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

  • #228,761
  • Jul 6, 2010 11:49am Jul 6, 2010 11:49am
strange to see that UJ was going down and ES going UP

now they are both going down and the pound too.

interesting
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #228,762
  • Jul 6, 2010 11:53am Jul 6, 2010 11:53am
Quoting DMA Trader
strange to see that UJ was going down and ES going UP

now they are both going down and the pound too.

interesting
Is any news about yen is strong?
  • #228,763
  • Jul 6, 2010 12:10pm Jul 6, 2010 12:10pm
Quoting DMA Trader
strange to see that UJ was going down and ES going UP

now they are both going down and the pound too.

interesting
SPX:

technical: re-test the NL. breakline at 1040
fundamental: AUS news, China IPO, and some financial sector at S&P supported this move...
  • #228,764
  • Edited 2:09pm Jul 6, 2010 1:22pm | Edited 2:09pm
Possible reversal at the last stop of the last climb around 132.28 coming up? I'm not holding out huge hope, other than for a temporary bounce. It's that NY time of day where the DOW and S&P could either rally up or continue the down direction. Note the S&P has given up all the 'optimism' of the day; IMO we've still got some NFP action to work through the system, and a double bottom test of the all important 1000 S&P level. Many are expecting a up week based on last week's successive down days, but even the pit & equity traders know it's a difficult uphill case with little reason.

Haven't been posting much lately, as am just scalping the up bounces, but we continue to see lower highs, recently with 133.68 seeing a double top rejection, and another telling daily candle. Finding it a bit frustrating on the slowness of the down grind; should we dip below 131.85, 131.2 should fail, and we should see a 130.5 test. IMO, we continue to see distribution and shorters pile in.

EDIT: Just adding that that last stop just above the 23.6% fib I drew turns out to be right at the NFP spike 23.6% fib, if you place your 100% fib at 133.894. Regardless, in the meantime, both the S&P and GY look to be heading lower.
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  • #228,765
  • Jul 6, 2010 2:45pm Jul 6, 2010 2:45pm
Quoting special0nefx
Is any news about yen is strong?
i don't know, i couldn't find anything.

Just same old crap from yahoo news with

Yen getting stronger as risk comes back
or
Yen getting stronger on investors taking profits
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #228,766
  • Jul 6, 2010 2:47pm Jul 6, 2010 2:47pm
Quoting Piters
SPX:

technical: re-test the NL. breakline at 1040
fundamental: AUS news, China IPO, and some financial sector at S&P supported this move...
What's your opinion on SPX going forward.
I was thinking former support 1040 acts like resistance.
and it was exactly what happened.

but even if i think we are getting lower below 1000. there is some bullish sentiment in the air. maybe just for a bounce.
1040 i guess will be key level for bulls/bears
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #228,767
  • Jul 6, 2010 3:05pm Jul 6, 2010 3:05pm
Quoting DMA Trader
What's your opinion on SPX going forward.
I was thinking former support 1040 acts like resistance.
and it was exactly what happened.

but even if i think we are getting lower below 1000. there is some bullish sentiment in the air. maybe just for a bounce.
1040 i guess will be key level for bulls/bears
yup mate.. I agree

1040 was a tough one on a way down too.. now Im looking at 1000 mark.. and a new low..and below
  • #228,768
  • Jul 6, 2010 3:36pm Jul 6, 2010 3:36pm
Quoting trade price
WELL my methood is right less than 50%.
99% is too far.i wish for 99%.
that was only a thought..no need to offensive here.
thats my long entrys. both gu and eu.
how is your shorts?

good trading to you.

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sorry for that if u felt offenfed it was not my intention only question where theoritically would have been entry for short position when intraday high holds of course according to your view, just my curiosity.

If u interested i am still holding shorts and will add all the way up to 1.53 if see.
  • #228,769
  • Jul 6, 2010 5:15pm Jul 6, 2010 5:15pm
Quoting DMA Trader
strange to see that UJ was going down and ES going UP

now they are both going down and the pound too.

interesting
profits gain my friend
  • #228,770
  • Jul 6, 2010 5:31pm Jul 6, 2010 5:31pm
Quoting maanawi
profits gain my friend
how is everything going mate ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #228,771
  • Jul 6, 2010 5:41pm Jul 6, 2010 5:41pm
Quoting DMA Trader
how is everything going mate ?
Fine bruva, hope you are doing well
  • #228,772
  • Jul 6, 2010 9:25pm Jul 6, 2010 9:25pm
interesting..still have money for gambling meh?

http://noir.bloomberg.com/apps/news?..._rLBpngs&pos=7
  • #228,773
  • Jul 6, 2010 9:27pm Jul 6, 2010 9:27pm
Quoting trade price
Fair enough mate.
we all here to learn and teach what we know.its all about sharing and careing.for me only...
we r just shared ..and up to them wanna learn or not.....usually they never learn
  • #228,774
  • Jul 6, 2010 10:22pm Jul 6, 2010 10:22pm
pls comment..
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  • #228,775
  • Jul 6, 2010 10:37pm Jul 6, 2010 10:37pm
This PA sucks, I can't even get pips with scalping.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #228,776
  • Jul 6, 2010 10:43pm Jul 6, 2010 10:43pm
Quoting KillerWhale
This PA sucks, I can't even get pips with scalping.
I know...EW count getting very complex on GJ pair...I rather stay on sideway...Only gbpchf looks promising..
{Promotion Removed}
  • #228,777
  • Jul 6, 2010 11:12pm Jul 6, 2010 11:12pm
Well of course we are here to share our knowledge in most cases.
So i can understand ukdaytrader and his irritation when u post chart after imovement occur, As u said u are new in forum, we experienced many similar behaviour and red lights were turn on. Anyway leave this issue pls.

My short is based on many things

1. why gu and gj are so strong when S&P500 is tanking ?
2.USD index on support
3 GBP index on resistance
4 h4 bearish divergence is devoloping on gu
5. gj still below daily ema50
6 uj broke ? 88 support ?
7.and my system point this direction in near future only i dont know only when will start.
8 Weak longs must be wiped out as well.
9 the overal target is 133-128 for cable as 261.8% fibe extension of wave B(or 2)
10 Upper trendline and daily ema200


Quoting trade price
Fair enough mate.

BTW can you post your chart and why you are short?

Best Regards
sho
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  • #228,778
  • Jul 6, 2010 11:23pm Jul 6, 2010 11:23pm
Quoting honeybhi
short Aud /Jpy .Price also at weekly Pivot and daily R2.
Closing here for 100 pips.
Price approaching 50 fibo.

GU trade stop moved to breakeven.Expecting more downside.
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  • #228,779
  • Jul 6, 2010 11:34pm Jul 6, 2010 11:34pm
Quoting Wak Senang
pls comment..
wak wak ..how are u wak ?
  • #228,780
  • Jul 7, 2010 2:07am Jul 7, 2010 2:07am
1hr chart
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