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

  • #230,681
  • Aug 16, 2010 8:22pm Aug 16, 2010 8:22pm
could somebody post a USDJPY chart on H4 timeframe (mine on the last 2 candle backs are missing) or it's something that i miss...i just wanna compared it with mine...seems like some of my feed is missing...sorry guys...requesting/posting on some thing different than the dragon...
  • #230,682
  • Aug 16, 2010 8:33pm Aug 16, 2010 8:33pm
Quoting DubaiFX
AS we know inflation data is due

i am Bullish on GY well results comes and it may hit me hard but
at my techincal view i am long and will see what BIG BOYS will do to the market today,

to me 4h chart is very usefull for trend reversal some might agree some will not
technicals suggests we might break up side
see the chart.. and tell me if i am wrong
i will appreciate every comment

Trade Wisely...
Hi Dubai Fx,

Just have a look at HTF like the weekly, me im bearish (in position already) i think we can go more down like touch the DS1 before upside just what i think but i will trade my chart and reconsider my position if it break M and W pivot.
Green pips to us
Trade with the momentum
  • #230,683
  • Aug 16, 2010 8:42pm Aug 16, 2010 8:42pm
Quoting sailor68
Hi Dubai Fx,

Just have a look at HTF like the weekly, me im bearish (in position already) i think we can go more down like touch the DS1 before upside just what i think but i will trade my chart and reconsider my position if it break M and W pivot.
Green pips to us
GU bearish (same view on Weekly TF)
Trade with the momentum
  • #230,684
  • Aug 16, 2010 10:03pm Aug 16, 2010 10:03pm
Quoting Mr.Elliott
could somebody post a USDJPY chart on H4 timeframe (mine on the last 2 candle backs are missing) or it's something that i miss...i just wanna compared it with mine...seems like some of my feed is missing...sorry guys...requesting/posting on some thing different than the dragon...
good trades
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  • #230,685
  • Aug 17, 2010 12:17am Aug 17, 2010 12:17am
GU DPP around 1.56263 looks to be holding. Trying a GU long 1.5636 with a very tight or BE SL. GJ doesn't look done though.
  • #230,686
  • Aug 17, 2010 12:39am Aug 17, 2010 12:39am
Quoting Beljevina
GU DPP around 1.56263 looks to be holding. Trying a GU long 1.5636 with a very tight or BE SL. GJ doesn't look done though.
The daily doesn't yet give me huge confidence that we've cleared and are done with the lower channel - every other of the previous 2 touches on the daily took 2 candles to clear it, and that was a more cable optimistic period, unlike the indeterminate cable and market state we're momentarily in.

H4 makes it look like a done deal on the lower TL touch and candle print, although lurking up at 1.57 is lots of supply that's been very efficient at sending sterling back down.

Plus, we've got the unknown of the news in an hour. If it is bad news, we could be testing 1.557, or 1.554/3. That wouldn't be a bad thing for potential longs. Regardless of whether we get there again today, today's daily chart should clarify for us if the channel will hold. Lots of wood to chop on the way up though.

And, the big unknown is where the equity markets will head for this week. The market is confused and it's hard to say if bulls or bears will win out. Should it be bulls, it's possible to melt-up to DOW 11K given the money that should enter the markets. If the bad news dominates over this week, the yens will head down, and cable & EU among others will too.
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  • #230,687
  • Aug 17, 2010 12:44am Aug 17, 2010 12:44am
Looks like a triangle

Weekly Gann,10 - 132.70
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  • #230,688
  • Aug 17, 2010 12:48am Aug 17, 2010 12:48am
has more room to down side....IMO....154.15..(it would be perfect)

I may have to reconsider if above 157.28...( Fib resistence)
Markets are not Random, they are designed!
  • #230,689
  • Aug 17, 2010 12:49am Aug 17, 2010 12:49am
Quoting riko2705
good trades
seems that my feed is missing....i'm suppose to get one bear candle there (@20:00 but it didn't appear) thanks again...good luck and green pips....
  • #230,690
  • Aug 17, 2010 12:51am Aug 17, 2010 12:51am
Quoting Raza
has more room to down side....IMO....154.15

I may have to reconsider if above 157.28...( Fib resistence)
i'm not worry about GJ..but GU is panicking me though....EJ and EU charts are very disturbing from my view....
  • #230,691
  • Aug 17, 2010 1:06am Aug 17, 2010 1:06am
Quoting Mr.Elliott
i'm not worry about GJ..but GU is panicking me though....EJ and EU charts are very disturbing from my view....
It depends what TF you are looking at..

Just take a look at 4 Hr for now... AND what daily may become for CANDLE STICK...

Weekly is speaking for it self.
Markets are not Random, they are designed!
  • #230,692
  • Aug 17, 2010 1:07am Aug 17, 2010 1:07am
If close below the trendline,then I will close my long pos.
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  • #230,693
  • Aug 17, 2010 1:23am Aug 17, 2010 1:23am
Quoting Raza
It depends what TF you are looking at..

Just take a look at 4 Hr for now... AND what daily may become for CANDLE STICK...

Weekly is speaking for it self.
raza, i didn't get you....yes i'm looking in H4...daily and weekly look bullish to me...(care to explain more...thanks in advance i might be missing something) that why i'm worried...cause i may reflect GJ and GU...
  • #230,694
  • Aug 17, 2010 1:38am Aug 17, 2010 1:38am
Quoting Mr.Elliott
raza, i didn't get you....yes i'm looking in H4...daily and weekly look bullish to me...(care to explain more...thanks in advance i might be missing something) that why i'm worried...cause i may reflect GJ and GU...
Pound looks bearish to me ..this week...( could be wrong) week still has 4 more days left...

but U/J seems Bullish....G/J does not have correlation with it these Days...IMO...

U/J may take a Pair Up with it like CAD/JPY or AUD/JPY..
Markets are not Random, they are designed!
  • #230,695
  • Aug 17, 2010 1:40am Aug 17, 2010 1:40am
Quoting Beljevina
GU DPP around 1.56263 looks to be holding. Trying a GU long 1.5636 with a very tight or BE SL. GJ doesn't look done though.
Stupid news spike took me out @ BE. And of course returned to where it was, implying unrealized profit. The spike down to the 50% fib was bought. Just need to break that silly downtrend line. Buying, but BE stops.

I can see some further silliness down to 1.553, and then as part of a bullish NY session, we clear 1.57 - just a guess.
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  • #230,696
  • Aug 17, 2010 1:47am Aug 17, 2010 1:47am
Quoting Raza
Pound looks bearish to me ..this week...( could be wrong) week still has 4 more days left...

but U/J seems Bullish....G/J does not have correlation with it these Days...IMO...

U/J may take a Pair Up with it like CAD/JPY or AUD/JPY..
i thought i'm missing something.same view here...pound looks weak....(for your info...i'm shorting GBPJPY and GBPUSD) but the thing here is Euro seems like showing some strength upon yen and dollar...(it might also bring GJ and GU together, correct me if i'm wrong) and i'm also still shorting UJ from 85.80 (locked at BE+1) coz USDCAD are showing some berishness....(please correct me if i'm wrong and all comments are welcome)
  • #230,697
  • Aug 17, 2010 1:54am Aug 17, 2010 1:54am
Quoting Mr.Elliott
i thought i'm missing something.same view here...pound looks weak....(for your info...i'm shorting GBPJPY and GBPUSD) but the thing here is Euro seems like showing some strength upon yen and dollar...(it might also bring GJ and GU together, correct me if i'm wrong) and i'm also still shorting UJ from 85.80 (locked at BE+1) coz USDCAD are showing some berishness....(please correct me if i'm wrong and all comments are welcome)
EUR/USD

Take a look at weekly Engulfing candle...

Can it go higher than 1.30 this week...???

So over all US dollar should be gaining some strenght this week.IMO...
Markets are not Random, they are designed!
  • #230,698
  • Aug 17, 2010 1:58am Aug 17, 2010 1:58am
....Difficult market right now. Have been taking some exposure off the table until we see some clear direction. The rise in AU, GU and EU does look trappish to me, but we'll soon know. Worth remembering that we've only retraced 100 pips in GU from the last low, despite rumoured strong buying interest from sovereigns. Maybe it's accumulation at the floor, we simply don't know right now, but volumes have been pretty light.
It wouldn't surprise me if we see a rangy nothing kinda market until the holidays are finished.

A quick look at DX Daily and yesterday's retracement does not look out of the ordinary.

We have unfinished business below 133 IMO, but let's see.
  • #230,699
  • Aug 17, 2010 2:03am Aug 17, 2010 2:03am
Quoting Raza
EUR/USD

Take a look at weekly Engulfing candle...

Can it go higher than 1.30 this week...???

So over all US dollar should be gaining some strenght this week.IMO...
no i don't think so...the most EUR/USD could go is as high as 1.3000. so you were saying, if i'm correct EUR/USD might be going down (where US dollar is stronger). i didn't see that was coming...thanks again raza... i think you're correct...
  • #230,700
  • Aug 17, 2010 2:47am Aug 17, 2010 2:47am
Quoting grashid
when i take a look H1 & H4 vs M15 right now, it should touch 1.57-1.578 at least before decide to continue bear or break to the Upper side for bull continution. White rectangular box is my observation atm.

Just my 2 cent
...

EY n GY
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