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

  • #229,601
  • Jul 23, 2010 6:51am Jul 23, 2010 6:51am
If i see a correction i wil be a buyer near 133.5 with a tight stop.

anyway stress test coming in a few hours.
I'm pretty sure it will be a market mover.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #229,602
  • Jul 23, 2010 6:53am Jul 23, 2010 6:53am
I suspect from a global agreement not to allow markets to fall too much. If Europe disintegrates, so, too, does a very important export market - well, until the African and South American markets pick up.

Conspiracy aside, common sense would, one hopes, prevail... at least for a little while.

Quoting ukdaytrader
It does, but be mindful of the fact EU has steadily climbed while UCh has been bought from support. SNB are involved here IMO and if they decide enough is enough, then the 100 pip S/L will be raken very quickly.

I have some long UCh trades btw, but purely from a technical perspective.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #229,603
  • Jul 23, 2010 6:54am Jul 23, 2010 6:54am
Quoting gotpips92
I would say avoid shorts right now and go long after a retrace. The pair is eyeing 135 viciously, seen by the fact that it shook of the spanish bank failures in a matter or 15 minutes. not to mention the GDP....
Well maybe we see 135.00 and i expect big reverse from there
but any way if its broke I will update.

now if the bearish continue I will look for long at 133.75, 133.478 to 135 then will short again , all with tight SL 15 to 20 pips
good luck
Attached Image (click to enlarge)
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  • #229,604
  • Jul 23, 2010 6:54am Jul 23, 2010 6:54am
Quoting Raza
Here is one Bullish Count....

Goes with my concept of DEFLATION....

raz..your long term view is 100 % like mine,,that we both see 180/190 later on,but 126 was not the low and your X bottom do i see as a double bottom at 118,possible 123.80 somewhere..but lower than 126 im sure will we see before any moves above 142..

eish selling aud/jpy @ 79.57 will turn into an enormous trade ..remmember that number ,, im not wrong with this entry !!! a drop of 500 pips to bottom of wedge !! gbp/jpy is a semi looooser currencie right now..

eur/aud/ and other crosses running hot now!!!

did you catch that rounded bottom long on eur/aud ? a week ago?

afterall gbp/jpy sucks big time !!! aud/jpy will be the winner of them all !!
  • #229,605
  • Jul 23, 2010 6:56am Jul 23, 2010 6:56am
nice view I agree with you but its availed while price not yet at the 135.00
Quoting DMA Trader
If i see a correction i wil be a buyer near 133.5 with a tight stop.

anyway stress test coming in a few hours.
I'm pretty sure it will be a market mover.
  • #229,606
  • Jul 23, 2010 7:24am Jul 23, 2010 7:24am
Quoting strippoker
raz..your long term view is 100 % like mine,,that we both see 180/190 later on,but 126 was not the low and your X bottom do i see as a double bottom at 118,possible 123.80 somewhere..but lower than 126 im sure will we see before any moves above 142..

eish selling aud/jpy @ 79.57 will turn into an enormous trade ..remmember that number ,, im not wrong with this entry !!! a drop of 500 pips to bottom of wedge !! gbp/jpy is a semi looooser currencie right now..

eur/aud/ and other crosses running hot now!!!

did you catch that rounded bottom long...
Agree..Possible

eur/aud....I bought and Sold and cashed in... I will leave it alone for a while....
Markets are not Random, they are designed!
  • #229,607
  • Jul 23, 2010 7:58am Jul 23, 2010 7:58am
We didn't break-out north yet, expecting retrace till at least to 132.40 area.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 23-7 4 h.gif Size: 33 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #229,608
  • Jul 23, 2010 8:34am Jul 23, 2010 8:34am
Quoting KillerWhale
We didn't break-out north yet, expecting retrace till at least to 132.40 area.
nice and easy setup Shamu
  • #229,609
  • Jul 23, 2010 9:19am Jul 23, 2010 9:19am
Quoting maanawi
nice and easy setup Shamu
It should not happen... thats where wave#1 is at 133.30..
Markets are not Random, they are designed!
  • #229,610
  • Jul 23, 2010 9:20am Jul 23, 2010 9:20am
Quoting maanawi
nice and easy setup Shamu
BUT what would be the good price to short from...

have we seen the Top??

Divergence is still Hidden Bullish every where

Markets has just filled the GAP from the News ...
Markets are not Random, they are designed!
  • #229,611
  • Jul 23, 2010 9:57am Jul 23, 2010 9:57am
why is this thread dying?
  • #229,612
  • Jul 23, 2010 10:01am Jul 23, 2010 10:01am
Quoting Raza
BUT what would be the good price to short from...

have we seen the Top??

Divergence is still Hidden Bullish every where

Markets has just filled the GAP from the News ...
Hi Raza

im already short and im not expecting more highs than13500 for today
targeting 132 and my SL near above 13500 other wise my view is wrong and im out of the market for another chance to come.
  • #229,613
  • Jul 23, 2010 10:08am Jul 23, 2010 10:08am
Quoting Raza
It should not happen... thats where wave#1 is at 133.30..
133.30 or 34 , lets see how it will move on.
good luck
  • #229,614
  • Jul 23, 2010 10:10am Jul 23, 2010 10:10am
Quoting qwertymyfx
why is this thread dying?
Gucc is back.


PS: Just took shorts at 134.60, I'm going to update the blog later today with some charts and explanations.
check out my blog: forexmademillionaire dot com
  • #229,615
  • Jul 23, 2010 10:12am Jul 23, 2010 10:12am
hahahahah this is funny answer lolls oh Geppy lolll
Quoting Geppy
Gucc is back.
oh my I cant hold my self of laughin
  • #229,616
  • Jul 23, 2010 10:20am Jul 23, 2010 10:20am
You need them
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  • #229,617
  • Jul 23, 2010 10:30am Jul 23, 2010 10:30am
yes, looks like a good spot to try some shorts... u-j and g-u bumped again into resistance and now are retesting it - so we may see some retrace to low 132, or ranging again at this level.

waiting for a confirmation, as usual.

p.s. may go to 135.20 before a reversal... or it may continue up

Quoting Geppy
Gucc is back.


PS: Just took shorts at 134.60, I'm going to update the blog later today with some charts and explanations.
Nihil Sine Deo.
  • #229,618
  • Jul 23, 2010 10:52am Jul 23, 2010 10:52am
Blanchflower, (ex BoE member), just said something interesting. When asked for his opinion on the stress test results due in 10 mins, he said: (para), 'My concern is that people like me will trawl through the results over the weekend and ask questions about whether the tests are too lenient, what stuff is being hidden and because defaults have not been taken into consideration, what would actually happen if Greece failed or Spain's housing market crashed?'

A suckers long maybe...?
  • #229,619
  • Jul 23, 2010 10:57am Jul 23, 2010 10:57am
The test results are quite a crapshoot - really depends how much of a microscope and criticality the big boys want to put towards them. And the first reaction may not be the eventual reaction - this can't be an easy trade for the big boys either. So many combinations too - ie., what if a UK bank were among those failing? Let's see where she flies.

And at the end of the day, you know the desired goal here is not to shoot themselves in the foot. Let's hope we can ride the coattails of profitability.
  • #229,620
  • Jul 23, 2010 11:05am Jul 23, 2010 11:05am
Quoting Scrat
yes, looks like a good spot to try some shorts... u-j and g-u bumped again into resistance and now are retesting it - so we may see some retrace to low 132, or ranging again at this level.

waiting for a confirmation, as usual.

p.s. may go to 135.20 before a reversal... or it may continue up
Yup, we reach 135. Kind of crappy...
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