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

Ok, this damn G/J better do something soon. Aus is way too bored

auslanco;1553863]Darn, This fib business.. It's not too easy after all

Obviously, you're going for big pips.

WOW...soooo COOL.. thanks.

I am starting to really REALLY profit from my night off now.

All we need now are the pips.

This is my way of confirming the fibs....lol..

I also use Murry math.....note how they line up.....

CNBC World just had some guy on...apparently nobody is expecting a change in the rate....but next month is supposed the month when the raise rates

(REPEAT) TTN ANALYSIS - MANY ANALYSTS HAVE SUGGESTED THAT JAPANESE CONSUMPTION WILL SLOW DOWN IN THE MONTHS AHEAD, REDUCING THE NEED FOR MORE BOJ RATE HIKES
- Many analysts expect Japanese personal consumption to slow down in the coming months, citing higher local taxes and the end of some tax cuts for salaried workers
- Japanese consumption outlook: Consumption could lose steam especially in July-September after the scheduled changes in taxes (Kiichi Murashima at Nikko Citigroup)
- Note: Consumption makes up about 55% of the Japanese economy

can someone post all MT indicators for this system? thanks.

TTN ANALYSIS - WHAT IF THE BOJ HIKED RATES AT TODAY'S MEETING?
- The consensus is that the BoJ is unlikely to hike rates amid the current market volatility. Out of 46 economists surveyed, only 3 expect the BoJ to hike rates today.
- The BoJ has made it clear that it is their aim to normalize rates. Despite CPI hovering around 0.0%, they have said that they will hike rates even if inflation remains at current levels. If the BoJ could have their way, they would hike rates today.
- The majority of observers say that the problems in the U.S. credit market make a BoJ rate hike unlikely at today's meeting. But it appears that Japan has very little exposure to the subprime mess in the United States. Some analysts suggest that Japan should be among the countries least affected by the current credit crisis, because the nation's companies have so little debt. So the fundamentals haven't changed since late July when the market widely expected a BoJ rate hike at today's meeting.
- BoJ sources said last week the board would make a decision by analyzing how recent market volatility could affect the real economy. Given Japan's minimal exposure to the subprime problems, combined with the low levels of debt seen in corporate Japan, has the Japanese economy really deviated from the BoJ scenario over the last 3 weeks?
- The main problem for the BoJ is the outlook for the U.S. economy, a key destination for Japanese exports. The BoJ scenario expects a soft landing for the U.S. economy, but the recent Fed statement that "risks to economic growth had increased appreciably" has put the BoJ in a tough position, and they may have to rethink the soft landing scenario.
- Given that the fundamentals in Japan's economy haven't changed much since the end of July, and given the BoJ's determination to normalize rates, is the market underestimating the BoJ? If the BoJ believes that the U.S. soft landing scenario will play out, they could surprise markets and go ahead with a rate hike at today's meeting.

- But lets not get ahead of ourselves. There hasn't been enough data to show the impact of the credit crunch on the real economies of the U.S. and Japan. Central bankers are more likely to go into a wait-and-see mode.

- Fukui's press conference at 2:30 ET is key: Markets will watch what Fukui says about the current market volatility. "It will all depend on how he (Fukui) says it. If he says a rate hike was delayed due to market turmoil, there is still a possibility for a rate rise in September. But if he cites risks to the real economy, the BOJ will probably want to look at the tankan and may need to change its economic scenario in its outlook report in October. So there is a risk that a rate hike may be delayed to as late as November." (Takuji Aida, chief economist at Barclays)

Where can we get Murrey Math Lines?

so the majority of traders aren't expecting a BoJ rate increase today. What impact will this have on GJ? Has this information already been factored in to the price?

Last weekly did just over a 100% retrace. Seems like right now the best weekly fib to use is the same as the Daily.

M2B

http://www.forexfactory.com/showthread.php?t=41509

check the above. Que has kindly written a program for it. br

hi Aus--good to know ure here --was wondering if your alarm clock didnt go off
i dont see a retracement happening to 4hr 5sma
candle has closed above 50 ema, cci is well above zero line, candle closed above MS2, MA's all pointing to the sky--with good angle and separation, bull signal smoke comin out of my screen
its already made a retrcement to 50 ema and MS2 which i mentioned earlier where it would go to (but didnt take any action--damn)
nxt level for me is 235.70ish where we have MS1 and 100sma--so watch out
just my 2 pips worth

Sorry...I posted my M-M lines to show how I use them,,,,but there not part of Aus or Karmo.....teaching..


I wont post them again..........Sorry guys....

Aus if you want me to edit that post I will...

Just ballparking it here, we need the 1hr to close above the 231.70 level and open above that and go long?

Remember fib masters, if we make a new high then you've got to move the upper point of the fib you just drew to the higher point.

top picking with fibs tonight has been a pain in the ass so far...
what are you guys holding right now?

STILL WAITING FOR BOJ RATE DECISION; WIDELY EXPECTED TO LEAVE RATES UNCHANGED TTN news

Mumtaz Karmo, Mumtaz !
Really great trade you took... So.. how about a new car for yourself?

Momentum on all TF's from 4H down is bearish right now.

M2B