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

Good morning everyone, seems like I slept thru a nice move. Congrats to everyone who made some pips

i regained my capital with a 700 pip gain an thanks to auslanco, karmostaji and u all.

hey scott, what u got to say....... pls say something funny

I was wondering where you are, but now I can see that you were busy counting PIPS...


Good on Aus

U DESERVT. THAT WHOM LIKES GOOD FOR OTHERS.

Thanks for reminder Que, and the indicators.

Que, is there an expiration date for your QQE ALERT indicator? Also, as per your request, I downloaded the latest MTF QQE, and only one signal line appears. Thanks.

Okay, found the remedy - thanks

No worries, I wouldn't have gone for the 2,000. But I was acting undisciplined in being blinded by the 1,000 mark. I should have kept reading the price action like usual and when appropriate secured the 1,000 with my SL.

Ah what the heck .... I got my 1,000

Mike

i got screwd by gft forex about 100 pips-- are they going to hear the end of me today...

Aug. 15 (Bloomberg) -- Goldman Sachs Group Inc. waived fees to draw investors to its Global Equity Opportunities hedge fund after stock-market losses wiped out $1.4 billion of assets this month, according to a person with direct knowledge of the terms.
New participants won't pay the 2 percent management charge and Goldman will cut its performance fee in half, said the person, who declined to be named because the information is private. The New York-based firm and investors including billionaire Maurice ``Hank'' Greenberg agreed to put $3 billion in the fund earlier this week. Goldman spokesman Lucas van Praag confirmed the terms and declined to comment further.
Goldman, the world's most profitable securities firm and second-largest hedge fund manager, needed capital after stock declines worldwide confounded Global Equity's computer-driven bets and threatened to spur withdrawals. The so-called quantitative fund lost 28 percent of its value this month. Other quant funds, including AQR Capital Management LLC and Highbridge Capital Management LLC, also suffered declines.

Well done - that's next weeks quota out of the way. Congrats

Hi Auslanco

Would you mind posting the 2 charts for todays ride ?
I just want to see at which point it signals to enter the trade, still learning to read the charts.

Regards,
John

thanks for the info
the move aint finished yet

Awesome Aus !

I agree. Here's another article:


Aug. 16 (Bloomberg) -- The yen rallied to its highest since 2006 against the dollar as investors fled carry trades after global stocks fell and companies in Australia and Canada sought emergency funds because they were unable to refinance debt.
The yen rose against all currencies and reached the strongest since March versus the euro as traders repaid loans in Japan used to buy higher-yielding assets elsewhere. Australia's Rams Home Loans Group Ltd. failed to refinance A$6.17 billion ($5 billion) of short-term U.S. loans, helping trigger the biggest slide in Asian shares in a year.
``People are throwing in the towel on carry trades,'' Simon Derrick, chief currency strategist at Bank of New York Mellon Corp., said in London. ``Two key factors required to make carry trades work, steady or depreciating funding currencies and low volatility, are no longer there.''
The Japanese currency advanced 1.9 percent to 114.37 per dollar at 7:11 a.m. in New York, after reaching 113.60, the strongest since July 2006. It climbed as high as 151.98 per euro, the strongest since March, before trading at 153.03.
The yen climbed to 78.36 against New Zealand's dollar from 82.78 yesterday. It has risen 12 percent so far this week. The yen gained to 89.67 versus Australia's dollar from 95.62. The Australian and New Zealand currencies are carry-trade favorites, with benchmark interest rates as much as 7.75 percentage points higher than in Japan.
`Tipping Point'
``We are at a tipping point,'' said Michael Metcalfe, head of macro strategy at State Street Global Markets. ``Investors that had been short the yen for more than a year and a half have fully squared those positions. The question now is whether they are starting to build long positions.''
Volatility on one-month dollar-yen options reached 13.9 percent today, the most since September 2003. Volatility on one- month euro-yen options reached 15.25 percent, the highest in more than six years.
UBS AG, the second-biggest currency trader, said its Risk Index reached a record 2.53, higher than after the Sept. 11, 2001, attacks on the U.S. and the collapse of Long-Term Capital Management LP in 1998.

looks liek headed to 221 area
1500 pips down this week for g/j

I made only 350 pips, but this is by far the greates achivement so far, and when you come to think of it, drawing fibs waitnig for confirmation several hours at a time..., and still screwing up the trade and now only watching stochs and momentum, wow this is to much for a newbie like me

Carry Trade Panic
The unwinding of carry trades has now hit the panic stage with the yen strengthening very rapidly over the past few hours as there has been a capitulation of positions. The yen has strengthened temporarily through the 114.00 level and, unusually within the USD/yen pair, there has been evidence of liquidity problems.

There is now a much increased potential for central bank action to stabilise markets with the potential for Bank of Japan intervention to buy the dollar and further bank efforts to stabilise inter-bank markets.

The evidence of the last hour suggests that carry trades are now clearly in a capitulation phase which could certainly continue over the next few hours.

The evidence also suggests that an important near-term bottom for global stock markets and high-yield currencies is likely to be hit by the end of this week, but volatility levels will remain extremely high in the short term.

This is likely to set the stage for a sharp corrective recovery, although it is by no means a signal that the longer-term stresses have eased. There will be the threat of fresh lows over the next two weeks even with the potential for a sharp interim recovery in high-yield units.
__________________

Tim Clayton
Investica Ltd Head of Research
Forex Factory Senior Analyst

Looks to me that it's too scary to enter the market at the moment, swing 50-100 pips back and forth easily. Like the time to wipe out any position you may have unless you have a very very wide stop loss, more than 500 pips http://www.forexfactory.com/images/icons/icon10.gif

hey aus,

i am loking for a place to catch the next move down. i am thinking either a strong break below the current 1hr low candle and adding on the break of the last 1ht candle. moving so fast, w/o retrace, its hard to gauge. any thoughts?

I will go short again when 5min cross down..

next support is 223.80 area. just keep an eye