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

  • #227,581
  • Jun 11, 2010 10:18am Jun 11, 2010 10:18am
Quoting honeybhi
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.
EURO session (Frankfurt closing); EU is being sold on thin volume..
end of week.. still even with very BAD news.. US equities, are still around the opening.. position...

Im waiting for London to close.. and then I'll make a decision.. if we go even lower (4h HiLO flip).. I close, but if we go UP I add more.... simple..

From what im seeing GBP and EUR are sold on EUR session closing.. Interesting to see where we close today.. (week)
  • #227,582
  • Jun 11, 2010 10:22am Jun 11, 2010 10:22am
we may complete wave 4.im looking for another long to complete wave 5 at least for 137 or higher before another fall.

my 2 cents........
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Gold Expedition Return This Year: -15.9%
  • #227,583
  • Jun 11, 2010 10:23am Jun 11, 2010 10:23am
Quoting Piters
EURO session (Frankfurt closing); EU is being sold on thin volume..
end of week.. still even with very BAD news.. US equities, are still around the opening.. position...

Im waiting for London to close.. and then I'll make a decision.. if we go even lower (4h HiLO flip).. I close, but if we go UP I add more.... simple..

From what im seeing GBP and EUR are sold on EUR session closing.. Interesting to see where we close today.. (week)
agree with u...
Gold Expedition Return This Year: -15.9%
  • #227,584
  • Jun 11, 2010 10:53am Jun 11, 2010 10:53am
Quoting Beljevina
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.
Looks like the 132.7 low will hold, now that London has packed up. Pound weakness over for the day. The retest downwards held, and I am long from 132.9. Waiting to see test of downtrendline around 133.3ish, but it would seem bullishness or at least lack of negativity will prevail for NY's equity trading session. S&P has rebounded, and am awaiting a possible return to 134.2, although the TL from 130.5 has to be get PA up over it's 134 barrier. Staying flexible.
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  • #227,585
  • Jun 11, 2010 11:00am Jun 11, 2010 11:00am
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!
FYI, few additional charts. I still have my longs and looking for bullish TPs unless PA closes lower than 131.50
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Do not follow my trades. Trade what you see on your own charts.
  • #227,586
  • Jun 11, 2010 11:31am Jun 11, 2010 11:31am
adding longs if it reverses at 132.653
  • #227,587
  • Jun 11, 2010 11:49am Jun 11, 2010 11:49am
How are your longs doing?

Quoting honeybhi
I' am still long and added some to my existing longs.
  • #227,588
  • Jun 11, 2010 12:01pm Jun 11, 2010 12:01pm
Quoting plucker01
adding longs if it reverses at 132.653
I'm finding the PA very indeterminate. Most other yen pairs are doing OK except for GBP & EUR, both testing earlier lows, with sterling still being the weakest. IMO this type GY PA leads to lower lows from here, as we've seen on GU ~15 min ago. I erred before when I said sterling weakness is gone. If the S&P dumps from here, so too will GY. It's not inconceivable that risk aversion and weekend jitters take centre stage. Let's see.
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  • #227,589
  • Jun 11, 2010 12:04pm Jun 11, 2010 12:04pm
Quoting Piters
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..
@ Piters my analysis is saying that too hey... just want to know how far it will fall down just to control my margin...
  • #227,590
  • Jun 11, 2010 12:06pm Jun 11, 2010 12:06pm
if indeterminedness means jumps around like a bag of wet cats then yes, this is indeterminedness

:>
  • #227,591
  • Jun 11, 2010 12:33pm Jun 11, 2010 12:33pm
Quoting Beljevina
I'm finding the PA very indeterminate. Most other yen pairs are doing OK except for GBP & EUR, both testing earlier lows, with sterling still being the weakest. IMO this type GY PA leads to lower lows from here, as we've seen on GU ~15 min ago. I erred before when I said sterling weakness is gone. If the S&P dumps from here, so too will GY. It's not inconceivable that risk aversion and weekend jitters take centre stage. Let's see.
Range today and Sunday..133.80 being solid resistence..

Now G/J has a Play between 132.60- 134.60 WEDGE ..ON 1 hr... soon to develop.

Preferred scenario ATM and till Tuesday next week UP ....
Markets are not Random, they are designed!
  • #227,592
  • Jun 11, 2010 12:50pm Jun 11, 2010 12:50pm
Quoting Raza
Range today and Sunday..133.80 being solid resistence..

Now G/J has a Play between 132.60- 134.60 WEDGE ..ON 1 hr... soon to develop.

Preferred scenario ATM and till Tuesday next week UP ....
Bear doing well today, bro
  • #227,593
  • Jun 11, 2010 12:51pm Jun 11, 2010 12:51pm
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!
if you think bulls is safe to play,then you sit the pot completely miss.. you trying to piss against the wind if you try target higher than 139 .

if i had too choose between longs or shorts ,ill def. choose any day,anytime,at any price, and short it right now with a 500 pip stop ,and ill be more safer than any long at any price.. we are still extremely bearish until monthly close above 139 .you only play dips in the bear trend.

fair enough ,im myself went long at 130.80 and closed it down a while ago.. and will only short when we hit 137/139..otherwise me outta of this pair..

enjoy the spikes...


btw..shakira is a hottie
  • #227,594
  • Jun 11, 2010 1:00pm Jun 11, 2010 1:00pm
Closing all my pos here.
  • #227,595
  • Jun 11, 2010 1:03pm Jun 11, 2010 1:03pm
Quoting special0nefx
Bear doing well today, bro
Not a Good time to stay short....IMO... there should be some correction/ Consolidation...IMO...usual for Sundays PA...
Markets are not Random, they are designed!
  • #227,596
  • Jun 11, 2010 1:11pm Jun 11, 2010 1:11pm
until we get a weekly close below last monthly close (132.63), price action is not extremely bearish. today we just tested this level... let's see how they close this week.
Nihil Sine Deo.
  • #227,597
  • Jun 11, 2010 1:11pm Jun 11, 2010 1:11pm
Quoting Raza
Not a Good time to stay short....IMO... there should be some correction/ Consolidation...IMO...usual for Sundays PA...
Close short position already, ya is consolidation like you say around 132.60 - 134.00 . Stay aside 1st, see how US session close, and H4 is flip already and 5EMA become hold as resistant now.
But i see will have a good setup for [email protected] and [email protected], still long way to go.
  • #227,598
  • Jun 11, 2010 1:12pm Jun 11, 2010 1:12pm
Quoting uncletrumpet
How are your longs doing?
My longs did work out good and made more than my weekly target.Just taking profit and not leaving any trade over the weekend.Moreover i got my exams starting from monday ,so closing all my pos.See u after 26th.Daily indeed is still bullish as long as it stays above 5 sma and gann.Good luck with ur trades.
  • #227,599
  • Jun 11, 2010 1:17pm Jun 11, 2010 1:17pm
Quoting honeybhi
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.
hi
honey bhi know who i am???
  • #227,600
  • Jun 11, 2010 1:19pm Jun 11, 2010 1:19pm
Be careful with long guys. The MACD has crossed down on the 3HR chart(OANDA). 15m showing a possible retracement to at least 133.55-60 if price stays above 132.88. However, trading has slowed down as it is Friday.

Good luck all!!!
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