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

  • #229,301
  • Jul 19, 2010 4:39am Jul 19, 2010 4:39am
Quoting Raza
Is Today some Armegeddon Day? or What....

Guess Better keep Finger ON Sell Button Only...

If below 132.00 this Time ..we can see 128- 127.80 .. IMO...
it looks like 133.8 is possible today before fall toward 128 gradually, just my 2c
  • #229,302
  • Jul 19, 2010 5:21am Jul 19, 2010 5:21am
Quoting metlife777
it looks like 133.8 is possible today before fall toward 128 gradually, just my 2c
Why are so many people speculating about gj being at 128? I don't think it will get there anytime soon. I think we will see 146 first.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #229,303
  • Jul 19, 2010 5:31am Jul 19, 2010 5:31am
Quoting KillerWhale
Why are so many people speculating about gj being at 128? I don't think it will get there anytime soon. I think we will see 146 first.
that show a differences betwen you and others ...the way of reading the chart......

if they win mean try to learn somethings from them
if they loose mean someone should learn it from you

simple.......

good luck

g
  • #229,304
  • Jul 19, 2010 6:40am Jul 19, 2010 6:40am
who is going to win this morning?
  • #229,305
  • Jul 19, 2010 6:43am Jul 19, 2010 6:43am
Quoting KillerWhale
Why are so many people speculating about gj being at 128? I don't think it will get there anytime soon. I think we will see 146 first.
look at Monthly and Weekly: the PA within ending triangle usually touches 3 times bottom with each consequential higher bottom during the 1st wave formation in process.
GJ did it twice: 118 and 126, now we might reasonably expect 3rd leg down targeting 128-129.
  • #229,306
  • Jul 19, 2010 6:52am Jul 19, 2010 6:52am
Quoting Allseeingeye
You see what I mean about being Patiant, you could have entered now & be at a Huge profit by the end of the year instead of $42.28 after Paying swap of $2,942.73

look dude...I dont know what the hell u are talking about..and im not trading peanuts...do u even know what my trades aree?

Im constantly hedging... just yesterday I made over 120 trades...so go sit in your corner ok.. u have no idea and do not read my posts and do not comment on them...your opinion or point of view is irrelevant to me..u are the apocaliptic one here i remember you and u think we all are like you...wrong

I told you in the past why u like my posts so much? leave the pros trade and u learn something ans shut up.
  • #229,307
  • Jul 19, 2010 6:57am Jul 19, 2010 6:57am
Quoting Scrat
well... from what i see, we might have a temporary bottom in place @ 132.22 area...
let's see what happens next - a test of 132.40?

anyway, it looks like another rally to the upper 134.
with you on that one...Im long to trying to get 134.52...and I hedge with shorts every time we have spikes.

so far going good...now I think we will have to reevaluate after reaching over 134 MA on Daily chart are changing...it actually shows a remote posibility for 138!!

so I think once we reach our profit level we should reconsider enter short or stay long

regards!
  • #229,308
  • Jul 19, 2010 7:30am Jul 19, 2010 7:30am
We've seen a slight rally in the S&P/DOW, but all amongst lots of worry, and UJ is heading to it's DPP, but more importantly, sterling continues to weaken. Relevant Ashraf commentary follows; you can catch some more of his views, having just been on the CDN business channel.

Intraday Views: July 19, 2010 10:12 ET: STERLING WEAKEST OF THE LOT shrugging the rise in risk appetite and the resulting gains in EUR. The rally in EURUSD seems more sustainable than the bounce in US stocks, especially after the US NAHB housing survey slopped to 14 in July from a downwardly revised 16. Last weeks forecast for a lower EURGBP has further deteriorated after the clear breakout above the 0.84 resistance. Weekly stochastics in EURGBP point towards 0.8530 and 0.8580, purely on a technical play especially as the breach of the May trendline resistance ensues. Sticking with my $1.30 target for EURUSD followed by $1.3070, which could occur BEFORE the results of the European stress tests due on Friday at 16:00 GMT. WATCH US 10- yr YIELD flirt with 2.90% after more begative US data. CAD TRADERS WATCH FOR BoC RATE DECISION tomorrow, More on this later on.

  • #229,309
  • Jul 19, 2010 8:49am Jul 19, 2010 8:49am
Bull divergence play out after candle candle
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  • #229,310
  • Jul 19, 2010 9:21am Jul 19, 2010 9:21am
Expecting prices to drop further more.Also price closed below 50 ema.
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  • #229,311
  • Jul 19, 2010 9:29am Jul 19, 2010 9:29am
Quoting honeybhi
Expecting prices to drop further more.Also price closed below 50 ema.
Agree with you. But i think M30 small bull divergence may play out 1st
  • #229,312
  • Edited 11:55am Jul 19, 2010 11:37am | Edited 11:55am
We are going up to 1.54 Area before we drop more so be careful everyone, I had wave 1 going down to 1.52 & now I am long to 1.54 & I will re evaluate my count near there it should be starting wave 3 near 1.54! Good luck!
  • #229,313
  • Jul 19, 2010 11:56am Jul 19, 2010 11:56am
yes, depends on when it gets there, it may shoot up to upper 1.54 or even 1.55... there seems to be some unfinished business up there, it's the limit between supply and demand for the current year and it hasn't been tested yet.

Quoting Allseeingeye
We are going up to 1.54 Area before we drop more so be careful everyone
Nihil Sine Deo.
  • #229,314
  • Jul 19, 2010 12:21pm Jul 19, 2010 12:21pm
Quoting Allseeingeye
We are going up to 1.54 Area before we drop more so be careful everyone, I had wave 1 going down to 1.52 & now I am long to 1.54 & I will re evaluate my count near there it should be starting wave 3 near 1.54! Good luck!
We will going up, i guess may retrace [email protected] before goin up. IMO
  • #229,315
  • Jul 19, 2010 12:47pm Jul 19, 2010 12:47pm
Has this turned into the GBP/USD thread? I'm confused.

I'm definitely going to be limiting my posts to a max of once per day... starting next week I'm sure that will drop to just one per week.

This is Geppy... fading out.
check out my blog: forexmademillionaire dot com
  • #229,316
  • Jul 19, 2010 1:12pm Jul 19, 2010 1:12pm
Quoting Geppy
Has this turned into the GBP/USD thread? I'm confused.

I'm definitely going to be limiting my posts to a max of once per day... starting next week I'm sure that will drop to just one per week.

This is Geppy... fading out.
Relax Geppy someone commented & I replied thats all!
  • #229,317
  • Jul 19, 2010 1:26pm Jul 19, 2010 1:26pm
Quoting Allseeingeye
Relax Geppy someone commented & I replied thats all!
most of the day's chatter has been regarding GBP/USD... gettin old (quite relaxed, but thanks)
check out my blog: forexmademillionaire dot com
  • #229,318
  • Jul 19, 2010 4:10pm Jul 19, 2010 4:10pm
Ok, picking up from last week we sort of tested the broken trend channel we fell through on Friday. I say "sort of" because I don't think the test is done yet. I'm posting both a 1H and 4H chart to drill down on the lower time-frame and see what's happening a bit clearer in the short-term.

Starting with the 1H I saw we tested the 50% fibo retracement level from the fibs I drew on Friday after the close nearly to the pip. I was out enjoying the weather on Angel Island here in San Francisco so I wasn't around to get short... I probably would have missed the entry by about 10 pips anyway so I'm glad I wasn't sitting around. We dropped down and made a new low since Friday's close, but the 1H is showing some bullish divergence now and I do feel we may push back to the 133.50/75 area for another test of the lower, broken trend-channel. I took a long position earlier today at 131.88, stop loss at 131.47 and target of 133.59ish which may change depending on PA.

On the 4H chart there really isn't much else to say. It's clear we're still bound between our two horizontal levels. If I'm stopped out on my longs I would probably play for a bounce near 131.20/00 pr thereabouts. If broken, I'll wait for a retest of that support (then turned resistance) and look for shorts. However, since I'm currently long for a bit of a scalp, I'm setup to look for my long target, a failure of the old trend-line area for an opportunity to get short. My target would then be the 131.20 area where I'd jump out and see what happens from there either to play the bounce or the breakout (whichever comes first).

That's all for now... pretty straight forward.

Geppy
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check out my blog: forexmademillionaire dot com
  • #229,319
  • Jul 19, 2010 4:26pm Jul 19, 2010 4:26pm
Quoting Geppy
most of the day's chatter has been regarding GBP/USD... gettin old (quite relaxed, but thanks)
lol i didnt know that i thought he was the only guy that asked i was away all day! now i can see why you get ticked its supposed to be GBP/JPY but we do look at other pairs to see if we are right!
  • #229,320
  • Jul 19, 2010 9:03pm Jul 19, 2010 9:03pm
Quoting Geppy
Has this turned into the GBP/USD thread? I'm confused.

I'm definitely going to be limiting my posts to a max of once per day... starting next week I'm sure that will drop to just one per week.

This is Geppy... fading out.
Relax bro, look at the title---> Auslanco - GBP/JPY and GBP/USD (newstrade) , compare with other pair maybe can help a bit
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