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

  • #230,801
  • Aug 19, 2010 8:46am Aug 19, 2010 8:46am
Quoting forexlion
ok

here is your babe as requested

she exercises regularly too

http://www.youtube.com/watch?v=azXDKkR0bRM
Always interesting that you don't see many of these disrespectful and non-trading posts over in your 'serious cable thread'; guess it's OK to pollute other threads. Wow, back up to 5 vouches - people forget I guess. Anyways, let's get serious...

I was up trying to catch GY moves overnight but napped when action didn't look upcoming, and missed what was a <20 minute bull entry window as GU dipped to 1.55 again, and then rode back up to almost yesterday's high. VSA called this move easily, and hindsight confirms the low risk of a buy down there, with a tight stop loss. Key was forexlive's insight that big buyers were at that level yesterday, and either they added or others piled in. Makes GU look pretty bullish to me and I'd expect new highs perhaps even during today's NY session. The 50% fib of yest's high looks to currently be providing good support at 1.56183. Looks like good buying 3 M30 bars ago too.

Note how significantly UJ was just bought down at 85.16. Equities have opened down, but I'd expect a rise from here. Should the Philly news cause a downturn, I'd expect more UJ/yen cross buyers towards 85. Think I'll wait until after the news, and hope we don't have the lethargy that almost all of yesterday's NY session delivered. The 1100 S&P ceiling is tough, and there is a chance that it might need to bounce down to tease/build more buyers/strength.
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  • #230,802
  • Aug 19, 2010 9:04am Aug 19, 2010 9:04am
Closing the loop on the news I mentioned. Wow, crappy. Buying oppties? Let's see. UJ should go to 85.8.
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  • #230,803
  • Edited 9:33am Aug 19, 2010 9:24am | Edited 9:33am
That George, he's a sharp old bugger: http://www.forexfactory.com/showthre...243587&page=24

Opps - it would help if I indicated the post number: http://www.forexfactory.com/showpost...&postcount=352


Quoting Beljevina
Closing the loop on the news I mentioned. Wow, crappy. Buying oppties? Let's see. UJ should go to 85.8.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #230,804
  • Aug 19, 2010 9:24am Aug 19, 2010 9:24am
Quoting edkami
thanks so much in helping us new traders!!! i need the help.
Nice quote. I'd like to say the same.
  • #230,805
  • Aug 19, 2010 9:31am Aug 19, 2010 9:31am
Am watching DX Daily chart very closely for it's daily close. If we bounce from here and close near the high of today's candle, then further downside will be less likely.

Today's data coupled with the Dollar sell-off smacks of a shakeout to me and I will be looking for Dollar longs.
  • #230,806
  • Aug 19, 2010 9:32am Aug 19, 2010 9:32am
Quoting forexlion
ok

here is your babe as requested

she exercises regularly too

http://www.youtube.com/watch?v=azXDKkR0bRM
indian madness as usuall....
Imanuel Parsifal
  • #230,807
  • Aug 19, 2010 10:03am Aug 19, 2010 10:03am
Cable weaking at the expense of UJ strength/buying. Did buy some more at 1.5622, but SL is 50% fib of last rise, 1.5618. Once FTSE closes, we'll hopefully head up, but trading is likely to become thin, and 1.567 would be a surprise.
  • #230,808
  • Aug 19, 2010 10:18am Aug 19, 2010 10:18am
132.80 is no support. Place to buy.
  • #230,809
  • Edited 10:42am Aug 19, 2010 10:28am | Edited 10:42am
Quoting fxghost
132.80 is no support. Place to buy.
I think you meant to say it is support, midway? Good buy, and you're in the company of others if you did.

Also, didn't realize equities were in such poor shape, yet, yet correlation to yens isn't strong. (Pic as of 11:36 EST) Again, lots of movement to and UJ buying down at 84.95.
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  • #230,810
  • Aug 19, 2010 10:45am Aug 19, 2010 10:45am
yes. Support.
  • #230,811
  • Aug 19, 2010 10:59am Aug 19, 2010 10:59am
....but as per my esrlier post about the Dollar index; it's strengthening. if it closes above today's open, the long awaited, (and necessary), Dollar rally could be upon us.
Like I say, not a call, just something to be mindful of.

Let's see.
  • #230,812
  • Aug 19, 2010 10:59am Aug 19, 2010 10:59am
Quoting Beljevina
Cable weaking at the expense of UJ strength/buying. Did buy some more at 1.5622, but SL is 50% fib of last rise, 1.5618. Once FTSE closes, we'll hopefully head up, but trading is likely to become thin, and 1.567 would be a surprise.
Well that didn't last did it. Equities are tanking, S&P @ new low about 1070. VIX up a lot. GU dropping nervously quick 40 pips in <10 min to 1.56 DPP at 1.559 not likely to hold ... stops must be getting taken out. Good luck & congrats to all the shorters. NY lunchtime might give a pause, if not, that's not good.

BTW, Obamaspeak apparently coming up in the next hour; he's to talk economy.
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  • #230,813
  • Aug 19, 2010 3:51pm Aug 19, 2010 3:51pm
Right now I see two levels of support. One is 132.80 and another is 132.40. I do not trade asian sesions so if support levels are not reached during european sesions, I might take a day off. Fridays as you know are crazy days.
  • #230,814
  • Aug 19, 2010 4:19pm Aug 19, 2010 4:19pm
Is this Friday Option Expiry...?

G/J ranging for 3-4 months now....(Crazy)
Markets are not Random, they are designed!
  • #230,815
  • Aug 19, 2010 4:28pm Aug 19, 2010 4:28pm
I know I keep banging on about it, but DX is crucial right now. It has bounced strongly off the low today in spite of the terrible US data. If it closes the day higher than the open, I think a Dollar rally of sorts could be upon us. That would take GU, EU, AU and Gold down and UCh up.

GY is likely to stay range-bound, so the best trading opps may lie elsewhere...... unless......
the BoJ act upon any reasonable Dollar bounce and keep the push going.

Will be a very interesting few days think.
  • #230,816
  • Aug 19, 2010 5:01pm Aug 19, 2010 5:01pm
If you lookat daily GU, it only says one thing....Down, Down Down...I hope we see a spike up to reload shorts....

Quoting ukdaytrader
I know I keep banging on about it, but DX is crucial right now. It has bounced strongly off the low today in spite of the terrible US data. If it closes the day higher than the open, I think a Dollar rally of sorts could be upon us. That would take GU, EU, AU and Gold down and UCh up.

GY is likely to stay range-bound, so the best trading opps may lie elsewhere...... unless......
the BoJ act upon any reasonable Dollar bounce and keep the push going.

Will be a very interesting few days think.
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  • #230,817
  • Aug 19, 2010 6:55pm Aug 19, 2010 6:55pm
Quoting Fusion
If you lookat daily GU, it only says one thing....Down, Down Down...I hope we see a spike up to reload shorts....
1.55 will be vigorously defended - big names were buying there the last 2 times it visited, not to mention, there must still be a lot of longs in the money.
  • #230,818
  • Aug 19, 2010 7:21pm Aug 19, 2010 7:21pm
not to forget about this one too ..
http://cdn.forexfactory.com/attachme...1&d=1282153624

better view on H4 using Fib fan.
I think if GU H4 candle close below 15500 it will be good chance for short, I will update then.
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  • #230,819
  • Aug 19, 2010 7:55pm Aug 19, 2010 7:55pm
Quoting Beljevina
1.55 will be vigorously defended - big names were buying there the last 2 times it visited, not to mention, there must still be a lot of longs in the money.
The only thing that I find odd it that given the good news of last night and the huge hourly candle that we had after that, why is PA coming down like a wounded animal? If there was so much buying, what is the main reason behind this down move for the past 12 hours? Do they wanna accu. more?
  • #230,820
  • Aug 19, 2010 8:17pm Aug 19, 2010 8:17pm
Quoting Fusion
The only thing that I find odd it that given the good news of last night and the huge hourly candle that we had after that, why is PA coming down like a wounded animal? If there was so much buying, what is the main reason behind this down move for the past 12 hours? Do they wanna accu. more?
GU would be at a higher level were it not for the bad us jobs data released at the start of the NY session. Risk is now off. It emboldens the bears. Correlation remained high through the session, and it echoed and essentially stayed in the dumpster, just like the S&P and DOW. And, where the post-noon period (NY time) movement usually ceases to a 10pip range, it dropped another 30-40 pips.

The down move of course emboldens the bears, and just in time for Friday, we're likely see some big swings for London. Not saying 1.55 will be the one to hold again, but it's certainly a key area to watch, esp. if London has a down day.

If the bulls feel they're still in the right, you bet they will accumulate more. Things seem untested up above 1.57 and a thrust up to 1.59, 1.592 could be in the cards next week, after 1.58. Just speculation of course.

I am though concerned though over it's inability to break 1.57 and thrust up for a week now, as it represents being able to only edge up 38.2% of the fall from 1.60
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