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

  • #229,701
  • Jul 26, 2010 12:58pm Jul 26, 2010 12:58pm
Dow is rallying into the close and GBP/JPY stagnant near day's lows.... hmm
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  • #229,702
  • Jul 26, 2010 1:03pm Jul 26, 2010 1:03pm
Quoting ukdaytrader
Not seeing much on the hourly tbh, but 4 hr shows some bullish divergence with an o/s condition.

The Weekly and Monthly on the other hand look great for a long term long........ to 1.80. A bit like GCad, long way off, but will be worth scaling in small positions pretty soon.

Aussie is waaaaaaay overvalued atm IMO.

gbp/usd ----1.9 next year

gbp/cad --- patient another week or 2 depending how quick it will drop to 1.5560 ... 1.5560 WILL BE THE LOW INSIDE THE WEDGE... im at the moment into shorts upto 1.5560 ,then its reversing time ,and keep adding on all 78.6 fib levels ... 1.5560 with a spike right to 1.5507 will you see !

why not short it now ? 450 pips coming sessions ?
  • #229,703
  • Jul 26, 2010 1:07pm Jul 26, 2010 1:07pm
Quoting Geppy
Dow is rallying into the close and GBP/JPY stagnant near day's lows.... hmm
In that sense, you think GJ is likely to take a further dip after US close or may need to wait until Asian or London session?
  • #229,704
  • Jul 26, 2010 1:10pm Jul 26, 2010 1:10pm
btw.. who ever know joe dinappoli and his double repo method on weekly charts will be lucky to spot it now on eur/aud .. it only happen on weekly and monthly charts and in your career you wont see this happen alot ..anyway you all will see one gigantic upthrust on weekly/monthly charts coming months
  • #229,705
  • Jul 26, 2010 1:26pm Jul 26, 2010 1:26pm
Quoting uksnowman
In that sense, you think GJ is likely to take a further dip after US close or may need to wait until Asian or London session?
Considering it's been a pretty stagnant day in general, we'll most likely be waiting for the green light from Asia/Europe. There's usually very little reason to be sitting in front of the screens from NY close until at least half way through Asia, but you never know what can happen.

We're still technically range-bound with 136ish being the ceiling and 131.50ish the floor. Things won't get exciting until one of those is breached and we can actually ride a trend for a change!
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  • #229,706
  • Jul 26, 2010 1:30pm Jul 26, 2010 1:30pm
Would be interested to see.

Quoting strippoker
btw.. who ever know joe dinappoli and his double repo method on weekly charts will be lucky to spot it now on eur/aud .. it only happen on weekly and monthly charts and in your career you wont see this happen alot ..anyway you all will see one gigantic upthrust on weekly/monthly charts coming months
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #229,707
  • Jul 26, 2010 1:34pm Jul 26, 2010 1:34pm
Possibly Back to 135.50 - 75...IMO...

Then break out at News Time 12 Hours from Now...enjoy the Range...
Markets are not Random, they are designed!
  • #229,708
  • Jul 26, 2010 1:45pm Jul 26, 2010 1:45pm
Next target 133.80 EMA 100 in H1
  • #229,709
  • Jul 26, 2010 2:03pm Jul 26, 2010 2:03pm
Quoting 45Condor
Would be interested to see.

its easier to post an website.. i search it on google and found this..you will see at the bottom how he explain it..

overall,,you need a thrust down on weekly charts of more than 15 condles ,then you need an close above 3*3 not more than 3 candles,then close below again 3*3 with no more than 3 candles,,and then back up close above the MA ,,then your entry is from low to high at 618 fib .. something like that...

the eur/jpy made an double repo in 2007 ,at the top ... and now ive seen the eur/aud confirm also one ...

i remmber this years ago ,when i start trading .. but havent actually follow it or use his MA ges...

http://forum.masterforex-v.su/index.php?showtopic=6971
  • #229,710
  • Jul 26, 2010 2:56pm Jul 26, 2010 2:56pm
Quoting Raza
Possibly Back to 135.50 - 75...IMO...

Then break out at News Time 12 Hours from Now...enjoy the Range...
possible Raza to see 135.00 again but not so sure about what above any way im holding my new shorts while H4s close below 13500 GU seem to give nice shorts soon but I will becareful trading it (100+ - SL & TP)
  • #229,711
  • Jul 26, 2010 3:15pm Jul 26, 2010 3:15pm
Crazy as it sounds, but now is a very bad time to have tight stop losses. Long or short, they stand a great chance of being hit by false moves and fake-outs. It's not rocket science. Big boys will know that retail shorts will have stops above last high, so expect a fake-out higher at some stage. Similarly for longs; at what point does a small retrace down become a trend change?

All things to consider and keep in mind.
  • #229,712
  • Edited 4:28pm Jul 26, 2010 3:24pm | Edited 4:28pm
just my view - the up-wave isn`t finished yet.
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  • #229,713
  • Jul 26, 2010 3:24pm Jul 26, 2010 3:24pm
Quoting ukdaytrader
Crazy as it sounds, but now is a very bad time to have tight stop losses. Long or short, they stand a great chance of being hit by false moves and fake-outs. It's not rocket science. Big boys will know that retail shorts will have stops above last high, so expect a fake-out higher at some stage. Similarly for longs; at what point does a small retrace down become a trend change?

All things to consider and keep in mind.
I never used them while im sure of what im doing, but just to secure if some one follow
see yesterday full of fake moves as I see on GJ longs above 13500 after Asia close
(at what point does a small retrace down become a trend change?) expected from weekly chart
Thanks mate & GL
  • #229,714
  • Jul 26, 2010 3:26pm Jul 26, 2010 3:26pm
big boys dont play ranging markets ,, all of the orders is loong time placed at certain levels ,,so dont worry about that they chasing your stops,,they dont give a damm about any retail traders stops

any big boy who trade now gbp/jpy aint no big boy ..they play levels like 118/139/142/ etc etc
  • #229,715
  • Jul 26, 2010 3:40pm Jul 26, 2010 3:40pm
here a GJ weekly TL, make me think of trend change
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  • #229,716
  • Jul 26, 2010 3:50pm Jul 26, 2010 3:50pm
Quoting ukdaytrader
Crazy as it sounds, but now is a very bad time to have tight stop losses. Long or short, they stand a great chance of being hit by false moves and fake-outs. It's not rocket science. Big boys will know that retail shorts will have stops above last high, so expect a fake-out higher at some stage. Similarly for longs; at what point does a small retrace down become a trend change?

All things to consider and keep in mind.
i agree with your thoughts about the market makers placing prices for our stops but if we look at uj stopped right around 87.69 or dropped from, now the run in cable did look like a flag ( and yes im talking daily ) is starting to look tired imo so it's possible we see it stalling here and the gopher takes over technically its not a pretty picture and the daily chart on geppy macd shows that ( range ) so imo you do one off two things drop down or up if you look at the weekly you would still be bearish 1hr a pop up and 4 hr diverging down - take your pick - mines down bias with the thought that the indexes take a profit

easy all
  • #229,717
  • Jul 26, 2010 3:57pm Jul 26, 2010 3:57pm
I am still bullish.

I have just added to my position at 134.7 still looking for 140.
Resistance near 136.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #229,718
  • Jul 26, 2010 4:07pm Jul 26, 2010 4:07pm
Creeper!!!

Small TFs OverBought ..Higher Tfs.. Not so Oversold...

Looking for Intraday.. Opportunity...

If it Goes Up later I see a Fake out to 136.80ish..Then Down..That would be a Trap for Box Break out of 136.40.(Trap)..Also sort of a Double TOP... Then have 50% retracement to 133.85..

Lets see What happens...

Do You Guys ever Sleep!!!!?
Markets are not Random, they are designed!
  • #229,719
  • Jul 26, 2010 4:30pm Jul 26, 2010 4:30pm
Quoting naatha
just my view - the up-wave isn`t finished yet.
Nice reference Natha,

This is what I mean...or If we label this as what VINCY suggested... (last Fridays Post) then we have WXY...136.8xx

But.. first 135.70
Markets are not Random, they are designed!
  • #229,720
  • Jul 26, 2010 4:34pm Jul 26, 2010 4:34pm
probably time for a retracement back to supporting trend line - 132.50/60 area IF resistance (135.30/50 area) will hold.
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Nihil Sine Deo.
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