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

  • #228,261
  • Jun 24, 2010 2:53am Jun 24, 2010 2:53am
Geppy is reaching a major fib, and UJ a nice confluence.

If UJ breaks through, Geppy may head further south.

Interested to see what happens with the S&P today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 42 KB
Click to Enlarge Name: geppy.gif Size: 41 KB
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  • #228,262
  • Jun 24, 2010 3:53am Jun 24, 2010 3:53am
Looks like some serious tanking is about to Happen....

Or some really dirty Trick///
Markets are not Random, they are designed!
  • #228,263
  • Jun 24, 2010 3:58am Jun 24, 2010 3:58am
Quoting Raza
Looks like some serious tanking is about to Happen....

Or some really dirty Trick///
...possible positioning for US news.
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  • #228,264
  • Jun 24, 2010 4:01am Jun 24, 2010 4:01am
UJ approaching unbreakable support at about 88-89 area. I expect UJ to make one last push down to the daily trendline at about 89 and bounce back up to the 91 area. Strong pound will continue towards 1.5050. This should finally get GJ flying. GU and UJ have been moving in opposite directions so we get this kind of price action. But I think UJ will reverse its direction before GU does. 133.70 should be a great place to buy GJ. This daily trendline support has been holding very strong.
  • #228,265
  • Jun 24, 2010 4:05am Jun 24, 2010 4:05am
Quoting 45Condor
...possible positioning for US news.
If down minum,, 132,,if this Breaks straight to 128xx...IMO

Above 134.53...Bullish Again...
Markets are not Random, they are designed!
  • #228,266
  • Jun 24, 2010 4:15am Jun 24, 2010 4:15am
Quoting Raza
If down minum,, 132,,if this Breaks straight to 128xx...IMO
As per this post: http://www.forexfactory.com/showpost...stcount=228269

If Geppy can break south of the green standard fib at 133.872, and push further through the ascending yellow 88.6 fan, then yes, I see 129.XXX in sight. However, I feel that this will require the assistance of UJ breaking through some tough standard fib confluence, a weaking of S&P, and Cable to give up the fight to break the 1.50 region.

I was hoping for fullhouse's argument to support the assertion that UJ would drop to as low as 87/86, but it has yet to be presented. I do not rule this out as this would represent a FE point on the UJ chart submitted earlier... but I think it will be hard pressed to reach this level. That said, forex can be surprisingly, well, surprising.
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  • #228,267
  • Jun 24, 2010 4:26am Jun 24, 2010 4:26am
Quoting Raza
If down minum,, 132,,if this Breaks straight to 128xx...IMO

Above 134.53...Bullish Again...
I short dragon since yesterday (took some profit from 135.20 at 133.90) now have some short from 134.80 and just add more at 134.25 (fibo 61.80 of 134.60-133.75),(will add more short at day pivot if dragon go there) i will keep this position if price stay below weekly pivot.Good luck to all.
Trade with the momentum
  • #228,268
  • Jun 24, 2010 4:30am Jun 24, 2010 4:30am
Quoting sailor68
I short dragon since yesterday (took some profit from 135.20 at 133.90) now have some short from 134.80 and just add more at 134.25 (fibo 61.80 of 134.60-133.75),(will add more short at day pivot if dragon go there) i will keep this position if price stay below weekly pivot.Good luck to all.
Last short for dragon add to my position at 134.40....
Trade with the momentum
  • #228,269
  • Jun 24, 2010 4:54am Jun 24, 2010 4:54am
I notice that a reply that I made yesterday is now in an extracted post. It was neither derogatory towards anyone, nor contained any profanity. Admittedly, it contained some French... does FF have a policy of only retaining posts made in English?
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  • #228,270
  • Jun 24, 2010 5:42am Jun 24, 2010 5:42am
Okay, I’m done for the morning. In my little part of the world there is not a cloud in the sky, the mercury is inching ever closer to 30C, and I’m sure the birds are asking me what the hell I am doing staring at charts as opposed to taking a long lunch in the garden.

Should French not be a banned language, then to Qwertymyfx, I say, ‘Tout vient à point à celui qui sait attendre’.
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  • #228,271
  • Jun 24, 2010 6:12am Jun 24, 2010 6:12am
Quoting 45Condor
As per this post: http://www.forexfactory.com/showpost...stcount=228269

If Geppy can break south of the green standard fib at 133.872, and push further through the ascending yellow 88.6 fan, then yes, I see 129.XXX in sight. However, I feel that this will require the assistance of UJ breaking through some tough standard fib confluence, a weaking of S&P, and Cable to give up the fight to break the 1.50 region.

I was hoping for fullhouse's argument to support the assertion that UJ would drop to as low as 87/86, but it has...
I wonder whether the support at 133-133.10 will present a significant problem. It is moving but not as smoothlly as it often does so may have trouble getting past that support.
  • #228,272
  • Jun 24, 2010 6:39am Jun 24, 2010 6:39am
Quoting 45Condor
I notice that a reply that I made yesterday is now in an extracted post. It was neither derogatory towards anyone, nor contained any profanity. Admittedly, it contained some French... does FF have a policy of only retaining posts made in English?
nop at all.. some posts were reported for cleaning.. so.. yours took the place there as well.. (probably by mistake..)

cheers!
  • #228,273
  • Jun 24, 2010 9:00am Jun 24, 2010 9:00am
Quoting Piters
nop at all.. some posts were reported for cleaning.. so.. yours took the place there as well.. (probably by mistake..)

cheers!
I know I have been called dirt before, but...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #228,274
  • Jun 24, 2010 9:25am Jun 24, 2010 9:25am
Gonna make the call here, Dudes and Dudettes. This is shaping up to be one of those weeks that smells of a range untill we hit Thursday night and I will not rule out a huge selloff on Friday and it may even wait until noonish before it really starts, but I think tonight, as it has been dormant for awhile now. I have seen this many times and missed the trade because of closing up shop early Friday.

This Friday I will be there to the end. Just my 2 cents.

Jim
  • #228,275
  • Jun 24, 2010 10:11am Jun 24, 2010 10:11am
There's still a ton of trading day left so I'm not getting my hopes up just yet. But a close below 133.00 would be a huge victory for bears and what would in my opinion be a pretty solid case for a bearish continuation.

I'll post a chart later today if we get there or close.
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  • #228,276
  • Jun 24, 2010 10:27am Jun 24, 2010 10:27am
I think we have already cleared the way to 129.50, and its just a matter of time before we hit 132 and I move my stop to B/E. I am already in and I have been short, just watchin a pinball game lately, however, this is one time it would be unwise to be with the long term trend on this pair. Fridays Daily Inside bar recieved a fakout long ad left a nice inverted for a sucker bar trade short.

Jim

Quoting Geppy
There's still a ton of trading day left so I'm not getting my hopes up just yet. But a close below 133.00 would be a huge victory for bears and what would in my opinion be a pretty solid case for a bearish continuation.

I'll post a chart later today if we get there or close.
  • #228,277
  • Jun 24, 2010 10:44am Jun 24, 2010 10:44am
well, not so fast with shorts.
h1 is suggesting accumulation again at these levels... net tick balance is positive, and it's only a matter of time until it goes back up...
Attached Image (click to enlarge)
Click to Enlarge Name: gj-vol-balance.gif Size: 15 KB
Nihil Sine Deo.
  • #228,278
  • Jun 24, 2010 10:44am Jun 24, 2010 10:44am
European markets have closed, all mostly down 1.5% on the day. NY has been trading in parallel so far. I'd expect NY equities to recover a bit for the next few hours. The yen pairs and GY will mirror this movement. We'll probably have to see this afternoon if the NY markets recover upwards or remain around here. Should they remain around here and leave that doji on yesterday's DJIA, it will have been a major capitulation of equity bulls, and 10,000 will be in jeopardy as part of a possible Friday selloff. With the G20 upcoming and the current talk of a possible Greece default actually occurring, the markets, EUR and sterling will take a major dump. BTW, I can't believe Greece CDS aren't at a record high for no reason: either the danger of default is very real, or the big boys really want things to head downwards.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-06-24_113452.png Size: 35 KB
  • #228,279
  • Jun 24, 2010 11:05am Jun 24, 2010 11:05am
Quoting Scrat
well, not so fast with shorts.
h1 is suggesting accumulation again at these levels... net tick balance is positive, and it's only a matter of time until it goes back up...
ECB spotted in last London hours..
  • #228,280
  • Jun 24, 2010 11:11am Jun 24, 2010 11:11am
Quoting Piters
ECB spotted in last London hours..
And/or along with the SNB? - USDCHF and EURCHF going ape too!
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