Thread: GBP and JPY Pairs H1 2013

We should rename this thread the "Lonestar Thread". Everyone on this current page has a Texas connection including, yours truly!

Good night gents!

EUR is getting a bit of a boost on the crosses, plus now the news about 1.10 and 1.15 are starting to come out, so I won't be surprised if we get a rally from the middle of the range we are in. 1.33 can't be ruled out, though might be too ambitious. My EUR/AUD long target is 1.2760ish but I'm still bearish on EUR/GBP. WIth the French and then the Greek elections in the next few weeks (also with the SNB's reputation hanging in the balance) the market can be diabolical so I'm going to trade from the long term charts only to avoid the "noise".

here is a small pic of the gt

Originally Posted by TAfool

No gaps. But all is not lost as the USD chart says the turn is nigh.....

Been a sloppy/choppy overlapping mess the last week. That reads correction/consolidation. According to the LPI chart the next move is down and it's also bumping upper down channel line. Likely to be a sharp, deep move.

It's hard to tell from the chart but, the next up window is Cinco de Mayo and the next down window is May 20th.

LPI big chart:
http://www.tafool.com/Charts/eurusd041912LPI.png

USD big chart:
http://www.tafool.com/Charts/usd0419121hGapCharta.png

and the small charts:

Originally Posted by Gregory McLeod

We should rename this thread the "Lonestar Thread". Everyone on this current page has a Texas connection including, yours truly!

Good night gents!

I'm in. Moved to Texas as a kid and lived there a very, very long time.

EU::

3080 supp should be a good one considering we have a double bottom on last 2 days of price action. 3190 clean break require for a move into 3244-52 where I suspect euro would be sold hard for a move possibly under 1.3000 lvl...

30 mins is a simplifier to grab them smaller moves or scalps and also to watch which direction seems stronger or likely.

GL..

Hi D. Your USD chart looks a lot like the USD/CHF chart, on which IMHO first it doubled the width of the price channel and it might still touch the bottom of the channel around 0.9060 in USD/CHF. That makes sense also if Stryker's analysis will be right.

Overall on USDOLLAR losses to 9885 preferred....
4 hrs and 8 hrs where 8 hrs showing a slightly bigger picture...

GL...

But there's one thing that I really wonder about. If what we see on the daily EUR/AUD chart is really a "cup and handle" pattern where the confirmation breakout seems to be happening at the moment, then how will EUR/USD tank to 1.15 or 1.10 as that would just about annihilate the Aussie.
The only possible explanation I can think of: the SNB will lose the fight (we can probably take that as a fact) and USD/CHF will slump, giving EUR/USD a lift by default.

Triangle at end of this consolidation being seen by the market so far.

Originally Posted by rcopadilla

The daily chart is very bullish with a minimum target of the 20MA . All that positive divergence at the bottom have not yet played out and could potentially contribute to a move all the way back up to the upper Bollinger. So for now, I expect any downside action to be shortlived and erased until at least the 20MA target is achieved.

So far, so good. Upper Boll20 on the 4 hour chart was just tagged. But not yet on the H6 and H8. The downside action has been short-lived per the gameplan.

hello and good morning traders!

as i said yesterday there is high probability that we might break to the up side right atm we are doing so i have raised my stops to just under 1.3115 with tp around 1.3220 first target the second one i would like to take right when prices touches the weekly downtrend line shown in charts with arrow find it on the right hand side of the chart, play safe and use leverage wisely
good luck to you all!

Originally Posted by rcopadilla

So far, so good. Upper Boll20 on the 4 hour chart was just tagged. But not yet on the H6 and H8. The downside action has been short-lived per the gameplan.

Here's a current H8 chart. Its upper Boll20 is at 1.32005 and rising. The one on the H6 is around 1.3190 and also rising.

4hr chart...
if this breakout is true then we could see a move to 3270-80 levels which is very important...

Originally Posted by Clivewaverider

I completely agree - all those years of grist in one place and from the sorts of people that are in part if not completely off the 'grid'. Special place and why I try and treat it with kitten gloves.

I have covered my longs going into the Claims report and am off swimming instead. Catch up later.

Longs taken off here now - was hoping for shorts to be released first but hey ho. If that was a valid triangle, then pokes/thrusts out of triangles are meant to be terminal/ending moves. happy to go naked now above 1.3170 and will fade further up.