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

  • #230,141
  • Aug 3, 2010 12:10am Aug 3, 2010 12:10am
Quoting 45Condor
09:15 is my prediction for the touch, and then once all are onboard, she makes her turn.

Just a guess.
i hope you're wrong. I'd want this thing to roll over & die
Thank You
  • #230,142
  • Aug 3, 2010 12:13am Aug 3, 2010 12:13am
Quoting 45Condor
09:15 is my prediction for the touch, and then once all are onboard, she makes her turn.

Just a guess.
on the U turn ..what do you see .. 1.5340 ? or lower ?
  • #230,143
  • Aug 3, 2010 12:15am Aug 3, 2010 12:15am
Quoting wormboy
though that was little neat tbh bro
That spike towards the D1 resistance allowed me to place a trade, just one small lot tho nothing serious yet. Would love to see this roll over & die.

Good luck to you!
how's it going bro?

hey! Frankie headfake went the opposite way I was thinking.

no breakout yet, but a fun range so far, could bounce up again.

need my game controller to trade this...
  • #230,144
  • Aug 3, 2010 12:22am Aug 3, 2010 12:22am
I would expect any major turn to perhaps start kissing the low 1.53 region.

Quoting gucci
on the U turn ..what do you see .. 1.5340 ? or lower ?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #230,145
  • Aug 3, 2010 12:24am Aug 3, 2010 12:24am
Sir, escape from gleeful belittlement.

Quoting gucci
all the best !!!
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #230,146
  • Aug 3, 2010 12:24am Aug 3, 2010 12:24am
UJ is seeing no love - is testing Friday NY morning's lows. And looks like it's not getting buyers, at least not enough. Sidebar: I've wondered about Ben and company secretly wanting a cheap US dollar - I'm sure they have "resources" behind this. Problem of course is, it goes against what Japan wants out of their yen, and, overall devalues the worth of the huge loans that China, Japan and everyone has with Uncle Sam. As a temporary strategy, I'm sure they'll put up with it, but if the US$ is going down, they stand to lose. Hence, their buying of less US debt, and more of everyone else's, also not a good path for the US.

The GY rush up to 137.8 was sold into, now we're looking to see if 137 will hold. Although London equity-to-sterling correlation has been low, it might be getting tighter. And, after that steroid start to US equities yesterday - on the heels of last week's fumes - something tells me we're due for at least some down US equity days this week.

If 136.9 breaks, GY will correct further. Let's see.
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  • #230,147
  • Aug 3, 2010 12:32am Aug 3, 2010 12:32am
Quoting Fudomyo
how's it going bro?

hey! Frankie headfake went the opposite way I was thinking.

no breakout yet, but a fun range so far, could bounce up again.

need my game controller to trade this...
hey bro

going good thanks. looks like fakey went the opposite & came back to you.
I'm gonna hold this one out tho, sucker for punishment
Thank You
  • #230,148
  • Aug 3, 2010 12:38am Aug 3, 2010 12:38am
this will be the best spot to hold my shorts and lets see how t's going from here..maybe.
  • #230,149
  • Aug 3, 2010 12:53am Aug 3, 2010 12:53am
Quoting clientfx
this will be the best spot to hold my shorts and lets see how t's going from here..maybe.

sit tight -- 130.50 is not that far ..1 pitstop @ 133.30

GU will hit at any minute of the day enormous lot of sellers and that will drag GJ down to 130.50 as UJ will try to break 85 ..
  • #230,150
  • Aug 3, 2010 1:00am Aug 3, 2010 1:00am
Yes, UJ looks very weak. However, Cable looks to be preparing for another blast, and Geppy is being refused at the DP. Of course, one has to consider the equity markets as well.

As you have said elsewhere, Geppy is not that nice to trade at the moment. No real trend to follow - more of a range, albeit one that may have seen a topside push the last trading day or so.

Quoting gucci
sit tight -- 130.50 is not that far ..1 pitstop @ 133.30

GU will hit at any minute of the day enormous lot of sellers and that will drag GJ down to 130.50 as UJ will try to break 85 ..
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #230,151
  • Aug 3, 2010 1:00am Aug 3, 2010 1:00am
Quoting wormboy
hey bro

going good thanks. looks like fakey went the opposite & came back to you.
I'm gonna hold this one out tho, sucker for punishment
cable had arrived at another projected level on my W1. Always works for 200-300 pips retrace. That happens, I suspect gbpjpy will fall as well. Anyway, let's see how it goes,

Good luck to all
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Thank You
  • #230,152
  • Aug 3, 2010 1:23am Aug 3, 2010 1:23am
Quoting 45Condor
Yes, UJ looks very weak. However, Cable looks to be preparing for another blast, and Geppy is being refused at the DP. Of course, one has to consider the equity markets as well.

As you have said elsewhere, Geppy is not that nice to trade at the moment. No real trend to follow - more of a range, albeit one that may have seen a topside push the last trading day or so.

yip,,GJ is my least fav pair,,if i got stopped out ,then ill leave it alone until i do see a trend to the upside (intervention worried me a bit ) ... you will see whats gonna happen in the coming months.. very deep thrusts down testing the lows ,and then all of the sudden all the way back up .. we must play hit and run here and i dont tihnk we will see a real trend.. its a mess .. so why not concentrate on trending markets ?
and leave the crosses aside until we form a real bottom!!
my fav/ pair is the eur/aud ..i think 2000 pips is not that far off, and i think waay more than that ..dont know if you follow it,but certainly a good one,,but stop have to be below 1.4149,as i do expect sometime a drop to that level,,but hopefully not,,as you can see ,we break 1.4450 and we are onroute to 1.46 ,where you will see the neckline of an H&S ,with the 2 shoulders @ that important supp level @ 1.4450..so long from that supp is not a bad spot,and take it only up to 1.4850 !

GU-- i have a pending waiting at 1.6100 ,but dont think we will go that far,and only a 100 pip stop... and again ,,do you see that triangle on monhtly ? the players might aswell target the 78.6 at 1.65 ?? either one ,i will be happy,,short at 1.61 and stopped out,, it wont bother me,cause then we are onroute to 1.65 !!!! then thats the level to short from ,,then we will see 1.47 after that... does it make sense ?
  • #230,153
  • Aug 3, 2010 1:28am Aug 3, 2010 1:28am
  • #230,154
  • Aug 3, 2010 1:31am Aug 3, 2010 1:31am
Quoting 45Condor
Yes, UJ looks very weak. However, Cable looks to be preparing for another blast, and Geppy is being refused at the DP. Of course, one has to consider the equity markets as well.

As you have said elsewhere, Geppy is not that nice to trade at the moment. No real trend to follow - more of a range, albeit one that may have seen a topside push the last trading day or so.

here is one possibiltiy,if GU break 1.61 or where ever the main ress level is..then we can see 1.65 ! and that is inle with the 78.6 fib aswell as in real important ress level..

this is one of many views here! i would like that this one can play out..
short from 1.65 to 1.47 the bottom 78.6 and from there on long dong all the way to 2.000
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  • #230,155
  • Aug 3, 2010 1:39am Aug 3, 2010 1:39am
Hi GUCC,

Well, I must admit to having a similar wedge.

http://www.forexfactory.com/showpost...&postcount=279
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #230,156
  • Aug 3, 2010 1:43am Aug 3, 2010 1:43am
Quoting wormboy
hi guys

So far the rejection saw off the W1 res level held. However the bearish candle which negates the H4 candle (arrow) for a valid short setup is not there yet.
Once that happens, we'll have the possible double top to trade off as well.
But since none of the mentioned scenarios had materialised yet, price can still retest the resistance again later & take it out for a bullish continuation.
So, my position remains flat.

Good luck everyone
Okay.

I have a short trade trigger after price preceded the highlighted H4 close (arrow)
The double top is looking real atm. I've sold @136.92 with stop placed @137.85

Let's see how this goes. Good luck everyone!
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Thank You
  • #230,157
  • Aug 3, 2010 2:09am Aug 3, 2010 2:09am
Quoting Beljevina
I'm in awe on how wound up GY appears - this type of a GY M30/H1 chart is fairly rare IMO - PA just itching to pop up. Look how radically different the Jul 28 post-137 high PA is compare to what some might call a double top.

Also check that huge last red volume bar of buyers sometime during NY morning - it's equal in size to the 134 low buyers; might be enough there to propel us to 139 over the next 18hrs.
Well, so much for that. Looks are deceiving, completely like the big boys trading this sucker. I'd say GJ fell due to UJ and now that UJ's seemingly (double) bottomed for the session, GJ may rebound too, but we're under the DPP and 136.9/137 might be it. But, cable declined along with GY, so sterling's getting sold. Go figure.

Guess what didn't looked like a double/triple-top, is. Will have to watch GU and see if that ever so slight touch of 1.596 is it for now.

Not a fan of GY lately - we're doubling our unknowns between a bearish UJ and bullish GU. Out for now.

Shamu, nice call towards 136.
  • #230,158
  • Aug 3, 2010 2:10am Aug 3, 2010 2:10am
Quoting wormboy
Okay.

I have a short trade trigger after price preceded the highlighted H4 close
Nice! I'm in too from 137.18 (only a small position though). IMO 136.3 needs to be tested since price rose from there very quickly without any form of test. I am hoping to hold until at least then and then see if there is a small bounce before continuing down to 135.5 area.
  • #230,159
  • Aug 3, 2010 2:21am Aug 3, 2010 2:21am
Hi Fudomyo,

Good idea about myfxbook, i have 2 account on it, but one of my account can not update (if you have a lot of trade with oanda, the server fail to update it, now i try to trade on my second account (public and small account) .
My advive if you have an account with oanda you have to update the history everyday if not it will fail to update your trade on the server.

Now my position short GU (fibo 61,8%) GY (fail to break the yesterday High and Wr1 )
Short EU top of the ATL resistance Wr2 and hanging man 1HTF, let we see.

SL manual and TP open.

Green pips to all
Trade with the momentum
  • #230,160
  • Aug 3, 2010 3:18am Aug 3, 2010 3:18am
4hr Stochstic points up. I would be BUYING on dips
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