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

  • #227,561
  • Jun 11, 2010 7:57am Jun 11, 2010 7:57am
Quoting ukdaytrader
Don't get too excited guys. If GY clears 133.5, then maybe it's the start of something more sustained, but atm this should only be seen as a weak long shakeout IMO.
UKDayTrader, Good to have you back in the midst. I have to say - everyone has been tripping over themselves about longs on this beast, so I'm feeling OK about my short strategy. We just dumped down to 133 & falling. US retails sales absolutely abysmal, along with bad UK news. Here we come back down to earth, to 130 and less. Pound weakness is back in play, I will assume in a big way.
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  • #227,562
  • Jun 11, 2010 7:59am Jun 11, 2010 7:59am
I suppose with this momentum, we're going to see what we've been anticipating all this while?
Read the entire market, money is made on the main trend not the fluctuation
  • #227,563
  • Jun 11, 2010 8:05am Jun 11, 2010 8:05am
Quoting uncletrumpet
All of them are smiling downwards
Masha' Allah good work Uncle
  • #227,564
  • Jun 11, 2010 8:09am Jun 11, 2010 8:09am
Looking for support from 131.7 to 132 with this news but I am still bullish for next week...This is a news spike and once the market looks into the numbers further then we should see a spike back up. looking for a close above 135 to validate this bull run by Tuesday...
Traderdesk -
  • #227,565
  • Jun 11, 2010 8:29am Jun 11, 2010 8:29am
132.77 is a good place to go long. It's the 50% of the move from 130.40. I see this as a typical 50% retracement if 132.77 holds. We'll resume the uptrend towards 136 and 137.50 and higher in the coming weeks.
  • #227,566
  • Jun 11, 2010 8:35am Jun 11, 2010 8:35am
The yellow trendline is the key area I'm looking at. A daily close below 132 would put GJ in an extremely bearish mode with bear in complete control as a daily close below this level will have broken many strong supports such as the daily gann and the 4H gann. Otherwise, as long as this trendline holds, we can expect a bounce back up to the 4H 200ema once again.

As you can see, the previous bounce from this trendline is very strong, from 130.40 to 135.15. Another test of this trendline and I would expect another strong bounce up to at least 136.
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  • #227,567
  • Jun 11, 2010 8:48am Jun 11, 2010 8:48am
Quoting uncletrumpet
its going down has said
Congrats dude! went barely below ur target and now is going back for a correction im long from 132.70 to get a TP of 133.81
  • #227,568
  • Jun 11, 2010 8:51am Jun 11, 2010 8:51am
Quoting kourtney
Congrats dude! went barely below ur target and now is going back for a correction im long from 132.70 to get a TP of 133.81
awesome hunt Kourtney been so stressful week for you... good luck
  • #227,569
  • Jun 11, 2010 8:55am Jun 11, 2010 8:55am
I' am still long and added some to my existing longs.
  • #227,570
  • Jun 11, 2010 9:02am Jun 11, 2010 9:02am
we just completed wave 4.as for now im looking for continuation to complete wave 5 in white....at least 137
Gold Expedition Return This Year: -16.4%
  • #227,571
  • Jun 11, 2010 9:07am Jun 11, 2010 9:07am
Waiting for new setup [email protected]. Target 131.75 with tight sl.
New high i go for long for 140
  • #227,572
  • Jun 11, 2010 9:16am Jun 11, 2010 9:16am
I will remind you later that the bears are back, We are still going down by at least 150 pips before the US session closes

Quoting honeybhi
I' am still long and added some to my existing longs.
  • #227,573
  • Edited 9:30am Jun 11, 2010 9:27am | Edited 9:30am
here chart
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Gold Expedition Return This Year: -16.4%
  • #227,574
  • Jun 11, 2010 9:36am Jun 11, 2010 9:36am
lol guys.. when you are going to learn ???

look your weekly, daily, 4H... the trend... as I said. 134.90 tehn a Pull back and up we go...

Do you think that yesterday DOW +270 was an accidently ? watch the PA and try to be more flexible..

Dont marry your SHORTS!

cheers!
  • #227,575
  • Jun 11, 2010 9:44am Jun 11, 2010 9:44am
As the saying goes: "There is not accident...it is designed that way"

Quoting Piters
lol guys.. when you are going to learn ???

look your weekly, daily, 4H... the trend... as I said. 134.90 tehn a Pull back and up we go...

Do you think that yesterday DOW +270 was an accidently ? watch the PA and try to be more flexible..

Dont marry your SHORTS!

cheers!
  • #227,576
  • Jun 11, 2010 9:48am Jun 11, 2010 9:48am
Looks like the weekly chart is turning into a bear flag. Oh joy.

So I suppose sentiment should be neutral, trades that make most sense are shorts from the top of the flag for less than 100 pips.
  • #227,577
  • Jun 11, 2010 9:49am Jun 11, 2010 9:49am
Quoting uncletrumpet
I will remind you later that the bears are back, We are still going down by at least 150 pips before the US session closes
Bro even if it dips I' am buying more into 136-137 area and maybe even higher.Look at the daily which turned bullish.Price testing the broken resistance .
  • #227,578
  • Jun 11, 2010 9:51am Jun 11, 2010 9:51am
be careful..

specially if we close above 134.90 today.. that would move and shift the whole weekly chart.. with placed low at 130.40

when that's happen, the 144.90 is the target to test.. can we do it or not.. is up to the market, but not our Bids.. and levels..

cheers..
  • #227,579
  • Jun 11, 2010 10:07am Jun 11, 2010 10:07am
Piters price already retraced 50% of the last up move .Where do u think it may reverse ?Test of the broken trendline around 61.8 fibo ?

Thanks.
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  • #227,580
  • Jun 11, 2010 10:18am Jun 11, 2010 10:18am
They never learn bro.... !


Quoting Piters
lol guys.. when you are going to learn ???

look your weekly, daily, 4H... the trend... as I said. 134.90 tehn a Pull back and up we go...

Do you think that yesterday DOW +270 was an accidently ? watch the PA and try to be more flexible..

Dont marry your SHORTS!

cheers!
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