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Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
Dislikedokok, firstly, yen is VERY overvalued. there is no justification for these levels anyway
but also, central bankers are worried about gold price, and they do NOT like to see gold rising. there will be some form of intervention to bolster usd (and gbp will benefit)
but also, fundamentally, the reason UK has been being hit so hard is expectations of further printing, and so on. they can't .. they're starting to realise britain is a one off country, one that is MEANT to run a balance of trade deficit, and can afford to given its size. it is destined...Ignored
Dislikedokok, firstly, yen is VERY overvalued. there is no justification for these levels anywayIgnored
QuoteDislikedbut also, central bankers are worried about gold price, and they do NOT like to see gold rising. there will be some form of intervention to bolster usd (and gbp will benefit)
QuoteDislikedbut also, fundamentally, the reason UK has been being hit so hard is expectations of further printing, and so on. they can't .. they're starting to realise britain is a one off country, one that is MEANT to run a balance of trade deficit, and can afford to given its size. it is destined to be an international consumer as opposed to producer, so a strong pound is necessary.
QuoteDislikedbut also, strong pound is necessary to attract FDI.
not only these, but japan is going to go back on its previous non interventionist stance i assure you... that is, unless people actually realise beforehand that yen is way overvalued anyway
DislikedSomething similar to now happened at 118; a double dip in a very strong downtrend, everyone was expecting further falls, but we bounced hard. 118 hasn't been seen since.
The smart money would be on further falls, but it's by no means certain, especially considering AY hasn't joined the bear club yet.Ignored
DislikedAgree yen is overvalued, disagree there is no justification. Yen carry trade was very big for very many years, all those yen are now repatriated, so JPY is strong. Justified.
Errr what?
1. How the hell would you have any clue what central bankers are worried about? Are you one?
2. How the hell can you claim they do not like to see gold rising when gold has been in an accumulation pattern for 12 months?
3. Will there be? Maybe 500 pips...Ignored
Dislikedokok, firstly, yen is VERY overvalued. there is no justification for these levels anyway
but also, central bankers are worried about gold price, and they do NOT like to see gold rising. there will be some form of intervention to bolster usd (and gbp will benefit)
but also, fundamentally, the reason UK has been being hit so hard is expectations of further printing, and so on. they can't .. they're starting to realise britain is a one off country, one that is MEANT to run a balance of trade deficit, and can afford to given its size. it is destined...Ignored
DislikedA/J boosted by commods and carry. She hasn't exactly managed to breach 0.8 anyway while A/U was on the way up, hardly bullish!
E/J has definitely joined the party. Don't be too concerned about A/J, just keep this picture in mind:Ignored
DislikedWell, obviously Aussie has been buoyed by the rate hike, but RonPaul does have a point. EVERYONE is short. We shouldn't fight it, but we should at least be aware that things can turn on a dime.
I remember 118 very well, everyone here was screaming 112, 96, 60 etc and it's very easy to be swayed when other traders are so 'certain'
One decision by a central bank and we're back up.Ignored
DislikedJust took a long scalp. Not expecting a trend change, just reading VSA on 5m shows some buying interest.Ignored