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

lots of people jumping in for the retrace. As soon as it retraces, it will probably dive again.

Ok I took a small profit and will re-short at the 1 hr retrace...

Guys..take your profit and sit aside. Dont try to tame the beast ...just ride it...nice and smooth...i made 180 pips.. now out of trade...waiting for another wave .....

looks like the SMA moved upon 239.4

And now back up about the same. Wild!

is everyone shorting again when price hits the 5ema on the 1H?

When is that?

239.2 is also 0.50 fib level from the last high (1 hr)... If that makes any sense.

i agree, am waiting

i would short around 139.70-80 with tight mental SL 140.17.

Yes, but I'm not touching this until it does retrace. Be careful right now.

I assume you mean 239.7. I doubt it will get that high (at least not tonight)

Auslanco, where are you?

We miss you buddy.

I think now it gonna be range bound...Tony Blair already had his breakfast..
I will wait Bush Lunch plate whether he has eenough DOW in his menu..

didn't he say he was taking today off

Aug. 1 (Bloomberg) -- The yen rose to the strongest in 12 weeks against the dollar as hedge fund losses and a slump in Asian stocks prompted investors to cut riskier investments paid for by loans in Japan.
Traders reduced so-called carry trades, pushing up the yen versus the 16 most-active currencies. Macquarie Bank Ltd., Australia's largest securities firm, announced losses in funds that invest in high-yield debt, causing the yen to extend a 4 percent gain in the past six weeks.
``This has the feel of being a bit more serious, given this may reduce liquidity to the equity market on a more permanent basis,'' said Greg Gibbs, a currency strategist at ABN Amro Holding NV in Sydney. ``You'll see further near-term weakness in the carry trade and strength in the yen.''

Arah pergerakan dollar masih diarea negative kecuali terhadap euro, dimana tiadanya data-data ekonomi AS yang mendukung dollar untuk melakukan perlawanan.
Pertama, daya belanja konsumen AS sudah menurun drastic, meskipun pendapatan mereka masih menunjukkan peningkatan, namun pembelajaan selama 4 bulan terakhir tidak pernah mengalami kenaikan sehingga produsen juga susah untuk melakukan banding harga dan akhirnya tekanan inflasi akan mereda.
Kedua, belanja konstruksi AS yang turun mengisyaratkan bahwa memang sektor property AS sedang turun tajam, meskipun sektor non-perumahan mengalami peningkatan yang signifikan, namun sektor perumahan kecil mengalami tekanan hebat, sehingga dipastikan daya serap tenaga kerja di sektor ini akan mengecil.
Ketiga, aktivitas industri AS nampak akan mengalami kontraksi lagi dimana aktivitas industri di negara bagian Chicago mengalami penurunan yang tajam lagi. Aktivitas industri di negara bagian ini sering dianggap sudah mewakili data ISM manufacturing yang berskala nasional.
Dari ketiga bagian diatas, dollar dapat terhindar dari koreksi yang cukup tajam dari mata uang utama dunia karena dibantu oleh data sentiment konsumen AS yang kembali naik tajam dan tertinggi sejak 2001. Hal ini membantu proses keyakinan konsumen AS untuk menghadapi masa depan AS yang lebih baik dan inflasi yang turun sehingga kredit macet di AS dapat diatasi.
Sterling gagal melakukan rally-rallynya yang panjang karena data keyakinan konsumen Inggris mengalami penurunan, namun kenaikan the cable lebih banyak dibantu oleh penjualan retail Inggris yang naik kembali sehingga ruang BoE rate untuk naik masih terbuka.

is the market waiting for how the stock indexes in Europe might respond?

i'm long at 238.37. any1 with me long?

I can't imagine them being anything but bad.