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

  • #228,241
  • Jun 23, 2010 10:07am Jun 23, 2010 10:07am
Traders, don't leave this thread. Come back to FF. You are valued greatly here. Don't let one person run you away.
Quoting Geppy
If people are moving to skype or somewhere else, please PM me with info too.

Thanks.
  • #228,242
  • Jun 23, 2010 10:27am Jun 23, 2010 10:27am
Quoting Piters
lets talk GBPJPY and GBPUSD !!

Bro...based on weekly EU, UJ and GU ....it is clear direction...

the major problem now is ...GJ...

p/s: Where is Q....still busy with his work or busy in " Thinking Room" ?

I will call Q after this !
  • #228,243
  • Jun 23, 2010 10:29am Jun 23, 2010 10:29am
Quoting PandoraBox
Bro...based on weekly EU, UJ and GU ....it is clear direction...

the major problem now is ...GJ...

p/s: Where is Q....still busy with his work or busy in " Thinking Room" ?

I will call Q after this !
yeah bro... he is "Smart"
  • #228,244
  • Jun 23, 2010 10:31am Jun 23, 2010 10:31am
Quoting PandoraBox
Bro...based on weekly EU, UJ and GU ....it is clear direction...

the major problem now is ...GJ...

p/s: Where is Q....still busy with his work or busy in " Thinking Room" ?

I will call Q after this !
Later night got FOCM big impact. I see is flat now. But expect more bad news for US. Should be drop. Cheer...
Yeah, i miss Q here...
  • #228,245
  • Jun 23, 2010 10:45am Jun 23, 2010 10:45am
Quoting Piters
YES mate..

US housing NEWS are very Bad.. plunge 33%;...
Thank you so much that was extremely helpful its made what i call a range expansion on my channel im expecting it to plunge pretty soon a huge one lets see...
  • #228,246
  • Jun 23, 2010 12:02pm Jun 23, 2010 12:02pm
Looks like the bad US news was bought by GYers down at 133.69; it was effectively a 50 pip drop and it's essentially recovered. But, is unable to get up past 50% of the London high. We might see a push to 38.2% of the fall to 134.48 just before the 2:15 EST NY news but I have to expect it will be sold into on what is further non-optimistic musings from the Feds: am looking for GY at 133.3/.2.

Am hoping for DOW to break through 10200 post-announcement and take the yen crosses down. Best bet again today has been CADJPY: 180+pips from London's high vs. GY's 120.
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  • #228,247
  • Jun 23, 2010 12:30pm Jun 23, 2010 12:30pm
Quoting Beljevina
Looks like the bad US news was bought by GYers down at 133.69; it was effectively a 50 pip drop and it's essentially recovered. But, is unable to get up past 50% of the London high. We might see a push to 38.2% of the fall to 134.48 just before the 2:15 EST NY news but I have to expect it will be sold into on what is further non-optimistic musings from the Feds: am looking for GY at 133.3/.2.

Am hoping for DOW to break through 10200 post-announcement and take the yen crosses down. Best bet again today has been CADJPY: 180+pips from London's high...
Well put, thanks for the insight!
  • #228,248
  • Jun 23, 2010 12:38pm Jun 23, 2010 12:38pm
Trading the FOMC day.. always is a Gamble... regardless any previous NEWS.. good or Bad one.

Today is not exception ..
  • #228,249
  • Jun 23, 2010 1:24pm Jun 23, 2010 1:24pm
Quoting Piters
Trading the FOMC day.. always is a Gamble... regardless any previous NEWS.. good or Bad one.
Definitely a tough trade that can jeopardize you at the best of times.

No surprises in the news, other than some word tweaking. Am short from 134.5 and will watch GJ PA as it's up to US equities on how they will react - the next 10-20 minutes are crucial IMHO; DOW dipped to 10280, rebounded and looks to be heading lower. Bonds should be up and that might imply further equity losses. Will look to take 50% profits @ 134.0. Yen should gain ground as we go into the afternoon.
  • #228,250
  • Jun 23, 2010 1:29pm Jun 23, 2010 1:29pm
Quoting Beljevina
Definitely a tough trade that can jeopardize you at the best of times.

No surprises in the news, other than some word tweaking. Am short from 134.5 and will watch GJ PA as it's up to US equities on how they will react - the next 10-20 minutes are crucial IMHO; DOW dipped to 10280, rebounded and looks to be heading lower. Bonds should be up and that might imply further equity losses. Will look to take 50% profits @ 134.0. Yen should gain ground as we go into the afternoon.
yup.. keep an eye on UY daily.. just hit 89.70.. if we break.. then.. we go down big time..
still.. i would say.. as long cable is under fire.. (possible eying 1.52..- Fe161] then for me less likely we are goin gto see a drop from here.. to be more clear:

1. UY has to break 89.70
2. we have to see cable reversing..
3. S&P500 testing NL at 1040

everything else is a joke.. range.. untill we break.. any side..
  • #228,251
  • Jun 23, 2010 1:38pm Jun 23, 2010 1:38pm
Wow, what a difference 3 minute makes - that's what it took for most of the yen crosses to bump from the bottom up 50 pips. Looks like massive defensive buying of the bottom. A bull trap IMHO but am out BE of my remaining shorts. If the DOW & S&P close out like this, tomorrow should be an up day. Welcome to manipulation overdrive.
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  • #228,252
  • Jun 23, 2010 3:39pm Jun 23, 2010 3:39pm
134 has been holding. It'll only be a matter of time before this pair flies up again. It could range like for another week before making its move. I'm still holding on to long from 134, targeting 137 and 138, waiting patiently for the big bull run. So far every single daily close over the last few days has indicated bullishness so I'm sticking to my longs.
  • #228,253
  • Jun 23, 2010 3:49pm Jun 23, 2010 3:49pm
Are you sure about that? Now, disclaimer before I go further... I do have a bearish bias but let me try and give my reasoning:

136 used to serve as strong resistance... now its 135 we can't pierce and even more frequently 134.50 is proving strong resistance. Last night we took a trip to 133 quite easily. Through this alone it seems like the path of least resistance is down. Unfortunately, there is hesitation on both ends right now... hence the range.

However, it would be ignorant to negate the fact we've been making lower lows and lower highs within this range. To me, that's a bearish bias and call for a bull until at least 136 is convincingly broken is purely praying.



Quoting Pipsqueak
134 has been holding. It'll only be a matter of time before this pair flies up again. It could range like for another week before making its move. I'm still holding on to long from 134, targeting 137 and 138, waiting patiently for the big bull run. So far every single daily close over the last few days has indicated bullishness so I'm sticking to my longs.
check out my blog: forexmademillionaire dot com
  • #228,254
  • Jun 23, 2010 3:59pm Jun 23, 2010 3:59pm
Quoting Pipsqueak
134 has been holding. targeting 137 and 138, waiting patiently for the big bull run. So far every single daily close over the last few days has indicated bullishness so I'm sticking to my longs.
I agree with you I see that price play in long area as long above 133.72

at 135.06 if we will not have short retrace then it will be visited again after hitting the roof top of 135.80s.
but dont decide yet on big bull run before we break the range that we stuck into for 8 days! price floating between the big runs ways of bears and bulls none of them hunted it yet.
but looking at the weekly chart there a big chance for bulls to handle.

good luck for all
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  • #228,255
  • Jun 23, 2010 4:06pm Jun 23, 2010 4:06pm

Quoting Geppy
Are you sure about that?...
  • #228,256
  • Jun 23, 2010 4:19pm Jun 23, 2010 4:19pm
Quoting Geppy
136 used to serve as strong resistance... now its 135 we can't pierce and even more frequently 134.50 is proving strong resistance. Last night we took a trip to 133 quite easily. Through this alone it seems like the path of least resistance is down.
Exactly what I was trying to demonstrate a few posts ago: the 136 area ceiling has been fairly firm and consistent for weeks, while the lows have been far more variable and unpredictable. The bulls are going to have a tough time launching this puppy north. Bulls need EU and UJ to head north but I just don't see that happening yet. IMO there's greater likelihood of more bad news to throw the equity sessions south. I see GBPUSD up against some firm resistance not many pips away from potential trend reversal. If that happens, sterling could unanimously head south, along with other pairs - so far, much 'comparative' good news has failed to launch it northwards. My bias might change if we get a firm and lasting break & close into that mid-upper 136 zone.
  • #228,257
  • Jun 23, 2010 4:40pm Jun 23, 2010 4:40pm
"...If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate that there is a potential for more bearish price action to come, since price tends to follow trends. Conversely, if the current closing price is above the price of 26 periods ago, that would then indicate the possibility for more bullish price action to follow."

With today's close, the chikou span closed higher than price 26 periods ago, and suggest continuing the up trend started May 21. This coupled with the tenkin/kijun daily cross looks very similar to G/J on March 26. Either way, 131.560 will be strong support.
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  • #228,258
  • Jun 23, 2010 11:36pm Jun 23, 2010 11:36pm
The ratio of buyers to sellers for the GBPUSD is -1.27

This signifies that there are -1.27 sellers for every 1 buyer.

Retail positioning is a contrarian indicator so further upside is expected.
http://i260.photobucket.com/albums/i...20100623213614
  • #228,259
  • Jun 24, 2010 2:31am Jun 24, 2010 2:31am
Very strong Yen on London open - forging for a new 7 day high.

GY's hit the 134 floor with relatively high volume that might be stopping volume. Waiting for next bar on M15 to confirm, but my guess is it's not likely to hold: UJ still looking bearish and weak, and if yen strength remains, we're not done. Checking for GU's 1.493 to hold too.
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  • #228,260
  • Jun 24, 2010 2:50am Jun 24, 2010 2:50am
......having watched the UK emergency budget on Tuesday, I was left wondering if it had gone far enough considering the rhetoric which went before.
I don't think it will end up being bullish for Sterling, but that's just my own feeling.
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