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

  • #1,461
  • Jul 30, 2007 11:58pm Jul 30, 2007 11:58pm
Quoting auslanco
The overall medium trend is bearish according to my idea...Only the monthly long term trend is bullish..This is a correction from the last week sell off.
...and this is what i'm saying...the world stock markets are in positive territory so is the carry trade (a correction?..or is this the end of the sell off?...we don't know, but we can speculate)....and if Jappan won't raise the interest rates?...the markets are pricing in that possibility...gbp/jpy has the potential to go up untill we get fresh data from the US, and we should watch out for any surprises in the credit market...if that happens the sell off will contunue.....
and BTW since the upward movement can go soooo slow, in my opinion the right thing to do is wait up until the dust settles and take the 'carry' ride once again ......
  • #1,462
  • Jul 31, 2007 12:00am Jul 31, 2007 12:00am
*(JP) JUNE HOUSING STARTS YOY: 6.0% V -3.5%E; ANNUALIZED: 1.35M V 1.25ME
- June Construction Orders YoY: % v 1.6%e<USD/JPY EWJ EUR/JPY>
  • #1,463
  • Jul 31, 2007 12:01am Jul 31, 2007 12:01am
This will start catching up with the 4hr trend >>>UP
  • #1,464
  • Jul 31, 2007 12:03am Jul 31, 2007 12:03am
why wouldn't this strengthen the yen?
  • #1,465
  • Jul 31, 2007 12:03am Jul 31, 2007 12:03am
GBP/JPY - Pivot: 240.27 Support 1: 239.11 Support 2: 237.17 Resist 1: 242.21 Resist 2: 243.37 200 Day MA: 235.49
  • #1,466
  • Jul 31, 2007 12:04am Jul 31, 2007 12:04am
*(jp) July Small Business Confidence: 48.4 V 48.4 Prior
  • #1,467
  • Jul 31, 2007 12:08am Jul 31, 2007 12:08am
Quoting seanFX
...and this is what i'm saying...the world stock markets are in positive territory so is the carry trade (a correction?..or is this the end of the sell off?...we don't know, but we can speculate)....and if Jappan won't raise the interest rates?...the markets are pricing in that possibility...gbp/jpy has the potential to go up untill we get fresh data from the US, and we should watch out for any surprises in the credit market...if that happens the sell off will contunue.....
and BTW since the upward movement can go soooo slow, in my opinion the right thing to do is wait up until the dust settles and take the 'carry' ride once again ......

Hi Sean.. You got a strong point.. I agree that this is not the carry trade back in action.. I'm trying to catch the retracement of the last week's sell off.
  • #1,468
  • Jul 31, 2007 12:08am Jul 31, 2007 12:08am

this words is something we should research...a self discretion...
a faith in analysis...something that i believe i dont have...

Quoting auslanco
This will start catching up with the 4hr trend >>>UP

"Analysis Is Hard But Trade Is Easy"
  • #1,469
  • Jul 31, 2007 12:12am Jul 31, 2007 12:12am
GJ, UJ, and GU all went down together to touch their 4h 5SMA and bounce
Trade what you see, not what you think.
  • #1,470
  • Jul 31, 2007 12:13am Jul 31, 2007 12:13am
Everyones very quiet. All sitting there with our mouths open?
  • #1,471
  • Jul 31, 2007 12:14am Jul 31, 2007 12:14am
I just bought some more. But, I ended up losing some while trying to short this on the way down.
  • #1,472
  • Jul 31, 2007 12:16am Jul 31, 2007 12:16am
Big drop!
Auslanco, Should we close our long positions?
Oh, news session, no wonder.
  • #1,473
  • Jul 31, 2007 12:18am Jul 31, 2007 12:18am
Quoting frank99
I just bought some more. But, I ended up losing some while trying to short this on the way down.
This is a news reaction.. Have seen this .. million times before.. iam still holding on to my longs
  • #1,474
  • Jul 31, 2007 12:19am Jul 31, 2007 12:19am
My thoughts:
Attached Image
  • #1,475
  • Jul 31, 2007 12:19am Jul 31, 2007 12:19am
YOu seem so calm. The rest of us (at least myself) are sweating. :-)



Frank



Quoting auslanco
This is a news reaction.. Have seen this .. million times before.. iam still holding on to my longs
  • #1,476
  • Jul 31, 2007 12:20am Jul 31, 2007 12:20am
Hi,

been following this thread Thanks AUS

i will still holdon to my longs, and setting my SL at 240.55
Why do people only post a nice trending period chart?
  • #1,477
  • Jul 31, 2007 12:22am Jul 31, 2007 12:22am
Quoting Al_Have1
My thoughts:
Excellent thought, like it.
  • #1,478
  • Jul 31, 2007 12:22am Jul 31, 2007 12:22am
Quoting frank99
YOu seem so calm. The rest of us (at least myself) are sweating. :-)



Frank
Sweating? Hah, well that's an understatement...
  • #1,479
  • Jul 31, 2007 12:23am Jul 31, 2007 12:23am

same here...after hours waiting for signal comfirmation...
im not gonna close trade for something like that...


Quoting auslanco
This is a news reaction.. Have seen this .. million times before.. iam still holding on to my longs

"Analysis Is Hard But Trade Is Easy"
  • #1,480
  • Jul 31, 2007 12:24am Jul 31, 2007 12:24am
I've burned 200 calories in the last 15 min sitting here. :-)


Quoting stevenou
Sweating? Hah, well that's an understatement...
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