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

  • #229,161
  • Jul 15, 2010 12:49pm Jul 15, 2010 12:49pm
Quoting gillybabe
Thank you for a well thought out and informative post. It is really appreciated.
Quoting petehnm
Hello Geppy

I like your #3 scenario ....I'm short from here and going to see if it will get to the 133.50 area by tonights London session..I know 100 pips is probably pushing it, but I like the way the 4hr looks with bollinger bands..it seems feasible.
Quoting plucker01
Great advice and a Free Bottle of Patience Pills ..... Thanks!
Quoting sailor68
Hi Geppy,

Nice analyse,
I'm glad it was of some value.
check out my blog: forexmademillionaire dot com
  • #229,162
  • Jul 15, 2010 12:53pm Jul 15, 2010 12:53pm
One more 4H Stochastic rewind up and the Daily & 4H may unwind down together. That may be enough to change the trend next week.
  • #229,163
  • Jul 15, 2010 2:05pm Jul 15, 2010 2:05pm
GU is it time to fall??
1.5421
  • #229,164
  • Jul 15, 2010 2:15pm Jul 15, 2010 2:15pm
Quoting maanawi
GU is it time to fall??
1.5421
1.55 will be the major resistant. Today keep going up without retrace, today close above 1.54. I think will be range 1.54-1.55. That's my view
With dow and s&p keep down, it will keep making new high
  • #229,165
  • Jul 15, 2010 2:19pm Jul 15, 2010 2:19pm
Quoting special0nefx
1.55 will be the major resistant. Today keep going up without retrace, today close above 1.54. I think will be range 1.54-1.55. That's my view
well bro, 15421 is what I call safe area to sell, even price go above will retrace to it.
any way will keep eye on it.
thanks
  • #229,166
  • Jul 15, 2010 2:21pm Jul 15, 2010 2:21pm
Quoting maanawi
well bro, 15421 is what I call safe area to sell, even price go above will retrace to it.
any way will keep eye on it.
thanks
Yes, it'll retrace.Am waiting for it too . Best wishes.
  • #229,167
  • Jul 15, 2010 2:31pm Jul 15, 2010 2:31pm
Quoting maanawi
GU is it time to fall??
1.5421
i think not before ~ 1.5524
I do not see resistance on the way up
Attached Image (click to enlarge)
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  • #229,168
  • Jul 15, 2010 2:40pm Jul 15, 2010 2:40pm
a breath of fresh air, besides beljevina's posts.
thanks!

pretty much the same view here...


Quoting Geppy
I've stopped posting much here for several reasons, but one of the most recent is the lack of unbiased posts I see more than not....
Nihil Sine Deo.
  • #229,169
  • Jul 15, 2010 2:58pm Jul 15, 2010 2:58pm
Quoting kourtney
call me crazy but i think gbp/jpy will spike to 135.25 or 135.35 and then tank so far did the first deep of 150 pips...i see a correction of 100 pips and then will seriusly drop dead. I think same with the overbought dollar and gbp/usd

what do u guys think?
ok now everybody can call me officially crazy

i think we will see 129.52 very soon

opinions appreciated
  • #229,170
  • Jul 15, 2010 3:05pm Jul 15, 2010 3:05pm
Quoting Scrat
a breath of fresh air, besides beljevina's posts.
thanks!

pretty much the same view here...
Anytime, bud

Quoting kourtney

i think we will see 129.52 very soon

opinions appreciated
Hard to say... there's so much congestion at these levels that it's difficult to say "soon" about any real breakout that's going to take us some 400-500 pips. However, if the levels I mentioned in my last post are broken I would expect we move quickly in whichever direction it goes. Soon doesn't seem in the cards yet.
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  • #229,171
  • Jul 15, 2010 3:19pm Jul 15, 2010 3:19pm
Quoting kourtney
ok now everybody can call me officially crazy

i think we will see 129.52 very soon

opinions appreciated
OK, it's official: you're crazy!!! I really though we would range in a much tighter range today - didn't anticipate the anti-gravity action that's been more and more prevalent with the yen crosses, esp. for this afternoon. Would love for your last half of the prediction to materialize - it's been my mid-term/longish expectation, but we'll need a sentiment and reactionary change for next week along with some IMHO severely bad news through this earnings period. Was glad though to ride the pips from this morning low to the R1, getting out 135.348. What's your logic, chart & reasoning for the 129.5 call?
  • #229,172
  • Jul 15, 2010 3:28pm Jul 15, 2010 3:28pm
Quoting maanawi
well bro, 15421 is what I call safe area to sell, even price go above will retrace to it.
any way will keep eye on it.
thanks
1.5530...IMO... Then back to 1.51- 50
Markets are not Random, they are designed!
  • #229,173
  • Jul 15, 2010 3:34pm Jul 15, 2010 3:34pm
Quoting Raza
1.5530...IMO... Then back to 1.51- 50
But i think sure retrace back around 1.53xx. Looks overbought on h1,h4 and daily on RSI.
Am looking for any divergence play out or not too.
  • #229,174
  • Edited 5:14pm Jul 15, 2010 4:46pm | Edited 5:14pm
Although not part of my original three scenarios in my last post I feel like price is stalling here in the low 135 zone. I initiated shorts at 135.22 with a target of 133.75 and stop loss at 136.06

A fib expansion from previous high to previous low to most recent high would put a 100% correction at about 133.61. A quick spike slightly below this level could also test the lower support of the up-trend channel so slightly above this seems like a good place to take profits and perhaps consider longs. Although tomorrow is Friday and I'm not sure how keen I'd be on initiating new positions.

Again, there reamins the possibility we break higher through 136 and then I will change my bias.

EDIT: Stop moved to 135.65
Attached Image (click to enlarge)
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  • #229,175
  • Jul 15, 2010 5:59pm Jul 15, 2010 5:59pm
thanks guys for the advice I appreciate it
i will rethink about my short if H4 close above 1.5468
  • #229,176
  • Jul 15, 2010 7:40pm Jul 15, 2010 7:40pm
Quoting special0nefx
Yes, it'll retrace.Am waiting for it too . Best wishes.
retrace is done will be waiting 1H close below or above mentioned levels
  • #229,177
  • Jul 15, 2010 8:25pm Jul 15, 2010 8:25pm
Quoting special0nefx
But i think sure retrace back around 1.53xx. Looks overbought on h1,h4 and daily on RSI.
Am looking for any divergence play out or not too.
this what I expect for GU from mtf
H4 & H1 closed below 1.5421
hope this setup work
Attached Image (click to enlarge)
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  • #229,178
  • Jul 15, 2010 8:27pm Jul 15, 2010 8:27pm
I've been following the 4hr chart with bollinger bands up and down and we're back on the down swing. I'm short and I'm going to ride it down to the 134 area and then go from there... Good trading to all...
  • #229,179
  • Jul 15, 2010 8:58pm Jul 15, 2010 8:58pm
Bought UY @ 87.19. should be easy earnings.
Looking to catch 100 pips or maybe much more.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #229,180
  • Jul 15, 2010 9:02pm Jul 15, 2010 9:02pm
Quoting Geppy
Although not part of my original three scenarios in my last post I feel like price is stalling here in the low 135 zone....
Hi Geppy, not easy to manage Dragon and to find the right direction,but im still short (we are again below the Daily pivot), Today Friday, hope traders book some profit on GU and Dragon will take the same direction, its why i keep my short, but i keep an eye on 136 level
Trade with the momentum
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