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Myrza replied Mar 19, 2010hidden divergence at work? Let just hope this is big time
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 19, 2010
High possibility we will see a daily doji here. Contemplating buying jpy pair is not a bad idea. They are really in a tight spot. In this game of G and J tug of war..my guess is we will close daily @ around 138.5. I could be wrong
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 19, 2010
But will the jap let this happen? If I am the BOJ I will intervene( before market closes)..closing all shorts..start building long
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 19, 2010
That was a real stops eater...Gbp still has room to drop but Jpy is in a tight spot..We are lucky if this can go down to 137 but I am not buying yet
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 19, 2010
I wonder what will happen if Jpy wedge is broken
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 18, 2010
No s***...but you both have funny usage of language...Like "YIP"...sounds familiar to me!!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 18, 2010
Jpy is looking good but why is the train not moving?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 18, 2010
I am being careful..sl @ BE...actually still not sure where we are heading
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 18, 2010
Gbp pennant is breached..I am buying
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 18, 2010
Technically,now it is a game of tug of war between Gbp and Jpy indices. Gbp H4 is stuck and is rejecting the bottom of inside bar( strengtening). Jpy hourly has hit resistance and fib 62...it is weekening. IMO..better lock in or bag your pips for ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
Out of all shorts..trendline holds. We could be looking for a revisit of 138.6 or 139.3 or straight to 140
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
IMO..the whole down move is purely technical so I think the move will be limited to GJ LTL @ 136.. Just look at UJ ..it has been in suspended animation for a few days. If Jpy index reach utl..GJ may spike up
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
a little digression — This could be the big one for AU$
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
nope..Zimbabwe..closer to home
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
good for u Don..Aussie is for sissy but I am waiting for the big Au$ bear run
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
anybody selling this? JP index @ fib 76 and GB index @fib 62..I will take this gamble @ 139. SL 50 pips
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Myrza replied Mar 17, 2010
well..there goes my short at be +1. But it would be nice if this makes a good retracement for a long entry..
Auslanco - GBP/JPY and GBP/USD (newstrade)