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

  • #232,461
  • Edited 12:47am Oct 7, 2010 12:12am | Edited 12:47am
Quoting fx-gucci
hey razman! your view --- i like it.. when i have time i will post later a chart of eur/aud --- hey !!! thats a retirement trade-trust me on that one--not now,but later --
OK. later than..

I have a plan for AUD as well..

Euro/Usd something is not right ATM... With a No demand Bar in Daily( it does not look like a Bullish Candle) Change of Plans I guess I am going to short Soon for 200 pips..
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Markets are not Random, they are designed!
  • #232,462
  • Oct 7, 2010 12:15am Oct 7, 2010 12:15am
Quoting Raza
OK. later than..

I have a plan for AUD as well..

Euro/Usd something is not right ATM... With a No demand Bar in Daily( it does not look like a Bulliss Candle) Change of Plans I guess I am going to short this right now for 200 pips..
here is gbp/jpy ..eur/usd..eur/aud

eur/usd will only have deep pullback,but we will overall go back to 1.4450
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  • #232,463
  • Oct 7, 2010 12:32am Oct 7, 2010 12:32am
I see a failed attempt to retest the 131 mark. Buying right from here. Stop below last week low. First Target is 133, Second 135 and Third target is 137. Mind you, i will watch out for possible reversals at these levels as well.
Orderliness of Randomness
  • #232,464
  • Oct 7, 2010 1:16am Oct 7, 2010 1:16am
this thread has certainly changed over the years..... wow......

well, I'll chime in as I'm long as well. 131.48.

133.26/134.29 would be TP areas for me then 137.

1Hr and Daily chart trading mostly these days.
Not enough time in the day.

oh, and watch my show 'Outsourced' on NBC Thursday at 9:30pm..... ;-)
(shameless plug)

trade well.
  • #232,465
  • Oct 7, 2010 1:30am Oct 7, 2010 1:30am
Quoting budak baru
Raza.this is my cents.im selling because price touch upper channel.target 1.3380(weekly 5sma)
change my plan.not selling yet until reach 1.4(upper channel)
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Gold Expedition Return This Year: -16.6%
  • #232,466
  • Oct 7, 2010 1:51am Oct 7, 2010 1:51am
Whenever I see occassional supports and resistances,I see money! This is surely a great thread for many traders to make money too.Good job!
we cannot succeed without a well defined risk management.
  • #232,467
  • Oct 7, 2010 3:02am Oct 7, 2010 3:02am
Hope that we will see that it's down for up to 100 pips more, before thinking of Long side.

Pham.
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  • #232,468
  • Oct 7, 2010 3:11am Oct 7, 2010 3:11am
gj strong to break 128..
  • #232,469
  • Edited 4:18am Oct 7, 2010 3:17am | Edited 4:18am
http://www.forexfactory.com/showpost...stcount=232397
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  • #232,470
  • Oct 7, 2010 6:34am Oct 7, 2010 6:34am
There's a good short here on GJ unless it stays above 131.83. I'm in small short, S/L 132.30, T/P 131.40
Hyper-fx
  • #232,471
  • Oct 7, 2010 7:24am Oct 7, 2010 7:24am
Quoting hyper-fx
There's a good short here on GJ unless it stays above 131.83. I'm in small short, S/L 132.30, T/P 131.40
Hyper-fx
good trade, critical level held...T/P
  • #232,472
  • Oct 7, 2010 7:46am Oct 7, 2010 7:46am
Quoting maanawi
im not sure about that deep to go (78) but watch for 82.52 & 82.25 !
and for monthly / weekly close below 83.87~ (one day left) .. could mean a chance for a new low
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  • #232,473
  • Oct 7, 2010 9:06am Oct 7, 2010 9:06am
Think Euro is done for now......some crazy engulfing on 1 hr...100 pip drop

For gbp/ yen.... almost bullish!! ???
Markets are not Random, they are designed!
  • #232,474
  • Oct 7, 2010 9:09am Oct 7, 2010 9:09am
Quoting Raza
Think Euro is done for now......some crazy engulfing on 1 hr...100 pip drop

For gbp/ yen.... almost bullish!! ???
gold achieved your max target nor mine, I dont know if it will start a big reverse now or it will make new highs
  • #232,475
  • Oct 7, 2010 9:12am Oct 7, 2010 9:12am
Quoting kujo17
this thread has certainly changed over the years..... wow......

well, I'll chime in as I'm long as well. 131.48.

133.26/134.29 would be TP areas for me then 137.

1Hr and Daily chart trading mostly these days.
Not enough time in the day.

oh, and watch my show 'Outsourced' on NBC Thursday at 9:30pm..... ;-)
(shameless plug)

trade well.
WOW.. you are an amazing photographer............
Markets are not Random, they are designed!
  • #232,476
  • Oct 7, 2010 9:14am Oct 7, 2010 9:14am
Quoting maanawi
gold achieved your max target nor mine, I dont know if it will start a big reverse now or it will make new highs
If Gold goes above this HIGH 1355.55.... Then its not gonna look back for a While...IMO,,,
Markets are not Random, they are designed!
  • #232,477
  • Oct 7, 2010 11:46am Oct 7, 2010 11:46am
be careful with longs, bro.
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  • #232,478
  • Edited 12:47pm Oct 7, 2010 12:35pm | Edited 12:47pm
Quoting naatha
http://www.forexfactory.com/showpost...stcount=232397
Nice chart; rather self-fulfilling as many of your posts/charts tend to be. I'm kind of hoping the one you posted just above mine will not self-fulfill.

Not good for sterling. We've seen a fairly spectacular rejection of 1.6. If we close below 1.586, and break 1.58, we're heading to <1.56. Any chance of getting back up there is a week out IMHO. Of course depends on what the good'ol' US buck does. Just imagine if BoE had announced QE, as opposed to generally "good" overall news.

And although UJ has stabilized - resulting in GU's decline - it's nowhere enough to stop GY's channel slide. Doesn't look like the historically important 130.5 is going to hold. Note also GY correlation to S&P is turned on today - how convenient.
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  • #232,479
  • Oct 7, 2010 2:13pm Oct 7, 2010 2:13pm
Quoting Beljevina
Nice chart; rather self-fulfilling as many of your posts/charts tend to be. I'm kind of hoping the one you posted just above mine will not self-fulfill.

Not good for sterling. We've seen a fairly spectacular rejection of 1.6. If we close below 1.586, and break 1.58, we're heading to <1.56. Any chance of getting back up there is a week out IMHO. Of course depends on what the good'ol' US buck does. Just imagine if BoE had announced QE, as opposed to generally "good" overall news.

And although UJ has stabilized - resulting in GU's decline - it's...
i dont think so... this pullback dont look signifficant as a top and gu might see 1.6450 first before 1.56--- when USD index hit 76.00, then YES --reversals !! we test 77.xx 2day (78.6 fib from daily swing,but spikes below that is coming.. my cards is 76.00 from weeks ago ! the same with eur/usd 1.4450 ..

GY--- yes that 130.50 might not hold--- dont know- been waiting 3 weeks now for 130.12 to test, but now i might sit it out, or try small longs only
  • #232,480
  • Oct 7, 2010 2:46pm Oct 7, 2010 2:46pm
Quoting fx-gucci
i dont think so... this pullback dont look signifficant as a top and gu might see 1.6450 first before 1.56--- when USD index hit 76.00, then YES --reversals !! we test 77.xx 2day (78.6 fib from daily swing,but spikes below that is coming.. my cards is 76.00 from weeks ago ! the same with eur/usd 1.4450 ..

GY--- yes that 130.50 might not hold--- dont know- been waiting 3 weeks now for 130.12 to test, but now i might sit it out, or try small longs only
Yeah, that 1.64 is calling, but the (beige box) area of the 400 pips up to it could be a tough slog with what is the weakest currency next to the USD. 1.6 is a significant resistance zone and heavy psychological barrier. (Sorry, terrible chart & colour choices on it)

IMO it'd be surprising to see GU head up there w/o testing 1.55 or somewhere above it, to build strength and affirm bullishness. 1.557/1.55 really hasn't been tested and should be on a trek upwards. 1.557 is important as a floor because of the meteoric 1.42-to-1.60 rise - the UK environment would have to be very bullish and optimistic for it to not revisit down there. It could actually fail there, and then we dip down into the yellow zone.

Today's rejection candle/wick will also be among the most prominent on the chart, and each one like that has sent cable back down for a retrace. Oh, and let's not forget unavoidable fundamentals (courtesy of Ashraf):

1) Institute of Directors Asking BoE to Pump 50 bln in Additional QE (Bel: consensus is that a QE decision is expected in 4Q)
2) IMF says UK may have to STOP ITS SPENDING CUTS if these are a danger to growth (something not Credit Rating Agencies want to hear)
3) Leak by UK Treasury to the FT that spending cuts may in fact be delayed.


Of course what the US$ does is key here, as is NFP. I'd posted elsewhere on USDX - if it beelines down to that TL from March 2008, then yeah, we're likely to see more rises in EU and GU, but, the US$ demise of the last weeks just seems like too much and too easy IMO - my vote is with a bit of a retrace before it's downward continuation. More fun to come tomorrow; London & Asia should be a dog in the meantime.
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