JPY and I see limited downside on that pair thus reflecting on my positioning on G/Y...

Now I would expect tomorrow for PA to hit 133+ level and by Thursday I am looking at 136...

So my game plan is to stay long at this moment... Break of 130 again is critical....
Nihil Sine Deo.
  • #227,308
  • Jun 8, 2010 2:17pm Jun 8, 2010 2:17pm
Quoting Scrat
nothing is impossible. for this to happen, we need to see first a break of 131.90; then 132.30, 133.40 and after all that MAYBE it can hit 136something.

but before all this comes true, we need to see a support holding. where is it, do you see it? i don't... for now.
My chart [email protected] is broke, now i just want to see today can close below it. Then support is going to change to 129.13 according here.
  • #227,309
  • Edited 2:45pm Jun 8, 2010 2:31pm | Edited 2:45pm
Quoting Traderdesk
Well I have decide to keep my longs and hedge positions if PA goes below 130. So at these levels I am STILL long looking for 140.... I know - I know but I am bullish on USD/JPY and I see limited downside on that pair thus reflecting on my positioning on G/Y...

Now I would expect tomorrow for PA to hit 133+ level and by Thursday I am looking at 136...

So my game plan is to stay long at this moment... Break of 130 again is critical....
I took long @ 61.8% fib level 131 and bounce off LTL. Let's see where it is going to take me.

Update: if daily PA will close at this price or higher then it was clearly bounce off fib level, channel LTL, daily GANN. if PA will close below 130 than I will reconsider my position.
Do not follow my trades. Trade what you see on your own charts.
  • #227,310
  • Jun 8, 2010 2:44pm Jun 8, 2010 2:44pm
I might be wrong but I see the current bounce as good opt to sell because weakness is still there and nothing is done to improve the market to be bullish
  • #227,311
  • Jun 8, 2010 2:46pm Jun 8, 2010 2:46pm
Quoting Scrat
nothing is impossible. for this to happen, we need to see first a break of 131.90; then 132.30, 133.40 and after all that MAYBE it can hit 136something.

but before all this comes true, we need to see a support holding. where is it, do you see it? i don't... for now.
If we pass..132.72 then target 135 - 135.37...From there 128.56- 128.46....

It was very predictable to get to 130.50...I had mentioned that Last Friday for analysis...we should go UP to NFP..prices to fill the Gap...This week was a Gap filling WEEK...

You can see a Clear HEAD AND SHOULDER AT 133.40 neckline...15m CHART..THIS ONE SHOULD PLAY OUT...133.80 is again a Barrier.
Markets are not Random, they are designed!
  • #227,312
  • Jun 8, 2010 3:14pm Jun 8, 2010 3:14pm
This pair is dying a slow death. The highest it could go is up to 132.50 to retest the hourly ema50 again but price is still below the wpp, dpp, hourly ema50 and ema200. Sell all rallies until the large drop comes. Most likely it will come in a couple of days. It's looking like price will reject and close above the daily gann once again. This means we will see more chops. Bears do not have full control. Maybe once Thursday come around, there will be enough volume to take this thing down to 127 area.
  • #227,313
  • Jun 8, 2010 3:16pm Jun 8, 2010 3:16pm
Quoting metlife777
I might be wrong but I see the current bounce as good opt to sell because weakness is still there and nothing is done to improve the market to be bullish
I'm still in sell rallies mode. This rally may get to 132.50 where it's a strong sell. Hourly 50ema has held up very strongly throughout this downtrend.
  • #227,314
  • Edited 3:34pm Jun 8, 2010 3:22pm | Edited 3:34pm
Hi Scrat,

Not one to argue, but would proffer that support may come in the form of the 129.XXX region/ascending yellow 88.6 fan.

Quoting Scrat
nothing is impossible. for this to happen, we need to see first a break of 131.90; then 132.30, 133.40 and after all that MAYBE it can hit 136something.

but before all this comes true, we need to see a support holding. where is it, do you see it? i don't... for now.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #227,315
  • Jun 8, 2010 3:33pm Jun 8, 2010 3:33pm
Of course, with Fitch again discussing the UK's dire debt to gdp ratio among AAA countries - it is actually the worst - and criticizing the austerity measures outlined so far by the UK as being, well, pathetic, this rebound in Sterling may not happen if the budget does not convince money that the UK is the place to be.

It would not surprise me to see Fitch downgrade the UK, if the UK does not tow the EuroLand line and allow Brussels first dibs on the UK budget... or any other commitment that EuroLand would like the UK to make to it.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #227,316
  • Jun 8, 2010 5:32pm Jun 8, 2010 5:32pm
Quoting Pipsqueak
This pair is dying a slow death. The highest it could go is up to 132.50 to retest the hourly ema50 again but price is still below the wpp, dpp, hourly ema50 and ema200. Sell all rallies until the large drop comes. Most likely it will come in a couple of days. It's looking like price will reject and close above the daily gann once again. This means we will see more chops. Bears do not have full control. Maybe once Thursday come around, there will be enough volume to take this thing down to 127 area.
That is pretty much what I see, I mean it could fly up some more but I see this pair taking a severe series of crashes that it never really recovers from.
  • #227,317
  • Jun 8, 2010 6:22pm Jun 8, 2010 6:22pm
Quoting 45Condor
Hi Scrat,

Not one to argue, but would proffer that support may come in the form of the 129.XXX region/ascending yellow 88.6 fan.
great chart amigo
  • #227,318
  • Jun 8, 2010 7:28pm Jun 8, 2010 7:28pm
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  • #227,319
  • Jun 8, 2010 8:24pm Jun 8, 2010 8:24pm
my wave c target.watch for bullish breakout at utl.goodluck all
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  • #227,320
  • Jun 8, 2010 8:35pm Jun 8, 2010 8:35pm
WHAT THE...

stopped me out long ..stopped me out shorting.............

O..I am angry.... Time to go for a Walk..... Come back after this 4 Hr CANDLE IS DONE....F****
Markets are not Random, they are designed!
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