In other news... my 133.75 target was hit with ease and proved to be quite conservative. We're sitting now on the bottom portion of 4H trend-line support. I'll post my views, with chart, at the end of the trading day/week.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #229,221
- Jul 16, 2010 9:00am Jul 16, 2010 9:00am
- #229,222
- Jul 16, 2010 9:07am Jul 16, 2010 9:07am
thank you amigo Manawi...was good week drop 150 took 100 on the retracement and then sold heavy for this drop
I see a retracement again to 134.52 before we resume downtrend this is around 150 pips up for correction
what do u think ?
- #229,224
- Jul 16, 2010 9:26am Jul 16, 2010 9:26am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
sorry, i am not posting anymore because this pair died or something... not much going on... so i am taking a break from trading and doing other stuff (most of it overdue for a long time).
will come back as soon as volatility kicks in...
cheers
- #229,225
- Jul 16, 2010 9:32am Jul 16, 2010 9:32am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
yeah, we had a storm inside a glass of water...
Too bad mate.. You just left .. we kick up with volatility. from 160p to 300p [high-low]
cheers
Nihil Sine Deo.
- #229,228
- Jul 16, 2010 9:51am Jul 16, 2010 9:51am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
At 132.4 we're just hugging the underside of support at 132.5/.6. We may have the days low at a healthy 296 pips travelled today (vs. 160 daily average recently), but if not 131.6 weekly support could be next.
Am so loving the respect and pips from sterling (finally!) As expected, FTSE has dumped 100 points since the US woke up. And check that now messed up and false break out of the daily chart triangle and the bear bar it's left behind. With an hour for FTSE to go, their current level may hold or slight recover, and it might be upwards for GY. Chances are pretty good for at least a temporary intraday US equity recovery, but any GY longs should watch equity market sentiment into the afternoon. Let's see where we end up on the daily. Am long heavily from 133.35, set to BE SL. Decent and the highest for a few days volume of buyers look to have stepped in for UJ at 86.28 - should provide for at minimum that intraday hold, and help bring GU down.
Scrat, hopefully you can stop by with your great daily and now weekly analysis - well, the volatility is here, but so was Murphy's Law!!
Kourtney, great call - hopefully you profited handsomely. IMHO I think we're done with that silliness of spending time in the 135 region for a while! 130.5 beckons, and further!
Am so loving the respect and pips from sterling (finally!) As expected, FTSE has dumped 100 points since the US woke up. And check that now messed up and false break out of the daily chart triangle and the bear bar it's left behind. With an hour for FTSE to go, their current level may hold or slight recover, and it might be upwards for GY. Chances are pretty good for at least a temporary intraday US equity recovery, but any GY longs should watch equity market sentiment into the afternoon. Let's see where we end up on the daily. Am long heavily from 133.35, set to BE SL. Decent and the highest for a few days volume of buyers look to have stepped in for UJ at 86.28 - should provide for at minimum that intraday hold, and help bring GU down.
Scrat, hopefully you can stop by with your great daily and now weekly analysis - well, the volatility is here, but so was Murphy's Law!!
Kourtney, great call - hopefully you profited handsomely. IMHO I think we're done with that silliness of spending time in the 135 region for a while! 130.5 beckons, and further!
- #229,229
- Jul 16, 2010 9:51am Jul 16, 2010 9:51am
- | Joined Jan 2009 | Status: independent mind | 1,104 Posts
Originally Posted by grashid
go 135.30 first then only came down to 132.7-131.4 or little bit lower to 129.4-128.2....
unless that 135.30 hold then we still ranging n play ~ that area as what 'so many name' mentioned as well as scratch.. otherwise back to my target 137-139-140
am still holding my 1/4 lonng while closing half yesterday (only left 3 position n already lock it)...
However everythings is possible and am off for a while once everything is clear
good luck all and happy weekend
g
- #229,232
- Jul 16, 2010 10:04am Jul 16, 2010 10:04am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #229,233
- Jul 16, 2010 10:06am Jul 16, 2010 10:06am
- | Joined Jan 2009 | Status: Trader | 1,392 Posts
Good morning everyone ...hope that everyone got a chance to grab some of this move down to 132.22 from the 134 area..I did...
... now I'm going to scalp it up to the 133.5 area , which I believe we'll hit today and call it a week...keeping fingers crossed that I'm not getting to greedy..
... now I'm going to scalp it up to the 133.5 area , which I believe we'll hit today and call it a week...keeping fingers crossed that I'm not getting to greedy.. 
- #229,235
- Jul 16, 2010 10:14am Jul 16, 2010 10:14am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
yeah, we had a storm inside a glass of water...
However looking on daily.. a nice bear flag.. but also ascending wedge..
Now. if we look UY and GU.. and UY today broke 87 level with opening the gate to test 83.. from the other side I do expect GU to close this Month below 1.5320 with turning a PB to 1.48.. so if that happen.. then we may really see breaking the LTL on GY daily and test the 126..
Next week is definitely an interesting one..
- #229,236
- Jul 16, 2010 10:37am Jul 16, 2010 10:37am
- | Joined Jan 2009 | Status: Trader | 1,392 Posts
I guess I am a bit on the greedy side...looks like I won't get my bounce to the 133.5 area till next week...that's ok had a great ride down to this point..good luck everyone and have a fantastic weekend....
Good morning everyone ...hope that everyone got a chance to grab some of this move down to 132.22 from the 134 area..I did...
- #229,237
- Jul 16, 2010 10:38am Jul 16, 2010 10:38am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- #229,238
- Jul 16, 2010 10:58am Jul 16, 2010 10:58am
- | Joined Jan 2009 | Status: independent mind | 1,104 Posts
this what I expect for GU from mtf
H4 & H1 closed below 1.5421
hope this setup work
I expected this long at Asia close but sorry didnt mention it, hope some one gain from the setup
happy week end every one
- #229,239
- Jul 16, 2010 11:02am Jul 16, 2010 11:02am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #229,240
- Jul 16, 2010 11:11am Jul 16, 2010 11:11am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
yes, u-j turned bearish... g-u turned bearish... so g-j started to pour.
missed it.
anyway. weekly didn't put a lower low; and i see the support for this week @ 131.25 area - which might be tested today if this pair is keeping the desperate outlook...
i am still flat and watching u-j and g-u as well...
missed it.
anyway. weekly didn't put a lower low; and i see the support for this week @ 131.25 area - which might be tested today if this pair is keeping the desperate outlook...
i am still flat and watching u-j and g-u as well...
And the glass is currently only 400p [136.20-132.20] Can break still at any side..
However looking on daily.. a nice bear flag.. but also ascending wedge..
Now. if we look UY and GU.. and UY today broke 87 level with opening the gate to test 83.. from the other side I do expect GU to close this Month below 1.5320 with turning a PB to 1.48.. so if that happen.. then we may really see breaking the LTL on GY daily and test the 126..
Next week is definitely an interesting one..
Nihil Sine Deo.